SOURCE: Bellwether Report

March 02, 2005 11:02 ET

BWR Small Cap Momentum Alert for LOUD, EDGR, MFYS, and FMTI

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

TORONTO -- (MARKET WIRE) -- March 2, 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. LoudEye Corp (NASDAQ: LOUD), Edgar Online Inc (NASDAQ: EDGR), Medify Solutions (OTC: MFYS), and Forbes Medi-Tech (NASDAQ: FMTI). Investors are invited to sample the Bellwether Report for 30 days complimentary, simply by visiting and signing up.

LoudEye Corp is trading up 15% after announcing preliminary financial results for the fourth quarter and fiscal year ended December 31, 2004. The company stated that revenue increased 124% from the previous year, and 29% from the previous quarter. They also stated that they expect revenue to double in 2005 as compared to 2004.

Edgar Online has seen a sudden spike in demand today. They are trading up nearly 16% today on have already traded well over their 3-month average volume. BWR is looking into this sudden influx in demand.

Medify Solutions is a small cap company that we have been tracking for the past week. The company recently partnered with Oracle Corp and Orange, the leading mobile phone network operator in the U.K., to provide its market leading real time remote access to patient notes application for healthcare professionals on the latest Orange SPVM2000 pocket PC device. BWR feels that small-cap investors should keep a this small-cap gem on their radar.

Forbes Medi-Tech announced that they have received approval from European regulators to market the company's cholesterol-lowering ingredient, Reducol, in seven food groups, including salad dressings, spicy sauces and low-fat cheese type products. The company is trading up 14% today.

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

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