NEW YORK, Dec. 23, 2005 (PRIMEZONE) -- Crystal Research Associates, LLC announced today that it has issued an Executive Informational Overview(r) (EIO(r)) on Andover, Massachusetts-based NaviSite, Inc. (Nasdaq:NAVI). The full 52-page report can be found at www.crystalra.com, or on NaviSite's Web site, www.navisite.com.
NaviSite, Inc. provides information technology ("IT") hosting, outsourcing, and professional services for mid-sized to large organizations. As an IT outsourcer, NaviSite's service offerings allow its customers to outsource complete business solutions or choose from a broad range of managed and professional services to selectively outsource specific tasks. The Company is dedicated to delivering quality services and meeting rigorous standards, including SAS 70, Microsoft Gold, and Oracle Certified Partner certifications. NaviSite utilizes its application services platform, NaviView(tm), to enable software to be delivered in an on-demand format over the Internet, providing an alternative delivery model ("Software as a Service" or "SaaS") to the traditional licensed software model. As a Software as a Service platform provider for an increasing number of independent software vendors (ISVs), NaviSite facilitates on-demand access to more solutions and services for its growing customer base.
NaviSite, Inc. is listed on the Nasdaq Capital Market under the symbol NAVI.
About Crystal Research Associates, LLC
Crystal Research Associates, LLC is an independent research firm that provides institutional-quality, fee-based research to small- and mid-cap companies. The Company's unique and novel product, the Executive Informational Overview(r) (EIO(r)), is free of investment ratings, target prices, and forward-looking financial models. The EIO(r) presents a crystal-clear, detailed report on a company (whether public or private) in a manner that is easily understood by the Wall Street financial community. The EIO(r) details a company's product/technology/service offerings, market size(s), key intellectual property (IP), leadership, growth strategy, competition, risks, audited financial statements, key events and other such fundamental information. Crystal Research Associates has offices in New York City, Delray Beach, Montreal, and Toronto. Crystal Research Associates has been compensated by NaviSite in cash of $35,000. Please see back of report for complete Company disclosures.
Forward-Looking Safe Harbor Statement
To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties. Crystal Research Associates, LLC assumes no obligation to update any of the forward-looking statements in this release.