Lake Harmony, PA - NowAuto, Inc. reports (OTC: NWAU) that it runs 3 auto dealerships in Arizona and announced yesterday a signed purchase agreement to acquire Sunburst Car Company, Arizona's largest independent used car dealership. NowAuto's acquisition is an all-cash transaction. Sunburst expects annual sales in excess of $16 million in 2005 and being accretive to NowAuto. Scott Miller, CEO of NowAuto, is currently featured in an on-line interview with CEOcast, Inc. During the interview, Mr. Miller outlines the company's growth strategy, newest acquisition that makes NowAuto the largest independent dealership in Arizona, and Navicom GPS. For more information, please go to www.vlcn.com/nwau4105.htm
BEI Technologies Inc (Nasdaq: BEIQ) is trading higher on an Upgrade from Buy to Strong Buy at Harkness.
Simclar Inc (Nasdaq: SIMC), a multi-plant electronics contract manufacturer, reported its results for the year ended December 31, 2004. Revenue for 2004 was $53,582,487, up 48 percent from $36,187,105 in 2003. Slightly more than half (57.3%) of the increase in revenue was attributable to the acquisition in July of 2003 of our Mexican facility, and the balance was attributable to "organic" sales growth.
Fastclick, Inc (Nasdaq: FSTC) prices its IPO at $12, at the low end of the expected $12-$14 range. Advertisers pay Fastclick to place their Internet ads on third-party websites in its network. Fastclick's technology is dynamic in that it places ads across several sites, and determines which sites generate the most clicks. It then stops placing ads on sites that are not performing. It's been called an accelerated form of trial and error.
Toreador Resources Corp (Nasdaq: TRGL) will discuss its 2005 operations plan and the projected impact on intermediate-term reserve and operating-income growth during investor breakfasts it will host at the Howard Weil Energy Conference April 5 and 6 in New Orleans. The stock is up 13%.
Red Hat Inc (Nasdaq: RHAT) shares climbed to 9% today as the maker of open-source software posted a fourth-quarter profit that more than doubled from a year ago due to improved software subscription sales.
MarketAxess Holdings Inc (Nasdaq: MKTX) shares are 8% higher today on an Upgrade at Bear Stearns form a Peer Perform to an Outperform rating.
PSS World Medical Inc (Nasdaq: PSSI) is up 6.2% today on news that Fiscal 2006 to 2008 will have annual growth of 20%.
Cognos Inc (Nasdaq: COGN) was Upgraded today at Raymond James from an Outperform to a Strong Buy rating. The stock is up 1.7% so far today.
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Source: EmailWire.Com
