Stockreporter issues with a year 2000 price target of $24-30 per share on Preference Technologies, Inc. – PFER (formerly StockUp.com, Inc. - SKUP)
NEW YORK. Preference Technologies™, Inc. (OTC BB: PFER), formerly StockUp.com™, Inc. (SKUP), today received a Research Report from Stockreporter, a leading European financial Internet publication located at www.stockreporter.de. The successful Stockreporter team, which specializes in micro-cap stocks and undervalued companies, is one of the first independent analysts to release an investment opinion on this Internet software firm.
Stockreporter initiated coverage of Preference Technologies with a conservative price target of $24-30 per share for the year 2000, based on the explosive business opportunities presented by the Company’s extensive pipeline of second-generation Internet technologies. With a current stock valuation of roughly $12.00 per share, Stockreporter advises that PFER is substantially undervalued and offers investors superior earnings potential over the short, medium and long term.
"Preference Technologies represents a phenomenal opportunity for investors to profit as the Internet shifts from first-generation information tools to second-generation technologies," said Torsten Prochnow of Stockreporter. "These technologies will offer significant improvements in customization and will increase website traffic and a site’s subscriber base over an extended period of time."
Prochnow explained that Preference Technologies, along with Microsoft Corporation (Nasdaq NM: MSFT), is one of the first to recognize the possibilities presented by the Internet’s second generation. Within the eminent industry shift from first-generation technologies, Stockreporter believes that PFER is extremely well positioned to achieve substantial market penetration in the medium term and revenue growth over the long term. The Company has significant advantages through its targeted focus on the business and financial sectors, with additional products designed for leisure segments such as health, entertainment, sports and travel.
"Investors stand to benefit tremendously in the short term as the Company rolls out two new products later this week, with long-term earnings driven by the fact that the majority of PFER’s technologies now in the pipeline will be launched by year-end," Prochnow continued. "We foresee initial revenues in the fourth quarter of this year, with the second half of 2001 proving to be a blockbuster period for Preference Technologies in terms of market share and financial strength."
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