WESTON, Fla., Dec. 8, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Southwestern Medical Solutions Incorporated (Pink Sheets:SWNM), Spectrum Signal Processing (Nasdaq:SSPI), KANA Software, Inc. (Nasdaq:KANA) and VerticalNet, Inc. (Nasdaq:VERT).
Aggressive investors and traders need to be watching Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) this morning! Yesterday before the markets closed, the company issued a press release announcing that, in an accelerated program to be carried out jointly by Southwestern Medical Solutions, Inc. and Glacier Medical LLC, the patented technology that is the basis of the Protect-A-Pal medical safety device will be adapted to fulfill critical needs in a variety of unique and urgent applications in the healthcare field!
This is great news for investors! According to the press release, patented safety devices that address a range of needle or "sharps" sticks/accidents risks in the medical/healthcare field will include those for syringes, intravenous needles and hypodermic needles. Concurrent with the development, outsourcing, and commercialization of the safer, patented, Protect-A-Pal(tm) needle-safety device, Southwestern Medical Solutions Inc. will also be planning marketing strategies and a media campaign, as well as building a marketing force and preparing for ultimate product launch.
Investors watch this one! In light of the alarming prevalence of accidental needle-stick injuries to workers (primarily doctors and nurses) in the Healthcare industry, and the high health risks that such needle-stick accidents pose, the Protect-A-Pal(tm) has been received with open arms by the healthcare community in pre-clinical trials. Lauded by users for its simplicity, ease-of-use, and high safety factor, the new system is unique in that it can be adapted for use on a variety of needle systems, including syringes, intravenous needles and hypodermic needles!
The stock closed yesterday at nineteen cents a share.
In case you are not familiar with the company: The company's 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: Spectrum Signal Processing (Nasdaq:SSPI) up 19.2% on 2 million shares traded, KANA Software, Inc. (Nasdaq:KANA) up 17% on 2.4 million shares traded and VerticalNet, Inc. (Nasdaq:VERT) up 35.9% on 6.6 million shares traded.
Commentary:
"Good news, maybe, for wine lovers. The Supreme Court is set to hear arguments today regarding the selling of wine across state lines. Currently only 24 states allow for mail order wine sales. Many wine lovers and wine producers have their fingers crossed for this one to pass," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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