Vital Living Products Lower on News
Ridgeland, MS, OCT 24, 2001 (EventX/Knobias.com via COMTEX) -- Vital Living
Products Incorporated (OTCBB VLPI) is trading lower at this time, after a
Bloomberg report stating that the company's test "may miss the presence of the
deadly bacteria" or, alternatively produce a "false positive."
Furthermore, Bloomberg reported that ACE Hardware spokesperson Paula Erickson
denied that ACE had placed an order for the product at this time, contrary to
the company's press release, issued yesterday.
Shares of the company are headed for the close sharply lower, still higher than
three of four moving averages, but below the first of four technical downside
price support levels, as calculated by Knobias technical analysis. The stock has
a 30-day closing price range of $0.050 to $1.970.
Vital Living Products, Inc., doing business as American Water Service,
manufactures and distributes a variety of water treatment and testing products
and services, including home water test kits and water treatment equipment. The
Company's products include machines designed and developed by the Company, which
remove color, odor, taste, and bacteria from municipal water supplies to produce
filtered drinking water, as well as direct-store delivery of containers and
other bottling materials.
Date/Time of Daily Brief: 10-24-2001 15:43 ET
Company: VLPI - Vital Living Products Incorporated
Stock Price @ Publication: $ 0.660
Volume @ Publication: 7,978,200
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