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Technology Stocks : NanoTechnology -- Ignore unavailable to you. Want to Upgrade?

To: ~digs who wrote (510)	10/13/2005 2:43:52 PM
From: dgreene56	Respond to of 720

SOTK has a strong balance sheet, is profitable, growing, with superb future growth potential. I think management is doing the right thing by investing in product and sales development for long-term growth. I especially like the potential of the use of their nozzles in home heating fuel conservation. A potential backdoor energy play, if you will. This slightly weaker than expected quarter has given a great LT entry/add point. From today's press release: "The reduction in net income during the current quarter was related to Company initiatives to ensure the future growth of the Company. The Company is focusing on product and marketing expansion in new technical and geographical areas." "According to Dr. Christopher L. Coccio, Sono-Tek's CEO and President, "We are expending significant time and effort in the creation of newer versions of our products to meet the needs of both the developed and developing world, and the evolution of the electronics and medical industries. We also are working hard to create new business opportunities around our successes in glass and other WideTrack coating areas. We believe this is a good use of some of our current resources, since it provides the potential for the future growth of the business." "Further he stated, "Sono-Tek was founded in 1975, at the time of the previous energy crisis, on the premise that the ultrasonic atomization nozzle could play a role in reducing oil consumption in home heating systems. That crisis faded before commercialization of our ultrasonic oil burner nozzle, but a new and higher energy cost environment is upon us now. We are looking into ways to combine our nozzle technology with appropriate marketing partners to address the needs for oil conservation that will be a long term fact of life here and overseas."