ORLANDO, Fla., June 12, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc. announced that it has initiated research on Bioforce Nanosciences Holdings, Inc. (OTCBB:BFNH)
Nancy Hull, MBA, RedChip Research Analyst, wrote in the report:
"Pressured by recent sales of shares by investors under SEC Rule 144, BioForce Nanosciences Holdings, Inc. (BFNH.OB) shares are now trading at 82% below their 52-week high of $5.00 set just three months ago. We believe the current weakness in share price offers a compelling investment opportunity for those seeking exposure to micro-cap nanotechnology equities. We expect the Company to deliver more than 500% revenue growth in FY 2007 while simultaneously expanding gross margin by approximately 14%. These strengthening financial results should serve to validate the commercial viability of the Company's nanotechnology platform and ease any lingering investor concerns over recent selling pressure on the shares. Our twelve month price target of $1.79 (nearly 100% above current levels) affords BFNH a P/S multiple of 5.0x our FY 2008 revenue estimate of $8.6 million, inline with a basket of comparable nanotech peers."
To receive a complimentary copy of the initial RedChip Visibility research report for BFNH, please visit: http://www.redchip.com/visibility/about.asp?page=requestBFNH_initial
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
"Discovering Tomorrow's Blue Chips Today."(tm)
RedChip Visibility Research Disclosure
RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. BFNH is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. BFNH paid RedChip Visibility $32,400 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc., in a joint marketing agreement, have been contracted by BFNH to increase investor awareness of BFNH to the small-cap equity community. These services may include investor conferences and digital and print distribution of BFNH investor related materials. 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 the Aurelius Consulting Group is an investor relations firm hired by the Company and receives a monthly fee of $5,500 and warrants to purchase 80,000 shares of the Company's common stock.