ANZ Banking Group Ltd initiates coverage and issues `Strong Buy` recommendation on Anagram Development Corporation (BB AGRM) and projected a 3 month target price of $16 USD per share
Released on = September 11, 2007, 3:32 pm
Released on: September 11, 2007, 12:39 pm
Press Release Author: ANZ Banking Group Ltd.
Industry: Financial
Press Release Summary: WAL-MART AGREES TO STOCK WORDXCHANGE Games will be in stores for the fall and holiday buying season. Share prices should rise from the current $3 level to thw $15-$19 level on the news.
Press Release Body: "Wal-Mart's growing commitment to WordXchange and WordXchange Junior is a significant achievement for our company," said Prodijeux, the developer of the games. "The games are catching fire. Friends are telling friends, families are sharing it with other families.
"WordXchange is fun and challenging with a timeless appeal. Its popularity is growing similar to other classic games enjoyed for generations."
WordXchange and its companion game for younger players, WordXchange Junior, will be available in more than 270 Wal-Marts in Canada by the summer.
Anagram Plus, Inc.® creates, develops and markets award-winning board games that are proving extremely popular in the fast growing and all important educational - play segment of the U.S. game and toy industry. Through a combination of management excellence, creative products and advantageous market conditions, Anagram Plus, Inc. is perfectly positioned to capitalize on this highly lucrative sector of the industry and tap into ideal conditions for tremendous growth.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Web Site: http://www.anz.com.au
Contact Details: Australia and New Zealand Banking Group Limited (ANZ) 100 Queen Street, Melbourne 3000, ABN 11 005 357 522,