ORLANDO, Fla., March 19, 2008 (PRIME NEWSWIRE) -- RedChip Independent, a division of RedChip Companies, Inc., today announced that it has dropped research coverage on LJ International Inc. (Nasdaq:JADE).
RedChip Companies' initial rating of "Buy" and target price of $4.90, its January 2007 rating of "Buy" and target price of $5.60, and recent rating of "Hold" with target price withheld are no longer active. For further information on RedChip Companies, our "rating" system and our dropping coverage policy, please visit http://www.redchip.com/independent/redchipresearch.asp?show=dropped and review any and all pertinent policies and disclosures.
About LJ International, Inc.
LJ International, Inc., incorporated in 1997, designs, manufactures and sells precious and semiprecious gemstones and diamond jewelry. The company also offers high-end pieces set in yellow gold, white gold, platinum and sterling silver. The company markets its jewelry primarily under the Lorenzo brand to retailers in Europe and North America.
About RedChip Independent(tm)
RedChip Companies, Inc., is a well-established source of independent research and information on the small-cap market. Dedicated to "Discovering Tomorrow's Blue Chips Today,"(tm) its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. To view the full versions of RedChip Independent equity research reports, subscribe to RedChip's Research Community online by visiting http://www.redchip.com/visibility/redchipResearchNEW.asp or call 1-800-REDCHIP.
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RedChip Independent Research Disclosure
The views expressed in this report and/or any and all other reports associated hereto (which includes the actual rating assigned to the company as well as the analytical substance and tone of the report) accurately reflect the personal views of the analyst(s) covering the subject securities. No part of the analyst's compensation was, is, or will be directly or indirectly related to the specific recommendations or views contained in this research report. The analyst(s) contributing to this report do not hold any shares of the subject securities. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and does not purport to be complete. As such, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures or other derivatives related to such securities ("related investments"). This publication was furnished on the condition that it will not form a primary basis for any investment decision. Each investor must make their own determination of the appropriateness of an investment in any securities referred to herein based on the legal, tax, and accounting considerations applicable to such investor and their own investment strategy. Any opinions expressed herein are subject to change. The subject security is not a client of RedChip Companies, Inc., or any of its affiliates.