WESTON, Fla., June 3, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: BioElectronics Corporation (Pink Sheets:BIEL), Micronetics Inc. (Nasdaq:NOIZ), Mentor Corporation (NYSE:MNT) and Merck & Co. Incorporated (NYSE:MRK).
Aggressive investors and traders will want to watch BioElectronics Corporation (Pink Sheets:BIEL) this morning. Yesterday after the markets closed, the company issued a press release announcing that it has established Middle East distribution!
This could be great news for investors! The Distribution Agreement with New Horizon Investment and Development, a 12 year old leading Egyptian distributor of medical devices for Siemens, Select Surgical, and others covers Egypt, Saudi Arabia, Kuwait, Yemen, Oman, Bahrain, Qatar, Jordan, Syria, Lebanon, Algeria, Libya, Tunisia and Morocco.
Investors should really keep this company on your radar screen! In the US the FDA has cleared ActiPatch Therapy for postoperative plastic surgery. The product is being distributed and evaluated for additional uses by established medical device and pharmaceutical companies. This is BioElectronics first international agreement for the $20 billion dollar worldwide soft tissue injury market. Management anticipates Canadian, European, and other international product distribution by the end of summer.
The stock closed yesterday at Twenty-Seven cents a share.
Stocks showing interesting activity yesterday were: Micronetics Inc. (Nasdaq:NOIZ) up 27.9% on 402,200 shares traded, Mentor Corporation (NYSE:MNT) down .94% on 122,400 shares traded and Merck & Co. Inc. (NYSE:MRK) down .33% on 4.7 million shares traded.
Commentary:
"Consumer sentiment took a down turn in May from concerns about gas prices and the situation in the Mid-East. However, personal income grew in April at twice the rate of spending; this helped to boost the average savings rate to its highest level since last summer. Durable goods orders fell 2.9% in April; finally, car sales for May figures are looking grim. U.S. automakers have been extending cash-rebates on big sport utility vehicles as inventories on those items are rising," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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