SOURCE: Wall Street News Alert

August 11, 2005 09:43 ET

Wall Street News Alert: Emerging Public Company to Realize Significant Reduction in Overhead Costs!

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

WESTON, FL -- (MARKET WIRE) -- August 11, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: MidNet Inc. (OTC BB: MIDX), Time Warner (NYSE: TWX), Lucent Technologies (NYSE: LU) and Sun Microsystems, Inc. (NASDAQ: SUNW).

This morning, MidNet, Inc. (OTC BB: MIDX) should be appearing on the radar screen of aggressive investors and day traders again! Yesterday after the stock markets closed, the company, creator, owner and operator of The Middle Network™, issued a press release announcing that it has negotiated new agreements with its primary telecommunications providers. As a result, MidNet expects to save approximately 50% in network overhead costs beginning this month.

News of the reduction in overhead should be welcomed by investors, as the company's Middle Network continues to expand! Follow-up negotiations are expected to see these new rate structures applied to network infrastructure outside of the US and Canada, as MidNet expands The Middle Network™ to other countries. These significant reductions in monthly costs form a key part of the Company's strategy to roll out The Middle Network™ in support of its video-based communications initiative.

Watch this company! According to Tilo Kunz, MidNet's president and CEO, "I'm very pleased we've been able to reduce overheads to coincide with our expansion plans. As we build out The Middle Network™ to take advantage of the growth of video-based communications, these infrastructure savings will aid us in reaching our goal of sustainable profitability."

Investors should continue to monitor the progress of MidNet for further developments! Among the company's recent news:

--- The company is providing the network platform for 'Alliance for a New Humanity', an international network for social change. The 'Alliance' is presided over by its president, Deepak Chopra MD, an acknowledged world leader in the field of mind-body medicine.

--- The company announced the introduction of the beta version of a software-based "media phone." See Midnet's press release for technical details and features of the "media phone" and "device locking."

--- Uniloc USA Inc. is developing a "Device Locking" plug-in to enhance privacy for Midnet's previously announced "media phone."

For updated in-depth coverage and a company profile of MidNet, visit

The stock closed yesterday at Sixty-Four cents a share.

In case you are not familiar with the companies: MidNet is the creator, owner, and operator of The Middle Network™, a commercial complement to the Internet. The Middle Network™ provides high-speed, high-capacity private digital connectivity to organizations and individuals who wish to create, manage and distribute valuable intellectual properties, and communicate more effectively.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Time Warner Incorporated (NYSE: TWX) down 1.6% on 38 million shares traded, Lucent Technologies (NYSE: LU) down 1.6% on 35.2 million shares traded and Sun Microsystems, Inc. (NASDAQ: SUNW) down 0.8% on 30.2 million shares traded.


"The Treasury Department announced that the July deficit was at $52.8 billion, down from $69 billion the previous year, as increased revenues were up, averaging 13.7% or $1.7 trillion in 2005. The first 10 months the budget deficit averaged $302.6 billion, $110.3 billion less than the same period the previous fiscal year. WOW, in the last 10 years we have seen a real reversal of fortunes regarding the economy and the budget," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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