ORLANDO, Fla., Nov. 2, 2009 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., has initiated coverage on American Lorain Corporation (NYSE Amex:ALN), an international processed foods company based in China.
Aditya Khandekar, CFA, RedChip Research Analyst, reported:
"American Lorain enjoys a leadership position in the fragmented Chinese chestnut market with approximately 8.5% market share by product volume. A number of patented chestnut products and the Company's ability to innovate and introduce new products quickly to the market have kept it ahead of its competition.
"The Company has achieved robust growth in the last three years and we expect the Company's recent penetration into the convenience foods market to drive future growth."
Khandekar continued: "We are initiating coverage of American Lorain with a 'Buy' rating and 12-month price target of $4.50 based on: 1) its market leading position in Chestnut products in the rapidly expanding Chinese market, 2) a vast distribution network, and 3) the Company's successful diversification into the non-seasonal convenience foods market."
To receive a complimentary copy of the RedChip Visibility Initial Research Report for ALN, please visit: http://www.redchip.com/about/aboutmain.asp?page=vreport&reportid=196&from=pr11022009
To learn more about American Lorain Corporation, visit http://www.redchip.com/visibility/investor.asp?symbol=ALN
About American Lorain Corporation
American Lorain Corporation is a Delaware corporation that develops, manufactures and sells various food products. The Company's products include chestnut products; convenience foods products (including ready-to-cook foods, ready-to-eat foods, and meals-ready-to-eat); and frozen, canned and bulk foods products. The company currently sells over 234 products to 26 provinces and administrative regions in China as well as to 42 foreign countries. The Company operates through its four direct and indirect subsidiaries and one leased factory located in China. For more information about American Lorain, please visit our website at http://www.americanlorain.com.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and financial public relations firm headquartered in Orlando, Florida; with affiliate offices in Paris and Qingdao, China. RedChip delivers concrete, measurable results for its clients through its extensive national and international network of small-cap institutional and retail investors. RedChip has developed the most comprehensive platform of products and services for small-cap companies, including: RedChip Research(TM), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV(TM), Social Media Services, and RedChip Radio(TM). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Disclosure
The analysts contributing to this report do not hold any shares of American Lorain Corporation ("ALN"). 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. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by ALN to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. These services may include investor conferences, digital and print distribution of ALN investor-related materials, investor road shows, and radio programming. ALN agreed to pay RedChip Companies, Inc. a monthly fee of $6,500 in cash and 15,000 shares of Rule 144 common stock for the first four (4) months of these investor relations services and to pay an additional 15,000 shares of Rule 144 common stock for each three-month period of service thereafter for a total of sixteen (16) months of service under the RedChip Visibility Program. RedChip Visibility Program services, which include the preparation of the equity research report(s). The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but their accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.