Donner Corp. International Issues Speculative Buy Recommendation On Ocean Power Corp.
SANTA ANA, Calif., Feb. 23 /PRNewswire/ -- The following is being issued by Donner Corporation International, a member of the National
Association of Securities Dealers, CRD number 37702.
Donner Corp. International, an Investment Banking firm headquartered in Santa Ana, Calif., today issued a Speculative Buy Recommendation and initiated coverage on Ocean Power Corporation (OTC Bulletin Board: PWRE - news), El Dorado Hills, California. Ocean Power focuses on the development of a commercially viable product line of mass-produced, modular, seawater desalination systems.
''The Company's focus is to meet the ever-increasing worldwide demand for new sources of clean water and energy. Worldwide, water consumption has been doubling every 20 years, while supplies of potable water either diminished or become polluted,'' Donner said. ''Today, one-quarter of the world's 5.9 billion people have no access to clean drinking water.''
The Donner Report said Ocean Power ''has devised a unique system for the desalination of seawater. The Company fully expects to fundamentally change the way the world gets its water and significantly reduce the cost as well.
''Ocean Power is probably the only company in the world designing, customizing and manufacturing water desalination systems powered by low pollution PowerCells,'' Donner said. ''Ocean Power will focus on the seawater desalination market by providing proprietary, integrated,
water systems to various joint ventures and strategic alliances in selected regions of the world.
''We believe Ocean Power's stock is undervalued considering the ever increasing global demand for clean water, the unique system
developed by this Company to meet this demand, the lack of relevant competition, and the aggressive business plan that sees Ocean Power
fundamentally changing the way the world gets its water,'' Donner said.
Copies of the Donner report on Ocean Power Corporation are available at 1-800-324-6050. (The information contained herein is based on sources believed to be reliable but is not guaranteed by this company and is not comprehensive. It is not to be construed as an offer or the solicitation of an offer to sell or buy securities mentioned herein. The Company, its members, affiliates and employees may have long or short positions, which could be substantial, in securities discussed or recommended and may purchase, sell, or trade these securities from time to time in the open market or otherwise. In addition, this Company may from time to time perform investment banking, corporate finance, provide services for, and solicit investment banking, corporate finance, or other business from the issuers of such securities for a fee.) |
