ORLANDO, Florida, Dec. 1, 2006 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced that they have initiated research on Left Behind Games (OTCBB:LFBG).
Saeid Hamedanchi, CFA, and Jim Altenbach, CFA, RedChip Research Analysts, wrote in the report:
"We initiate coverage on Left Behind Games Inc. (OTCBB:LFBG) with a "Strong Buy" rating. We set the 18 month price target at $15.00 and 30 month price target of $18.70. We recently met with management, including Jeffrey S. Frichner, President and Co-Founder. We expect LFBG to generate a profit of $2 million for the quarter ending December 31, 2006, or $0.148 EPS. This expectation is based on the Company's product launch of LEFT BEHIND: Eternal Forces, which was released on November 7, 2006, recent media attention, and the fact that the video games will be based on the world renowned Left Behind fiction series which sold over 65 million copies."
To receive a complimentary copy of the RedChip Visibility initial research for LFBG, please visit: http://www.redchip.com/visibility/about.asp?page=requestLFBG.
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RedChip Visibility Research Disclosure
The analysts contributing to this report do not hold any shares of LFBG. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that Red Chip visibility, a division of RedChip Companies, has been hired by the Company to distribute its press releases, and write research on the company. RedChip Visibility has received a cash fee of $30,000 for their services.