WESTON, Fla., April 27, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Southwestern Medical Solutions Incorporated (Pink Sheets:SWNM), Amgen Inc. (Nasdaq:AMGN), Johnson & Johnson (NYSE:JNJ) and The Agere Systems, Inc. (NYSE:AGR.A).
Aggressive investors and day traders may have their sights set on Southwestern Medical Solutions, Inc. (Pink Sheets:SWNM) again this morning! Yesterday after the markets closed, the company issued a press release announcing with the ongoing success of the patented Labguard(tm) systems in current clinical trials, the process of manufacturing the product as an OEM licensed medical product for two major U.S. medical suppliers has begun.
This could be one more step in the right direction for investors! The official licensed OEM version of the Labguard(tm) will be packaged as a unit to be marketed and sold under each distribution company's label. Through its relationships with two major medical distribution companies, SWNM will launch its private labeled product along with the OEM version of the Labguard(tm) to further enhance market presence and sales volume. Positive clinical evaluations to date have prompted major suppliers to the healthcare community to request OEM private labeled versions for their respective companies.
Investors continue to watch this company's progress! As previously reported, the results of preliminary in-house testing exceeded management's expectations and early indications from clinical testing are similarly positive. SWNM is optimistic that the Labguard(tm) device will be brought to market ahead of schedule through a system of distributors. The Labguard(tm) system sets a new benchmark in testing which has no match in the healthcare industry. It will provide a safe, economic and comprehensive health screening analysis to companies & clinicians, and also will be packaged and marketed for home use. Southwestern hopes to complete the clinical testing phase and introduce the Labguard(tm) system, without undue delay. SWNM is also in the process of filing patents for its production molding engineering processes
For more in-depth coverage of Southwestern Medical, visit http://www.backissuesofnewsalerts.us/SWNM0426.html
Prior to yesterday's press release, the stock closed yesterday at around fifteen cents a share.
Southwestern Medical believes that it has the solution! The Company's proprietary Labguard(tm) 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 clinical testing/prototype stage, Labguard(tm) has attracted expressions of strong interest from several major medical-device distribution companies, both in the U.S. and abroad. Numerous applications of the Labguard(tm) to address specific market needs, such as non-invasive HIV testing, are currently in the design, prototype and/or testing stages. Southwestern Medical is also involved in prototype design and testing of the promising Protect-A-Pal(tm) needle safety device, to which it now owns the world marketing rights.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Amgen Inc. (Nasdaq:AMGN) down 1.4% on 8.5 million shares traded, Johnson & Johnson (NYSE:JNJ) down 0.7% on 5.8 million shares traded and The Agere Systems, Inc. (NYSE:AGR.A) down 8.2% on 7.3 million shares traded.
Commentary:
"The Commerce Department announced today that new home sales for March leaped to an unexpected 12%. This would make it a seasonally adjusted rate of 1.431 million units; economists were expecting 1.302 million units, and it was the biggest gain in nearly 12 years. Some of the fuel that is fanning the hot flame of the real estate markets is still low 30-year mortgage rates averaging under 6%, some say it is because of fear that the Federal Reserve will continue to raise rates this year and make housing less affordable. Rates averaged 5.80% last week for a 30-year mortgage," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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