Mattman Specialty Vehicles, Inc. Announces That Wall Street Resources Has Released an Analytical Profile on Them With 12-Month Target Value of $4.49
SAN MARCOS, Calif.--March 29, 2006--Mattman Specialty Vehicles, Inc. (OTC:MMSV), www.mattmanvehicles.com, today announced the release of an analytical profile on the Company by respected micro-cap valuation expert Mr. Gerald Kieft, founder and president of Wall Street Resources, Inc., which contains a short-term target value for MMSV of $4.49 per share.The free report is available at: www.wallstreetresources.net/pdf/fc/MMSV.pdf. The 24-page report includes detailed information on the Company's business model, products, industry, valuation, management and risks. Wall Street Resources, Inc. is a professional research and consulting firm with over 10 years of experience providing analysis for emerging growth companies and information to the investment community.
"We are very excited that Wall Street Resources has seen fit to issue an overall evaluation of our company, and with a short-term price target of $4.49 per share. Our management team has worked very hard to be recognized as a global leader in mobile solutions, and we consider this report to be verification that our management team is on track," stated Barrie Cropper, President and CEO of Mattman. "The quality of Mr. Kieft's research, coupled with the comprehensive analysis of our business plan, will assist the Company in gaining proper awareness among key decision makers in the market and help our investors and potential shareholders obtain a more thorough understanding of Mattman Specialty Vehicles."
Mr. Kieft stated, "Mattman is ideally positioned to benefit from advances in mobile technology and its applications, as well as the explosive growth throughout the security industry. Mattman's longstanding reputation of providing quality mobile solutions to numerous government agencies and Fortune 500 companies also provides a significant competitive advantage."
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About Wall Street Resources, Inc.
Wall Street Resources, Inc. and its affiliated site http://www.wallstreetresources.net is a leading source for information on micro-to-small capital publicly traded companies. Wall Street Resources (WSR) acts as a conduit between micro-to-small capital company investors and emerging growth companies through its proprietary financial publications including daily and monthly newsletters, as well as comprehensive 20-50 page featured company reports. To sign up to receive WSR's financial publications go to: http://www.wallstreetresources.net/signup_promotion.asp WSR also provides business consulting services to help corporate executives by writing analytical reports, building financial models, and developing business plans.
Disclaimer -- We, our affiliates, and any officer, director or stockholder or any member of their families may have a position in and may from time to time purchase or sell any securities discussed in our financial publications. There may be instances when fundamental, technical, and quantitative opinions may not be in concert. Our associates may from time to time perform investment banking or other services for, or solicit investment banking or other business from, any company mentioned in our reports. WSR is a consultant to the Company and has received $15,000 in cash and 30,000 shares of 144 restricted stock for due diligence fees and consulting services from March of 2006 through September of 2006. WSR also receives $2,500 per month for investor relations services for 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 nationwide 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, California, 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.
Forward-Looking Statements:
Statements about Mattman's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. Mattman's actual results could differ materially from expected results. Mattman undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, Mattman will appropriately inform the public.
SOURCE: Mattman Specialty Vehicles, Inc. 1004 Rancheros Drive San Marcos, CA 92069 For more information on Mattman, please contact: Gerald Kieft or Ryan Audin Wall Street Resources, Inc. 2646 SW Mapp Road, Suite 303 Palm City, Florida 34990 772-219-7525 www.wallstreetresources.net