WESTON, Fla., Oct. 19, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Wellstone Filters (OTCBB:WLSF), Conolog Corporation (Nasdaq:CNLG), CarMax, Inc. (NYSE:KMX) and VaxGen, Incorporated (Pink Sheets:VXGN).
Once again, aggressive investors and traders need to watch Wellstone Filters (OTCBB:WLSF) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it is planning to market its new cigarette lines in the countries of the European Union!
The company continues to release good news to investors! It is estimated that tobacco use is responsible for half a million deaths per year in the 15-member European Union -- and even more deaths in the recently expanded EU. About 29% of adults smoke, but in Germany and Greece the percentage is 37%.
"American brand cigarettes have always been popular in Europe," cites L. J. Hand, CEO of Wellstone; "we intend to be a leader in sales there due to our novel, patented approach to filtration."
As a result of the phase-in of the EU's 2001 directive on tobacco products, tar, nicotine and carbon monoxide levels are limited to 10mg, 1mg and 10mg, respectively. Wellstone believes that its new full flavor cigarette will be able to come well under these levels.
Keep your eyes on Wellstone! In the EU the use of descriptors such as "light" and "mild" in cigarette advertising are banned as deceptive. In the US, about 82% of cigarettes are marketed as "light" or "low tar." Numerous scientific studies have shown that light or menthol cigarettes are as deadly as regular cigarettes, because smokers compensate by smoking light or menthol cigarettes more frequently or inhaling more deeply, or by unconsciously circumventing the filter ventilation holes which enable the cigarette to receive lower tar, nicotine and carbon monoxide ratings on testing equipment. Wellstone's proprietary filter aims to provide better taste while filtering certain carcinogens, with the goal of reducing overall ingestion of carcinogens and consequent smoking deaths.
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, while providing better taste. However, any claim as to the benefits 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 Fifty-Nine cents 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: Conolog Corporation (Nasdaq:CNLG) up 16.8% on 2.3 million shares traded, CarMax, Inc. (NYSE:KMX) up 5.4% on 2.1 million shares traded and VaxGen, Inc. (Pink Sheets:VXGN) up 12.7% on 1.7 million shares traded.
Commentary:
"U.S. economic growth, while improving, has not hit the pace it was expected to do by now," Federal Reserve Governor Mark Olson said on Monday. "Currently the economy is not as strong as we would have thought it would be six or eight months ago, but it is still improving," Olson told a luncheon meeting of America's Community Bankers," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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