EarlyAlerts.com Announces Investment Opinion on Pacific Vegas Global Strategies, Inc. (OTCBB: PVEG)
Market Wire, 20050229
EarlyAlerts.com Starts Pacific Vegas Global Strategies, Inc. with a Strong Buy Rating and a price target of $3.00. Carl Parsons, CRD Number 2642216, of EarlyAlerts.com announces that PVEG earned a Gross Revenue of $30 Million in Q1 of 2003.
Internet Gaming / Gambling is one area of the Internet and E-commerce that has lived up to earlier promises. Industry analysts expect that the numbers of online gamblers will increase from 2.9 million people this year to 7.4 million gamblers in 2005, and expected to grow from $6 billion this year to $20.8 billion in 2005.
PVEG's online gaming options include a Casino, Sportsbook, and Tele Betting. PVEG is expanding its call center to offer additional languages as part of its ongoing marketing plan. Online video gaming is likely to huge get a boost this fall when Sony and Microsoft are scheduled to unveil Internet connection services for their respective PlayStation 2 and Xbox consoles.
Other active stocks yesterday were: Microsoft Corporation (NASDAQ: MSFT) up 1% to $26.07 on 89 million shares traded, Oracle Corporation (NASDAQ: ORCL) up 1% to $13.42 on 49 million shares traded and PeopleSoft Inc. (NASDAQ: PSFT) up 4% to $17.93 on 45 million shares traded.
Additional information can be located at www.pacificvegas.com.
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. EarlyAlerts accepts no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. EarlyAlerts has been hired by a third party consultant for the publication and circulation of this report. As always do your own due diligence. Our technical analysis may from time to time cause the target price to fluctuate without notice. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein.
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