DMRE...Wall Street West Sees DeMert & Doughertyas a Future Superstock; Completes Research Report
DENVER--(BUSINESS WIRE)--Aug. 12, 1998--Wall Street West
Communications, LLC announced today that DeMert & Dougherty
(OTC BB:DMRE) has been added to its portfolio of undervalued stocks. A
research report has also been completed. WSW is a privately-held,
Denver, Colorado based stock research firm and holding company that
focuses strictly on undervalued, undiscovered stocks and special
situations.
Daryn P. Fleming, President of Wall Street West commented, "We
see DeMert & Dougherty as a company that should soon be listed on a
major stock exchange, as it had $16 million in revenues for 1997 and
assets of $19 million. The Company has existed for 75 years as a
privately held company. It went public a couple of months ago. We like
the products and the value that they bring to the personal and hair
care market. We believe that getting in at the earliest level possible
brings profit opportunities that just are not available once a company
is discovered by Wall Street. We also see DMRE as a possible target
for an acquisition by a larger player."
DeMert & Dougherty, Inc. manufactures and distributes products
for the $4 billion annual personal care and hair care industry. The
Company owns more than 50 brand names and trade marks including: All
Set hair products, Essential Collection, Avec hair care line, Perm
Essentials, Perceptions, Mr. DeMert Shave Cream and Mr. DeMert nail
dryer, Laurel foaming bath products, Tradition Hair Care Products,
Tradition/Laurel deodorant and anti-perspirant. DMRE also produces its
own aerosol-propellant and sells the excess to other users.
DMRE distributes its products through mass merchandisers and
re-distributors like Salons. The Company has an impressive list of
customers including: Walgreens (NYSE:WAG), Rite-Aide (NYSE:RAD),
EcKerd Drugs, a division of JC Penney (NYSE:JCP), and Phar-More
(NASDAQ:PMOR). The personal and hair care industry is led by market
leaders like Bristol- Meyers Squibb (NYSE:BMY), Gillette Co. (NYSE:G),
Chesebrough-Ponds, Inc., Procter & Gamble Co. (NYSE:PG), Helene
Curtis, Inc., Clairol, Inc., Alberto Culver Co. (NYSE:ACV), Redken
Laboratory, Inc., Nexus, Inc., Paul J. Mitchell Systems, Matrix
Essential, Inc., Colgate Palmolive (NYSE:CL), Johnson and Johnson
(NYSE:JNJ), Avon Products (NYSE:AVP), Dial (NYSE:DL), Church and
Dwight Co. (NYSE:CHD), and Dow Brands, a division of Dow Chemical
(NYSE:DOW).
An online research report on DMRE is currently complete and is
available on the Web at wallstreetwest.com.
Wall Street West Communications, LLC has recently been acquiring the
shares of other undiscovered, small cap companies. Wall Street West is
an Internet-based, information storehouse for microcap investment
opportunities like DMRE. Interested investors are invited to visit the
website at wallstreetwest.com and subscribe to the FREE
email newsletter at Editor@wallstreetwest.com. Hard copy information
about DMRE is available from the Hawke Group at 1-954-564-7114.
c 1998 Business Wire |
