SOURCE: Bellwether Report

March 07, 2005 09:40 ET

BWR Issues Pre-Bell Alerts for Shareholders of CTIC, CELG, ICCI, and GEOI

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

TORONTO -- (MARKET WIRE) -- March 7, 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, we will be tracking the following companies to gauge the short-term sentiment of their market. Cell Therapeutics (NASDAQ: CTIC), Celgene Corp (NASDAQ: CELG), Insight Communications Company (NASDAQ: ICCI) and Georesources Inc (NASDAQ: GEOI). Investors in any of the above mentioned companies are invited to sample the Bellwether Report for 30 days complimentary.

Cell Therapeutics is trading down 52% today, on much higher than average pre-market volume. The company announced that while a phase III study of XYOTAX in combination with carboplatin, known as STELLAR 3, missed its primary endpoint, it met statistical significance for non-inferiority of survival compared to paclitaxel in combination with carboplatin.

Celgene Corp announced that external Independent Data Monitoring Committee analyses of both Phase III Special Protocol Assessment (SPA) multiple myeloma trials exceeded the pre-specified p < 0.0015 value for stopping the trials. Celgene is trading up 16%.

Insight Communications co-founders Sidney R. Knafel and Michael S. Willner and The Carlyle Group today announced that they are proposing to acquire the outstanding publicly held shares of Insight for $10.70 per share in cash.

Georesources is trading up 21% in early market trading after reporting 2004 net income increased to $1,105,846 or $0.30 per share on revenue of $6,820,125 compared to 2003 net income of $446,563 or $0.12 per share on revenue of $4,842,952.

For 30 days complimentary with the BWR service feel free to visit www.bellwetherreport.com and sign up. No credit card needed!!

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

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