Amaru, Inc. Rated ‘Outperform,’ Target $4.25 by Beacon Equity Research
Amaru, Inc. (OTC: AMRU)
DALLAS–(BUSINESS WIRE)–July 10, 2006–Amaru, Inc. (OTC: AMRU – News) has been rated “Outperform” with a target price of $4.25 by Beacon Equity Senior Research Analyst, Shailesh Dhuri, CFA.
The full report is available at http://www.beaconequityresearch.com
In the report, Mr. Dhuri writes, “Amaru is a global provider of interactive entertainment-on-demand, education-on-demand and e-commerce streaming over broadband channels, Internet portals and 3G devices. Currently, the company operates more than 100 channels that cater to a wide variety of consumer segments and lifestyles of both the local and international audience.
“Amaru faces tough competition in its e-travel business, competing with both the online and offline travel-based services from Travelocity, Expedia (Nasdaq: EXPE – News) and Priceline (Nasdaq: PCLN – News). The company believes that the travel industry provides huge scope for integration of the travel players at various levels.
“The emergence of the multi billion-dollar video-on-demand market has seen companies like AOL (NYSE: AOL – News), MTV, Apple Computers (Nasdaq: AAPL – News), Starz Entertainment, and others entering into this domain. So far, however, Amaru has been successful in delivering a good product in terms of price and quality of services.”
Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Amaru, Inc. (AMRU). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts’ personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (”Beacon”) certifies that no part of the analysts’ compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated $19,500 by Amaru for an enrollment in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
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Source: Amaru, Inc.