B & D Foods Corporation (OTC Bulletin Board: BDFC) Announces RedChip Visibility Research Initiation
July 25 2006 - 2:02PM
PR Newswire (US)
Price Target $1.32 NEW YORK, July 25 /PRNewswire-FirstCall/ -- B
& D Foods Corporation (OTC:BDFC) (BULLETIN BOARD: BDFC)
announced today that RedChip Visibility, a division of RedChip
Companies, has initiated research on the Company. RedChip initiated
coverage of B & D Food Corporation with a "Speculative Buy"
rating and a current price target of $1.32. Jim Altenbach, CFA, and
Saied Hamedanchi, CFA, analysts for RedChip, wrote in the report:
"BDFC is an exciting turnaround story. We believe that BDFC
represents a great investment opportunity for the investor who can
accept the high level of risk associated with this company. On a
valuation front, the BDFC stock is trading at very low valuation
compared to the coffee industry average multiples. Based on the
recent valuation of $0.28 per share and the market capitalization
of $28.04 million, the Company is trading at approximately 2x price
to sales ratio which is substantially below the industry price to
sales ratio of 3.20 times." To receive a complimentary copy of the
RedChip Visibility initial research for BDFC, please visit:
http://www.redchip.com/visibility/about.asp?page=requestBDFC .
About B & D Foods Corporation BDFC's strategy is to be a player
that purchases the coffee beans from the growers and in turn sells
the product to the retailers, bypassing the entire channel. This
will enable BDFC to be the manufacturer, wholesaler, and
distributor in the channel and thus capture the margin from all
these activities in the channel. BDFC acquired the 6th largest
coffee manufacturing plant in Brazil in 2005 at distressed sale
prices. Furthermore, BDFC is restructuring its operations to become
a viable global player in coffee manufacturing and market
distribution. The BDFC manufacturing plant is strategically located
near the two largest Brazilian ports of Santos and Rio de Janeiro.
The plant is approximately 12,000 square meters and has the
following current production capacity: * 9600 tons/per year of
roasted, ground coffee * 3600 tons/per year of chocolate beverages
or cappuccinos * 3240 tons annually of agglomerated soluble coffee
or powdered tea About RedChip Visibility(TM) RedChip Visibility
Research, a division of RedChip Companies Inc., writes fundamental
research on small-cap companies. RedChip's success has been
documented in Forbes, Barron's and the Wall Street Journal. RedChip
Visibility(TM) provides small-cap companies access to both
professional and individual small-cap investors by holding
conferences throughout the United States, producing online
corporate visibility programs, and writing company sponsored
research. RedChip Visibility Research Disclosure B & D Foods
Corporation is a client of the Aurelius Consulting Group, Inc. and
of RedChip Visibility, a division of RedChip Companies. BDFC paid
RedChip Visibility $36,000 for the RedChip Visibility Research
Program, which includes the research report. RedChip Visibility, a
division of RedChip Companies, Inc., and the Aurelius Consulting
Group, Inc., in a joint marketing agreement, have been contracted
by B & D Foods Corporation to increases investor awareness of
BDFC to the small-cap equity community. These services may include
investor conferences and digital and print distribution of BDFC
investor related materials. In the purview of Section 17(b) of the
Securities Act of 1933 and in the interest of full disclosure, we
call the reader's attention to the fact that the Aurelius
Consulting Group is an investor relations firm hired by the Company
and receives a monthly cash fee of $4,500 and 96,350 shares of Rule
144 stock per quarter for investor relations services. For
Additional Information Contact: Daniel Ollech, President B & D
Foods Corporation (011)972-544-816-339 RedChip Companies
1-800-REDCHIP http://www.redchip.com/ DATASOURCE: B & D Foods
Corporation CONTACT: Daniel Ollech, President, B & D Foods
Corporation, +011-972-544-816-339, or ; or RedChip Companies,
+1-800-REDCHIP, or , for B & D Foods Web site:
http://www.redchip.com/
http://www.redchip.com/visibility/about.asp?page=requestBDFC
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