KONLIN Letter Sets $4 - $5 Target On Nu Electric (NRGE)
Nu
Electric Corporation |
THE KONLIN
LETTER
Nu Electric Corporation (NRGE - OTCBB - 1 1/2) is an incubator company that identifies,
acquires, develops, and markets emerging technologies that conserve energy and protect and
enhance the world’s natural resources. NRGE recently acquired Clean Water
Technologies, Inc., which gives NRGE exclusive worldwide license to its proprietary
technology (developed at the University of South Florida by Dr. Dagmar Bonnin) for the
removal of arsenic from drinking water using zeolite minerals. Recent studies show arsenic
to be even more toxic than was previously thought, which prompted the EPA to classify
arsenic as a human carcinogen. The EPA is proposing (by January 2001) to lower the maximum
allowable concentration level of arsenic for drinking water from the present 50 parts per
billion (ppb) to 5 ppb or less. This will meet the new proposed standard intended to
protect consumers against the effects of long-term, chronic exposure to arsenic in
drinking water. The new standard will apply to all 54,000 community water systems, serving
approximately 254 million people.
NRGE has also recently
acquired Zorax, Inc., which owns the exclusive worldwide license for a technology that
extracts and identifies dangerous Cryptosporidium and Giardia, two waterborne parasites
that can cause serious gastrointestinal problems. NRGE, a fully reporting company with no
long-term debt, has yet to record revenues, but is emerging from the current development
stage and should become a profitable company in a multi-billion dollar market. Of the 4,712,855 shares outstanding, insiders hold 34%. The stock has pulled back on top
of support in the 1 1/4-1 1/2 area where we would Add/Buy for a 1st objective up into the
4-5 area.
NRGE has entered into a
licensing agreement with GSA Resources, Inc. to act as the exclusive sublicensee for the
manufacturing and marketing of NRGE’s superior state-of-the-art zeolite patented
technology for the removal of arsenic from drinking water for the next 20 years. Buy for
an ultimate target up into the 9-10 area.
Please take the time to visit the Nu Electric Web Site for complete reports and
additional details: Nu
Electric Web Site
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