Wall Street News Alert U.S. Hot Stock Highlights -- August 3, Pa

     Wall Street News Alert U.S. Hot Stock Highlights -- August 3,                               Part 2  WESTON, Fla., Aug. 3, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Pure H20 Bio-Technologies, Inc (Pink Sheets:PHBT), Rigel Pharmaceuticals Inc. (Nasdaq:RIGL), La Jolla Pharmaceutical Co. (Nasdaq:LJPC) and Primus Telecommunications (Nasdaq:PRTL).  Aggressive investors and traders should take another look at Pure H20 Bio-Technologies, Inc. (Pink Sheets:PHBT) this morning! Yesterday after the markets closed, the company issued a press release announcing that USBioSystems, Inc. accepted the engagement with PHBT to oversee further testing of Pure H20's newly engineered potable water point-of-use disinfection systems for hospitals, residential and commercial use!  This could be huge news for investors! USBioSystems (USBC) is the largest environmental testing laboratory in the state of Florida, holding multiple state and federal certifications including the National Environmental Laboratory Accreditation Program (NELAC), and is known for its commitment to high standard Quality Assurance/Quality Control Programs.  USBS will manage the Pure H20 testing programs to ensure proper control, analyses and maintain related data flow. "We feel that our relationship with USBioSystems will build additional customer confidence in the Pure H20 water disinfection technology," said Joseph Doxey, President of Pure H20 Bio-Technologies, Inc.  Keep your eyes on this company! Today's health concerns strongly suggest that there is a need for a more rigorous testing procedure that incorporates the measurement of disinfecting chlorine-resistant live organisms that may be potential etiological agents for water-borne disease. Pure H20 has outlined a series of studies that are strategic steps to advance its sales and marketing position. PHBT has taken these aggressive measures to position itself to exceed sales projections and secure strong cash flow.  The stock closed yesterday at sixteen cents a share.  In case you are not familiar with the company: PHBT is a publicly held company specializing in the manufacturing, design and sale of its unique residential, commercial and hospital point-of use potable water disinfection systems. These systems are specifically designed to work effectively against water-borne pathogens and remove heavy metals and objectionable biomass.  Stocks showing interesting activity yesterday at the close of the regular trading day were: Rigel Pharmaceuticals Inc. (Nasdaq:RIGL) up 37.6% on 2.2 million shares traded, La Jolla Pharmaceutical Co. (Nasdaq:LJPC) up 20.6% on 1.9 million shares traded and Primus Telecommunications (Nasdaq:PRTL) up 15.7% on 7.6 million shares traded.  Commentary:  "July was a struggle in the index cycle, but last week all of the markets picked-up steam and managed to end the month on a positive note," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.  WSNA's email alert service is free to those investors who sign up on the WSNA home page. The alert service is designed to notify investors of undervalued and often overlooked stocks. Subscribers are introduced to Special Situation companies that have the potential of showing increased activity. The Wall Street News Alert home page has experienced over 20 million hits. To subscribe to this free service, visit the Wall Street News Alert home page at http://www.wallstreetnewsalert.com and select the "join now" button.  -- Wall Street News Alert is not affiliated with faxes bearing the names Wall Street Stock Alert or Wall Street News Alert! --  Wall Street News Alert is a division of Wall Street Capital Funding LLC (WSCF). WSCF is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSCF profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSCF and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSCF research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSCF disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSCF is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSCF profiled stocks.  This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated fourteen thousand dollars for coverage of Pure H20 Bio-Technologies Inc. (Pink Sheets:PHBT), by the company, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive shares for extension of its services. Any shares will be disclosed at such time that WSCF is aware of a clients desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock. Market commentary provided by Sonja Rudd.  This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSCF undertakes no obligation to update such statements.    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