ZHUCHENG, CHINA--(Marketwire - Oct 22, 2012) - Ziyang Ceramics Corporation (OTCQB: ZYCI), a leading manufacturer of high quality interior porcelain tiles in China, is pleased to announce that Harbinger Research, LLC, has initiated coverage on the Company, with a "strong speculative buy" rating and a 12-month price target of $8.20 per share.
The report can be accessed on the Harbinger Research website directly at http://www.harbingerresearch.com/clients/zyci.
For more information regarding the research report, please contact Brian R. Connell, CFA, Senior Research Analyst at firstname.lastname@example.org.
About Ziyang Ceramics Corporation
Ziyang Ceramics Corporation (OTCQB: ZYCI), headquartered in Zhucheng city of Shandong Province in China with a U.S. office in Florida, manufactures porcelain tiles used for interior residential and commercial applications and sells through a distribution network of more than 150 distributors across 10 provinces, concentrating on major second and third tier cities located primarily in Eastern and Central China. For more information about Ziyang Ceramics Corporation, please visit: www.ziyangcorp.com.
About Harbinger Research
Harbinger Research is an independent equity research firm with a focus on providing coverage to small-cap companies. Harbinger's mission is to help its clients achieve fairer market valuations, an expanded shareholder base, improved liquidity, and easier access to capital markets. The Company does this by providing insightful, in-depth research reports and by making sure those reports are widely distributed and made available to both institutional and individual investors. Harbinger Research strives to deliver superior research coverage and the result is compelling -- consistent coverage from industry-expert analysts that is well written and consists of insightful analysis, cogent arguments, and in-depth financial models. To learn more about Harbinger Research visit their website located at http://www.harbingerresearch.com.
Safe Harbor Statement
Ziyang Ceramics Corporation is hereby providing cautionary statements identifying important factors that could cause our actual results to differ materially from those projected in forward-looking statements (as defined in such act). Any statements that are not historical facts and that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, indicated through the use of words or phrases such as "will likely result," "are expected to," "will continue," "is anticipated," "estimated," "intends," "plans," "believes" and "projects") may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statements. These statements include, but are not limited to, our expectations regarding the growth of our sales and distribution network and our expectations regarding sales of our new product line, the proposed expansion of our manufacturing facility, revenues, margins, expenses and earnings.
We caution that the factors described herein could cause actual results to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. This press release is qualified in its entirety by the cautionary statements and risk factor disclosure contained in our Securities and Exchange Commission filings, including our Annual Report on Form 10-K for the year ended December 31, 2011.