ANY NEWS ON MTXX PURCHASING THE REPORT TO SEND OUT TO SHAREHOLDERS? THAT IS HOW DAVE IS PAID.. ACCORDING TO HIS WEB SITE. HOW COME WHEN JONATHAN LEBED PUT OUT A REPORT ON MTXX WHY DID NOT THE COMPANY PUT OUT A PRESS RELEASE ABOUT ANALYST COVERAGE? AFTER ALL JONATHAN HAD A "STRONG BUY" ON THE STOCK
MTXX:US Matrixx Initiatives Inc More on MTXX:US NewsDetailed QuoteCharts
Matrixx Initiatives, Inc. Announces Analyst Coverage; Edgewater Research Partners Initiates Coverage
PHOENIX, May 12 /PRNewswire-FirstCall/ -- Matrixx Initiatives, Inc. (Nasdaq: MTXX), developer and distributor of the expanded line of Zicam(R) products, today announced that Edgewater Research Partners LLC has initiated coverage of the company. David Lavigne, partner and analyst for Edgewater, wrote the independent report.
"Matrixx has just completed a very successful year and first quarter, and we're gratified that the financial market is taking note of our performance," said Carl Johnson, president and chief executive officer. "As we continue to launch new products and grow revenues, we look forward to building increased presence among the analyst community."
The Edgewater report comes just one week after Matrixx announced its third consecutive profitable quarter and the introduction of three new products at the Company's 2003 Annual Shareholders Meeting held on April 30. The new additions complement the current line of Zicam Cold Remedy products. All three products, Zicam Cold Remedy Chewables, Zicam Cold Remedy RapidMelts and Zicam Oral Mist, utilize quick-dissolving oral delivery systems, which are designed to appeal to consumers who prefer not to use nasal applications. Each of the three products contains clinically proven active ingredients that actually shorten the duration and severity of the common cold. All products are expected to be available for the 2003-2004 cold season.
Matrixx Initiatives, Inc. did not pay Edgewater Research Partners LLC in any form for the initiation and writing of the independent report, and assumes no responsibility for the content or opinions represented in it.
About Matrixx Initiatives, Inc.
Matrixx Initiatives, Inc. is engaged in the development, manufacture and marketing of innovative drug delivery systems for over-the-counter (OTC) pharmaceuticals. Zicam, LLC, its wholly-owned subsidiary, produces, markets and sells Zicam(R) Cold Remedy nasal gel, a patented, homeopathic remedy that has been clinically proven to significantly reduce the duration and severity of the common cold. In studies published in the October 2000 issue of ENT - Ear, Nose and Throat Journal, and separately in the January 2003 issue of QJM: An International Journal of Medicine, the Zicam Cold Remedy product was shown to reduce significantly the duration of the common cold. The company also manufactures and markets a full line of Zicam brand pharmaceuticals, including Zicam Allergy Relief nasal gel, a homeopathic remedy designed to provide relief to allergy sufferers; Zicam Cold Remedy Swabs; Zicam Kids Size Cold Remedy Swabs; Zicam Extreme Congestion Relief; Zicam Sinus Relief; and Zicam Nasal Moisturizer. For more information regarding Matrixx products, go to www.zicam.com. To find out more about Matrixx Initiatives, Inc. (NASDAQ:MTXX), visit our website at www.matrixxinc.com. For additional information, contact William Hemelt, chief financial officer, 602-387-5353, whemelt@matrixxinc.com, or Lynn Romero, investor relations, at 602-387-5353, lromero@matrixxinc.com. Matrixx is located at 2375 East Camelback Road, Suite 500, Phoenix, Arizona 85016.
Matrixx Initiatives, Inc. Forward Looking Statement Disclaimer:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's intention to expand the Zicam product line and to have its new products available for the 2003/2004 cold season. These forward-looking statements are based on the Company's expectations and are subject to a number of risks and uncertainties, many of which cannot be predicted or quantified and are beyond the Company's control. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. Some factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, difficulties and delays in introducing, manufacturing and marketing the Company's new products, the failure of required stability studies for the new products, lack of market acceptance for the new products and unforeseen expenses incurred in connection with the production and launch of the new products. Other factors that could cause actual results to differ materially from the Company's expectations are described in the Company's Annual Report on Form 10-K filed pursuant to the Securities Exchange Act of 1934.
SOURCE Matrixx Initiatives, Inc. -0- 05/12/2003
/CONTACT: William Hemelt, chief financial officer, +1-602-387-5353, whemelt@matrixxinc.com, or Lynn Romero, investor relations, +1-602-387-5353, lromero@matrixxinc.com, both of Matrixx Initiatives/
/Web site: matrixxinc.com /
(MTXX)
CO: Matrixx Initiatives, Inc.; Edgewater Research Partners LLC; Zicam, LLC ST: Arizona IN: MTC HEA SU: RTG
-0- May/12/2003 18:56 GMT
Last Updated: May 12, 2003 14:56 EDT
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MTXX rated strong buy by: cbobby70 Long-Term Sentiment: Strong Buy 02/03/03 05:05 pm Msg: 78076 of 78102 New research report today by Jonathan Lebed: www. Lebed . biz |