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Tuesday July 1, 11:13 am ET
ORLANDO, Fla., July 1, 2008 (PRIME NEWSWIRE) -- RedChip
Visibility, a division of RedChip Companies, Inc. today
announced it has issued a first quarter 2008 research update
on Carbon Sciences, Inc. (Other OTC: CABN.OB), a company engaged
in developing its GreenCarbon(tm) Technology which converts
harmful carbon dioxide into useful carbon products.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
``CABN has recently announced the first application of its breakthrough technology whereby it plans to convert CO2 into Precipitated Calcium Carbonate (PCC), a valuable chemical compound that can be used in the manufacturing of paper, paint, pharmaceutical products, rubber, adhesives, and plastics. GreenCarbon PCC is cost effective, as it uses inexpensive raw material and can be used as a standalone or satellite plant to existing PCC operations of target customers.
``We believe CABN stock will gain as the Company's new business strategy focusing on the PCC market will enable it to report revenues earlier than our previous estimates. Growing demand for PCC products and the demand-supply gap are the positive catalysts for CABN stock,'' Bhargava continued.
``CABN's plan to produce PCC to position itself in the CO2 mitigation market, which is estimated to reach $400 billion by 2030, confirms our positive viewpoint of CABN's technology. Even the political scenario that has undergone a radical change supporting CO2 mitigation regulations favors CABN. We reiterate our 'Speculative Buy' rating on CABN and are revising our 12-month target price to $0.85,'' she concluded.
To receive a complimentary copy of the RedChip Visibility 1Q08 Research Report for CABN, visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=120&from=07012008pr
About RedChip Companies
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Real Radio(tm). To learn more about RedChip's products and services visit: http://www.redchip.com/visibility/productsandservices.asp.
The RedChip Companies, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
``Discovering Tomorrow's Blue Chips Today''(tm)
Disclosure
None of the profiles issued by RedChip Companies constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Carbon Sciences paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for the RedChip Visibility Program, which included the preparation of this equity research report. RedChip Companies, Inc. employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. To the fullest extent permissible under applicable law, RedChip Companies, Inc. will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
``CABN has recently announced the first application of its breakthrough technology whereby it plans to convert CO2 into Precipitated Calcium Carbonate (PCC), a valuable chemical compound that can be used in the manufacturing of paper, paint, pharmaceutical products, rubber, adhesives, and plastics. GreenCarbon PCC is cost effective, as it uses inexpensive raw material and can be used as a standalone or satellite plant to existing PCC operations of target customers.
``We believe CABN stock will gain as the Company's new business strategy focusing on the PCC market will enable it to report revenues earlier than our previous estimates. Growing demand for PCC products and the demand-supply gap are the positive catalysts for CABN stock,'' Bhargava continued.
``CABN's plan to produce PCC to position itself in the CO2 mitigation market, which is estimated to reach $400 billion by 2030, confirms our positive viewpoint of CABN's technology. Even the political scenario that has undergone a radical change supporting CO2 mitigation regulations favors CABN. We reiterate our 'Speculative Buy' rating on CABN and are revising our 12-month target price to $0.85,'' she concluded.
To receive a complimentary copy of the RedChip Visibility 1Q08 Research Report for CABN, visit: http://www.redchip.com/visibility/about.asp?page=vreport&reportid=120&from=07012008pr
About RedChip Companies
RedChip Companies is an international, small-cap research and financial public relations firm with offices in Maitland, Florida; Bangalore, India; and Beijing, with affiliates in New York and San Diego. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Internet TV(tm), and RedChip Real Radio(tm). To learn more about RedChip's products and services visit: http://www.redchip.com/visibility/productsandservices.asp.
The RedChip Companies, Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
``Discovering Tomorrow's Blue Chips Today''(tm)
Disclosure
None of the profiles issued by RedChip Companies constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Carbon Sciences paid RedChip Visibility, a division of RedChip Companies, Inc., $30,000 for the RedChip Visibility Program, which included the preparation of this equity research report. RedChip Companies, Inc. employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. To the fullest extent permissible under applicable law, RedChip Companies, Inc. will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information.
For Further Information, Contact:
Aurelius Consulting Group, Inc., Century Bank Building,
500 Winderley Place, Suite 100, Orlando, FL 32751, (407) 644-4256,
Fax: (407) 644-0758, info@aurcg.com
Aurelius Consulting Group, Inc., Century Bank Building,
500 Winderley Place, Suite 100, Orlando, FL 32751, (407) 644-4256,
Fax: (407) 644-0758, info@aurcg.com
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Disclaimer: Carbon Sciences, Inc. is a client of RedChip Visibility, a division of RedChip Companies. CABN paid RedChip Visibility $30,000 for the RedChip Visibility Research Program. RedChip Visibility has been contracted by CABN to increase investor awareness of CABN to the small-cap equity community. These services may include investor conferences and digital and print distribution of CABN investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that RedChip was hired by the Company and received a fee of $45,000 in cash and 500,000 shares of Rule 144 stock for six months of traditional investor relations services.