SOURCE: Wall Street News Alert

March 23, 2005 09:03 ET

Wall Street News Alert: MIDX Announces Shift in Leadership Roles!

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

WESTON, FL -- (MARKET WIRE) -- March 23, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: MidNet, Inc. (OTC BB: MIDX), NASDAQ 100 TR SERIES I (NASDAQ: QQQQ), Microsoft Corporation (NASDAQ: MSFT) and Sun Microsystems, Inc. (NASDAQ: SUNW).

Aggressive investors and traders may be excited about the latest news from MidNet, Inc. (OTC BB: MIDX). The company just announced that co-founders Tilo Kunz and Peter Fentiman have exchanged leadership roles as the company enters the next phase of its corporate evolution.

This could be great news for investors! "As we announced last week, we have commenced the rollout of our video phone network, established a corporate infrastructure, identified our target markets and announced our first customers," Fentiman said. "We are now entering the next phase of our development, which is much more operationally focused. Tilo has served as chief operating officer for three years and is ideally suited to oversee this new phase. As chairman, I will focus on strengthening the Company's financial footing and expanding our profile within the investment community."

Investors watch this one! Kunz, who was previously chairman and chief operating officer, has taken over as president and chief executive officer from Fentiman. The role of chief operating officer has been blended into Kunz's new role. Fentiman has become chairman.

For more in-depth coverage of MidNet, visit

Prior to yesterday's news, the stock closed at $1.35 a share.

In case you are unfamiliar with the company: MidNet is the creator, owner, and operator of The Middle Network™ -- a commercial alternative to the Internet. The Middle Network provides high-speed, high-capacity private digital connectivity to companies and people, who wish to create, manage and distribute valuable intellectual properties.

Stocks showing interesting activity yesterday at the close of the regular trading day were: NASDAQ 100 TR SERIES I (NASDAQ: QQQQ) down 1.2% on 112.1 million shares traded, Microsoft Corporation (NASDAQ: MSFT) down 0.8% on 101.9 million shares traded and Sun Microsystems, Inc. (NASDAQ: SUNW) down 4.2% on 82.9 million shares traded.


"For February the PPI, Producer Price Index, rose 0.4 percent due mainly to costs from fuel. Excluding food and energy, the core PPI came in as expected at 0.1 percent. The initial news had the markets happy in the early trading session but they soon went south. Either way, money is money and things are just costing more," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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

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 40 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at 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 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 Seven Thousand and Five Hundred Dollars for coverage of MidNet, Inc. (OTC BB: MIDX), by a third party (Marketing Pros USA, Inc.), 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 holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares 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