Wall Street News Alert: Stocks on the Move for Wednesday! March 28, 2007 8:43 am ET
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.
WESTON, FL–(rushprnews) March 28, 2007 — Wall Street News Alert’s “stocks to watch” this morning are: SUN Sports & Entertainment Inc. (Other OTC:SSPE.PK – News), Nortel (NYSE:NT – News), Qwest Communications International Inc (NYSE:Q – News) and QUALCOMM Incorporated (NasdaqGS:QCOM – News).Good news for SUN Sports & Entertainment Inc. (Other OTC:SSPE.PK – News) investors! Yesterday after the stock markets closed, the company (which began trading March 7th) issued a press release announcing that it has been rated “Speculative Buy” with a target price of $0.90 by Beacon Equity Research Analyst, Lisa Springer, CFA.
In the report, the analyst writes, “Sun Management Group Inc. is a professionally managed sports and entertainment company headquartered in Dallas. The Company owns two entities, Art of War (www.artofwarlive.com) and International Fighters Association (www.ifapro.com) both of which are awaiting trademark approval. Sun organizes mixed martial arts competitions and delivers exciting high-energy mixed martial arts and boxing events to millions of viewers across the globe via cable and satellite television. The Company has put together a series of mixed martial arts events that are scheduled for production in 2007 and will be broadcast across selected international markets. These events can be viewed on HD Net, Pay-Per-View and a variety of other platforms.
The Company produces and promotes international sports events focusing particularly on combat sports such as mixed martial arts. The “Art of War” events promoted by the Company feature highly ranked martial artists who compete for the prestigious World Championship Belt. The Company also produces events that are ranked by the International Fighters Association (IFA), a non-profit organization.”
Watch this company. Sun’s first “Art of War” was a huge success for the company, generating approximate gross revenue of $500,000. This was a combination of Live Gate, Sponsors, Merchandise and Media. The Company also stated that it had approximate net profit of $150,000.
On Friday, the company announced that “Art of War – II” will take place at the Austin Convention Center (Austin, Texas) on Friday, May 11th, 2007.
HDNet will broadcast “Art of War – II.” HDNet also produced and aired the world premiere event for “Art of War” in Dallas.
Wall Street News Alert continues to place Aggressive Investors on alert to monitor the progress and the results of SUN Sports & Entertainment! Just how big is the sport of MMA? Consider this; the nationwide MMA market is estimated to be $1 billion with one primary player in the space, which is privately held and controlled by UFC. Furthermore, it was announced yesterday that the majority owners of Ultimate Fighting Championship have agreed to buy their biggest mixed martial arts rival, Pride Fighting Championships. Lorenzo Fertitta, one of UFC’s majority owners, stated, “This is really going to change the face of MMA. Literally creating a sport that could be as big around the world as soccer. I liken it somewhat to when the NFC and AFC came together to create the NFL.”
SSPE stock closed Tuesday at Thirty-Five cents a share.
For Wall Street News Alert’s updated and in-depth profile of SUN Sports & Entertainment, visit http://www.wallstreetnewsalert.com/SSPE032707
To view all of Wall Street News Alert’s special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.
Nortel (NYSE:NT – News) up 2.3% on 17.8 million shares traded. Nortel is a recognized leader in delivering communications capabilities that make the promise of Business Made Simple a reality for our customers.
Qwest Communications International Inc (NYSE:Q – News) up 0.1% on 16.3 million shares traded. Qwest offers a unique and powerful combination of voice and data solutions for businesses, government agencies and consumers — locally and throughout the country.
QUALCOMM Incorporated (NasdaqGS:QCOM – News) up 0.5% on 12.3 million shares traded. QUALCOMM Incorporated is a leader in developing and delivering innovative digital wireless communications products and services based on CDMA and other advanced technologies.
“In housing, Lennar said first-quarter earnings were off by 73% from the previous year; also, they will be redoing the 2007 forecast. The Federal Reserve said that the sub prime mortgage worries will be around for 1-2 more years, mainly due to those adjustable rates that are now coming due,” stated Sonja Rudd in Wall Street News Alert’s daily commentary continued at: http://www.WallStreetNewsAlert.com.
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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. WSCF has been compensated Thirty-Two Thousand Dollars by Dan Starczewski Consulting and Twenty-Five Thousand Dollars by Emerging Market Consultants, both of whom are non-affiliated and may hold a significant position in the stock, for coverage of SUN Sports & Entertainment Inc. (Other OTC:SSPE.PK – News) and for services provided including dissemination of company information in this release. WSCF has also purchased, in a private placement/transaction, One Million and One Hundred and Twelve Thousand and One Hundred and Nine shares of SUN Sports & Entertainment Inc., (Other OTC:SSPE.PK – News) stock. WSCF will receive Ninety-Two Thousand Six Hundred and Seventy-Six thousand shares a month beginning in March and ending in February 2008. WSCF has sold Two Thousand and Five Hundred of those shares, as of this release, and intends to continue selling its shares as this release is being circulated. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client’s 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.
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