SALT LAKE CITY, Aug. 3, 2012 (GLOBE NEWSWIRE) -- Zippy Bags Inc. (OTCBB:ZPPB) announced today that Grass Roots Research and Distribution, Inc. (www.grassrootsrd.com), the Investor Awareness Industry's Research Firm of Choice, has initiated research coverage on Zippy Bags, Inc., a development stage hybrid bag provider for sports equipment protection. The report was issued at a price of $0.38 with a target price of $1.76.
The Grass Roots report stated Zippy Bags, Inc. is capitalizing on its opportunity provided by the niche market of snowboard and bicycle accessories. The Company is a designer and manufacturer of gear enclosure bags for sport equipment. Zippy markets Zippy Snowboard Bag which is a multi-purpose bag with high usability. With the snowboarding industry witnessing increased participation in the US with most of the contribution coming from higher income groups, demand for snowboard accessories are set to significantly increase. Zippy Bags is currently well positioned to provide high quality snowboard bags at competitive pricing. The bicycling industry also provides the company with a large market for its bicycling products – The Zippy Bike Sac and The Zippy Wheel Sac. Grass Roots Research believes ZPPB provides an enticing investment opportunity.
About Grass Roots Research and Distribution, Inc. (www.grassrootsrd.com)
The Grass Roots Research and Cohen Research brand names are the worldwide Gold Standard for micro-cap/small cap research. Grass Roots has raised the art of fundamental securities research by forecasting the three statements and valuing all of its companies in three cases over a 5 year time period. Grass Roots distributes in-depth stock market research reports that highlight the company's market opportunity, technology, management, competition and other key differentiators that may affect their short and long term valuation.
About Zippy Bags, Inc.
Zippy Bags™ manufactures specialty snowboard, cycling, and outdoor athletic bags. We feature innovative multi-functional products with breakthrough designs. As avid powder hounds, we refused to accept the status quo. We sought out to create new products that are as rugged and practical as they are good looking. From that came the world's first patented protective gear that is unlike anything else in the industry. Out of passion and vision for the sports, along with commitment to excellence, we introduced our line of products that offer real solutions for everyday use. We offer durable, high quality and great performing hybrid snowboard bags, exclusively designed to meet the needs of hard-core snowboarders with features and value not found anywhere else. We are proud that all of our products are hand crafted in the U.S.A. When it comes to sick protective gear, Zippy Bags™ reigns supreme.
Cautionary Information Regarding Forward-Looking Statements:
Included in this news release and other information that the Company makes publicly available from time to time are forward-looking management comments and other statements that reflect management's current outlook for future periods. These statements include, among others, statements regarding the anticipated benefits from the development, production, or acquisition of new projects as well as anticipated revenue from other sources and which may be critical to the overall revenue and profits of the Company.
These statements and expectations are based on currently available competitive, financial and economic data along with the Company's operating plans, and are subject to future events and uncertainties that could cause anticipated events not to occur or actual results to differ materially from historical or anticipated results. Among the events or uncertainties which could adversely affect future periods are: changes in legal contingencies, the concentration of the Company's capital stock ownership etc. The forward-looking statements in this news release should be read in conjunction with the more detailed descriptions of the risk factors located in the Company's Registration Statement filed with the United States Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements contained in this release as a result of new information or future events or developments.