WESTON, Fla., March 23, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Wellstone Filters Inc (OTCBB: WLSF), SIGA Technologies Inc. (Nasdaq:SIGA), GMX Resources Inc. (Nasdaq:GMXR) and AirNet Communications (Nasdaq:ANCC).
Aggressive investors will want to keep watching Wellstone Filters Inc (OTCBB:WLSF) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it is rapidly approaching the final refinements of its compound for its patented filter that effectively removes carcinogens and other toxins produced when tobacco is smoked!
This could be great news for investors! According to the press release, within 30 days the company expects to have the new and selective batch of their compound to their prospective customers. Wellstone's Vice President of Research, Dr. John Smart, PhD is using this time to more fully explore refinements to the compound. Wellstone's compound has been under development for approximately 6 years and we are about 30 days away from delivery.
It is important to note that the company's unique compound is not subject to FDA scrutiny or approval. Wellstone believes that the FDA is establishing a presence in the tobacco industry and Wellstone is targeting a list of toxins that have been identified to be carcinogenic. Recent independent analysis shows that the Wellstone Filter can eliminate 25% of "across the board" carcinogenic compounds with a mere 50 milligrams of our granules. Even truly "lighter" cigarettes can be had by inserting more granules.
There are at least 60 carcinogens in cigarette smoke. Among these, tobacco-specific nitrosamines and polycyclic aromatic hydrocarbons are generally viewed to have an important role as causes of cancer. The company intends its customers to be major tobacco companies, tobacco research centers and filter manufacturers that want a compound that targets specific carcinogenic elements. They are currently working with tobacco research scientists to provide such a compound.
The stock closed yesterday at $1.21 a share.
In case you are unfamiliar with the company: Wellstone Filters, Inc. has developed and patented a filter that effectively removes carcinogens and other toxins produced when tobacco is smoked -- without removing the compounds responsible for the pleasurable effects of smoking. The company seeks to promote material for cigarette filters that will enable major cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens. Keep your eyes on this company! For more information, please see Wellstonefilters.com.
Stocks showing interesting activity yesterday were: SIGA Technologies Inc. (Nasdaq:SIGA) up 23.2% on 11.1 million shares traded, GMX Resources Inc. (Nasdaq:GMXR) up 6.8% on 615,400 shares traded and AirNet Communications (Nasdaq:ANCC) down 7.9% on 3.7 million shares traded.
Commentary: The Economy
"Consumer prices rose 0.2% in February, giving signs that inflation still remains low. A Manpower survey, a company that staffs temp employees, found that 28% of U.S. employers plan to add workers in the second quarter. Federal Reserve policy makers last week left the 1% interest rates alone citing 'patients' regarding inflation, unused factory capacity, and lingering unemployment," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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