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April 7, 2006 Stock Pick: MEMS USA, Inc. (MEMS)

Stock Price: $1.60

MEMS USA, Inc. is a California-based professional engineered systems and emerging ethanol producer.

The company plans on changing its name to Convergence Ethanol, Inc. along with a new corporate logo, website, and stock ticker symbol. The company is building a biomass-to-ethanol plant in Northern Ontario planned to come online in three years. We have a much shorter time horizon on MEMS.

Methanol stocks are becoming increasingly followed by investors. MEMS is just beginning to be discovered and has been breaking out much higher over the past two trading days.

MEMS could reach a new 52-week high above $2.80.

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