SOURCE: FN Media Group, LLC

October 18, 2012 09:00 ET

Harbinger Research Releases Research Report on Ziyang Ceramics Corporation Including a Target Price of $8.20 per Share

NOTE TO EDITORS: The Following Is a Research Report Press Release Being Issued by FN Media Group, LLC

CORAL SPRING, FL--(Marketwire - Oct 18, 2012) - FN Media Group, LLC ( announced today that Harbinger Research has released a new independent research report regarding its analysis of the Company, as well as the likely future value of Ziyang Ceramics Corporation (OTCQB: ZYCI). The report can be accessed on the Harbinger Research website directly at 

According to the research report, "Overall, we believe that the shares of ZYCI offer investors an excellent risk-reward trade-off at current levels. Ziyang Ceramics offers a high-quality family of ceramic tile products to high growth PRC tier-two and tier-three urban markets. Based on underlying economic fundamental factors operating within China, and based on the Company's relatively long history of generating solid and growing sales and earnings, we believe that ZYCI shares are significantly undervalued at current levels. Therefore we rate the shares of ZYCI as a Strong Speculative Buy, and set our 12-month price target at $8.20 per share."

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:

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

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