SOURCE: Wall Street News Alert

May 06, 2005 08:22 ET

Wall Street News Alert: WSBL to Enhance All Hardware and Security to Accommodate Expected Influx of New Accounts!

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

WESTON, FL -- (MARKET WIRE) -- May 6, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: WaveScribe International Corp. (OTC: WSBL), The AES Corporation (NYSE: AES), Verizon Communications Inc. (NYSE: VZ) and American Tower Corp. (NYSE: AMT).

Aggressive investors and traders may be watching WaveScribe International Corp. (OTC: WSBL) again this morning! Yesterday after the markets closed, the company issued a press release announcing that it is enhancing and adapting its network to accommodate a significant increase in the number of clients.

This could be more great news for the company! According to the press release, WaveScribe expects the increases to occur over several weeks, and is proactively performing enhancements and upgrades with a specific target of hardware expansion, network reconfiguration, security, monitoring, collocation and emergency services for the WaveScribe transcription platform. The new network, hardware and security will allow WaveScribe to accommodate a minimum of 100% growth, and importantly, the new configuration will allow for unlimited expansion moving forward, with minimal disruption in day-to-day operations for the Company and its clients.

Investors continue to watch the progress of WaveScribe! Earlier this week, the company issued a press release announcing that it has expanded its service and software offerings to one of Californias top 10 HMO / Industrial Medicine providers.

For more in-depth coverage of WaveScribe International, visit http://www.backissuesofnewsalerts.us/WSBL0505.html

Prior to yesterday's press release, the stock closed yesterday at around Twenty-Six 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, HIPPA and Privacy Law compliance. Access to a medical or legal 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 on to a specific PC is not needed. The transcriptionist utilizing the platform can use several methods to create documents such as uploading existing documents and/or formats while maintaining the traditional methods of transcription such as analog tapes, digital tapes, handheld devices, phone in rerecorded or pushed and even computer generated methods. In addition, future advances include speech-to-text and net/web (documents created on a private network automatically stored and accessible on the internet platform).

Stocks showing interesting activity yesterday at the close of the regular trading day were: The AES Corporation (NYSE: AES) down 1.8% on 7.9 million shares traded, Verizon Communications Inc. (NYSE: VZ) down 1.1% on 11.2 million shares traded and American Tower Corp. (NYSE: AMT) up 1.2% on 8.4 million shares traded.

Commentary:

"Worker productivity surged the first quarter of 2005 to 2.6% while worker labor costs were up 2.2% in a report released by the Labor Department. Output was up 3.6% while hours worked was up 1%, productivity has increased 2.5% the last 4 quarters and unit labor costs averaged 2.5% the past year," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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