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Corporate Social Responsibility
News
4.29.2008 - 06:12pm ET
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CSR News from:
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Cronus Capital Markets, Inc.
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News Categories: |
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Cronus Capital Markets Launches the "Invest in a BetterWorld" Initiative
(CSRwire) TORONTO, ONTARIO - (MARKET WIRE) - 04/29/08 - The "Invest in a
BetterWorld" Initiative is intended to focus the attention of the
investment community on small and medium-sized public companies that are
in the business of Bettering the World through their goods and services.
These companies are involved in Green/Renewable Energy and Environmental
Technologies - including soil, air, and water related treatment and
technology.
Michael Soni, President and CEO of Cronus Capital Markets, Inc. (CCM) has
stated, "After a thorough analysis of Canadian public companies operating
in the Green/Alternative Energy industries, and those involved with
Environmental Technology, we have determined that they are rather
undervalued and, generally, neglected by the market. Since there is very
little information available to investors on these companies, we are
launching this initiative over the spring and summer months - at the
height of the driving season in North America - to energize these sectors
in Canada, thereby making it easier for investors to make decisions. With
so little information available on these companies, as is the current
state of affairs, everyone loses. The capital markets need to step up and
provide greater market efficiency for these companies. These sectors are
far too important."
Cronus Capital Markets created the Green Energy Index (ISE: POW) with a 5
year return of 108% and Future Energy Index (ISE: NEW) with a 5 year
return of 429%, both of which trade on the ISE, the largest options
exchange in the world. CCM expects ETF's to also be listed on these
indexes much in the same way that an ETF was listed on the NYSE based on
their Homeland Security Index.
In the first phase of this initiative, easy-to-access information will be
created for these companies through the CCM BetterWorld Stock Index TM)
Canada and E-Directory, where all of these companies will be listed and
described, along with some general analysis on the current state of the
business and sector. This will be widely available to the investment
community as they search for opportunities in these sectors. This
initiative will provide immediate benefits to these companies as it
relates to awareness of their business and the subsequent opportunities
that flow from that increased awareness. CCM is also reaching out to
associations and other groups focused on further developing these sectors.
Later this summer CCM will be launching the CCM BetterWorld Opportunities
Fund(TM) in order to distribute investment dollars directly into some of
the underlying companies of the Index.
Mr. Soni went on to say, "We are interested in being a powerful ally to
BetterWorld companies in Canada. With access to mainstream media, hundreds
of thousands of retail investors (including accredited investors) thousands
of stock brokers, and institutions interested in this sector from all
across North America - we are in a unique position to assist individual
companies in these industries, as well as the industries as a whole."
About CCM
Cronus Capital Markets(R) (CCM) is a leading capital market services firm;
providing products and services to investors, institutions, securities
exchanges, and public companies. www.cronuscapitalmarkets.com
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