EXBV Is Tuesday’s Stock to Watch
Published May 23rd, 2007
Wall Street News Alert’s “stocks to watch” this morning are: ExchangeBlvd.com Inc. (PINKSHEETS: EXBV), Alltel Corporation (NYSE: AT), SIRIUS Satellite Radio (NASDAQ: SIRI) and eBay Incorporated (NASDAQ: EBAY).
ExchangeBlvd.com, Inc. (PINKSHEETS: EXBV) is another new stock to put on your radar and watch as Wall Street News Alert initiates coverage of the company. Monday after the markets closed, the company, parent company of GolfExchange.com, GolfClubDemo.com, and GolfBlueBook.com, issued a press release reporting a significant increase in trade-ins through its blue book site.
GolfBlueBook.com has experienced rapid growth in both traffic and trade-ins performed by golfers and retailers alike since its launch in January of 2007. Total trade-ins for May are trending more than 200% above April.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of ExchangeBlvd.com, Inc.! Larry Tedesco, CEO of ExchangeBlvd.com, stated, “We are pleased with the growth that GolfBlueBook.com has seen this golf season. This validates the online trade-in process and opportunity that exists within this and other markets.”
GolfBlueBook.com provides users with an unprecedented golf trade-in resource that brings together the top golf equipment wholesalers and allows them to bid on consumers’ equipment in one convenient marketplace. Real-time pricing, technology, and ease of use have been proven extremely effective in driving both trade-ins and new golf club purchases. The trade-in application is a valuable tool that ExchangeBlvd.com will utilize in other markets.
Continue to watch this company. Last week, the company announced that its demo reservations have grown over 300% compared to the same time period last year. According to the press release, part of the growth is attributed to the launch, and early adoption, of the private label program by PGA Professionals and golf shop retailers nationwide. Furthermore, last week the company also announced that it has entered into a three year agreement with PGATOUR.com, the most heavily trafficked golf specific website in the world. As part of this agreement, PGATOUR.com will be providing its users with access to GolfBlueBook.com, GolfExchange.com, and GolfClubDemo.com, as well as promoting such sites through banner advertisements and other marketing initiatives.
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