NEW YORK, May 11, 2004 (PRIMEZONE) -- (Investrend Research Syndicate) Investrend Research affiliate Fundamental Research Corp. has rated the shares of The Jenex Corporation (TSX Venture Exchange:JEN) (Frankfurt/Berlin: JNX) a "Buy - 5 (Highly Speculative)" and placed a fair value of C$1.00 (current price: $0.28). The following is a summary of the full 17-Page report which is available free at www.fundamentalresearchcorp.com.
The company owns the patents to thermal therapy technology devices that use heat to treat certain ailments. The most recent product resulting from this technology, which is in the final stages of development, is the InterceptorCS(tm). The hand-held device will use heat to prevent the symptoms of Herpes Labialis more commonly referred to as cold sores.
The company has approval in Canada to make the claim that the device prevents cold sores, and is expected to begin commercialization in Canada sometime in November 2004. The company is also seeking approval in Europe, the USA, and Australia. The report estimates that 40-80% of the population has the Herpes Simplex (HSV-1) Virus, and of these, 20-40% experience recurring outbreaks. Using these figures and the device's estimated selling price of C$79.99, it was estimated that the potential market is C$4.9 billion in the U.S., Canada, and EU.
The report cautions that the company is in very early stages of commercialization, and certain milestones must be achieved in order to support the rating and fair value. Specifically, the company must: successfully gain regulatory approval in the USA and EU; secure a manufacturer (expected in 60 days); secure distribution agreements in the markets it intends to serve; and successfully market the product. Other risks include non-acceptance by consumers. Investors are advised to read the complete report including important disclosures, and further risk factors.
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The fee for this coverage is $25,000, and the fee was paid by the company.
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