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OMOG -- OMDA Oil and Gas, Inc.
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COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Wall Street News Alert: Aggressive Traders Alert! October 19, 2004, Part 2
Weston, FLA., Oct 19, 2004 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert`s "stocks to watch" this morning are: Tubac Holdings, Inc. (OTC: TBAH), Gateway's (OTCBB: GAWY), Amazon.com, Inc. (NASDAQ: AMZN), Exxon Mobil Corporation (NYSE: XOM) and OMDA Oil and Gas Inc. (OTC: OMOG).
Aggressive investors and traders need to watch Tubac Holdings, Inc. (OTC: TBAH) again this morning! Yesterday, the company issued a press release announcing that it has signed a letter of intent with Hagrid Mining and Development LLC, a privately held company!
This is more great news for investors! Under the terms of the agreement, Hagrid Mining and Development has agreed to a reorganization plan by which Hagrid Mining and Development will become publicly traded. As a result of this reorganization, Hagrid Mining and Development will have access to additional capital further facilitating the development of its mining properties. All the assets, including the production contracts for gold and precious metals currently owned by Hagrid Mining and Development, will be assigned to the new company. Tubac Holdings will own approximately 20% of the new, publicly traded company.
Investors watch this company! Harold Tanner, CEO of Tubac Holdings states, "We are tremendously excited about the huge upside potential of this project and we believe this is the perfect time for us to enter the gold market. Savvy investors know, and it is important to note, that of the numerous gold companies in the world, only a very, very few actually are in production. Present gold prices, coupled with the potential asset value of these properties, could amount to millions of dollars to Tubac.
We have taken another major step in achieving our goal of becoming a globally diverse company engaged in numerous business opportunities, both directly and through our partner companies."
The company`s prior press release stated "Tubac Holdings is presently negotiating several other noteworthy alliances in other industries, including natural resources, so as to achieve its goals of diversification and enhanced revenues and assets. Finalization of the same and Press Releases are expected to be forthcoming."
The stock trades at around Thirteen cents a share.
In case you are not familiar with the company: Tubac Holdings is a holding company which offers consulting, public and private equity services. Tubac specializes in finding undervalued small cap and microcap companies with exciting products, services or technology that are poised for explosive growth. Tubac provides these companies with equity, guidance and strategic counseling to help them succeed. Tubac has taken an equity stake in several public companies, and is in negotiations with several others.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Gateway's (OTCBB: GAWY) even on 21.7 million shares traded, Amazon.com, Inc. (NASDAQ: AMZN) up 1.8% on 8.1 million shares traded, Exxon Mobil Corporation (NYSE: XOM) down .55% on 9.1 million shares traded and OMDA Oil and Gas Inc. (OTC: OMOG) up 62.6% on 112 million shares traded.
Commentary: "U.S. home builder optimism grew in October to its strongest level in 2004 on low mortgage rates and heavy traffic of potential buyers, rebounding from a decline in September, an industry report said on Monday. The National Association of Home Builders (NAHB) said its housing index, a measure of builder sentiment about sales and buyer traffic, was at 72 in October from September's downwardly revised figure of 67. An index reading above 50 indicates more builders consider sales conditions good rather than poor," Stated Mario Cardenas in Wall Street News Alert`s daily commentary continued at: http://www.WallStreetNewsAlert.com.
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The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
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 One Million shares of Tubac Holdings, Inc. (OTC: TBAH) for coverage of Tubac Holdings, by a third party (Financial Freedom Inc.), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has sold Three Hundred Thousand of those shares, as of this release. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients 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.
Market commentary provided by Mario Cardenas.
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