SOURCE: CentreInvest, Inc.

November 29, 2005 08:00 ET

CentreInvest Inc. Initiates Coverage of ISCO International, Inc. (ISO) With a PERFORM Rating and a 12-Month Target Price of $0.63

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by CentreInvest, Inc.

NEW YORK, NY -- (MARKET WIRE) -- November 29, 2005 --ISCO International, Inc. (AMEX: ISO) is a leading high-tech Radio Frequency (RF) system company that is a full-service provider of radio link conditioning, interference management and optimization solutions.

Revenues are forecast to grow from an estimated $11.1 million in 2005 to an estimated $14.4 million in 2006. Net earnings are forecast at $370,000 for 2006.

ISCO International's competitive strengths are based on unique expertise, patented technologies and products, expanding product lines, strong business relationships, nearly untapped international opportunities and experienced management team.

CentreInvest Inc. is an equity research and brokerage firm located on Wall Street in New York City. CentreInvest Inc. is registered as a securities broker/dealer with the U.S. Securities and Exchange Commission (SEC) and is a member of the National Association of Securities Dealers (NASD).

Any recommendation contained in this report may not be suitable for all investors. This document is solely intended for informational purposes. Neither the information nor any opinion expressed herein constitutes an offer, or an invitation to make an offer, to buy or sell any securities or any options, futures or other derivates related to such securities. While the information and opinions contained herein are based on materials believed to be reliable, we make no representation as to the accuracy or completeness of such information and opinions. CentreInvest Group and its affiliates accept no liability in relation to the use of this information. CentreInvest and/or its officers and directors, stockholders, and employees, and/or members of their families may have a long/short position in the securities mentioned in this report. The Company paid a retainer of $6,000. Upon distribution of the initial report, the Company will pay to CentreInvest, Inc. $1,500 per month for the creation and dissemination of research reports. CentreInvest, Inc. is not a market maker and does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager for any offering with in the last three years. Applicable current disclosure can be obtained by calling the telephone number listed below or at www.cigresearch.com.

Contact Information

  • William Herlyn
    Vice President
    212-809-8707