WESTON, Fla. Dec. 09, 2003 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Proxity Digital Networks, Inc. (Other OTC:PDNW), Johnson & Johnson (NYSE:JNJ), Nextel Communications (Nasdaq:NXTL) and Level 3 Communications (Nasdaq:LVLT).
Aggressive investors need to watch Proxity Digital Networks, Inc. (Other OTC:PDNW) this morning! Yesterday as the markets were closing, the company issued a press release announcing that its wholly-owned subsidiary, On Alert Systems, Inc., has expanded its exclusive license with Traptec, Inc. to include the World Wide Eyes, LLC camera detection systems! This could be welcomed news to investors!
According to the press release, the On Alert-Traptec team has met with government representatives regarding Traptec's development of an Advanced Helmet Design ("AHD") sensor which, when developed, should provide our soldiers with the means to retaliate against sniper attacks. Traptec's system will utilize proven technology already tested with the Chula Vista, California Police department by using ultrasonic detection sensors employed in their Taggertrap(tm) system.
Traptec and On Alert plan to integrate other sensors, including audio, infrared, motion sensors, and others, which will be designed to pinpoint the exact location of an enemy's discharged weapon for immediate targeting. In addition to the GPS coordinates of the attacker, Traptec is working on the production of a remotely controlled system for in-field automated return fire from machine guns and other weapons. This system would combine surveillance technologies marketed by the On Alert-Traptec team under a global distributorship provided by World Wide Eyes, LLC.
Investors should keep their eyes on this little company! George Lerg, President & CEO of Traptec stated that "the team's goal was to make any 'back shooter' realize that when he pulls the trigger on his weapon, he will be killing himself. It is time to make the enemy realize he can no longer rely upon stealth to protect him from immediate and deadly retaliation."
"The expansion of the existing license agreement with the Worldwide Eyes System gives the On Alert-Traptec team a system that, when completed, empowers our armed forces with a clear advantage over any opposition," said Proxity CEO Billy Robinson. Watch this company! Yesterday the stock closed at two cents a share.
Stocks showing interesting activity yesterday were: Johnson & Johnson (NYSE:JNJ) up 1.4% on 11 million shares traded, Nextel Communications (Nasdaq:NXTL) up .59% on 9.7 million shares traded and Level 3 Communications (Nasdaq:LVLT) down 1.2% on 7.4 million shares traded.
Commentary: Life in the trillions....continued:
"President Bush signed the new Medicare Bill on Monday. Here is a quick snapshot look at the basic figures for prescription drug coverage for 2006: Costs $35 per month; Annual $250 deductible; 75% coverage up to $2,250; 100% coverage until $5,100; after $5,100, 95% coverage. The plan is expected to cost $400 billion over 10 years. Seniors overall drug costs for the same 10-year period is estimated to be at $1.8 trillion, that is why critics of the bill claim it is only a drop in the trillion-dollar-bucket. Overall, the Medicare and Social Security unfunded liability is estimated at $25 trillion (not a misprint)! Now, that's some real money," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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