Key Largo, Fla., - July 29, 2008 -- AMI Research, a division of Hawk Associates, announced today that it has initiated research coverage of Diatect International (OTCBB: DTCT) with an accumulate rating and a $0.21 price target. The 35-page report is available at the AMI Research website, www.amistockreports.com.
Diatect produces and markets eco-friendly, highly effective insecticides in the United States and abroad. The company has five labels issued by the Environmental Protection Agency (EPA). This permits Diatect to market nine brands of insecticides. Because these labels are difficult and expensive to acquire, they represent a significant barrier to entry. The company's growing distribution network of 600 retailers and its strong Internet e-commerce site www.diatect.com are driving sales growth, supported by increased global consumption of "green" products and growing demand for eco-friendly pesticides.
With an improving balance sheet, a strong management team and a sound operational and marketing strategy, we expect positive cash flow from operations in the next 12 months with the potential for significant profitability growth over the next few years.
About AMI Research
AMI Research is a leading provider of issuer-paid research coverage and a division of Hawk Associates Inc. AMI Research offers high quality and credible fundamental analysis of promising small companies that do not have traditional Wall Street analyst coverage. Please visit www.amistockreports.com.
AMI Research abides by the Best Practice Guidelines Governing Analyst and Corporate Issuer Relationships, developed by the CFA Institute in conjunction with the National Investor Relations Institute (NIRI). The cost of a one-year continuing research program is $30,000 prepaid for four research reports. AMI does not accept payment of fees in company shares. All AMI Research and Hawk Associates personnel are prohibited from trading in securities of covered companies. Neither the analyst's compensation nor the compensation received by AMI Research is in any way related to the specific ratings or views contained in this research report.
