ORLANDO, Fla., Feb. 17, 2011 (GLOBE NEWSWIRE) -- RedChip Research™, a division of RedChip Companies, Inc., today announced it has initiated research coverage on Shiner International, Inc. (Nasdaq:BEST), a government certified and licensed flexible packaging films manufacturer and color printing service provider in the People's Republic of China.
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Disclosure
None of the reports issued by RedChip Companies, Inc., constitutes a recommendation for any investor to purchase or sell any particular security nor do they constitute investment advice. RedChip certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analyst in the report. Information contained in the research reports is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. Shiner International, Inc. ("BEST") is a client of RedChip Companies, Inc. and of RedChip Visibility, a division of RedChip Companies. BEST paid RedChip Visibility, a division of RedChip Companies, Inc., 20,000 shares of restricted stock for twelve (12) months of RedChip Visibility Program services, which included the preparation of the equity research report(s). The equity research report(s) were prepared for informational purposes only and were paid for by the company portrayed in the report. Information contained in the equity research report(s) is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. The equity research report(s) are not a recommendation of a solicitation to purchase or sell any security, nor do they constitute investment advice. RedChip Companies, Inc., is currently engaged by this company to provide investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics. BEST agreed to pay RedChip Companies, Inc., a fee of $8,500 in cash per month and 25,000 shares of restricted stock for twelve (12) months of these investor relations services, as well as 25,000 shares of restricted stock when the stock price reaches $1.40, $1.80, and $2.20 respectively, for a total of 100,000 shares should the stock price pass $2.20. RedChip Companies, Inc., employees and affiliates may have positions and affect transactions in the securities or options of the issuers mentioned herein.
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