SOURCE: Wall Street News Alert

Wall Street News Alert

November 02, 2006 09:48 ET

Wall Street News Alert Issues Special Alert on Andover Medical! 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), NVIDIA Corporation (NASDAQ: NVDA), Merck & Co., Inc. (NYSE: MRK) and Amgen (NASDAQ: AMGN).

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

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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.

NVIDIA Corporation (NASDAQ: NVDA) down 7.7% on 19.6 million shares traded. NVIDIA Corporation is one of the leaders in programmable graphics processor technologies.

Merck & Co., Inc. (NYSE: MRK) up 0.5% on 12 million shares traded. Merck & Co., Inc. is a global research-driven pharmaceutical company dedicated to putting patients first.

Amgen (NASDAQ: AMGN) down 0.8% on 7 million shares traded. Amgen discovers, develops and delivers innovative human therapeutics.

Market Commentary:

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