IT INVESTOR RECOMMENDS WIZZ!
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Welcome new readers!
We've got an update from our favorite Internet incubator firm, WSi Interactive
Corp. (WIZZF OTCBB. WIZ.CDNX).
The company announced on Tuesday it was forming a full-services media streaming
solutions company to service the broadcast markets in the United States and
Canada. The new entity, called DNS Media Inc., (www.dnsmedia.com) will provide
streaming media services for the entertainment, corporate, finance, education
and broadcast markets.
This looks good. WSi already has access to an impressive dark fiber network
capable of delivering broadband services and rich media content to key North
American markets. Now, DNS Media Inc. will launch a broadband video delivery
network through strategic relationships it is currently developing.
At its current range of $1.60 - $1.70, WSi stock is a tempting buy, the more
so because the market appears to have largely missed the potential impact
of DNS Media.
Says WSi in its press release dated April 25 -
"DNS Media Inc. makes the web move by giving their client's presentation
the power of being interactive, visual and compelling. From streaming media
production and broadband delivery, to web-design solutions, interactivity,
e-commerce and online marketing, DNS Media provides results. "
Other companies providing digital media services include: Akamai Technologies
(Nasdaq:AKAM), and Loudeye Technologies (Nasdaq:LOUD).
Meanwhile, WSi has raised another $3,440,000 Cdn by way of a private placement
comprised of shares and warrants priced at $2.50 Cdn for one year and $4.00
Cdn thereafter.
Lookin' good.
Careful out there. |
