MagIndustries Corp. (MAA.V) Announces Investology Research Initiates Coverage and Issues Research Report.TORONTO -- MagIndustries Corporation (TSX-V: MAA MAA abbr. macroaggregated albumin ) is pleased to announce the initiation of coverage and issuance of a Research Report by Investology Research, a leading independent research firm. Investology is initiating coverage on MagIndustries with its highest rating: POSITIVE. The full research report may be downloaded from Investology's website, www.investologyinc.com, or by clicking on the following link: http://www.investologyinc.com/company.php?id=22 MagIndustries Yahoo Finance quote link: http://finance.yahoo.com/q?s=maa.v About MagIndustries Corp. MagIndustries' has four diverse subsidiaries that are operating and developing major industrial projects in the Republic of Congo (ROC) and the Democratic Republic of Congo (DRC DRC Democratic Republic of Congo DRC Down (Stage) Right Center DRC Director(ate) of Reserve Components DRC Disability Rights Commission (United Kingdom) ). * MagEnergy, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , is the leading participant in the refurbishment (Phase I) and rehabilitation (Phase 2) of the generating capacity at the 1440MW Inga II Hydroelectric station on the Congo River Congo River or Zaire River River, west-central Africa. Rising in Zambia as the Chambeshi and flowing 2,900 mi (4,700 km) through the Democratic Republic of the Congo to the Atlantic Ocean, it is the second longest river in Africa. in the DRC. The Industrial Development Corporation of South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. holds a 30% interest in Phase I and a 15% interest in Phase 2. MagEnergy is also evaluating the development of the 300 MW Busanga hydro-electric site in the Katanga region of the DRC. * MagForestry, a wholly owned subsidiary of MagIndustries, controls 100% of Eucalyptus Fibre Congo, an operating, 68,000 hectare eucalyptus forest plantation which overlies MagIndustries Makola Mineral License near Pointe-Noire, ROC. * MagMinerals, a wholly owned subsidiary, is completing a bankable bank·a·ble adj. 1. Acceptable to or at a bank: bankable funds. 2. Guaranteed to bring profit: a bankable movie star. feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. for the development of a 600,000 tonne per year potash (fertilizer) plant near Pointe-Noire, ROC. * MagMetals, a wholly owned subsidiary, is planning the development of a 72,000tpy magnesium smelter adjacent to MagMinerals' potash plant for the production of magnesium alloys for the global automotive industry. The raw materials for the MagMinerals and MagMetals plants will be sourced by solution mining MagIndustries' 100% owned carnallite car·nall·ite n. A white, brownish, or reddish mineral, KMgCl3·6H2O, an ore of potassium, used to manufacture potash salts. (magnesium and potash salt) deposits which underlie the Makola Mineral License near Pointe-Noire. Website: http://www.magindustries.com About Investology Inc. Investology Research is a leading independent research firm which specializes in providing research on small and micro-cap stocks. Investology was ranked as the #3 best performing independent research firm by BusinessWeek magazine in 2004. Investology's extensive distribution network includes First Call/Thomson Financial, Reuters, and Yahoo Finance. Forward-Looking Statements: This press release contains forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially. |
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