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PQL Research: PQL Research Begins Coverage of Summus Works, Inc (OTC:SMMW.PK)


By M2
Last Update: 6/9/2006 8:03:31 AM Data provided by

NEW JERSEY, Jun 09, 2006 (M2 PRESSWIRE via COMTEX) -- PQL Research, a smallcap, microcap, and nanocap stock research group, today announced that it is beginning coverage of Summus Works, Inc (OTC:SMMW.PK).

Summus Works, Inc. is an outdoor sports multi-media holding company. Its subsidiaries include RSN broadcast affiliates Stowe TV-10, Adirondack TV-33, Winter Park TV-18, and Steamboat TV-18; as well as High Angle Media, a video production company; the outdoor adventure television series BCTV; N'EAST Magazine, Lisker of France USA, the exclusive distributor of Lisker technical sports wear; and Stockli Ski USA, the exclusive U.S. distributor of Stockli Skis. Summus Works' VVV policy - Visibility, Volume and Value - shapes the Company's aggressive expansion throughout its industries.

According to several press releases dated June 7th and 8th, respectively, the company plans to buy back up to 4 billion common shares and additionally has retired 600 million common shares to be returned to the company transfer agent and cancelled. Following these releases, the stock closed Thursday at $.0001, unchanged, on volume of 892,229,200. Over $89,000 changed hands across 177 trades.

PQL Research Editor Tim Fostik commented, "The market has seen some success with smaller companies who, in-earnest, make a concerted attempt to reduce their amount of common stock available to the public. Summus appears to have built a nice portfolio of media properties and if management can deliver on their goal to increase shareholder value through some of the measures they are exploring, shareholders should benefit. While all of these sub-penny' stocks carry a great degree of risk, Summus management does appear to be cognizant and proactive about restoring some order to their stock. Considering the price, it's certainly compelling to bet on this company turning things around."

For continued coverage of Summus Works, and for more great smallcap, microcap, and nanocap stocks, visit http://www.pqlresearch.com and subscribe to our free Yahoo! Group. PQL Research, its affiliates, and its members, may hold various positions in Summus Works acquired in the open market at prevailing prices. Mr Fostik specifically owns 2,000,000 shares of Summus Works at approximately $.0001/share. PQL Research and its editors have not been compensated by Summus Works in any fashion for this release or coverage on any PQL Research website or service.

CONTACT: Tim Fostik, PQL Research e-mail: [e-mail]

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [e-mail].


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