from the golden list
AIRG target $2.80 next 12 months before there new PR
Airtech Announces European Broker Dealer and New Board Member
Airtech Announces European Broker Dealer and New Board Member
DALLAS, Jul 6, 2001 (BUSINESS WIRE) -- Airtech International Group, Inc.
(OTCBB:AIRG) announced today the Company has retained the firm of Brown & Lampe
(www.brown.at) of Vienna, Austria to represent Airtech for Investment Banking,
Retail Support, M&A, and Syndication services in Europe.
Airtech CEO & Chairman C.J. Comu will travel to Europe this month, to visit with
numerous Investment Banking and Corporate Finance groups for strategic planning
discussions.
Speaking from his offshore unit based in Cyprus, Brown & Lampe President & CEO,
Bernard Brown stated, "We have been building a considerable position with
Airtech the past year and it is our opinion that the stock is grossly
undervalued and we think it is a great time for our firm and clients to be
acquiring a position. Based on the Company's projected $9.3mm 2002 revenue
forecast and an EPS of $.07 share, we feel that a realistic multiplier of 40X
should make this a $2.80 stock in the next 12 months. We are setting up
appointments for Airtech CEO to meet with brokers, bankers, institutional fund
managers, analysts and our high net worth clients that are looking at Airtech as
a solid long term invest opportunity." |
