WESTON, Fla., May 12, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Security Intelligence Technologies, Inc. (OTCBB:SITG), Gold Fields Limited (NYSE:GFI), Lifeway Foods Inc. (Nasdaq:LWAY) and UbiquiTel Inc. (Nasdaq:UPCS).
Aggressive investors and traders should take a look at Security Intelligence Technologies, Inc., (OTCBB:SITG)! Recently, the company issued a press release announcing the launch of its new product, the Stadium Frequency Spectrum Jamming System (SJ 5000)!
According to the company, the SJ 5000 is an intelligent bomb jamming that utilizes tower-mounted stations in combination with mobile stations to provide protection for stadiums, arenas and temporarily crowded entrance areas from radio frequency (RF) operated explosive devices.
Developed after 9/11 to protect large gatherings of people in sports and entertainment venues and to deter terrorists from using stadiums and large arenas as targets of their aggression, the SJ 5000 has just been added to the list of proprietary homeland security products sold within SITG's exclusive distributor package.
Investors may begin to get excited about this company! The company was previously quoted as saying, "Plans to safeguard the Greek Olympics include spending close to $1 billion dollars on some of the most advanced technological tactics, countermeasures and equipment. Athens has employed law enforcement and security intelligence agents from Israel, Germany, Britain and the United States, among others, to train colleagues in counterterrorism measures. The SJ 5000 has been designed with this exact type of setting in mind," states Ben Jamil, Chief Executive Officer of SITG. "Large, crowded, public spaces like Olympic stadiums present obvious targets because they allow terrorists to blend into the surroundings and choose their desired moment of detonation. Without the SJ 5000, defense in this type of situation would be quite limited. The detonation of even one isolated bomb within the perimeter would cause panic and chaos," continued Jamil.
Keep your eyes on this company! Intelligent sensing RF receiving equipment in towers and minibuses transmit and receive signals to detect, locate and jam RF controlled explosive devices, (RCIED's), while creating zones of overpowering interference in the RF spectrum. The SJ 5000 prevents the use of RF explosive triggering objects including cell phones, pagers or similar electronic products used in terrorist operations as well as jams virtually all radio-controlled devices smuggled into any stadium, rendering them inoperable. RF controlled explosives can operate from a considerably short distance using transmitters with an output of less than 5 watts.
The stock closed yesterday at seventy-three cents a share.
In case you are not familiar with the company: Security Intelligence Technologies, Inc. and its wholly owned subsidiaries, develop, manufacture and market leading edge solutions and advanced proprietary systems for counterterrorism, surveillance, counter-surveillance, countermeasure, personal and home security markets worldwide through its corporate website, international seminar program and through its offices located in New York, Miami, Beverly Hills, Washington DC, Hong Kong, Israel and London. SITG's product line and security technologies are currently distributed throughout the US, Europe, Asia, the Middle East and Latin America and are marketed under the names SITG, Homeland Security Strategies (HSS) and The Counter Spy Shop of Mayfair, London(R). SITG products and props can be seen in major motion pictures, including Silence of the Lambs, First Kid, Mission Impossible 1, Meet the Parents, Supertroopers, Bad Company and Spy, The Movie. SITG also co-brands its Night Vision Binoculars with Ford's Aston Martin, and donates products to International Spy Museum's exhibits.
Stocks showing interesting activity yesterday were: Gold Fields Limited (NYSE:GFI) up 3.5% on 1.4 million shares traded, Lifeway Foods Inc. (Nasdaq:LWAY) up 9.4% on 302,000 shares traded and UbiquiTel Inc. (Nasdaq:UPCS) up 6.2% on 479,500 shares traded.
Commentary:
"T-Bill rates rise again in Monday's auction. The short-term rates for the three-month bill, according to the Treasury Department, were the highest since June 2, 2003, and the six-month rate was the highest since November 4, 2002. The Treasury sold $18 billion in three month bills at a discount rate of 1.060 percent, up from 0.985 from last week; additionally they sold $15 billion is six month bills at a rate of 1.340 percent, up from 1.175 percent last week," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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