HOUSTON, May 26, 2004 (PRIMEZONE) -- Sequoia Interests Corporation, (Pink Sheets:SQNC) developer of a proprietary biodegradable chemical formulation to cost-effectively assist in the recovery of in-the-ground currently unrecoverable oil reserves, announced today The Company has recently been profiled by Waterville Investment Research. The profile discusses recent new developments and other activities at Sequoia Interests Corporation. Those interested in the profile may view it online at www.watervilleresearch.com.
About Waterville Investment Research
Waterville Investment Research provides fundamental Wall Street investment research for Small-Cap companies. Forbes Magazine (www.Forbes.com) recently acknowledged the Waterville Philosophy in a recent article on Independent Research. Waterville is looking for clients that have an expectation and appreciation for long-term consistency of reporting, results and news. Waterville was started in October of 2002 when the Dow was at 7500, NASDAQ was at 1200 and the Russell 2000 was at 340; thus, the bottom of the market. The belief was that after three down years, it was a good time to jump back into the Small-Cap market. Wall Street is typically very severe in its reaction to small companies in down markets, so the focus at Waterville is exclusively on Small-Cap stocks which Wall Street has ignored, abused and/or forgotten. When Partners Bill Hayde and Mike Sweeney started the firm, they took a long-term view of the market and set up a five year plan for Waterville and its client companies. In an era where there is great mistrust toward Corporate America, Wall Street and Small-Cap Stocks, Waterville is taking the long term view of the market. Good companies with good management and good products and services will ultimately outperform the market.
About Sequoia Interests Corporation
Sequoia Interests Corporation is established on a foundation of a promising chemical formulation, a nationally recognized, independent scientific research and development organization, and development of a strong management team. The firm is committed to the development of a series of qualified chemical product applications for which a significant market is understood to exist, providing both the underlying science of the application through a credible research arm and the production volumes necessary to establish a lucrative business venture.
What makes the chemical formulation valuable is the potential for new utility patents tied specifically to applications of the product in the petroleum industry for oil recovery, both secondary and tertiary, and remediation of oil and gas toxins including heavy metals.
Company Web Site Address: http://www.sqproducts.com
Safe Harbor
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued testing of the Company's formulations, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.