SOURCE: Bellwether Report

May 16, 2005 10:39 ET

BWR Rates These Four Nasdaq Top Gainers: CELG, CTIC, XMSR, and OVNT

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

TORONTO -- (MARKET WIRE) -- May 16, 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 closely rating these promising companies on the Nasdaq Exchange: Celgene Corp. (NASDAQ: CELG), Cell Therapeutics Inc. (NASDAQ: CTIC), XM Satellite Radio Holdings Inc. (NASDAQ: XMSR) and finally, Overnight Corp. (NASDAQ: OVNT). For more information on the BWR or any of the above-mentioned companies, feel free to visit for a free no obligation 30-day trial of our service. Remember... No credit card required.

Celgene Corp. is an integrated biopharmaceutical company primarily engaged in the discovery, development and commercialization of therapies designed to treat cancer and immune-inflammatory-related diseases. Shares were up near 5% in pre-market trading this morning as the company's brand name, Thalomid increases a patient's chance of achieving multiple myeloma remission combined with standard drug therapy.

Cell Therapeutics Inc. develops, acquires and commercializes treatments for cancer. Shares shot up 10% this morning after preliminary data from a study of Xyotax in combination with carboplatin produced a major tumor response in 98% of first line ovarian cancer patients.

XM Satellite Radio Holdings Inc. is America's satellite radio service company providing music, entertainment and information programming. Shares were up in pre-market trading by 3% following the company adding 1 million customers since December to more than 4 million users.

Finally, we look at Overnight Corp. which is primarily a non-union provider of less-than-truckload transportation services. Shares soared in pre-market trading 43% following today's announcement that UPS Inc. will purchase Overnight for 1.25 billion.

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

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