SOURCE: Wall Street News Alert

March 16, 2005 08:33 ET

Wall Street News Alert: EMTK Announced President and CEO!

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

WESTON, FL -- (MARKET WIRE) -- March 16, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: E Mobile Information Technologies (OTC: EMTK), Symantec Corporation (NASDAQ: SYMC), Nortel Networks Corporation (NYSE: NT) and Micron Technology, Inc. (NYSE: MU).

Aggressive investors and traders should be watching E Mobile Information Technologies (OTC: EMTK) this morning! Recently, the company issued a press release announcing the appointment of Phillip Barber to the positions of President, Chief Executive Officer, Director and Vice Chairman of the Board of Directors. Additionally, Mr. Barber shall assume the duties as President and CEO of RF Tune, one of two wholly owned subsidiaries of the company, the other being CHL Technologies. Both subsidiaries have been positioning themselves as major contributors, and ultimately leaders within their niche of the wireless industry.

This could be good news for investors! According to the company press release, Dr. Nan Hu, founder of the company, acknowledged the experience and the abilities of Mr. Barber as he ascends to the company's top positions. Dr. Hu stated that, "First and foremost, Mr. Barber brings with him experience, dedication and respect as consultant, lecturer and chairman of select committees in various professional organizations and as founder and CEO of Broadband Mobile Technologies, Inc., a pioneer in 4G technology. His relationships with representatives of leading telecommunications companies will serve E Mobile well." As part of Mr. Barber's engagement, E Mobile has signed a Letter of Intent to acquire Broadband Mobile Technologies, which will be acquired in a deferred transaction.

As part of the transition, Dr. Hu retains his role as Chairman of the Board of Directors and President and CEO of the CHL subsidiary. Added to this role within the company, Dr. Hu assumes the new corporate post of Executive Vice President, Carrier Content Services.

Keep your eyes open for future developments! Asserting his intention to address the current status of the company and his vision for its future in appropriate detail, Mr. Barber announced that E Mobile management will be conferring with the company's investors through a teleconference, the date and time to be determined.

The stock closed yesterday at Three cents a share.

In case you are not familiar with the companies: E Mobile is an emerging leader in the broadband mobile content market through its operating subsidiary CHL Technologies. Taking a different road from most application and content groups whose primary focus is Java, SMS and MMS, CHL focuses on developing and distributing innovative mobile applications and wireless value added services for Smartphones, Symbian, KJava, and Pocket PC. The result is that CHL Technologies is ahead of its competitors in ready applications and content for these new systems putting the company in an excellent position for the emerging 3G content market. CHL has committed to becoming the leading provider of these high tech content services internationally. For more information, please visit www.chltec.com and www.mbook.com.cn.

E Mobile's wholly owned subsidiary RF Tune is a fabless RF IC development stage manufacturing company, transitioning to operating status. RF Tune has wireless system, technology agnostic patent pending beam forming (MIMO) intellectual property, chip design, and ICs for the 802.11/Wi-Fi market, with chips for the cellular and 802.16/WiMAX market in development. For more information on RF Tune visit www.rftune.com.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Symantec Corporation (NASDAQ: SYMC) down 1.5% on 13.6 million shares traded, Nortel Networks Corporation (NYSE: NT) down 3% on 11.3 million shares traded and Micron Technology, Inc. (NYSE: MU) down 1.3% on 8.5 million shares traded.

Commentary:

"U.S. retail sales were up 0.5 percent in February, according to the Commerce Department. Clothing, electronics, gas, and food outside of the home (restaurants) pushed up the numbers," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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