NEW YORK, May 16, 2002 (PRIMEZONE) -- World Financial Capital Markets, an investment boutique specializing in the underwriting of public and privately held securities, is pleased to announce that it has upgraded its analytical coverage of Yorba Linda, Calif.-based netGuru, to a strong buy rating and now foresees the stock hitting $8 within a short-term time frame. netGuru, with shares traded on the Nasdaq National Market under the ticker NGRU, is an integrated Internet and information technology and services concern.
Full details of our analysis will be available through the Breaking News section of our Web site (www.worldcapmarkets.com) on Friday.
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Except for historical information contained herein, are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results in the future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product volatility, product demand, market competition and risk inherent in the companies operations. Information herein contains or incorporates by reference "forward-looking statements," including certain information with respect to plans and strategies of the featured company.
About World Financial Capital Markets
World Financial Capital Markets Inc. is a New York-based investment boutique and chartered member of the National Association of Securities Dealers and Securities Investor Protection Corporation. The firm's main goal has been to engage in the business of investment banking, analytical research, underwriting and broaden its horizon from retail brokerage clients towards institutional clientele.