WESTON, Fla., July 29, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: AVVAA World Health Care Products (OTCBB:AVVW), Smith Micro Software Inc. (Nasdaq:SMSI), Global Crossing (Nasdaq:GLBCE), Websense Inc. (Nasdaq:WBSN).
Aggressive investors and traders should take another look at AVVAA World Health Care Products (OTCBB:AVVW) this morning! Recently, the company issued a press release announcing that it has reached final agreement with Natures Formulae Health Products, Ltd., to begin production of four core AVVAA skin care products!
This could be more good news for investors! According to the press release, this will give AVVAA, a global biotechnology company offering therapeutic, natural skin and health care products, the production capacity to equal over $500,000 worth of product daily.
Keep your eyes on this company! AVVAA President CEO Jack Farley said, "We are pleased to have reached final agreement with Natures Formulae Health Products, a company well-versed in best-of-breed manufacturing practices and processes of natural products."
Farley continued, "Contract outsourcing of our manufacturing requirements makes bottom-line economic and logistical sense. They (Natures Formulae) have the capability of manufacturing a variety of products and sizes from 5 ml to 20 litre allowing more of the AVVAA products to be produced in one location. Our presently leased facility in Vernon, British Columbia will now house our distribution and sales centre. But outsourcing manufacturing allows our team to focus on the sales, distribution and marketing throughout North America-and globally of our core products -- while further advancing research and development."
Natures Formulae can provide production capacity of 16,000 units per day and is expected to begin production of AVVAA's core skin care products by September 1, 2004. With a retail value of $34.95 per unit, based on 200 production days per year, Natures Formulae is able to produce more than $100,000,000 of product for AVVAA each year.
The stock closed yesterday at Forty-Five cents a share.
In case you are not familiar with the company: AVVAA World Health Care Products is a global biotechnology company that specializes in effective, all natural, therapeutic skin care products that improve quality of life and well being for consumers. AVVAA's patented European skin care formulas are scientifically registered, FDA-Compliant, and were developed to relieve and treat the symptoms of common skin ailments, including: eczema, psoriasis and acne. AVVAA is poised to manufacture and market its O-T-C Neuroskin line of skin care products through mass food and drug channels in the United States and globally. For more information, visit: www.avvaa.com.
Natures Formulae Health Products Ltd. has been manufacturing herbal extracts and tinctures since 1976. They are leaders in the natural products industry exporting products around the globe. The main focus of Natures Formulae has been the corporate market manufacturing ingredients for other manufacturers. In recent years the depth of activity and focus has changed to reflect the growing demand and diverse areas that herbal products are used.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Smith Micro Software Inc. (Nasdaq:SMSI) up 27.2% on 1.5 million shares traded, Global Crossing (Nasdaq:GLBCE) up 17.1% on 1.9 million shares traded, Websense Inc. (Nasdaq:WBSN) up 14.5% on 2.7 million shares traded.
Commentary:
"Consumer confidence jumped in July to 106.1 from June's 102.8, a two year high. Economists were expecting a 102. The survey is done on a monthly basis of 5,000 U.S. households. This is the fourth straight month of increase," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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