WESTON, FL -- (Marketwire) -- 08/07/08 -- Wall Street News Alert's "stocks to watch" this morning are: Universal Detection Technology (OTCBB: UNDT), RAE Systems Inc. (AMEX: RAE), The Shaw Group Inc. (NYSE: SGR) and Thermo Fisher Scientific Inc. (NYSE: TMO).
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Major breaking news has been issued by Universal Detection Technology (OTCBB: UNDT), and investors are going to want to monitor the stock closely this morning! Yesterday, the company, a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, issued a press release announcing that it has received a contract to provide handheld assays for bioterrorism detection for the 2008 Beijing Olympics and has fulfilled the contract by delivering the equipment to Beijing ahead of the Olympic Games.
This is great news for the company and its investors, as according to the press release, the handheld devices are designed to detect anthrax, ricin, botulinum toxin, plague and SEBs in as little as 3 Minutes. "The contract for the bioterrorism detection kits comes on the heels of our contract to provide radiation detection equipment for the Olympics," said Mr. Jacques Tizabi, UNDT's Chief Executive Officer. "We are proud to have contributed to the safety of the Olympics games," he added.
The press release states UNDT's 5-agent bioterrorism detection kits have been extensively used by first responders and private industry throughout the country. Testing of the kits by the U.S. DOD, as well as the United Kingdom military, show that the kits show no cross-reactivity with near neighbor species and no false positives with commonly encountered "white powders." The kits will be optimally used to test suspicious powders in any of the numerous Olympics venues.
The threat of a bioterrorist attack with deadly anthrax has once again come to the forefront of the nation's concerns with the recent suicide of the suspect in the 2001 anthrax mailings in the United States. Bioterror experts warn that an attack is only going to become easier to launch as the same work that has spawned countless new biotech medical treatments continues to advance. "Unfortunately, there's going to be a dark side," says Randall Larsen, Director of the Institute for Homeland Security, a Virginia-based think tank. The biotech revolution, he said, is making it "easier for non-state actors to develop sophisticated bioweapons."
The contract to supply UNDT's bioterrorism detection equipment for the 2008 Beijing Olympics has come from F&D International Corporation.
Investors are urged to continue to monitor the progress of the company!
The stock closed Wednesday at Three cents a share.
For a recent Wall Street News Alert's in-depth profile of Universal Detection Technology, visit http://www.WallStreetNewsAlert.com/HotStocks/UNDT080608/default.aspx.
RAE Systems Inc. (AMEX: RAE) up 6.6% on 70,000 shares traded.
RAE Systems is a leading global provider of rapidly deployable sensor networks that enable customers to identify safety and security threats in real time. Products include multi-sensor chemical detection networks, wireless gas detection systems and radiation monitors for energy production and refining, industrial and environmental safety, and public and government first responder security.
The Shaw Group Inc. (NYSE: SGR) up 2% on 1.1 million shares traded.
The Shaw Group Inc. is a leading global provider of technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation and facilities management services for government and private sector clients in the energy, chemicals, environmental, infrastructure and emergency response markets.
Thermo Fisher Scientific Inc. (NYSE: TMO) up 1.3% on 3.1 million shares traded.
Thermo Fisher Scientific Inc. is the world leader in serving science, enabling our customers to make the world healthier, cleaner and safer. Fisher Scientific provides a complete portfolio of laboratory equipment, chemicals, supplies and services used in healthcare, scientific research, safety and education. Together, we offer the most convenient purchasing options to customers and continuously advance our technologies to accelerate the pace of scientific discovery, enhance value for customers and fuel growth for shareholders and employees alike. Visit www.thermofisher.com.
"Oil prices dipped briefly under $118 on Wednesday after a jump in U.S. crude and other fuel supplies fed beliefs that high energy prices are eating into demand. Light, sweet crude for September delivery finished the session down 59 cents at $118.58 a barrel on the New York Mercantile Exchange. Prices earlier fell as low as $117.11, the lowest since May 2 and slightly more than $30 below their trading high of $147.27, reached July 11," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. For current services performed for Universal Detection Technology (OTCBB: UNDT), WSCF has been compensated Four Hundred Thousand shares, by a third party (Wang Finance), who is non-affiliated and may hold a significant position in the stock. WSCF holds all of those shares as of this release, but intends to immediately begin selling its shares as this release is being circulated. Also in 2008, WSCF was previously compensated One Hundred and Fifty Two Million shares of Universal Detection Technology prior to the company's symbol change, by a third party (Zebra Equities), who is non-affiliated and may hold a significant position in the stock. WSCF has sold all of those shares. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
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