NEW YORK, April 22, 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 commenced analytical coverage of Riverside, Miss.-based Innovative Software, with a strong buy rating and a 12-month target of $6. Innovative, with shares traded on the OTC Bulletin Board under the ticker INIV.OB and on the Berlin Stock Exchange, is a specialist in the distribution of business-to-business and business-to-consumer informational software solutions and consulting services.
Full details of our analysis are available through the Breaking News section of our Web site (www.worldcapmarkets.com).
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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.