ORLANDO, Nov. 28, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., announced that it has initiated research coverage on Golden West Brewing Co. Inc. (OTCBB:GWBC), an American craft brewer producing award-winning organic ales and pilsners.
RedChip Junior Research Analyst John Paulin reported:
"Golden West Brewing Company is well-positioned to capitalize on explosive growth in the organic beer segment as it continues to increase distribution and brand recognition. Golden West Brewing, together with its wholly-owned subsidiary, Golden West Brewing Company, produces organic craft beers in the United States. The company brews award-winning organic ales and pilsners under the Butte Creek brand and engages in contract brewing for third parties."
"Based on a recent share price of $0.85, Golden West Brewing is trading at a 2.2 times trailing twelve months price-to-sales multiple. We believe that GWBC shares are undervalued considering the growth of the craft beer industry and, specifically, organic beer; the company's shelf space in Whole Foods and Costco; and future acquisition prospects as described by management. We believe GWBC's plans to introduce more products into its product line-up in early 2008 and expected growth in the organic and craft beer markets will help drive revenue growth over the next twelve months," Mr. Paulin wrote in the report.
To receive a complimentary copy of the RedChip Visibility Initial Research Report for GWBC, please visit:
http://www.redchip.com/visibility/about.asp?page=requestGWBC_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 concrete, measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products and services, which include 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:
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DISCLOSURES
The analysts contributing to this report do not hold any shares of GWBC. 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. Golden West Brewing Company, Inc. is a client of RedChip Visibility, a division of RedChip Companies, Inc. RedChip Visibility has been contracted by GWBC to increase investor awareness of GWBC to the small-cap equity community. These services may include investor conferences and digital and print distribution of GWBC 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 RedChip Companies is an investor relations firm hired by the Company and received a fee of $50,000 in cash and 100,000 shares of common stock under Rule 144 stock for the RedChip Visibility Research Program and twelve months of investor relations services.