ORLANDO, Fla., Feb. 6, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc. today announced that it has dropped research coverage on Commodore Applied Technologies Inc. (OTCBB:CXIA).
RedChip Companies' initial rating of a "Speculative Buy" and a target price of $0.60 and recent rating of "Speculative Buy" and target price of $0.60 reported for 1Q 2007 are no longer active. For further information on RedChip Companies, our "rating" system and our dropping coverage policy, please visit www.redchip.com and review any and all pertinent policies and disclosures.
About Commodore Technologies, Inc.
Commodore Technologies, Inc., 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.
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, RedChip Radio(tm) and RedChip Visibility Research Program services. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
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RedChip Independent Research Disclosure
The analysts contributing to CXIA equity research reports do not hold any shares of CXIA. Additionally, the analysts contributing to these reports certify that the views expressed therein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the reports. These reports are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the reports should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed therein are subject to change. Commodore Applied Technologies, Inc., was a client of RedChip Companies and of RedChip Visibility, a division of RedChip Companies. CXIA paid RedChip Visibility $17,000 for the RedChip Visibility Research Program, which included equity research reports. RedChip Companies received a monthly fee of $4,000 and 220,000 shares of Rule 144 stock for the first six months of Visibility Research Program services and 120,000 shares of Rule 144 stock for the second six months of investor relations services.