InvestSource, Inc.: Universal Detection Technology to Provide Bioterrorism Training Equipment for the 2008 Beijing Olympics

Jul 24, 2008 (M2 PRESSWIRE via COMTEX) -- UDTT | Quote | Chart | News | PowerRating -- Stocks in the News: Universal Detection Technology (OTC BB: UDTT), O'Reilly Automotive, Inc. (NASDAQ: ORLY), Philadelphia Consolidated Holding Corp. (NASDAQ: PHLY), Prosperity Bancshares, Inc. (NASDAQ: PRSP), Cisco (NASDAQGS: CSCO), and Canadian Solar Inc. (NASDAQ: CSIQ)

July 23, 2008 -- Universal Detection Technology (www.udetection.com) (OTC BB:UDTT) (Frankfurt:PO8.F), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, reported today that it has received an additional contract to provide bioterrorism training equipment for the 2008 Beijing Olympics. The equipment is designed to mimic a real-time biological attack thus preparing first responders in the proper use and handling of bioterrorism detection equipment. There have been recent reports of terrorist activity in China. The Chinese Government has warned that terrorists pose the biggest risk to this summer's Olympics Games in Beijing. Officials say they foiled two plots, one to bring down an airliner, and another to disrupt the summer games. The Chinese government has also stepped up efforts in bio-security to ward off possible bioterrorism during the coming Olympics. UDTT's simulation/trainer equipment and threat simulation powders are designed to mimic a bio-threat event that illustrates all potential outcomes of the 5-agent test device. UDTT had previously received a contract to supply 5-agent test equipment for the Beijing Olympics. The 5-agent testing kit is designed to test for Anthrax, Ricin, Botulinum Toxin, Plague and SEB's in as little as 3 minutes. "The contract for the bioterrorism training equipment completes the series of contracts we received providing anti-terror equipment for the Beijing Olympics that included radiological and bio-weapon detection equipment," said Mr. Jacques Tizabi, UDTT's Chief Executive Officer.

July 23, 2008 -- O'Reilly Automotive, Inc. (NASDAQ: ORLY | Quote | Chart | News | PowerRating) announced revenues and earnings for the second quarter ended June 30, 2008. Net income for the second quarter ended June 30, 2008, totaled $55.8 million, up 7.5% from $51.9 million for the same period in 2007. Diluted earnings per common share for the second quarter of 2008 increased 6.7% to $0.48 on 116.5 million shares compared to $0.45 for the second quarter of 2007 on 116.1 million shares. Sales for the three months ended June 30, 2008, totaled $704 million, up 9.5% from $643 million for the same period a year ago. Gross profit for the second quarter of 2008 increased to $317 million (or 45.0% of sales) from $287 million (or 44.7% of sales) for the second quarter of 2007, representing an increase of 10.4%. Selling, General and Administrative expenses increased to $229 million (or 32.5% of sales) for the second quarter of 2008 from $206 million (or 32.0% of sales) for the second quarter of 2007, representing an increase of 11.2%.

July 23, 2008 -- Philadelphia Consolidated Holding Corp. (NASDAQ: PHLY) reported net income for the quarter ended June 30, 2008 of $52.9 million ($0.73 diluted earnings per share and $0.76 basic earnings per share). This compares to $94.4 million of net income ($1.27 diluted earnings per share and $1.34 basic earnings per share) for the quarter ended June 30, 2007. After-tax net realized investment gains (losses) were $(7.5) million ($(0.10) diluted loss per share) for the quarter ended June 30, 2008 compared to $18.2 million ($0.25 diluted earnings per share) for the quarter ended June 30, 2007. Gross written premiums for the quarter ended June 30, 2008 increased 11.7% to $445.3 million from $398.5 million for the quarter ended June 30, 2007, and the combined ratio for the quarter ended June 30, 2008 was 86.2% compared to 74.2% for the quarter ended June 30, 2007. The Company's book value per share as of June 30, 2008 increased to $22.30 from $21.47 as of December 31, 2007. Financial results for the quarter ended June 30, 2008 included: -- An $18.5 million pre-tax benefit ($12.0 million after-tax, or $0.17 diluted earnings per share) from a decrease in net unpaid loss and loss adjustment expenses due to favorable trends in prior years' claim emergence. This benefit compares to a $20.8 million pre-tax benefit ($13.5 million after-tax, or $0.18 diluted earnings per share) recognized in the quarter ended June 30, 2007 from a decrease in net unpaid loss and loss adjustment expenses due to favorable trends in prior years' claims emergence.

July 23, 2008 -- Prosperity Bancshares, Inc. (NASDAQ: PRSP), the parent company of Prosperity Bank , reported earnings for the quarter ended June 30, 2008. Net income for the quarter was $23.437 million or $0.52 per diluted common share, an increase in net income of $444,000 or 1.9%, compared with $22.993 million or $0.52 per diluted common share for the same period in the prior year. Since January 1, 2007, Prosperity has completed the following acquisitions: 1st Choice Bancorp, Inc. on June 1, 2008, Houston branches of Banco Popular North America on January 10, 2008, The Bank of Navasota, N.A. on September 1, 2007 and Texas United Bancshares, Inc. on January 31, 2007. The results of operations for these acquisitions have been included in Prosperity's consolidated financial statements since their respective purchase dates. "I am proud to report another strong quarter of performance by our bank," said David Zalman, Prosperity's Chairman and Chief Executive Officer. "While we are certainly not immune to the issues facing the commercial banking industry nationwide, we are pleased with our performance and are cautiously optimistic about the future."

