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Gold/Mining/Energy : EVFL - Evolution Fuels, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: xcentral1 who wrote (78)	12/20/2006 1:56:17 PM
From: Rascal	Respond to of 175

Press Release Source: RedChip Companies Inc.; Earth Biofuels Inc. RedChip Visibility Initiates Research On Earth Biofuels Inc. Wednesday December 20, 12:21 pm ET ORLANDO, Fla., Dec. 20, 2006 (PRIME NEWSWIRE) -- RedChip Visibility, a division of RedChip Companies, announced that they have initiated research on Earth Biofuels Inc. (OTC BB:EBOF.OB - News). Clay Mahaffey, CFA, RedChip Research Analyst, wrote in the report: ``EBOF is significantly undervalued at current levels; of course, the stock can sell over or under the NPV based on market conditions and appetite for stocks in this sector. As the Company succeeds in its business plan, risk adjustments can be re-evaluated and may prove conservative so that considerable upside exists at current prices. For example, if a 20 percent discount rate is used, the 12 Month Price Target would increase to $4.00. Currently, we have set a 12 Month Price Target at $3.27 and a 24 Month Price Target at $6.00 and issue a 'Strong Buy' rating on these shares.'' Rascal@FunFunFunding.com