Investor Relations Firm Hawk Associates Reports Clients' Strong Gains in August
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IR Firm Summarizes Clients' Progress KEY LARGO, Fla.--(Business Wire)-- Investor relations clients of Hawk Associates, a leading full-service international investor relations and financial media relations firm serving the small and microcap market, announced notable quarterly performances in August. -0- *T WidePoint (WYY) Revenue $9.3M Q2'08 vs. $3.3M Q2'07 +167% TIGroup (TISG) Revenue $8.4M Q2'08 vs. $0.1M Q2'07 +833% Asia Cork (AKRK) Revenue $6.4M Q2'08 vs. $3.6M Q2'07 +79% Diatect (DTCT) Revenue $633,000 Q2'08 vs. $418,000 Q2'07 +51% Lattice (LTTC) EPS $0.03 Q2'08 vs. $0.0 Q2'07 *T Hawk Associates CEO Frank Hawkins and President Julie Marshall offered this commentary: "WidePoint, the leading provider of certificate-based security solutions and mobile telecom expense management systems to the federal government, recorded six month revenues of $16.4M vs. $6.1M as the company demonstrated it is gaining strong traction in an industry widely regarded as recession proof. "TIGroup, which funds, operates and manages rural and non-urban healthcare facilities, moved its annual revenue run rate up to at least $38 million with an $8.4 million quarter that compared with $0.9 million a year earlier. The company's aggressive acquisition program, which has added $29 million in assets with only $4 million invested, represents rapidly growing shareholder value. This is the very early stage of a company that we believe, as their investor relations firm, is creating a profitable new business model in the healthcare field. "Asia Cork, an extremely appealing 'green' China play, is by traditional Wall Street standards, significantly undervalued. Revenues rose 79% in Q2, but more importantly the company reported EPS of $0.02 for the quarter and $0.03 for the first six months. Applying even a conservative multiple suggests there is unrealized value in the stock. The investor relations prospects for continued strong growth appear to be outstanding. "Three of Hawk's investor relations clients, Exactech (EXAC), TIGroup (TISG) and NeoGenomics (NGNM), made presentations at the well-attended Noble Financial Conference (http://www.nobleresearch.com) in Las Vegas. Prior to the conference in July, EXAC reported an exceptionally strong quarter with revenue up 38% to $43.7M and net income of $3.0M vs. $1.4M while NGNM reported in late July a 108% gain in revenue for Q2 to $4.9M." Webcasts of their presentations may be viewed at www.hawkassociates.com in the Additional Information section for each client. In August, Hawk appointed Wall Street veteran Brian Wong as Director of Research of AMI Stock Reports, Hawk's wholly-owned issuer-paid analyst report service, which reinstated coverage of NeoGenomics with a Strong Buy and moved Jade Art Group (JADA) to Neutral. See http://www.amistockreports.com/ For a full a summary review of announcements from Hawk's investor relations clients during August go to http://hawkassociates.com/ir/commentary/ About Hawk Associates Since 1995, Hawk Associates has helped microcap and small companies build valuation, support and credibility on Wall Street through customized, sustainable investor relations strategies. Hawk specializes in developing communications strategies that stand out in a universe of more than 5,000 small and microcap companies on Wall Street. For more information, contact Frank Hawkins or Julie Marshall at 305-451-1888 or visit http://www.hawkassociates.com. The companies mentioned in this release are retained clients of Hawk Associates. Hawk Associates is not a broker dealer and this press release is not in any way meant to be a solicitation to buy or sell any security. The views expressed in this release are exclusively those of Frank Hawkins and Julie Marshall and are provided as information only. This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by the cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the companies mentioned in this release disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. Hawk Associates, Inc. Frank Hawkins and Julie Marshall, 305- 451-1888 ir@hawkassociates.com http://www.hawkassociates.com Copyright Business Wire 2008
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