Wall Street News Alert's "stocks to watch" this morning are:
Performance Health Technologies, Inc. (OTCBB: PFMH), Oracle
(NASDAQ: ORCL), Microsoft (NASDAQ: MSFT) and Gilead Sciences, Inc.
(NASDAQ: GILD).
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There is important breaking news coming from Performance Health
Technologies, Inc. (OTCBB: PFMH), and investors are urged to
monitor the stock closely this morning! Yesterday after the markets
closed, the company issued a press release announcing that it has
appointed Tommy J. Harris to its board of directors.
This could prove to be a great addition for the company! Mr.
Harris, a resident of Weston, CT who holds a CPA certificate,
brings significant operational and financial experience, with close
to 40 years of finance, operations and business development
experience. He is currently serving as Chief Financial Officer and
a member of the Board of Directors for Vigilant Solutions, LLC
(Vigilant). Mr. Harris is also a private sector participant in the
Transportation Security Administration's Registered Traveler
Program.
The press release states: Prior to joining Vigilant, Mr. Harris
served as Senior Vice President and Chief Financial Officer of
Associated Press, the world's largest news organization. Past
experience also includes serving as Chief Financial Officer and
Chief Operating Officer at Remote Management Systems, Inc. Previous
positions span nearly 20 years in top posts with AOL Time Warner
Inc., including, Chief Financial Officer of Time Warner Cable, an
$8 billion media and telecommunications company, with 40 operating
divisions and more than 30,000 employees. Mr. Harris also
previously managed general audits and SEC compliance requirements
for domestic and international clients during his tenure at Price
Waterhouse & Co.
"PHT's Core:Tx� rehabilitation system is an impressive
combination of technological innovation, clinical knowledge and
understanding of patient needs," said Harris. "I am excited about
the company's potential and pleased to contribute to their
continued growth."
Last week the company reported Robert D. Prunetti, CEO of
Performance Health Technologies, joined its sales, marketing and
distribution partner, Interactive Metronome (IM) during a two-day
sales conference in Fort Lauderdale, Florida to personally
demonstrate the company's Core:Tx� rehabilitation technology and
gather important feedback from the national IM sales force. The
conference provided both PHT and IM with critical information which
will be used to launch a marketing and sales blitz slated for the
fourth quarter of this year! "Movement," the name given to the
initiative, will focus on utilizing field information gathered from
'pilot trials' at various rehabilitation centers, in-service
training sessions with rehab professionals, combined with sales
presentations to sharpen sales techniques. Additionally, "Movement"
will provide feedback for the development of certification courses
for Core:Tx�, software enhancement design for easier use, and will
identify greater opportunities for sales. "Movement," which
includes adding a team of in-house sales professionals, is expected
to lay the groundwork in Q4 of this year for meeting sales
projections beginning January, 2009.
PHT entered into a distribution agreement one year ago with
Interactive Metronome (IM), a leader in the interactive therapy
market, as previously disclosed in PHT's form 10SB, to sell and
distribute Core:Tx� to its network of over 30,000 physical
therapists and leading healthcare institutions, including LifeCare,
The Veteran's Administration, and HealthSouth. Based in Birmingham,
Alabama, HealthSouth is the nation's largest provider of inpatient
rehabilitation healthcare services.
Investors are urged to continue to monitor the progress of the
company!
The stock closed yesterday at Twenty Four cents a share.
For a recent Wall Street News Alert's in-depth profile of
Performance Health Technologies, visit
http://www.WallStreetNewsAlert.com/HotStocks/PFMH101408/default.aspx.
Oracle (NASDAQ: ORCL) down 6.2% on 59.1 million shares
traded.
Oracle is the world's largest enterprise software company.
Microsoft (NASDAQ: MSFT) down 5.4% on 165.6 million shares
traded.
Microsoft is the worldwide leader in software, services and
solutions that help people and businesses realize their full
potential.
Gilead Sciences, Inc. (NASDAQ: GILD) down 3.1% on 13.5 million
shares traded.
Gilead Sciences is a biopharmaceutical company that discovers,
develops and commercializes innovative therapeutics in areas of
unmet medical need.
Market Commentary:
"Americans continue to find relief at the pump as retail gas
prices kept falling. A gallon of regular dropped 4.3 cents
overnight to a new national average of $3.163, according to auto
club AAA, the Oil Price Information Service and Wright Express,"
stated Sonja Rudd in Wall Street News Alert's daily commentary
continued at: http://www.WallStreetNewsAlert.com.
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