ORLANDO, Fla., March 28, 2008 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies Inc., announced that it has dropped research coverage and investor relations services on ZYTO Corporation (Pink Sheets:ZYTC).
RedChip has dropped coverage on ZYTO Corp. until such time the company meets the requirements for trading on the OTC Bulletin Board and until RedChip learns more about the alleged unsolicited text messaging promotions of ZYTC stock.
RedChip is not and will not affiliate with anyone who engages in any investor relations activity that uses false and misleading advertising, including text messaging spam. Furthermore, RedChip will not represent any company who has become a target of this practice in any capacity.
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 concrete, measurable results for its clients through its extensive international market expertise, as well as its comprehensive platform of products and services, which include RedChip Research, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp
Disclosure
The analysts contributing to the equity research 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 the research 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 was a client of the RedChip Companies Inc., and of RedChip Visibility, a division of RedChip Companies. A ZYTC affiliate paid RedChip Visibility $36,000 for the RedChip Visibility Research Program, which included equity research services. RedChip Visibility, a division of RedChip Companies, Inc. was contracted by a third party with the company's consent 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 received a quarterly fee of 45,000 shares of free trading stock. As of March 27, 2008, RedChip is no longer providing any services to ZYTC.
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