ORLANDO, Fla., July 13, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., announced that it has issued a first quarter 2007 research update on Commodore Applied Technologies, Inc. (OTCBB:CXIA).
Tony Telan, MBA, RedChip Research Analyst, wrote in the report:
"During 1Q07, the Company completed an agreement for $170,000 to purchase the equipment and subcontracting rights for two contracts from American Aquatics, Inc. CXIA's management considers this acquisition a natural extension of the Company's environmental capabilities into the biological monitoring and ecological studies arena. The new capabilities, as a result of the acquisition, better position the Company to address the diverse needs of its clients.
"While the downside risk to CXIA shares may be evident, we believe there is an opportunity for investors with a high risk tolerance. Commodore operates in a very high margin business. Gross margins built into government contracts range between six percent and nine percent, and margins on SET contracts range between eighteen percent and thirty percent. If the Company is able to land more contracts, CXIA shares could benefit from price appreciation. We maintain a 'Speculative Buy' rating on CXIA."
To receive a complimentary copy of the RedChip Visibility research update for CXIA, please visit:
http://www.redchip.com/visibility/about.asp?page=requestCXIA_Q12007&from=pressCXIA71307.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
Disclosure
RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. 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.