DailyTrends.com Selects Destiny Media Technologies as ''Stock Pick of the Week''; Places $1.20 Year-End Price Target on Stock
SANTA MONICA, Calif., May 3, 2004 (BUSINESS WIRE) -- Wall Street 'WizKid' Chris Lahiji, who at 20 is the youngest person ever to professionally manage a mutual fund, has selected Destiny Media Technologies, Inc. (OTCBB: DSNY) as his 'Stock Pick of the Week,'and placed a $1.20 year-end price target on the stock.
Lahiji, whose investing talents were promoted to the investment world in a Business Week Magazine feature article last April, manages the Frontier Equity Fund (FEFPX) and is also the President of DailyTrends.com.
Lahiji, in his report, cited the fact that Destiny's Clipstream is their most innovative software and allows advertisers, content owners, and marketers the ability to make and deliver high quality video and audio over the Internet. The unique quality of Clipstream is that its 'playerless', meaning that there are no downloads and plug-ins necessary. He also noted that the company's MPE technology also happens to be very unique. It is the only digital distribution system that is compatible with 'Peer to Peer'systems.
'The proliferation of media transfer filings, the growing migration of advertisers focusing on Internet users, and the ease of use for Clipstream will in my opinion cause revenues to increase substantially moving forward. Profit will inevitably follow due to costs being fairly fixed, and it will be pouring once it comes in. They have a very loyal customer base and more and more companies are taking interest in their products, including the military recently. MPE and Clipstream will be the future of Destiny, and if that's the case, then it won't be long till the stock doubles from here.'
Chris Lahiji is the President of DailyTrends.com as well as the Co-Manager of the Frontier Equity Fund (FEFPX). He has been featured in magazines and newspapers such as BusinessWeek, Barron's, Money, Institutional Investor, Kiplinger's, IBD, Los Angeles Times and has appeared on CNN 'In the Money,'CNNfn, PBS 'Wall Street Week with Fortune,'Forbes.com, and CBS Marketwatch in the past year.
DailyTrends.com, a Wall St. Pulse company, is an Internet based Financial web site that provides self-directed investors information on selected public companies that in the opinion of DailyTrends.com have great investment potential. It is a non-registered investment advisor.
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SOURCE: Daily Trends, Inc.
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