RedChip Independent Issues 4Q 2007 Research Update On Greenfield Online


ORLANDO, Fla., April 10, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., has issued a 4Q 2007 research update for Greenfield Online, Inc. (Nasdaq:SRVY), an independent provider of Internet survey solutions to the global marketing research industry.

Richa Kalia, MA, RedChip Research Analyst, wrote in the report:

"SRVY reported solid 4Q07 and full-year 2007 results with both revenue and EPS exceeding our expectations. SRVY continues its growth momentum, owing to expanding geographical footprints in the Asia-Pacific region, new initiatives in B2B surveys, the launch of a new product basket, and enhanced operational efficiency. In addition, we expect SRVY will benefit from the launch of its higher-margin comparison shopping business in the United States."

"Recently, management disclosed that it could face costs relating to a lawsuit in 1Q08 in the range of $200,000 - $250,000 and a one-time audit committee investigation cost of $3.0 million to $3.5 million. We believe the cost will adversely impact 1Q08 EPS and will have a spillover effect for the remaining fiscal year."

"We continue to maintain our 'Hold' rating," Kalia concluded.

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 version of this report, subscribe to RedChip's Research Community online by visiting http://www.redchip.com/research/Researchmain.asp or call 1-800-REDCHIP.

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Disclosure:

The views expressed in this report, (including the actual rating assigned to the company as well as the analytical substance and tone), 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 is not purported to be complete. 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.



            

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