The Research Works, LLC Initiates Research Coverage on Mattman Specialty Vehicles Noting Company's Growth Prospects
SAN MARCOS, Calif.--March 28, 2006--The Report Details the Substantial Growth Prospects for the Company as One of the Largest Manufacturers in the Specialty Vehicle Area for Homeland Defense and Specialized Uses |
Mattman Specialty Vehicles, Inc. (OTC:MMSV) (www.mattmanvehicles.com) today announced that The Research Works, LLC has released an analyst research report covering the Company's operations and growth prospects. The report is now available for review at: http://www.stocksontheweb.com/MMSV.pdf.
"We selected Research Works to issue an evaluation of our company because of the reputation of Michael J. Ritger and his research company's in-depth knowledge of our industry. There are few analysts who have the deep experience and exceptional insight in the microcap space as does that of Mr. Ritger, Managing Director of The Research Works, LLC. Over his career, Mike has analyzed a great number of microcap and small cap companies and has proven himself to be extraordinarily knowledgeable about companies in this underserved but opportunity-rich market," stated John Mattman, Chairman of the Board of Mattman.
"We believe that the Research Works report clearly shows that our stock is grossly undervalued at the present price. We expect this report, plus our planned pending announcements of additional strategic relationships and contracts, will bring additional attention to the Company and the many advantages of the Company being one of the largest providers in the specialty vehicle industry," added Mr. Mattman.
ABOUT MATTMAN
Mattman was formed in 1983 by former Secret Service agent Jurg Mattman. The Company's primary service was dignitary and VIP protection. In 1984, Mattman was selected by the Los Angeles Olympic Organizing Committee and AT&T to provide the security for the 1984 Olympic Torch Relay. In 1986, Mattman provided nation-wide security for the event Hands Across America. Gaining recognition as experts in mega-events, the company provided risk management and security for Miller Brewing Mattman's "Biggest Party in History" and a Philip Morris-sponsored nationwide tour of the Bill of Rights in 1989 and 1990-1991 respectively.
The Bill of Rights tour required a mobile command post to be used by 26 former U.S. Marine Embassy Guards. Mattman's design and production of the unit thrust the Company into the specialty vehicles business in 1990. Since that time, Mattman has exited the VIP protection business to focus exclusively on specialty vehicle production and has built over 500 units for medical and educational institutions, law enforcement and commercial markets. Mattman has achieved a reputation as a leading manufacturer of mobile units for law enforcement, medical institutions and Fortune 500 corporations. Mattman units can be found as far as Beijing, Siberia, Egypt and Venezuela. Law enforcement command and tactical units are spread throughout the country from Logan Airport to Orlando, Washington State, to San Diego. Mattman's goal has always been to provide the highest quality commercial-use specialty vehicles available with durability and aesthetics as its top priority. Private industry customers who have come to recognize Mattman's quality include Bank of America, Philip Morris Companies, Black and Decker, McDonalds, Hormel Foods, Nokia, Sony, Bilstein Corporation of America, EG&G Astrophysics, as well as the numerous law enforcement agencies listed in our references.
Mattman's production facility is located in San Marcos, Calif., which is in north San Diego County. A new 29,000 square foot building houses all aspects of its manufacturing process except painting.
What sets Mattman apart from the majority of manufacturers is commercial grade construction, attention to detail and documented quality control performed on a daily basis.
ABOUT RESEARCH WORKS
This report was prepared by The Research Works, LLC ("RW"). Effective February 26, 2006, in consideration for RW's equity research services relating to this Company, including this report, to be performed through March 20, 2007, the Company agreed to pay RW a fee of 71,500 shares of the Company's common stock (restricted and refundable under certain circumstances outlined in the agreement with the client). This report is based on RW's independent analysis and judgment. The materials upon which the information at this site is based were based on sources believed to be reliable, but RW does not guarantee the information's accuracy or completeness. Unless otherwise noted, any interpretations, earnings estimates and conclusions contained in this report are those of RW. This report is not intended to constitute a recommendation for any particular investor to purchase or sell any particular security or that any particular security is suitable for any particular investor. This report should not be construed as a recommendation or request to engage in any transaction, or an offer or solicitation of an offer to buy or sell any security or investment, and investors are advised to consult their personal broker or investment advisor before making any investment decision concerning any of the companies mentioned herein. Use of this report may be subject to applicable rules of any self-regulatory organization of which you may be a member. The information contained in this report is subject to change without notice, and RW assumes no responsibility to update the information contained in this report. Subject to certain restrictions posted in the Legal section of RW's web site (www.stocksontheweb.com), RW and its affiliated entities and persons may purchase and hold positions in the securities of its clients, but they are prohibited from selling any securities of a RW client during the RW service period to such client. (C) The Research Works, LLC 2006. All rights reserved. Additional and supporting information is available upon request.
Michael J. Ritger, who authored this report, has been an equity research analyst since 2003. He passed the Uniform Investment Adviser Law Examination, Series 65, in August 2003, and he holds a BA (English) from Bates College and a Masters degree from the Yale School of Forestry and Environmental Studies. Mr. Ritger certifies that the views expressed in this report are an accurate representation of his personal views about the Company and its publicly traded securities.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. In order to comply with the terms of the safe harbor, RW notes that except for the description of historical facts contained herein, this report may contain certain forward-looking statements that involve risks and uncertainties as detailed therein and from time to time in the Company's press releases and elsewhere. Such statements are based on RW's current expectations and are subject to a number of actions and uncertainties, which could cause actual results to differ materially from those, described in the forward-looking statements. These factors include those described in the Company's press releases and SEC filings, all of which are hereby incorporated by reference. No forward-looking statements are a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
To stay informed of Mattman Specialty Vehicles' current news and events, please join our E-Mail alert list by clicking the link below:
http://www.b2i.us/irpass.asp?BzID=1364&to=ea&Nav=1&S=0&L=1