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Subject: 2 to Watch and Weekly Recap - August21, 2005



 

  SmallCapReview News  
  August 21, 2005  
 

Two Small-Caps to Watch and Weekly Recap:  

GulfMark Offshore (Nasdaq: GMRK) and Mitcham Industries (Nasdaq: MIND)


GulfMark Offshore (GMRK)

GulfMark Offshore has positioned itself as a premier niche participant in the international offshore marine services industry.

Website: www.gulfmark.com


Profile: GulfMark Offshore (Nasdaq: GMRK) provides marine support and transportation services to companies involved in the offshore exploration, and production of oil and natural gas. Its fleet of vessels offers various services that support the ongoing operation and construction of offshore oil and natural gas facilities; and drilling rigs, including the transportation of materials, supplies, and personnel, as well as the positioning of drilling structures. The company also provides management services to other vessel owners. Its fleet consists of various types of vessels that include platform supply vessels; anchor handling, towing, and supply vessels; construction support vessels; standby rescue vessels; crewboats; specialty vessels; and utility vessels. The company??™s customers primarily include integrated oil and gas companies, independent oil and natural gas exploration and production companies working in international markets, and foreign government-owned or controlled oil and gas companies, as well as companies that provide logistic, construction, and other services to such oil and gas companies and foreign government organizations. GulfMark operates in the North Sea, offshore southeast Asia, offshore India, Brazil, and west Africa. Its existing fleet is 56 vessels.

Read more about GMRK at www.smallcapreview.com/gmrk.htm


Mitcham Industries (MIND)

Mitcham Industries, Inc. has established a highly profitable niche within the growing 3-D seismic industry and is now the largest independent company specializing in the short-term leasing of 3-D seismic equipment to the oil and gas industry.

Website: www.mitchamindustries.com


Profile:  Mitcham Industries (Nasdaq: MIND) engages in the leasing and sale of seismic equipment to the seismic industry worldwide. The company operates through its two subsidiaries Mitcham Canada, Ltd. and Seismic Asia Pacific Pty, Ltd. (SAP). MIND leases and sells geophysical and other equipment used primarily by seismic data acquisition contractors to perform seismic data acquisition surveys on land and in transition zones. Its lease pool includes various types of equipment used in seismic data acquisition, including electronic components of land and transition zone seismic data acquisition systems, geophones and cables, earth vibrators, peripheral equipment, and survey and other equipment. The company also sells various used seismic equipment on a worldwide basis; and SAP sells equipment, consumables, systems integration, engineering hardware, and software maintenance support services to the seismic, hydrographic, oceanographic, environmental, and defense industries throughout southeast Asia and Australia. Mitcham Industries has sales and service offices in Calgary, Canada, Brisbane, Australia; and associates throughout Europe, South America, and Asia. It offers services to the oil and gas industry, seismic contractors, environmental agencies, government agencies, and universities.

Read more about MIND at www.smallcapreview.com/mind.htm


Weekly Recap

COMMSA Contracts 3 Remote Power Generation Systems for Platforms in Gulf of Mexico...(DESC) Northern Power Systems, a subsidiary of Distributed Energy Systems Corp, announced it has been awarded a $2.05 million contract by Construcciones Mecanicas Monclova S.A. de C.V. (COMMSA) to design, fabricate, integrate and install independent remote power systems for three offshore natural gas drilling platforms in the Gulf of Mexico.

Resolve Staffing Announces Record Sales for the Second Quarter 2005...(RSFF) Resolve Staffing reported revenues of $5.4 million for the second quarter ended June 30, 2005, an improvement of $5 million or 1,220% over revenues of $410,000 for the second quarter of 2004 and a 217% increase over revenues of $1.7 million for the first quarter of 2005.

Going head to head in microcap arena... Two exchange-traded funds introduced this week are both designed to invest in the market's smallest stocks, but they go about it in markedly different ways. 

This rivalry will be closely watched by fans of microcaps, an area traditionally viewed as one where portfolio managers can add value through savvy stock picking.  "There are a lot of little companies out there that no one cares about," said Carl Wilk, portfolio manager at the $140 million Gartmore Micro Cap Equity fund. "There are inefficiencies in the microcap space because the companies are under-followed and under-owned."

Small-cap stocks make mightiest gains... After languishing for the first few months of this year, small-company stocks have had a pretty hot summer.


 

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We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: http://www.sec.gov and/or the National Association of Securities Dealers (NASD) at: http://www.nasd.com . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.


 
 








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