ORLANDO, Fla., May 22, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. announced that it has issued a research update on Commodore Applied Technologies, Inc. (OTCBB:CXIA).
Lisa Springer, MBA, CFA, RedChip Research Analyst, wrote in the report:
"Commodore Applied Technologies reported a significantly reduced net loss for 2006. Net losses applicable to common shareholders fell to $2.26 million or $0.29 per share in 2006 from $6.78 million or $0.93 per share in 2005. The Company provides technical services and patented remediation technologies for the treatment of hazardous waste, primarily serving government sector clients, including the Department of Energy (DOE) and the Department of Defense (DOD), as well as private-sector domestic and foreign industrial customers.
"At a current $0.20 price, Commodore shares trade at only around 20 percent of annualized revenues, well below the waste management peer group's average 1.8 P/S multiple. We think the Company's improving bottom-line and enhanced contract prospects warrant a higher valuation and reiterate our Speculative Buy rating and one-year $0.60 price target for these shares."
To receive a complimentary copy of the RedChip Visibility research update for CXIA, please visit: http://www.redchip.com/visibility/about.asp?page=requestCXIA_Q4_2006&from=pr05/22.
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.
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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.