ORLANDO, Fla., Jan. 18, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that it has issued a research update on Universal Guardian Holdings, Inc. (OTCBB:UGHO).
Jin Xing, MBA, CFA Level I Candidate, RedChip Research Analyst, wrote in the report:
"The ninth consecutive quarterly revenue increase generated by UGHO demonstrates strong momentum in the business and reflected Management's ability to execute strategies effectively. We believe the anticipated launch of the Total Asset Guardian(tm) (TAG3) program will create a tremendous opportunity for UGHO to capture revenues in the RFID industry. Furthermore, UGHO is believed to benefit from the initiation of consumer sales programs for the Cobra StunLight(tm). Based on the Company's current performance and its future growth prospect, we hold our previous target price of $2.76 and reiterate our Strong Buy rating."
To receive a complimentary copy of the RedChip Research Report for UGHO, please visit: http://www.redchip.com/visibility/about.asp?page=requestUGHO_Q3_2006.
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RedChip Visibility Research Disclosure
The analysts contributing to this report do not hold any shares of UGHO. 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 Companies, Inc. ("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 analysts 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. UGHO paid RedChip Visibility $32,400 for the RedChip Research Report and RedChip Visibility Program.