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Message #137
From: FastFun
Date: January 5, 2008 08:46:26 AM

Sector Glance: Amazon Shares Rise and Internet Bidders Set Records at CA$58 Million Ritchie Bros. Auction in Edmonton

 

--(www.USEquityNews.com)-- 12/28/2007 - Business service industry alert provided by U.S. Equity News. Most online entertainment providers' shares declined recently, though Amazon.com Inc. (NASDAQ: AMZN) shares rose after the company said it added songs without copy protection from Warner Music Group to its online digital music store. Seattle-based Amazon said that the Warner Music songs, like others on Amazon MP3, are free of the copy protection software known as digital rights management, or DRM. Without DRM, songs can be played on multiple digital music players.

Verizon Wireless (NYSE: VZ), the only major carrier with a 30-day network test-drive pledge that pays for calls if a customer isn't satisfied and switches to another carrier, announced recently that it has activated two new cell sites near Griswold and in Oakland, Iowa. This network enhancement improves coverage and enables more Verizon Wireless customers living in and visiting the area to use their wireless phones to make calls; send and receive email and text, picture and video messages; and download games and ringtones while enjoying clearer reception and fewer dropped calls. Reliable service is fundamental to customer loyalty, and Verizon Wireless boasts the highest customer loyalty in the industry, as measured by the company's low percent of customer turnover.

Ritchie Bros. Auctioneers (NYSE: RBA) sold over 3,000 lots during a two-day unreserved public auction in Edmonton, Alberta, last week, generating gross auction proceeds of CA$58 million (US$57 million) - and setting new site records for online bidding and buying. The auction attracted over 3,800 registered bidders from 20 countries, including 34 U.S. states and 12 Canadian provinces and territories -including a record 1,000 people who registered to bid online, live and in real time, using the Ritchie Bros. internet bidding service rbauctionBid-Live. Almost CA$13 million (US$12 million) of equipment and other assets were sold to online bidders - another new Edmonton site record. Ritchie Bros., the world's largest industrial auctioneer, conducted the auction at its permanent auction site in Nisku (Edmonton), Alberta on December 13 & 14, 2007.

IPTV Corporation (OTC: IPTV), continues to build momentum and chooses Arqiva for DTH distribution giving IPTV Transatlantic fiber connectivity, uplinking to the UK, and access to the British Sky Broadcasting digital platform allowing the Company to operate as if it were a UK broadcaster. Arqiva is positioned as the major gateway to Europe for American broadcasters and allows IPTV to distribute its live and pre-recorded television programming from its offices in Santa Monica, California directly to the UK in a very cost efficient manner. IPTV CEO Jeff Hultman states, ``Partnering with a forward thinking technology company such as Arqiva enhances our ability to distribute our content in the UK and positions us to expand across Europe as we execute our business plans.

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.


Source: U.S. Equity News (December 28, 2007 - 11:29 AM EST)

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