FreeSeas Inc. (NASDAQ:FREE), Education Management Corporation (NASDAQ:EDMC), Ampal-American Israel Corp. (NASDAQ:AMPL), and Echo Therapeutics, Inc. (NASDAQ:ECTE) , Have Been Added to Growing Stock Report's NASDAQ Percentage Decliners Watch List.


New York, NY -- (ReleaseWire) -- 12/21/2012 -- Growing Stock Report iniates an NASDAQ Percentage Decliners Watch List and Investor Poll for the following stocks: FreeSeas Inc.(NASDAQ:FREE), Education Management Corporation (NASDAQ:EDMC), Ampal-American Israel Corp. (NASDAQ:AMPL), and Echo Therapeutics, Inc. (NASDAQ:ECTE)

FreeSeas Inc.(NASDAQ:FREE) As of this Writing FREE is down (-14.35%)

FreeSeas Inc., a drybulk shipping company, through its subsidiaries, engages in the transportation of drybulk cargoes. The company transports various drybulk commodities, including iron ore, grain, and coal, as well as bauxite, phosphate, fertilizers, steel products, cement, sugar, and rice. As of May 15, 2012, it owned and operated a fleet of six Handysize vessels and one Handymax vessel. The company was formerly known as Adventure Holdings S.A. and changed its name to FreeSeas Inc. in April 2005. FreeSeas Inc. was incorporated in 2004 and is based in Athens, Greece.

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Education Management Corporation (NASDAQ:EDMC) As of this Writing EDMC is down (-19.64%)

Education Management Corporation provides post-secondary education in North America. It offers academic programs to students through campus-based and online instruction to earn undergraduate and graduate degrees, including doctoral degrees, and certain specialized non-degree diplomas in a range of disciplines.

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Ampal-American Israel Corp. (NASDAQ:AMPL) As of this Writing AMPL is down (-16.94%)

Ampal-American Israel Corp. acquires interests in businesses located in the State of Israel or that are Israel-related. It invests in companies in energy, real estate and project development, and leisure. The company provides its investee companies with ongoing support through its involvement in the investees? strategic decisions and introduction to the financial community, investment bankers, and other potential investors both in and outside of Israel. Ampal-American Israel Corp. was founded in 1942 and is based in Herzliya, Israel with an additional office in New York, New York. On August 29, 2012, Ampal-American Israel Corp. filed voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Southern District of New York.

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Echo Therapeutics, Inc. (NASDAQ:ECTE) As of this Writing ECTE is down (-16.90%)

Echo Therapeutics, Inc. operates as a transdermal medical device company in the United States. The company is involved in developing Prelude SkinPrep System, which is a platform technology to allow painless skin permeation that would enable both needle-free drug delivery and analyte extraction; and Symphony tCGM System, a non-invasive, wireless, and transdermal continuous glucose monitoring system for use in hospital critical care units and for patients with diabetes. It also engages in the development of specialty pharmaceuticals based on its proprietary AzoneTS transdermal drug reformulation technology.

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