ORLANDO, Fla., Jan. 12, 2010 (GLOBE NEWSWIRE) -- RedChip Visibility(TM), a division of RedChip Companies, Inc. (http://www.RedChip.com), today announced the 2009 year-end performance of the RedChip Visibility Research Index, comprising high-growth, small-cap stocks under research coverage.
For 2009, the annual return for the RedChip Visibility Research Index was 199.51%. The index is an equal-dollar weighted index designed to measure the performance of small-capitalization companies in a broad range of industries.
The RedChip Visibility Research Index vastly outperformed the 2009 annual returns of many major benchmark indices, including the Dow Jones Industrial Average, up 19.61%; S&P 500, up 24.26%; NASDAQ, up 44.82%; and the Russell 2000, up 26.82%.
The RedChip Visibility Research Index includes stocks in diverse sectors such as Longwei Petroleum Investment Holding Ltd. (OTCBB:LPIH), a leading oil and fuel wholesaler and distributor operating in Shanxi Province, China; L&L Energy Inc (OTCBB:LLEN), a U.S.-based coal operator; ZAGG Incorporated (Nasdaq:ZAGG), a leading producer of mobile electronics accessories; Worldwide Energy and Manufacturing USA, Inc. (OTCBB:WEMU), an engineering firm specializing in international manufacturing for electronics, mechanical, fiber optic products, and solar modules; Alter NRG Corp. (TSX:NRG) (OTCQX:ANRGF), a company providing technology and services to facilitate gasification of coal, household and industrial waste, and biomass; NovaGold Resources Inc. (TSX:NG) (NYSE Amex:NG), a company focused on precious metals mining and exploration in North America; China Education Alliance Inc. (NYSE Amex:CEU), a China-based education resource and services company; and Bridgeline Software, Inc. (Nasdaq:BLSW), a developer of SaaS-based web application management software.
RedChip's analysts rigorously screen small-cap ideas and provide in-depth analysis of the companies that meet RedChip's criteria for performance, growth potential and financial fitness. Often, RedChip follows companies that have no other equity research coverage due to Wall Street's single-minded focus on large-cap corporations and its pursuit of investment banking opportunities.
To learn more about RedChip Visibility(TM) Research visit http://www.redchip.com/research/researchmain.asp?page=visibility or call 1-800-REDCHIP (733-2447).
To subscribe to the free weekly newsletter and receive free research reports on small-cap equities visit www.RedChip.com
About RedChip Companies, Inc.
For over 17 years, RedChip Companies has been a trusted source of independent small-cap equity research and information. Dedicated to "Discovering Tomorrow's Blue Chips Today"(TM), its analysts seek out up-and-coming and undiscovered small-cap companies before they show up on Wall Street's radar screen. Each company under research coverage is assigned a 12-month price target and investment rating: Strong Buy, Buy, Speculative Buy, Hold or Sell. In addition to the analyst reports, RedChip.com also offers feature stories covering market conditions, analyst blogs, and instant news alerts on small-cap companies.
The RedChip Companies, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=2761
Disclosure:
The analyst(s) has not received any compensation from the companies comprising the RedChip Visibility(TM) Research Index. The analyst(s) contributing to the reports issued by RedChip Visibility do not hold any shares of the subject securities. Each 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, neither the information nor any opinion expressed constitutes an offer, or an invitation to make or garner an offer, to buy or sell any securities or any options, futures, or other derivatives related to such securities ("related investments"). The companies mentioned in this release are clients of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. RedChip Companies, Inc., is currently engaged by this company 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 investor-related materials and radio programming. For full disclosures for each of the companies mentioned in the release visit http://www.redchip.com/disclosures.asp?src=rcv . RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein. RedChip's website and publications are furnished on the condition that it will not form a primary basis for any investment decision.