~KNOS Guess no one saw this or is holding anymore.I am! .....
Press Release Source: Kronos Advanced Technologies
Kronos Advanced Technologies Speculative Buy Rating Maintained in Update Report by Dutton & Associates
Wednesday March 17, 12:00 pm ET
EL DORADO HILLS, CA--(MARKET WIRE)--Mar 17, 2004 -- JM Dutton & Associates updates coverage of Kronos Advanced Technologies (OTC BB:KNOS.OB - News) maintaining a Speculative Buy rating with a $.60 price target. The 16-page report by JM Dutton senior analyst Steve Handley is available at www.jmdutton.com as well as from Bloomberg, First Call, Zacks, Multex, and other leading financial portals.
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We initiated research coverage of Kronos on November 6, 2003, and although we await the introduction of the Company's first air movement and purification product, we believe that steady progress has been made toward this goal. Kronos continues its work with partners and internally to commercialize this technology for standalone as well as embedded products aimed at consumer, industrial and military markets. The Kronos technology combines high voltage electronics and electrodes into a simple but efficient electrical device that, with no moving fan blades, electric motors or filters, can silently move and clean air. Because the shape and size of this device can be varied, it can be adapted to a variety of unique applications. Although we expect revenues to increase significantly in the next few months, the actual dollar amount will not be large. Of greater significance is the fact that fiscal 2004 promises to be an important transition period, as Kronos begins to receive royalty income and, a few months later, initiates sales of its own products.
About Dutton & Associates
Dutton & Associates is one of the largest independent investment research firms in the U.S. Its 24 senior analysts are primarily CFAs, have expertise in many industries. Dutton & Associates provides continuing analyst coverage of over 65 enrolled companies, and its research, estimates, and ratings are carried in all the major databases serving institutions and online investors.
The cost of enrollment in our one-year continuing research program is US $28,000 prepaid before commencement of our research activities. We received $28,000 from the Company for coverage for the year, and do not accept payment of our fees in company stock. Our principals and analysts are prohibited from owning or trading in securities of covered companies. The views expressed in this research report accurately reflect the analyst's personal views about the subject securities or issuer. Neither the analyst's compensation nor the compensation received by us is in any way related to the specific ratings or views contained in this research report or note. Please read full disclosures and analyst background at www.jmdutton.com before investing.
Contact:
Contacts:
J.M. Dutton & Associates
John M. Dutton
916-941-4985
Kronos
Dan Dwight
617-364-5087
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Source: Kronos Advanced Technologies
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