NEW YORK, Dec. 13, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Investrend Research analyst Kipley J. Lytel, CFA has initiated Wall Street research coverage on Public Company Management Corp. (OTCBB:PUBC), rating it a "Speculative Buy/4, and a 24-month target of $2.30."
"The catalyst for the rating stems from both the disparity between the Company's intrinsic valuation and current enterprise market value, said the analyst, also listing:
(1) recent history of profitable operations with year-over-year YTD triple digit revenue and earnings growth;
(2) diverse revenue streams within a synergistic business model;
(3) strong industry fundamentals with a 10-fold increase in over-the-counter bulletin board companies over five years;
(4) new OTCBB filing requirements generating sharp increases in SEC related documentation;
(5) a truly turnkey business platform, fully integrated "one-stop shop" with inherent cross selling mechanisms;
(6) shareholder participation in a de facto "private equity venture portfolio" model that can yield immense financial upside; and
(7) a seasoned executive manager complemented with powerhouse strategic partners and investment advisory board.
All divisions of PUBC can generate revenue from the same client.
The equity portion of the fee typically ranges from 1-4.5%, generally expected to achieve liquidity within three to five years.
PUBC must raise $1.5 million to fully implement the business plan. Revenues were $1,614,976 for the nine-month period ended September 30, 2004, and net income was $1,245,119.
The company has a history of opportunities that yield immense upside. Recently, The Nevada Fund exercised its right to covert a $100,000 debenture into 1,000,000 shares of Megola (OTCBB:MGOA), resulting in an unrealized gain of $610,000 or 610%.
Public Company Management Corporation is one of only a few firms in the U.S. with such a robust revenue model both in its core business and accretive network synergies of its subsidiaries, said Lytel.
The analyst's credentials are at http://www.investrend.com/articles/secondlevel.asp?level=238
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