Dutton Associates Announces Investment Opinion: InkSure Technologies Buy Rating In Initiating Coverage By Dutton Associates.EL DORADO El Dorado, legendary country of South America El Dorado (ĕl`dərä`dō, –rā`–) [Span.,=the gilded man], legendary country of the Golden Man sought by adventurers in South America. HILLS, Calif. -- Dutton Associates initiates its coverage of InkSure Technologies (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :INKS) with a Buy rating and a $2.25 target price. The 18-page report by JM Dutton senior analyst Rafael Kapelinski is available at www.jmdutton.com as well as from First Call, Bloomberg, Zacks, Reuters, Knobias, and other leading financial portals Financial Portal A website that provides a variety of financial data and information, acting as an information hub for clients who are individual investors requiring timely financial news and data to make their investment decisions. . We initiate coverage Initiate coverage (1) Firm is now followed by analysts at a particular securities house; (2) Indication to cover short position by purchasing the underlying stock (this cancels out the short position). on InkSure Technologies with a Buy rating. InkSure is a provider of covert, machine readable Data in a form that can be read by the computer, which includes disks, tapes and punch cards. Printed fonts that can be scanned and recognized by the computer are also machine readable. security solutions to protect branded products and documents of value from counterfeiting counterfeiting, manufacturing spurious coins, paper money, or evidences of governmental obligation (e.g., bonds) in the semblance of the true. There must be sufficient resemblance to the genuine article to deceive a person using ordinary caution. , fraud and diversion. InkSure has established a strong position in the market for ink-based security solutions. Today, the Company is one of the leading players in the market with a mature solution and some very significant partnerships, including DuPont Authentication Systems The combination of authentication server and authenticator, which may be separate devices or both reside in the same unit such as an access point or network access server. The authentication server contains a database of user names, passwords and policies, and the authenticator physically . Importantly, the inherent flexibility of the Company's ink-based technology dovetails with other security technologies. As a result, the Company's customers are able to overlay the machine-readable codes onto holograms and other overt features, resulting in multi-layered security that is effective, economical and virtually impossible to reverse-engineer. At present, the Company is also expanding into the development and manufacture of chipless RFID An interim stage between electronic article surveillance (EAS) and full-blown RFID. Chipless RFID tags use several one-bit EAS elements, each tuned to a different frequency, to create a serial number. See EAS and RFID. tags. The Company's goal is to utilize its know-how acquired in developing ink-based security solutions to develop multi-bit (e.g. 96 bit) chipless RFID tags that can be manufactured with conductive inks Conductive ink is an ink that is conductive, allowing a circuit to be drawn or printed on a variety of materials including paper. It usually contains powdered silver and carbon. Conductive ink is a cheap way to print circuit boards on paper. and printed beneath the surface of documents, product labels and product packaging at item level at the cost of well below one cent each. We would like to argue that InkSure is an attractive growth story with a developing second leg of revenue growth, which we expect to start contributing to the top line in 2007. About Dutton Associates Dutton Associates is one of the largest independent investment research firms in the U.S. Its 31 senior analysts are primarily CFAs and have expertise in many industries. Dutton Associates provides continuing analyst coverage of over 140 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors. The cost of enrollment in our one-year continuing research program is US $39,500 prepaid for 4 Research Reports, typically published quarterly, and requisite Research Notes. Dutton & Associates received $28,000 from the Company for 3 Research Reports with coverage commencing on 11/13/06. The Firm does not accept any equity compensation. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing. |
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