WESTON, Fla., Jan. 4, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Wellstone Filters (OTCBB:WLSF), RF Industries Ltd. (Nasdaq:RFIL), McLeodUSA, Inc. (Nasdaq:MCLD) and Wal-Mart Stores, Inc. (NYSE:WMT).
Aggressive investors and traders may want to start the new year off by watching Wellstone Filters (OTCBB:WLSF)! Yesterday after the markets closed, the company issued a press release announcing that it has signed an agreement to acquire and distribute Silverton brand cigarettes, as soon as February 1, 2005.
This news could be great for investors! Wellstone still plans to introduce its Wellstone Brand by April, 2005, after FTC approval for Wellstone packaging has been received, but management has determined to take advantage of an opportunity to capture market share immediately and generate revenues as soon as possible. Wellstone plans to include their revolutionary new filter into The Silverton line as soon as possible.
Investors continue to watch this one as the company progresses! In addition, marketing the Silverton Brand will provide Wellstone with immediate cash flow and the potential to capture more shelf space and market share in the discount market. The transaction with Silverton is consistent with Wellstone's goal to introduce its patented filter into a greater percentage of existing brands -- and consequently a greater percentage of the cigarettes smoked. Wellstone is not required to pay Silverton's for the brand acquisition, but only a modest license fee based on sales.
According to the company's press release, Wellstone is interested in entering into similar distribution or licensing agreements with companies in the growing discount segment of the cigarette market, estimated to be 12% of the existing market. Wellstone's goal is to become the largest company in the growing discount cigarette market. Wellstone believes its patented filter formulation will enhance the flavor of many of the discount tobacco brands.
Wellstone believes that its patented filter formulation removes tars and certain carcinogens, while providing better taste. However, any claim as to the benefit 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 Wellstone tobacco products.
For more in-depth coverage of Wellstone, visit http://216.63.242.254/WLSF0103.htm
The stock closed yesterday at $1.31 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 thought to be associated with the pleasurable effects of smoking. Wellstone seeks to promote material for cigarette filters that will enable 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: RF Industries Ltd. (Nasdaq:RFIL) up 58.5% on 2.4 million shares traded, McLeodUSA, Inc. (Nasdaq:MCLD) up 13.8% on 27.9 million shares traded and Wal-Mart Stores, Inc. (NYSE:WMT) up 1% on 16 million shares traded.
Commentary:
"Markets fell short of the green on Monday, the first day of trading in the New Year. This even after good news from Wal-Mart, claiming that a last week buying spree along with gift cards, helped the final sales for December. Falling oil prices and a slight gain of the dollar also did not bring the indexes out of the red," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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