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Taglich Brothers Initiates Coverage on Single Touch Systems (OTCQB:SITO) with Speculative Buy Recommendation - Video Research Alert on InvestmentPitch.com


April 4, 2014 - London

Vancouver, BC, April 4, 2014 - New York-based investment firm Taglich Brothers has initiated coverage on Single Touch Systems (OTCQB:SITO). Analyst Juan Noble gives the company a speculative buy rating, and a 12 month price target of $0.70, a premium of 79% to the $0.39 price on March 25th, the day the report was issued.

 
 

InvestmentPitch.com has produced a "video research alert" about Single Touch based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Single Touch" in the search box.

Through its proprietary suite of mobile solutions, Single Touch helps its retail and advertising clients engage with customers via their wireless devices. Their FollowMe mobile technology targets consumers based on their precise location by placing "geo-fences" a virtual perimeter within a radius of a store or point location. The company's short message service enables retailers to send targeted mobile coupons and transactional messages based on a shopper's past purchase behaviors, making the content relevant and timely to a shopper.

The bulk of the company's revenue for 2013 comes from notifications sent for a single client, Walmart and its affiliates. On March 31st, the company announced that through its channel partner, AT&T, it had signed RadioShack for its FollowMe service. RadioShack will use the technology to deliver ads at 30 of its newly renovated feature stores.

James Orsini, president and CEO stated, "We are excited that our mobile ad tech product will be used by RadioShack as they continue their re-branding efforts that began earlier this year. FollowMe revenue growth - the fastest growing portion of our revenue mix - is evidence that we are well positioned to capitalize on the growing mobile advertising market as marketers begin to shift more of their ad budgets toward mobile."

The company has experienced double digit revenue growth over the past four years, including the first quarter of fiscal 2014 ended December 31, 2013, with revenues increasing to $2.9 million, a 49% increase over the same period of the prior year.

The company's intellectual property assets include 49 patents and applications, with 19 issued patents and 30 more pending.  Having delivered Letters of Notification to some of the largest technology and media companies in the world, Single Touch has the opportunity to generate licensing and patent settlement revenues. The company recently announced its first patent monetization event through a settlement agreement consisting of an up-front cash payment, and cross licensing agreement with a mobile technology company.

eMarketer projected US mobile advertising spending to reach close to $15 billion in 2014, up 56% from $9.6 billion in 2013.

The company currently trades at $0.39, well below the $0.70 target price, and with 142.8 million shares outstanding, the company is capitalized at $56 million. For more information on Single Touch's different products, please visit the company's website www.singletouch.net.

Investor relations is handled by Robert Haag of Hampton Growth Resources, who can be reached at 877-368-3566 or by email at sito@hamptongrowth.com.

For more information about Taglich Brothers or to obtain a copy of their extensive research report, please visit the company's website www.taglichbrothers.com or call Richard Oh at 631-757-1500.

About InvestmentPitch

InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing corporate interviews and three minute videos based on news releases and research reports. Please visit InvestmentPitch.com and browse our extensive library of investment videos.

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via Globenewswire

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