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Taglich Brothers Initiates Coverage on China 3C Group
| Source: China 3C Group
NEW YORK, NY -- (MARKET WIRE) -- March 12, 2007 -- Taglich Brothers, Inc. announces
it initiated coverage of China 3C Group (OTCBB : CHCG ).
China 3C Group (OTCBB : CHCG ), headquartered in HangZhou City in
China's Zhejiang Province, is a retailer and distributor of consumer
electronic products. The company's retail market, through which it
generates more than half of its revenue, is East China, which it services
through more than 800 stores concentrated mainly in Shanghai and the
neighboring provinces of Jiangsu and Zhejiang. Except for one freestanding
store, all of the company's outlets occupy space on the premises of
supermarkets units.
The complete 17-page report is available at www.taglichbrothers.com.
Taglich Brothers, Inc. is a
full-service broker dealer focused exclusively on microcap companies. The
Company defines the microcap segment of the equity market as companies with
less than $250 million in market capitalization. Taglich Brothers currently
offers institutional and retail brokerage services, investment banking and
comprehensive research coverage to the investment community.
We do not undertake to advise you as to changes in figures or our views.
This is not a solicitation of any order to buy or sell. Taglich Brothers,
Inc. is fully disclosed with its clearing firm, Pershing, LLC, is not a
market maker and does not sell to or buy from customers on a principal
basis. The above statement is the opinion of Taglich Brothers, Inc. and is
not a guarantee that the target price for the stock will be met or that
predicted business results for the company will occur. There may be
instances when fundamental, technical and quantitative opinions contained
in the above-mentioned report are not in concert. We, our affiliates, any
officer, director or stockholder or any member of their families may from
time to time purchase or sell any of the above-mentioned or related
securities. Analysts and members of the Research Department are prohibited
from buying or selling securities issued by the companies that Taglich
Brothers, Inc. has a research relationship with, except if ownership of
such securities was prior to the start of such relationship, then an
Analyst or member of the Research Department may sell such securities after
obtaining expressed written permission from the Director of Research. As of
the date of this report, we, our affiliates, any officer, director or
stockholder, or any member of their families do not have a position in the
stock of China 3C Group. All research issued by Taglich Brothers, Inc. is
based on public information. The company paid a monetary engagement fee of
$21,000 (USD) for the first year of creation and dissemination of research
reports and will pay a monthly monetary fee of $1,750 (USD) to Taglich
Brothers, Inc. for these services after the first year.