SOURCE: eLocity Inc.

March 16, 2005 07:20 ET

March 16th Stock Trading Alert

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity.

SARASOTA, FL -- (MARKET WIRE) -- March 16, 2005 -- eLocity's stocks to watch for Wednesday are -- Bullion River Gold Corp. (OTC BB: BLRV), TiVo Inc. (NASDAQ: TIVO), Comcast Corp. (NASDAQ: CMCSA), CMGI, Inc. (NASDAQ: CMGI).

Investors, have a look at Bullion River Gold Corp. (OTC BB: BLRV) (FWB: BVM), an American based mineral exploration company focusing on regions containing gold-silver deposits located in the Southwest United States. Bullion River Gold Corp. announced Tuesday that they have completed 18 underground drill holes in its resource-definition program at its French Gulch mine near Redding, California, with the first 16 holes, targeting the Lucky-7 vein, successfully extending high grade gold mineralization at least 200 feet below previously mined levels.

The company said assays are pending for holes 6 through 18, and assays for the first 5 holes were previously reported and included 0.335 opt Au over 40.5 feet in hole 4 containing 7.7 feet grading 1.184 opt Au and 2.5 feet grading 0.984 opt Au. Bullion River Gold added that holes 17 and 18 were the first holes that will similarly test the Washington vein, approximately 400 feet north of the Lucky-7 vein, and the first two Washington holes intersected the vein as anticipated, with one hole containing obvious visible gold. The company further added that the holes have also crossed an additional undeveloped vein between the Washington and Lucky-7 veins.

Additionally, Bullion River Gold stated that it is currently scheduling to begin assessments beyond the Washington mine, the site of the resource-definition effort, consisting of a rigorous district scale geologic evaluation along with assessments of mineralized areas. The company stated as an example, the historic Niagara mine, about 4000 feet west of the Washington, developed a high grade ore shoot for about 800 feet down-dip, with the vein and vein trend have not yet been explored, and added that at one historic drift lying 550 feet below mined levels intersected multiple quartz veins with visible gold, but no mining was yet conducted. This drift will be mapped and sampled as the initial stage of the mine's evaluation, the company said.

Bullion River Gold Corp. noted that, similar to Washington, the veins at Niagara are hosted in a dike swarm, and a surface core-drilling program is planned for the area as well as for step-outs along the Washington and Lucky-7 vein trends to the east.

Shares of Bullion River Gold Corp. (OTC BB: BLRV) closed Tuesday at $1.23.

Other stocks making headlines on Tuesday were:

TiVo Inc. (NASDAQ: TIVO), Comcast Corp. (NASDAQ: CMCSA)

TiVo Inc. announced Tuesday that it has won a contract, valued in the range of $10 to $30 million, to supply its digital video recording system to television operator Comcast Corp., the No. 1 cable television operator. The companies said starting in mid to late 2006 they will develop a version of the TiVo service that will be offered to Comcast's digital video recorder subscribers, offered as an alternative to Comcast's current DVR service.

TIVO closed Tuesday's regular trading session at $6.70, up $2.87, on volume of 66.39 million shares, while CMCSA finished the session at $33.91, down 8 cents on 8.39 million shares traded.

CMGI, Inc. (NASDAQ: CMGI)

Shares of financial services company CMGI, Inc. soared Tuesday and traded on extremely high volume, after reporting on Monday net income for the second quarter of $7.2 million, or $0.01 per share, compared with a net loss of $5.5 million, or $0.01 per share, in the same quarter last year. The company stated that for the quarter, net revenues increased 195 percent to $295.72 million, from $100.28 million in the previous year's quarter.

CMGI closed Tuesday's regular trading session at $2.26, up 45 cents, on volume of over 69 million shares.

About eLocity Inc: eLocity owns and operates three financial websites for investors.

-PennyPicks.com, http://www.pennypicks.com/. Featuring active message boards for the penny stock trader, rumors and more.

-StockGrid.com, http://www.stockgrid.com/. Visit this site for our daily top stock "GRID Makers." We rank stocks on volume, message board activity, sentiment and trend forecast.

-Bell2Bell.com, http://www.bell2bell.com/. Bell2Bell features news stories, rumors, the InvestBoard and more.

Sign up for FREE at any of the sites above.

The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for newsletter and ad services for Bullion River Gold Corp. (Public Company). The compensation is one thousand dollars from a non-affiliated third party, Segue Consulting Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    941-544-3498
    Thomas Clay