SOURCE: Bellwether Report

July 28, 2005 14:05 ET

BWR Issues Alerts for Shareholders of MDTL, FOXH, ACTU and STRA

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

TORONTO -- (MARKET WIRE) -- July 28, 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 these four promising companies on the Nasdaq Exchange. Medis Technologies (NASDAQ: MDTL), FoxHollow Technologies (NASDAQ: FOXH), Actuate Corp (NASDAQ: ACTU) and Strayer Education (NASDAQ: STRA). For more information on BWR or any of the above-mentioned companies feel free to visit www.bellwetherreport.com for a free no obligation 30 day trial of our service.

Medis Technologies announced today that ASE International has issued a purchase order totaling over $50 million for delivery of 200,000 Power Packs a month for the first year. Today's news rendered Medis at the top of the percent gainers as shares have increased 16%. BWR feels that this announcement is a big step in the right direction for Medis and we will continue our aggressive due-diligence.

FoxHollow Technologies set a new 52 week high of $52.37, trading up 20%, eclipsing the previous high of $44.75. BWR will continue tracking this potentially hidden gem to see what strategies the company implements to further their upward momentum.

Actuate is trading up 13% on a much higher than average volume. The company today released second quarter 2005 financial results. Total revenues for the second quarter of 2005 were $25.8 million, second quarter 2005 GAAP net income was $3.6 million. BWR believes that this company holds many of the characteristics that we look for when deeming a company undervalued, and therefore will be keeping them on the top of our radar.

Strayer Education is on a roll today trading up 15%. The company released results for second quarter ended June 30, 2005, including an 18% increase in revenues and diluted EPS of $0.85. This term's success could be a result of total enrollments increasing 22%. BWR feels that if this company can continue its enrollment growth it will be able to bring trading price to new time highs.

Any information that we find on the above mentioned companies will be posted at www.bellwetherreport.com

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

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