Taglich Brothers Initiates Coverage of Profire Energy, Inc.
NEW YORK, NY -- (MARKET WIRE) -- 01/24/12 -- Taglich Brothers, Inc. announces it has initiated coverage of Profire Energy, Inc. (OTCBB: PFIE).
Profire Energy, Inc., headquartered in Lindon, Utah, manufactures, installs and services oilfield combustion management systems and related burner products that aid oil and natural gas producers in the safe and efficient development and transportation of carbon-based fuels.
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Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.
We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company within the last three years. All research issued by Taglich Brothers, Inc. is based on public information. The company paid a monetary fee of $9,000 (USD) in November 2011 for the creation and dissemination of research reports for the first six months. After the first six months of publication, the company will pay a monthly monetary fee of $1,500 (USD) for a minimum of six months to Taglich Brothers, Inc., for the creation and dissemination of research reports.
Contact: Richard Oh Taglich Brothers, Inc. 631-757-1500
Source: Profire Energy, Inc.
Released January 24, 2012