WESTON, FL -- (Marketwire) -- 07/08/10 -- 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.
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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.
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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