RedChip Research Suspends Coverage on China Intelligent Lighting
30 März 2011 - 1:56PM
RedChip Research™, a division of RedChip Companies, Inc., today
announced it has suspended research coverage on China Intelligent
Lighting and Electronics, Inc. (NYSE Amex:CIL) pending the
resolution of outstanding issues identified by the Company's
recently dismissed independent auditor.
RedChip's analyst rating, estimates, and price target are no
longer active.
About RedChip Companies, Inc.
RedChip Companies is an international, small-cap research and
financial public relations firm headquartered in Orlando, Florida;
with affiliate offices in Beijing, China; Paris, France; and Seoul,
Korea. RedChip delivers concrete, measurable results for its
clients through its extensive national and international network of
small-cap institutional and retail investors. RedChip has developed
the most comprehensive platform of products and services for
small-cap companies, including: RedChip Research™, Traditional
Investor Relations, Digital Investor Relations, Institutional and
Retail Conferences, RedChip Small-Cap TV™, Shareholder
Intelligence, Social Media and Blogging Services, Webcasts, and
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please visit:
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Disclosure
None of the profiles issued by RedChip Companies, Inc.,
constitutes a recommendation for any investor to purchase or sell
any particular security or that any security is suitable for any
investor. Any investor should determine whether a particular
security is suitable based on the investor's objectives, other
securities holdings, financial situation needs, and tax status. All
materials are subject to change without notice. Information is
obtained from sources believed to be reliable, but its accuracy and
completeness are not guaranteed. China Intelligent Lighting and
Electronics, Inc. ("CIL") is a client of RedChip Companies, Inc.
and of RedChip Visibility, a division of RedChip Companies. CIL
paid RedChip Visibility, a division of RedChip Companies, Inc.,
thirty thousand dollars in cash and two thousand shares of Rule 144
stock for twelve months of RedChip Visibility Program and investor
awareness services. RedChip Visibility Program services included
the preparation of equity research report(s). The equity research
report(s) were prepared for informational purposes only and were
paid for by the company portrayed in the report. Information
contained in the equity research report(s) is obtained from sources
believed to be reliable, but its accuracy and completeness are not
guaranteed. The equity research report(s) are not a recommendation
of a solicitation to purchase or sell any security, nor do they
constitute investment advice. Investor awareness services and
programs are designed to help small-cap companies communicate their
investment characteristics to the investor community. These
services may include investor conferences and digital and print
distribution of the company's investor related materials. RedChip
Companies, Inc., employees and affiliates may have positions and
affect transactions in the securities or options of the issuers
mentioned herein.
CONTACT: RedChip Companies Inc.
1-800-REDCHIP (733-2447)
research@redchip.com
http://www.redchip.com
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