DREV news inside....mentioned with RNTK in the news:
Friday March 27, 8:01 am Eastern Time
Company Press Release
Ecovest's "Stocks to Watch" List - Rise in Silver Linked to Green Technology Investing
LOUISVILLE, Ky.--(BUSINESS WIRE)--March 27, 1998--A report due out April 6 from Chilport Proprietary Research will attribute Warren Buffett's huge
stake in silver to recent advancements in silver-zinc fuel cell technology. That's welcome news to a new publication for investors.
Ecovest, Inc. announces a soon to be released quarterly publication, The Ecovest Report, covering environmentally-innovative technologies. ''Many solutions to
environmental challenges are already here, but the successful technologies are tucked away at companies that don't receive adequate coverage from Wall Street,''
cites Ecovest editor Scott Swearingen. ''The speculation about Buffett investing in fuel cell technology, indirectly through silver, is potentially a huge endorsement of
green technology investing.''
Additionally, Ecovest will be sponsoring a web site to assist investors with useful sources and tools to help identify and research publicly-traded companies at the
forefront in ''green engineering''. (Both services are expected to launch on Earth Day, April 22). Ecovest sees the internet as a potential boon to
environmentally-friendly technologies, as a breadth of online sources help individuals verify and make their own investment decisions. Since the new generation of
investors are more environmentally aware, their investments should help the prospects of companies sponsoring green technologies.
Ecovest seeks out companies with proprietary technology, experienced management and significant, untapped markets. Examples of profiled companies are
highlighted below, with contact numbers for investor relations. Ecovest does not accept compensation from companies which appear in its reviews.
Astropower -- $ 8.00 (Nasdaq: APWR - news)
Sales climbed 56% last year to $16.6 million for this manufacturer of photovoltaic solar cells, modules and panels. Over twelve states have recently passed or
initiated legislation making solar use more financially attractive. Overseas, development grows beyond the power grid and the portability of solar is a critical benefit.
Experts Paul Maycock (PV News), Andrew Kasius (EA Capital) and Brian Graham of MIT praise Astropower's superior technology, which uses recycled
semiconductor wafers and a process that grows super-thin layers of silicon resulting in superior cells. First Albany is out with a ''strong buy'' and a year-end target of
$14.00. Tel. (302)366-0400
Ateba Mines -- $ 0.07 ( Alberta Exchange: ABM )
Phosphate ore processing continues to be big business in Florida and the Carolinas. Huge gypsum stacks are a by-product, but so are waste lagoons of phosphate
rock and clay. El Nino's historic rainfall has increased the hazard of these settling ponds. This Canadian company has a patented, environmentally-friendly process
that separates clay from phosphate, which can then be used to produce cement and is also applicable to clay remediation in gold and diamond mining. Tel.
(416)282-3569
Dura Products International -- $ 4.65 ( Canadian Dealing Network: DURP )
The lowly, ubiquitous pallet consumes nearly one-half of all hardwood in the U.S. and is the second leading source of landfill waste. High replacement and disposal
costs for wood pallets have industry as dissatisfied as the environmentalists. This Ontario-based company has devised a composite-material pallet from recycled
plastic and waste cellulose fiber. As compared to wood its stronger, meets or beats the cost and can be ultimately recycled in an entirely closed-loop process. The
boss is Keith Carrigan, former president of waste management giant Laidlaw. Tel. (416)679-0556
Dragon Environmental -- $ 0.31 (OTC BB: DREV - news)
The Safe Drinking Water Act will be a wake-up call for waste and water treatment facilities, consumers and the press. Soon providers must publish the chemical
content within your drinking water as a part of monthly statements. Now, the big surprise - the degree to which treatment facilities use chemicals (''disinfection
byproducts'' linked to cancer, birth defects and most recently miscarriages), to counter the effects of grit, sand and other sediment built-up in aeration basins. Last
month Los Angeles water officials conceded they're ''....between a rock and a hard place. The problem is people don't want to see closed reservoirs.'' They've
suggested pregnant women boil tap water, but dermatologists have countered, citing the chemicals are absorbed during bathing. As a result, Florida-based Dragon
Environmental is busier than ever. They have the only technology we are aware of - protected by seven patents - to remove and stabilize this material while the plant
continues to operate. Down from a high of $2.00 as impatient investors have moved on. Soon to be a fully reporting company, we are told. Tel. (407)330-3900
Eco Soil Systems -- $ 9 1/16 (Nasdaq: ESSI - news)
Eco Soil's proprietary remediation systems ferment environmentally-safe micro-organisms, releasing ''good bugs'' onto golf courses to attack pests that damage
fairways and greens. Golf courses spend one billion annually on chemicals - but agricultural markets top $30 billion. The company has recently displayed success
raising crop yields by neutralizing salt-contaminated soil, for such crops as tomatoes, using beneficial microbes. Sales up 210% in '97 to $37.5 million. Tel.
