Published: August 09, 2007
Wall Street News Alert: NCII Is Thursday's Stock to Watch! August 9, 2007
Wall Street News Alert's "stocks to watch" this
morning are NATCO International Inc. (OTCBB: NCII), PMC-Sierra, Inc.
(NASDAQ: PMCS), Texas Instruments Incorporated (NYSE: TXN) and Brocade®
(NASDAQ: BRCD).
With the anticipated reverse merger with Photo Violation Technologies Corp.
on the horizon, NATCO International Inc. (OTCBB: NCII) should have
investors watching this stock closely. Yesterday, the company issued two
press releases; the first announcing that Photo Violation Technologies
Corp. (PVT), a private company that will take over NATCO pursuant to an
executed binding Letter of Agreement, is launching the debut of WiCity(TM),
which will provide free high-speed wireless Internet access to cities. The
second press release was issued after the markets closed, announcing that
the City of Niagara Falls, in cooperation with Photo Violations
Technologies, will make history again by becoming the first city to use
WiCity.
When Photo Violation installs its meters in the cities, it establishes a
citywide wireless communications network. With this, PVT created WiCity(TM)
-- free wireless Internet access within the city, which will allow users
with wireless capable devices such as PDAs or laptops to access the
Internet free of charge.
"This is just one more service -- and a free service at that -- that we're
offering the visitor as well as our residents," said Mayor Anello.
"Technology and the sharing of information moves incredibly fast and we
must keep up. We're glad to be working with Photo Violations Technologies
to make this wireless service available in our downtown," added the Mayor.
This could be great news for the company, which also previously announced
that NATCO and Photo Violation Technologies Corp. ("PVT") have agreed to
extend the termination date of the Letter of Agreement from July 16, 2007
to October 31, 2007. This will allow ample time to complete the reverse
merger. According to that press release, the amendment that was signed on
July 15, 2007, also eliminates the right to cancel this agreement by either
Natco or PVT. Natco will also loan $600,000 more above and beyond the
$2,000,000 agreed in the Letter of Agreement signed on March 16, 2007. The
extra money will help PVT continue its rapid expansion.
Wall Street News Alert continues to alert aggressive investors to watch
this NATCO closely, as Photo Violation Technologies continues to garner
attention. Here are some of the recent headlines:
-- NCII announced that Photo Violation Technologies Corp. has
successfully installed and activated its PhotoViolationMeters(TM) (PVM(TM))
in Niagara Falls' downtown core.
-- Photo Violation Wins "Best of Show" at the Worlds Biggest Parking
Trade Show.
-- NCII reported that Photo Violation Technologies has been nominated by
IBM and named a finalist for the CIOCAN (Chief Information Officer
Association of Canada) Best of IT Award. This is in addition to the
previous announcement that it has also been nominated by IBM for the
British Columbia Technology Industry Association's (BCTIA) Most Promising
Start-Up Award.
Before the news hit the wires, the stock closed Wednesday at $2.29 a share.
For Wall Street News Alert's in-depth profile of NATCO International,
visit: http://www.WallStreetNewsAlert.com/HotStocks/NCII080807/default.aspx
In case you're not familiar with the companies: Photo Violation
Technologies Corp., with subsidiaries in Europe and Asia, has developed a
patented, technologically innovative parking meter system -- the
PhotoViolationMeter(TM). It has executed a binding Letter of Agreement to
take over Natco International, Inc. once its 3-year financial audit has
been completed.
PMC-Sierra, Inc. (NASDAQ: PMCS) up 7.8% on 12.2 million shares traded.
PMC-Sierra(TM) is a leading provider of broadband communications and
storage semiconductors for metro, access, fiber to the home, wireless
infrastructure, storage, laser printers, and fiber access gateway
equipment.
Texas Instruments Incorporated (NYSE: TXN) down 0.8% on 28.5 million shares
traded.
Texas Instruments Incorporated provides innovative DSP and analog
technologies to meet our customers' real world signal processing
requirements.
Brocade® (NASDAQ: BRCD) up 8.5% on 19.1 million shares traded.
Brocade is the leading provider of networked storage solutions that help
organizations connect, share, and manage their information. Organizations
that use Brocade products and services are better able to optimize their IT
infrastructures and ensure compliant data management.
Market Commentary:
"In other economic news, the government reported wholesale inventories are
up by 0.5% in June for the second moth in a row. The Energy Department said
that crude supplies fell by 4.1 million barrels for the week ending last
Friday, but oil was down slightly to $72.40 a barrel," stated Sonja Rudd in
Wall Street News Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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