WESTON, Fla., July 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Austin Medical Technologies, Inc. (Pink Sheets:AMTK), Bonso Electronics International (Nasdaq:BNSO), Secure Computing Corp. (Nasdaq:SCUR) and Spanish Broadcasting System (Nasdaq:SBSA).
Aggressive investors and traders need to be watching Austin Medical Technologies, Inc. (Pink Sheets:AMTK) this morning! Yesterday after the markets closed, the company issued a press release announcing its highlights for the first six months of 2004!
This should be great news for investors! Included in the list of highlights was information detailing the following: substantial sales growth, in which the company stated a significant increase in the first and second quarter of 2004 over the same period 2003, as well as an increase for 2003 over 2002; new executives and advisors that have joined Austin Medical Technologies; new strategic alliances, partners and ventures; and a significant number of customer contracts. All this seems to point at this company's commitment to its future success. Take a look at the July 12th, 2004 press release for all the explosive details.
Investors need to keep their eyes on this company! Austin Medical Technologies delivers "DIRECT" from the manufacturer to the surgeon, the only technology-based, "Single Source Supply Solution" for custom sterile surgery trays made up of 80% of all disposable surgical devices utilized in surgery. Currently the company has contracted with 200 eye surgery centers including the 2 largest eye surgery centers in the USA. The market for custom sterile surgery trays is a $2.1 Billion market here in the USA.
The stock closed yesterday at about Ten cents a share.
In case you are not familiar with the company: Austin Medical is dedicated exclusively to the Ambulatory Surgery Center (ASC) market. Ambulatory Surgery Centers (ASC), also called outpatient surgery, and same-day surgery, refers to surgical procedures which are complex enough to require a dedicated operating room and specially trained staff, but do not require an overnight stay. According to 1996 U.S. government statistics, ambulatory surgery centers account for 31 million or 44% of the total surgeries performed in the United States. Five million surgeries were performed on eyes. New surgical techniques such as laser surgery allow procedures to be done more quickly and/or with less surgical trauma.
Under the brand name eyeDirecti, Austin Medical is initially focused on Ophthalmology owned and operated surgery centers which is the fastest growing segment of the ASC market, growing by 25% per annum, consisting of 2,500 practices with 15,000 surgeons performing over 5 million surgical procedures annually at a supply cost of $400,000,000 per year.
Stocks showing interesting activity yesterday at the close of the regular trading day were: Bonso Electronics International (NASDAQ: BNSO) up 69.6% on 2.8 million shares traded, Secure Computing Corp. (Nasdaq:SCUR) up 10% on 2.8 million shares traded and Spanish Broadcasting System (Nasdaq:SBSA) up 6.1% on 788,400 shares traded.
Commentary:
"Inflation will be measured this Thursday as the consumer-price index is revealed for June, and the producer-price index also comes out. Also on Thursday the Congressional Budget Office will reveal the fiscal 2004 budget deficit," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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