ORLANDO, Fla., Jan. 19, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced today that it has issued a research update on Sunnylife Global, Inc. (Pink Sheets:SNYL).
Holmes Osborne, CFA, RedChip Research Analyst and, Jason Chen, Ph.D, RedChip Director of Research, wrote in the report:
"Sunnylife is a profitable company. Management estimates that net profit for 2006 will be approximately $860,397 or $.012 per share. Upon completion of the first hospital and after fees have been collected from members, management expects to earn $7,386,489 in 2007 or .107 a share. Based upon a P/E of 20, Sunnylife stock would trade at $2.14, which is our new target price. These numbers are based upon projections.
Dr. Jason Chen, Ph.D Mathematics University of Massachusetts, reviewed contracts provided by the Company to verify their validity and estimated net worth. Dr. Chen found that the Company has twenty-one contracts in place for additional hospitals, including but not limited to: the PRC Department of Health, the Bao Tou Hospital, Zhu Zhou Love Heart Hospital, Shang Tan Love Heart Hospital, and the He Bei Hospital. The Company will own 70 percent of each contract with the remaining 30 percent belonging to government owned entities under the terms of the contract. Each contract is expected to return $18.75 million with net earnings of $3.9 million for 20 years. In addition to the 21 hospital contracts, the Company has secured all necessary licenses, certificates, and approvals from the PRC required for operations."
To receive a complimentary copy of the RedChip Research Report for SNYL, please visit: http://www.redchip.com/visibility/about.asp?page=requestSNYL_Q3_2006.
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RedChip Visibility Research Disclosure
The analysts contributing to this report do not hold any shares of SNYL. 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. The analysts writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. 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. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Sunnylife Global, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. SNYL paid RedChip Visibility $15,000 for this report and 15,500 shares of Rule 144 stock for the RedChip Visibility program.