First Financial Begins Analytical Coverage of Ozon
DALLAS--(BUSINESS WIRE)--April 20, 1998--First Financial Investment Securities Inc., based here and in Austin, Texas, Monday announced it has initiated research coverage of Cyclopss Corp. (NASDAQ:OZON).
Highlights of the first research report include:
-- Development stage firm rapidly moving into commercialization of its technology; several key pilot programs now underway within the food service and textile industries.
-- Ozone has been found to be far more efficacious in killing microbial infestation and cleansing fabrics than conventional technology, at lower overall cost and with extremely benign side effects. Company holds more than ten product and process patents.
-- Recently enhanced management team now includes respected former executives from Del Monte, Chiquita, Hyatt Hotels.
-- Issuing "long term buy" recommendation with a 12-month price target of $5.00 per share.
Cyclopss Corp. is one of the nation's leading developers of ozone applications and technologies for industries ranging from hospital-, hotel- and commercial laundries to beef, poultry and produce processors. The company markets Eco-Pure Food Safety Systems, Eco-Wash Laundry Systems and other products, some of which are ozone-based, some not.
The Report was authored by Eric C. Boyce. Boyce recently joined First Financial Investment Securities Inc. from First Dallas Securities Inc. where he directed the equity research effort and covered a number of health care and technology oriented firms as a special situations equity analyst.
Institutional investors can obtain a copy of the Research Report directly from the Analyst, Eric Boyce, at 214/739-5900; retail investors can obtain a copy by calling Ron Allison at 800/900-9540.
CONTACT:
Cyclopss Corp., Salt Lake City
Melinda Ballard 512/894-0508
or
MEM/Hubble Communications Inc.
Jennifer Hill, 512/480-8961
KEYWORD: UTAH IDAHO
BW1084 APR 20,1998 |
