J.M. Dutton & Associates Announces Investment Opinion: Circle Group Neutral Rating Issued in Update Report by Dutton & Associates.
NOTE TO EDITORS: The following is an investment opinion issued
by J.M. Dutton & Associates
EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Oct. 7, 2003
J.M. Dutton & Associates continues its coverage of Circle Group Internet (OTCBB:CRGQ) with a Neutral rating. The 7-page report by J.M. Dutton senior analyst Richard W. West, CFA is available at www.jmdutton.com as well as from Bloomberg, Zacks, First Call, Multex, and other leading financial portals.
Circle Group is a company in transition. Its new business model emphasizes the development and marketing of its Z-Trim product. Recent inquiries from over 100 companies and the possibility of strategic alliances with McDonald's and Proctor & Gamble are encouraging. However, Circle Group must aggressively address its financial position, specifically its low cash balances and low working capital. We recognize the $400,000 investment that was made on June 30, 2003, and this infusion of capital is a positive event toward solving the Company's capital and low working capital situation. We recognize there may be significant long-term potential in the Company's products of Z-Trim, Mini-Raman Lidar tool, and an anthrax/bacterial spore collection and elimination device based on ThraxVac Technology, but we cannot ignore the need for funds for the development of these products.
About Dutton & Associates
Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 17 senior analysts, primarily CFAs, have expertise in many industries. Dutton & Associates provides economically bias-free, continuing analyst coverage of enrolled companies, and its institutional-quality research, estimates and recommendations 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$28,000 prepaid before commencement of our research activities. We received $25,000 from the Company for coverage for the year, and do not accept payment of our fees in company stock. 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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|Date:||Oct 7, 2003|
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