ORLANDO, Fla., March 30, 2011 (GLOBE NEWSWIRE) -- 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RedChip's analyst rating, estimates, and price target are no longer active.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 RedChip Radio™. To learn more about RedChip's products and services 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.
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