CGF Securities, LLC Announces Investment Opinion on BioSphere Medical.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by CGF CGF Commonwealth Games Federation (UK) CGF Computer Graphics Forum CGF Computer Generated Forces CGF Chlorella Growth Factor CGF Charging Gateway Function CGF Crystal Growth Furnace CGF College Golf Foundation Securities, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--Jan. 15, 2004 CGF Securities, LLC, a diversified financial services firm which provides corporate, private client and institutional services including investment and merchant banking, brokerage and institutional sales and research has given a "Buy" recommendation in an Initial Report of BIOSPHERE biosphere, irregularly shaped envelope of the earth's air, water, and land encompassing the heights and depths at which living things exist. The biosphere is a closed and self-regulating system (see ecology), sustained by grand-scale cycles of energy and of MEDICAL (Nasdaq:BSMD), a medical device company that is pioneering the use of bioengineered microspheres to treat hypervascularized tumors and vascular malformations. CGF Securities Healthcare Analyst Clifford P. Murray, M.D. wrote the report which is available at http://www.cgfsecurities.com. According to the report, BSMD represents the ideal medical micro-cap situation, in our view. There is virtually no current coverage by Wall Street, the Company's enterprise value of approximately $45 million is minute as compared to the potential revenue stream, and the sub $5 per share stock price precludes it from being on most professional investor's radar screens. The possibility that BSMD can either become independently successful, or that as Uterine Fibroid Embolization Uterine Fibroid Embolization Definition Uterine fibroids are growths in the muscular tissue of the womb (uterus). Uterine fibroid embolization is non-surgical removal of the growths through the use of a tubular device called a catheter. (UFE UFE Uterine Fibroid Embolization UFE United for a Fair Economy UFE Ufficio Federale dell'Energia UFE Uniform Final Examination UFE Urban Challenge Final Event (DARPA) UFE Unidentified Flags and Ensigns UFE Unrestricted Free Agent ) gains acceptance, a large medical device manufacturer decides BSMD is a desirable acquisition candidate, creates a compelling investment opportunity. CGF is initiating coverage of BSMD with an initial price target of $9.00 and suggests purchase of these shares. This press release contains certain "forward-looking statements" as defined in the United States Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995 that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. Such factors are detailed from time to time in BioSphere's filings with the United States Securities and Exchange Commission and other regulatory authorities. CGF Securities, LLC, a subsidiary of Capital Growth Financial, Ltd. (the "Firm") currently makes a market in these securities. The Firm, its officers, directors, analysts or employees may effect transactions in and have long or short positions in the securities mentioned herein. |
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