Aqualife A/S
Praetorian update: aresa’s H1 results were in line with expectations and did not contain surprises
Aresa A/S / Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- The decisive moment is near! aresa's H1 results were in line with expectations and did not contain surprises, however it was negative that testing in South Africa has been postponed, since it is decisive for the investment case that proof of concept for the RedDetect mine plant is established and in this connection test results are vital. We keep our price target unchanged and lower our short-term rating to Sell and reiterate our long-term Buy rating. For more information, please contact Jesper Ilsøe, Praetorian Research, tlf: 5025 3000, email: info@p-research.dk or Steen Thaarup CEO Phone: +45 7022 7747 Mobile: +45 4077 8695 E-mail: st@aresa.dk The company's certified advisor is Dahl-Sørensen & Partners A/S, Allan Reimann, tel.: +45 3364 9205. About Aresa Aresa is a plant biotech company established in 2001 by the company's current CSO, Carsten Meier. It originates from the Institute of Molecular Biology at Copenhagen University. Aresa focuses on the plant-based technology platform: BioSensor for the detection of substances in soil, including leakage of explosives from landmines. Aresa shares are traded at the Nasdaq/OMX-First North stock exchange since the introduction in 2006. Aresa is based at Symbion Science Park in Copenhagen and has greenhouse facilities on the outskirts of Copenhagen and test sites in Denmark, Croatia, and Serbia. Aresa has 11 employees, 7 in research & development and 2 in landmine operations. News Source: NASDAQ OMX 28.08.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: Aresa A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0060031094 WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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