| mixpost1 on Tue, 21 Aug 2001 07:11:32 +0200 (CEST) |
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| [Nettime-bold] Stock Alert - Nu Electric |
ACTION ALERT: NU ELECTRIC CORPORATION Symbol: NRGE Listed: OTC Bulletin Board 2001 Price Range: $.38 - 1.89 Recent Price: $.66 Shares Outstanding: 4.7 Million Estimated Float: [email protected] Million In a rebuff to President Bush, the Republican-led House of Representatives recently voted 218-189 to require the Environmental Protection Agency (�EPA�) to implement a tough new standard against arsenic in tap water. A likely beneficiary is Nu Electric (�NRGE�), a small pure-play company marketing a patented process for arsenic removal. With the stock down about 80% from the August 2000 peak of $3, a new look could be profitable for investors. In 1999, the National Research Council found that arsenic in water can cause bladder, lung and skin cancer. The report estimated that the cancer mortality rate among individuals who drank water containing 50 parts per billion (the current standard) was 1 in 100 - a higher risk factor than the EPA has ever allowed for all of the other substances it regulates in drinking water. The proposed new level of 10 parts per billion could take effect when the EPA�s new budget kicks in sometime after October 1. NuElectric is an incubator company that is the product of two acquisitions. Clean Water Technologies (arsenic) was purchased in 1999. They are also developing Zorax, Inc. (acquired in September 2000), which has an exclusive license for a technology that extracts and identifies dangerous cryptosporidium and giardia, two waterborne parasites that can cause serious gastrointestinal problems. The current allowable parts per billion allowed by the EPA for these two organisms has already been set...at zero. This past Friday, NRGE announced that they were considering another technology merger. The acquisition target has an electronic system developed by a nationally known research facility. "Since the new technology is already patented, we could hit the ground running with it," stated President Laurie C. Scala. NRGE tends to be volatile, and the small floating supply has led to rapid price increases in the past when buying pressure comes in. They have been an SEC fully reporting company since January 2000, and financial information is available at the usual major web sites. We believe that Nu Electric presents an attractive buying opportunity before the U.S. Senate votes on the issue after the August recess. To SUBSCRIBE to the future announcements, Please click on this link and hit send: mailto:[email protected]?subject=INFO-NRGE DISCLAIMER: Network Media Services provides an e-mail delivery service on behalf of securities issuers and publishers that circulate information about a company or the company�s securities. A shareholder of the company being profiled has agreed to pay Network Media Services ten thousand dollars as payment to circulate this newsletter via electronic mail to e-mail addresses contained in Network Media Services database. To read entire disclaimer, please click here: http://discl12.tripod.com.ar/ ********************************************************** REMOVAL INSTRUCTIONS: Please cleck here to excluded from further communication mailto:[email protected]?subject=Exclude-NRGE ********************************************************** _______________________________________________ Nettime-bold mailing list [email protected] http://www.nettime.org/cgi-bin/mailman/listinfo/nettime-bold