WESTON, Fla., Feb. 16, 2005 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Diabetic Treatment Centers of America, Inc. (OTCBB:DBTC), Health Management Associates, Inc. (NYSE:HMA), Laboratory Corp. of America (NYSE:LH) and Circuit City Stores, Inc. (NYSE:CC).
Aggressive investors and traders need to look at Diabetic Treatment Centers of America, Inc. (OTCBB:DBTC) this morning! Yesterday after the markets closed, the company issued a press release announcing the execution of a Letter of Intent with Activate Your Metabolism.
This could be great news for investors! "Activate Your Metabolism (AYM) provides an incredible therapy for the de-conditioned (disabled, elderly, and sedentary persons) market. This targets the early stage diabetic patient. Coupled with our Pulse Insulin Therapy for critical stage diabetics, we will now be able to provide quality medical care to a larger portion of the diabetic community," said Arden Oliphant, CEO of Diabetic Treatment Centers of America, Inc.
"By combining the AYM program with the Diabetic Treatment Centers of America business platform, we begin to build a very exciting opportunity for diabetic sufferers. Diabetics will now be able to live more normal lifestyles, and enjoy a better quality of life," said Patty Davis of Activate Your Metabolism.
The Letter of Intent which was executed by both parties provides for the negotiation of the final joint venture terms, is non-binding on both parties and subject to the completion of due diligence considered normal and customary in transactions of this type.
Investors continue to watch this company's progress! On Monday, it issued a press release announcing that the company has received over 600 new patient applications.
"The number of new patient applications for Pulse Insulin Therapy is a direct indication of the demand for effective diabetes treatment. This overwhelming response for treatment provides further evidence supporting our aggressive expansion plans. More diabetics need treatment than can current U.S. facilities can accommodate," said Arden Oliphant CEO Diabetic Treatment Centers of America, Inc.
For more in-depth coverage of Diabetic Treatment Centers, visit http://www.backissuesofnewsalerts.us/DBTC0215.html
Prior to yesterday's press release, the stock closed yesterday at Seventy Five cents a share.
In case you are not familiar with the company: Based in Salt Lake City, Utah, DTC of America is dedicated to providing effective medical therapies to diabetics that will significantly improve their health and well being. The company offers a true breakthrough in the treatment of Diabetes: Pulse Insulin Therapy (PIT). PIT was recently approved for reimbursement by Medicare and major insurance companies.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Health Management Associates, Inc. (NYSE: HMA) up 0.7% on 3 million shares traded, Laboratory Corp. of America (NYSE: LH) up 1.6% on 3.3 million shares traded and Circuit City Stores, Inc. (NYSE: CC) up 16.1% on 26.3 million shares traded.
Commentary:
"The Dow hit a high for 2005 at 10,815 with merger talks still hot and good news from corporate sales like Applied Material earnings up 251%. Additionally, the U.S. dollar bounced back against other currencies, especially the Euro, with the additional economic data," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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