LANSING, MI, Aug. 5 /CNW/ - Kraig Biocraft Laboratories, Inc. (OTCBB:
KBLB), Emerging Growth Research, LLP issued a report late last month on Kraig
Biocraft Labs putting a Speculative BUY rating and a target price of $4 a
share. Analyst Joseph Noel said "We are clearly excited about this company's
prospects to develop a 'super fiber' that can be sold into the technical
The report states the company is in possession of the coded gene
sequences relating to spider silk production and is currently working on
microinjections of this material into silkworm eggs. No requirement for FDA
approval enables the company to fast track into production, licensing
agreements or direct sale once microinjection is successful, which is
estimated by the end of 2008.
The report is available for free download at:
Kraig Biocraft Labs Kraig Biocraft Laboratories is a technology company
focused on the development of commercially significant high-performance
polymers, technical fibers and diverse platform technologies. Based on
proprietary genetic engineering technology, Kraig is working to develop and
produce polymers and protein-based materials including Spider Silk.
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Kraig Biocraft Labs trades on the OTC Bulletin Board exchange under the
symbol KBLB, other Bulletin Board and Pink Sheet to watch are: Nutracea
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contained herein is not guaranteed by Keros to be accurate, and should not be
considered to be all-inclusive. The companies that are discussed in this
opinion have not approved the statements made in this opinion. This opinion
contains forward-looking statements that involve risks and uncertainties. This
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