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Standard & Poor's Initiates Factual Stock Report Coverage on CVTech Group Inc.
NEW YORK-(Business Wire)-July 2, 2008 - Standard & Poor's announced today that it has commenced Factual Stock Report coverage on CVTech Group Inc.
CVTech Group Inc. (TS:CVT), through its subsidiaries and a joint venture, designs, manufactures and distributes continuously variable power transmission systems (CVTs) and related products and provides services for the construction and maintenance of electrical transmission and distribution lines. The company generates revenues in Canada, the United States and Europe. It operates in two segments: CVT systems and related products, and electricity.
Through its wholly owned subsidiary, CVTech-IBC inc., the company manufactures continuously variable power transmission systems for major manufacturers of recreational and utility vehicles as well as minicars. In addition, CVTech-IBC inc. operates a branch in France in order to serve the aftermarket parts segment and to maintain a proper customer service for the European market. Another subsidiary, CVTech R&D inc., is responsible for the design of CVT systems for the clients of CVTech-IBC inc. Its main source of income is derived from royalties paid by CVTech-IBC inc. on the sales of products developed by CVTech R&D inc.
The subsidiary CVTech-AAB inc. specializes in the rebuilding of industrial crankshafts, cylinders and engines, the plating of cylinders and the sale of engine-related parts. CVTech-AAB inc. is part of the CVT and related products segment.
This report will also be accessible on an ongoing basis to the investment community — scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor's service provides factual research coverage enabling information about CVTech Group Inc and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.
About Standard & Poor's
Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 7,500 employees, including wholly owned affiliates, located in 21 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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