Bridge Technology Group Announces Investment Opinion on AMBI Inc.NEW YORK--(BUSINESS WIRE)--Dec. 17, 1998-- Bridge Technology Group LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control Raises Estimates and Reiterates Buy Recommendation On AMBI AMBI Associação Médica Brasileira Iridologia Inc. Visit Bridge's Web Site at www.BridgeNYC.com for Detailed Report Bridge Technology Group LLC announced today that it has raised its earnings estimates and reiterated its BUY recommendation on AMBI Inc. (Nasdaq:AMBI). The full text of this report can be accessed at Bridge's web site at www.BridgeNYC.com. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Bridge report, the results of AMBI's fiscal first quarter (ended September 30, 1998) combined with management's discussion of results on a recent investor conference call, have prompted the Bridge analysts to raise their cash flow and net income forecasts for fiscal 1999 (ending June 30, 1999). "On the conference call," said Jeffrey B. Davis, President of Bridge, "AMBI management indicated that the second fiscal quarter was progressing well and that its joint efforts with American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Products, its preparation for launch of its direct marketing efforts over the internet and other channels and its other potential corporate development activities were all going well. We believe that AMBI shares are trading at compelling valuation multiples." Mr. Davis also commented that Bridge is reiterating its BUY recommendation based on the facts that AMBI stock is trading at 6 times prospective net income and approximately 3 times prospective cash flow (EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become ), despite expected high growth in both sales and net income. The analysts are maintaining their 12- to 18-month price target of $4 to $5. 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual by Bridge Technology Group LLC for the purchase or sale of any securities. Bridge Technology Group LLC may have performed investment banking, consulting or other services for or may solicit investment banking, consulting or other business from, any company mentioned in this release. 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 tampering The adulteration of a thing. See Drug tampering. or alteration Modification; changing a thing without obliterating it. An alteration is a variation made in the language or terms of a legal document that affects the rights and obligations of the parties to it. . Copyright (c) 1998 by Bridge Technology Group LLC. All rights reserved. |
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