Omni Ventures Announces Independent Analyst Coverage Initiated With $3.22 Price Target
Omni Ventures Announces Independent Analyst Coverage Initiated With $3.22 Price Target in Short Term
Noble and Shields notes strong management, international expansion and segmented growth of industry as factors for success in $226 Billion Global Industry
NEW YORK, May 05, 2012 -- Omni Ventures, Inc. (OTCQB- OMVE.PK ), a leader in consumer brands and owner of PRVCY Couture, Inc. today announced that independent analyst coverage has been initiated by Noble and Shields with a short term price target of $3.22.
The global apparel manufacturing industry is expected to continue to grow as companies are now adopting new marketing tactics including social media and celebrity endorsements. Omni is developing new business models and competitive strategies to build success in multiple retail channels and partnerships, and has already achieved A-List Hollywood recognition.
According to the Noble report:
“In our view, the timing could not be better for investors and we forecast that the stock could reach $3.22 in the next 1-3 months, as. PRVCY is poised to capture a meaningful share of the premium denim market. PRVCY benefits from the sheer number of “A-listers flaunting the jeans, which has a big impact on consumer purchase decisions. Plus, PRVCY is riding the wave in the segment led by True Religion , an $800M market cap premium jeans comp to OMVE’s stock. In addition, the overall valuation should rise via the closing of new M&A by Omni in the coming months, as it executes its vertical integration roll-up strategy.”
The report also highlighted that the management team and directors at PRVCY Couture have a long history of success in the industry. Omni’s Chairman was the founder of Sasson Jeans, which is considered to the Godfather of premium jeans and a model for success being capitalized upon by the Omni team.
The comprehensive report can be obtained from the Noble Research website at http://www.nobleandshields.com/
Christian Wicks, President of Omni Ventures, Inc. noted, “We are positioned to significantly scale up our operations, our priority will be to develop strategic media affiliations domestically and in the top casual couture markets in Europe and Asia to continue creating strong brand awareness of the current and upcoming PRVCY Collections."
About Noble and Shields
Noble and Shields is a private independent research firm, based in Zurich, Switzerland, offering independent, fundamental research on public companies since 1995. Noble and Shields specializes in small and micro capitalization companies trading on the OTC, NASDAQ, AMEX and TSX providing investors with an excellent first step in their research and due diligence by providing and consolidating the publicly available information on the covered companies. This coverage is geared toward institutional and individual investors in both North America and in Europe. Noble and Shields has no investment banking or consultation conflicts thereby minimizing the inherent conflicts of interest between the research analysts and the companies they cove Noble and Shields takes steps to ensure independence, including setting fees in advance and utilizing analysts who must abide by the CFA Institute Code of Ethics and Standards of Professional Conduct, the CFA-NIRI Guidelines, the exacting “Standards for independent Research Providers” and in accordance with guidance set forth by the U.S. Securities and Exchange Commission’s Advisory Committee on Smaller Public Companies. Additionally, analysts are not trading in any security under coverage. The full report includes important disclosures, disclaimers and analyst information. Noble and Shields advises investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Noble and Shields further advises that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor's total investigative process.
About Omni Ventures
Omni Ventures, Inc. is the owner of PRVCY Couture, Inc., the casual couture apparel and accessories design, manufacturing and distribution company (http://www.prvcycouture.com) with the ”Made in Hollywood” brand. The Company is in various stages of developing several related projects in the fields of consumer goods design, manufacturing and distribution as well as consumer services. For more info, please visit www.omve.net.
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities, and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission. The Company undertakes no obligation to update any forward-looking statements.