Message #16 From:
Stock News Bot Date: July 31, 2006 06:18:00 AM
MCTI News Khandaker Partners to Initiate Coverage of Micro Component Technology Inc.
ST. PAUL, Minn.--(BUSINESS WIRE)--July 31, 2006--Micro Component Tech Inc. announced today that Khandaker Partners, a US-based independent research and advisory firm specializing in small-cap and emerging growth companies, has agreed to initiate coverage of the Company. Khandaker Partner's first analytical report is being released today. Subsequent follow-up analytical reports are expected to be published for the next three quarters.
"We are excited to initiate coverage on Micro Component Technology and include the company in our Microcap Investment Portfolio," said Dr. Tan Khandaker, CEO of Khandaker Partners (New York)
"Engaging Khandaker Partners & Co. is a critical step in providing more ongoing financial coverage of MCT to the public and our present investors," said Roger E. Gower, Chairman and CEO of MCT.
The report is available on the Company's website, www.mct.com. Further, copies of the report can be obtained by contacting the Company's investor relation's manager at (651) 697-4000.
About Khandaker Partners & Co.
Khandaker Partners & Co. is an independent research and advisory firm specializing in Mid/Small cap emerging growth companies. Khandaker Partners & Co. identifies firms with significant near term and long term opportunities that demonstrate substantial growth and are positioned to outperform both their peers and the markets at large. Coverage commences with an in depth Research Report, followed by up to three quarterly updates that are issued following the release of subsequent quarterly earnings.
About Micro Component Technology, Inc.
MCT is a leading manufacturer of test handling and automation solutions satisfying the complete range of handling requirements of the global semiconductor industry. MCT has recently introduced several new products under its Smart Solutions(TM) line of automation products, including Tapestry(R), SmartMark(TM), SmartSort(TM), and SmartTrak(TM), which are designed to automate the back-end of the semiconductor manufacturing process. MCT believes it has the largest installed IC test handler base of any manufacturer, with over 11,000 units worldwide. MCT is headquartered in St. Paul, Minnesota, with its core manufacturing operation in Penang, Malaysia. MCT is traded on the OTC Bulletin Board under the symbol MCTI.
For more information on the Company, visit its web site at http://www.mct.com
Except for the historical information contained herein, the matters discussed in this news release are forward looking statements that involve risks and uncertainties, including the timely development and acceptance of new products, the impact of competitive products and pricing, the impact on cash and results of operations from a flattening or renewed downturn in the semiconductor capital equipment market, the need for additional financing, and the other factors detailed from time to time in the Company's SEC reports, including but not limited to the discussion in the Risk Factors and Management's Discussion & Analysis included in Form 10-K for the year ended December 31, 2005 and Form 10-Q for the quarter ended April 1, 2006.
Disclaimer
Khandaker Partners Valuation Research may only be available to certain account holders, based on the payment of a service fee. Khandaker Partners has received a fee from the company under valuation coverage for producing and dissemination of the research reports including introduction to certain sophisticated investors and highly specialized financial institution that generally represent professional investor group. This material is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy. Additionally, Khandaker Partners Valuation Research, and the general guidance are not personal recommendations for any particular investor or client and do not take into account the financial, investment or other objectives or needs of, and may not be suitable for any particular investor or client. Before buying, investors and clients should consider whether the investment is suitable. Investors and clients should consider Khandaker Partners Valuation Research as only a single factor in making their investment decision while taking into account the current market environment.
