ORLANDO, Fla., Dec. 28, 2006 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc. announced today that it has issued a research update on One IP Voice Inc. (OTCBB:OIVO).
Lisa Springer, MBA, CFA, RedChip Research Analyst, wrote in the report:
"We initiated coverage of One IP Voice last February with a Speculative Buy rating and a price target of $4.11, based on a discounted cash flow model. We believe the Company is correctly focusing on the greater revenue and profit opportunities associated with IP telephony. However, One IP Voice is still very much in the early stages of a turnaround. In addition, the Company will need to raise additional capital to fund the growth of the IP telephony business, a task that becomes more difficult due to significant declines in the share price. As a result, these shares have considerable risk and are rated a highly Speculative Buy."
To receive a complimentary copy of the RedChip Independent research update for OIVO, please visit: http://www.redchip.com/independent/subscriber.asp?page=requestOIVO_q3_2006s
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RedChip Independent Research Disclosure
The analysts contributing to this report do not hold any shares of OIVO. 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. OIVO is not a client of RedChip Companies, or any of its affiliates.