WESTON, Fla., Oct. 14, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Universal Detection Technology (OTCBB:UDTT), Itron, Inc. (Nasdaq:ITRI), webMethods, Inc. (Nasdaq:WEBM) and Applied Digital Solutions, Inc. (Nasdaq:ADSX).
Aggressive investors and traders will want to watch Universal Detection Technology (OTCBB:UDTT) this morning! The company just recently issued a press release announcing that it has received a purchase order for a minimum of 1 and up to 10 Anthrax detection devices.
This is could be the investors have been waiting for! The purchase order was made by Secure Wrap, a company based in Miami, Florida. "We are extremely pleased to add UDTT's detection device to our product line," said Secure Wrap's Chairman, Henry Ramos. "We expect that the additional diversification this brings to us will be well-received by our clients worldwide, particularly the international airports."
Secure Wrap shall accept or return the device within 90 days. If Secure Wrap is satisfied and accepts the detection device, the purchase order calls for UDTT to ship one device every two months over the next 18 months. Secure Wrap has informed the company that it plans to market the units to airports worldwide.
Investors will want to watch this one! As previously reported, the company plans to engage in field testing of its Anthrax Smoke Detector in different environments and conditions over the next several months, and to use the empirical data gained from the testing to further improve the design and functionality of the product. The company plans to initiate orders of the Anthrax Smoke Detector with a third party manufacturer based on sales orders it receives.
The stock closed yesterday at fifty-four cents a share.
About the companies involved: Universal Detection Technology (UDT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the company's technology, together with third party technologies and devices, will position it to capitalize on growth and value opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL), is developing a bio-terror "smoke" detector, which combines JPL's spore detection technology with UDT's aerosol capture device. For more information, please visit http://www.udetection.com.
Founded in 1989, Global Baggage Protection Systems, Inc., d.b.a. "Secure Wrap," is in the baggage wrapping service industry worldwide and operates in four continents, with its U.S. headquarters in Miami, Florida, and in Madrid, Spain for the European Continent. Secure Wrap owns and operates a completely USA made, portable baggage wrapping system specifically designed to protect passenger's baggage in high traffic areas, including airports, seaports, train stations, bus depots, government facilities, hotels, and resorts. The company's products are currently utilized in more than 20 international airports around the world. For more information about Secure Wrap, please visit http://www.securewrap.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Itron, Inc. (Nasdaq:ITRI) up 16.3% on 1.2 million shares traded, webMethods, Inc. (Nasdaq:WEBM) up 9.8% on 4 million shares traded and Applied Digital Solutions, Inc. (Nasdaq:ADSX) up 68.4% on 30.8 million shares traded.
Commentary:
"Oil prices surged more than $1 on Wednesday as worries over tight heating fuel supplies in the U.S. and Europe this winter countered a previous bout of profit-taking by big-money funds. U.S. light, sweet crude was up $1.13 at $53.64 a barrel, erasing losses from a recent sell-off and bringing prices less than $1 below Tuesday's record peak of $54.45," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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