WESTON, FL -- (MARKET WIRE) -- 05/30/08 -- Wall Street News Alert's "stocks to watch" this morning are: Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE), CitiGroup Inc. (NYSE: C), Visa Inc. (NYSE: V) and EMC Corporation (NYSE: EMC).
Having recently reported last week, Revenues of $3.2 Million and Operational Net Profits of $108,038 in the First Quarter of 2008, Conspiracy Entertainment Holdings Inc. (OTCBB: CPYE) should, once again, have the attention of investors, as yesterday was another big day of news for the company. The company issued a press release announcing that it has entered into a publishing agreement with dtp entertainment, one of Germany's leading entertainment software publishers.
This is good news for the company! Conspiracy was selected by dtp entertainment AG to sell, market and distribute "Summer Athletics" for all major hardware platforms. Conspiracy will begin distribution in the third quarter of 2008. "Summer Athletics" is being developed by 49Games, the German development studio behind the best-selling "Winter Sports 2008: The Ultimate Challenge" for the Nintendo Wii, which was distributed by Conspiracy in Q4 2007.
Christopher Kellner, International Sales Director of dtp entertainment AG, said, "When we decided to do 'Summer Athletics' together with 49Games, we wanted to carry forward the enthusiasm and functionality that made 'Winter Sports 2008' a blockbuster release to summer sports activities. We feel we have accomplished this goal, and have teamed with an expert distributor to ensure the game receives the broadest market exposure in North America. Together, we look forward to strong product launch this summer."
Keith Tanaka, CFO of Conspiracy Entertainment, said, "This agreement provides another important alliance with one of today's leading European entertainment software publishers. Our distribution of "Wii: Winter Sports" last year quickly lead to large re-orders, and we anticipate even greater sales success for the multi-platform 'Summer Athletics' beginning in the third quarter."
This news was then followed by another press release announcing that the company has expanded its publishing agreement with RTL Games, the European video games publisher, to provide distribution, sales and marketing for eleven (11) new RTL SKUs (stock keeping units) scheduled for release in 2008/2009.
Among their 2007 collaborations, the Cologne-based RTL Games selected Conspiracy to launch the popular Nintendo Wii game "RTL Winter Sports 2008 - The Ultimate Challenge." "RTL Winter Sports 2008" was featured for weeks in the Top Ten U.S. Charts of the online portal Amazon.com, and Conspiracy quickly reported receiving large reorders for the game. "We look forward to continuing our previous success story with the upcoming release of 'Winter Sports 2' in the fourth quarter of 2008. This is one of out of eleven popular SKUs we have under agreement with RTL Games. Through partners like RTL Games, Conspiracy expects to continue to assert itself as a key player in the North American gaming market, particularly within the exploding Wii content segment," said Marco Hüsges, EVP of Conspiracy Entertainment.
And with the latest numbers in, investors are going to really want to follow the progress of this company closely! Finally, in other important news, last week the company reported its financial results for the first quarter ended March 31, 2008. (Details of the Company's quarterly results are filed and available on Form 10-QSB at http://www.sec.gov.). According to the press release, revenues for the three months ended March 31, 2008 were $3,240,866, compared to $0 for the three months ended March 31, 2007. In the first quarter of 2008, Conspiracy released five (5) new titles as well as received reorders for titles released in the second half 2007.
The stock closed Thursday at over Nine cents a share.
In case you are not familiar with the company: Conspiracy Entertainment Corporation is a developer, publisher and marketer of entertainment software in North America and Western Europe. The Company develops and licenses properties from several sources, including global entertainment and media companies and publishes software for DVD media, wireless devices, personal computers and videogame consoles, including those manufactured by Nintendo, Sony Computer Entertainment, and Microsoft Corporation. Conspiracy Entertainment was founded in 1997 and is based in Santa Monica, CA.
CitiGroup Inc. (NYSE: C) up 2% on 72.6 million shares traded. Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management.
Visa Inc. (NYSE: V) up 4% on 25.1 million shares traded. Visa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms.
EMC Corporation (NYSE: EMC) up 1.6% on 26.7 million shares traded. EMC Corporation is the world's leading developer and provider of information infrastructure technology and solutions that enable organizations of all sizes to transform the way they compete and create value from their information.
"Light, sweet crude fell $3.69 to $127.34 per barrel on the New York Mercantile Exchange after the Energy Department said unexpected declines in crude and gasoline supplies last week," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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