Bridge Technology Group LLC Announces Investment Opinion On ACTV
Bridge Technology Group LLC Comments On ACTV Following Recent Events; Raises Price Target to $32-35 Per Share
NEW YORK--(BUSINESS WIRE)--May 17, 1999-- Visit Bridge's Web Site at www.BridgeNYC.com for Detailed Report
Bridge Technology Group LLC today published comments on ACTV (Nasdaq: IATV - news) following recent events and raised its 12-month price target. The full text of this report can be accessed at Bridge's web site, at www.BridgeNYC.com.
Jeffrey B. Davis, President of Bridge Technology Group stated, ''There have been several announcements over the past two weeks that we feel have positive implications for ACTV and its shareholders. These include the roll-out of ACTV's HyperTV in Exodus facilities and the acquisition of the Wolzien patent, which complements ACTV's HyperTV technology patents. Over the past two weeks we have updated our financial model to take into account the current roll-out of HyperTV Networks in the entertainment industry and have subsequently raised out 12-month target price range to $32 to $35 per share.''
Bridge Technology Group LLC is a registered investment advisor focused on identifying emerging growth companies in the healthcare and information technology sectors that offer compelling investment opportunities over the long term. By providing comprehensive financial services, including corporate finance, M&A advisory, strategic partnering and communications consulting, the company positions itself to provide a fully integrated package of value-added services to emerging growth companies.
The information in this press release has been obtained from sources that Bridge Technology Group LLC believes to be reliable, but the Company does not guarantee its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation by Bridge Technology Group LLC for the purchase or sale of any securities. Bridge Technology Group LLC has performed investment banking, consulting or other services for ACTV and may solicit investment banking, consulting or other business from any company mentioned in this report. Bridge Technology Group LLC or persons associated with Bridge Technology Group LLC may at anytime be long or short any of the securities referred to herein and may make purchases or sales thereof while the Company's reports are in circulation or posted on the Bridge Technology Group LLC web site at www.BridgeNYC.com. This material, or any portion thereof, may not be reproduced without prior permission from Bridge Technology Group LLC. Bridge Technology Group LLC is not responsible for the contents of this document that is intended for electronic transmission and could be thus subjected to tampering or alteration. Copyright 1999 by Bridge Technology Group LLC. All rights reserved.
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