DALLAS, April 29, 2004 (PRIMEZONE) -- When Wall Street Futures, a leading news source for small-cap investors, identified MSSI-TeleScience International, Inc. (OTC BB: MSSI) in March as a potential mover in the medical staffing space, MSSI shares were trading at $0.12. Today, the company trades at $0.21, an increase of 75 percent in a just a few short weeks -- after closing up more than 16 percent on Wednesday.
MSSI provides long-term medical personnel, homeland security and technology services to a variety of public and private sector clients. The company's Medical Services Division has operations in 22 states servicing hospitals and medical facilities with doctors, nurses and technicians.
Many large companies in this sector, including AMN Healthcare Services (NYSE:AHS) and Cross Country (Nasdaq:CCRN), experienced slight declines or have traded flatly over the past five days. Gentiva Health Services (Nasdaq:GTIV) is down five percent in three days of trading alone, while On Assignment (Nasdaq:ASGN) traded flat for the week, despite a very positive Wednesday. Another major player, Medical Staffing Network (NYSE:MRN) appears to be on an upward trend in recent weeks, albeit on volume that is low for this stock.
With only minimal recent movement from the larger players in medical staffing, Wall Street Futures believes the strongest gains in this space will be experienced by small cap companies.
Wall Street Futures believes MSSI continues to offer one of the best values among medical staffing companies, and has assigned MSSI its highest rating of "Strong Buy" this week on news that the company is bidding on significant government contracts with a new partner.
For Information contact: 866-249-4961
******* Important Notice and Disclaimer: Please Read *******
Wall Street Futures is a news service of the Wall Street Small Cap Reporter (WSSCR). WSSCR, 866-249-4961, publishes reports providing information on selected companies that it believes has investment potential. WSSCR is not a registered investment advisor or broker-dealer. This report is provided as an information service only, and the statements and opinions in this report should not be construed as an offer or solicitation to buy or sell any security. WSSCR accepts no liability for any loss arising from an investor's reliance on or use of this report. An investment is considered to be highly speculative and should not be considered unless a person can afford a complete loss of investment. WSSCR has been hired as a consultant and has been paid $15,000 by a third party for the publication and circulation of this report. This report contains forward-looking statements, which involve risks and uncertainties -- including, but not limited to, risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of the company's services, and/or changes in its business strategies -- that may cause actual results to differ materially from those set forth in the forward-looking statements. For further details concerning these risks and uncertainties, please request additional information directly from the companies above or obtain the SEC filings of the company including the companies' most recent annual and quarterly reports.