SOURCE: Vista Partners LLC

Vista Partners LLC

July 08, 2014 09:00 ET

Vista Partners Updates Coverage on Accelerize New Media, Inc. (Ticker: ACLZ); $2.50 Price Target

SAN FRANCISCO, CA--(Marketwired - Jul 8, 2014) - Vista Partners announced today that it has updated coverage on Accelerize New Media, Inc. (OTCQB: ACLZ) ("The Company," or "ACLZ") and maintains its twelve-month price target of $2.50. Ross Silver, Principal Analyst at Vista Partners, stated, "ACLZ aims to take advantage of the boom in internet advertising through the operations of CAKE, their proprietary Software-as-a-Service ("SaaS") marketing platform which offers campaign management solutions to businesses involved in online performance-based marketing." Mr. Silver continues, "The Company has experienced significant revenue growth over the past few years. Their SaaS revenue has increased from $482K in 2010 to ~$9.7M in 2013. ACLZ experienced a 66% year over year revenue growth rate in 2013 versus 2012 revenues. The significant growth the Company saw in 2013 was driven organically by a 55% increase in the average number of clients and a 25% increase in the average revenue per client."

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About Vista Partners:
Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm's professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista's mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes. 

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