Modavox, Inc, (MDVX.OB) announced today that Independent research firm Wasserman Morris & Company has issued a report on the company. Kipley J. Lytel, CFA, an analyst for the firm, initiated coverage of Modavox with a “Speculative Buy” rating.
Mr. Lytel is a Senior Partner with Montecito Capital Management, a money management firm, as well as Chief Operating Officer of a publicly traded company focused on taking companies public and staying public with a compliance support platform. Wasserman Morris & Company Ltd. is an independent fee-based research, publishing and distribution firm whose contract analysts adhere to the ethics and standards of the Association for Investment Research Management
Modavox shares reacted poitively to the news, raising from a low of $1.70 a share to close at $1.75
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