NEW YORK, Sept. 7, 2006 (PRIMEZONE) -- Harbinger Research LLC, an independent research firm, initiated research coverage of Deer Valley Corp. (OTCBB:DVLY) today.
The Coverage Initiation Report provides a description of Deer Valley's business, industry, products, strategy, management team, financial statements, and investment opportunities and risks. The report contains an investment rating and 12-month price target, and is available free of charge at Harbinger's website.
About Deer Valley Corp.
Deer Valley Corporation (www.deervalleycorp.com), through its wholly owned subsidiary, Deer Valley Homebuilders, Inc., engages in the production, sale, and marketing of manufactured homes in the southeastern and south central United States. It manufactures and sells single and multi-section manufactured homes. The company offers approximately 22 models of manufactured homes with various decors marketed under the Deer Valley brand name. It sells its products through a network of independent dealers and retail centers. The company was founded in 2004 and is based in Tampa, Florida.
About Harbinger Research, LLC:
Harbinger Research (www.harbingerresearch.com) is a New York-based independent equity research firm that provides insightful, in-depth equity research coverage and no-opinion reports to smaller U.S. traded companies and the individuals and institutions that invest in them.
Statement under the Private Securities Litigation Reform Act:
With the exception of the historical information contained in this release, the matters described herein contain forward-looking statements that involve risk and uncertainties that may individually or mutually impact the matters herein described, including but not limited to the ability of the company to increase revenues in the future due to the developing and unpredictable markets for its products, the ability to achieve a positive cash flow, the ability to obtain orders for or install its products, the ability to obtain new customers and the ability to continue to commercialize its products, which could cause actual results or revenues to differ materially from those contemplated by these statements.
Harbinger Research, LLC received US$30,000 from the Company in return for report authoring and distribution services.