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Article Excerpt
M2 PRESSWIRE-29 October 2004-Wall Street News Alert: Stock Market Stand Outs! October 29, 2004(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:10292004
Weston, FLA - Wall Street News Alert`s "stocks to watch" this Friday morning are: LocatePLUS Holdings Corporation (OTCBB: LPLHA), Foster Wheeler Ltd. (OTCBB: FWLRF), J.C. Penney Company Incorporated (NYSE: JCP), The Gillette Company (NYSE: G) and King Pharmaceuticals (NYSE: KG).
Aggressive investors and traders keep your eyes glued to LocatePLUS Holdings Corp. (OTCBB: LPLHA) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it has entered into a letter of intent with a nationwide reseller of public records information available over the Internet!
This is fantastic news for investors! LocatePLUS CEO Jon Latorella stated, "The positive impact of this channel partnership is enormous. Leveraging our partner` s established, global Internet channels and reputation in the industry, we will immediately add $6 million to our annual revenues in 2005. By substantially ramping up our channel partnership base, we are positioned to exceed our initial expectations for double-digit growth."
Latorella concluded, "We are still on track to generate $6.3 million in annual revenues and achieve profitability at year-end 2004. With the addition of this contract, and others in the pipeline, we expect to more than double annual revenues with robust increases in profitability beginning in 2005."
Investors should continue to watch this company for more great news! Earlier this month, the company announced...
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