AMI Research Press Releases
American Microcap Institute Updates Research Coverage on AcXessCompany Downgraded to Sell
Key Largo, FL, July 26, 2007 -- The American Microcap Institute (AMI), a leading online resource for microcap investors and a division of Hawk Associates Inc., announced today that it issued an update to its analyst coverage of AcXess, Inc. (Pink Sheets: INIV) based on the company’s fiscal 2007 year-end financial results.
The report analyzes AcXess’ fiscal 2007 year-end financial statements. Though revenues in the fourth quarter increased compared to nominal results earlier in the year, the number of customers adopting high availability hosting services remained flat and total business continuity (BC) customers decreased.
AMI Senior Analyst Cale Smith said, “AcXess appears to have lost one of its few BC customers during the fourth quarter, causing us to question the long-term viability of its BC as a managed service business model at a critical time in the company’s development. While AcXess maintains contracts to provide high-availability application hosting for Microsoft, SAP and Citrix Systems, we do not believe the economics of that service are as attractive as the more scalable managed services model. While we maintain our belief that AcXess’ technology is more valuable than implied by recent market prices, we cannot accurately gauge when or if the company’s shares will reflect that value in light of year-end results.”
The fiscal 2007 year-end update can be accessed from the AMI Research website, http://www.amistockreports.com.
About AcXess Inc.
AcXess is the first company to make FORTUNE 100-class business continuity and resilient application solutions affordable for small and medium-sized enterprises. AcXess enables immediate restoration of critical IT infrastructure and allows firms of almost any size to avoid loss of operational capabilities and revenue during natural or man-made emergency situations. For more information, http://www.acxess.com.
A profile for investors can be accessed at http://www.hawkassociates.com/inivprofile.aspx. For investor relations questions regarding AcXess, contact Frank Hawkins or Julie Marshall, Hawk Associates, at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit including press releases, current price quotes, stock charts and other information for investors may be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
To sign up for free e-mail alert notifications about AcXess, visit http://www.americanmicrocaps.com.
About the American Microcap Institute
The American Microcap Institute (AMI), a subsidiary of Hawk Associates, is dedicated to providing investors with timely and accurate information on companies trading under $10. The AMI website provides investors with a free stock watch list and information about featured microcaps, company headlines, 20-minute-delayed Level II price quotes, e-mail alerts, CEO interviews and research reports. No registration is required to access the site. For more information, visit http://www.americanmicrocaps.com and http://www.amistockreports.com.
AMI Research provides issuer-paid analyst reports in accordance with the certification and disclosures included in each report and as described at http://www.amistockreports.com/disclaimer.html. Investors should consider these reports as only a single factor in making an investment decision.
About Hawk Associates Inc.
Hawk Associates Inc. is one of America’s leading full-service providers of investor relations and media services to microcap and small cap companies. Known for integrity as well as aggressive and dedicated service, Hawk offers global experience and national award-winning expertise in providing a sustainable and effective interface with Wall Street. Hawk’s state-of-the-art websites, leading-edge technology and well-established Wall Street relationships enable the company’s clients to reach investors with their stories in a credible and effective manner.
Hawk Associates specializes in helping emerging and unknown companies develop their messages and implement successful IR programs to stand out among the more than 5,000 small and microcap companies on Wall Street. The company has clients throughout the United States, China and Vietnam.
For more information, contact Frank Hawkins or Julie Marshall at (305) 451-1888 or visit http://www.hawkassociates.com and http://www.americanmicrocaps.com.