ST. LOUIS, March 3, 2010 (GLOBE NEWSWIRE) — Murphy Analytics (MA) has initiated coverage on CitySide Tickets, Inc. (Pink Sheets:CIST). The Initiation Report contains a detailed discussion of the Company’s business model, market dynamics, industry competitors, macroeconomic data and indicators, financial results and risks.
The Initiation Report is available at http://www.murphyanalytics.com/uploads/CIST_Initiation.
Analyst Patrick J. Murphy, CFA notes in the report: “Although the recently completed Live Nation / TicketMaster merger creates significant market concentration, it also serves to illustrate the magnitude of the opportunity in the ticket market. CitySide Tickets, Inc. (Pink Sheets:CIST) seeks to capitalize on this opportunity through organic growth as well as through acquisition. As CNBC watchers undoubtedly have seen first-hand, CitySide Tickets has commenced an aggressive marketing campaign designed to expand the Company’s domestic reach. Additionally, CitySide Tickets, Inc. (Pink Sheets:CIST) recently announced a letter of intent to complete its first acquisition. With the launch of a national marketing campaign and the announcement of the pending acquisition, CitySide Tickets, Inc. (Pink Sheets:CIST) has begun executing its strategy to become a significant national destination for both ticket buyers and ticket sellers.”
About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap and smallcap stocks. Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks. Murphy Analytics LLC is owned by Patrick J. Murphy, who has over 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT’s.
Disclosure: Murphy Analytics was paid $7,500 by DTG in advance of the publication of this report. Neither Murphy Analytics (MA) nor the analyst owns or trades the shares of covered companies. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company’s plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.
CONTACT: Murphy Analytics LLC
Patrick J. Murphy, CFA
Source: GlobeNewswire (March 3, 2010 – 9:08 AM EST)