(619)675-1660
Global Water Technologies -- $ 0.075 (OTC BB: GWTR - news)
Their core cooling tower business continues to grow. (An Entrepreneur Magazine ''Hottest Company'' in '96, Colorado Exporter of the Year in '97). Now President
George Kast is eyeing big opportunities in non-chemical water treatment, as industries struggle to better reuse and recycle process water to boost operating
efficiencies and comply with tougher environmental standards. An international client roster that includes ADM, Amoco, GE and Toshiba, their goal is $100 million in
sales in three years. Eighty-nine percent of stock is held by insiders. New digs in the former Coleman products headquarters. Tel. (303)233-0400
Medis El -- $ 8 7/8 (Nasdaq: MDSLF - news)
The world market for pumps and compressors is $35 billion and the technology is necessary for refrigeration, air-conditioning and everything from power generation
to high-speed trains. Medis El, an Israeli corporation with technology adapted from the former Soviet Union, has patented a reciprocating linear compressor with no
rotating parts, 50%-plus greater energy efficiency and an environmentally-favorable helium gas instead of conventional, ozone-depleting Freon. Additionally, Medis
El has recently filed for patent protection on an electric motor that generates electrical power from the reciprocated motions of natural sources such as sea waves
and the wind, resulting in electric energy at reduced cost, better efficiency and environmental conservation. Licensing agreements are possible from an array of major
manufacturers. The stock has crept up 40% recently on no news. Tel. (212)935-8484 or KCSA (212)682-6300
Mechanical Technology, Inc. -- $ 7 7/8 (OTC BB: MKTY - news)
Creating energy that's combustion and pollution-free, fuel cells could top the impact of the internal combustion engine, according to the Dept. of Energy. Ballard
Power Systems is the frontrunner, soaring to $188 per share this year with a $2 billion market cap, but their technology relies on methanol or natural gas. A refueling
structure to support it could run a trillion dollars or more. Mechanical Technology's Plug Power unit, in conjunction with Los Alamos National Laboratory, has
achieved the first direct conversion of gasoline into electricity for its fuel cell. Considerable patent coverage resides with Los Alamos. Green investors should keep an
eye on MKTY. Tel. (518)785-2211
Rentech -- $ 2 3/32 (Nasdaq: RNTK - news)
Half of the world's natural gas supply is unusable because it's remotely located. A likely solution, gas-to-liquids (GTL) technology, has oil companies investing
billions. Diesel fuel created from natural gas burns cleaner and could reduce emissions 10% to 30% over regular fuel. Rentech has recently been awarded its ninth
patent related to the process and is currently negotiating with Texaco. Tel. (303)298-8008
DISCLAIMER:
Ecovest, Inc. is an independent research firm that publishes investment-research reports such as The Ecovest Report on independently selected companies. While it
is its intent to identify and research companies that it believes might prove to be profitable investments, Ecovest, Inc. is not liable for any investment decisions by its
readers. Neither The Ecovest Report nor any report published by Ecovest, Inc. represents a solicitation to buy or sell the securities discussed within the report. It is
strongly recommended that any purchase or sale decisions be discussed with a financial adviser or broker prior to completing any such purchase or sale decision.
The information contained herein is provided as an information service only and is based upon sources deemed reliable but not guaranteed. Past performance of
featured companies does not guarantee the future success of any featured or mentioned company. The information contained herein is subject to change without
notice, and Ecovest, Inc. assumes no responsibility to update the information in this or any report published. Use of this or any report published by Ecovest may be
subject to the applicable rules of certain self-regulatory organizations and the securities mentioned herein, which are traded Over The Counter, and may not be
cleared for sale in certain states. The Ecovest Report and/or its employees, officers, affiliates or members of their families may have long or short positions in any of
the securities discussed in this or other reports published herein (and/or options or warrants relating thereto) and may purchase and/or sell these securities, options or
warrants from time to time in the open market or otherwise. Neither Ecovest, Inc. or its officers, directors, employees or assignees derive compensation in exchange
for reviewing or mentioning companies within its reports or releases. In no event shall Ecovest, Inc. be liable for direct, indirect, incidental or consequential damages
resulting from the use of this information. Ecovest, Inc. shall be indemnified and held harmless from any actions, claims, proceedings or liabilities with respect to the
information herein.
SUBSCRIPTIONS & CONTACT INFORMATION: $79.00 annually (U.S.) Published quarterly.
Ecovest, Inc.
2525 George Rogers Clark Bldg., #106
Louisville, KY 40206
(502)899-5898 info@ecovest.com
Contact:
Ecovest Inc., Louisville
Scott Swearingen, 502/899-5898 |
