Yet another paid buy report. Fails to disclose the amount of stock they recieved and when the restriction ends. They also state they have a an investment banking relationship with C-3D Digital, Inc. C-3D Digital (DDD) then puts two press releases not disclosing the compensation.
Dutchess Advisors, Ltd. Announces Investment Opinion on C-3D Digital
BOSTON, Feb 15, 2000 (BUSINESS WIRE) --
Dutchess Advisors, Ltd. Initiates Coverage of C-3D Digital With a Buy Recommendation and 12-Month Price Target of $36
Boston-based Dutchess Advisors, Ltd. announced today it initiated coverage of C-3D Digital (AMEX: DDD), a technology-driven 3D entertainment company, with a buy recommendation and a 12-month projection of $36 per share.
C-3D Digital is a leading innovator in the manufacture and development of 3D imagery and virtual reality entertainment for television and the Internet. The report summarized the Company's operating divisions, including C-3D Television, the world's first and only broadcast network to offer 24-hour 3D programming; 3D.COM, its Internet subsidiary and home to a forthcoming virtual reality/3-D portal/e-commerce community; Strata Software; and the Hotel Movie Network, a private broadcast network focused on the hospitality industry.
The report based its price target on key developments, including: "The recent licensing agreement with Trimark Pictures, a division of Trimark Holdings Corp. (NASDAQ: TMRK); an equity investment from I-O Display, LLC a joint venture between Illixo, Inc. and Liberty Media Group (a division of AT&T; NYSE:T); the enrollment of additional cable system Telepro, a national DirectTV account, to provide distribution of the 3D Television Network to its subscribers; and the expected launch of the 3D.COM Virtual Reality Portal(TM) in June 2000."
Dutchess Advisors projected future growth, stating, "Management is making all the right moves by licensing content, increasing distribution through the enrollment of cable systems, building its internal team of seasoned and highly skilled professionals while reshaping its Board of Directors. With the expected launch of 3D.COM VIRTUAL REALITY PORTAL later this year and the continued non-stop pace at which the C-3D Television Network appears to be moving, we believe puts C-3D Digital on the fast track. By capturing just 1% of both the U.S. cable and hospitality markets, together with Strata's current revenue, we project total revenues of $36 million in 2001 and applying a 7x multiple, we forecast a 12 month price target of $36 per share."
Dutchess noted particular growth in C-3D's Internet division 3D.COM, "We believe that 3D.COM is poised for explosive growth and may contribute up to as much as 25% of C-3D Digital's total revenues by 2003. The hidden gem here is the fact that 3D.COM also doubles as the self supporting, dynamic R & D arm of the Company."
A comparative analysis in the report commented on C-3D's virtual lack of competition, "Although several companies currently offer 'simulated' or 'shadow' 3D e-tailing web sites, to date there are no known direct competitors of the Company involved in either stereoscopic "pop out" e-commerce or network broadcast of 3D programming to the home. Imax Theaters and Universal Studios currently offer a stereoscopic 3D experience within a controlled environment, but the viewer must make an actual paid visit to the venue in contrast to a 3D experience in the comfort of one's home, for a fraction of the cost. Nonetheless the rapid growth of these 3D outlets is only further evidence of the vast market potential that awaits those ready to service the public's insatiable appetite for new and unique virtual entertainment."
To view the Dutchess Advisors report online, visit www.nfnonline.com/ddd/dutchess.html. For a copy by mail, please contact Dutchess Advisors, Ltd. directly at 617-375-6747.
Dutchess Advisors, Ltd. and its affiliates maintain an investment banking relationship with C-3D Digital, Inc. ("Company"), and have been, and will in the future be compensated in the Company's stock, issued under Rule 144. This report has been prepared from Company data and other sources believed to be reliable, but we have not verified this information and we make no representation as to its accuracy or completeness. Any statements non factual in nature constitute only current opinions, which are subject to change without further notice. We disclaim any obligation to update, revise or correct this report. This report is published solely for informational purposes and is not to be construed either as an offer to sell or the solicitation of an offer to buy any security or the provision of an offer to provide investment services. Dutchess Advisors, Ltd., its affiliates and/or subsidiaries and employees may from time to time acquire, hold or sell a position in the Company's securities. Any investor seeking to make an investment should first consult with their advisor to make certain that such an investment meets their investment objectives and is suitable for such an investor. Transactions in the securities of the Company are considered speculative and involve a high degree of risk.
