WESTON, Fla., March 10, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Thursday morning are: Universal Detection Technology (OTCBB:UDTT), Flextronics International Ltd. (Nasdaq:FLEX), NVIDIA Corporation (Nasdaq:NVDA) and Washington Mutual Inc. (NYSE:WM).
Aggressive investors and day traders should be watching Universal Detection Technology (OTCBB:UDTT) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has installed an Anthrax Smoke Detector (ASD) unit at a major hotel in Orange County, CA.
This could be more good news for investors! "The installation of UDTT's Anthrax Smoke Detector at a large scale hotel with huge traffic is a major milestone in our marketing efforts which we initially have targeted to larger venues," says Jacques Tizabi, UDTT chairman and CEO.
Investors continue to watch this company's progress! According to the company's press release, the detection device was installed within the hotel's Heating Ventilation Air-Conditioning (HVAC) system at the point where air from the lobby and the common areas are circulated back in to the building. An inlet head that captures particles smaller than 3 Microns was placed in the main exhaust duct from the lobby and fed directly into the ASD. Air traveling through the duct at 16.1 feet per minute will be sampled on an hourly basis for the presence of bacterial spores. It is expected that collected samples will provide valuable scientific data about background bacterial spore levels in the air. The company will use the data to closely monitor and study the performance of the machine in a non-controlled setting. At the hotel's request, the specific identity and location of the hotel cannot be disclosed; however, the Company can disclose that the detection devise was installed in one of the most well known internationally branded hotel chains.
For more in-depth coverage of Universal Detection Technology, visit http://www.backissuesofnewsalerts.us/UDTT0309.html
Prior to the press release, the stock had closed over Thirty One cents a share.
In case you are not familiar with the companies: Universal Detection Technology (UDT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the Company's technology, together with third party technologies and devices, has positioned it to capitalize on growth and value opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed a bio-terror 'smoke' detector, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://udtt.invrel.net or http://www.udetection.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Flextronics International Ltd. (Nasdaq:FLEX) down 2.9% on 9.3 million shares traded, NVIDIA Corporation (Nasdaq:NVDA) down 2.6% on 7.5 million shares traded and Washington Mutual Inc. (NYSE:WM) down 2.1% on 6.3 million shares traded.
Commentary:
"Fannie Mae is revamping its corporate structure in an effort to reclaim credibility. The new setup will split its chairman and CEO positions creating two jobs. Additionally, a new office will hear complaints from company employees. Fannie Mae is the biggest U.S. buyer of home mortgages. The Office of Federal Housing Enterprise Oversight supervises Fannie Mae and has been investigating its accounting," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Recently, Universal Detection Technology (OTCBB:UDTT) was among 112 over-the-counter bulletin board companies identified on the most recent NASDAQ Threshold Security List; mandated by U.S. Securities and Exchange Commission Regulation SHO.
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