WESTON, Fla., Jan. 27, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Tuesday morning are: Wellstone Filters, Inc. (OTCBB:WLSF), MacroChem Corporation (Nasdaq:MCHM), Glenayre Technologies Inc. (Nasdaq:GEMS) and chinadotcom corporation (Nasdaq:CHINA).
Aggressive investors need to be watching Wellstone Filters Inc (OTCBB:WLSF) this morning! Yesterday after the markets closed, the company issued a press release announcing the hiring of a key scientist!
This could be more great news for investors! The company has hired John E. Smart, Ph.D. to coordinate research and development on its product. His prior corporate positions include VP of Research at Emisphere Technologies Inc., in Westchester County, N.Y.; VP of Research at Creative BioMolecules in Hopkinton, Mass.; Director of Biological Chemistry and Protein Chemistry at Hoffmann-La Roche in Nutley, N.J.; and Director of Protein Chemistry, at Biogen in Cambridge, Mass.
Dr. Smart was a member of the National Science Foundation's Instrumentation and Instrument Development Review Panel and was appointed to the Industrial Advisory Board for the University of Connecticut Biotechnology Center. He has authored or co-authored 52 articles in world-class journals and currently has 12 U.S. patents pending along with the associated foreign counterparts.
Keep your eyes on this company! Wellstone Filters announced previously that it is continuing its ongoing discussions with tobacco industry companies regarding its technology. In connection with those discussions, Wellstone is currently upgrading laboratory space and acquiring additional lab equipment to facilitate and accelerate the development of the company's filter.
Wellstone Filters, Inc. has developed and patented a chemically selective filter that effectively removes carcinogens and other toxins produced when tobacco is smoked -- without removing the compounds responsible for the pleasurable effects of smoking. Wellstone 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. The stock closed yesterday at fifty-four cents a share.
Stocks showing interesting activity yesterday were: MacroChem Corporation (Nasdaq:MCHM) up 11.2% on 1.4 million shares traded, Glenayre Technologies Inc. (Nasdaq:GEMS) up 15.7% on 3.3 million shares traded and chinadotcom corporation (Nasdaq:CHINA) up 10.1% on 12.6 million shares traded.
Commentary: Trillions continued
"We are just a nation of fixer-uppers and home improvement junkies. A report by the Mortgage Bankers Association is 2003 stated that estimated mortgage refinancing will total $1.95 trillion, and a good part of that will go towards home improvements and repairs. If you feel your home is in need of some updating, the experts suggest you consider the financial implications, resale value, and get professional advice," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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