WESTON, Fla., April 26, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: WaveScribe International (Pink Sheets:WSBL), Intuitive Surgical, Inc. (Nasdaq:ISRG), Allegheny Technologies Incorporated (NYSE:ATI) and Applied Digital (Nasdaq:ADSX).
Aggressive investors and traders should be looking at WaveScribe International Corp. (Pink Sheets:WSBL) this morning! Yesterday after the markets closed, the company issued a press release announcing that Orthopedic Associates Surgery Center in Connecticut chose the WaveScribe platform to be an integral element of its dictation and transcription solution.
Investors continue to watch the progress of WaveScribe! After initial training and application of the product, the client reports exceptional satisfaction with the platform. To underscore that satisfaction, revenues have increased over 35%. This upward trend is expected to continue as the client experiences growth and expansion.
On the West Coast, WaveScribe was requested to provide dictation and transcription solutions for mobile Southern California Physician Assistants. These Physician Assistants provide patient services for multiple medical groups. WaveScribe presented a solution that included digital handheld and telephone dictation, Internet-based file transfer and the WaveScribe transcription platform for the transcription and document processing. The program is due to begin May 2, 2005.
For more in-depth coverage of WaveScribe International, visit http://www.backissuesofnewsalerts.us/WSBL0425.html
Prior to yesterday's press release, the stock closed yesterday at around forty-two cents a share.
In case you are not familiar with the company: Wavescribe offers the first web-based transcription software that was designed, developed, and deployed by transcriptionists. Documents created through WaveScribe have a 128-bit security encryption, HIPPA and Privacy Law compliance. Access to a medical or legal transcribed document for editing, reprints, updates, 24 hours a day in a simplified and cost-effective manner to handle the task of document control is now available. The WaveScribe platform requires no software to purchase, and installation on to a specific PC is not needed. The transcriptionist utilizing the platform can use several methods to create documents such as uploading existing documents and/or formats while maintaining the traditional methods of transcription such as analog tapes, digital tapes, handheld devices, phone in rerecorded or pushed and even computer generated methods. In addition, future advances include speech-to-text and net/web (documents created on a private network automatically stored and accessible on the Internet platform).
Stocks showing interesting activity yesterday at the close of the regular trading day were: Intuitive Surgical, Inc. (Nasdaq:ISRG) up 5.5% on 2.4 million shares traded, Allegheny Technologies Incorporated (NYSE:ATI) up 5.1% on 2.2 million shares traded and Applied Digital (Nasdaq:ADSX) up 4% on 1.3 million shares traded.
Commentary:
"In housing, the National Association of Realtors announced that existing home sales rose 1% for March. One reason this is important is because home mortgages averaged 6.04% nationwide, the largest level since June of 2004. Home prices nationally averaged $195,000, an 11.4% increase in 12 months. The Commerce Department will report on new home activity Tuesday; economists are not looking for an increase," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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