SOURCE: eLocity Inc.

April 28, 2005 07:20 ET

Thursday's Stock Trading Alert

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

SARASOTA, FL -- (MARKET WIRE) -- April 28, 2005 -- eLocity's stocks to watch for Thursday are -- Graystone Park Enterprises, Inc. (OTC: GPKE), Infinium Labs (OTC BB: IFLB), Laserscope Inc. (NASDAQ: LSCP), Akamai Technologies Inc. (NASDAQ: AKAM).

Investors may want to watch Graystone Park Enterprises, Inc. (OTC: GPKE), a company that assists small business entrepreneurs into growing their companies and reducing pitfalls that normally stall a start-up company. GPKE also plans on acquiring middle stage companies in need of assistance to dramatically increase its market share, where it will then maintain a substantial percentage of each subsidiary company after it begins trading under its own symbol.

After the closing bell Wednesday, the company announced that it has signed a Letter of Intent to acquire Fishox Systems, Inc., a designer and manufacturer of Oxygen Concentrators, of Winter Springs, Florida. Graystone Park Enterprises, Inc. said that Fishox is a pioneer in the development and marketing of low cost oxygen concentrators for the recreational fishing industry.

GPKE said that the Fishox unit has been featured in Bass Pro Shops, Saltwater Sportsman Magazine, Landbigfish.com, Boaterscatalog.com and the Probass.com as the safe, low cost alternative to other oxygenation units. The company also added that it has recently increased its manufacturing facilities to meet the demand for having secured its first contract to manufacture 3,500 portable oxygen units ($1,225,000 in revenue) for T-H Marine, a major distributor of boat accessories.

New markets are opening, the company noted, because of the principal's expertise in designing health industry oxygen units for other companies, as the company is exploring new designs for the billion dollar alternative health market. The company said that President of Fishox Systems, Chesley Ellis, has designed a family of low-cost compact oxygen concentrators for these niche consumer markets.

Shares of Graystone Park Enterprises, Inc.'s (OTC: GPKE) are trading at around 30 cents a share.

Other stocks making headlines on Wednesday were:

Infinium Labs (OTC BB: IFLB)

Infinium Labs announced an agreement on Wednesday with OpSource, a Software as a Service (SaaS) applications enabler, to enroll Infinium Labs in a 90-day SaaS Enablement Program. The company said the program will utilize OpSource's suite of tools and services to analyze and fine tune Infinium Labs business model, operational plan and service delivery.

Shares of IFLB closed Wednesday's trading session at $0.139, up 2 cents, on volume of 2.32 million shares.

Laserscope Inc. (NASDAQ: LSCP)

Laserscope Inc., manufacturer of medical lasers and advanced fiber-optic devices, announced first quarter financial results Wednesday, reporting net income of $5.0 million, or $0.22 per diluted share, compared to $2.2 million, or $0.10 per diluted share, in the same quarter last year. Revenues for the quarter increased 50.3% to $28.2 million, from $18.8 million in the same quarter last year.

LSCP closed Wednesday's regular trading session at $31.86, up 1.40 on double its average volume.

Akamai Technologies Inc. (NASDAQ: AKAM)

Akamai Technologies Inc. announced first quarter financial results after the bell Wednesday, reporting first quarter revenue of $60.1 million, a 24% increase over first quarter 2004 revenue of $48.4 million. Net GAAP income increased for the quarter to $14.1 million, or $0.10 per diluted share, from $2.9 million, or $0.02 per share, in the same quarter last year, the company said.

AKAM closed Wednesday's regular trading session at $12.42 on volume of 2.01 million shares.

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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 GPKE (Public Company). The compensation is one thousand dollars from a non-affiliated third party, Alex 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.

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Contact Information

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