Noveko International (TSX:EKO) Subject of StockPotentials Report by eResearch Corp - Video Summary of Report Posted on www.investmentpitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, February 24, 2012 - Toronto based eResearch has
issued a StockPotentials report on Noveko International (TSX:EKO).
StockPotentials reports cover smaller companies that have little or no following
on the Street, that eResearch believes would be primarily of interest to retail
investors.
InvestmentPitch.com has produced a "video news alert" based on this report. If
this link is not enabled, please visit www.investmentpitch.com and enter
"Noveko" in the search box.
Noveko is located in Montreal, Canada, has 109 employees, and operates in
Canada, France, Luxembourg, Taiwan, and Algeria.
The company is involved in the development and commercialization of ultrasound
scanners for use in veterinary and human medicine. This is currently the
company's largest revenue generator. The sale of medical equipment and air
filtration products represented nearly 95% of Noveko's revenue in 2011, which
the balance coming from anti-microbial sanitizers, surgical masks and
respirators.
Over the past few years, Noveko has transitioned from a research and development
business to the early stages of commercialization. Although Noveko still reports
losses, operating results significantly improved during 2011 and early 2012 as
the implementation of a number of measures and corporate restructuring generated
operating efficiencies.
The company's medical equipment segment succeeded in establishing a solid
footprint in the European market of veterinary ultrasound scanners, and
subsequently expanded to tap into China's market and include scanners for use in
human medicine.
Significant progress was also reported within the air filtration segment, where
new customers from different verticals were signed and revenue increased at high
double-digit rates. However, the company's primary focus and potential growth
engine is its development, manufacturing, and marketing of derivative products
from its patented air filtration technologies.
eResearch lists the following strengths for Noveko:
* cost effective air filtration technology
* award winning product offering to capitalize on technology potential
* significant revenue from the sale of medical devices and air filtration
products
* distribution agreements to expand the revenue geography and product
applications
* real estate opportunity for air filtration could re[present the biggest
growth driver over the next few years
eResearch cautions that the company currently has limited financial resources
and a history of losses and negative cash flow from operations.
The shares trade at $0.23 and with approximately 92 million shares outstanding,
the company is capitalized at $21 million.
For more information about the company please visit their website at
www.noveko.com,or contact Chantal Vennat, Director, Investor Relations &
Corporate Communications, at 514-875-0606 or email cvennat(at)noveko.com.
For a copy of the report, contact eResearch at www.eresearch.ca. While on their
site, sign up for their free reports. eResearch does not receive a fee for the
preparation and publication of StockPotentials reports.
InvestmentPitch.com is a multimedia company that provides a combined solution
for creating and hosting financial video content, and distributing it across
multiple platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 24.02.2012 - 20:43 Uhr
Sprache: Deutsch
News-ID 118475
Anzahl Zeichen: 4430
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Kategorie:
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