GARDEN CITY, N.Y., Aug. 29, 2002 (PRIMEZONE) -- Ehrenkrantz King Nussbaum, an investment boutique specializing in the underwriting of public and privately held securities, is pleased to announce that it has commenced analytical coverage of Cedar Knolls, New Jersey-based MediaBay, Inc. with a strong buy rating and a 12-month target of $10. 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.
A complete abstract of the report can be viewed under the Research section of our site at www.eknstock.com.
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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 Ehrenkrantz King Nussbaum
Ehrenkrantz King Nussbaum is a Garden City, NY-based investment boutique that specializes in the underwriting of public and privately held securities. The firm offers clients superior and comprehensive services, while ensuring future success by continually seeking innovative ways to meet the varying needs of institutional and individual clientele.
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