SOURCE: eLocity Inc.

April 12, 2006 07:20 ET

Wednesday, April 12th Stock Trading Alert

NOTE TO EDITORS: The Following is an Investment Opinion Being Issued by eLocity Inc.

SARASOTA, FL -- (MARKET WIRE) -- April 12, 2006 -- eLocity's stocks to watch for today are -- Asante Networks Inc. (OTC: ASTN), Plug Power Inc. (NASDAQ: PLUG), Avanex Corporation (NASDAQ: AVNX), Medical Makeover Corporation of America (OTC BB: MMAM).

Investors will want to watch Asante Networks Inc. (OTC: ASTN), a leading networking solutions provider for the small-medium business market. Asante designs, markets, and sells a full line of networking solutions providing high-performance, reliable, and value-based solutions. Tuesday, after the closing bell, the company announced that it has released the "IntraCore 38480," its most advanced, state-of-the-art 2-chip switch solution. With fully proven network performance, Asante said the IntraCore 38480 provides no frame loss and full-wire speed with minimized latency.

John Hwang, CEO of Asante Networks, said that the company expects high demand from their customers for this new product, which replaces the IntraCore 36480, and said it will provide better performance at more competitive prices. "The IntraCore 38480 will be a major revenue producer in the second half of 2006," Hwang added, "a must-have item for school and government networks."

The introductory retail price for the IntraCore 38480 is approximately $3,599, the company said, with shipments planned for the second quarter of 2006.

Asante Networks, Inc. (OTC: ASTN) is currently trading at around 72 cents a share.

Other stocks to watch:

Plug Power Inc. (NASDAQ: PLUG) announced Tuesday that Russian investment firm, Interros, and nickel and palladium producer, Norilsk Nickel, have entered into a definitive agreement to make a $217 million cash investment in Plug Power through a joint venture named Smart Hydrogen.

PLUG closed Tuesday's regular trading session at $5.98.

Avanex Corporation (NASDAQ: AVNX) announced Tuesday that the company has introduced PureGain 400, described by the company as the industry's thinnest erbium doped fiber amplifier module at only 7.5 mm in thickness, and said it is designed to work within the stringent space constraints found in transponder and line card applications.

AVNX closed Tuesday's regular trading session at $2.86.

Medical Makeover Corporation of America (OTC BB: MMAM) announced Tuesday that the company's Products Division has reached an agreement to commence marketing and distributing an anti-aging and skin rejuvenating product from California based Fox Formulations.

MMAM closed Tuesday's trading session at $0.048.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for this service for ASTN (Public Company). The compensation is twelve hundred dollars from a non-affiliated third party, Equity Alliance, Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute 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.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    Thomas Clay