SOURCE: Wall Street News Alert

Wall Street News Alert

November 02, 2006 08:38 ET

Wall Street News Alert: ADOV Is on the Move! November 2, 2006

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

WESTON, FL--(Marketwire - November 2, 2006) - Wall Street News Alert's "stocks to watch" this morning are: Andover Medical, Inc. (OTCBB: ADOV), Pfizer Inc. (NYSE: PFE), Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) and St. Jude Medical, Inc. (NYSE: STJ).

Wall Street News Alert is initiating coverage on Andover Medical, Inc. (OTCBB: ADOV) this morning! The company issued a press release after the stock markets closed yesterday, which could grab the attention of investors. According to the press release, the company has entered into a letter of intent to acquire Rainier Surgical Inc., of Auburn, Washington.

Continue to watch this company! For AMI, the acquisition will represent another consolidation in the orthopedic durable medical equipment (DME) market and furthers the Company's objective of consolidating businesses to increase revenue, gain efficiencies and increase profit margins. The deal will add important product lines and new distribution channels, serving as the springboard for further growth in the orthopedic medical area. As a result of the consolidation, the companies intend to consolidate ordering, inventory and reimbursement billing, and eliminate inefficiencies.

Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Andover Medical! Rainier Surgical serves more than 300 health care providers in acute-care hospital, clinics and physician offices in Washington, Oregon, and Northern Idaho.

This acquisition is expected to position Rainier Surgical Inc. for strong continued growth. "Rainier has committed to a mission that calls for a strategically focused expansion of partnerships with new and existing customers through our distribution, inventory management programs and other value-added services," says Garth Luke, President of Rainier Surgical Inc. "When AMI and RSI complete the merger our inventory management services and joint solutions will create overall practice management efficiencies for health care providers."

Before the press release was issued, Andover Medical stock closed Wednesday at $1.25 a share.

For an in-depth profile of Andover Medical, visit http://www.thenewssvc.com/ADOV103006.html

To view all of Wall Street News Alert's special early morning trading alerts for this morning, visit www.WallStreetNewsAlert.com, where you may also sign up to receive free email alerts in advance of our press releases being issued.

In case you are not familiar with the companies: Andover Medical, Inc. (AMI) is seeking to take advantage of projected growth and evolving economies of scale arising from consolidation in the procedure specific durable medical equipment (DME) and services segments of the orthopedic, podiatric, and urological physician care markets in the United States. The Company intends to establish a nationwide subsidiary network and plans to offer physicians the largest selection of competitively priced brand-name DME, and urodynamic diagnostic and treatment products.

Rainier Surgical, Inc. is an orthopedic solutions company and the leading distributor of Orthopedic DME services in the Northwest. The company has an extensive distribution network, diverse product offering and expertise in products, insurance billing, and inventory management. Headquartered in Auburn, WA, with offices in Portland, OR, Wenatchee, WA and Spokane, WA, Rainier Surgical has been in business for more than 15 years and has approximately 35 employees.

Pfizer Inc. (NYSE: PFE) down 0.4% on 39.5 million shares traded. Pfizer is committed to bringing meaningful improvement to the lives of people living with HIV/AIDS and those at risk around the world.

Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) down 1.7% on 6.6 million shares traded. Teva Pharmaceutical Industries Ltd. is among the top pharmaceutical companies in the world and is the leading generic pharmaceutical company.

St. Jude Medical, Inc. (NYSE: STJ) down 1.2% on 2.2 million shares traded. St. Jude Medical is dedicated to making life better for cardiac, neurological and chronic pain patients worldwide through excellence in medical device technology and services.

Market Commentary:

"The economic punch came from several directions: Factory orders in October, the ISM index, Industrial Supply Managers, fell to 51.2% from 52.9% for September. This was the weakest level since June of 2003. Mortgage applications fell by 3% last week from the previous week; applications are down by 11.2% for the past year, as refinance loans are down by 42% from the 2005 peak. Pending home sales dropped by 1.1% in September; these are contracts to buy existing homes. The number is down by 13.6% for the past year; home sales are down 14%, and building permits have plunged by 27%. Too much down economic news for one day," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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