WESTON, FL -- (MARKET WIRE) -- 02/10/10 --
Wall Street News Alert's "stocks to watch" this
morning are: AGR Tools, Inc. (OTCBB: AGRT), Ford Motor Company (NYSE: F),
Apple Inc. (NASDAQ: AAPL) and Lowe's Companies Inc. (NYSE: LOW).
Yesterday after the markets closed, AGR Tools, Inc. (OTCBB: AGRT) issued a
press release announcing that AGR Stone & Tools USA, Inc., with which AGR
Tools, Inc. has entered into a binding share exchange agreement, has
exceeded its recent distribution growth plans by adding five new
dealerships to its network. Starting with just 11 dealerships in 2008, the
company currently has 25 distributor locations throughout the United States
and Canada.
"Due to the overwhelming interest in our stocking dealer program, we have
experienced a rapid increase in our distribution network," noted Rock
Rutherford, the CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc.
"Each location represents what I expect will be a minimum of $150,000 in
annual sales and an average volume of $600,000 per distributor. Our goal by
the end of 2010 is to have 63 dealers in our network which will represent
an average of $37.8 million in annual sales."
Each location caters to the natural stone, concrete, building maintenance,
masonry, tile, flooring and engineered stone markets by offering superior
quality tools and excellent local customer service. "Our dealers are
strategically located throughout North America and are the catalyst to the
success of our company," added Rutherford. "By offering a full warranty on
all of our products, excellent customer service and quality consumable
tools, we are positioned to capture our goal of 25% of the diamond tooling
industry."
The stock closed yesterday at Thirty One cents a share.
For an in-depth profile of AGR Tools, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=AGRT_020810.
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Ford Motor Company (NYSE: F) up 1.6% on 83.1 million shares traded.
Ford Motor Company, a global automotive industry leader based in Dearborn,
Mich., manufactures or distributes automobiles across six continents.
Apple Inc. (NASDAQ: AAPL) up 1% on 22.6 million shares traded.
Apple continues to lead the industry in innovation with its award-winning
computers, OS X operating system and iLife and professional applications.
Lowe's Companies Inc. (NYSE: LOW) up 0.3% on 16.5 million shares traded.
Lowe's Companies, Inc. is a FORTUNE® 50 company that serves approximately
14 million customers a week at more than 1,700 home improvement stores in
the United States and Canada.
Market Commentary:
Job openings edged up to 2.5 million from 2.4 million in November, the
Labor Department said in its monthly Job Openings and Labor Turnover
Survey. At the same time, the number of unemployed workers fell 73,000 to
15.3 million.
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