WESTON, Fla., April 29, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Universal Detection Technology (OTCBB:UDTT), PHAZAR CORP. (Nasdaq:ANTP), i2 Technologies Inc. (Other OTC:ITWO) and MedSource Technologies I (Nasdaq:MEDT).
Aggressive investors and traders will want to check out Universal Detection Technology (OTCBB:UDTT) this morning! Yesterday after the markets closed, the company issued a press release announcing that it will attend the Rodman & Renshaw Techvest Global Healthcare Conference in London during May 12-14, 2004.
Attendance at the conference could be big news for investors, as it draws attention to the company's product! The Rodman & Renshaw Techvest Global Healthcare Conference will be held at the Claridge's Hotel and will feature topics ranging from infectious diseases and therapeutic vaccines to specialty pharmaceuticals and medical devices. The event will bring together companies, institutional and venture capitalists, and senior corporate executives as well as experts from the scientific and medical communities.
UDTT is sending the principals of the company: CEO and President Jacques Tizabi, Amir Ettehadieh, Director of Research and Development, Dr. Leonard Makowka, Chief Scientific Advisor and Dr. Adrian Ponce, Senior Staff Technical Member at NASA's Jet Propulsion Laboratory. Amongst other topics, the Company and Dr. Ponce will be discussing the progress on the development of the Bacterial Spore Detection Device as well as its recently announced collaboration agreement and grant from Rutgers University. "We're looking forward to presenting to the European community," said Jacques Tizabi, the Company's President and CEO.
The stock closed yesterday at Eighty-Five cents a share.
In case you are not familiar with the company: Universal Detection Technology (www.udetection.com) was founded in 1973 and is a developer of monitoring technologies, including bio-terrorism detection devices. UDTT's technology, together with third party technologies and devices, position the Company to capitalize on growth and value opportunities. Universal Detection Technology recently entered into an agreement with NASA's Jet Propulsion Laboratory (JPL) to mutually develop a commercially available anthrax "smoke" detector, which will combine the JPL spore detection technology with UDTT's aerosol capture device. The partnership with UDTT was accomplished through the Technology Affiliates Program, one of many Commercial Technology Programs aimed at transferring JPL's knowledge to the private sector for broad public use.
Stocks showing interesting activity yesterday were: PHAZAR CORP. (Nasdaq:ANTP) up 64% on 1 million shares traded, i2 Technologies Inc. (Other OTC:ITWO) up 18.3% on 8.9 million shares traded and MedSource Technologies I (Nasdaq:MEDT) up 15.9% on 6.9 million shares traded. Commentary: "Europe is still pondering Chairman Greenspan's comments from last week and hence a strengthening of the dollar. This according to international experts, where he claimed that an increase is possible in the interest rates, the dollar had some strengthening against the Euro," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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