DALLAS, Nov. 16, 2004 (PRIMEZONE) -- TalkingStocks.com Senior Investment Analyst, Jeff Bishop, announced today that he has issued an investment rating of 'Outperform' on MEMS USA, Inc. (OTCBB:MEMS). In the report, Mr. Bishop notes, "MEMS has a very solid business plan and, though it does not produce or refine oil, is poised to benefit from the record high oil prices. With recent acquisitions, MEMS is now positioned as a fully-integrated provider of products, systems, and services to the energy industry. One of MEMS most important product lines entails designing custom instruments to measure various dynamics of crude oil directly at the well. These instruments enable a well operator to view valuable information from the well online, and in real-time. With oil prices near all-time highs, oil companies are flush with cash."
In his report, Mr. Bishop includes several key investment considerations listed below:
-- MEMS' products have become quite attractive to oil producers lately. These customers are not very price sensitive when it comes to increasing operating efficiency and convenience.
-- Acquisition this month of Bott Equipment Company and Gulfgate Equipment Company should provide an additional $8.5 million in revenues in FY 2005.
-- Proposed joint venture to build, own and operate a Canadian ethanol facility should generate $15-17 million in revenues in FY 2005 and may provide an additional $120 million in revenues in the coming years.
-- MEMS is situated in a unique market niche with little competition and very high demand. Company will reach break-even from a cash-flow standpoint this year, and projects to be profitable in FY 2005.
The full report is available at: http://www.talkingstocks.com/reports/MEMS_111604.php
Registration is free.
MEMS USA, Inc. is a California-based professional scientific and technical services company. Please visit the company's web site at www.memsusa.com.
About TalkingStocks.com
TalkingStocks.com offers interviews with key executives from publicly traded companies. TalkingStocks.com is owned by TalkingStocks.com, LLC. Our services include executive interviews, company profiles, investor calls and our "Ask The CEO" show.
Disclosure
Profiles at StockGuru.com and Pentony Enterprises, LLC has been compensated a total of 20,000 restricted shares (Rule 144 shares) of MEMS. The company has paid this for profile coverage. Neither TalkingStocks.com, LLC, nor Pentony Enterprises, LLC, are registered investment advisers or broker/dealers. TalkingStocks.com, LLC and Pentony Enterprises, LLC makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
Safe Harbor Disclosure
The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the company's expectations. In addition to the matters described in this press release, risk factors listed from time to time in the company's reports and filings with the Securities and Exchange Commission may affect the results achieved by the Company.