SOURCE: CreditPointe, Inc.

April 20, 2006 11:00 ET

CreditPointe Continues Industry Approach to Credit Risk Analysis by Initiating Coverage for the Home Entertainment Industry

Consistent With Its Industry Focused Strategy: CreditPointe Announces the Availability of Its Credit Risk Insight™ Products for the Home Entertainment industry

WESTWOOD, MA -- (MARKET WIRE) -- April 20, 2006 -- CreditPointe, Inc. announced today its initiation of coverage on all companies in the Home Entertainment industry listed in the U.S. exchanges and filing with the U.S. Securities and Exchange Commission. The announcement is another is a series of industries being analyzed by CreditPointe. The company also announced the availability of its credit risk insight product both at the company and industry level for the Home Entertainment industry including such companies as Best Buy, Enesco and Trans World Entertainment. The company analysis will be made available within hours of an earnings release or filing while the industry analysis will be updated quarterly.

"We are independent in our coverage and intend to cover every public company in every industry around the globe. Our strategy to initiate coverage on an industry by industry basis reflects our desire to develop in-depth understanding of a given industry. The marketplace values the insight and, in particular, the timelines with which we deliver updates. We are very pleased at the depth and quality of our coverage in the Home Entertainment industry," commented Dr. Venkat Srinivasan, the company's CEO.

CreditPointe is focused to provide Corporations around the world with best-in-class credit analysis services on a cost-effective basis. The company has a dedicated team of analysts who monitor companies' creditworthiness and aim to provide significant insight to assist in the evaluation of these companies whether as a customer or supplier. The company leverages a unique set of knowledge-based technologies to offer timely and cost-effective coverage to its customers.

"We now have a dedicated team that is covering the Home Entertainment industry. We have identified the industry's idiosyncratic characteristics and modeled them into our industry-specific credit risk rating models. In the coming months, we will further refine our understanding of the companies and the factors that drive performance in the industry through on-going in-depth discussions with many of the companies in the industry," said John LaRocca, SVP of Marketing and Business Development.

About CreditPointe, Inc.

CreditPointe, Inc. is a private company specializing in providing business credit and supplier risk analysis products and services. An experienced team of credit industry veterans led by Dr. Venkat Srinivasan launched CreditPointe Inc., to address the growing need to provide corporations and financial institutions with timely, cost effective, thorough business credit risk analysis services on companies around the globe. CreditPointe is a subsidiary of Rage Holdings, LLC, a business incubator focused on incubating capital efficient, process-aware businesses. To learn more about CreditPointe, visit www.creditpointe.com.

Contact Information

  • Media Inquiries:
    John LaRocca
    CreditPointe, Inc.
    480-239-7375

    General Inquiries:
    Jim DeWaele
    CreditPointe, Inc.
    781-493-6923