DailyTrends.com Selects Destiny Media Technologies as ``Stock Pick of the Week''; Places $1.20 Year-End Price Target on Stock.Business Editors SANTA MONICA, Calif.--(BUSINESS WIRE)--May 3, 2004 Wall Street "WizKid" Chris Lahiji, who at 20 is the youngest person ever to professionally manage a mutual fund, has selected Destiny Media Technologies Destiny Media Technologies OTCBB: DSNY is a developer of internet tools for securing and distributing digital media content. History Destiny Software Productions, Inc. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : DSNY DSNY Department of Sanitation New York DSNY Desi Sounds of New York (band) ) as his "Stock Pick of the Week," and placed a $1.20 year-end price target on the stock. Lahiji, whose investing talents were promoted to the investment world in a Business Week Magazine feature article last April, manages the Frontier Equity Fund (FEFPX) and is also the President of DailyTrends.com. Lahiji, in his report, cited the fact that Destiny's Clipstream is their most innovative software and allows advertisers, content owners, and marketers the ability to make and deliver high quality video and audio over the Internet. The unique quality of Clipstream is that its "playerless", meaning that there are no downloads and plug-ins necessary. He also noted that the company's MPE MPE abbr. Master of Public Education technology also happens to be very unique. It is the only digital distribution system that is compatible with "Peer to Peer" systems. "The proliferation of media transfer filings, the growing migration of advertisers focusing on Internet users, and the ease of use for Clipstream will in my opinion cause revenues to increase substantially moving forward. Profit will inevitably follow due to costs being fairly fixed, and it will be pouring once it comes in. They have a very loyal customer base and more and more companies are taking interest in their products, including the military recently. MPE and Clipstream will be the future of Destiny, and if that's the case, then it won't be long till the stock doubles from here." Chris Lahiji is the President of DailyTrends.com as well as the Co-Manager of the Frontier Equity Fund (FEFPX). He has been featured in magazines and newspapers such as BusinessWeek, Barron's, Money, Institutional Investor, Kiplinger's, IBD IBD abbr. inflammatory bowel disease Inflammatory bowel disease (IBD) Disease in which the lining of the intestine becomes inflamed. Mentioned in: Amebiasis IBD 1. , Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). and has appeared on CNN CNN or Cable News Network Subsidiary company of Turner Broadcasting Systems. It was created by Ted Turner in 1980 to present 24-hour live news broadcasts, using satellites to transmit reports from news bureaus around the world. "In the Money," CNNfn, PBS PBS in full Public Broadcasting Service Private, nonprofit U.S. corporation of public television stations. PBS provides its member stations, which are supported by public funds and private contributions rather than by commercials, with educational, cultural, "Wall Street Week with Fortune," Forbes.com, and CBS Marketwatch in the past year. DailyTrends.com, a Wall St. Pulse company, is an Internet based Financial web site that provides self-directed investors information on selected public companies that in the opinion of DailyTrends.com have great investment potential. It is a non-registered investment advisor. Safe Harbor and Disclaimer: DailyTrends.com is an information source only, not a solicitation to buy or sell securities. Certain statements pertaining to earnings and growth are "forward-looking" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. DailyTrends.com intends that such statements be subject to safe harbors created thereby. Actual results may differ from those expressed or implied. Information has been compiled from sources deemed to be reliable, but accuracy is not guaranteed... Investing in securities is speculative and carries a high degree of risk. Investors should perform their own due diligence and fully understand all risks. For more information, visit: http://www.DailyTrends.com/ |
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