CABN News:
May 8 -
RedChip Visibility Issues Fourth Quarter 2007 Research Update On Carbon Sciences, Inc.
RedChip Visibility, a division of RedChip Companies, Inc. announced it has issued a fourth quarter 2007 research update on Carbon Sciences, Inc. (OTCBB: CABN), a company engaged in developing its GreenCarbon(tm) Technology which converts harmful carbon dioxide into useful carbon products.
Neha Bhargava, MBA, RedChip Research Analyst, reported:
“CABN continues to focus on developing and commercializing its GreenCarbon(tm) Technology. We consider the completion of CABN's Mobile Prototype as an initial positive mark toward the development of this technology.
“CABN expects to develop its products and to focus its efforts on establishing markets in power plants and industrial factories by 2010. We believe CABN's carbon transformation is a better option compared with traditional carbon sequestration technologies,” Bhargava continued.
“As the world moves toward trimming the impact of global warming, the U.S. Department of Energy has set an objective to capture 90% of CO2 from the environment with 99% storage permanence at less than a 10% increase in energy costs, which itself would be a Herculean task. With the value of GreenCarbon Technology and the DOE's objectives, CABN has massive upside potential,” she concluded.
“We are assigning a 'Speculative Buy' rating to CABN stock with a 12-month target price of $0.32.”
To receive a complimentary copy of the RedChip Visibility Fourth Quarter 2007 Research Report for CABN, visit www.redchip.com/visibility/about.asp?page
=vreport&reportid=105&from=05082008pr. |