Wall Street News Alert's "stocks to watch" this morning are: H
& H Imports Inc. (OTCBB: HNHI), Time Warner Inc. (NYSE: TWX),
The Walt Disney Company (NYSE: DIS) and DIRECTV (NASDAQ: DTV).
Yesterday after the markets closed, H & H Imports Inc.
(OTCBB: HNHI), a leading developer and distributor of products and
services primarily through infomercials and other direct response
channels of distribution, issued a press release announcing that
its Board of Directors and shareholders holding a majority of its
common stock have approved a change in the Company's name to IBC
Global, Inc. and that it has filed an information statement with
the S.E.C. relating to the name change.
One of the Company's subsidiaries, "Inventors Business Center,
LLC" ("IBC"), was founded to capitalize on the tremendous number of
products and product ideas that were being offered to Kevin
Harrington, the Company's Chairman, as a result of his numerous
appearances on the national network broadcast show, "Shark
Tank."
As a result of the success to date of IBC, as well as the
Company's intention to open multiple IBC offices on a global basis,
the Company shall change its name to "IBC Global, Inc." to more
accurately reflect its current business.
In addition, the Company released details of its business plan
and its Alternative Public Offering ("APO") which was accomplished
by completing its previously announced Agreement and Plan of Merger
(the "Merger Agreement") by and between H & H Imports, Inc. ("H
& H"), TV Goods Holding Corporation and a subsidiary of H &
H, pursuant to which the wholly owned subsidiary merged with TV
Goods and TV Goods continues to operate its business as a wholly
owned subsidiary of H & H.
Investors are urged to read yesterday's press release for
complete details.
Kevin Harrington, the Company's Chairman of the Board, is widely
acknowledged as the pioneer and principal architect of the
"infomercial" industry. Since producing the industry's first
infomercial in the 1980s, he has financed more than 500 product
launches resulting in sales of more than $4 billion worldwide, with
20 products reaching individual sales of over $100 million each,
and creating dozens of millionaires.
Harrington got his start in direct TV marketing with his company
Quantum International, which after merging with National Media in
1991 grew to over $500 Million in annual sales with distribution in
over 100 countries in 20 languages.
In his latest venture, Harrington is an investor on the ABC show
called "Shark Tank," in which budding entrepreneurs compete in
pitching their potentially moneymaking ideas to business experts in
hopes of securing investment financing. The show is owned by SONY
Pictures and produced by Mark Burnett.
Harrington's book, "ACT NOW!" explains how he innovatively turns
ideas into million-dollar products. It is available through Amazon
and at bookstores nationwide. Harrington is proud to have founded
two of the most important global networking associations in the
marketplace, the Entrepreneurs' Organization (EO) and the
Electronic Retailing Association (ERA). In addition, Harrington's
business was a case study that was chronicled and taught for over
12 years at Harvard/MIT, called "The Rise, The Fall and The Rise of
Quantum International."
The stock closed yesterday at Fifty cents a share.
For an in-depth profile of Expert Group, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=HNHI_070710.
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Time Warner Inc. (NYSE: TWX) up 3.1% on 13 million shares
traded.
Time Warner Inc., a global leader in media and entertainment
with businesses in television networks, filmed entertainment and
publishing, uses its industry-leading operating scale and brands to
create, package and deliver high-quality content worldwide through
multiple distribution outlets.
The Walt Disney Company (NYSE: DIS) up 4.4% on 14.3 million
shares traded.
The Walt Disney Company, together with its subsidiaries and
affiliates, is a leading diversified international family
entertainment and media enterprise with five business segments:
media networks, parks and resorts, studio entertainment, consumer
products and interactive media.
DIRECTV (NASDAQ: DTV) up 3.2% on 11.7 million shares traded.
DIRECTV is the world's most popular video service delivering
state-of-the-art technology, unmatched programming, the most
comprehensive sports packages available and industry leading
customer service to its more than 25.6 million customers in the
U.S. and Latin America.
Market Commentary:
Drivers are seeing a little relief at the pump. The national
average for a gallon of unleaded regular slipped to $2.721, down
0.3 cent from Tuesday, according to AAA, Wright Express and Oil
Price Information Service. That's 3.4 cents lower than a week
ago.
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& H Imports Inc. (OTCBB: HNHI), WSCF has been compensated
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