ORLANDO, Fla., April 7, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., today announced that it has dropped research coverage on Jesup & Lamont, Inc. (AMEX:JLI).
RedChip Companies' initial rating of "Buy" and target price of $4.50, later ratings of "Buy" and target prices of $4.50 and recent rating of "Buy" and target price of $2.20 are no longer active. For further information on RedChip Companies, our rating system and our dropping coverage policy, please visit http://www.redchip.com/independent/redchipresearch.asp?show=dropped and review any and all pertinent policies and disclosures.
About Jesup & Lamont, Inc.
Formerly known as Empire Financial Holdings, Inc., Jesup & Lamont is a full-service brokerage and investment banking firm specializing in institutional, retail sales, trading services and equity research.
About RedChip Independent(tm)
RedChip Companies, Inc., is a well-established source of independent research and information on the small-cap market. Dedicated to "Discovering Tomorrow's Blue Chips Today,"(tm) its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. To view the full versions of RedChip Independent equity research reports, subscribe to RedChip's Research Community online by visiting http://www.redchip.com/visibility/redchipResearchNEW.asp or call 1-800-REDCHIP.
The RedChip Companies Inc. logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=2761
RedChip Independent Research Disclosure
The views expressed in this report and/or any and all other reports associated hereto (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report) accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of the subject securities. 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, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities ("related investments"). This publication was furnished on the condition that it will not form a primary basis for any investment decision. Each investor must make their own determination of the appropriateness of an investment in any securities referred to herein based on the legal, tax, and accounting considerations applicable to such investor and their own investment strategy. Any opinions expressed herein are subject to change. The subject security is not a client of RedChip Companies, Inc., or any of its affiliates.