WESTON, Fla., April 13, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Healthcare Business Services Groups, Inc. (OTCBB:HBSV), General Motors Corporation (NYSE:GM), BEA Systems, Inc. (NASDAQ:BEAS) and Novell Inc. (NASDAQ:NOVL).
Aggressive investors and day traders may be excited about Healthcare Business Services Groups, Inc. (OTCBB:HBSV) this morning! Yesterday after the markets closed, the company, a provider of full-service medical billing services and practice management solutions and future operator of surgery centers, issued a press release announcing that it has secured a medical billing contract with a large multi-specialty medical clinic and pain management center.
This could be great news for investors! The company's press release states that the contract (a long-term medical billing contract with Multi-Specialty Medical Clinic and Pain Management Center) has the potential to double the company's total revenues in less than a year.
Investors continue to watch the progress of Healthcare Business Services Groups, Inc. Chandana Basu, chief executive officer of Healthcare Business Services Groups, stated, "This contract represents Healthcare Business Services Groups strength and importance in the healthcare services market, a more than $1.7 trillion dollar industry."
Basu continued, "This is the fifth medical billing contract we have signed in the past 30 days. We have successfully been able to increase revenues for our clients between 50% and 200% with our customized billing program and diligent follow-up programs. Such a large contract is significant to the Company and its investors as it represents near and long-term cash flow and the strong upside potential of Healthcare Business Services Groups. We are continuing to pursue additional medical billing contracts to increase the Company's incremental cash flow and are pleased with the continued progress of our campaign."
For more in-depth coverage of Healthcare Business Services Groups visit http://www.backissuesofnewsalerts.us/HBSV0412.html
Prior to yesterday's press release, the stock closed yesterday at around thirty Six cents a share.
In case you are not familiar with the company: Healthcare Business Services Groups, Inc. is a provider full-service medical billing services and practice management solutions nationwide. In addition to its core medical billing services, the Company offers the only fully automated medical billing software product, AutoMed, on the market. Healthcare Business Services Groups also plans to develop and operate surgical centers nationwide to provide full-service, low cost surgical center option to physicians and providers. Visit http://www.thenewhbsgi.com for more information.
Stocks showing interesting activity yesterday at the close of the regular trading day were: General Motors Corporation (NYSE:GM) down 0.8% on 8.6 million shares traded, BEA Systems, Inc. (NASDAQ:BEAS) up 1.2% on 7.7 million shares traded and Novell Inc. (NASDAQ:NOVL) up 1.3% on 14.3 million shares traded.
Commentary:
"Crude oil for may deliveries fell $1.11 to $52.60 per barrel, and one watcher, the International Energy Agency, feels that prices for crude may have hit there high last week and sees a leveling off of prices. Nationwide, the average price of a gallon of gasoline hit a new high of $2.21 per gallon. Many markets are much higher, California reporting at over $3.00 in some coastal communities. This would make a 25 gallon SUV fill-up $75.00. OUCH," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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