WESTON, FL -- (Marketwire) -- 07/21/10 -- Wall Street News Alert's "stocks to watch" this morning are: H & H Imports Inc. (OTCBB: HNHI), Apple Inc. (NASDAQ: AAPL), Bank of America Corp. (NYSE: BAC) and SIRIUS XM Radio (NASDAQ: SIRI).
Yesterday after the markets closed, H & H Imports Inc. (OTCBB: HNHI), which recently announced its intention to change its name to IBC Global, Inc. ("IBC"), issued a press release announcing that it has launched a 5 minute direct response television commercial, or "Newsmercial," for the T-Caps product line.
The T-Caps product, which can be viewed and purchased at www.t-caps.com, is a revolutionary combination of a baseball cap and pair of custom designed sunglasses which pursuant to its proprietary design, slide through a slit in the cap's brim. The lenses offer 100% UV protection and are made with an impact and scratch resistant polycarbonate.
While testing the effectiveness of direct response to market the product under the T-Cap logo, the Company is also currently attempting to acquire licenses to utilize the logos of a variety of professional sports franchises, the top 200 colleges and universities and various celebrities and other high profile licenses and/or brands. Additionally, several large, branded companies are negotiating to use branded versions of T-Caps for promotional and related activities.
These branded and licensed versions of the product will also be tested in direct response spots that will be designed to also drive the retail sales of the Company through various retail channels and partners, including sports equipment stores, sports stadiums, specialty stores in malls/airports, college campuses and all other channels of distribution.
The Company, under license, acquired certain exclusive marketing and manufacturing rights to the T-Cap product line, which it acquired from the inventor, T Caps International Enterprises LTD, a Canadian company (http://tcapsintl.com).
Kevin Harrington, the Company's Chairman, stated, "We are following the same proven path to bring this exceptional product to the major sports leagues and colleges (and the mass market) that prior success stories have utilized. Additionally, we have engaged consultants who have formerly served at the top levels of the professional sports leagues' licensing divisions to help guide us. We look forward to significantly expanding our marketing efforts behind the T-Cap and are putting significant effort behind acquiring professional sports, celebrities and national brand licenses and logos in addition to marketing the T-Cap line itself."
Kevin Harrington, the Company's Chairman of the Board, is widely acknowledged as a 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.
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 Twenty cents a share.
For an in-depth profile of H & H Imports, visit http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=HNHI_072010.
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Apple Inc. (NASDAQ: AAPL) up 2.5% on 38.3 million shares traded.
Apple continues to lead the industry with its award-winning computers, OS X operating system, and iLife, iWork and professional applications.
Bank of America Corp. (NYSE: BAC) up 1.1% on 180 million shares traded.
Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.
SIRIUS XM Radio (NASDAQ: SIRI) up 5.1% on 85.6 million shares traded.
SIRIUS XM Radio is America's satellite radio company delivering to subscribers commercial-free music channels, premier sports, news, talk, entertainment, and traffic and weather.
The Commerce Department said home construction fell last month to the lowest level since October. The drop was mitigated by a 2.1 percent rise in building permit applications, an indicator of future activity.
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