Copyright (C) 2000 Business Wire. All rights reserved.
Distributed via COMTEX.
CONTACT: Dutchess Advisors, Ltd.
Ted Smith, (617) 375-6747
WEB PAGE: businesswire.com
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Dutchess Advisors, Ltd. Issues Buy Recommendation With $36 12-Month Projection On C-3D Digital
LOS ANGELES, Feb. 16 /PRNewswire/ -- Chequemate International Inc. (Amex: DDD), doing business as C-3D Digital Inc., the world's first 3D television network and 3D Internet media company, announced today that Boston-based Dutchess Advisors, Ltd. initiated coverage of the Company with a buy recommendation and a 12-month price target of $36 per share.
Dutchess Advisors based its price target on C-3D Digital's key developments, including: "The recent licensing agreement with Trimark Pictures, a division of Trimark Holdings Corp. (Nasdaq: TMRK); an equity investment from I-O Display, LLC a joint venture between Illixo, Inc. and Liberty Media Group (a division of AT&T; (NYSE:T)); the enrollment of additional cable system Telepro, a national DirectTV account, to provide distribution of the 3D Television Network to its subscribers; and the expected launch of the 3D.COM Virtual Reality Portal(TM) in June 2000."
Dutchess projected future growth, stating, "Management is making all the right moves by licensing content, increasing distribution through the enrollment of cable systems, building its internal team of seasoned and highly skilled professionals while reshaping its Board of Directors. With the expected launch of 3D.COM VIRTUAL REALITY PORTAL(TM) later this year and the continued non-stop pace at which the C-3D Television Network appears to be moving, we believe puts C-3D Digital on the fast track. By capturing just 1% of both the U.S. cable and hospitality markets, together with Strata's current revenue, we project total revenues of $36 million in 2001 and applying a 7x multiple, we forecast a 12 month price target of $36 per share."
The report noted particular growth in C-3D's Internet division 3D.COM, "We believe that 3D.COM is poised for explosive growth and may contribute up to as much as 25% of C-3D Digital's total revenues by 2003. The hidden gem here is the fact that 3D.COM also doubles as the self supporting, dynamic R & D arm of the Company."
A comparative analysis in the report commented on C-3D's virtual lack of competition, "Although several companies currently offer 'simulated' or 'shadow' 3D e-tailing web sites, to date there are no known direct competitors of the Company involved in either stereoscopic 'pop out' e-commerce or network broadcast of 3D programming to the home. Imax Theaters and Universal Studios currently offer a stereoscopic 3D experience within a controlled environment, but the viewer must make an actual paid visit to the venue in contrast to a 3D experience in the comfort of one's home, for a fraction of the cost. Nonetheless the rapid growth of these 3D outlets is only further evidence of the vast market potential that awaits those ready to service the public's insatiable appetite for new and unique virtual entertainment."
To view the Dutchess Advisors report online, visit www.nfnonline.com/ddd/dutchess.html. For a copy by mail or fax, please contact Dutchess Advisors, Ltd. directly at 617-375-6747.
C-3D Digital is a leading innovator, manufacturer and developer of 3D imagery and virtual reality entertainment for television and the Internet. The Company operates several synergistic divisions, including C-3D Television, the world's first and only broadcast network to offer 24-hour, 7 days a week 3D stereoscopic programming; 3D.COM, its Internet subsidiary, which includes Strata software, and the Hotel Movie Network.
The Company recently formed 3D.COM Virtual Reality Portal(TM), the world's first 3D virtual reality portal. This multimedia website is set to launch in mid-2000 and will feature streaming video over the Internet, real-time online gaming and e-commerce solutions in stereoscopic 3D. For more information, visit www.3d.com.
This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in C-3D Digital's periodic filings with the U.S. Securities and Exchange Commission.
