DALLAS, April 15, 2004 (PRIMEZONE) -- MicroTech Trader, a leading resource for news and information on small-cap technology companies, has identified the wireless communications and wireless commerce space as a long-term growth industry with a number of attractive investment opportunities. It is now closely monitoring Maximum Dynamics, Inc. (OTCBB:MXDY) as a company that aggressive investors may want to continue considering in this space.
According to a market research report issued recently by Forrester Research, the tracking of devices and assets utilizing RF tag technology is a new phenomenon that has the potential to generate a market size of US $2.7 trillion in terms of products and services. The same report estimates that over 14 billion devices will be connected to the Internet by 2010. Meanwhile, the need for affordable and reliable solutions in this explosive market is still being addressed.
MicroTech Trader believes that companies positioning themselves strongly as providers of cost effective solutions will capture much of that market.
An attractive option for investors seeking a long-term investment in this space, MXDY recently announced its first contract for its real-time tracking solutions, TagNet, and its first sales of a mobile point of sale device, M.POS. Utilizing a projects management approach, MXDY has gathered significant momentum in a short period of time by partnering, joint venturing and acquiring companies that can provide infrastructure, intellectual property or channel support in the mobile communications space.
Including its three subsidiaries, MXDY has offices in South Africa, Botswana, Denmark, Mexico, Hong Kong and Beijing and conducts business in nine countries around the world. The company has grown from revenues of $95,000 in 2002 to contracts worth nearly $5 million in 2004 to date. The company also is scheduled to present demonstrations of its TagNet technology over the next two months to the Department of Transportation and a major telecommunications company in Mexico, a national train company in Africa, and a trucking association in Europe. MXDY also is scheduled to receive bank certification for the M.POS device from one of the largest banks in South Africa, which will mean the device can be sold through the banks.
With a few exceptions, many bellwether stocks in this industry have experienced increases in their stock valuations over the past two months, suggesting a growing interest for investors in this space. MicroTech Trader also is monitoring these "stocks to watch" in the mobile communications and mobile commerce space: Alanco Technologies (Nasdaq:ALAN); Checkpoint Systems (NYSE:CKP); HEI, Inc. (Nasdaq:HEII); Hypercom Corp. (NYSE:HYC); Symbol Technologies (NYSE:SBL); Texas Instruments (NYSE:TXN); and Zebra Technologies (Nasdaq:ZBRA).
MXDY shares closed yesterday at $0.26, up more than 13 percent from the previous day's close.
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