NEW YORK, Sept. 14, 2000 (PRIMEZONE) -- 9278 Communications, Inc. (OTCBB:NTSE) today announced coverage of its shares has been initiated with a buy recommendation in an analyst report released by WallStreet Research, a prominent research boutique led by Alan Stone, Managing Director of Alan Stone & Company, LLC. Mr. Stone was formerly an analyst and assistant portfolio manager at Merrill Lynch Asset Management and a securities analyst at Prudential Insurance Company's Capital Markets Group.
WallStreet Research specializes in the microcap and smallcap investment arena, looking for emerging growth companies with strong management; unique or proprietary technology; significant market potential; financial strength; and outstanding long-term earnings growth possibilities. The complete report on 9278 Communications, Inc. is available, together with additional information about WallStreet Research, at www.WallStreetResearch.org.
9278 Communications, Inc., headquartered in New York City, is an emerging regional reseller and distributor of prepaid consumer products, specializing in telecommunications services and technologies. Holding a strong market position in several highly populated metropolitan areas of the Northeast, the Company's current operations focus on marketing and distribution of branded prepaid phone cards produced by various long distance carriers and resellers, as well as private label proprietary prepaid phone cards produced exclusively for 9278. The Company's network, serviced by over 300 independent distributors, presently reaches about 80,000 retail outlets, including newsstands, grocery, discount and convenience stores, as well as other specialty merchants. Trading under the symbol NTSE, 9278 is positioned to capitalize on its success in these growth markets by introducing new products and expanding its niche distribution network.
Forward-looking statements and comments in this press release are made pursuant to safe harbor provisions of the Securities Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the future transactions and enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks and complete financial information are further discussed in periodic reports and registration statements filed by the Companies from time to time with the Securities and Exchange Commission and in the future. The information in the report is not to be construed as an offer to sell, nor a solicitation to purchase any securities referred to herein or elsewhere.