Message #24 From:
NewsBot Date: September 7, 2006 01:06:00 PM
MFIC News Taglich Brothers Upgrades MFIC Corporation's Rating and Issues Updated Research Report
NEWTON, Mass.--(BUSINESS WIRE)--Sept. 7, 2006--MFIC Corporation (OTCBB:MFIC)("MFIC" or the "Company") announced today that Taglich Brothers on September 5, 2006 upgraded its rating of MFIC to a "Speculative Buy" with a $2.00 twelve month price target and published an updated research report for the Company (current price $1.40).
MFIC, through its wholly-owned subsidiary, Microfluidics Corporation, produces and markets a broad line of proprietary fluid materials processing systems used for a variety of mixing, microemulsion, nanosuspension, encapsulation, and cell disruption applications. Microfluidics offers Microfluidizer(R) high shear fluid processor equipment capable of creating nanostructures, as well as new Multiple Stream Mixer/Reactor Systems for continuous production of nanoparticles for applications in drug delivery, catalysts, superconductors, high temperature ceramics, coatings, and encapsulated active ingredients.
Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. Taglich Brothers defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the Company and was not a manager or co-manager of any offering for the Company within the last three years. The Company, for the creation and dissemination of research reports for the first year, paid $19,500 (USD) on April 2004, and in August 2005 the Company paid, for the creation and dissemination of research reports for the second year, a monetary fee of $17,550. After the second year of publication, the Company will pay a monthly monetary fee of $1,462.50 (USD) to Taglich Brothers, Inc. for creation and dissemination of research reports. All further disclosure and caveats are contained in the Taglich Brothers full report.
MFIC Corporation, through its Microfluidics Division, provides patented and proprietary high performance Microfluidizer(R) materials processing equipment to the biotechnology, pharmaceutical, chemical, cosmetics/personal care, and food industries. MFIC applies its 20 years of high pressure processing experience to produce the most uniform and smallest liquid and suspended solid structures available, and has provided manufacturing systems for nanoparticle products for more than 15 years.
The Company is a leader in advanced materials processing equipment for laboratory, pilot scale and manufacturing applications, offering innovative technology and comprehensive solutions for nanoparticles and other materials processing and production. More than 3,000 systems are in use and afford significant competitive and economic advantages to MFIC equipment customers.
