HOLLYWOOD, Fla., Aug. 31, 2004 (PRIMEZONE) -- The Nutmeg Group's Managing Director, Randy Goulding, today discussed his firm's investments in Senticore, Inc. (OTCBB:SNIO), a growing diversified holding company, in an interview broadcast over the World Talk Radio Network. The full interview, conducted by research analyst Francis Gaskins, is available at http://mmslb.eonstreams.com/gaskins/snio-nutmeg+135.wma
In the interview, Goulding points out that The Nutmeg Group's $30 million in assets are committed to funding companies like Senticore, that are part of what he describes as a nanocap group. The nanocap area, he points out, is comprised of companies that may have modest current revenues, but also have the potential to grow their businesses exponentially. Senticore, he notes, is particularly capable of accomplishing that objective, given its vast timber holdings, its real estate operations in Florida, and its Detroit Gladiators franchise as part of the new World Hockey Association.
Goulding says that, as an attorney and CPA, his background enables him to seek out those companies, like Senticore, that have a solid business plan, as well as experienced management, and is then able to provide them the financial lift to reach their objectives.
In response to a question about The Nutmeg Group's investment style, Goulding said that Nutmeg has never, and will never, short a stock, always seeks out win-win situations, and will not fund any company if such a commitment could trigger a decline in the company's valuation. "We are only interested in being a value-added company," said Goulding, "and our philosophy is that, if our investment will be at the expense of the company, we're not interested in that."
Last week, Barrow Street Research, which issued an initial speculative buy recommendation on Senticore that can be reviewed at http://www.barrowstreet.com, reiterated its thoughts in an interview also broadcast over the World Talk Radio Network. The full interview is available at http://www.worldtalkradio.com/archive.asp?aid=2306.
In it, Barrow Street chief research analyst John Attalienti reasserts his sense that Senticore is a very unique company. He notes that, "You don't often come across a microcap company that is really in the process of becoming a diversified holding company...with management that has a good wrap-around background" to execute its business plan.
The analyst goes on to point that the company's more than 80,000 acres of timber plantations in Venezuela and Cost Rica, along with its hockey franchise and real estate holdings, have the potential to make Senticore grow rapidly.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.