Research Report Issued by Emerging Growth Research on Showcase Technology Stock, Geeks On Call Holdings (OTCBB: GOCH)
July 09 2008 - 2:00PM
Marketwired
POINT ROBERTS, WA and DELTA, BC , issued by Emerging Growth
Research, based in San Francisco. Geeks on Call is a premier
national provider of on-site computer service and solutions to
small business and residential markets.
Emerging Growth Research Report Highlights:
"* We are initiating coverage of Geeks On Call Holdings, Inc.
with a BUY rating. We are modeling greater than 100% revenue growth
over the next fiscal year and profitability by fiscal 2009 year end
due to the many new initiatives this management team is putting
forth. We believe shares are significantly undervalued at current
levels.
* As computer and consumer electronic technologies become
increasingly complex businesses and consumers are increasingly
turning to outsourced IT services. This market is growing rapidly
and currently valued in excessive of $8 billion for the US alone.
It is estimated the market is underserved by an additional $11
billion due to a limited selection of reliable vendors. We believe
GOCH is well prepared to target this $19 billion market
opportunity.
* In a market with only two other national competitors, we
believe there is space for this company to emerge as a viable
nationwide competitor to Best Buy's Geek Squad and Circuit City's
Firedog.
* The company is rapidly enhancing its business model with the
addition of company-owned operations, which offer significantly
higher margins. We expect more than 35 new company-owned locations
to be opened during fiscal 2009.
* Over the coming months we are expecting the company to
announce an additional significant expansion in operations due to
the enrollment of several national franchisors into a newly created
Endorsed Vendor Program positioning Geeks On Call as the preferred
provider of IT services to the franchise community. We believe
these events will be additive to our revenue model and will
significantly accelerate revenue growth at the company.
* With a market capitalization of only approximately $17.5
million we view the company as meaningfully undervalued relative to
the significant market opportunity and thus urge small-cap
investors to seriously consider purchase of these shares."
Research Report Link:
http://www.investorideas.com/CO/GOCH/pdf/GOCHReport.pdf
* Investors are reminded to read all disclaimers and disclosures
related to report.
Analyst:
Joseph Noel is a 29-year veteran of the telecommunications and
investment industries. Joe was recently a senior analyst at Pacific
Growth Equities, LLC, where he tracked the communications
equipment/services and advanced industrial sectors. Prior to
Pacific Growth, he covered both the telecommunications equipment
and services industries at Hambrecht & Quist and was employed
by Gartner/Dataquest as a communications industry analyst.
About Geeks On Call Holdings, Inc. (OTCBB: GOCH):
Geeks On Call is a wholly owned subsidiary of Geeks On Call
Holdings, Inc. (OTCBB: GOCH). Founded in 1999, the Company is a
pioneer in the mobile, rapid-response on-site IT service concept.
Geeks On Call's certified IT professionals service small businesses
and residential customers across the nation, providing computer
privacy and security solutions, hardware and network installations
and troubleshooting, as well as repairs, upgrades and consulting.
Geeks On Call also co-markets through endorsed vendor relationships
with other Franchisors, who offer GOC services to their franchisees
as a value-added benefit. Over 250 independently owned and operated
franchises have been granted, with new franchise and Corporate
locations opening regularly.
More Info: Visit the Company Showcase on Investorideas.com at:
http://www.techsectorstocks.com/CO/GOCH/Default.asp
Media Presentation: http://www.investorideas.com/CO/GOCH/ss/default.asp
Or the Company Website at: http://www.geeksoncall.com/
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advertising. Disclosure: Geeks On Call Holdings, Inc compensates
Investorideas.com $5000 per month and 50,000 144 shares pro-rata
over 12 months.
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For Additional Information: Dawn Van Zant: 800-665-0411 Email
Contact Emerging Growth Research Joseph Noel Email Contact San
Francisco, California 925.922-2560
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