M.H. Meyerson & Co. Issues Buy Recommendation On Solucorp Industries.WEST NYACK, N.Y.--(BUSINESS WIRE)--Feb. 4, 1998--Solucorp Industries Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : SLUP) today reported that M.H. Meyerson & Co. Inc., (NASDAQ-NNM: MHMY) has published a Research Report by its senior research analyst, in which Solucorp Industries rated a Purchase Recommendation. The six page report is available on request from M.H. Meyerson's office in Jersey City, New Jersey. The report of Meyerson's senior research analyst, Andrew H. Scott, states: "Based on recent news, we believe the company could win a significant amount of large contracts going forward. In our opinion, we believe the company is potentially capable at trading 15X our CYE CYE Curb Your Enthusiasm (TV show) CYE Close Your Eyes CYE Check Your Email CYE Calendar Year End CYE Choose Your Event CYE Curtis Youngblood Enterprises 1998 estimate of fifty cents, for a target price of $7.50." Scott's predictions and enthusiastic support of Solucorp are based on recent regulatory approvals of the company's patent pending Molecular Bonding System (MBS See Mb/sec. MBS - mobile broadband services (R)) as a premium quality remediation technology for hazardous heavy metals heavy metals, n.pl metallic compounds, such as aluminum, arsenic, cadmium, lead, mercury, and nickel. Exposure to these metals has been linked to immune, kidney, and neurotic disorders. contamination. These approvals by the U.S. EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. , China National EPA, and the British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography Ministry of Environment in Canada are significant in the environmental industry. Scott has also recognized the profit potential in the company's focus shift in basic strategy from remediation contracting to technology licensing and new product development. In a related action, M.H. Meyerson included a summarized version of Scott's report in its Jan. 27, 1998, "Micro-Cap Focus List" of twenty five companies deserving of "Buy" or "Hold" recommendations. Headquartered in West Nyack, N.Y., Solucorp Industries focuses on developing and marketing products for environmental markets' needs. The company's Molecular Bonding System is a U.S. EPA-approved Superfund Innovative Technology, after being demonstrated to be a permanent, cost-efficient solution for stabilizing heavy metals in soils and wastes. -0- The foregoing discussion contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which are based on current expectations. Actual results, including the timing and amount of revenues recognized, contracts awarded and performed and net income may differ due to such factors as: delays in payment on contracts due to dealings with governmental and foreign entities; fluctuations in operating costs operating costs npl → gastos mpl operacionales associated with changes in project specifications; economic and other conditions affecting the ability of prospective clients to finance projects; and other risks generally affecting the financing of projects. CONTACT: Solucorp Industries Ltd. Brian Binckes, 913/685-4530 or Martin E. Janis & Co. Inc. Bev Jedynak, 312/943-1100 |
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