ORLANDO, Fla., Nov. 30, 2007 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., today announced that it has issued a third quarter 2007 research update for Worldwide Manufacturing USA Inc.
Andre Garnet, MBA, RedChip Senior Research Analyst, wrote in the report:
"We reiterate our 'Buy' recommendation on the stock of Worldwide Manufacturing USA, Inc., a die-casting, machining parts and electronics products contract manufacturing and services provider with operations in China that is poised for rapid revenues and earnings growth as it continues its transition to direct manufacturing.
"We believe that the Company will achieve significant top-line growth over the next two years and generate fully diluted EPS of $1.25 in FY09. We calculate a 12-month price target of $16.00 for WWMU and a price of $13.00 as its fair price in November 2007. We think that, at a recent price in the range of $5.00-$7.25, it provides a buying opportunity for value-oriented investors."
To receive a complimentary copy of the RedChip Visibility Initial Research Report for Worldwide Manufacturing USA, please visit:
http://www.redchip.com/visibility/about.asp?page=requestwwmu_q3_2007&from=11302007news
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 WWMU. 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. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Worldwide Manufacturing USA, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. WWMU paid RedChip Visibility a monthly fee of $10,000 for investor relations and $15,000 for the RedChip Visibility Research Program, which includes this report.