ORLANDO, Fla., Jan. 28, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., announced that it has initiated research coverage on ZYTO Corporation (Pink Sheets:ZYTC), a biotechnology company that combines biology with technology and concepts of quantum science to enable computers to communicate with the human body and mind.
RedChip Research Analyst Suman Preet Kaur, MBS, has issued a "Speculative Buy" rating for the company. She wrote in the report:
"We initiate coverage of ZYTO with a 12-month target price of $3.00. The price target is derived by using a 25x multiple to our FY 2008 sales estimate of $0.12 per share, as we believe there is room for further multiple expansion. ZYTO is expected to benefit from its growing, strategic alliance agreements as well as introduction of new applications and products over the next couple of years. Expansion into China and a booming market will further bolster sales of ZYTO products and add to the Company's revenue base."
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http://www.redchip.com/visibility/about.asp?page=vreport&reportid=84&from=01282008news
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Disclosure
The analysts contributing to this report do not hold any shares of ZYTC. 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. The research report is based on data obtained from sources we believe to be reliable but is not guaranteed as to accuracy and is not purported to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. ZYTC is a client of the RedChip Companies Inc., and of RedChip Visibility, a division of RedChip Companies. ZYTC paid RedChip Visibility $36,000 for the RedChip Visibility Research Program, which includes this report. RedChip Visibility, a division of RedChip Companies, Inc., has been contracted by ZYTC to increase investor awareness of ZYTC to the small-cap equity community. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that the RedChip Companies Inc. is an investor relations firm hired by the Company and receives a quarterly fee of 45,000 shares of free trading stock.