SOURCE: Unilava Corporation

Unilava Corporation

July 13, 2010 09:00 ET

Grass Roots Research Initiates Coverage on Unilava Corporation With a Target Price of $0.90

SAN FRANCISCO, CA--(Marketwire - July 13, 2010) -  Unilava Corporation (OTCBB: UNLA), a diversified communications, products, equipment and services provider, is pleased to announce today that Grass Roots Research and Distribution, Inc. has initiated research coverage on Unilava Corporation. The report was issued at a price of $0.085 with a target price of $0.90 per share.

The Grass Roots Research report states (in part from the summary), that Unilava Corporation has an aggressive growth plan including acquisitions of innovative technology portfolios and expansion into new markets. The pending acquisition of China Dragon Telecom (CDT) is in line with the Company's business strategy, which includes their subsidiaries that develop, design, and market unified communication services and products. The worldwide telecommunication industry is expected to reach $4.6 trillion by 2011. And Unilava caters to the communication needs of both businesses and individuals in multiple geographies worldwide. The Company also offers a comprehensive suite of communication tools and platforms including cellular, search and social networking.

Individual and institutional investors are encouraged to review the entire research report at www.grassrootsrd.com. Simply enter your user name (email address) and password to pull-up promptly.

About Grass Roots Research and Distribution, Inc. 

The Cohen Independent Research and Grass Roots Research brand names are recognized worldwide for their comprehensive and objective micro cap and small cap research. Grass Roots Research has raised the bar for uniquely insightful, critical analysis research by forecasting and valuing all of its companies in three separate result cases over a 5 year time period, which encompasses key data from the Income Statement, Balance sheet and Cash Flow statements.

Grass Roots Research and Cohen Research identifies and initiates non-traditional company research by first selecting smaller cap companies with management teams focused on shareholder value, sustainable competitive advantage, and demonstrated market leadership potential in their respective disciplines. Both Grass Roots and Cohen Research are owned by D. Paul Cohen. Mr. Cohen founded the West Coast regional offices of Bear Stearns and Co.

About Unilava Corporation

Unilava Corporation and its subsidiary brands provide a variety of communications services, products, and equipment that address the needs of corporations, small businesses and consumers. The company is licensed to provide long distance services in 41 states throughout the U.S. and local phone services across 11 states. Through its carrier-grade microwave wireless broadband infrastructure and broadband Internet access partners, the company also offers mobile and high-definition IP-hosted voice services to residential customers and corporate clients. Additionally, Unilava Corp. delivers a comprehensive and integrated suite of fee-based online and mobile advertising and web services to a broad array of business enterprises.

Headquartered in San Francisco, the company has regional offices in Chicago, Seoul, Hong Kong, and Beijing. For more information, visit www.unilava.com, www.telava.com and www.telavamobile.com

Disclaimer Notice And Forward-Looking Statements:

Certain statements in this press release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Unilava Corp. bases these forward-looking statements on current expectations and projections about future events, based on information currently available. The forward-looking statements contained in this press release may also include statements relating to Unilava Corp.'s anticipated financial performance, business prospects, new developments, strategies and similar matters. Also, please be advised that a non-affiliated third party, Heritage First Capital has paid Grass Roots Research and Distribution eight thousand dollars for the production of the twenty-eight page research report and/or opinion regarding the Company. Unilava Corporation disclaims any obligation to update any of its forward-looking statements, except as may be required by law.

Website: www.unilava.com

Contact Information

  • Investor Relations
    Susan U
    Corporate Evolutions, Inc.
    Phone: 516.482.0155