WAYTRONX ANNOUNCES RESEARCH COVERAGE BY WALLSTREET RESEARCH
Initial research report sets present value of $0.46 per share – 187.5% above the current market value
TUALATIN, Ore. – August 19, 2009 – Waytronx, Inc. (OTCBB: WYNX), a leading provider of openly licensable advanced systems cooling solutions and its wholly owned subsidiary, CUI, INC., a provider of electromechanical components, today announced that effective immediately it is being covered by Alan Stone & Company LLC and its affiliate WallStreet Research.
In its initial research report, after a thorough analysis of the company, WallStreet Research concluded that:
“Waytronx is at the cusp of a period of potential rapid revenue growth and profitability. Like many emerging companies it must deal with near-term liquidity issues some of which may be addressed through further debt restructuring . . . . We believe that the current share price reflects these issues and as management strengthens its balance sheet and as new product initiatives are commercialized, the stock has the potential to build on recent strength which brought the share price back to last fall’s levels. Assuming a price/earnings multiple of 20 on potential 2012 diluted earnings, and discounting this figure by 20% per annum would generate a present value of $0.46 per share, 187.5% above the current market value.”
To read the report in its entirety please go towww.waytronx.comand click on the Investor Relations tab;www.wallstreetresearch.organd click on the Waytronx, Inc. tab; or the report can be accessed directly by clicking on the following link:
About Waytronx, Inc.
Waytronx, Inc. has pioneered and is developing innovative thermal management solutions capable of revolutionizing the semiconductor, solar and electronic packaging industries, among others, utilizing its patented WayCool™/WayFast™ hybrid mesh architecture. In addition, through its acquisition of CUI in May 2008, Waytronx has developed the infrastructure, expertise, and platform necessary to acquire, develop, and commercialize new, innovative technologies. Waytronx changed its name from OnScreen Technologies in December 2007. For more information, please visitwww.waytronx.com.
About CUI, Inc.
CUI, Inc. is a solutions provider of electromechanical components and industrial controls for OEM manufacturing. Since its inception in 1989, CUI has been delivering quality products, extensive application solutions, and superior personal service. CUI’s solid customer commitment and honest corporate message are a hallmark in the industry. CUI is a wholly-owned subsidiary of Waytronx, Inc. For more information, please visitwww.cui.com.
About WallStreet Research
Serving as an information link between emerging growth public companies and investors in the financial marketplace, Alan Stone & Company LLC and its affiliate WallStreet Research, provide the investment community with independent analyst research coverage of selected quality smallcap stocks. WallStreet Research specializes in the microcap and smallcap arena, looking for emerging growth companies with strong management, unique proprietary technology, creative marketing, significant market potential, value, financial strength and outstanding long-term earnings growth. Since establishing online presence in 1998 and substantially expanding distribution capabilities, WallStreet Research reported on numerous emerging companies that offered remarkable gain potential, resulting in one of the best track records in the investment industry. For more information, please visitwww.wallstreetresearch.org.
This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in future operating results due to a number of economic, competitive, and other factors, including, among other things, our reliance on third-party manufacturers and suppliers, government agency budgetary and political constraints, new or increased competition, changes in market demand, and the performance or reliability of our products. These factors and others could cause operating results to vary significantly from those in prior periods, and those projected in forward-looking statements. Additional information with respect to these and other factors, which could materially affect the company and its operations, are included in certain forms the company has filed with the Securities and Exchange Commission.
Media Contact
Maggie Lefor
CUI
503-612-2300
WayCool, WayFast, Waytronx and OnScreen are trademarks of Waytronx, Inc. Other names and brands are the property of their respective owners.
News Source : WAYTRONX ANNOUNCES RESEARCH COVERAGE BY WALLSTREET RESEARCH
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