Coral Spring, Florida - (October 18, 2012) – FN Media Group, LLC (http://www.financialnewsmedia.com) announced today that Harbinger Research has released a new independent research report regarding its analysis of the Company, as well as the likely future value of Ziyang Ceramics Corpration (OTCQB: ZYCI). The report can be accessed on the Harbinger Research website directly at http://www.harbingerresearch.com/clients/zyci
According to the research report, “Overall, we believe that the shares of ZYCI offer investors an excellent risk-reward trade-off at current levels. Ziyang Ceramics offers a high-quality family of ceramic tile products to high growth PRC tier-two and tier-three urban markets. Based on underlying economic fundamental factors operating within China, and based on the Company’s relatively long history of generating solid and growing sales and earnings, we believe that ZYCI shares are significantly undervalued at current levels. Therefore we rate the shares of ZYCI as a Strong Speculative Buy, and set our 12-month price target at $8.20 per share”.
About Ziyang Ceramics Corporation
Ziyang Ceramics Corporation (OTCQB: ZYCI), headquartered in Zhucheng city of Shandong Province in China with a U.S. office in Florida, manufactures porcelain tiles used for interior residential and commercial applications and sells through a distribution network of more than 150 distributors across 10 provinces, concentrating on major second and third tier cities located primarily in Eastern and Central China. For more information about Ziyang Ceramics Corporation, please visit: www.ziyangcorp.com.
About Harbinger Research
Harbinger Research is an independent equity research firm with a focus on providing coverage to small-cap companies. Harbinger's mission is to help its clients achieve fairer market valuations, an expanded shareholder base, improved liquidity, and easier access to capital markets. The Company does this by providing insightful, in-depth research reports and by making sure those reports are widely distributed and made available to both institutional and individual investors. Harbinger Research strives to deliver superior research coverage and the result is compelling – consistent coverage from industry-expert analysts that is well written and consists of insightful analysis, cogent arguments, and in-depth financial models. To learn more about Harbinger Research visit their website located at http://www.harbingerresearch.com.
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To comply with Section 17(b) of the Securities Act of 1933, FNMG shall always disclose any compensation it has received, or expects to receive in the future, for the dissemination of the information found herein on behalf of one or more of the companies mentioned in this release. For current services performed for Ziyang Ceramics Corporation (OTCBB: ZYCI), FNMG expects to be compensated five thousand dollars by a non-affiliated third party which may hold shares in ZYCI, for news dissemination services & outreach coverage. FNMG has been compensated four thousand nine hundred dollars for past coverage of ZYCI news events. FNMG HOLDS NO SHARES OF Ziyang Ceramics Corporation (OTCBB: ZYCI).
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements.
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