MIAMI, Jan. 19, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Southwestern Medical Solutions Inc (Pink Sheets:SWNM), TASER International, Inc. (Nasdaq:TASR), Verizon Communications (NYSE:VZ) and SBC Communications Inc. (NYSE:SBC).
Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) issued a press release that may get investor's attention. Late yesterday afternoon, the company announced that it is nearing completion of preparations and agreements for Stage One manufacturing of its first generation Labguard(tm) medical devices. Before the news was released, the company's stock closed at twenty-nine cents a share.
The press release stated the evaluation of several pre-approved facilities for packaging the device into its final pre-shipping state, recently brought management to the conclusion of its choice. Richard Powell, SWNM Vice President of New Product Development commented, "We were very impressed to partake in this process with such professional organizations and to see the high level of enthusiasm shared by them to be involved with our Labguard(tm) product line. It is not often that a company has the opportunity to be the supplier of packaging for such large volume products."
SWNM will, under license, work with its new packaging supplier to move product through the phases of sterility, insertion of IFU's, to final closure of its medical grade wrapper and packing into its box and case lots for shipping. This process can be an expensive stage for any company to undergo, especially meeting federal guidelines. Following a thorough analysis of medical packaging providers, SWNM is now poised to bring a professional product and package to market within its budget, thus providing the medical community with a leading-edge product that offers many desirable advantages over conventional devices, and at an attractively affordable price to all.
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 yesterday were: TASER International, Inc. (Nasdaq:TASR) up 0.6% on 12.5 million shares traded, Verizon Communications (NYSE:VZ) up 2.2% on 12 million shares traded and SBC Communications Inc. (NYSE:SBC) up 1.9% on 13.9 million shares traded.
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