Wall Street News Alert -- Breaking Market News! April 30,
WESTON, Fla., April 30, 2004 (PRIMEZONE) -- Wall Street News Alert's
"stocks to watch" this morning are: Bluetorch Inc. (OTCBB:BTOR),
Marimba Incorporated (Nasdaq:MRBA), Aldila Inc. (Nasdaq:ALDA) and
Immune Response Corporation (Nasdaq:IMNR).
Aggressive investors and traders should keep their eyes on Bluetorch
Inc. (OTCBB:BTOR) this morning! Yesterday after the markets closed, the
company issued a press release announcing that it has contracted with
Pennsylvania based EK Grief & Associates as its territory sales
representative in the states of New York (inland), New Jersey,
Pennsylvania, Maryland, Delaware and West Virginia for its two
subsidiaries, Unboxed Distribution Inc. (Bluetorch(tm)) and Total
Sports Distribution Inc. (TSABrand & Airwalk(r))!
This could be good news for investors! EK Grief & Associates will cover
all of the targeted key accounts within this territory including
publicly traded Dick's Sporting Goods, Brave New World, Center City
Sports, Eastern Lines and Nauset Sports. EK Grief & Associates
presently represents Asics footwear and Duffs skate footwear.
Stewart Kawamura, National Sales Manager, said, "Not only is EK &
Associates an excellent group, EK has also has represented the Airwalk
label in the past, so this is a terrific fit for both parties. In fact
even before we finalized the agreement, retailers were phoning EK to
inquire about Airwalk apparel."
The stock closed yesterday at just over three cents a share.
In case you are not familiar with the company: Bluetorch Inc. is an
emerging extreme sports company that is rapidly establishing itself as
a one-stop shop in the extreme sports industry with a multi-branded
portfolio. Bluetorch Inc. presently markets and wholesales Bluetorch,
TSABrand and Airwalk branded apparel. Beyond apparel, the Company's
goal is to translate the Bluetorch name into a complete lifestyle
company focusing on an eclectic array of products for the core extreme
sports enthusiast. The Bluetorch apparel line is targeted to core
extreme sports and specialty shops. The TSABrand apparel line, after
over ten years of distribution in the core shops, is now targeting to
expand into better department stores and sporting goods stores such as
Sports Chalet, while the Airwalk line will continue to target the
mid-tier department store and sporting goods channels through retailers
such as The Sports Authority.
The Company's management philosophy is based on establishing sound
fundamentals, which over time will produce shareholder value. The
business model is directed towards the extreme sports arena, one of the
fastest-growing segments in both the sporting goods and apparel
Stocks showing interesting activity yesterday were: Marimba Inc.
(Nasdaq:MRBA) up 65.7% on 11.8 million shares traded, Aldila Inc.
(Nasdaq:ALDA) up 44.8% on 1.3 million shares traded and Immune Response
Corp. (Nasdaq:IMNR) up 23.9% on 14.7 million shares traded.
"Europe is still pondering Chairman Greenspan's comments from last week
and hence a strengthening of the dollar. This according to
international experts, where he claimed that an increase is possible in
the interest rates, the dollar had some strengthening against the
Euro," stated Sonja Rudd in Wall Street News Alert's daily commentary
continued at: http://www.WallStreetNewsAlert.com.
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-0- Apr/30/2004 13:08 GMT
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