RedChip Issues Research Update on Vertical Branding Inc. (VBDG.OB)
RedChip Visibility, a division of RedChip Companies, Inc. recently reported that it has issued a Vertical Branding Inc. (VBDG.OB) research update. Tony Telan, MBA, RedChip Research Analyst, wrote in the report that, "First quarter results, notably EBITDA $1.3 million and net income $492,000, affirm our position that the Company is executing well on its business model and will continue to experience robust growth. The first quarter of 2007 marks the Company's second consecutive quarterly profit. Earnings per share for the quarter were $0.02 compared to a loss of $0.07 per share for the same quarter of 2006. In summary, RedChip believes…
