DecisionPoint Systems, Inc. Receives a Strong Buy Rating from Harbinger Research
Foothill Ranch, CA — June 9, 2010 – DecisionPoint Systems, Inc. (OTCBB:DNPI) a leading provider of enterprise mobility solutions, today announced that Harbinger Research, LLC, a leading independent equity research firm, has initiated analyst research coverage on DecisionPoint Systems with a Strong Buy rating.
Brian R. Connell, CFA, a Harbinger Research senior analyst, stated that, “DecisionPoint Systems, Inc. is presently substantially undervalued compared to comparable companies and should benefit from significant future growth in the enterprise mobility market for many years to come. We have given the company a “Strong Buy” rating and anticipate that the shares should appreciate about 250% to $1.10 in the next 12 months.”
“We are very optimistic about the future growth of our company arising out of growing demand within the mobility market,” said Nicholas Toms, CEO of DecisionPoint. “Right now is the best time to help Wall Street, and the investment community, truly understand the exceptional value that our business represents as we enter into a period of rapid growth and expansion driven by substantial demand for our products and services.”
Harbinger Research covers a number of U.S.-listed companies. To view Harbinger Research’s coverage initiation on DecisionPoint Systems, Inc., rated by Brian R. Connell, CFA, please click on the following link: http://www.harbingerresearch.com.
About Harbinger Research, LLC
Harbinger Research is an independent equity research firm that employs a research team consisting entirely of CFA charter holders and follows a number of companies across a wide variety of industries. Harbinger Research makes all of its reports available through its website at http://www.harbingerresearch.com and also distributes content through InvestorsInsight Publishing and through most major financial portals.
About DecisionPoint Systems
DecisionPoint Systems, Inc. (OTCBB: DNPI) delivers improved productivity and operational advantages to its clients by helping them move their business decision points closer to their customers. They do this by making enterprise software applications accessible to the front-line worker anytime, anywhere. DecisionPoint utilizes all the latest wireless, mobility, and RFID technologies. For more information on DecisionPoint Systems visit: http://www.decisionpt.com/news.php.
Under The Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectation.
Harbinger Research received $15,000 from an unaffiliated third party in connection with report authoring and distribution services.
Lippert Heilshorn & Associates