WESTON, Fla., Oct. 4, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Wellstone Filters (OTCBB:WLSF), aaiPharma Incorporated (Nasdaq:AAII), Mesa Air Group, Inc. (Nasdaq:MESA) and Incyte Corp. (Nasdaq:INCY).
Aggressive investors and traders will want to watch Wellstone Filters (OTCBB:WLSF) this morning! Yesterday after the markets closed, the company issued a press release announcing that individuals holding Wellstone stock on October 5, at the close of normal trading hours, will receive 2 additional shares in a 3-1 forward stock split.
According to the press release, those NOT holding, or owning Wellstone stock on October 5, 2004, will NOT receive the additional shares. At open of market on Wednesday October 6th Wellstone will trade with an adjusted price for consideration of the forward split Persons who sell or have sold shares through the close of business tomorrow will not receive the stock dividend. The stock dividend is not a taxable event under the US Internal Revenue Code. Shareholders will accordingly not receive a 1099 and the stock dividend will not affect the taxable gain or loss on disposition of the shares. See IRS Publication 550 or consult your tax advisor.
Investors will want to watch this one! It was just last week the company issue a press release announcing that it has engaged a Federal Trade Commission (FTC) approved testing facility to test Wellstone's proposed "full flavor" cigarette for tar and nicotine content. The results of this test will be required to be displayed on all cigarette packaging and advertising for Wellstone's first brand to utilize its patented filter.
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, while providing better taste. However, any claim as to the benefit of any Wellstone cigarette to be sold will be made within the parameters prescribed by the Federal Trade Commission.
Wellstone emphasizes that NO cigarette is safe. This corporate communication by Wellstone is not intended to induce any person to purchase future Wellstone tobacco products.
The stock closed yesterday at $1.74 a share.
In case you are not familiar with the company: Wellstone Filters, Inc. has developed and patented filter material that removes certain carcinogens and other toxins produced when tobacco is smoked -- without removing the compounds responsible for the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable major cigarette manufacturers to provide consumers with an equally enjoyable cigarette with substantially fewer carcinogens. For more information please visit the company's website at www.Wellstonefilters.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: aaiPharma Inc. (Nasdaq:AAII) up 24.4% on 1.3 million shares traded, Mesa Air Group, Inc. (Nasdaq:MESA) up 16.7% on 1.3 million shares traded and Incyte Corporation (Nasdaq:INCY) up 10.4% on 2.4 million shares traded.
Commentary:
"New orders at U.S. factories showed strength in August, even though a drop in aircraft orders pulled the overall indicator lower, the U.S. Commerce Department reported on Monday. The department said factory orders shrank 0.1 percent in August, posting the first decline in four months after gaining a revised 1.7 percent in July. This was originally reported as rising 1.3 percent," Stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. (WSCF has been compensated Sixty Thousand Dollars for coverage of Wellstone Filters, Inc. (OTCBB: WLSF), by third parties (Alex Consulting Inc/Audra Inc), who are non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Mario Cardenas.
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