ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

NBSC New Brunswick Scient (MM)

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
New Brunswick Scient (MM) NASDAQ:NBSC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

New Brunswick Scientific Retains Clear Perspective Group to Expand and Enhance Investor Awareness

10/06/2004 1:05pm

PR Newswire (US)


New Brunswick Scientific (NASDAQ:NBSC)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more New Brunswick Scientific Charts.
New Brunswick Scientific Retains Clear Perspective Group to Expand and Enhance Investor Awareness EDISON, N.J., June 10 /PRNewswire-FirstCall/ -- New Brunswick Scientific Co., Inc. (NASDAQ:NBSC) ("NBS") today announced that it has retained Clear Perspective Group, LLC ("CPG") as its investor relations counsel to broaden the company's reach and improve visibility within the investment community. Commenting on the move, New Brunswick Scientific Chairman David Freedman stated: "After a capital spending slowdown in 2003, the life science industry has experienced a broad-based rebound in recent months. Improving market conditions appear to be sustainable, boding well for the balance of this year and beyond. Consequently, we feel it is appropriate to expand our investor relations initiatives and increase our visibility in the financial community." Matthew Dennis, CFA, senior managing director of Clear Perspective Group, said: "New Brunswick Scientific fits extremely well with CPG's capabilities. We feel the company's investment merits are very impressive yet lack notoriety among investors. NBS' proprietary technology and products are world class and considered the vanguard in an improving industry. Not many investors outside of the biotech arena are aware that NBS' proprietary CelliGen Plus(R) packed- bed perfusion bioreactor was chosen for the production of the world's first commercially licensed gene therapy drug. "While the company's brands are highly respected and sought-after in the life science community, the branding of the company's stock can be noticeably improved," he added. "CPG will expand the company's investor following by making it easier for investors to understand and follow company developments, concisely articulating NBS' investment merits, and introducing management to targeted centers of influence in the capital markets, including institutional portfolio managers, buy- and sell-side equity analysts, brokers, and financial media. "NBS has been producing state-of-the-art equipment for more than 50 years. These products are critical to success in the biotechnology, pharmaceutical, and research industries. With the company's recent complementary acquisition of RS Biotech, it offers the essential elements found in a comprehensive industry laboratory: biological shakers, ultra-low temperature freezers, and now carbon dioxide incubators." Dennis continued: "From a fundamental investment standpoint, we think NBS is very attractive. Sales increased more than 26 percent in this year's first quarter versus the prior-year period, gross margins have been above 40 percent for the two most recent quarters, and the balance sheet is very sound. The debt to equity ratio is less than 30 percent and the company creates substantial free cash flow. Cash and equivalents have increased in each of the past four years and the company currently has more than one dollar per share in cash." Freedman concluded: "We selected CPG due to its strong relationship focus, contacts in the financial community, and its experienced personnel. The organization has constructed unique technology platforms, which we anticipate will not only increase the awareness of our stock, but also enable us to redirect in-house resources to other areas of the business while reducing certain recurring costs associated with being a public company." To be added to the company's e-mail distribution list, please click on the link below: http://www.b2i.us/frame.asp?BzID=941&to=ea&Nav=1&S=0&L=1 About New Brunswick Scientific New Brunswick Scientific Co., Inc. (NASDAQ:NBSC) (NBS) is a leading global provider of a comprehensive line of research equipment and scientific instrumentation for use in the life science industry. The company's products are used in the creation, maintenance, and control of physical and biochemical environments required for the growth, detection, and storage of microorganisms for medical, biological, and chemical applications, as well as environmental research and commercial product development. NBS is a forerunner in the research and development of pioneering equipment to meet the challenges of new areas of advancement in the life sciences. Established in 1946, New Brunswick Scientific is headquartered in Edison, New Jersey, with sales and distribution facilities strategically located in the United States, Europe, and Asia. For more information, please visit: http://www.nbsc.com/ . About Clear Perspective Group A full-service investor relations consulting firm, Clear Perspective Group, LLC (CPG)(SM), benefits clients via its dedication to cultivating long- lasting relationships while setting industry standards for effective service and cost minimization. More than six decades of collective experience enable CPG's managing directors to identify and clearly communicate a company's investment merits so that the market accurately realizes the intrinsic value of its securities. In addition to enhancing a company's image within the financial community as it increases exposure to investors, CPG's vast assemblage of resources and state-of-the-art technology alleviate many of the time burdens and recurrent costs associated with public ownership. For more information, please visit: http://www.cpg-llc.com/ . This press release includes statements that may constitute forward-looking statements made pursuant to the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Further information concerning risk factors is described in the Company's Securities and Exchange Commission filings. DATASOURCE: New Brunswick Scientific Co., Inc. CONTACT: Investors, Samuel Eichenbaum, Vice President, Finance and Treasurer, New Brunswick Scientific Co., Inc., +1-732-650-2500, ; or Matthew J. Dennis, CFA, NBS Investor Relations, Clear Perspective Group, LLC, +1-440-353-0552, Web site: http://www.nbsc.com/ http://www.cpg-llc.com/

Copyright

1 Year New Brunswick Scientific Chart

1 Year New Brunswick Scientific Chart

1 Month New Brunswick Scientific Chart

1 Month New Brunswick Scientific Chart

Your Recent History

Delayed Upgrade Clock