HS3 TECHNOLOGIES (fka HSTT)

[Rager]

HS3 Technologies, Inc. Rated 'Speculative Buy' Target $1.97 by Investrend Affiliate Beacon Equity Research
Thursday January 19, 8:28 am ET


NEW YORK--(BUSINESS WIRE)--Jan. 19, 2006--(Investrend Research Syndicate) HS3 Technologies, Inc. (OTCBB: HSTT - News) has been rated "Speculative Buy" with a price target of $1.97 by Investrend Research affiliate Beacon Equity Research. The report is authored by Senior Research Analyst, Shailesh Dhuri.



The full report is available at http://www.beaconequityresearch.com and http://www.investrendresearch.com

In the report Mr. Dhuri writes, "The company's business focus is to provide customers with high-speed satellite Internet broadband access, web hosting services, advance biometric solutions for time and attendance and access control and surveillance facilities with digital IP cameras across the US. In partnership with WildBlue®, a global leader in satellite-based broadband communication, HS3 is well positioned to offer Ka-band high speed internet service across the US for the educational, energy and hospitality industries.

HS3 products, in conjunction with the Ka-band high speed satellite technology, provide customers with a complete one-stop solution to current and future high-speed Internet and surveillance needs at a lower cost. The Ka-band satellite technology has enabled the Company to supply and support high speed Internet access and security virtually anywhere in North America.

We have assumed a discount factor of 15% for this equity. This discount factor is constructed from the current 5.5% risk free rate and a 9.5% premium for equity risk, considering the risks in the high growth Internet market. In addition, we have assumed that the free cash flows of the Company will grow at 1.0% per annum post our forecast explicit period of FY10. Based on these assumptions, we get a long term target price of $1.97, compared to the current price of $0.58."

Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. All Beacon analysts are seasoned industry professionals and adhere to the CFA Institute's stringent ethics and standards of practice guidelines. Beacon Research does not have any investment banking relationships with any of the companies covered. All analysts are compensated prior to performing their investment research and are not compensated in any way based on the future performance of the equities they follow.

Both Beacon Equity Research and Investrend subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com and the research is investor-monitored by the Shareholders Research Alliance (http://www.shareholdersresearch.com). Beacon Research Partners has been compensated $19,500 by the company for twelve months of enrollment in its research program.

Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes. Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

Anyone interested in receiving alerts regarding HS3 Technologies, Inc. research should email [e-mail] with "HSTT" in the subject line.



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Contact:
Beacon Equity Research
Jeff Bishop, 469-252-3035
[e-mail]
www.beaconequityresearch.com
or
Investrend Research
R. Hempel, 718-896-5060
[e-mail]
www.investrendresearch.com
or
HS3 Technologies, Inc., Denver
Mark Lana, 303-455-2550
http://www.hs3tech.com



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Source: HS3 Technologies, Inc.