IWM: Sorry guys. NR was a misnomer in this case. The report is below, and I will try and post house positions on the IWM thread so it is clear what I am talking about.
The following update is being sponsored by the Investor Relations Group.
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Company: Infowave Software, Inc.
Symbol: IWM
Exchange: VSE
52 Week Low-High: $0.82 - $3.50
Current Price: $1.900
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INSTITUTIONS INITIATE COVERAGE ON INFOWAVE
Golden Capital Securities Ltd., a full-service, independent brokerage firm,
offering a variety of financial products and services to retail,
institutional and corporate clients, issued a BUY recommendation on
Infowave Software (VSE:IWM) in their January Micro-Cap Tech Stock Report.
In the report, Infowave is selected as one of just two new companies that
meets Golden Capital's criteria for inclusion in their report.
In addition to the Golden Capital report, Yorkton Securities and Canaccord
Capital have also issued BUY recommendations. Both firms state that they
believe the company will significantly outperform their fourth quarter
estimates as sales of Apple Computer's iMac(R) continue to break records and
fuel sales of Infowave's imaging products. A recent survey concluded that
the iMac outsold all other brands in US retail and mail-order sales channels
for the month of December. Analysts estimate that Apple will ship as many
as 535,000 iMac's in the quarter, or almost double the number shipped in
the final six weeks of the previous quarter.
In addition to these analyst reports, Kenneth Coleman of the Investment
Tracker newsletter selected Infowave as one of his small cap picks with the
most potential for 1999 with an immediate BUY up to CN$2.50 and a
one-year target of CN$5.00. Mr. Coleman's criteria includes, "seasoned
management, domination in their product or service sector, sufficient
working capital and achieving minimum 40% annual growth."
>From the end of January through to the middle of March, Infowave's senior
management will be travelling across Canada to meet with members of the
financial community. Cities include: Edmonton, Calgary, Winnipeg,
Toronto, Montreal and Ottawa. If your brokerage firm is interested in
meeting with Infowave's management, please contact Grant Prenevost at
1-800-444-9214 ext. 233.
Copies of these reports may be obtained by emailing irg@invrel.com or
calling 1-800-444-9214.
Investor Relations Group
Phone: (800)444-9214
E-mail: mailto:irg@invrel.com
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This is not an offer to buy or sell securities. Information or opinions in
this report are presented solely for informative purposes, and are not
intended nor should be construed as investment advice. Companies
mentioned herein may carry a high investment risk; readers should
carefully review the company with their investment adviser.
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