ORLANDO, FL, Aug. 23, 2006 (PRIMEZONE) -- RedChip Independent, a division of RedChip Companies, announced today that they have initiated research on Bovie Medical Corp. (AMEX:BVX).
Patrick Murphy, CFA Level III Candidate, RedChip Research Analyst, wrote in the report:
"With strong and experienced management, a solid existing product offering and exciting potential for its new products, BVX has significant near and long term potential. Our 2006 price target for BVX is $10.50, and we expect any quarterly revenue and earnings surprises will be positive."
To receive a complimentary copy of the RedChip Independent Initial research for BVX, please visit: http://www.redchip.com/independent/subscriber.asp?page=requestbvx.
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. For more information please visit RedChip.com or call 1-800-RedChip.
The RedChip Companies Inc. logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2761
RedChip Independent Research Disclosure
The analysts contributing to this report do not hold any shares of BVX. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. 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, the report should not be construed as advice designed to meet the particular investment needs of any investor. BVX is not a client of RedChip Companies, or any of its affiliates.