NEW YORK, May 11, 2011 (CRWENEWSWIRE) — SunSi Energies, Inc. (”SunSi”), (OTCQB:SSIE), announced today that Goldman Small Cap Research (”Goldman Research”), a stock market research firm focused on the small cap and micro cap sectors, had initiated coverage on SunSi on May 9, 2011; and that Goldman Research had put a six-month price target on SunSi stock at $6.00 per share, and forecast a $12.00 per share price target by the end of 2012.
You can download the complete report on the Goldman Research website at http://goldmanresearch.com/index.php?option=com_docman&task=cat_view&gid=25&Itemid=40 and see all research reports that have been written about SunSi at SunSi’s website http://www.sunsienergies.com/sunsi/investors.htm .
David Natan, SunSi’s Chief Executive Officer, stated, “We believe our stock price is significantly undervalued. The conclusions reached in this research report should help give us some additional visibility. We continue to execute our business plan, are now profitable, and expect to generate increasing profitability in future. We strongly believe that our business plan of acquiring trichlorosilane (TCS) production facilities and distribution rights, and growing those facilities both organically and through expansion, is the best way to capitalize on the most profitable segment of the solar value chain.”
About SunSi Energies Inc.
SunSi’s focus is to acquire and develop a portfolio of high quality TCS producing facilities that are strategically located, and possess a potential for future growth and expansion. SunSi now controls approximately 47,000 metric tons of TCS production, which is believed to be the largest TCS-only company in China.
Relatively unknown, but essential to the solar industry, TCS is a chemical primarily used in the production of polysilicon, which is an essential raw material in the production of solar cells for photovoltaic (PV) panels that convert sunlight to electricity. TCS is considered to be the first product in the solar PV value chain before polysilicon, and is also the principal source of ultrapure silicon in the semiconductor industry. SunSi believes it will become the first and only “pure play” public company in the world focusing exclusively on the production and sales of TCS. SunSi Energies Inc. is traded on the OTCQB under the ticker “SSIE.” For additional information, please visit our website at: www.sunsienergies.com.
Forward-Looking Statements:
This news release contains forward-looking statements related to the future financial condition and results of SunSi’s operations. SunSi paid Goldman Research to conduct the research which is referenced herein; however, such payment did not consist of SunSi stock, was made in advance of all research undertaken, and was in no way contingent upon any of the results of the research.
The statements about SunSi attaining a $6.00 share price within six months and a $12.00 share price by the end of 2012 are those of Goldman Research and not SunSi. Other forward looking statements are based on SunSi’s current expectations and estimates regarding: TCS markets and industry in which we operate being the most profitable segment of the solar value chain, management’s beliefs and assumptions regarding these markets, future growth prospects, becoming immediately profitable, future earnings and revenue projections, the percentage of solar panels requiring TCS, completion of our Wendeng expansion plan, the size of SunSi’s TCS capacity compared to other Chinese TCS companies, other acquisition transactions and attaining an AMEX listing. These statements are subject to important risks and uncertainties, which are difficult to predict, and assumptions which may prove to be inaccurate.
Some of the factors that could cause results or events to differ materially from current expectations include, but are not limited to: general economic conditions, market or business conditions; general stock market performance, the performance of the solar industry in general, changing competitive environment; changing regulatory conditions or requirements; changing technology; raising sufficient capital to pay the Wendeng shareholder and fund the expansion of Wendeng to 75,000 MT, attaining the required number of shareholders to meet AMEX listing requirements, the price of TCS sold within China and outside of China, attaining projected revenue of $20-$25 million per year at Wendeng, the level of production by the Wendeng factory, Baoaki’s success in attaining new clients under its distribution agreement, and success in implementing productivity initiatives.
Some of these factors are largely beyond the control of SunSi. Should any factor impact SunSi in an unexpected manner, or should assumptions underlying the forward-looking statements prove incorrect, the actual results or events may differ materially from the results or events predicted. All of the forward-looking statements made in this document are qualified by these cautionary statements, therefore, there can be no assurance that the results or developments anticipated by SunSi will be realized or, even if substantially realized, that they will have the expected consequences for SunSi. Readers should not place undue reliance on any forward-looking statements. Furthermore, SunSi disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or any other occurrence.
CONTACT: Investor Relations:
Acorn Management Partners, LLC
John R. Exley, III
Direct 678-368-4002
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