Dark Fiber

TMCnet
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
Share

TMCNet:  U.S. Equity News: Elysium Internet Closes Biggest Domain Acquisition 
in Its History and 2008 China Sourcing Fairs in Dubai Expand 60 
Percent; Event Is The Largest China-products Exhibition in The Middle 
East

[May 29, 2008]

U.S. Equity News: Elysium Internet Closes Biggest Domain Acquisition in Its History and 2008 China Sourcing Fairs in Dubai Expand 60 Percent; Event Is The Largest China-products Exhibition in The Middle East

(M2 PressWIRE Via Acquire Media NewsEdge)
RDATE:29052008

City of Industry, CA - Internet Information Providers industry alert
provided by U.S. Equity News. Elysium Internet, Inc. (OTCBB:USBF)
(Pending name change), an emerging direct navigation Internet media
Company, announced on Thursday May 29, 2008 that it has closed the
acquisition of Pediatricians.com, Psychiatrists.com and Podiatrists.com
in a deal valued at $1 Million US. Elysium Internet Chairman and CEO
Scott Gallagher commented, "With today's domain acquisitions we have
added three of the best currently available dot com domains in the
directory space to our growing portfolio. We successfully launched
Therapists.net a short time ago. The site nearly surpassed our internal
revenue projections for the month in its first full day of operations.

Fixed mortgage rates reversed the decline seen last week, with the
average conforming 30-year fixed mortgage rate rising to 6.20 percent.
According to Bankrate.com's (NASDAQ: RATE) on Thursday May 29, 2008
weekly national survey of large lenders, the average 30-year fixed
mortgage has an average of 0.47 discount and origination points. The
average 15-year fixed rate mortgage popular for refinancing increased
to 5.80 percent, while the average jumbo 30-year fixed rate climbed to
7.38 percent. Adjustable mortgage rates were no exception, with the
average 1-year ARM moving up to 6.22 percent and the average 5/1 ARM
jumping to 5.86 percent.

Global Sources (NASDAQ: GSOL) announced on Thursday May 29, 2008 that
its three upcoming China Sourcing Fairs in Dubai will be over 60%
larger this year. The China Sourcing Fairs: Gifts & Home Products,
Electronics, and Fashion Accessories, will feature manufacturers from
Greater China. The co-located events will be held June 9-11, 2008, at
the Dubai International Convention & Exhibition Centre. Global Sources'
executive director, Sarah Benecke, said: "We are exceptionally pleased
at the commitment Greater China suppliers are making to the Middle East
and to the event this year. The China Sourcing Fairs in Dubai are now
the largest China-products exhibition in the Middle East." The China
Sourcing Fairs in Dubai serve importers and volume buyers in the Middle
East and North Africa region who seek high quality products from
competitive suppliers in Greater China. More than 7,100 buyers from 95
different countries attended last year's inaugural event.

An analyst boosted her price target on Google Inc. (NASDAQ: GOOG) on
Thursday May 29, 2008 morning in response to what she called positive
data on the Internet portal's paid clicks. Susquehanna Financial Group
analyst Marianne Wolk raised her price target on the Mountain View,
Calif., company to $635 from $600, implying she expects the stock to
rise 12 percent over Wednesday's $568.24 close. "We are optimistic that


the improvement comScore found in U.S. paid click growth rates in April
bodes well for solid domestic results in Google's second quarter," Wolk
said in a note to clients. She rates shares "Positive." Piper Jaffray
analyst Gene Munster kept a "Buy" rating. His $819 price target is one
of the highest on Wall Street currently, according to a listing from
Thomson Financial.

About U.S. Equity News

U.S. Equity News provides information, resources and news services for
investors of small-cap, micro-cap and emerging companies. U.S. Equity
News distributes RSS news feeds and a free subscription-based
newsletter available through its website at www.usequitynews.com.

U.S. Equity News is a financial news distribution service by Equity
Solutions, Inc. (www.equityirsolutions.com) that provides a platform
for public companies to disseminate important news to key Wall Street
interest such as shareholders and new investors. Equity Solutions, Inc.
can assist by providing an effective increase in the awareness of a
public company's news, development and corporate story through its
proprietary network and its financial portal. U.S. Equity News and its
affiliates charge each client cash for news distribution and may take
an equity position in the companies mentioned herein, please visit the
disclaimer at www.USEquityNews.com

CONTACT: U.S. Equity News
Tel: +1 626 961 8039
e-mail: info@usequitynews.com

((M2 Communications Ltd disclaims all liability for information
provided within M2 PressWIRE. Data supplied by named party/parties.
Further information on M2 PressWIRE can be obtained at
http://www.presswire.net on the world wide web. Inquiries to
info@m2.com)).

Copyright ? 2008 M2 Communications Ltd.

[ Back To crm.tmcnet.com's Homepage ]