First American Scientific Corp. (fka FASC)

[Wonway]

SessionsIR.com: Alchemy Enterprises Updates the Investment Community


By M2
Last Update: 4/19/2006 8:05:36 AM Data provided by

Apr 19, 2006 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: Alchemy Enterprises, Ltd. (ACHM), Amelot Holdings Inc. (AMHD), Green Star Products, Inc. (GSPI), First American Scientific Corp. (FASC)

For Corporate or Company information in regards to SessionsIR, please visit: www.sessionsir.com or contact us at: [e-mail]

For StockSwami Morning alerts, go to www.stock-swami.com


First American Scientific Corp. (FASC) shares more than doubled (+126.19%) Tuesday, closing at $0.095 per share, with nearly 100 times the average trading volume. Brian Nichols, President of First American is pleased to announce the signing of an agreement in principle to form a joint venture to be named First American Scientific Brazil Ltda., with South American Bio-Energy Corp Ltda of Uruguay and Bruno Industrial Ltda of Brazil www.bruno.com.br for the manufacture, marketing, and operation of KDS equipment in Brazil, Uruguay and Argentina. For more information, please visit http://biz.yahoo.com/iw/060418/0123483.html Tuesdays Close: Stocks soared Tuesday on news that Federal Reserve policymakers believed their run of interest rate hikes is likely nearing an end, propelling the Dow Jones industrials up nearly 200 points. The report helped offset the effects of oil prices that passed $71 a barrel. Wall Street was already climbing in mid-afternoon when the Fed released minutes of the Federal Open Market Committee's March 27-28 meeting that showed most of the panel's members "thought that the end of the tightening process was likely to be near, and some expressed concerns about the dangers of tightening too much, given the lags in the effects of policy." But the release of the minutes was just what an interest rate-weary market wanted to hear. The Fed has raised rates 15 times in a row since June 2004, putting the nation's benchmark rate at 4.75 percent.