SOURCE: eLocity Inc.

April 21, 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 21, 2005 -- eLocity's stocks to watch for Thursday are -- Graystone Park Enterprises, Inc. (OTC: GPKE), Universal Display Corp. (NASDAQ: PANL), Align Technology, Inc. (NASDAQ: ALGN), Cygne Designs, Inc. (OTC BB: CYDS).

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 stalls a start-up company. GPKE also plans on acquiring middle-stage companies in need of assistance to dramatically increase its market share. Graystone projects to acquire 5-10 companies in 2005, and 8-12 additional companies in 2006. On Wednesday, the company's wholly owned subsidiary, Gray Publishing & Media, Inc., announced that it has released the first titles on its digital distribution e-commerce Web site, GPKE said it has been instrumental in its release.

The company said that the web site makes available for sale the most popular brand of digital case briefs for law students under the brand name, Casebriefs™. Casebriefs™ are described by the company as abridged versions of law cases for law school courses that allow law students, for the first time, obtain study aid materials convenient to their personal study habits, and to manipulate and customize subject matter as per their professor and their own particular needs.

GPKE noted that by being digitally published, it allows Casebriefs content to be accessed anytime, anywhere, be updated instantaneously, and said that it provides an interactive control panel which enables the user to link other necessary information into the text such as web sites, and other, additional relevant documents.

Graystone Park Enterprises CEO, David Gray, stated, "This is an excellent example of how our management adds strategic value to growing companies. With GPKE's extensive network of strategic partners, Gray Publishing is poised to lead this market in its space."

Shares of Graystone Park Enterprises, Inc.'s (OTC: GPKE) are trading at around 25 cents a share.

Other stocks making headlines on Wednesday were:

Universal Display Corp. (NASDAQ: PANL)

Universal Display Corp. announced Wednesday that it has signed an organic light emitting diode patent license agreement with Samsung SDI Co. The company stated the agreement leads the way for Samsung SDI to integrate Universal Display's proprietary organic light emitting diode technologies into Samsung SDI's active-matrix OLED display products.

Shares of PANL closed Wednesday's regular trading session at $7.76, up 1.85 on volume of 2.83 million shares.

Align Technology, Inc. (NASDAQ: ALGN)

The inventor of Invisalign (a method of straightening teeth without wires and brackets), Align Technology Inc., announced financial results for the first quarter before the bell Wednesday, reporting first quarter total revenues of $51.2 million, an increase of 30.5% from $39.2 million in the same quarter last year. Align Technology reported first quarter GAAP net profit of $1.9 million or $0.03 per share, compared to $557 thousand or $0.01 per share in the same quarter last year.

Shares of ALGN closed Wednesday's regular trading session at $8.36, up 1.41 on volume of 10.5 million shares.

Cygne Designs, Inc. (OTC BB: CYDS)

Cygne Designs, Inc. announced after the closing bell Tuesday evening that it is in preliminary discussions to acquire the privately-held, branded and private label denim clothing supply business of Commerce Clothing Company LLC. The company said that during 2004 Commerce Clothing re-entered the market after being dormant for several years, and added that it is involved in the design, manufacture and sale of denim clothing.

Shares of CYDS closed Wednesday's trading session at $1.065 on volume of 5.4 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.

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    Thomas Clay