NEW YORK, Jan. 13, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate: Invisa, Inc. (OTCBB:INSA) is being rated "Speculative / 3" by Investrend Research Analyst J. Damien Kolb, in his update to the September 3, 2003 Benchmark report, noting that in "its ongoing efforts to evolve from a development-stage company to a profitable exchange-traded corporation, Invisa is engaged in managerial changes, devising and implementing a sales & marketing plan, pursuing licensing agreements with potential distributors, and raising additional capital to fund operations."
Kolb pointed out that the company has one patent and six patents pending, and anticipates a pipeline of new product launches into multiple market channels, such as aircraft; appliance safety; automated doors; cabinets; child & patient monitoring; commercial applications; elevators; industrial applications; law enforcement; machine safety; perimeters & fencing; powered tools safety; swimming pools; switching; and vehicle security.
The analyst said spending on electronic security products and services is growing at estimated 8.6 percent per year, but the company will continue to rely upon equity, debt, and when available, the receipt of licensing fees.
Invisa recorded sales of $701.5 thousand, including $167 thousand during FY'01, $257 thousand during FY'02, and $154 thousand during the none-month period ended September 30, 2003. Since inception, the Company has run its manufacturing operations at a gross profit margin of 38.2%.
Damien Kolb is a member of AIMR and the Boston Security Analysts Society. He is a Level 3 Candidate for the Chartered Financial Analyst (CFA) designation and a candidate for the American Society of Appraisers' Business Valuation certification.
The full report for the company, including important disclosures and disclaimers, is available at http://www.investrendresearch.com, at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes and investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.
Invisa, Inc. is enrolled in Investrend Research's unique and pioneering professional analyst program, which facilitates independent analysts to provide financial coverage for shareholders and investors in companies that otherwise would have little or no analyst following. The program is enrollment-based. Enrollment fees for Benchmark coverage are $1,195 per month, and the fees are being paid by the company and are current. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.
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Contacts:
Gary Geraci, IR, OTC Financial Network, A division of National Financial Communications Corp., 300 Chestnut St., Ste. 200, Needham, MA 02492, Email: garyg@otcfn.com, (781) 444-6100 ext. 629, Website: www.invisa.com
Investrend Research Div., Investrend Communications, Inc.: (718) 896-5060, R. Hempel, email: info@investrend.com. Web site: www.investrendresearch.com