Wall Street News Alert: Investment Watch: ERUC! October 16, 2007
Market Wire, October, 2007
Wall Street News Alert's "stocks to watch" this morning are: ER Urgent Care Centers (PINKSHEETS: ERUC), Insmed Inc. (NASDAQ: INSM), Telik, Inc. (NASDAQ: TELK) and Syntax-Brillian Corporation (NASDAQ: BRLC).
ER Urgent Care Centers (PINKSHEETS: ERUC) is on the move and investors are going to want to watch the stock very closely. Monday after the markets closed, the company, a one-stop-shop where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits, issued a press release announcing that it has signed Ulysses Felder as General Counsel.
This could be great news for ERUC, as Mr. Felder has an extensive background in both acquisitions and mergers! He has been general counsel for Hall Investments and worked as an attorney for Ruden McCloskey. The press release states he has been on the management team of Lockheed-Martin and MCI telecommunications in Washington, DC. Mr. Felder has a degree from Florida State University and a Masters from Central Michigan University and his Juris Doctorate degree from Clarke School of Law.
"We are very proud to have added such a prominent attorney to our team. His extensive background in both investments and acquisitions will be a major part of our future growth," said Jerry Miller, Founder.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress ER Urgent Care Centers! The company also stated last week that it has filed its SB-2 registration with the Security and Exchange Commission. The company had announced previously its intention of becoming a fully reporting company under the 1934 Act, and today made it official. Furthermore, the press release states that the company is next filing to be listed on the OTCBB following the effectiveness of the SB-2.
"This is a monumental day for ER Urgent Care Center we are now poised to move forward as a fully reporting company with the next step the OTCBB," said Jerry Miller. "Upon the effectiveness of the registration we will make a public announcement for the benefit of our shareholders and future shareholders."
Before the news was released, ERUC closed Monday at around Nine cents a share.
ERUC Management Company Inc. operates ER Urgent Care Centers in the South Florida area. The "true, bona-fide," "Urgent Care Center" is a one-stop-shop where patients can receive premier health care, after-hours, at a fraction of the cost of emergency room visits. With the "Urgent Care Center" model emergency rooms will no longer lose money on ER patients with minor injuries and illnesses and the HMOs will no longer have to pay exorbitant claims for non-admitted patients. ER Urgent Care Centers create a win-win situation for everyone, filling the financial and service gap between primary care physicians (PCPs) and hospital emergency rooms.
Insmed Inc. (NASDAQ: INSM) up 8.5% on 3.3 million shares traded. Insmed, a development stage biopharmaceutical company with extensive expertise in protein drug development, is pursuing a dual path strategy involving entry into the follow on biologics arena (also known as biosimilars, biogenerics and biologics) when the patents covering the innovator products expire, and advancing its proprietary protein platform into niche markets with unmet medical needs.
Telik, Inc. (NASDAQ: TELK) up 13.8% on 8.9 million shares traded. Telik, Inc. of Palo Alto, CA is a biopharmaceutical company focused on discovering, developing and commercializing novel small molecule drugs to treat serious diseases. The company's most advanced drug development candidates are TELCYTA®, a tumor-activated small molecule product candidate in clinical development for the treatment of advanced ovarian cancer and non-small cell lung cancer; and TELINTRA(TM), which is in clinical development for the treatment of myelodysplastic syndrome.
Syntax-Brillian Corporation (NASDAQ: BRLC) up 4.4% on 5.4 million shares traded. Syntax-Brillian Corporation ( www.syntaxbrillian.com ) is a leading designer, developer, and distributor of LCD and LCoS(TM) HDTVs, digital cameras, and microdisplay entertainment products. The company's lead products include its Olevia(TM) brand ( www.Olevia.com ) high definition widescreen LCD and LCoS(TM) televisions -- one of the fastest growing global TV brands -- and Vivitar brand ( www.vivitar.com ) digital still and video cameras. Syntax-Brillian has built an Asian supply chain coupled with an international manufacturing and distribution network to support worldwide retail sales channels and position the company as a market leader in consumer digital entertainment products.
Market Commentary:
"Reporting earning this week will be Citigroup Inc., Bank of America, JPMorgan Chase, Wachovia, and Wells Fargo. All are heavily invested in the subprime mortgage securities that have been such a pain-in-the-bottom-line for companies. Citigroup reported that third-quarter net income dropped to $2.38 billion from $5.51 billion the previous year quarter, a drop of 57%," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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