NEW YORK, May 8, 2002 (PRIMEZONE) -- World Financial Capital Markets, an investment boutique specializing in the underwriting of public and privately held securities, issues additional commentary on Cedar Knolls, New Jersey-based MediaBay, because of its latest announcement regarding "The Jack Benny Show." The firm's Radio Spirits subsidiary reports that it has obtained exclusive rights for distribution throughout the MediaBay marketplace.
This announcement provides Radio Spirits with exclusive worldwide broadcast, Internet, reproduction, marketing and selling rights for all episodes of "The Jack Benny Program," which were originally broadcast on radio between 1932 and 1955. MediaBay, with shares traded on the Nasdaq National Market under the ticker MBAY, is a dominant provider of spoken audio and nostalgia products, including audio books and classic radio shows. World Financial maintains a strong buy rating and 12-month target of $10 for MediaBay.
Full details of our initial and amended reports can be viewed through the Breaking News section of World Financial's Internet site at www.worldcapmarkets.com.
Safe Harbor Statement:
Except for historical information contained herein, are 'forward-looking' statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product volatility, product demand, market competition and risk inherent in the companies operations. Information herein contains or incorporates by reference 'forward-looking statements,' including certain information with respect to plans and strategies of the featured company.
About World Financial Capital Markets
World Financial Capital Markets Inc. is a New York-based investment boutique and chartered member of the National Association of Securities Dealers and Securities Investor Protection Corporation. The firm's main goal has been to engage in the business of investment banking, analytical research, underwriting and broaden its horizon from retail brokerage clients towards institutional clientele.