Public Analysis & Review (PAR), administered by the non-profit Investors Research Institute, Inc., has announced that Jane Freedman, Miami, a professional analyst qualified in its unique continuing analyst program, will initiate coverage of Americlean, Inc.
NEW YORK (May 12) BUSINESS WIRE -May 12, 1999--Public Analysis &
Review (PAR), administered by the non-profit Investors Research
Institute, Inc., has announced that Jane Freedman, Miami, a
professional analyst qualified in its unique continuing analyst
program, will initiate coverage of Americlean, Inc. (OTCBB: AMCX),
beginning immediately. The reports will be distributed nationally by
Investrend Research.
Jane Freedman, member-New York Society of Security Analysts, was the
initial analyst qualified in PAR, and has been security analyst and
supervisory analyst with over 15 years experience with firms such as
Bear Stearns & Co., Inc., Kidder Peabody & Co., Phillips, Appel &
Walden & Co., Inc., and J.W. Charles / CSG. Her firm, J. Freedman &
Associates, is located in Miami, Fl.
The initial report is expected to be issued within a few weeks, and
subsequently AMCX will be followed on a quarterly basis after the
issuance of each earnings report.
Americlean services the North American drycleaning industry, a $7
billion annual market which has consistently grown an average of 10%
each year. The Company has combined the manufacture and supply of
drycleaning products with hazardous waste services utilizing its
proprietary recycling technology.
The company recently acquired Boggs & Co., adding $14 million in
annual revenues, and Universal EnviroClean Systems, Inc., which adds
$1.3 million in annual revenues, which it says positions Americlean to
become the leading manufacture and distributor of engineered
hydrocarbon solvents and cleaning agents in North America, which is a
leading contender to replace perchloroethylene (perc), the solvent
currently in use in over 90% of the continent's 3,000 dry cleaning
plants.
Some 14 public companies are enrolled in the unique program, including
ALYA International, Inc., Alphatrade.com, Scottsdale Scientific,
CorpHQ, Inc., American Alliance, MedCare Technologies, Crys-Tel
Telecommunication.com, Cadapult Graphic Systems, Inc., Starnet
Communications, Inc., Virtuallender.com, AutoTrade.com, Boystoys.com
and Planet City Corp.
Thirteen wirehouse-quality analysts have qualified in the PAR program.
Their reports are issued completely independent of both the Institute
and covered public companies. Analysts who have qualified include Joyce
Baynard, NYC, Richard Bliss, NYC, Gary N. Clark, Ph.D, CFA, Pasadena,
CA., William W. Davison, Ph.D., Fairfield, CT, John M. Dutton, Los
Angeles, J. Freedman, Miami, Gerald F. LaKarnafeaux, CFA, Ivins, UT,
Stanley Lanzet, NYC, Randall D. Lewis, Los Angeles, James F. Reda,
Marietta, GA, Daren Robinson, CFA, Toronto, ON, Harvey Robinson, CFA,
Laurel, MD and Bradley S. Wilds, CFA, NYC.
An analyst report is due to be issued this week for MedCare
Technologies (Nasdaq:MCAR), and quarterly reviews are pending for
Cadapult Graphic Systems, Inc. (OTCBB:GRFX) and AutoTradeCenter.com
(OTCBB:AUTC).
-0- es/ny*
CONTACT: Investors Research Institute, Inc.
Investrend Research
C. Partridge, 212-484-4747
investrend@usa.net
investrend.com
or
AmeriClean, Inc., 1-800-585-0295
ir@americlean.net
americlean.net
or
M&A West
Gerry Richards, 650-588-2678
info@mawest.com
mawest.com |
