SAN FRANCISCO, Nov. 22 /PRNewswire/ -- Robertson, Stephens & Company research analyst Mark Simon initiated coverage today on Matritech, Inc. (NMPS) with a Buy rating. Matritech is a company with an enabling technology and one that has already carried a product through the FDA.
"We believe the company could easily eliminate a number of health care costs and high anxiety medical procedures," said Simon. The EPS estimates for 1996 and 1997 are ($0.32) and ($0.22), respectively.
Robertson, Stephens & Company is a leading international investment banking firm focused on emerging growth companies. The firm's 31 senior research analysts cover over 440 companies.
The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of the Firm, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when they are, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This news release contains forward-looking statements, which involve risks and uncertainties. The Company's actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in the "Investment Risks". Robertson, Stephens & Company LLC from time to time performs corporate finance services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. Facts and other information discussed have been obtained from sources considered reliable but are not guaranteed. Robertson, Stephens & Company LLC, its managing directors, its affiliates and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this press release is in circulation. Robertson, Stephens & Company LLC, a California Limited Partnership, is located at 555 California Street, San Francisco, CA 94104, phone 415-781-9700. Robertson, Stephens & Company investment bankers are members of all major exchanges. SOURCE Robertson, Stephens & Co.
-0- 11/22/96 /CONTACT: Schyler Parsons, 415-693-3332, or Mark Simon, 415-693-3343, both of Robertson, Stephens & Company/ CO: Robertson, Stephens & Co.; Matritech Inc. ST: California IN: FIN MTC SU: RTG |