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Wall Street News Alert: LTDN Is on the Move! February 12, 200713 February 2007
Wall Street News Alert's "stocks to watch" this morning are: Latitude Industries Inc. (PINKSHEETS: LTDN), Blue Coat® Systems, Inc. (NASDAQ: BCSI), General Motors Corp. (NYSE: GM) and Shutterfly, Inc. (NASDAQ: SFLY).
There's great news out on Latitude Industries Inc. (PINKSHEETS: LTDN). The company, a manufacturer of Sports Fisherman and Center Console boats in Florida, issued a press release Friday after the markets closed, announcing a major milestone accomplishment.
In a statement from Carolina Hernandez, President and CEO of Latitude Industries, Mrs. Hernandez said, "These are exciting times for our company. As we embark on the launch of our new and re-design 26 SS Offshore Center Console and the all new 33 Super Sports, with the completion of both boats ahead of schedule and ready to show at major Boat Shows around the nation. Having both boats completed before the ending of the First Quarter of 2007 gives us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enabled us to begin marketing and sales of both models in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approximately $4 million in revenues."
This is great news! Wall Street News Alert initiated coverage of the company late last year. In 2006, Latitude Industries agreed to build more than 40 patrol boats for U.S. Homeland Security on behalf of Midnight Express Boats. Recognizing Latitude Industries' exceptional product, the Organization of Eastern Caribbean States invited the company to submit a bid, in November 2007, for two high-speed patrol boats for the island of St. Lucie. Latitude Industries' durable, high-powered boats position the company as a leader in the homeland security market.
Continue to watch this company. Latitude Powerboats has been in business since 1998; manufacturing Offshore boats from 26 to 51 feet for big names like Midnight Express, Apache Powerboats, Newtech Marine, and Cigarette Powerboats.
Prior to the news hitting the wires, the stock closed Friday at Twenty cents a share.
For an in-depth profile of Latitude Industries, visit http://www.thenewssvc.com/LTDN021107.html
To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.
Through the unique fusion of technology and craftsmanship, Latitude utilizes the most advanced composite material and epoxies in the market to distance itself from the ordinary lamination that the rest of the industry uses.
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The company's strength lies in the fifty (50) plus years of hands-on experience that the principals and the skillful craftsmen that run its plant bring. Together with the close ties that the company has developed through the years with direct lenders and Government contracts with over forty (40) boats built for Homeland Security to patrol our national and international interest, the company proudly states that it is ready to excel and conquer this present and future market.
Blue Coat® Systems, Inc. (NASDAQ: BCSI) up 10.9% on 1.1 million shares traded. Blue Coat secures Web communications and accelerates business applications across the distributed enterprise.
General Motors Corp. (NYSE: GM) up 6.5% on 28.6 million shares traded. General Motors Corp. is the world's largest automaker, has been the global industry sales leader for 75 years.
Shutterfly, Inc. (NASDAQ: SFLY) up 11.7% on 3.2 million shares traded. Shutterfly, Inc. is an Internet-based social expression and personal publishing service.
Market Commentary:
"Gold prices jumped to a six-month high Friday on the New York Mercantile Exchange as crude oil's break through the $60 mark sparked a round of fund buying," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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*** It has come to the attention of Wall Street News Alert (WSNA), that various persons or companies distribute faxes bearing similar names to Wall Street News Alert. Wall Street News Alert is not affiliated with faxes bearing names such as: Wall Street Stock Alert, Wall Street Investor Alert, Wall Street News Alert or any other fax using various combinations of the generic words Wall Street.***
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand. WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For present services, WSCF has been compensated a total of Fifteen Thousand Dollars in 2007 for coverage of Latitude Industries Inc. (PINKSHEETS: LTDN), by a third party (Company Reporter), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. In 2006, WSCF was compensated Two Hundred and Fifty Thousand shares of Latitude Powerboats, Inc. (PINKSHEETS: LTDN), by a third party (Star Consulting LLC). WSCF no longer holds any shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "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 and such forward-looking
statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.
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SOURCE: Wall Street News Alert
Source: marketwire
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