ORLANDO, Fla., Nov. 8, 2006 (PRIMEZONE) -- RedChip Visibility, a division of RedChip Companies, announced that they have initiated research on Commodore Applied Technologies, Inc. (OTCBB:CXIA).
Lisa Springer, MBA, CFA, RedChip Research Analyst, wrote in the report:
"The stock trades at a fraction of the waste management peer group's 1.0 P/S multiple. Interestingly, Commodore's revenue growth last year and reduced operating loss this year produced a lower, not higher, share price. These shares have traded as low as $0.09 in the first six months of FY 2006. Despite the Company's balance sheet and liquidity challenges, we think the current valuation doesn't recognize Commodore's progress in winning contracts and improving its financial results. We think Commodore is undervalued at the current price and are rating these shares a Speculative Buy (suitable for investors who can tolerate above-average risk) with a one-year price target of $0.60 based on a 0.6% P/S multiple of estimated FY 2006 revenues."
To receive a complimentary copy of the RedChip Visibility initial research for CXIA, please visit: http://www.redchip.com/visibility/about.asp?page=requestCXIA.
About RedChip Visibility(tm)
RedChip Visibility(tm), a division of RedChip Companies Inc., writes fundamental research on small-cap companies. RedChip's success has been documented in Forbes, Barron's and the Wall Street Journal. RedChip Visibility(tm) provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States, producing online corporate visibility programs, and writing company sponsored research.
The RedChip Companies Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2761
RedChip Visibility Research Disclosure
Commodore Applied Technologies, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. CXIA paid RedChip Visibility $17,000 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by Commodore Applied Technologies, Inc. to increase investor awareness of CXIA to the small-cap equity community. These services may include investor conferences and digital and print distribution of CXIA investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $4,000 and 220,000 shares of Rule 144 stock for the first six months of Aurelius services and 120,000 shares of Rule 144 stock for the second six months of investor relations services.