Dutton Associates Rated Proginet Corp. (PRGF.OB) with a Target Price of $2.00
Proginet was recently awarded a “Strong Buy” rating from Dutton Associates. The company is a highly respected provider of security software for business enterprises, and has accelerated its growth in revenue and profitability. The rating was given for several reasons. First, the last two years in "Business to Business" activity on the internet has created strong security, and gives the company a great position to capitalize on the growing industry. Second, a new product is expected to be launched this year which could make a huge contribution in 2008 revenues. The software uniquely addresses several business problems related to E-mails…
