Newbridge Announces Nanotechnology Index (NYSEArca: NNIX) Quarterly Rebalance and Inside Nanotechnology 2Q07 Research Report Rel

FORT LAUDERDALE, Fla., May 21  /PRNewswire/ -- Newbridge Securities Corporation today announced the quarterly rebalancing and reconstitution of its Newbridge Nanotechnology Index (NYSEArca: NNIX). This quarter saw one deletion among the constituents, reducing the total number of companies included to 23. Constituents subject to the 10% index weight cap were FEI Co. (NasdaqGM: FEIC), Headwaters (NYSE:HW), MTS Systems (NasdaqGS: MTSC), Amcol (NYSE:ACO), and Flamel Technologies (ADR-NasdaqGM: FLML). The NNIX ended the quarterly period at 802.67, down 10.8% from the last rebalance on February 23, 2007.

We have removed SkyePharma (ADR-NasdaqGM: SKYE) from the NNIX due to its decision to delist from Nasdaq. On May 4, the company said that it would delist its ADRs due to the expense and burden associated with maintaining compliance with SEC and Nasdaq rules.

Additionally, we recently released the second quarter 2007 issue of "Inside Nanotechnology". This 36-page report is the twelfth quarterly installment in the series, which covers general developments affecting the commercialization of nanotechnology and in-depth analysis of the 23 companies that constitute the Newbridge Nanotechnology Index (NNIX). In this issue, we recap the recent activity in the NNIX, cover an IP battle pitting a start-up against a large conglomerate, and highlight a report analyzing nanotech activity among various nations.

The Newbridge Nanotechnology Index (NNIX) has been constructed to track the stock market performance of companies that are currently active in nanotechnology. The Index is comprised of companies whose operations, based on our assessment of products, intellectual property, research initiatives and partnerships, include a significant focus on nanotechnology. Companies whose market capitalizations are very large relative to the scope of their nanotechnology operations are not included in order to preserve the pure play nature of the Index. Only companies with common stock or ADRs listed on a national market or exchange in the U.S. are eligible. The base date for the Index is June 30, 2004, at which time the base value for the Index was set at 1000. The NNIX is market cap weighted, rebalanced quarterly, and now includes 23 companies.

About Newbridge Securities Corporation

Newbridge is a full-service securities brokerage firm (Member: NASD & SIPC) and a subsidiary of Newbridge Financial, Inc., an integrated financial services company. The Newbridge Institutional Research department specializes in the analysis and coverage of companies that have a strategic focus on nanotechnology. More information is available at our websites http://www.newbridgereports.com/ and http://www.newbridgesecurities.com/.

For important disclosures please visit: http://www.newbridgesecurities.com/research_rpt_discl.html. Additional information is available upon request. 

DATASOURCE: Newbridge Securities Corporation



CONTACT:  David M. Keiter, Director of Research, [phone] x115,

for Newbridge Securities Corporation



Web site: http://www.newbridgereports.com/

http://www.newbridgesecurities.com/

http://www.newbridgesecurities.com/research_rpt_discl.html 

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