ORLANDO, Fla., Feb. 11, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc. today announced that it has dropped research coverage on Mizati Luxury Alloy Wheels Inc. (Pink Sheets:MZTI).
RedChip Companies' initial and recent "Buy" rating and 12-month target price of $1.73 are no longer active.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 Mizati Luxury Alloy Wheels, Inc.
Mizati is an innovative, fast-growing designer and distributor of custom luxury alloy wheels. The company operates in the $2.6 billion wheels, tires, and suspension segment of the Specialty Automotive Equipment market. Mizati wheels come in three lines suitable for cars, trucks, and sport utilities, each line consisting of a variety of different styles.
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
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Disclosure
The analysts contributing to the MZTI report do not hold any shares of MZTI. 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. Any opinions expressed therein are subject to change. MZTI paid RedChip Visibility a monthly fee of $10,000 for investor relations and $36,000 for the RedChip Visibility Research Program, which included the equity research report.