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CCM Research Reissues Initial Report on BIOREM INC.
CCM Research Reissues Initial Report on BIOREM INC.
About this update from Biorem Inc.
[{"type":"text","content":"CCM Research Reissues Initial Report on BIOREM INC.\n\n\n\nCCM Research Reissues Initial Report on BIOREM INC.\n\nToronto, Ontario CANADA, February 20, 2009 /FSC/ - Biorem Inc. (BRM - TSX Venture), \n\nCCM Research analyst, Walt Spaude, CFA, has written an initiating report on Biorem Inc. The report was published on February 2, 2009 and a press release was disseminated with a link to a free copy of the report. However, this link has been rendered inactive so we are reissuing the report and press release to make this important information available to the investment community. Please find the link to a free copy of this report further down in this press release.\n\nBIOREM(r) (TSX-V: BRM) manufactures Biosorbens(r) biofilter media and is a leading supplier of biofilters and biotrickling for air pollution control in municipal and industrial applications, including BIOCUBE(r) modular units and Mytilus(r) biotrickling filters. With over 600 installed systems and over a decade of experience, the Company's products are the technology of choice for odor control at wastewater treatment plants across North America. Additional information on BIOREM(r) is also available at www.biorem.biz. \n\nIn the report the analyst states, \"Biorem Inc. is executing on a well thought out strategy resulting in significant top line growth, an increasing installed base, and in its most recent quarter, a net profit.\"\n\nThe analyst continues, \"Fiscal stimulus will substantially increase in the near term as governments attempt to increase aggregate demand and reduce unemployment in light of the ongoing global recession. Coupled with low interest rates and greater liquidity in the financial markets, infrastructure spending is expected to ramp up. This will be especially true in Biorem's large U.S. market, where the new incoming administration has pledged significant increased spending on infrastructure projects with an emphasis on \"green\" initiatives.\"\n\nRegarding growth, the analyst notes: \"Top line growth will result in a substantial increase in earnings and share price over time as fixed costs are allocated over a larger revenue base. Recent results suggest that a top line ramp up may be beginning. Revenue for the first nine months of 2008 was C$9.8 M compared to C$6.5 M during the same period in...