Published: September 02, 2004
Stock Market Alerts for Thursday! September 2, 2004, Part 2

Wall Street News Alert's "stocks to watch" this
morning are: Care Concepts I, Inc. , Exxon Mobil Corporation
, Motorola Inc. and Time Warner Inc. .
Aggressive investors and traders will certainly want to take a look at Care
Concepts I, Inc. this morning! Recently, the company issued a
press release announcing it has completed the previously announced
acquisition of 100% of Media Billing, LLC and Internet Billing Company®
(collectively "iBill") from Penthouse International!
iBill provides online payment technologies enabling the purchase and sale
of content and other downloadable services over the Internet. iBill was
established in 1996 and has generated positive operating income since
inception.
This could be the news investors have been waiting for! According to the
press release, iBill was established in 1996 and has generated positive
operating income since inception. More than 27.0 million online consumers
have used iBill to make purchases online. In 2003, iBill averaged 1.2
million transactions per month and completed approximately $330.0 million
in online purchases representing un-audited fee income of approximately
$45.1 million.
"Similar to the combination of PayPal and eBay, the acquisition of iBill
provides our auction operations with an exciting strategic solution to
vertically integrate online payment services into our iBidusa.com auction
environment," said Gary Spaniak, Jr., Care Concept's President. "This
transaction is an important milestone for Care Concepts shareholders,
dramatically increasing our revenues and growth opportunities."
Investors watch this one! The company also announced its infrastructure
will be expanded to include iBill's 50,000 square foot headquarters and
data center in Deerfield Beach, Florida where it employs approximately 200
people. Care Concepts intends to consolidate its Pompano Beach Florida
radio and online auction operations into the iBill facility.
Pursuant to an amendment to the Agreement, Care Concepts has the option to
rescind the transaction if iBill's audited financials statements, as
compared to the unaudited financial statements delivered in connection with
the transaction, show any material misrepresentation or if certain American
Stock Exchange approvals are not obtained.
The stock closed yesterday at around $6.12 a share.
About the companies involved: Care Concepts I, Inc. is a media and
marketing holding company with assets including: Foster Sports, Inc., a
sports-oriented, multi-media company that produces sports radio talk shows;
and iBidUSA.com, a popular website which showcases products and services in
an auction format starting with an opening bid of about 30% of the retail
value. The company actively and regularly pursues additional acquisition
opportunities to enhance its portfolio holdings.
Internet Billing Company (iBill) sells access to online services and other
downloadable products (music, games, videos, personals, etc.) to consumers
through proprietary web-based payment applications. The iBill online
payments systems manage transaction authorization on the global financial
networks such as Visa® and MasterCard® and simultaneously provide
password management controls for the life of the subscribing consumer.
On-demand CRM (Customer Relationship Management) applications are provided
to registered independent merchants, typically small and medium-sized
businesses seeking a cost-effective technology platform to outsource
non-core banking and finance functions. Since 1996, iBill has established a
trusted brand with consumers and online businesses with 27 million
customers in 38 countries.
Stocks showing interesting activity yesterday at the close of the regular
trading day were: Exxon Mobil Corporation up .07% on 11.4
million shares traded, Motorola Inc. up 0.6% on 8.1 million
shares traded and Time Warner Inc. down 1.1% on 9.5 million
shares traded.
Commentary:
"Expansion in the U.S. factory sector slowed in August as higher costs for
energy and raw materials squeezed manufacturers, a report showed on
Wednesday, but analysts said growth remained relatively robust. The
Institute for Supply Management said its index of national manufacturing
activity fell to 59.0 in August, the lowest since October 2003, from 62.0
in July," stated Mario Cardenas in Wall Street News Alert's daily
commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the
WSNA home page. The alert service is designed to notify investors of
undervalued and often overlooked stocks. Subscribers are introduced to
Special Situation companies that have the potential of showing increased
activity. The Wall Street News Alert home page has experienced over 20
million hits. To subscribe to this free service, visit the Wall Street News
Alert home page at http://www.wallstreetnewsalert.com and select the "join
now" button.
*** Wall Street News Alert is not affiliated with faxes bearing the names
Wall Street Stock Alert or Wall Street News Alert!***
Wall Street News Alert is a division of Wall Street Capital Funding LLC
(WSCF). 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. ,
by a third party (Robert Angel Enterprises), who is non-affiliated and may
hold a significant position in the stock, for services provided including
dissemination of company information in this release. WSCF holds no shares
of the stock. WSCF may receive shares for extension of its services. Any
shares will be disclosed at such time that WSCF is aware of a clients
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. Market commentary provided by Sonja Rudd.
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.
Copyright © 2012, MarketWire
Copyright © 2012, NewsBlaze,
Daily News