BAY CITY, Mich. and TORONTO, Sept. 29, 2004 (PRIMEZONE) -- Small cap/special situation analyst Gil Oren of DBnewswire.com has initiated coverage of Sciax Corporation (Pink Sheets:SCXC).
In a research report published today, Mr. Oren mentions that both the fundamentals and technicals for Sciax stand to benefit from the recent restructuring, pending deals and possible acquisitions in the near future.
"Major customers continue to place orders with the company," noted Gil Oren. "At the moment there is a bit of a disconnect between Sciax the company, and Sciax the stock. I expect to see this issue resolved favorably in the coming months."
"The tactical optical viewing market place is still in its infancy and is already reaching $500M in sales," states Gil in the report, citing that Sciax stands to benefit from this growing market.
Other highlights of the report include:
-- An impromptu test of the Wolf Pack system
-- Summary of select clients and events
-- Technical analysis
The complete report can be downloaded from http://www.dbnewswire.com
The company cooperated in the preparation of this report, however all information provided to the Analyst is available on the company's web site, in SEC filings, or press releases, or is publicly available information. The company did not provide or suggest any share price projections to the Analyst. Any share price projection is the sole opinion of the Analyst.
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About Sciax Corp.
Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (Pink Sheets:SCXC).
Sciax is the manufacturer of Wolf Pack under license from Eomax. Wolf Pack is the Company's tactical remote viewing system used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the U.S. and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology Inc., and Sciax America Inc. which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and enforcement and defense imaging system earnings, and all other forward looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995.