OTHER WSR COVERAGE SUMMARY
CNTY Sep 8, 2003 @ $2.47
Currently $3.29 (up 33%)
NYMX Nov 4, 2003 @ $2.57
Currently $4.20 (up 63%)
Throughout January, the major stock market indexes relentlessly continued their bullish run repeatedly establishing new highs, with technology and smallcap issues leading the way. Since the last close of 2003, until the close of January 26th, the:

DJIA gained 2.4% to 10,702.51points
NASDAQ rose 7.5% reaching 2,153.83 points
S&P 500 advanced 3.9% to 1,155.37 points, and
RUSSELL 2000 jumped 8.0% closing at 601.50 points.

As economies worldwide continue to exhibit sustainable recovery, the smallcap sector shows promise to outperform the market and provide investors with opportunities to selectively benefit from undervalued issues.
In our last year-end newsletter, we featured Command Security Corporation (OTC BB: CMMD). During the month of January the CMMD stock advanced nearly 70% from a year-close of $1.01 to a high of $1.70 last Friday. The quick rise, which established new 52-week highs, could result in increased price volatility in the near future. However, although still speculative, longer term prospects remain very favorable. The Company is well positioned to exploit the overall redefined market conditions within the security industry through the award of any major Department of Homeland Security (DHS) or other government agency contract. The optional de-federalization of airport security planned for November 2004 opens another tremendous opportunity. Securing baggage and passenger screening contracts even at a handful of major airports currently serviced by the Company in other capacities could result in a significant ongoing revenue stream.

To view the entire report on Command Security, including risk factors and disclaimers, please visit WallStreet Research.

FEBRUARY STOCK OF THE MONTH (SPECULATIVE INVESTMENT)
NuTech Digital, Inc. (OTC BB: NTDL) is an entertainment technology company specializing in licensing and distribution of DVD content. The Company distributes its broad range of DVD home entertainment titles through various wholesalers, retailers like Tower Records, Best Buy, Fry's and Walgreens, and through the Internet at www.NuTechDVD.com. Through the first nine months of 2003, NuTech generated $3.1 million in sales, earning $525 thousand, or $0.05 per share, compared to a loss of $0.08 per share for the same period in the prior year (see full press release with third quarter numbers). Given generally strong holiday season results for DVD sales, the Company's year-end results for December 31, 2003 expected to be announced soon should provide strong fundamental base for current technological developments and further impressive growth.

Last Friday, the Company introduced a new viable technology to deliver high resolution content on a secured basis over the Internet, effectively addressing the latest challenges faced by the entertainment industry. Utilizing the popular Microsoft Windows Media 9 platform, the Digital Rights Management (DRM) technology provides access to any copyrighted database of movies or music titles on demand, offering both rental and purchasing options for the users, as well as piracy protection and fee collection capabilities for the distributor. With this next-generation technology, NuTech has the ability to securely publish media on peer-to-peer networks such as Napster, Kazaa, newsgroups and chat rooms. Naturally, the Company can use this technology to deliver its own content, or license the technology to movie studios and music producers looking for ways to enhance their revenue streams.

Following the announcement of the launch of the DRM technology, the NTDL stock has already advanced sharply, but the long term growth potential associated with this development could provide opportunities to produce far greater results than currently reflected in the stock price. The Company's system provides a leading-edge, low-cost, high-quality solution for the exploding DVD entertainment content market. In 2003, DVD retail sales grew to $11.6 billion nationwide, an increase of 33% over previous year. Consumers also spent $4.5 billion renting DVDs, up 55% from 2002. Through its existing relationships in the movie and music industries, the Company is actively seeking content for Internet rights for use with its technology. NuTech also intends to pursue relationships with film and music rental companies to create a consumer account base.

Earlier in the month, the Company announced the formation of a dedicated music division, NuTech Platinum Concert Series, developed to capitalize on the high-growth market for live musical performances on DVD, which itself is estimated to reach $700 million by 2006. Replicating its successful business model, NuTech is currently securing rights to live performance footage of established, chart-topping acts, as well as up-and-coming groups, and could quickly generate substantial additional revenue, especially applying its DRM technology.

January 26, 2004

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The information presented herein or in the WallStreet Research reports is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities referred to herein or otherwise. The newsletter and research report contents are based entirely on information available to the public and has been obtained from the company featured herein, as well as other sources, in each case without independent verification. The information featured herein is considered reliable, but cannot be guaranteed as to accuracy or completeness. The information includes certain forward-looking statements within the meaning of Section 21E of the SEC Act of 1934, which may be affected by u nforeseen circumstances or certain risks. The reader is hereby advised to review all SEC filings for a more complete description of the Company's business, including the financial statements and all risk factors set forth therein. By accepting and reading this report, the reader hereby acknowledges that neither WallStreet Research, nor any other affiliate thereof makes any representation, either express or implied, as to the accuracy, completeness, fitness for a particular purpose or future results, of any statement contained herein. Neither WallStreet Research, nor any of its officers, agents or affiliates, accepts any liability whatsoever for any statements made herein, including without limitation any liability for direct, consequential or special damages of any kind or nature. Any securities mentioned herein may be deemed speculative, and not appropriate or suitable for all investors, and anyone reading this report is advised to discuss its contents with their investment advisors. The nature of the information contained in this report is considered time sensitive, is subject to change without notice, and cannot be relied upon after a period of three months, unless updated.

Alan Stone & Company, LLC, an affiliate of WallStreet Research, receives fees from companies mentioned herein and in the reports. Compensation from Command Security was a fee of $5,000 for preparation and distribution of the latest update report plus additional fees for previous reports during the past two years, the terms of which are available on our website and on reports. Alan Stone & Company, LLC has also earned compensation in the last two years for organizing roadshows and meetings on behalf of Command Security. Alan Stone & Company, LLC is under contract to receive compensation of 10,000 shares of common stock of NuTech Digital Inc. for publishing and distributing this electronic newsletter. Alan Stone & Company, LLC will also receive 15,000 shares of common stock of NuTech Digital, Inc. to initiate WallStreet Research analyst coverage beginning sometime during the month of February, and has an agreement to earn up to 100,000 stock options to purchase common stock in NuTech Digitial Inc. for newsletter and research services. Alan Stone & Company, LLC may also own other shares of companies mentioned herein or in the reports, for investment purposes, in its corporate accounts, and may increase or decrease its positions at any time, without notice.
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