10/11/2004 - Scottsdale-based homeland defense contractor Aegis Assessments, Inc. (OTCBB: AGSI) announced that Source Capital Group, Inc. has initiated research coverage on the company effective September 14, 2004. Joe E. Blankenship, Vice President Research for Source Capital, initiated coverage with a "buy" rating.
"Our research indicates that the Department of Homeland Security is working diligently to solve the problem of first responder radio interoperability," stated Mr. Blankenship. "There is a critical need for improved coordination of different agencies at any emergency event, and Aegis fills that need with its Radio Bridge, which can let responders on different radio frequencies talk to each other," Mr. Blankenship continued. "By linking police departments with fire departments and emergency medical personnel, an incident commander can help to insure the efficiency of the emergency response as well as provide improved safety to the first responders. This equipment is required for natural disasters, like the hurricanes plaguing the Southeast, fires, hazardous waste spills and other emergencies as well as for potential terrorist attacks.
"The Company's Wireless Life Safety System can augment current safety measures now being stipulated by building codes that require radio interoperability in large buildings. Scottsdale, Arizona has been one of the first mover cities that have passed such a code," stated Mr. Blankenship.
Source Capital's 12-month price target for Aegis stock is $12.50. The full report can be viewed at www.aegiscorporate.com/investors.htm.
Aegis Assessments, Inc. does not endorse or adopt any of the opinions, estimates, forecasts, conclusions or recommendations expressed by analysts. The information obtained in any report presented by analysts, expresses the views of the analysts, not Aegis Assessments, Inc. The view of Aegis Assessments, Inc.'s management with respect to the company's historical performance and future prospects is contained in its SEC filings.
About Source Capital Group, Inc.
Source Capital Group: Source Capital, headquartered in Westport, CT provides high-quality independent investment services, removed from the typical Wall Street environment, to individuals and institutions.
About Aegis Assessments, Inc.
Through the SafetyNet(TM) line of products, Aegis provides wireless security solutions to public safety agencies and commercial security companies for homeland security and life safety applications. Integrating emergency and life safety systems available to the public and private sectors is the new challenge in homeland security that the company's products and technologies address. www.aegiscorporate.com
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