ORLANDO, Fla., Oct. 27, 2008 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. announced that it has issued a second quarter 2008 research update on QPC Lasers, Inc. (OTCBB:QPCI), a company that designs and manufactures semiconductor lasers for the industrial, medical and defense markets.
Surya Gautam, MBA, RedChip Research Analyst, wrote in the report:
"We think that the Company has great laser products, which can potentially be applied in various sectors; however, the Company direly needs a strategic partnership in order to survive as QPCI's cash balance has deteriorated recently."
"After producing continuously increasing revenue for every quarter in 2007, the Company's performance has deteriorated in 2008. Quarterly revenue has declined for the past few quarters, with second quarter revenue reaching only $1.3 million. QPCI needs to bring in revenue of more than $8 million per quarter to become cash flow positive," Gautam continued.
"In addition to weaker performance in two consecutive quarters, the Company has not been successful in raising additional funds necessary to continue running its operations, putting QPCI in a more risky situation. We are issuing a "Sell" rating on QPCI due to the extreme level of investment risk relative to reward as the future of the Company's operations are questionable," he concluded.
To receive a complimentary copy of the RedChip Visibility 1Q 2008 Research Report for QPCI, please visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=143&from=10272008pr
For more information about QPCI, including the RedChip research reports, visit http://www.redchip.com/visibility/investor.asp?symbol=QPCI
About RedChip Companies, Inc.
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Disclosure
None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. QPC Lasers, Inc. paid RedChip Visibility, a division of RedChip Companies, Inc., $36,000 for RedChip Visibility Program services, which included the preparation of this equity research report. To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information.