Stock Alert for PEDG! March 29, 2007
Market Wire, March, 2007
Stock Market Alerts' performance stock list includes: PrimEdge, Inc. (PINKSHEETS: PEDG), ARRIS (NASDAQ: ARRS), Regal Entertainment Group (NYSE: RGC), Marvel Entertainment, Inc. (NYSE: MVL).
PrimEdge, Inc. (PINKSHEETS: PEDG) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company this morning. Yesterday, after the stock markets closed, the company issued a press release announcing that its subsidiary, Orangebox Entertainment, has completed several post-production projects for the Sci-Fi Channel, a division of the NBC Universal Television Network.
The post-production work was for Sci-Fi original movies, including "Lake Placid 2," (a sequel to "Lake Placid" (1999) and starring Cloris Leachman), "Motives 2" (starring Vivaca A. Fox), "Reign of the Gargoyles" (starring Joe Penny), and "Grendel" (starring Ben Cross). Orangebox was responsible for the complete post-production services of the movies. "Reign of the Gargoyles" will air at 9:00 PM on Thursday, March 29, 2007.
This follows a solid line of good news from the company, and should sit well with PrimEdge investors! Brian Schuster, President of PrimEdge said, "We are ecstatic that the Sci-Fi Network has chosen us to work with them in such a large capacity and on so many of their current projects. The Sci-Fi Channel is yet another major entertainment company that has proven our 'next generation' audio digital production services are in extremely high demand and continues to validated that our quality of work is becoming the new de-facto standard in digital audio post production services. We are very pleased to say that our services are so well received in the entertainment community and at such a high level. Partnering with the Sci-Fi Channel has allowed Orangebox Entertainment the perfect opportunity to showcase its next generation of digital technology in a dynamic way with all of the Sci-Fi Channel's action-packed content."
This is certainly another company for investors to watch closely!
Recently there have been several press releases issued that should excite investors. Yesterday, the company also announced that it is currently working with the editorial team for digital post production services on New Line Cinema's upcoming major theatrical release "Martian Child," staring John Cusack, Joan Cusack, Oliver Platt, and Amanda Peet. In addition, on Monday the company announced that its work on the major motion picture from Lionsgate Entertainment, titled "PRIDE" hit theatres across the country this past weekend.
The work PrimeEdge's subsidiary Orangebox Entertainment completed on this major motion release is representative of Orangebox Entertainment's greatly expanded Post Production services, which the company is currently providing to the major motion picture companies throughout the industry.
Commenting on this morning's announcement on "PRIDE," Mr. Schuster stated, "This is a giant step for Orangebox Entertainment. Orangebox Entertainment is quickly becoming recognized as a leading editorial facility delivering the highest quality of editorial work for the Major Motion Picture Studios in Hollywood."
Before the news was released, the stock closed Wednesday at $1.75 a share.
For Stock Market Alert's in-depth profile of PrimEdge, visit http://www.wallstreetenews.com/PEDG032807
PrimEdge, Inc. is a diversified holding company, owning and overseeing the operations of two majority owned subsidiaries, DigiKidz, Inc., a producer and distributor of family entertainment DVDs, and Orangebox Entertainment, Inc., a production and post production services provider to the entertainment industry. PrimEdge, Inc. seeks rapid growth through additional acquisitions and the sales and marketing by its subsidiaries of proprietary products.
Orangebox Entertainment is located in Burbank (Los Angeles), CA. Formed in 2005, it is an innovator with the intent of becoming the "next generation provider" of digital Production/Post Production services for the entertainment industry, including visual, audio and music production.
Other Stocks of interest yesterday were:
ARRIS (NASDAQ: ARRS) up 3.5% on 5.6 million shares traded. ARRIS provides broadband local access network operators with innovative optical transport, high-speed data and telephony systems for the delivery of voice, video and data to the home and business.
Regal Entertainment Group (NYSE: RGC) up 0.3% on 805,000 shares traded. Regal Entertainment Group is one of the largest motion picture exhibitors in the world.
Marvel Entertainment, Inc. (NYSE: MVL) down 2.3% on 728,000 shares traded. Marvel Entertainment, Inc. is one of the world's most prominent character-based entertainment companies.
Wall Street Enews is a Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For Their Free Service, Visit www.qualitystocks.net .
The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for PrimEdge, Inc. (PINKSHEETS: PEDG). The compensation was thirteen thousand and five hundred dollars in 2007 from third party, North Coast Advisor LLC, who is non-affiliated and may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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