RCG Research Announces Investment Opinion on Boystoys.com, Inc.
RCG Research Announces Investment Opinion on Boystoys.com, Inc.
SAN FRANCISCO (Jan. 28) BUSINESS WIRE -Jan. 28, 1999--
RCG Research Initiates Coverage of Boystoys.com, Inc.
RCG Research today announced that they are initiating coverage of
Boystoys.com, Inc. (OTC BB:GRLZ) with a speculative buy rating and a 12
month operational price target of $7-$9.
Boystoys.com is a developmental stage company that plans to become the
premier provider of online advanced adult media, as well as an operator
of upscale gentleman's clubs across the U.S.A. Boystoys.com trades on
the OTC Bulletin Board under the symbol GRLZ.
Boystoys.com plans to capitalize on two very large market segments. The
first, gentleman's clubs, is estimated to consist of approximately
2,000 clubs in the U.S. that produce over $5 billion in total annual
revenues. The company plans to fill a niche that it has identified as a
new class of upscale club complete with entertainment, food & beverage,
and membership.
The company will leverage the entertainment that it provides in its
clubs to provide advanced media content to the nearly 60,000 adult Web
sites that have emerged on the Internet. Their portal, located at
www.boystoys.com, will provide a gateway to thousands of related adult
sites, live streaming video photography, and links to owners and
operators of existing adult sites. Revenues generated by adult Web
sites accounted for over 60% of all electronic commerce (e-commerce) in
the past year.
RCG Research is an independent equity research firm that specializes in
coverage of micro-capitalized companies. They are located in San
Francisco.
Statements regarding financial matters in this press release other than
historical facts are "forward-looking statements" within the meaning of
section 27 A of the Securities Act of 1933, Section 21 E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Securities Litigation Reform Act of 1995. The company intends
that such statements about the company's future expectations, including
future revenues and earnings, and all other forward-looking statements
be subject to the safe harbors created thereby. Since these statements
(future operational results and sales) involve risks and uncertainties
and are subject to change at any time, the company's actual results may
differ materially from expected results.
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CONTACT: RCG Research, San Francisco
Douglas Rogers, 415/793-6663
doug@managesource.com
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