CONTACT: Geoffrey Eiten, Investor Relations of National Financial Communications Corporation, geiten@otcfn.com, 800-344-1288, or 781-444-6100, ext. 13; or Gwendolyn Oliver, Director of Marketing, 310-823-4957, investors@3d.com, for C-3D Digital Inc.
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Dutchess Advisors, Ltd. Issues Buy Recommendation With $36 12-Month Projection On C-3D Digital
LOS ANGELES--(BUSINESS WIRE)--Feb. 16, 2000--Chequemate International Inc. (AMEX: DDD), doing business as C-3D Digital Inc., the world's first 3D television network and 3D Internet media company, announced today that Boston-based Dutchess Advisors, Ltd. initiated coverage of the Company with a buy recommendation and a 12-month price target of $36 per share.
Dutchess Advisors based its price target on C-3D Digital's key developments, including: "The recent licensing agreement with Trimark Pictures, a division of Trimark Holdings Corp. (NASDAQ: TMRK); an equity investment from I-O Display, LLC a joint venture between Illixo, Inc. and Liberty Media Group (a division of AT&T; NYSE:T); the enrollment of additional cable system Telepro, a national DirectTV account, to provide distribution of the 3D Television Network to its subscribers; and the expected launch of the 3D.COM Virtual Reality Portal(tm) in June 2000.
"Dutchess projected future growth, stating, "Management is making all the right moves by licensing content, increasing distribution through the enrollment of cable systems, building its internal team of seasoned and highly skilled professionals while reshaping its Board of Directors. With the expected launch of 3D.COM VIRTUAL REALITY PORTAL(tm) later this year and the continued non-stop pace at which the C-3D Television Network appears to be moving, we believe puts C-3D Digital on the fast track. By capturing just 1% of both the U.S. cable and hospitality markets, together with Strata's current revenue, we project total revenues of $36 million in 2001 and applying a 7x multiple, we forecast a 12 month price target of $36 per share.
"The report noted particular growth in C-3D's Internet division 3D.COM, "We believe that 3D.COM is poised for explosive growth and may contribute up to as much as 25% of C-3D Digital's total revenues by 2003. The hidden gem here is the fact that 3D.COM also doubles as the self supporting, dynamic R & D arm of the Company.
"A comparative analysis in the report commented on C-3D's virtual lack of competition, "Although several companies currently offer 'simulated' or 'shadow' 3D e-tailing web sites, to date there are no known direct competitors of the Company involved in either stereoscopic "pop out" e-commerce or network broadcast of 3D programming to the home. Imax Theaters and Universal Studios currently offer a stereoscopic 3D experience within a controlled environment, but the viewer must make an actual paid visit to the venue in contrast to a 3D experience in the comfort of one's home, for a fraction of the cost. Nonetheless the rapid growth of these 3D outlets is only further evidence of the vast market potential that awaits those ready to service the public's insatiable appetite for new and unique virtual entertainment.
"To view the Dutchess Advisors report online, visit www.nfnonline.com/ddd/dutchess.html. For a copy by mail or fax, please contact Dutchess Advisors, Ltd. directly at 617-375-6747.
C-3D Digital is a leading innovator, manufacturer and developer of 3D imagery and virtual reality entertainment for television and the Internet. The Company operates several synergistic divisions, including C-3D Television, the world's first and only broadcast network to offer 24-hour, 7 days a week 3D stereoscopic programming; 3D.COM, its Internet subsidiary, which includes Strata software, and the Hotel Movie Network.
The Company recently formed 3D.COM Virtual Reality Portal(tm), the world's first 3D virtual reality portal. This multimedia website is set to launch in mid-2000 and will feature streaming video over the Internet, real-time online gaming and e-commerce solutions in stereoscopic 3D. For more information, visit www.3d.com.
This news release may contain forward-looking statements made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. While management believes such representation to be true and accurate based on the information available to the Company, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are set forth in C-3D Digital's periodic filings with the U.S. Securities and Exchange Commission.
For more information, see www.3d.com and www.nfnonline.com/ddd
--------------------------------------------------------------------------------
Contact:
National Financial Network C-3D Digital
Geoffrey Eiten Gwendolyn Oliver
800-344-1288/781-444-6100 ext. 13 310-823-4957
geiten@otcfn.com investors@3d.com |
