Market Update
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kreyes91 at yahoo.com
Thu Jun 7 19:54:52 PDT 2001
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Market Update
3:30PM: Market is holding steady with the blue chip indices maintaining
their ground in positive territory while the Nasdaq trades comfortably
above the unchanged level... All in all, it has been an admirable
performance by the market to this point, but it would be even more so if
the financial stocks were in a more participatory mood and if the volume
was on the heavy side...
Nonetheless, the notable lack of concerted selling interest in the face of
disappointing sales reports from the retailers, and the not-so-impressive
earnings guidance from the semiconductor sector, does speak to the market's
underlying bullish bias... NYSE Adv/Dec 1495/1526, Nasdaq Adv/Dec 1970/1755
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Profile - IMPCO Technologies, Inc. (NasdaqNM:IMCO)
(Alternative Fuel)
IMPCO Technologies, Inc. designs, manufactures and supplies advanced fuel
delivery and storage technology systems and components. These products are
designed to allow internal combustion engines and fuel cell systems to
operate in a variety of transportation, material handling and industrial
and power generation applications using clean fuels such as hydrogen,
propane, natural gas and methanol. These systems maximize efficiency and
performance by electronically sensing and regulating the proper proportion
of fuel and air used by internal combustion engines and fuel cells. The
Company classifies its business into three operating segments that target
specific markets and specific customer bases. The Automotive OEM division
targets automotive original equipment manufacturers (OEMs). The Gaseous
Fuel Products division and its International Operations segment target the
material handling, industrial and power generation OEMs and aftermarkets,
and the transportation aftermarkets.
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Monday June 4, 3:45 pm Eastern Time
Press Release
SOURCE: Visual Data Corporation
Visual Data To Proceed with Acquisition of Remaining 49% of its Ednet
Subsidiary
POMPANO BEACH, Fla., June 4 /PRNewswire/ -- Visual Data Corporation
(Nasdaq: VDAT - news), a media company specializing in the production and
distribution of video and audio for broadband, narrowband and wireless
applications, today reported the signing of a merger agreement that
specifies the terms under which the Company will acquire the remaining 49%
of its subsidiary, Entertainment Digital Network, Inc. (Ednet) (OTC
Bulletin Board: EDNT - news).
Both the Board of Directors of Visual Data and the Board of Directors of
Ednet have approved revised acquisition terms that provide for holders of
Ednet capital stock to receive 1 (one) share of Visual Data common stock in
exchange for every 10 (ten) shares of the capital stock of Ednet.
Additionally, every 10 (ten) Ednet outstanding options or warrants will be
converted into 1 (one) option or warrant of Visual Data. The transaction is
subject to the approval of Ednet's shareholders.
About Ednet
Entertainment Digital Network, Inc. (http://www.ednet.net) develops and
markets integrated systems for the delivery, storage, and management of
professional quality digital communications for media-based applications,
including audio and video production, for the U.S. entertainment,
advertising, newsroom and public relations industries. Ednet also produces
live audio and video streaming broadcasts over the Internet and provides
digital communication lines for transporting the media back to its servers
and distribution partners for live streaming over the Internet.
About Visual Data Corporation
Visual Data Corporation is a leading full service broadband media company
that enables businesses to market their products through various channels
including print, television and the Internet. Visual Data's extensive video
libraries and media offerings (http://www.vdat.com) cover a wide range of
topics, including travel, golf, leisure activities, medicine and healthcare
and business, corporate and financial information.
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