WESTON, Fla., Jan. 8, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to focus on" this morning are: Med-Emerg International Inc. (OTCBB:MDER), Cobra Electronics Corp. (Nasdaq:COBR), Qiao Xing Universal Telephone, Inc. (Nasdaq:XING) and Cisco Systems Inc. (Nasdaq:CSCO).
Aggressive investors are sure to be watching Med-Emerg International Inc. (OTCBB:MDER) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has been advised by Public Works and Government Services of Canada that its contract to provide the civilian health care services for on-site in-garrison support for the Canadian Forces, Department of National Defense has been extended and amended!
This should be great news for investors! The contract has been extended to March 31, 2005 and will increase by more than CDN$50,000,000, which will bring the total contract to approximately CDN$195,000,000, over the life of the contract.
Dr. R. Zacharias, Chief Executive Officer of Med-Emerg International Inc. said, "We are delighted to have this contract expanded and extended. Over the last three years we have worked diligently with our colleagues at DND to ensure that qualified healthcare professionals are available to the dedicated men and women of Canada's Armed Forces. In an environment where healthcare practitioners are a scare resource we have utilized our network of recruiting and hiring experts, to make available civilian healthcare workers to Canada's military personnel, at its bases, from coast to coast."
Keep both eyes on this company! Med-Emerg will provide approximately 800 medical personnel to all Canadian Forces locations across Canada. The company specializes in the coordination and delivery of emergency and primary health care related services in Canada. The services include physician and nurse staffing and recruitment, clinical management services, the development and management of urgent care centers, a national drug infusion service, and a comprehensive physician practice management program. Watch this one closely! The stock closed yesterday at Forty-Six cents a share.
Stocks showing interesting activity yesterday were: Cobra Electronics Corp. (Nasdaq:COBR) up 29.6% on 511,400 shares traded, Qiao Xing Universal Telephone (Nasdaq:XING) up 23% on 4.7 million shares traded and Cisco Systems Inc. (Nasdaq:CSCO) up 2% on 48.6 million shares traded.
Commentary: High-Speed Internet
"The Federal Communications Commission said the number of high-speed access lines grew 18 percent in the first six months of 2003. Additionally, Internet users are expanding online activity beyond just the internet e-mail, and web-surfing; Americans who accessed their bank accounts online doubled to 34 million between 2000 and 2002. Another 36 million download music files, and online auction usage doubled. This shows that business on the Internet continues to expand," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 11 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.
-- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --
Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSNA has been compensated Sixty Thousand shares of Med-Emerg International Inc. (OTCBB: MDER), by a third party (Robert Angel Enterprises), who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF has not sold any of those shares, as of this release. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.