ORLANDO, Fla., May 24, 2010 (GLOBE NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, Inc., has initiated coverage on G. Willi-Food International Ltd. (Nasdaq:WILC), a global food company specializing in the development, manufacture, marketing and international distribution of kosher foods.
Aditya Khandekar, CFA, RedChip Research Analyst, reported:
"As the largest mid-tier marketer and distributor of kosher food products in Israel, WILC recognizes that its home market is maturing. The Company is betting on the $12.5 billion U.S. kosher food market to be its growth initiative in 2010 and is actively scouting acquisition targets as well as strategic partnerships to expand its U.S presence."
"The distribution partnerships that WILC is pursuing in the U.S. are critical for success in the U.S. markets. Based on our research, we have identified several major retailers in the U.S. which could become channels for WILC's kosher products."
Khandekar continued: "We are initiating coverage of WILC with a Buy rating and a 12-month price target of $10.00. With steady growth expected in the Company's domestic market and strong growth prospects evident in the U.S. kosher food market, we believe WILC has an opportunity to achieve substantial top line improvement in 2010."
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To learn more about G. Willi-Food International, Ltd. visit http://www.redchip.com/visibility/investor.asp?symbol=WILC
About G. Willi-Food International Ltd.
G. Willi-Food International Ltd. (http://www.willi-food.co.il) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, manufacture, marketing and distribution of over 1,000 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,500 customers in Israel and around the world including large retail and private supermarket chains, wholesalers and institutional consumers. The company's operating divisions include Willi-Food in Israel; Gold Frost, a wholly owned subsidiary who designs, develops and distributes branded kosher, dairy-food products; and Shamir Salads, an Israeli manufacturer and distributor of a broad line of over 400 Mediterranean-style chilled salads.
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 Beijing, China; Paris, France; and Seoul, Korea. 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™, Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences, RedChip Small-Cap TV™, Shareholder Intelligence, Social Media and Blogging Services, Webcasts, and RedChip Radio™. To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/productsandservices.asp.
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Disclosure
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. G. Willi-Food International Ltd. ("WILC") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. WILC agreed to pay RedChip Companies, Inc. a monthly fee of $10,000 in cash for twelve (12) months of RedChip Visibility Program services, which includes the preparation of the equity research report(s) and investor awareness services. The equity research report(s) are prepared for informational purposes only and are paid for by the company portrayed 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. 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 WILC investor-related materials and radio programming. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.