MIAMI, Jan. 4, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Southwestern Medical Solutions Inc (Pink Sheets:SWNM), Biopure Corporation (Nasdaq:BPUR), Horizon Offshore, Inc. (Nasdaq:HOFF) and Applied Materials, Inc. (Nasdaq:AMAT).
Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) issued a press release late yesterday afternoon that may excite investors. The company announced that its Labguard development efforts have created new manufacturing technologies with the potential to allow increased production of the Labguard system at significantly lower costs than had been originally projected. The company's stock closed at twenty cents a share.
The press release stated that manufacturing improvements allow the company to continue exploring exciting applications for the Labguard products, while at the same time, providing the opportunity to quickly take a great concept to the sellable product stage in a shorter period of time, as compared to traditional conventional manufacturing processes.
Vice President of New Product Development Richard Powell stated, "Our timelines for bringing new product ideas to market have been dramatically reduced through innovative manufacturing processes which we intend to patent. Providing a technically advanced product at an economically attractive price to the worldwide healthcare community is at the core of Southwestern Medical Solution's goals."
Southwestern Medical will continue to explore these exciting avenues to determine which organizations will play essential roles in commercializing Labguard and expanding the market presence.
Southwestern Medical Has The Solution -- 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, the Labguard system 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 drug screening, HIV testing, etc. are currently in the design, prototype and/or testing stages.
Other Stocks of interest Monday: Biopure Corporation (Nasdaq:BPUR) up 16.9% on 64.9 million shares traded, Horizon Offshore, Inc. (Nasdaq:HOFF) up 21% on 49.9 million shares traded and Applied Materials, Inc. (Nasdaq:AMAT) down 1.6% on 33.2 million shares traded.
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