ORLANDO, Fla., Aug. 2, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., announced that it has issued a quarterly update on Commodore Applied Technologies, Inc. (OTCBB:CXIA).
CXIA provides environmental services and patented remediation technologies for the treatment of hazardous waste. The Company primarily serves government sector clients, including the DOE and the DOD, as well as private sector domestic industrial customers. CXIA also markets its services abroad to customers in Latin America, South America, Eastern Europe and the Middle East. The Company's proprietary Solvated Electron Technology (SET)(tm) is the only patented, non-thermal, portable and scalable process currently on the market for treating many types of toxic contaminants.
Commenting on the quarterly results, Nancy Hull, Vice President and Director of Equity Research at RedChip, stated, "First-quarter revenue declined slightly on a sequential basis. However, gross margin, operating margin, net income, and EPS all showed marked sequential improvements. Even though CXIA's financial turnaround remains a work in progress, we remain positive on the stock based on the strength of the Company's product offering and the significant size of its addressable market, estimated at $10 billion annually. Demand for environmental services is rising in response to stricter regulations governing air and water pollution and solid waste management. We believe CXIA is well-positioned to capitalize on increasing demand as more clients recognize the need for alternative treatment technologies (such as SET)(tm) that are less polluting, less hazardous, do not create large volumes of residual waste, and are less costly than other non-incineration technologies."
To receive a complimentary copy of the RedChip Visibility report for CXIA, please visit: http://www.redchip.com/visibility/about.asp?page=requestCXIA_Q12007&from=pressCXIA80107
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
Disclosure
The analysts contributing to this report do not hold any shares of CXIA. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. CXIA paid RedChip Visibility $17,000 for the RedChip Visibility Research Program, which includes this report.