Investors Research Institute, Inc. Announces PAR Initiates Quarterly Professional Analyst Coverage for Remington-Hall Capital Corp
NEW YORK--(BUSINESS WIRE)--Sept. 1, 1998--The non-profit Investors Research Institute, Inc., has announced that a professional analyst qualified in its unique Public Analysis & Review (PAR) program will initiate coverage of Remington-Hall Capital Corp. (OTCBB:REMH), beginning immediately, joining previous announcements of coverage for ALYA International (OTCBB:ALYA), Mortgage Bankers Holding Corporation (OTCBB:MBHC) and LifeOne, Inc. (OTCBB:NAAC).
The initial report is expected to be issued within a few weeks, and afterwards REMH will be followed on a quarterly basis after the issuance of each earnings report.
Remington-Hall Capital Corp., which announced it will file its initial 10SB shortly, is a diversified real estate investment company specializing in multi-family and mid-rise commercial office building acquisitions through merger and debt restructuring. The company aggressively pursues unique investment opportunities in steeply undervalued assets due to previous owner mismanagement or undercapitalization. The CEO is Douglas Fonteno.
To meet the "scrutiny" requirement to display the "Seal of Best Practices in Investor Relations", public company enrollees must demonstrate third-party coverage. Because such coverage has not been readily available, the Institute's board authorized the creation of the PAR program to compensate for the lack of analysts covering small-cap equities. REMH is a provisional "Elite" member of the "Seal" program. Full status will be accorded upon the successful completion of a third-party analyst report.
Nine wirehouse-quality analysts are currently qualified in the PAR program, whose reports are issued completely independent of both the Institute and covered public companies. The PAR program is administered for IRI by IRI, Inc. (IRIK), a public company in registration. The analyst to be assigned to REMH is expected to be announced next week.
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