SALT LAKE CITY, Aug. 12, 2010 (GLOBE NEWSWIRE) -- Sport Endurance, Inc (OTCBB:SENZ), a health & dietary supplement company, has been described in a recently issued analyst research report, prepared by Pax Adamas Equity Research, as having significant upside market valuation potential with a near term relative valuation of $1.50, which is more than three times its current value.
Pax Adamas Equity Research's emerging growth analyst provides a detailed overview of the Company's three gel-cap products, including its next generation, industry changing '8-Hour Energy Boost Gel Cap', its 'Creatine Supplement Gel Cap', and its 'Sleep-Aid Gel Cap'.
The analyst justifies his valuation estimates by pointing to SENZ's aggressive marketing and distribution program scheduled to place SENZ gel cap supplement products at approximately 100,000 retail locations nationwide over the next 12 months.
A complete copy of the Pax Adamas Equity Research Report is available on the Company's website: http://www.sportenduranceinc.com/pax-report
Robert Timothy, the CEO of Sport Endurance said, "The Company engaged Pax Adamas Equity Research as an independent research firm to provide shareholders with an assessment of the currently unrealized value of their Sport Endurance, Inc. stock ownership, and to prepare a thorough analysis of the Company, and its moving forward plans."
Mr. Timothy continued, "While we have engaged and paid for the analyst report, we have not requested the analyst modify any of the information in his report. We have not influenced this report. A reading of the entire report, on the Company website will provide a more detailed snapshot into the future marketing and distribution plans of the Company, and how we plan to make a major impact in the health supplement field."
Report Highlights: At this time, Pax Adamas Equity Research finds the risk-reward equation for SENZ to be very compelling. Based upon the Company now being at an advanced stage of its development cycle, entering the deployment stage with the successful launch of phase one of its marketing and distribution program we believe SENZ has the potential to quickly gain market share in the niche markets it is focusing on. The aggressive distribution and marketing program will give the Company's product nearly instant exposure on a national scale, beginning with the completion of the placement of its products at approximately 35,000 retail locations in the U.S. by November 1. We believe this is possible mainly due to the nature of the energy drink and sports nutrition supplement market that has evolved so quickly, from large 20oz canned drinks to the very popular 5 hour energy shot product – the gel cap version of these products is the most logical next step. Should indications prove positive from the current program, it would not be unreasonable to expect a market valuation in the $100++ million range.
Given today's $23.5 million market cap, we certainly see a positive risk-reward scenario that has the potential to sustain double digit revenue and earnings growth for quite some time.
Sport Endurance, Inc. manufactures, markets, and distributes quality dietary supplements products throughout the United States.
Safe Harbor Disclaimer
This material includes forward-looking statements based on management's Current reasonable business expectations. In this document, the words "can," "anticipates,", "believes" and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future