WESTON, Fla., March 16, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this Wednesday morning are: Universal Detection Technology (OTCBB:UDTT), GrafTech International Ltd. (NYSE:GTI), Sonus Networks, Inc. (Nasdaq:SONS) and Telesystem International Wireless (Nasdaq:TIWI).
Aggressive investors and day traders should be watching Universal Detection Technology (OTCBB:UDTT) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has appointed Mr. Nima Montazeri as the Vice President of Strategic Development.
This could be more good news for investors! According to the UDTT's CEO, Jacques Tizabi, "Mr. Montazeri brings a wealth of experience and knowledge in forming domestic and global alliances for distribution of our bio-terror detection units. We look forward to Mr. Montazeri actively leading the company's production process and its alliances with Original Equipment Manufacturers (OEM) for timely, effective and efficient delivery of goods to various markets." Mr. Montazeri will be responsible to seek and execute global distribution opportunities.
Investors continue to watch this company's progress! Just last week we reported that the company issued a press release announcing that it has installed an Anthrax Smoke Detector (ASD) unit at a major hotel in Orange County, CA. Jacques Tizabi, UDTT chairman and CEO, stated "The installation of UDTT's Anthrax Smoke Detector at a large scale hotel with huge traffic is a major milestone in our marketing efforts which we initially have targeted to larger venues."
For more in-depth coverage of Universal Detection Technology, visit http://www.sommor.com/UDTT0315.html
Prior to the press release, the stock had closed at thirty cents a share.
In case you are not familiar with the companies: Universal Detection Technology (UDT), founded in 1973, is a developer of monitoring technologies, including bio-terrorism detection devices. Management believes that the Company's technology, together with third party technologies and devices, has positioned it to capitalize on growth and value opportunities related to Homeland Security. Universal Detection Technology, in cooperation with NASA's Jet Propulsion Laboratory (JPL) has developed a bio-terror 'smoke' detector, which combines JPL's spore detection technology with UDTT's aerosol capture device. For more information, please visit http://udtt.invrel.net or http://www.udetection.com.
Stocks showing interesting activity yesterday at the close of the regular trading day were: GrafTech International Ltd. (NYSE:GTI) down 26.6% on 12.8 million shares traded, Sonus Networks, Inc. (Nasdaq:SONS) even on 9.9 million shares traded and Telesystem International Wireless (Nasdaq:TIWI) up 2.4% on 8.5 million shares traded.
Commentary:
"The New York and the Philadelphia Reserve Bank released data regarding manufacturing in their areas. Both reported increases of inventories at manufacturing facilities," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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Recently, Universal Detection Technology (OTCBB:UDTT) was among 112 over-the-counter bulletin board companies identified on the most recent NASDAQ Threshold Security List; mandated by U.S. Securities and Exchange Commission Regulation SHO.
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