ORLANDO, Fla., March 12, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., today announced it has dropped research coverage on Orsus Xelent Technologies Inc. (AMEX:ORS).
RedChip Companies' initial rating of "Strong Buy" and a target price of $5.25 and recent rating of "Buy" and target price of $5.04 are no longer active. For further information on RedChip Companies' dropping coverage policy, please visit: http://www.redchip.com/independent/redchipresearch.asp?show=dropped.
RedChip Companies initiated research coverage on Orsus Xelent Technologies under its Visibility Research Program on December 4, 2006. RedChip moved Orsus to coverage under its Independent Research index on November 26, 2007.
About Orsus Xelent Technologies, Inc.
Orsus Xelent Technologies, Inc., is an emerging designer and manufacturer of award-winning mobile phones for the Asian market. The Company's business encompasses the design of mobile phones, related digital circuits, and software development, and it is a recognized pioneer in mobile phone integration technology. It maintains more than 179 service call centers across the People's Republic of China, with additional offices in New York, Shanghai, Hong Kong, Shenzhen, and Tianjin.
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 TV(tm), 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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RedChip Visibility Research Disclosure
Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. None of the profiles issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security or that any security is suitable for any investor. Any investor should determine whether a particular security is suitable based on the investor's objectives, other securities holdings, financial situation needs, and tax status. Orsus Xelent Technologies, Inc., paid RedChip Visibility, a division of RedChip Companies, Inc., $34,000 for RedChip Visibility Program services, which included the equity research report.
To the fullest extent permissible under applicable law, RedChip Companies, Inc., will not be liable to you or anyone else for the quality, accuracy, completeness, reliability, or timeliness of this information. To the fullest extent permitted by law, RedChip Companies, Inc., will not be liable to you or anyone else under any tort, contract, negligence, strict negligence, strict liability, products liability, or other theory with respect to this presentation of information.