NEW YORK, May 14, 2007 (PRIME NEWSWIRE) -- Harbinger Research LLC (www.harbingerresearch.com), an independent research firm, issued a Research Report today regarding Magnitude Information Systems, Inc. (OTCBB:MAGY), which is currently in the midst of purchasing Kiwibox Media, a diversified content and social networking site serving primarily teenagers.
The report provides a description of Magnitude Information Systems' business, industry, product, strategy, management team, and investment opportunities and risks. The report also includes a research rating.
The report is available free of charge at http://www.harbingerresearch.com/viewCompany.php?company=233.
About Harbinger Research, LLC:
Harbinger Research is a quality-leading, New York-based independent equity research company that provides insightful, in-depth equity research coverage and informational reports to smaller U.S. traded companies and the individuals and institutions that invest in them.
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About Magnitude Information Systems, Inc.
Magnitude Information Systems, Inc. is currently in the process of purchasing Kiwibox Media, which has created a successful online social network known as Kiwibox.com serving the teen marketplace. Kiwibox.com has been a leading entertainment-focused online social network and has targeted female teenagers between the ages of 13-19 since September 1999. Kiwibox.com has built its online brand utilizing a unique "For Teens By Teens" design methodology, and since its inception has been an industry leader in adopting user generated site content. By involving the teen user in the creation, editing, and moderating of content, Kiwibox.com has become the online destination for over 1.8 million registered members and 150,000 unique visitors monthly.
Additional information on Magnitude Information Systems may be found at www.magnitude.com.
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$12,000 from a third party in return for report authoring and distribution services.