WESTON, Fla., Dec. 2, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Southwestern Medical Solutions Incorporated (Pink Sheets:SWNM), Chico's FAS, Inc. (NYSE:CHS), Louisiana-Pacific Corp. (NYSE:LPX) and Copart, Inc. (Nasdaq:CPRT).
Aggressive investors and traders need to be watching Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) this morning! Yesterday after the markets closed, the company issued a press release announcing that, as part of its partnership and co-development agreement with Glacier Medical LLC, it now owns the exclusive right to market and/or distribute the Protect-A-Pal(tm) globally!
This is great news for investors! According to the press release, through the help of state laws and OSHA requirements, healthcare facilities are now mandated to offer choices to the caregiver for safe needle systems. Although millions of safety needles of one type or another are used every day, they all entail a much higher cost than traditional syringe/needle configurations, thus discouraging their use in many settings.
The press release also states that through pre-clinical blind study evaluations, the company's Protect-A-Pal(tm) safety needle system was chosen every time over other systems for the following reasons: A. It's the easiest to use B. It provides the greatest level of protection. C. It's the most affordable. D. It works with any traditional syringe/needle configuration available today.
Having completed successful prototype testing, minor modifications to the Protect-A-Pal(tm) safety device are being carried out to adapt the technology to several unique applications in the healthcare field.
Investors watch this one! Given the critical need for an economic, convenient and effective needle-safety device throughout the global healthcare system, the management of Southwestern Medical Solutions, Inc. is extremely optimistic that the Protect-A-Pal(tm) has the potential, when ultimately brought to market, to make rapid and extensive inroads into the billion-dollar needle (and needle-safety!) industry!
The stock closed yesterday at fifteen cents a share.
In case you are not familiar with the company: Proprietary Labguard system for on-site collection & diagnostic testing technology represents a revolutionary approach that ensures greater safety and convenience for diagnostic testing administrators at an attractive, market-competitive price. Currently in the final prototype stage, Labguard has already attracted expressions of strong interest from several major medical-device distribution companies, both in the U.S. and abroad. Numerous applications of the Labguard system to address specific market needs, such as non-invasive HIV testing, are currently in the design, prototype and/or testing stages. As well, the Company is advancing the Protect-A-Pal(tm) needle-safety device toward final prototype in preparation for mass production.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Chico's FAS, Inc. (NYSE:CHS) up 13.1% on 6.3 million shares traded, Louisiana-Pacific Corporation (NYSE:LPX) up 10.2% on 3.8 million shares traded and Copart, Inc. (Nasdaq:CPRT) up 16.9% on 3.5 million shares traded.
Commentary:
"Markets saw a big boost Wednesday as oil slid to $46 per barrel and Nasdaq stocks reported good earnings. This was a 7% drop in oil as supplies of crude shot up as well," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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