SOURCE: Wall Street News Alert

June 14, 2005 08:57 ET

Breaking Market News! June 14, 2005

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

WESTON, FL -- (MARKET WIRE) -- June 14, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: WaveScribe International Corp. (OTC: WSBL), Sun Microsystems, Inc. (NASDAQ: SUNW), Pfizer Inc. (NYSE: PFE) and Cisco Systems, Inc. (NASDAQ: CSCO).

WaveScribe International Corp. (OTC: WSBL) may appear on the radar screens of aggressive investors and traders this morning! Yesterday after the markets closed, the company issued a press release emphasizing the importance and size of the medical transcription market.

Recently, speech recognition solution provider ScanSoft acquired the transcription platform provider MedRemote in a deal valued at more than $12 million in stock and cash.

Details of the sheer market size in which WaveScribe operates could excite investors! The healthcare industry spends approximately $15 billion annually on transcription production. According to the company's press release, WaveScribe understands the magnitude of this and seeks to capture 1% of this growing market. WaveScribe President and CEO Cris Bahar stated, "We understand why ScanSoft would make this move. It's a natural course for them to pursue and validates what we have said for quite some time. WaveScribe continues to stress the importance of the medical transcription industry in our on-demand world. Hence, WaveScribe's on-demand word processing platform and services encompasses the medical transcription industry in addition to other fields that require mass document processing such as general business, legal and lectures on a global basis rather than only U.S.-based."

Investors continue to watch the progress of WaveScribe! WaveScribe offers the first web-based transcription software that was designed, developed, and deployed by transcriptionists. Documents created through WaveScribe have a 128-bit security encryption, HIPAA and Privacy Law compliance. Access to a transcribed document for editing, reprints, updates, 24 hours a day in a simplified and cost-effective manner to handle the task of document control is now available. The WaveScribe platform requires no software to purchase, and installation is not required. The typist/transcriptionist utilizing the platform can create documents on the go, including loading pre-existing documents. Traditional methods of dictation such as from tape, digital recorder, dial-in, pushed or PC-generated dictation can be maintained, creating a significant dollar savings.

For more in-depth coverage of WaveScribe International, visit http://www.backissuesofnewsalerts.us/WSBL0613.html

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

Stocks showing interesting activity yesterday at the close of the regular trading day were: Sun Microsystems, Inc. (NASDAQ: SUNW) down 1.3% on 45.9 million shares traded, Pfizer Inc. (NYSE: PFE) up 0.7% on 20.2 million shares traded and Cisco Systems, Inc. (NASDAQ: CSCO) up 0.3% on 37.9 million shares traded.

Commentary:

"Wednesday will bring the consumer-price index numbers for May. The report in April showed that there was a sharp rise, due mainly to energy and food costs. Additionally this week look for earnings announcements from Circuit City, Best Buy, Bear-Sterns, and Goldman-Sachs," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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