TAIPEI, Taiwan, May 13, 2003 (PRIMEZONE) -- WF Research Ltd. has initiated coverage on City Networks, Inc. (OTCBB:CYNW) with a Strong Buy rating and a US$3.80 price target. The research may be downloaded for free under: http://www.wfresearch.com/PDF/CNResearch.pdf
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WF Research Inc. is an independent equity research boutique employing proprietary models (using a combination of fundamental, technical and quantitative factors) to identify growth stocks in the US capital markets before they make their move. WFR's research appeals to a wide variety of investors including those using the top down investing approach (Industry Watch Report), the bottom up investing approach (Weekly Growth Stock Almanac, Blue Chip Special), short sellers (The Short Report) and "special situation" investors (In-depth Company Research Reports). WFR scans all industries and company classifications (blue chip, madcap, small cap, micro cap) companies for investment opportunities and publishes a weekly component (Weekly Growth Stock Almanac) and a monthly supplement (Industry Watch, Blue Chip Special, Sell Report).