SOURCE: Wall Street News Alert

June 16, 2005 08:34 ET

Wall Street News Alert: WSBL Announces Success With Online Collaboration Platform!

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

WESTON, FL -- (MARKET WIRE) -- June 16, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: WaveScribe International Corp. (OTC: WSBL), Google Inc. (NASDAQ: GOOG), Applied Materials, Inc. (NASDAQ: AMAT) and Apple Computer Inc. (NASDAQ: AAPL).

WaveScribe International Corp. (OTC: WSBL) may again appear on the radar screens of aggressive investors and traders this morning! Yesterday after the markets closed, the company issued a press release announcing its successful use of online collaboration platform Convoq.

Utilizing an online collaboration model for WaveScribe allows potential clients to be part of a live, interactive demo where they can ask questions, see instant results, and immediately experience how WaveScribe could improve, support and enhance their own business model.

Since WaveScribe began utilizing online collaboration as the major methodology for sales, training and customer support, the traditional sales cycle has been significantly shortened, and expenses normally associated with the sales cycle, including travel, have dropped approximately 30%.

Investors continue to watch the progress of WaveScribe! Earlier this week, the company issued a press release emphasizing the importance and size of the medical transcription market, in which the healthcare industry spends approximately $15 billion annually on transcription production.

For more in-depth coverage of WaveScribe International, visit http://www.backissuesofnewsalerts.us/WSBL0615.html

Prior to yesterday's press release, the stock closed yesterday at Seven cents a share.

In case you are not familiar with the company: WaveScribe offers the first web-based transcription software that was designed, developed, and deployed by transcriptionists. Documents created through WaveScribe have a 128-bit security encryption, HIPAA and Privacy Law compliance. Access to a transcribed document for editing, reprints, updates, 24-hours a day in a simplified and cost-effective manner to handle the task of document control is now available. The WaveScribe platform requires no software to purchase, and installation is not required.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Google Inc. (NASDAQ: GOOG) down 1.2% on 20.9 million shares traded, Applied Materials, Inc. (NASDAQ: AMAT) down 0.1% on 24 million shares traded and Apple Computer Inc. (NASDAQ: AAPL) up 3.1% on 20.2 million shares traded.

Commentary:

"Total retail sales declined 0.5% in May the Commerce Department said, the first drop since August of last year. Analysts were only expecting a drop of 0.1%. In other news the rise of homes in the U.S. grew to a blistering 12.5% for 2004, making this one of the best housing markets ever; 2005 is breaking records regarding units sold, estimated at 2.1 million. Many analysts warn of a real estate bubble," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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