WESTON, Fla., Nov. 17, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: ART International Corp. (OTCBB:ARIOF), Regeneration Technologies (Nasdaq:RTIX), TranSwitch Corp. (Nasdaq:TXCC) and NetWolves Corporation (Nasdaq:WOLV).
Aggressive investors and traders will be watching ART International Corporation (OTCBB:ARIOF) this morning! Yesterday after the markets closed, the company issued a press release announcing that through its wholly owned subsidiary, Diamant Film Inc., it has entered into a ten year Distribution Agreement with Diamant Plastics Corporation for the exclusive Mexican marketing and distribution rights to Diamant, a non-PVC food stretch film in addition to its Canadian and United States rights!
This is good news for investors! CEO Stefan Gudmundsson states, "The expansion of our marketing and distribution rights to Diamant stretch film for Canada and the U.S., and now to include Mexico, comes from an ever growing interest in the product from different parts of the world."
Investors watch this one! According to the press release, currently, stretch film food wrap products contain Poly Vinyl Chloride ("PVC"), a compound found to be harmful for human consumption and to the environment. The North American food stretch film market currently uses PVC but legislation is being considered to limit the use of PVC products. Several European countries, Japan and the State of New York have already introduced restrictions and legislation on the use of PVC in the food wrap industry.
The stock closed yesterday at fifteen cents a share.
In case you are not familiar with the company: ART International Corporation, through its wholly owned subsidiary Diamant Film Inc., has secured a ten year agreement with Diamant Plastics Corporation for the exclusive marketing and distribution rights in the United States, Canada and Mexico to Diamant(tm) Film, a non-PVC food stretch film. Diamant(tm) Film is the world's first plasticizer-free stretch film based on polystyrene and the first food wrap film that is environmentally friendly and recyclable. Diamant(tm) Film has recently received the ECO logo certified by the Environmental Choice (M) Program, North America's leading benchmark of environmentally responsible products and services.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Regeneration Technologies (Nasdaq:RTIX) up 26% on 2.3 million shares traded, TranSwitch Corporation (Nasdaq:TXCC) up 12.9% on 2.9 million shares traded and NetWolves Corporation (Nasdaq:WOLV) up 67.5 million shares traded.
Commentary:
"Energy prices jumped 6.8% in October including a rise of 17.3% in the wholesale price of gasoline. Home heating oil rose 17.9% and electric power was up 2.3%, the largest rise in 14 years," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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