WESTON, Fla. Feb. 3, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to focus on" this morning are: Surface Technologies Inc. (Other OTC:SFCI), Nanogen Inc. (Nasdaq:NGEN), Cytyc Corporation (Nasdaq:CYTC) and Mitek Systems Inc. (Nasdaq:MITK).
Aggressive investors may have their eyes on Surface Tech Inc. (Other OTC:SFCI) again this morning! Yesterday after the markets closed, the company issued a press release announcing that a collaborative effort with HKI Inc. has resulted in a contract for exclusive world wide use and distribution of its newly developed proprietary chrome repair solution!
This could be more good news for investors! According to the press release, the product will allow SFCI to expand its current patented automotive alloy wheel repair technology into the rapidly escalating market demand for an economical repair process for curb damaged chrome OEM and aftermarket wheels.
Chris Pittman, chairman of SFCI commented, "After months of working with HKI Inc., we are very happy with the level of performance this new product can add to our repair services. We are confident that SFCI will be able to satisfy a large part of the demand that has been growing in the automotive industry for a cost effective repair of curb damaged chrome wheels." Keep your eyes on this company!
In case you are unfamiliar with the company: Surface Tech is the only company that has a patented method to resurface alloy wheels without removing them from the car. The company's licensed technicians provide low-cost solutions to high-priced problems for over 4,000 automobile dealerships, auto auctions, and car rental agencies through licensed technicians in 35 states. The stock closed yesterday at Forty-Six cents a share.
Stocks showing interesting activity Friday were: Nanogen Inc. (Nasdaq:NGEN) up 2.4% on 4.9 million shares traded, Cytyc Corporation (Nasdaq:CYTC) up 3% on 4.2 million shares traded and Mitek Systems Inc. (Nasdaq:MITK) down 25.8% on 558,300 shares traded.
Commentary: The Economy
"This Friday the G7 government ministers will meet in Boca Raton, Fla., (you didn't really think that in February Buffalo or Chicago would be their destinations did you) to discuss monetary policy. Analysts say that the U.S. will see complaints about its deficits and trade policies threatening the global economy," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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