ATLANTA, Oct. 24 /PRNewswire/ -- Intellivest Securities Research, Inc., a Georgia registered investment advisor, has published a Report on Atlanta-based Numerex Corp. The Report may be obtained by contacting
The Report rates Numerex as a Speculative Buy because Numerex has developed its wireless data communications product line to a point where it could realize significant revenue growth.
Numerex offers a broad choice of machine to machine ("M2M") products and services. Numerex's data transmission and tracking services include home security and emergency response, vehicle tracking, meter reading, and medical patient monitoring. It has obtained the ISO 27001 certification, a standard for confidentiality and integrity of data. Numerex also operates a Digital Multimedia and Networking Group that sells networking and video conferencing products and services.
The Report concludes that the M2M industry is poised for significant future growth, possibly as much as 20% annually. Numerex's revenues have grown from $19 million in 2003 to $68 million in 2007. Numerex has been cash flow positive since 2004 and appears to have sufficient balance sheet strength to support its current business and fund future growth plans.
The Report states that Numerex faces a number of risks noting that prior to 2005 it had consistently reported losses. Numerex operates in a highly competitive environment and some of these competitors could develop products that render Numerex's products obsolete. Also, the current economic downturn could adversely affect sales. Also, Numerex's articles of incorporation include a provision that limits holdings by persons of their common stock to no more than 10%. This could deter a takeover which protects management but does not help investors in the opinion of the Report's author.
About the Report
Intellivest Securities Research, Inc.'s research is distributed by Intellivest Securities, Inc., (FINRA, SIPC, RIA, SIFMA), whose Office of Supervisory Jurisdiction is located at 1540 Chase Court, Riverdale, GA. 30296-2610. Please read the Research Report for certain disclaimers and disclosures. Daniel H. Kolber, author of the Report, holds these licenses: Series 24, 27, 53, 4, 87, 65; is a member of the Georgia, New York, Florida and Virginia Bars; and has the B.A. from Boston University, the J.D. from New York University School of Law and the Ll.M. from New York University School of Law.
Contact: Daniel H. Kolber, President
Intellivest Securities Research, Inc.
http://www.intellivestsecurities.com/
