eLocity Inc. -- Market Alert - Stocks to Watch: GENM, PDYN,
SARASOTA, Fla., Jan. 25, 2005 (PRIMEZONE) -- The following is an
investment opinion issued by eLocity Inc.: Grand Entertainment and
Music, Inc. (Pink Sheets:GENM), Paradyne Networks Inc.(Nasdaq:PDYN),
GPS Industries, Inc. (OTCBB:GPSN), Delta Petroleum Corp. (Nasdaq:DPTR)
Aggressive stock traders and investors, have a look at Grand
Entertainment and Music, Inc. (Pink Sheets:GENM), an independent music
producer that produces, promotes, markets and controls the copyrights
on music recordings in multiple formats, and produces voice-overs and
sound tracks for commercials and film. Monday after the closing bell
the company issued a press release from the MIDEM music conference in
Cannes, France, announcing the expansion of its management team with
the appointment of Franco DiMarco to head up its new Sales, Marketing
and Promotions Department.
Grand Entertainment and Music said that Mr. DiMarco, whose most recent
position was in the Audio Sales and Special Markets Department of Zanin
CD/DVD, brings to GENM over 25 years of experience in the distribution,
sales and marketing and promotion segments of the music industry, and
is a definite asset to the Company. DiMarco's employment background
includes positions in the sales and promotions departments of several
leading firms in the music industry such as B.M.G. Music Canada Inc.
and Polygram Canada Inc. His duties included developing and maintaining
national and international audio accounts and conducting all events
planning and promotion strategies for key audio accounts.
As head of GENM's Sales, Marketing and Promotions Department, the
company said that Mr. DiMarco's duties will include the creation and
development of new marketing and promotion plans for the existing and
new GENM catalogue as well as GENM's new talent roster, along with
sharing responsibilities of the A&R (Artists and Repertoire) and
Production Department with CEO Fred Berlin and Vice-President of
Production Peter Stocola.
Mr. DiMarco stated: "I am pleased to accept this appointment at MIDEM
in front of the entire music industry. I am happy to join the GEM
family and I am looking forward to a long and prosperous relationship
with the company. Thanks to our healthy repertoire and the new
marketing and promotion programs I will institute, I am confident that
I will be able to increase the sales and talent roster of GENM
dramatically. As well, I am also looking forward to my new A&R and
Fred Berlin, Grand Entertainment and Music CEO, stated: "I am proud to
welcome Franco DiMarco to the GENM family. With the appointment of Mr.
DiMarco, we are looking forward to a fresh and dynamic year."
GENM (Pink Sheets: GENM) is currently trading at around $0.0015.
Other stocks of interest:
Paradyne Networks Inc.(Nasdaq:PDYN)
Monday, Paradyne Networks, Inc. reported fourth quarter non-GAAP
earnings of $0.4 million or $0.01 per share, compared to a net loss of
$1.06 million or $0.02 per share registered in the same quarter last
quarter. Net revenues for the quarter were $28.6 million, compared to
$22.17 million in the prior year period, the company stated.
PDYN closed Monday's regular trading session at $3.129 on volume of
over 1.6 million shares.
GPS Industries, Inc. (OTCBB:GPSN)
Wi-Fi wireless and GPS-enabled multimedia communications and management
solutions company for golf facilities and residential communities, GPS
Industries, Inc., announced Monday that GPS golf industry veteran,
Kevin Carpenter, has joined their team as Director of Key Accounts and
Corporate Sales. The company stated that Carpenter is the fourth GPS
golf industry veteran to join the team in less than six months, which
brings a combined total of more than 30 years experience in GPS
technology sales to GPSI, the company said.
GPSN closed Monday's trading session at $0.15 on volume of over 1.4
Delta Petroleum Corp. (Nasdaq:DPTR)
Delta Petroleum Corp. announced Monday that it estimates its production
for the quarter ended December 31, 2004 to be approximately 3.3 BCFE,
not significantly higher than the production achieved during the
previous fiscal quarter. On Friday the company closed on the
acquisition of certain producing properties from unaffiliated privately
held Texas Corporation, Manti Resources Inc. The initially disclosed
purchase price of $62.8 million in cash was reduced to a final amount
of $60.4 million after downward adjustments related to net revenue.
DPTR closed Monday's regular trading session at $13.67 on volume of
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-0- Jan/25/2005 13:15 GMT
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