Vista Partners Initiates Coverage on Accelerize New Media, Inc. (Ticker: ACLZ);
$2.50 Target Price
SAN FRANCISCO, CA -- (Marketwired) -- 10/15/13 -- Vista Partners
announced today that it has initiated coverage on Accelerize New
Media, Inc. (OTCBB: ACLZ) ("The Company," or "ACLZ"); with a twelve
month target price of $2.50. Ross Silver, Principal Analyst at Vista
Partners, stated, "The consensus amongst industry analysts is that
demand for all forms of digital advertising will grow rapidly over
the next few years. Internet advertising, which according to the
Interactive Advertising Bureau (IAB), had revenue of $36.6B in 2012,
is expected to grow to $42.5B during 2013, in the U.S. alone." Mr.
Silver concludes, "ACLZ aims to take advantage of the boom in
internet advertising through the operations of CAKE, their
proprietary Software-as-a-Service ("SaaS") marketing platform, which
offers campaign management solutions to businesses involved in online
performance-based marketing. The company has experienced significant
growth in the past few years, with its SaaS revenue increasing from
$482K in 2010 to $5.8M in 2012. Despite their significant growth,
ACLZ is profitable."
To download a FREE copy of the Accelerize New Media, Inc. research
report, please visit http://www.vistapglobal.com and click the
"download research" icon to gain access to the report.
About Vista Partners:
Vista Partners LLC, founded in 2005, is a
Registered Investment Advisor in the States of California and Oregon.
The firm's professional staff has backgrounds in finance, corporate
communications and investment banking.
Please follow us on Twitter @VistaPResearch & Facebook at
Vista-Partners to receive updates, thoughts and ideas about our
coverage universe of companies.
Disclaimer & Disclosure:
For a full list of disclaimers and
disclosures, please visit our website www.vistapglobal.com or click
Vista Partners LLC
Press spacebar to pause and continue. Press esc to stop.