HERMAN, ALEXIS & CO., INC. INITIATES COVERAGE OF AMERICAN CHAMPION
ENTERTAINMENT, INC.
HERMAN, ALEXIS & CO., INC. INITIATES COVERAGE OF AMERICAN CHAMPION
ENTERTAINMENT, INC.
LOS ANGELES, Nov 30, 1999 /PRNewswire via COMTEX/ -- Herman, Alexis &
Co., Inc., CRD number 36755, today announced it has initiated coverage
of American Champion Entertainment, Inc. (Nasdaq: ACEI):
Herman, Alexis & Co., Los Angeles, said American Champion,
headquartered in San Jose, Calif., "is producing quality programming
for the fastest growing entertainment niches, a strength may not be
reflected in the stock's current price." American Champion
Entertainment is the creator, developer and producer of the Emmy-Award
winning children's show, Adventures With Kanga Roddy, which is aimed at
children three to eight. The program teaches youngsters to deal with
specific social issues.
Initiation of analyst coverage was predicated based on:
-- Football greats Joe Montana and Ronnie Lott are executive producers of
the show and their wives star on the program. This draws extra
interest and all four of these well-known people are strong public
advocates for quality children's programming that sets high standards
for its content and characters.
-- American Champion Entertainment has signed two licensing agreements
with U.S. toy producers to manufacture and market plush Kanga Roddy
toys. These will be sold, along with videos, T-shirts, watches and key
rings in retail stores and on the Company's new e-commerce Web site.
-- The Company has hired leading industry experts to direct its production
and licensing activities. It also has formed significant strategic
relationships with distribution companies, television broadcasters and
others to enhance the potentials of its projects.
-- The Company has opened its business into the vastly untapped Chinese
market with its intended acquisition of the Great Wall International
Sports Media Company of Beijing.
"We believe that the Company's management team has demonstrated its
willingness to reach far and beyond the U.S. domestic market," Herman,
Alexis & Co. said. "We believe American Champion Entertainment deserves
to be followed closely as this young company progresses."
A copy of the analyst report is available by contacting Herman, Alexis
& Co., Inc. at www.hermanalexis.com.
Herman, Alexis & Co., Inc. is a member of NASD, SIPC, and is a
registered U.S. Broker-Dealer. Readers are advised that this analyst
report is issued solely for informational purposes and is not to be
construed as an offer to sell or the solicitation of an offer to buy.
The information contained herein is based on sources which we believe
to be reliable but is not guaranteed by us as being accurate and does
not purport to be a complete statement or summary of the available
data. Any opinions expressed herein are statements of our judgment as
of the date of publication and are subject to change without notice.
The firm, its officers, directors, employees, and customers may have a
position, long or short, in the securities referred to herein, and
other related securities, and from time to time may increase or
decrease such positions. The firm may from time to time perform
investment banking, corporate finance, provide services for, and
solicit investment banking, corporate finance, or other business from
the issuers of such securities for a fee. Potential investors should
undertake a prudent level of due diligence prior to making an
investment in the securities for a complete understanding of risks and
uncertainties. The document contained herein stated should not be
copied or reproduced in any form without the expressed written and
authorized consent of Herman, Alexis & Co., Inc.
SOURCE Herman, Alexis & Co., Inc.
(C) 1999 PR Newswire. All rights reserved.
prnewswire.com
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CONTACT: Cherron Naiper of Herman, Alexis & Co., Inc., 213-386-1060
WEB PAGE: hermanalexis.com
GEOGRAPHY: California
INDUSTRY CODE: ENT
FIN
SUBJECT CODE: RTG |
