Wall Street News Alert: Breaking Stock Alert - MEVT! October 29, 2008
Market Wire, October, 2008
Wall Street News Alert's "stocks to watch" this morning are: MSE Enviro-Tech Corp. (PINKSHEETS: MEVT), GE (NYSE: GE), Apple Inc. (NASDAQ: AAPL) and Intel (NASDAQ: INTC).
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With major news released this week, MSE Enviro-Tech Corp. (PINKSHEETS: MEVT) should have the attention of investors and traders this morning. Recently, the company issued a press release announcing that in collaboration with Hartindo supplier Megola Inc., it is pleased to report that, following extensive independent product testing, its Hartindo AF31 Fire Extinguisher and Fire Inhibitor meets the fire fighting effectiveness and environmental requirements necessary to successfully battle forest fires.
This should be a great addition for the company, as the press release states that ongoing certification of Hartindo AF31 is moving the Company forward rapidly toward market launch and the roll out of sales and distribution efforts in key forest fire regions across the country. Initial feedback from marketing studies and from the Company's growing network of potential distributors/users has been positive.
The press release states that AF31 has been used to successfully fight forest fires in Malaysia and other areas of the Far East. AF31 fire fighting compound, soon to be certified for North American markets, represents an opportunity to significantly assist in fighting forest wildfires. The environmentally friendly and very effective anti-fire liquid can be applied to structures such as houses, and areas around the houses, and may thus prevent the home from being destroyed by encroaching forest fires.
Importantly, AF31 may be applied to trees and other vegetation to create an effective "fire barrier," as it renders the plants non-flammable until the AF31 is eventually washed off of the vegetation by rain. Significantly, AF31 is biodegradable, water soluble, and will not kill the trees or other vegetation.
A recent report from the U.N. Food and Agriculture Organization cautions that climate change is making forest fires around the world bigger and more intense, increasing the threat to people and the environment, and costing countries millions in damage and firefighting expenses. Upon final certification of MSE's environmentally friendly AF31 Fire Extinguishing/Fire Proofing compound, the Company intends to address the large and growing market for such technologies to combat the growing and enormously expensive incidence of forest fires across the nation.
Investors are urged to monitor the progress of the company! The North American anti-fire market potential may be viewed as enormous, particularly for leading edge products such as the Hartindo line which, in addition to having very effective fire suppression and fire inhibiting qualities, are also environmentally friendly -- a coveted quality that many anti-fire products cannot offer. Significant growth in MSE Enviro-Tech Corp.'s overall target market(s) is anticipated in light of the sharp rise in forest fires in recent years owing to climate change, as well as the increasing environmental consciousness and need for more environmentally friendly fire extinguishers.
The stock closed yesterday at Forty-Five cents a share.
For an in-depth profile of MSE Enviro-Tech, visit http://www.wallstreetnewsalert.com/HotStocks/MEVT102808/default.aspx .
GE (NYSE: GE) up 9.9% on 139.5 million shares traded.
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
Apple Inc. (NASDAQ: AAPL) up 8.4% on 58.4 million shares traded.
Apple ignited the personal computer revolution in the 1970s with the Apple II and reinvented the personal computer in the 1980s with the Macintosh. Today, Apple continues to lead the industry in innovation with its award-winning computers, OS X operating system and iLife and professional applications.
Intel (NASDAQ: INTC) up 11.2% on 102.3 million shares traded.
Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live.
Market Commentary:
"Oil continues to fall ahead of the government's weekly inventory report, which has shown in stark numbers how much Americans are cutting back on energy costs. Light, sweet crude for December delivery fell 49 cents to settle at $62.73 a barrel on the New York Mercantile Exchange, the lowest closing price since May 15, 2007," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com .
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