SEE WHAT I MEAN? SCAM->ACCESS 1 FINANCIAL ISSUES 'STRONG BUY' RECOMMENDATION WITH $12 SIX-MONTH TARGET ON HYPERDYNAMICS CORP
Story Filed: Thursday, February 17, 2000 9:01 AM EST
HOUSTON, Feb 17, 2000 /PRNewswire via COMTEX/ -- HyperDynamics Corp. (OTC Bulletin Board: HYPD), the premier ITSP (Information Technology Service Provider), today announced that coverage of the Company by California-based Access 1 Financial was initiated with a strong buy recommendation and a 6-month price target of $12 per share.
The initial coverage of HyperDynamics Corp. by Access 1 Financial noted, "HyperDynamics is the market leader in the Information Technology Service Provider industry. The Company was a forerunner in providing complete information technology hosting. While other competitive companies have concentrated solely on conventional IT services and e-commerce, HyperDynamics has positioned itself to be the first to provide complete, off-site, or virtual, Information Technology departments."
The report also considered that, "HyperDynamics' subsidiary, ITHost.net Corporation, provides a unique IT alternative developed exclusively for small and medium sized businesses. The Company allows these consumer-businesses to out source all of their Information Technology needs. This relieves the client company of the numerous costs associated with the housing and upkeep of onsite Information Technology solutions. Additionally, by possessing a virtual IT department located physically at a HyperDynamics facility, the consumer-business will receive IT support from trained professionals with constant system maintenance and supervision. The Company's end-to-end virtual hosting provides businesses with the best, low-cost option that will keep them technologically viable."
For a complete copy of the 9 page buy recommendation on HyperDynamics Corporation, please contact Access 1 directly at (310) 581-7997.
HyperDynamics is a premier ITSP that maximizes its clients' return on their investment. Through IThost.net Corp., its wholly owned subsidiary, HyperDynamics provides conventional IT services, migration services from conventional ways of doing business to eBusiness, and complete IT hosting services providing a turnkey answer for its clients' complete IT requirements on an improving cost/benefit basis. Through an aggressive acquisition strategy, the company continually builds and enhances its IT capabilities by focusing on technically talented entrepreneurs who are experienced in running profitable IT service operations.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
SOURCE HyperDynamics Corp. (C) 2000 PR Newswire. All rights reserved. prnewswire.com
CONTACT: Mike Watts of HyperDynamics Corp., 713-660-9771
(HYPD)
GEOGRAPHY: Texas
INDUSTRY CODE: CPR FIN SUBJECT CODE: RTG OTC
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