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February
13, 2005 |
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Volume
VI, Issue 13 |
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Home Page : www.otcjournal.com
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editor@otcjournal.com
To
OTC Journal Members:
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Recent
BLOG Entries |
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So far this week there has been one
BLOG
posting- HyperDynamics was out with news today, and you can check
the BLOG for my commentary.
Simply go to the home page at www.otcjournal.com
- the BLOG will scroll down automatically on the right side of your
screen. The most current journal entries appear in the middle of your screen.
Check back frequently for updates particularly when stocks are moving to
overbought or oversold levels or in volatile markets.
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NetWork Installation
(OTC BB: NWKI): Gets High Powered Traction With Comcast |
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NWKI's newly revamped structure
is getting some high powered traction early in the year. Wednesday promises
to be a good day for shareholders.
NWKI's recent acquisition
of Com Services is already paying big dividends with the first major business
win compliments of the new subsidiary. After the market closed today, NWKI
announced
it had been awarded a significant new contract. Cable giant
Comcast
(NASDAQ: CMCSA) has awarded NWKI the build out of an infrastructure
project in the behemoth Playa Vista community project in West Los
Angeles. Visit www.playavista.com
for more information.
The Playa Vista community project
will be a state-of-the-art networked community. From start to finish, the
project encompasses approximately 15,000 buildings. Construction
is expected to continue for the next several years. This new contract has
the potential to be the largest award in NWKI's history.
Comcast has been in the news
of late as recent disclosures indicate Warren Buffet's Berkshire
Hathaway has doubled its already substantial stake in the company.
With business in the pipeline like this, one can understand why.
Our staff technician is very bullish
on the NWKI chart. You are looking at a weekly chart of the stock
from the big drop last summer. Note that even on a weekly chart covering
a number of months, the stock is still sitting on its long term uptrend
line. NWKI is in an uptrend until proven otherwise.
Lately it has been grinding sideways
on lighter volume right at Fibonacci's 61.8% retracement level from last
summer's sell off. It has pierced that level ($2.02) twice now,
and is mostly certainly going to break through again in the morning.
Our crack technical analyst believes
the third try will be the charm. He believes the stock is now definitely
poised to make a run at the old high of $2.75.
I am not convinced today's news will
put enough life in the stock to attain the $2.75 mark. However, I have
a feeling this new contract may be the medicine the doctor ordered to help
the stock challenge the old 4th Qtr. high of $2.25 which it must
get through if it is going to find $2.75.
According to the press release, Comcast
has chosen NWKI as it's networking contractor for the next year,
at which time the contract can be renewed. This could end up being a multi
year project representing potentially millions in revenue.
If NWKI can start to ink contracts
of this magnitude on a regular basis, the old high of $2.75 should definitely
come into play, with a long term target for higher levels. Based on analysts'
prediction for the Wi-Fi build out, this company should have at least two
more years of rapid growth ahead of it.
Here is the complete text of today's
news for your review:
| Press Release Source:
Network Installation Corp.
Comcast Awards Annual
Services Contract to Network Installation
Tuesday February 15,
4:05 pm ET
IRVINE, Calif., Feb 15
/PRNewswire-FirstCall/ -- Network Installation Corp. (OTC Bulletin Board:
NWKI - News) today announced that Com Services, its wholly-owned subsidiary
was awarded a contract by major cable provider Comcast to equip its customers
for high speed internet service, and voice and data communications in the
new Playa Vista Home Community located in West Los Angeles, CA. The development
encompasses approximately 15,000 buildings. The value of the contract is
undetermined at this time and can renew after one year.
Network Installation
CEO Michael Cummings stated, "I cannot overstate the importance of this
contract with Comcast. To be chosen to provide installation and deployment
of communication services for as significant a customer as Comcast and
development project as Playa Vista, truly signifies a milestone achievement
for our Company. He added, "Our presence continues to grow throughout the
industry and I believe our shareholders can look forward to similar developments
as we progress throughout the year."
About Playa Vista
Playa Vista is already
home to nearly 1,000 people and is the newest residential community to
be built in West Los Angeles in the last 50 years. The community balances
residential, commercial and retail space, creating a place to live, work
and play. Situated about a mile from the ocean, Playa Vista is nestled
below the bluffs of Westchester, adjacent to the newly restored Ballona
Freshwater Marsh and within easy reach of Santa Monica, Venice, Century
City and LAX airport.
This vibrant new community
balances critically needed housing, office space, neighborhood shopping,
parks and habitat protection on Los Angeles' Westside. At Playa Vista,
you will find a community that includes homes built for today's lifestyles
by many of the nation's leading builders. This diverse collection of residences
includes detached single-family homes, town homes, condominiums and charming
lofts-all with state-of-the-art amenities.
Playa Vista is also a
good neighbor, working to improve the surrounding areas and boost the regional
economy. Programs like PVJOBS, the Playa Vista Educational Trust, and the
"Playa Vista Presents" arts program benefit the community by creating quality
jobs, funding for local schools, and cultural events for residents and
neighbors.
Playa Vista is more than
a new place to live. It is a new community that has the charm and spirit
of a small town woven into the heart of the big city. And it offers residents
all of the conveniences of the digital world with a down-home lifestyle
where you don't have to drive to take a nice walk, and where you don't
need a town meeting to get to know your neighbors. For additional information
please visit www.playavista.com.
About Network Installation
Network Installation
Corp. provides communications solutions to the Fortune 1000, Government
Agencies, Municipalities, K-12 and Universities and Multiple Property Owners.
These solutions include the design, installation and deployment of data,
voice and video networks as well as wireless networks including Wi-Fi and
WiMax applications and integrated telecommunications solutions including
Voice over Internet Protocol (VoIP) applications. To find out more about
Network Installation Corp. (OTC Bulletin Board: NWKI - News), visit our
corporate website at www.networkinstallationcorp.net. The Company's public
financial information and filings can be viewed at www.sec.gov.
Forward Looking Statements
This release contains
forward-looking statements, including, without limitation, statements concerning
our business and possible or assumed future results of operations. Our
actual results could differ materially from those anticipated in the forward-looking
statements for many reasons including: our ability to continue as a going
concern, adverse economic changes affecting markets we serve; competition
in our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer acceptance
of wireless networks or difficulties related to our integration of the
businesses we may acquire; and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings.
Although we believe the expectations reflected in the forward-looking statements
are reasonable, they relate only to events as of the date on which the
statements are made, and our future results, levels of activity, performance
or achievements may not meet these expectations. We do not intend to update
any of the forward-looking statements after the date of this document to
conform these statements to actual results or to changes in our expectations,
except as required by law.
For further information,
please contact: Michael Novielli, Chairman, Network Installation Corp.,
mnovielli@networkinstallationcorp.net, +1-203-791-3838.
Source: Network Installation
Corp. |
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