SOURCE: eLocity Inc.

June 20, 2005 10:51 ET

Monday June 20th Stock Trading Alert

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

SARASOTA, FL -- (MARKET WIRE) -- June 20, 2005 -- eLocity's stocks to watch for Monday are -- SoftNet Technology (OTC BB: STTC), American Eagle Outfitters, Inc. (NASDAQ: AEOS), USA Technologies, Inc. (OTC BB: USTT), AccuPoll, Inc. (OTC BB: ACUP)

Investors may want to have a look at SoftNet Technology (OTC BB: STTC). Monday, the company issued a press release announcing that the company has generated its best month ever in revenue with one third of the month of June still remaining. SoftNet said that sales in the last 10 days of June are expected to not only come close to, but possibly exceed the sales generated in the first 20 days of the month.

SoftNet Technology said that the sales generated in the first 20 days of June come from the combined efforts of Indigo Technology and WholesaleByUs, with WBU being the bigger revenue generator. The features that have been added to the WBU system have had a dramatic upward effect on the daily sales, the company said, and noted that new product that has been added is also having a profound effect on the daily sales. SoftNet said that revenue in the 2nd quarter has already surged well over $450,000, and sales in the quarter have already more than doubled first quarter revenue.

SoftNet said that it will easily surpass the whole first quarter in sales just in the month of June alone, and that it also appears likely that sales in June will surpass the combined sales of April and May.

The company also said that WholesaleByUs (WBU) has instituted major changes to the face of the website, with the changes expected to lead to further revenue growth in the 2nd quarter and into the 3rd quarter. WBU said it currently has about 2 million products in the system, and expects to more than double that number in the near future.

Shares of SoftNet Technology (OTC BB: STTC) are currently trading at around 26 cents a share.

Other stocks to watch:

American Eagle Outfitters, Inc. (NASDAQ: AEOS)

Casual teen apparel retailer, American Eagle Outfitters, Inc., announced on Friday that it is raising its cash dividend by 50 percent to 30 cents annually. AEOS said that the quarterly dividend of 7.5 cents is payable July 8 to stockholders of record June 27.

AEOS closed Friday's regular trading session at $31.14.

USA Technologies, Inc. (OTC BB: USTT)

USA Technologies officially unveiled its new generation of the CoolerMiser, CM2IQ™, energy management device for glass-front coolers last week, predicting the new product, along with recently announced developments, would lead to a sharp increase in the sales of its energy management line.

USTT closed Friday's trading session at $0.16.

AccuPoll, Inc. (OTC BB: ACUP)

Direct Recording Electronic voting systems developer, AccuPoll, Inc., announced on Friday that Delta County, Texas has selected the AccuPoll Voting System to meet its needs for a HAVA compliant voting system.

ACUP closed Friday's trading session at $0.145.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is hereafter referred to as "the company". The company received compensation for newsletter and ad services for STTC. (Public Company). The compensation is twelve hundred dollars from a non-affiliated third party Equity Alliance. 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.

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Contact Information

  • Contact:
    eLocity Inc.
    Thomas Clay