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MEK Metretek Technology

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Share Name Share Symbol Market Type
Metretek Technology AMEX:MEK AMEX Ordinary Share
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Standard & Poor's Initiates Factual Stock Report Coverage on Metretek Technologies, Inc.Click here for Standard & Poor's Factua

10/08/2006 4:57pm

Business Wire


Metretek (AMEX:MEK)
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Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Metretek Technologies, Inc. Metretek Technologies, Inc. (AMEX: MEK) is a diversified provider of energy technology products, services, and data management systems to industrial and commercial users and suppliers of natural gas and electricity. The company conducts its operations through three subsidiaries: PowerSecure, Inc., Southern Flow Companies, Inc., and Metretek Florida. The company's business strategy is to position itself as an integrated provider of energy technology products, services and systems that enhance the availability of management information and services primarily to suppliers and users of natural gas and electricity. While MEK's products, services and systems have historically been aimed primarily at the natural gas industry, management said it is focusing more of its current and future products, services and systems on other segments of the energy industry, especially the electricity industry, as well as other industries that require energy data management services. According to the company, the energy industry continues to experience fundamental regulatory and structural changes and significant new trends. MEK's strategy is to acquire, develop, operate and expand businesses that are positioned to take advantage of these changes and trends. This report will also be accessible on an ongoing basis to a wide audience of the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. About Standard & Poor's Factual Stock Reports This S&P service provides factual research coverage enabling companies to reach a wide investor audience of Buy and Sell-side investors, helping them understand the fundamentals and business prospects. Many of these companies are not widely covered by Wall Street analysts. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for companies in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume and other data, the reports include recent developments, an income statement analysis and financial review, key operating information, performance charts, business summary, fundamental data, industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks. Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account. Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research, data and valuations. With approximately 6,300 employees located in 20 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.

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