Business Services Industry
TheSUBWAY.com Announces Investment Opinion on ThermoElastic Technologies, EarthFirst Technologies, TTM Technologies, Inc., Jupiter Media Metrix Inc. and Allied Riser Communications Corp
Business Wire, April 30, 2001
Business Editors
NOTE TO EDITORS: The following is an investment opinion issued
by TheSUBWAY.com.
WESTON, Fla.--(BUSINESS WIRE)--April 30, 2001
TheSUBWAY.com is pleased to offer Investment Opinions on the Following companies: ThermoElastic Technologies Inc. (OTCBB:TMRO), EarthFirst Technologies, Inc. (OTCBB:EFTI), TTM Technologies, Inc. (Nasdaq:TTMI), Jupiter Media Metrix Inc. (Nasdaq:JMXI) and Allied Riser Communications Corp. (Nasdaq:ARCC)
ThermoElastic Technologies Inc. (OTCBB:TMRO) Previous Close: Down 20% to .151 on volume of 230,500 Shares: ACCUMULATE
ThermoElastic Technologies Inc. (OTCBB:TMRO) After the close on Wednesday announced the introduction of BITEM (Biocompatable Intraoral Thermo Elastic Material) to the North American Plastics Industry at the PLAST-EX 2001 Convention.
Since then, TMRO has been trading up, and at much higher volume. CRG is expecting more good things from TMRO and we feel that this is the beginning for a very successful move in the company's stock. CRG feels that TMRO will gain the attention it needs for the stock to be trading over the $2.00 mark in the short term.
The PLAST-EX 2001 Convention is held only once every three years and is attended by more then 500 exhibitors and over 12000 key decision-makers from the USA and Canadian Plastics and Plastics related industries.
TMRO also recently announced that it has now acquired the exclusive marketing, distribution, and sales rights to DISIFIN R OIL CLEAN 2000 for the United States and Canada, in addition to the DISIFIN R products acquired earlier this year from the Three G Group.
EarthFirst Tech., Inc. (OTCBB:EFTI) Previous Close: Up 43% to $0.285 on vol. 775,000 Shares: ATTRACTIVE
EarthFirst Tech, Inc. (OTCBB:EFTI) executed a Memorandum of Agreement with Tiarga Corporation to assemble and operate a Green Waste to Energy (GWE) System 40-ton per day solid waste facility. Under the Agreement, Tiarga will pay a $100,000 fee upon execution of the final contract no later than May 7, 2001. Tiarga shall provide for all financing, land, buildings, permits and a continuous supply of shredded tires and conventional solid wastes. EarthFirst, through its subsidiary EarthFirst Waste to Energy, will provide the GWE System.
'The versatility of the EarthFirst approach is demonstrated to convert solid wastes into pipeline grade number 2 diesel which can power our cars, trucks and boats. The combustible gas we collect in disposing of our solid wastes can deliver affordable electricity throughout our island nation. Our feed stock will be primarily shredded rubber tires and certain conventional solid wastes. We look forward to the day when all of our island nation's solid waste can be efficiently converted to provide for a majority of our energy needs. We believe the EarthFirst technology developed by Mr. John Rivera is a major step in that direction,' concluded Mr. Vilanova.
EarthFirst is a diversified technology development company. The current concentration of development activity is a family of technologies that produce energy and electricity from solid and liquid wastes. Other business segments include demolition, ferrous and non-ferrous metal recycling and government contracting.
'We are pleased to work with Celerity on yet another school deployment,' added Edward Kidston, President of Kidston Communications. 'Our goal is still to install a Celerity Digital Education System in all of Ohio's 4500 schools. Fanning and Howey, the specifying architectural firm, was diligent in ensuring that the Celerity Digital Education System offered the best value for Avon Lake; they see the advantages of digital systems over older analog or hybrid technologies, especially on the modern high-speed networks being installed in Ohio schools today. It is a big advantage to educators to have immediate access to a whole new array of information, and in a format that today's students are comfortable with.'
TTM Technologies, Inc. (Nasdaq:TTMI) Previous Close: Up 6% to $6.35 on vol. 1,139,400 Shares: ATTRACTIVE
TTM Technologies, Inc. (Nasdaq:TTMI), a leading manufacturer of time-critical, technologically advanced printed circuit boards, reported results for the quarter ended April 2, 2001. The company posted solid revenue growth and profitability in the first quarter, despite challenging industry conditions. Net sales increased 9 percent to $46.0 million from $42.1 million for the first quarter of 2000. This increase resulted entirely from organic growth. Gross profit increased 49 percent to $18.3 million, as gross profit margins expanded to 39.8 percent in the first quarter of 2001, compared to 29.2 percent for the same period in 2000.
For the first quarter of 2001, quick-turn business as a percentage of total revenues increased to approximately 38 percent, compared to approximately 27 percent for the first quarter of 2000. In addition, the percentage of revenues generated by the networking and high-end computing end markets expanded from 51 percent in the first quarter of 2000 to 60 percent in the first quarter of 2001.
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