SOURCE: Wall Street News Alert

August 03, 2005 09:43 ET

Breaking Traders Alert: PSVI Announces Completion of Audit of Its Consolidated Financial Statements!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- August 3, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Preservation Sciences, Inc. (OTC: PSVI), Motorola, Inc. (NYSE: MOT), Gen-Probe Inc. (NASDAQ: GPRO) and eBay (NASDAQ: EBAY).

Once again, Preservation Sciences, Inc. (OTC: PSVI) should be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a research and development company that manufactures and markets preservative technologies, issued a press release announcing the completion of its 2004 financial statement audit by Pender, Newkirk, & Company, CPAs.

The news of the completed audit could be welcomed by investors! Mr. Gary Harrison, Chairman and Chief Executive Officer, stated, "One of the main objectives our shareholders have wanted is updated financial information about the company. This is the fourth independent audit completed, and the company is working on providing interim financials for 2005 too."

Watch this company! Mr. Harrison further stated that, "The positive effects of the restructuring which took place during the first and second quarters of 2005 are footnoted in the audit as subsequent events. The company was able to convert debt into stock. This had a very important impact on the balance sheet by reducing the debt, and increasing the capital to the company."

Investors should continue to monitor the progress of Preservation Sciences for further developments! The 2004 and 2003 consolidated financial statements are available at the company's website at on the "Company News" section of the website. All shareholders on the record date will receive a proxy to vote their shares, as well as a hard copy of the 2004 and 2003 audit.

For updated in-depth coverage and a company profile of Preservation Sciences, visit

Prior to yesterday's press release, the stock closed at Forty Five cents a share.

In case you are not familiar with the company: Preservation Sciences, Inc. researches, manufactures and markets preservative products for the food, beverage and industrial markets. More information is available on the company's Web site at

Stocks showing interesting activity yesterday at the close of the regular trading day were: Motorola, Inc. (NYSE: MOT) up 1.3% on 24.5 million shares traded, Gen-Probe Incorporated (NASDAQ: GPRO) up 9% on 3.1 million shares traded and eBay (NASDAQ: EBAY) up 2.6% on 23.9 million shares traded.


"The 'employee discount' sales campaigns at Ford, GM, and Daimler Chrysler spurred the big three automakers to a great sales month for July. GM was up 20% over July of 2004, Chrysler Group up 27%, and Ford up 29%. Discounts have been extended on new 2006 models now as well. Ford and Chrysler will also extend its 'employee discounts' through September 6," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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