SOURCE: Bellwether Report

July 25, 2005 14:19 ET

BWR Issues Gainer Alerts for Shareholders of FORD, TLGB, RNAI and SWATU

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by The Bellwether Report.

TORONTO -- (MARKET WIRE) -- July 25, 2005 -- The Bellwether Report is the leading online financial newsletter, focusing on small-cap emerging growth opportunities. We strive to introduce investors to truly undervalued opportunities in a time-friendly fashion, allowing for optimal entry points and profitable exit points. Today, BWR will be evaluating the days four most promising companies on the Nasdaq Exchange: Forward Industries (NASDAQ: FORD), Teleglobe (NASDAQ: TLGB), Sirna Therapeutics (NASDAQ: RNAI) and A4S Security (NASDAQ: SWATU). For more information on BWR or any of the above-mentioned companies, feel free to visit for a free. no-obligation, 30-day trial of our service.

Forward Industries is trading up 25% today, surpassing their previous 52-week high of $23.38, raising the mark to $24.96. Today's surge is due to record third quarter results involving net sales of $13.11 million, a $7.86 million increase. BWR will follow this company over the ensuing weeks to see if they can maintain today's market correction.

Teleglobe today announced it has entered into a definitive agreement to be acquired by Videsh Sanchar Nigam. Teleglobe shareholders will receive $4.50 per common share in cash. Currently, shares are trading up 17% on a higher-than-average volume. BWR will continue our aggressive due diligence over the ensuing weeks to see the long- and short-term effects of this amalgamation.

Sirna Therapeutics announced today that the United Kingdom Patent Office has granted the company two patents. The first patent covers any siRNA with one or more chemical modifications targeting Vascular Endothelial Growth Factor. The second patent covers any chemically modified siRNA targeting Hepatitis C Virus. Currently, shares in this company are trading up 15%. BWR will be following this company closely over the next 30 days to see whether they'll be able to continue today's upward momentum.

A4S Security is trading up an impressive 30% as today they announced the completion of their initial public offering of Units of its securities consisting of 1,200,000 shares of its common stock and 1,200,000 common stock purchase warrants, priced at $6.00 per Unit. The company has listed on both the Nasdaq Small Cap Market and ArcaEx. BWR will keep A4S Security at the top of our radar to gauge the long-term effect of today's announcement.

Any information that we find on the above-mentioned companies will be posted at

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The Bellwether Report to date has not been compensated by any of the above-mentioned companies.

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