Mariner’s Choice International is focused on developing, manufacturing and marketing product solutions for the marine industry. The Company is developing competitively priced products that are eco-safe and provide equal or superior performance compared to alternative products that contain hazardous ingredients.
Mariner’s Choice plans to consistently introduce new products and has many in the pipeline that it plans to introduce over the next 18 months. Adding new products to its portfolio will help the company build brand awareness and enhance its visibility among customers, investors and the media.
The Senior Analyst of the firm concluded, “MCII has already begun to generate revenues and management expects 2007 revenues in a $1.3 million range and reaching operating breakeven in 2008. Considering the above-mentioned facts and marine industry trends favoring eco-safe products, we are initiating coverage of Mariner’s Choice with a Speculative Buy rating and a $0.90 share price target.”
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