MIAMI, Feb. 15, 2005 (PRIMEZONE) -- Stock Market Alert's watch list includes: American Mobile Dental Corp. (Pink Sheets:AMBD), Google Inc. (Nasdaq:GOOG), Pfizer Incorporated (NYSE:PFE) and Hewlett-Packard Company (NYSE:HPQ).
American Mobile Dental Corp. (Pink Sheets:AMBD) issued a press release late yesterday afternoon that may excite investors. The company announced that their dentists have been approved to accept patients enrolled with Doral Dental IPA of New York. The company's stock closed over seven cents a share.
The press release stated that Doral Dental is now one of the largest dental administrators in the country, serving more than 6 million patients. Doral Dental contracts with managed care organizations (MCOs) and state governments to administer dental programs. They currently have operations in 17 states, and serve as an administrator for the Medicaid dental programs in many states.
Dr. Charles D. Randolph, CEO of American Mobile Dental Corp. stated, "This opportunity has now enabled us to approximately double our patient base in our current area of operations. Since February 1, we have already seen a significant rise in revenues due directly to this affiliation."
American Mobile Dental Corp. owns and operates state-of-the-art, mobile dental offices in the Northeast region of the United States. These mobile dental offices are designed to bring quality oral health care to patients that might otherwise find it too difficult, or expensive to seek such services outside their neighborhoods.
The mobile offices will operate primarily in underserved neighborhoods, and near work centers, factories, and industrial parks. Dentists will provide basic dental services including: cleanings, fillings, sealants for children, and orthodontic services. Medicaid eligible and fee for service patients will be able to take advantage of quality dentistry in the neighborhoods where they work and live.
Other stocks of interest yesterday: Google Inc. (Nasdaq:GOOG) up 2.9% on 38.4 million shares traded, Pfizer Inc. (NYSE:PFE) up 1.3% on 23.9 million shares traded and Hewlett-Packard Company (NYSE:HPQ) down 2.4% on 18.6 million shares traded.
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