SOURCE: Wall Street News Alert
|
December 18, 2009 08:27 ET
Wall Street News Alert: Stock on the Move: Gen2Media Corporation - December 18, 2009
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL--(Marketwire - December 18, 2009) - Wall Street News Alert's "stocks to watch" this
morning are: Gen2Media Corporation (OTCBB: GTWO), Yahoo! Inc. (NASDAQ: YHOO), Viacom Inc. (NYSE: VIA) and Weatherford International Ltd. (NYSE: WFT).
Yesterday, Gen2Media Corporation (OTCBB: GTWO) issued a press release
announcing that recent launch of the brand new Cheer & Dance Competitions
section of Varsity TV on Varsity.com using the Version 2 release of
Gen2Media's Online Video Platform. Gen2Media is an innovative full service
video technology and production company.
The national sponsors onboard for 2010 will be joining the likes of
Universal Hollywood, music labels, and other companies who are looking for
ways to reach influential teens and college age consumers. Forrester
Research has found that more than 60% of teens ages 15 to 17 will remain
with their bank after they graduate from high school and recommend that
bank to friends. This and other studies make the teenage group the perfect
audience for any company looking to create loyal lifetime customers, and
the best brands to advertise on Varsity TV.
Since the launch of the Competitions page on Varsity.com, some single
channels have seen more than 125,000 views in a single day, making the site
on track to exceed 3.3 million monthly views.
Last week, the company reported that its Online Video Network is one of the
fastest growing interactive networks already reaching 10 million viewers a
month. The Gen2Media Online Video Network includes highly trafficked sites
such as www.Footlocker.com, www.Varsity.com, www.Hot97.com and more. The
Gen2Media Online Video Network features an impressive client roster
including Coca-Cola, Universal Hollywood, Toyota Scion, Fox Television
Network and other iconic brands, companies, labels, movie and TV Studios.
The Company's Online Video Network is quickly dominating the online content
syndication space. Gen2media's content creation prowess and online video
delivery platform has grown the interactive network as more viewers demand
the same high quality online that they get from HD TV.
The stock closed yesterday at Thirty Four cents a share.
For an in-depth profile of Gen2Media, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GTWO_121709.
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Yahoo! Inc. (NASDAQ: YHOO) up 0.1% on 26.1 million shares traded.
Yahoo! Inc. is a leading global consumer brand and one of the most
trafficked Internet destinations worldwide.
Viacom Inc. (NYSE: VIA) down 1.5% on 25,000 shares traded.
Viacom, consisting of BET Networks, MTV Networks and Paramount Pictures, is
the world's leading entertainment content company.
Weatherford International Ltd. (NYSE: WFT) up 2% on 17.2 million shares
traded.
Weatherford is a Swiss-based, multi-national oilfield service company.
Market Commentary:
The dollar climbed to a three-month high against the euro, leading to an
almost $30 drop in gold prices.
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