SOURCE: Wall Street News Alert

March 03, 2006 09:47 ET

Stock Alert: HAPS Is on the Move! March 3, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- March 3, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: HAPS USA, Inc. (OTC BB: HAPS), Sprint Nextel Corp. (NYSE: S), Network Appliance, Inc. (NASDAQ: NTAP), and Hilton Hotels Corporation (NYSE: HLT).

The press release issued by HAPS USA, Inc. (OTC BB: HAPS) yesterday could lead to positive results for the company! Investors are encouraged to watch for continued activity today. Yesterday the company, operating in the Japanese gaming industry, issued a press release announcing that it recently filed an 8-K/A with the SEC, detailing the Company's financial results for the quarter ended September 30, 2005.

The filing shows substantial increases in several categories which should get the attention of investors! According to the company, compared to the quarter ended September 30, 2004 gross wagers increased by 6.7% to $48,633,987. Gaming revenues for the quarter increased by 18.4% to $5,905,034 for the quarter as compared to the quarter from the previous year. There was a 10.9% increase in the number of pachinko machines in operation with 4,298 machines in 13 locations. After allowances for non-cash depreciation and impairment losses the quarter ended September 30, 2005 showed a net income of $18,101 compared to a loss of $358,183 in the same quarter in the previous year. This improvement can be attributed to the increase of gaming revenue due to the opening of two new stores in 2005. As a result of the recent merger taking PGMI public, the company has strived to meet a demanding schedule for financial reporting.

Investors watch this one! Pachinko gaming is by far the largest industry in the Japanese service sector with an estimated $277 billion in gross wagers. The Tokyo-based Yano Research Institute, Ltd. estimates that the pachinko industry employs an estimated 319,000 people in Japan compared to the 350,000 employed by the entire U.S. casino industry. The Leisure and Development Center of Japan stated that an estimated 40-50 million adults in Japan play Pachinko and approximately 26% of adults (approximately 25 million people) in Japan are regular customers. The Japanese Ministry of Economy reports that pachinko accounts for over one-third of all spending on entertainment in Japan. This huge component of the world economy has until recently been completely ignored by the U.S. investment markets.

Wall Street News Alert is putting aggressive investors on high alert to continue watching this company! Shinichi Kanemoto, the president of PGMI and HAPS USA, Inc. said, "Pachinko gaming is an integral part of Japanese life. By providing a clean, attractive and exciting environment for our patrons we seek to expand our position as one of the premier operators. Becoming a publicly traded company in the United States gives us the opportunity to bring this pure gaming investment to stock market investors. The advent of computer monitoring and control has generated a shift toward consolidation. Our extensive use of information technology (IT) gives us a significant competitive advantage over the majority of pachinko operators. We will continue to add modern stores and cull out less profitable locations. We feel that this strategy will bring significant savings from economies of scale in management, marketing and operating costs."

The stock closed yesterday at Fifty Eight cents a share.

To view an updated and in-depth profile of HAPS USA, visit http://www.thenewssvc.com/HAPS030206.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

Sprint Nextel Corp. (NYSE: S) down 0.2% on 10.9 million shares traded.

Sprint Nextel offers a comprehensive range of wireless and wireline communications services to consumer, business and government customers.

Network Appliance, Inc. (NASDAQ: NTAP) up 0.06% on 4.5 million shares traded.

Network Appliance is an open network storage solutions company for today's data-intensive enterprise.

Hilton Hotels Corporation (NYSE: HLT) down 0.7% on 3.4 million shares traded.

Hilton Hotels Corporation is a global hospitality company.

Commentary:

"Retailers, after reporting a better than expected January, are having the opposite effect for February. Cold blizzard-like conditions in the Midwest and eastern Atlantic states hurt same-store sales, although Wal-Mart showed a 2.9%+ gain. Retailers are looking forward to March with the Easter spending," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

Let Wall Street News Alert help advertise for your company using our effective awareness campaigns. If you're Interested in telling your story, we can help. Contact us at info@wallstreetnewsalert.com

WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 50 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.

*** Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street! If you receive any such fax, please do not contact us at www.wallstreetnewsalert.com. You may wish to inquire about the fax, with the CEO of the company that the fax is written about ***

Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.

This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Fifty Thousand shares of HAPS USA, Inc. (OTC BB: HAPS), by a third party (Arthur Douglas & Associates), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has sold Thirty Two Thousand and Five Hundred of those shares, as of this release. WSCF intends to continue selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.

This release contains "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 and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.

Contact Information