DALLAS, March 31, 2004 (PRIMEZONE) -- Wall Street Futures, a leading news source for small-cap investors, is closely monitoring companies that offer products and services in the homeland security space, and has identified a number of companies with sizeable, long-term government contracts as potentially attractive opportunities for aggressive investors.
Wall Street Futures believes that recent global events have contributed to an increased interest in homeland security products and services, and that companies with established public sector relationships in this area are likely to enjoy significant growth.
Two weeks ago, Wall Street Futures introduced investors to MSSI-TeleScience International, Inc. (OTCBB:MSSI), a provider of long-term medical personnel, homeland security and technology services to federal, state and local government agencies as well as the private sector. MSSI is a participant in a $1 billion IDIQ (Indefinite Delivery Indefinite Quantity) contract with the State of Pennsylvania for homeland security equipment and currently is seeking other, similar government contracts.
MSSI recently announced plans to expand its sales and marketing of homeland security products and services through a new partnership with Silver Star Technologies, Inc. (SST), a marketer and distributor of equipment used in protection services. The agreement covers joint marketing and distribution of personal protection equipment, decontamination units, medical equipment and telemedicine services.
Wall Street Futures' homeland security "stocks to watch" also include OSI Systems (Nasdaq:OSIS), a manufacturer of security and inspection systems; L-3 Communications Holdings (NYSE:LLL) a supplier of Intelligence, Surveillance and Reconnaissance (ISR) products; Strategic Diagnostics (Nasdaq:SDIX) a developer of test kits for food safety and water quality; Viisage (Nasdaq:VISG), a supplier of advanced technology identity solutions for the public and private sectors; CompuDyne Corp. (Nasdaq:CDCY), a leader in sophisticated security products; and Identix Incorporated (Nasdaq:IDNX), a leading multi-biometrics technology company.
Many of these companies finished higher than their previous close when trading ended yesterday. MSSI shares closed yesterday at $0.21, up 75 percent in six days of trading on volume that was substantially higher than the company's average. It is one of the companies that aggressive investors may want to continue considering in this space.
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