SOURCE: Wall Street News Alert

May 03, 2005 08:22 ET

Wall Street News Alert: WSBL's Industrial Medicine Division Continues Growth!

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

WESTON, FL -- (MARKET WIRE) -- May 3, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: WaveScribe International Corp. (OTC: WSBL), DIRECTV, Inc. (NYSE: DTV), Time Warner (NYSE: TWX) and The Coca-Cola Company (NYSE: KO).

Aggressive investors and traders may have WaveScribe International Corp. (OTC: WSBL) in their sights again this morning! Yesterday after the markets closed, 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.

This could be great news for the company! Three additional clinics in Los Angeles, Inglewood, and Culver City, California have begun utilizing the WaveScribe web-based transcription platform.

"We are both excited and pleased to expand our software and services for this client. There are several more facilities within the organization that we will be approaching soon, and our intent is to continue the current growth pattern with this client," said Cris Bahar, President of WaveScribe International Corp.

Investors continue to watch the progress of WaveScribe! According to the company's press release, WaveScribes Industrial Medicine Division, already expecting a 15% increase quarterly, anticipates a larger increase now that new clinics have been added. Due to their client's strict company policy, they are unable to provide the name of this specific client at this time. The workload currently outsourced by this HMO could significantly increase due to substantial growth and consolidation of operations.

For more in-depth coverage of WaveScribe International, visit http://www.backissuesofnewsalerts.us/WSBL0502.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, HIPAA 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: DIRECTV, Inc. (NYSE: DTV) up 5.3% on 8.5 million shares traded, Time Warner Inc. (NYSE: TWX) down 0.06% on 11.9 million shares traded and The Coca-Cola Company (NYSE: KO) up 0.3% on 5.3 million shares traded.

Commentary:

"On Monday the markets managed to keep the indexes in positive territory even as oil once again edged higher and a slew of economic data out this week, along with the big FOMC meeting today, is sure to make analysts and investors keep a sharp eye on the news this week. Additionally, earnings are still coming out this week for many of the major components of the indexes," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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