Nanotechnology

[shmoopy38]

MFIC 1.71 - Taglich Brothers Issues Updated Research Report for MFIC Corporation and Significantly Raises 12 Month Price Target
December 14, 2006 08:38 PM Eastern Time

NEWTON, Mass.--(BUSINESS WIRE)--MFIC Corporation (“MFIC” or the “Company”) (OTCBB:MFIC) announced today that Taglich Brothers on December 11, 2006 increased its twelve month price target for MFIC to $2.80 while retaining its rating of MFIC as a “Speculative Buy” and published an updated research report for the Company (current price $1.71).

MFIC’s Chairman and CEO, Irwin Gruverman, commented “We are pleased to see an increase in the target price for our shares. We note that Taglich has estimated that MFIC’s audit fees will increase by $400,000 in 2007 as a result of Sarbanes-Oxley compliance. We estimate that such increase is more than twice the amount of the total Sarbanes-Oxley related increase that we expect to experience in 2007 and that only a relatively small portion of that amount will be attributable to increased audit fees, while the balance will be allocated to Sarbanes-Oxley compliance consultants for implementation and review.”

MFIC, through its wholly-owned subsidiary, Microfluidics Corporation, produces and markets a broad line of proprietary fluid materials processing systems used for a variety of mixing, microemulsion, nanosuspension, encapsulation, and cell disruption applications. Microfluidics offers Microfluidizer® high shear fluid processor equipment capable of creating nanostructures, as well as new Microfluidizer® Mixer/Reactor Systems for continuous production of nanoparticles for applications in drug delivery, catalysts, superconductors, high temperature ceramics, coatings, and encapsulated active ingredients.

Taglich’s rating for MFIC is available at: http://www.taglichbrothers.com/equityuniverse/companies/mficcorp/mfic corp.asp and the complete updated Research Report can be reached either by a hyperlink on MFIC’s web site: www.mficcorp.com/ or at http://www.taglichbrothers.com/equityuniverse/companies/mficcorp/mfic corp-12112006.pdf

(Editor's Note: Due to the length of some of the URLs in this press release, it may be necessary to copy and paste them into your Internet browser’s URL address field.)

TAGLICH BROTHERS

Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. Taglich Brothers defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

All research issued by Taglich Brothers, Inc. is based on public information. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the Company and was not a manager or co-manager of any offering for the Company within the last three years. The Company, for the creation and dissemination of research reports for the first year, paid $19,500 (USD) on April 2004, and in August 2005 the Company paid, for the creation and dissemination of research reports for the second year, a monetary fee of $17,550. After the second year of publication, the Company will pay a monthly monetary fee of $1,462.50 (USD) to Taglich Brothers, Inc. for creation and dissemination of research reports. All further disclosure and caveats are contained in the Taglich Brothers full report.

MFIC CORPORATION

MFIC Corporation, through its Microfluidics subsidiary, provides patented and proprietary high performance Microfluidizer® materials processing equipment to the biotechnology, pharmaceutical, chemical, cosmetics/personal care, and food industries. The equipment enables the manufacture and formulation of numerous nanomaterials and nanoscale products. MFIC applies its 20 years of high pressure processing experience to produce the most uniform and smallest liquid and suspended solid structures available, and has provided manufacturing systems for more than 15 years.

The Company is a leader in advanced materials processing equipment for laboratory, pilot scale and manufacturing applications, offering innovative technology and comprehensive solutions for nanoparticles and other materials processing and production. More than 3,000 systems are in use and afford significant competitive and economic advantages to MFIC equipment customers. For more information please visit http://www.microfluidicscorp.com/

Contacts
MFIC Corporation
Irwin Gruverman, CEO & Chairman
Robert P. Bruno, President & COO, or
Jack M. Swig, Investor Relations
617-969-5452
Fax [phone]
E-mail: [e-mail]
or
Kawski Investor Relations, Inc.
James L. Kawski, 978-490-6827
[e-mail]