Wall Street News Alert: Stock on the Move: Gen2Media Corporation -- December 11, 2009
December 11 2009 - 8:28AM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are:
Gen2Media Corporation (OTCBB: GTWO), Microsoft Corp (NASDAQ: MSFT),
DIRECTV, Inc. (NASDAQ: DTV) and Target Corporation (NYSE: TGT).
Yesterday, Gen2Media Corporation (OTCBB: GTWO) issued a press
release announcing that its Online Video Network is one of the
fastest growing interactive networks already reaching 10 million
viewers a month. Gen2Media is an innovative full service video
technology and production company.
The Gen2Media Online Video Network includes highly trafficked
sites such as www.Footlocker.com, www.Varsity.com, www.Hot97.com
and more. The Gen2Media Online Video Network features an impressive
client roster including Coca-Cola, Universal Hollywood, Toyota
Scion, Fox Television Network and other iconic brands, companies,
labels, movie and TV Studios. The Company's Online Video Network is
quickly dominating the online content syndication space.
Gen2media's content creation prowess and online video delivery
platform has grown the interactive network as more viewers demand
the same high quality online that they get from HD TV.
"People are embracing video on the Web with adoption rates that
outpace other online activities: 62% of adults watch video online;
90% of users 18-29 using video sharing sites; and 35% of Internet
users have viewed a TV show or movie online compared to just 16% in
2007. As a Pew report recently concluded: we're witnessing an
important moment in the evolution of Television and people's
viewing habits. Just as Netflix has brought giants like Blockbuster
to its knees; online video continues to cripple traditional TV. And
as we become more accustomed to watching viral videos, TV clips and
shows online, the familiarity with the experience shapes other
behaviors on the Web making us more willing audiences for videos
from brands, news sources, local advertisers, and more. Gen2Media
is growing dramatically in this space," notes Mary Spio,
Co-Founder/President of Gen2Media Corporation.
The stock closed yesterday at Thirty Five cents a share.
For an in-depth profile of Gen2Media, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=GTWO_121009.
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Microsoft Corp (NASDAQ: MSFT) up 0.5% on 45.9 million shares
traded. Microsoft is the worldwide leader in software, services and
solutions that help people and businesses realize their full
potential.
DIRECTV, Inc. (NASDAQ: DTV) down 0.2% on 16.1 million shares
traded. DIRECTV, Inc. is one of the world's most popular television
service to more than 18.4 million customers in the United States
and is leading the HD revolution with more than 130 HD
channels.
Target Corporation (NYSE: TGT) up 1.5% on 7.7 million shares
traded. Target is committed to providing a fun and convenient
shopping experience with access to unique and highly differentiated
products at affordable prices.
Market Commentary:
A report showed the trade deficit shrank 7.6 percent as a weak
dollar helped boost U.S. exports of goods and services to their
highest in nearly a year.
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