SOURCE: Wall Street News Alert

August 16, 2005 09:47 ET

Breaking Traders Alert: Emerging Public Company Announces Nationwide Provider Agreements With Leading HMO and PPO Health Plans!

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

WESTON, FL -- (MARKET WIRE) -- August 16, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: MEDirect Latino Inc. (OTC: MLTO), QUALCOMM Incorporated (NASDAQ: QCOM), EMC Corporation (NYSE: EMC) and Wal-Mart Stores, Inc. (NYSE: WMT).

MEDirect Latino Inc. (OTC: MLTO) should be appearing on the radar screen of aggressive investors and day traders again this morning! Yesterday after the stock markets closed, the company issued a press release announcing that it has expanded its reimbursement services to include beneficiaries of several leading HMO and PPO health plans.

News of the expanded reimbursement services should be welcomed by investors, as it provides the company with new revenue channels! The agreements provide Hispanic branded diabetic diagnostic testing supplies and services to Medicare eligible beneficiaries of these plans. The expansion of distribution services for customers insured by HMO and PPO insurers opens new revenue channels for MEDirect Latino and allows for continued growth and expanded services under the Medicare Prescription Drug, Improvement, and Modernization Act of 2003.

Continue to watch this company! MEDirect Latino projects increased gross revenues in this fiscal year ending June 30, 2006, of $975,000, through this expansion of reimbursement services to Health Maintenance Organizations (HMO) and Preferred Provider Organizations (PPO) networks. The Company currently has 47 reimbursement agreements in place with leading managed care networks such as Humana, Keystone Health, Pennsylvania, Horizon, New Jersey, Neighborhood Healthcare, Miami, Triple S, Puerto Rico, Health First and United Healthcare, New York. The Company estimates these agreements will increase its client base by 7% during the remainder of this fiscal year, with such penetration increasing to 14.8% customers in its fiscal year ending June 30, 2006. Ongoing, MEDirect Latino will continue to aggressively pursue reimbursement agreements with leading managed care providers throughout the United States.

Investors should continue to monitor the progress of MEDirect Latino for further developments! "The expansion of services to managed care networks further enhances the mission of the Company in fulfilling the critical link between the Hispanic Medicare eligible beneficiaries and their healthcare needs", stated MEDirect Latino Inc., President, Ms. Debra L. Towsley. "By expanding our reimbursement model to managed care beneficiaries, MEDirect has immediately grown our potential customer base and added additional revenue streams. This is vital for our customers and important to our shareholders." Further, stated Ms. Towsley, "The Company is committed to the development of non-traditional revenue streams, which are outside of the typical DME (Durable Medical Equipment) business model. We will continue to add complimentary products and services which support our rapid growth having shown recent results that include a 422% increase in gross revenues over our previous quarter."

For updated in-depth coverage and a company profile of MEDirect Latino, visit

Prior to yesterday's press release, the stock closed at $2.65 a share.

In case you are not familiar with the company: MEDirect Latino ( is a rapidly growing, uniquely positioned provider of direct-to-consumer Medicare reimbursed medical products focused exclusively on chronic diseases afflicting the Hispanic community in the United States and Puerto Rico. MEDirect is the only company positioned to serve the U.S. Hispanic healthcare market as a direct-to-consumer Medicare provider on an authentically national level. The Company's current focus is the distribution of products for the treatment of Type II diabetes specifically because of its disproportionate impact and increasing diagnosis rate within the US Hispanic population. Type II diabetes was also targeted because of its unique status within the Medicare reimbursement regime.

The current Hispanic market for MEDirect's products is conservatively estimated at approximately $650MM in the continental United States. The size of the opportunity is understated by such figures as an estimated 925,000 of the over 3.1 million Hispanics in the United States over 65 eligible to receive Medicare benefits are currently collecting these benefits with an estimate that over 1.4 million of those Medicare-eligible Hispanics have diabetes (implying a potential continental U.S. market for MEDirect products of approximately $1 billion).

Stocks showing interesting activity yesterday at the close of the regular trading day were: QUALCOMM Incorporated (NASDAQ: QCOM) up 1.6% on 13.7 million shares traded, EMC Corporation (NYSE: EMC) up 0.9% on 10.4 million shares traded and Wal-Mart Stores, Inc. (NYSE: WMT) up 0.8% on 10.3 million shares traded.


"This week will see a new round of earnings reports. Look for news from: Wal-Mart, J.C. Penney, Nordstrom, Lowe's, Home Depot, Gap, Barnes & Noble; also from Helwett-Packard," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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