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February 10, 1999
AMBI Inc. (NASDAQ: AMBI) RECOMMENDATION: BUY
AMBI Continues to Deliver and Reports Strong Fiscal Second Quarter
1999 Results
Market Data:
Exchange Symbol.....................AMBI (NASDAQ)
Price of Common Stock (02/09/99)............$1.41
30-Day Average Trading Volume.............186,000
Shares Outstanding.........................27.6mm
52-Week High/Low......................$2.25/$0.62
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AMBI Corporate Information:
Address.....................4 Manhattanville Road
..............................Purchase, NY 10577
Telephone............................914-701-4500
President & CEO..................Fredric D. Price
VP Finance & Admin., CFO........Gerald A. Shapiro
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Summary Investment Considerations
We continue to be impressed with AMBI management's ability to deliver on
their promises. As expected, AMBI reported strong fiscal second quarter
results yesterday. When we first considered recommending AMBI, management
had publicly announced that several transforming events should occur over
the next six months or so: a major strategic partnership, continued financial
turnaround, and one or more product/business acquisitions. AMBI has delivered
on all these in a very short period of time.
This second quarter was particularly indicative of AMBI's ability to
deliver on its promises:
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