WESTON, Fla., April 13, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Southwestern Medical Solutions Incorporated (Pink Sheets:SWNM), Genesis HealthCare Corporation (Nasdaq:GHCI), Citigroup Inc. (NYSE:C) and Applied Materials, Inc. (Nasdaq:AMAT).
Aggressive investors and day traders should be watching Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) this morning! Yesterday after the markets closed, the company issued a press release announcing that building of the prototypes for its Stage 2 proprietary Labguard(tm) health screening system has been completed ahead of schedule and that clinical testing through the company's network of assigned independent medical testing laboratories is to commence immediately.
This could be the type of news investors have been looking for! According to the company's press release, the results of preliminary in-house testing have exceeded management's expectations.
Six independent Florida based clinical testing laboratories are involved in the clinical evaluation of the Labguard product through testing with their wide array of healthcare personnel. Predicated on the results of this testing, the Labguard(tm) system will be manufactured under OEM license to major U.S. medical companies. SWNM is optimistic that the Labguard(tm) device will be brought to market ahead of schedule through a system of distributors. The Labguard(tm) system, currently unavailable, and having no match in the Healthcare Industry, will provide a safe, economic and comprehensive health screening analysis to companies & clinicians, and also will be packaged and marketed for home use.
Investors continue to watch this company's progress! SWNM is also in the process of filing patents for its production molding engineering processes, as well as its home health division product line, and has recently begun the process of designs for 2 new surgical disposable products related to the areas of cardiovascular health and feeding tubes.
For more in-depth coverage of Southwestern Medical, visit http://www.1sourcealert.com/SWNM0412.html
Prior to yesterday's press release, the stock closed yesterday at around fourteen cents a share.
Southwestern Medical believes that it has the solution! The Company's proprietary Labguard(tm) on-site collection & diagnostic testing technology represents a revolutionary approach that ensures greater safety and convenience for diagnostic testing administrators at an attractive, market-competitive price. Currently in the clinical testing/prototype stage, Labguard(tm) has attracted expressions of strong interest from several major medical-device distribution companies, both in the U.S. and abroad. Numerous applications of the Labguard(tm) to address specific market needs, such as non-invasive HIV testing, are currently in the design, prototype and/or testing stages. Southwestern Medical is also involved in prototype design and testing of the promising Protect-A-Pal(tm) needle safety device, to which it now owns the world marketing rights.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Genesis HealthCare Corporation (Nasdaq:GHCI) down 0.3% on 960,283 shares traded, Citigroup Inc. (NYSE:C) up 1.8% on 15 million shares traded and Applied Materials, Inc. (Nasdaq:AMAT) down 0.5% on 32.5 million shares traded.
Commentary:
"Crude oil for may deliveries fell $1.11 to $52.60 per barrel, and one watcher, the International Energy Agency, feels that prices for crude may have hit their high last week and sees a leveling off of prices. Nationwide, the average price of a gallon of gasoline hit a new high of $2.21 per gallon. Many markets are much higher; California reporting at over $3.00 in some coastal communities. This would make a 25 gallon SUV fill-up $75.00. OUCH," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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