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 http://www.sommor.com/MIDX0321.html

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.

Commentary:

"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: http://www.WallStreetNewsAlert.com.

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