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Investor News
Recent Business Newswire Stories from PRnetwire™ and eNewsChannels™
Edited by Christopher Simmons, senior news editor
DVD Distributors Expecting Strong Holiday Results
RENO, NV - Dec. 19, 2003 /Send2Press Newswire/ -- AXcess News
(www.theaxcess.net) announced today that they have released a story
covering the DVD distribution industry which highlights statistics as
well as several publicly held companies who've been in the news
themselves lately.
DVD distributors are expecting the holiday sales period to show strong
results but DVD Stocks may be the best stocking stuffer yet.
IDT Corp. said it agreed to buy Anchor Bay Entertainment Group, one of
the leading independent distributors of DVDs and videos, for roughly $60
million.
Minneapolis based Navarre Corporation (NASDAQ: NAVR) completed a $12.5
million dollar private placement last week. Craig-Hallum Capital Group
LLC acted as the placement agent for the private placement. The
Partnership had provided funds for Navarre's prior acquisition of BCI
Eclipse last month.
NuTech Digital (OTC BB: NTDL) a distributor of DVD home entertainment
content, announced Friday the formation of a dedicated music division.
The new division, known as NuTech Platinum Concert Series, was developed
to capitalize on the high return on investment possible with such
products.
Growth in the DVD sector has been fueling expansion amongst the industry
with higher returns expected in the near term. IDT, which had formed
its IDT Entertainment division this year, anticipates its acquisition of
Anchor Bay to put the communications company back in the black.
Navarre Corporation, which announced the acquisition of BCI Eclipse
November 5th, stated in that announcement that the Company anticipates
that the acquisition will add $0.08 to 0.10 per share in its next fiscal
year commencing April 1, 2004.
NuTech Digital had reported earnings for the last nine months ending
September 30, 2003 of $0.05 per share compared to a loss of $0.08 for
the same period in the prior year.
To read that story, go to http://www.theaxcess.net
About AXcess News
Dubbed the "Yahoo of small cap business news" by Gordon Borrell, one of
America's leading media and research gurus, AXcess News is fast becoming
a known commodity for both the serious investor and people in general
looking for informed articles and insightful columns that appeal to a
broad spectrum of readers.
Organization Website: www.theaxcess.net
Source of News:
AXcess News
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