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Tech Stocks: James Russell Announces it has Initiated Coverage on Wrapmail, Inc (OTC:WRAP)
James Russell Securities, a leading Financial Services and Advisory Firm, is pleased to announce it has initiated coverage on Wrapmail, Inc (OTC: WRAP), placing an Outperform rating on the stock with a price target of $0.67.
Category: Investment, Technology
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News about WRAPmail
September 4, 2012 (Investorideas.com newswire) James Russell lead analyst Michael Waters has estimated shares of Wrapmail (OTC: WRAP) could potentially earn around $0.13 per share on net revenue of $27 million per annum extending out over the next several years.
"We are comfortable in our assumptions that Wrapmail will be able to execute its plan to deliver new sources of revenue through its advertising based revenue model, which has significant similarities to the model in use by Google, Inc (NASDAQ:GOOG) ." Waters noted. "Wrapmail has realized significant client acquisitions over the past twelve months, and we anticipate this trend continuing as the company continues to expand into new markets".
Citing Constant Contact's (NASDAQ:CTCT) acquisition of SinglePlatform for $65 million in June 2012, and the numerous recent acquisitions made by Google and Facebook, Inc (NASDAQ:FB), Waters notes "In addition to its operating revenue and earnings capacity, we have factored in recent consolidation within this space over the past year. We believe Wrapmail is certainly a candidate for such a takeover, particularly given its strong foothold in the sector, and its valuable patent pending technology".
About James Russell Securities
James Russell Securities is a leading Financial Management and Advisory Firm. We provide services to high net worth investors, corporations and institutions. We pride ourselves on delivering superior results to our clients and continue to deliver effective and innovative solutions to ensure our clients succeed in today's challenging environment. For more information, please visit jamesrussellsec.com.
About WRAPmail (OTC: WRAP) http://www.wrapmail.com/
Wrapmail, Inc is a leading provider of dynamic, interactive email branding and marketing solutions. The company's core product, Wrapmail, is a revolutionary email technology platform that seamlessly allows its users to transform their everyday emails into effective marketing tools to promote their brand, drive traffic, conduct research and increases sales. Wrapmail's innovative solution has created a powerful new sales and marketing opportunity for businesses and individuals by leveraging their existing email communication streams and infrastructure. By allowing everyday emails to become an effective advertising medium, email users can tap into significant new revenue streams and promote their brand or message.
Published at Investorideas.com newswire
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