MIAMI, Feb. 15, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: Wellstone Filters (OTCBB:WLSF), Nextel Communications (Nasdaq:NXTL), EMC Corporation (NYSE:EMC) and Conexant Systems, Inc. (Nasdaq:CNXT).
Wellstone Filters (OTCBB:WLSF) issued a press release late yesterday afternoon that may excite investors. The company announced that it is advancing its plans to distribute cigarettes with its patented filter in Eastern Europe. The company's stock closed at ninety six cents a share.
The press release stated that Wellstone Filters has been invited to present its revolutionary patented filter at the Moscow Archimedes Trade Fair to be held March 15 to 18, 2005 in Moscow, Russia. The Archimedes Trade Fair brings together parties from the high technology industry in Russia with representation from the business and the scientific community, including the Russian Academy of Sciences. Wellstone will be a keynote speaker at Archimedes and intends to arrange distribution and/or manufacturing of its cigarette brand in Russia.
In Russia, the fourth largest tobacco market in the world, 70% of men and 30% of women smoke, with similar percentages for Ukraine and Belarus. Russian smokers are not brand loyal and there is ample opportunity for a new brand to earn market share.
The press release also stated Wellstone believes that its patented filter formulation removes tars and certain carcinogens, with the aim of reducing smoking deaths, 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 future Wellstone tobacco products.
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.
Other Stocks of interest yesterday: Nextel Communications (Nasdaq:NXTL) down 0.03% on 21.4 million shares traded, EMC Corporation (NYSE:EMC) down 0.6% on 15.6 million shares traded and Conexant Systems, Inc. (Nasdaq:CNXT) up 3.1% on 13 million shares traded.
The release is provided by Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Wellstone Filters (OTCBB:WLSF). The compensation is forty two thousand dollars from non-affiliated third party, Segue Consulting Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
The information contained in this press release is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. Stock Market Alerts LLC is an advertising company and therefore, this release should be viewed for informational purposes only.
The company relies exclusively on information gathered on the public company, such as public filings, press releases and its web sites. Investors should use the advertising information contained in this release as a starting point for conducting additional research on the public company in order to allow the investor to form his or her own opinion regarding the public company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.
Investing in the public company that this release is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment.
This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.