July 23, 2008 -- Cisco (NASDAQGS: CSCO) announced its intent to purchase privately held Pure Networks, a Seattle-based leader in home networking-management software and tools. Pure Networks' home networking-management solution allows users to easily set up and manage a home network and connect a range of devices, applications and services within a home. Cisco believes the industry is amid a transition from Home Networking 1.0, in which home networks are largely designed to share a broadband connection that links PCs and peripherals, to Home Networking 2.0, in which the multimedia-enabled home will be comprised of a multitude of disparate network devices, applications and services that are connected to one another. The acquisition of Pure Networks provides Cisco with a fully integrated home networking-management solution that will also serve as the foundation for the development of new applications, tools and capabilities for consumers to use in an increasingly "connected life" at home, at work and on the go.

July 23, 2008 -- Canadian Solar Inc. (NASDAQ: CSIQ | Quote | Chart | News | PowerRating) announced the closing of its follow-on public offering of 3,500,000 common shares at a public offering price of $34.00 per share (the "Offering"). The net proceeds to Canadian Solar from the sale of the 3,500,000 common shares are approximately $112.7 million after deducting underwriting discounts and commissions. The Company has granted the underwriters a 30-day option to purchase up to an additional 525,000 shares, solely to cover over allotments. Deutsche Bank Securities Inc. and Piper Jaffray & Co. acted as joint bookrunners for the Offering. This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Certain statements in this press release may be forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. Generally, the words "believe," "expect," "intend," "anticipate," "will," "may" and similar expressions identify forward-looking statements. These statements are only predictions. The Company makes these forward-looking statements based on information available on the date hereof, and it has no obligation (and expressly disclaims any such obligation) to update or alter any such forward- looking statements, whether as a result of new information, future events, or otherwise. See the Company's Form 20-F for the period ended December 31, 2007 for a further discussion of these and other risks and uncertainties applicable to the Company's business.

Stocks advanced for the second straight session Wednesday as another decline in oil prices and several upbeat profit reports eased some of Wall Street's concerns about the economy. Investors expect that a sustained pullback in oil prices would give a crucial boost to the economy. Crude has retreated as oil investors have worried that high prices and a sluggish economy are reducing demand. The government reported Wednesday that domestic inventories increased last week as consumers curbed their energy use. Oil is down more than $20 a barrel since hitting a record above $147 just weeks ago. A barrel of light, sweet crude fell $3.98 to settle at $124.44 a barrel on the New York Mercantile Exchange. While oil again tugged at stocks as it has for months, investors also examined a raft of earnings reports that indicated not all corporate profits were suffering because of the slower economy. That left some investors more upbeat about the prospects for the overall economy. AT&T Inc., McDonald's Corp. and Pfizer Inc., all among the 30 stocks that make up the Dow Jones industrial average, weighed in with reports that generally pleased investors. "Oil is a positive but I think bigger than that is the earnings news is not as catastrophic as people were thinking," said Noman Ali, portfolio manager of U.S. equities for MFC Global Investment Management in Toronto. "Some of the bellwethers are reporting earnings that are better-than-expected. And outside of the financials things, aren't so bad." According to preliminary calculations, the Dow rose 29.88, or 0.26 percent, to 11,632.38 after rising nearly 100 points early in the session. On Tuesday, the blue chips gained 135 points. Broader stock indicators also advanced. The Standard & Poor's 500 index rose 5.19, or 0.41 percent, to 1,282.19 and the technology-laden Nasdaq composite index rose 21.92, or 0.95 percent, to 2,325.88. Advancing issues outnumbered decliners by about 5 to 3 on the New York Stock Exchange, where volume came to 1.72 billion shares compared with 1.57 billion shares traded Tuesday. Bond prices slipped as some investors moved from the safety of government debt to stocks. The yield on the benchmark 10-year Treasury note, which moves opposite its price, rose to 4.12 percent from 4.10 percent from late Tuesday. The dollar was mostly higher against other major currencies, while gold prices fell. The stronger dollar also helped push oil lower. The drop in oil helped a range of sectors like airlines. Delta Air Lines Inc. rose 89 cents, or 12 percent, to $8.60, while Continental Airlines Inc. jumped $1.54, or 12 percent, to $14.80. Energy companies lost ground as oil fell. Exxon Mobil Corp. fell $1.87, or 2.3 percent, to $80.99 and Chevron Corp. slid $2.98, or 3.5 percent, to $82.65. Investors appeared unfazed by the Federal Reserve's Beige Book, which provides readings on the U.S. economy by region and indicated that business conditions have slowed in recent months as consumer spending has turned sluggish. The report arrives two weeks before policymakers' next meeting but seemed to hold few surprises for investors. Investors instead appeared more focused on oil and corporate news.

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To hear "The Fastest 60 Seconds in the Small-Cap Market," please go to www.ceo-corner.com This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation to buy or sell securities. InvestSource, Inc. has prepared all material herein based upon information believed to be reliable. The information contained herein is not guaranteed by InvestSource, Inc. to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this release have not given an opinion or approved the statements made in this release.

InvestSource, Inc. is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. InvestSource, Inc. affiliates, officers, directors and employees may also have bought, or may buy the shares discussed in this opinion and may profit in the event of a rise in value. InvestSource, Inc. will not advise as to when it decides to sell and does not, and will not, offer any opinion as to when others should buy or sell; each investor must make that decision based on his or her judgment of the market. Please consult your broker before purchasing or selling any securities mentioned herein. InvestSource was compensated 8,500,000 of unrestricted stock of UDTT for services rendered. To view full disclaimers, please go to http://investsourceinc.com/php/disclaimer.php (disclaimers).

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