CCM Research Issues Initial Report on BIOREM INC.
CCM Research analyst, Walt Spaude, CFA, has written an initiating report on Biorem Inc.
Toronto, Ontario CANADA, February 02, 2009 /FSC/ - Biorem Inc. (BRM - TSX Venture),
BIOREM(r)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.
In 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."
The 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."
Regarding 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 2007...."
A free copy of the report can be found at:
http://www.ccmopportunitybase.com/news/files/files13628/BRM_Initial%20Report%20February%201,%202008.pdf
CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year C$55,000.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalization.
Cronus Capital Markets(r) (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.
The TSX Venture Exchange has neither approved nor disapproved the contents of the press release.
SOURCE: Cronus Capital Markets
Peter Soni
Director of Research
T: 416-368-3700 ext 225
E: Peter@cronuscapitalmarkets.com
CRONUS CAPITAL MARKETS, INC. IS THE SOLE SOURCE OF THIS PRESS RELEASE
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