Message #30 From:
NewsBot Date: December 19, 2006 08:21:00 PM
MFIC News MFIC Corporation Comments on Recent Trading Activity
NEWTON, Mass.--(BUSINESS WIRE)--MFIC management states that they are not aware of any materially adverse
event or set of circumstances or occurrence which would account for the
recent high trading volume and share price volatility experienced by
MFIC shares over the past few days and especially the sudden decline
during today’s trading.
Forward Looking Statement:
Management believes that this release contains forward-looking
statements that are subject to certain risks and uncertainties including
statements relating to the Company’s plan to
attain and/or increase operating profitability and/or to achieve net
profitability.Such statements are based on management’s
current expectations and are subject to a number of factors and
uncertainties that could cause actual results achieved by the Company to
differ materially from those described in the forward-looking statements.The Company cautions investors that there can be no assurance that
the actual results or business conditions will not differ materially
from those projected or suggested in such forward-looking statements as
a result of various factors, including but not limited to the following
risks and uncertainties: (i) whether the performance advantages of the
Company’s Microfluidizer®
materials processing equipment or that a commercial market for the
equipment will continue to develop, (ii) whether the performance
advantages of the Company’s MMR nanoparticle
production systems will be realized commercially, (iii) whether the
Company will be able to increase its market penetration and market
share, (iv) whether the timing of orders will significantly affect
revenues and resulting net income for particular quarters in a manner
that could cause increased volatility in the Company’s
stock price, and (v) whether the Company will have access to sufficient
working capital through continued and improving cash flow from sales and
ongoing borrowing availability, the latter being subject to the Company’s
ability to comply with the covenants and terms of its loan agreement
with its senior lender.
MFIC CORPORATION
MFIC Corporation, through its Microfluidics subsidiary, provides
patented and proprietary high performance Microfluidizer®
materials processing equipment to the biotechnology, pharmaceutical,
chemical, cosmetics/personal care, and food industries. The equipment
enables the manufacture and formulation of numerous nanomaterials and
nanoscale products. 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 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. For more information please visit http://www.microfluidicscorp.com/