WESTON, Fla., June 15, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: UgoMedia Interactive Corp (Pink Sheets:UGMI), Atrix Laboratories Inc. (Nasdaq:ATRX), Isonics Corporation (Nasdaq:ISON) and Net2Phone Inc. (Nasdaq:NTOP).
Aggressive investors need to look at UgoMedia Interactive Corp (Pink Sheets:UGMI) (name change to Sciax Corp pending) this morning! Yesterday after the markets closed, the company issued a press release announcing that it has signed a Letter of Understanding with Spatial View Inc. (SVI), a manufacturer of advanced 3D imaging technology.
This could be great news for investors! Sciax intends to explore opportunities that would integrate Spatial View 3D technology in it's defense and industrial product offerings.
"We are very excited about our relationship with Spatial View and the capabilities we can potentially bring to defense and industrial remote viewing markets," stated Ken Smart, founder and President of Sciax. "Spatial View technology can be integrated with our Wolf Pack tactical remote viewing system as well as our Wolf endoscope products. Although Spatial View technology has not yet been integrated into our products, we believe it will be possible to deploy 3D imaging capabilities to help our customers with real world challenges."
Keep your eyes on this company! In defense, the company will test 3D technology in forensics and evidence recovery, reconnaissance, and in certain advanced simulation applications. In the industrial business, there are several areas for the application of 3D technology in remote visual inspection where precise positioning of endoscopes and the ability to measure object sizes or defects can be of critical importance.
The stock closed yesterday between ten and eleven cents a share.
In case you are not familiar with the company: Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of UgoMedia Interactive. A name change from UgoMedia Interactive to Sciax Corporation is pending.
Sciax is the manufacturer of Wolf Pack, the company's tactical remote viewing system used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
Stocks showing interesting activity yesterday were: Atrix Laboratories Inc. (Nasdaq:ATRX) up 12% on 13.3 million shares traded, Isonics Corporation (Nasdaq:ISON) up 8% on 669,100 shares traded and Net2Phone Inc. (Nasdaq:NTOP) up 5% on 1.1 million shares traded.
Commentary:
"This week will see some economic news; the May consumer-price index, CPI, is due Tuesday. The core CPI, the main measure of inflation, is still below 2%; it could rise again as the economy continues to improve, thus accelerating inflation. If that happens, look for the Federal Reserve to signal warnings regarding interest rates, economist say," stated Sonja Rudd in Wall Street News Alert's daily commentary, continued at: http://www.WallStreetNewsAlert.com.
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