Wednesday December 1, 10:00 am Eastern Time
Company Press Release
SOURCE: DAG Media, Inc.
Leading Financial Firm Recommends DAG Media as
Smart Stock Buy; Says to Buy at 3-5/16; Price Target
of $7-8 in Next 18 Months
NEW YORK, Dec. 1 /PRNewswire/ -- Wallstreet Research, a prominent Los Angles-based financial institution, recommends
DAG Media, Inc. (Nasdaq: DAGM - news), the leading independent print and online publisher of yellow pages directories, as
a stock to buy, with expected significant price appreciation within the next twelve months. Wallstreet Research believes that
DAG Media has reached its price support level and trades near its lows.
The firm's report recommends buying the stock at 3-5/16 for investors seeking high reward potential with corresponding risk.
Wallstreet Research have targeted the price of $7-8 in the next eighteen months.
Trading on the Nasdaq since May, 1999, DAG Media has established itself as one of the most innovative and fastest-growing
niche-oriented publishers of yellow pages directories. The company is set to publish New Yellow, a print and online
general-interest yellow pages directory that is challenging the monopoly of the Bell Atlantic Yellow Pages in the New York City
market in March, 2000.
The Wallstreet Research report states that the added-goods and services are competitive features that offer an attractive
product compared to Bell Atlantic. New Yellow will publish local directory content and lists thousands of New York
Businesses plus value added data in a user-friendly, organized and attractive format. DAG Media plans to distribute
approximately one million copies of New Yellow.
``We are pleased with Wallstreet's analysis and recommendation,' commented CEO and president Assaf Ran. ``DAG's
success and continuing growth is due to variety of factors including smart, cost-cutting management, an aggressive sales force,
expanded e-commerce activities, and our ability to implement effective market strategies that consistently keep us at pace with
our competitors.'
SOURCE: DAG Media, Inc. |
