WASHINGTON, D.C., Aug. 13, 2003 (PRIMEZONE) -- Growth Report, an independent investment newsletter service for individual investors that has delivered returns of 48.6% in the first half of 2003, today announced the addition of iMERGENT, Inc. (OTCBB:IMGG) to its stock portfolio.
iMERGENT is an e-commerce and e-services company focused on providing training and solutions to small businesses and entrepreneurs, thereby allowing small businesses to participate in a global marketplace. The company's unique selling strategy allows company representatives to present to over 125,000 potential purchasers every year through their educational training sessions.
Growth Report added iMERGENT to the newsletter's model portfolio on August 5 at $5.45. This initial research report is available on the Growth Report web site free of charge to paid and trial subscribers at http://www.growthreport.com/
The report discusses:
- The restructuring from Netgateway to iMERGENT - iMERGENT's turn-around and transition from a service company to a product company - Details of the company's sales strategy and model for cultivating leads and selling its e-services products - Historical financial results and projections for the coming quarter and fiscal year 2003 - Growth Report's outlook for the company and the stock price in the coming quarters
In the August 13th issue of Growth Report, Editor Ian Wyatt wrote, "Companies that have survived the bursting of the dot com bubble are those that have successfully refined their business models to focus on profitability. These "survivor" companies are enjoying the fruits of their labors -- as are their shareholders, with the increase in value and trading price of their shares. One company that we believe has yet to receive the deserved recognition for its successful turnaround is iMERGENT."
Wyatt went on to write, "iMERGENT reminds us in many ways of our top performing portfolio holding -- Bankrate (Nasdaq:RATE). We see a correlation due to the OTC Bulletin Board listing and the lack of institutional coverage as a result. Not only is Wall Street unaware of iMERGENT, but the individual investor community seems to have limited knowledge about this firm as well. Even more importantly, this company has been successful with its turnaround and has now enjoyed two consecutive quarters of generating cash from operations. When Growth Report initiated coverage of Bankrate in July 2002, we saw a company that was growing its top-line at unheard of rates while turning a decent profit. We see a very similar situation with iMERGENT."
Growth Report's stock portfolio returned 40% in 2002, and is up another 48.6% in the first half of 2003 by taking long-term positions in fundamentally strong growth stocks. This investment approach has yielded consistently strong returns for subscribers of the newsletter service.
Growth Report has previously covered several dot-com turn-around companies, including Bankrate (Nasdaq:RATE), j2 Global Communications (Nasdaq:JCOM), and LookSmart (Nasdaq:LOOK).
Individual investors who are interested in signing up for a 30-day free trial to Growth Report will receive this report on iMERGENT, plus two free Special Reports:
- "10 Great Growth Stocks Every Investor Should Own Now" - "Not So Generic Returns - Investing in Generic and Specialty Pharmaceuticals"
Free trial subscribers also receive two issues per week by e-mail, one issue per month in print, access to over one year of archived articles, and past and future Special Reports. To start a free 30-day trial subscription, click here: https://www.bizfn.com/index.cfm?Page=pubs&pubs=2&r=pr6
About Growth Report
Growth Report is a leading independent investment newsletter service published by Business Financial Publishing, LLC. Growth Report is entirely independent, and dedicated to uncovering stocks that will deliver the greatest return to subscribers. Two weekly issues delivered by e-mail and on the web provide subscribers with regular updates on the latest news and changes to the portfolio, while a monthly print edition provides in depth articles in an easy to read format.
Disclaimer
Growth Report is neither a registered investment advisor neither a broker nor a dealer. Readers are advised that the publication is issued solely for information purposes and should not to be construed as an offer to sell or the solicitation of an offer to buy any security. No information provided herein or elsewhere from Growth Report constitutes a recommendation by Growth Report to buy, sell or hold any security. We encourage you to consult with independent financial advisors with respect to any investment in the securities mentioned herein.