NEW YORK, Dec. 16, 2003 (PRIMEZONE) -- AdZone Research, Inc. (OTCBB:ADZR), a pioneering Internet surveillance technology company, announced today that the company has been featured in a newly published outlook for 2004 by Barrow Street Research, Inc. The outlook is available in its entirety on the research firm's web site at www.barrowstreet.com.
In the firm's overview of the year ahead, as well as its outlook for the economy, it notes that "Our progress report on AdZone Research was released in September, and the stock was at $0.10 and it's now in the $0.22 area, for a gain of over 100%.
"Since we updated our coverage of ADZR in September of 2003," the report continues, "the company has been successful in obtaining funding of $350,000 via a private placement of securities. We continue to believe that the technologies offered by AdZone can play an important role in helping authorities to detect terrorism activity on the Internet. In particular, we believe that many larger companies in the defense establishment are actively seeking partners to help the development of their anti-terrorism programs and products...for those who can handle the risk, the payoff with ADZR could be huge."
Barrow Street Research, Inc. is one of the nation's first online independent research firms, and will celebrate its 10th anniversary in 2004. It was created in an attempt to fill a niche in the investment research market, specifically recognizing that many small and micro cap companies with promising futures nevertheless found it virtually impossible to obtain coverage from most Wall Street research departments.
AdZone has developed proprietary technology to track activity on websites worldwide. It currently has strategic working agreements with Raytheon Company, The Boeing Company and Sarnoff Corporation. These agreements are focused on further developing the technology that discovers and tracks clandestine Internet communications by terrorists and other outlaw groups. By this sharing of expertise, it is expected that advanced tools will be developed for uncovering and decoding hidden messages and other content embedded in the pixels of innocent-looking Web pages.
AdZone Research is headquartered in Calverton, N.Y., in a secured facility that formerly housed major defense contractor Northrop Grumman Corporation. The facility was previously used for top-secret defense research and development and was part of the United States Naval Defense Technology Center.
Through the monitoring of more than 500,000 Web sites worldwide, and scalability up to more than 30 million sites, AdZone provides tracking and surveillance of targeted information on the Internet, with an expanded focus on global Internet analysis of security-related data transmissions. For additional information, please visit the company's Web site at www.adzoneresearch.com.
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.