SOURCE: NEAA Venture Research LLC

NEAA Venture Research LLC

August 26, 2011 14:00 ET

NEAA Venture Research Updates Micro Dynamic Portfolio™; Adds Flotek Industries (NYSE: FTK)

Flotek Industries (NYSE: FTK) Has Attractive Prospects

HOUSTON, TX--(Marketwire - Aug 26, 2011) - The Micro Dynamic Portfolio™ was updated recently and one of the additions was Flotek Industries (NYSE: FTK). Flotek Industries is a Houston, TX based oil field chemical, service and equipment vendor. According to Clay Mahaffey, CFA, Research Director of NEAA Venture Research LLC, "Flotek has a number of positive features. Fundamentally, it is a good business. Oil and gas prices should remain high for a number of years due to global supply and demand factors. With high prices there will be drilling which is where they make money. They have a strong position in two oil and gas basins that are probably the hottest growth areas in the US right now."

For a free copy of the report please click here: http://neaaventure.com/

The Micro Dynamic Portfolio™ is a portfolio of twenty growth companies selected from a universe of 230 with market capitalizations generally between $100 and $500 million. Most have significant liquidity and trade in excess of $2 million per day. The companies are selected using a hybrid model including technical, fundamental and valuation inputs. The model was developed and back tested over eighteen rolling six month periods. It is up 256% year to date.

Mahaffey said, "I revised the MDP portfolio on August 12, 2011 in line with the standard procedure. Fifteen of the twenty positions were sold and fifteen new companies added. Composition of the portfolio and individual company reports are available to Blue Members of The National Eagles and Angels Association. I am very excited about the new class and there are some remarkable companies in the new group. Five are listed on the NYSE, one on the AMEX and fourteen on the NASDAQ. Of course, they will have to perform going forward or they will be replaced!" The companies that were previously in the portfolio but have been removed at this time are:

ALLIANCE FIBER OPTIC PRODUCTS, INC. AFOP-O
AMTECH SYSTEMS, INC. ASYS-O
AXT, INC. AXTI-O
BEACON POWER CORPORATION BCON
CHINA HOUSING & LAND DEVELOPMENT, INC. CHLN-O
CHINA PRECISION STEEL, INC. CPSL
CLEVELAND BIOLABS, INC. CBLI-O
COST PLUS, INC. CPWM-O
CUMBERLAND PHARMACEUTICALS, INC. CPIX-O
GTX, INC. GTXI-O
MERCER INTERNATIONAL INC. MERC-O
NEW ENERGY SYSTEMS GROUP NEWN-A
SUPERGEN, INC. SUPG-O
TRI-TECH HOLDING INC. TRIT
ZAGG INCORPORATED ZAGG-O

About: NEAA Venture Research LLC www.neaaventure.com is an independent investment research company that grew out of the National Eagle and Angel Association www.eagleandangel.com. We strive to serve the NEAA members with innovative investment ideas supported by comprehensive research.

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Please read important disclosure in each report. The Analyst writing the report received no compensation and owns no shares of the subject company. The information and material in the report are being provided for informational purposes only, and are not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument or to adopt a particular investment strategy. Investors must make their own decisions regarding any securities or financial instruments mentioned in the report, and must not rely upon the report in evaluating the merits of investing in any instruments or pursuing investment strategies described in the report. Such information and the opinions expressed are subject to change without notice. In no event shall NEAA Venture Research LLC or its affiliates be liable for any use by any party of, for any decision made or action taken by any party in reliance upon, or for any inaccuracies or errors in, or omissions from, the information contained in the report.

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