NEW YORK, June 6, 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 Pasadena, Calif.-based EUPA International Corporation with a buy rating and an intermediate-term price target of $9. EUPA International has shares traded on the Over-the-Counter Bulletin Board under the ticker EUPA.OB.
The company, through its subsidiary, Tsann Kuen USA Incorporated, has been the United States market research, design, supply and sales arm of Tsann Kuen Enterprise Company. The firm manufactures such products that include the grilling line of George Foreman barbecues.
Full details of the analysis will be published prior to June 10 market trading under the Investment Research section of World's Internet site at (www.worldcapmarkets.com).
Safe Harbor Statement:
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 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.