DALLAS, Feb. 22, 2005 (PRIMEZONE) -- Beacon Equity Research announces that it has initiated coverage of MEMS USA (OTCBB:MEMS) with an OUTPERFORM rating. The report is authored by Senior Analyst Varsha Chitale, CFA.
In the report M. Chitale writes, "The Company's foray into ethanol marks their entry into the energy sector. Industry statistics indicate that the demand for petroleum products in the U.S. and Canada will continue to rise sharply. This continued rise in demand coupled with a global supply shortage, means the ethanol business has a very promising future potential...Most ethanol is produced through fermentation of a high-sugar-content biomass feedstock such as corn. Research suggests that conventional fermentation methods cost $1.00+ per gallon before various tax credits and subsidies. MEMS has developed a unique process which coverts biomass, such as wood by-products, into ethanol. Management expects that the Company's process will cost half or less than that of producers using conventional fermentation. With the spot market for ethanol at approximately $1.70 per gallon, the gross margin could be substantial."
To view this report in its entirety, please visit:
http://BeaconEquityResearch.com
Registration is free.
Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. All Beacon analysts are seasoned industry professionals and adhere to the CFA Institute's (CFAI) stringent ethics and standards of practice guidelines. All research reports are authored by a Certified Financial Analyst (CFA), one of the most prestigious professional designations awarded in the financial industry. Beacon Research does not have any investment banking relationships with any of the companies covered, thereby eliminating a common conflict of interest between the research analyst and the company being covered. All analysts are compensated prior to performing their investment research and are not compensated in any way based on the future performance of the equities they follow. Beacon Equity Research has not been compensated for the preparation and release of this report by MEMS or any third-party. All opinions and conclusions are solely those of the analyst who prepared the report. The authoring analyst utilizes a host of publicly available information, which Beacon can make no representations to regarding the accuracy of. No information contained in this report should be construed as either a solicitation to buy or sell any securities listed or mentioned. Beacon Equity Research is not a registered broker/dealer. Investors are encouraged to visit http://BeaconEquityResearch.com, or email us at info@BeaconEquityResearch.com for more information regarding our company policies.
MEMS USA, Inc. is a California-based professional engineering and technical services company. For more information visit the Company's web site at www.memsusa.com.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that could cause actual results to be materially different from those projected. Such risks may include, but are not necessarily limited to, changes in general economic conditions and other business considerations described more specifically in MEMS USA's Securities and Exchange Commission filings.