ORLANDO, Fla., May 8, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. today announced it has issued a fourth quarter 2007 research update on Carbon Sciences, Inc. (OTCBB:CABN), a company engaged in developing its GreenCarbon(tm) Technology which converts harmful carbon dioxide into useful carbon products.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
"CABN continues to focus on developing and commercializing its GreenCarbon(tm) Technology. We consider the completion of CABN's Mobile Prototype as an initial positive mark toward the development of this technology.
"CABN expects to develop its products and to focus its efforts on establishing markets in power plants and industrial factories by 2010. We believe CABN's carbon transformation is a better option compared with traditional carbon sequestration technologies," Bhargava continued.
"As the world moves toward trimming the impact of global warming, the U.S. Department of Energy has set an objective to capture 90% of CO2 from the environment with 99% storage permanence at less than a 10% increase in energy costs, which itself would be a Herculean task. With the value of GreenCarbon Technology and the DOE's objectives, CABN has massive upside potential," she concluded.
"We are assigning a 'Speculative Buy' rating to CABN stock with a 12-month target price of $0.32."
To receive a complimentary copy of the RedChip Visibility Fourth Quarter 2007 Research Report for CABN, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=105&from=05082008pr
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Real Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Disclosure
None of the profiles issued by RedChip Companies, Inc. constitutes a recommendation for any investor to purchase or sell any particular security. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Carbon Sciences, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc. $30,000 for RedChip Visibility Program services, which included the preparation of this equity research report. RedChip Companies, Inc. was engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. Carbon Sciences, Inc. paid RedChip Companies, Inc. a fee of $45,000 in cash and 500,000 shares of common stock under Rule 144 for six months of these investor relations services.