ORLANDO, Fla., Feb. 6, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc. today announced that it has dropped research coverage on Knight Energy Corporation (Pink Sheets:KNEC).
RedChip Companies' initial rating of a "Speculative Buy" and a target price of $4.50 and a recent rating of "Speculative Buy" and a target price of $4.50 are no longer active. For further information on RedChip Companies, our "rating" system, and our dropping coverage policy, please visit www.redchip.com and review any and all pertinent policies and disclosures.
About Knight Energy Corporation
Knight Energy Corp. was formed in March 2006 for the purpose of operating and developing energy related businesses and assets. Shortly thereafter, Knight acquired an independent oil and gas services company, Charles Hill Drilling, Inc., which owned a 100% working interest in a 160-acre oil and gas lease in Stephens County, Texas, a drilling rig and other oil and gas equipment. The Company is currently reviewing further acquisitions and investments in the oil and gas industry as well as other energy related businesses and assets. Additional information can be found by visiting Knight's website at www.knightenergycorp.com.
About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, RedChip Radio(tm) and RedChip Visibility Research Program services. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
"Discovering Tomorrow's Blue Chips Today"(tm)
Disclosure
The analysts contributing to KNEC equity research reports do not hold any shares of KNEC. Additionally, the analysts contributing to these reports 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 reports. These reports are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the reports should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed therein are subject to change. RedChip Visibility, a division of RedChip Companies, received a cash fee of $22,000 for the RedChip Visibility Research program, which included the equity research reports.