Empire Film Group Inc.: Rated 'Speculative Buy,' Target Price $0.48 by Beacon Equity Research
Monday February 23, 2009, 10:03 am EST

DALLAS--(BUSINESS WIRE)--Empire Film Group Inc. (Pink Sheets: EFGU - News) has been rated Speculative Buy with a price target of $0.48 by Beacon Analyst, Lisa Springer, CFA.

The full report is available at www.beaconequity.com.

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In the report, the analyst writes, “Management indicates that EFGU generated revenues of $3.3 million in 2008 primarily from the sale of DVDs to Wal-Mart, a major customer. Going forward, the Company expects to diversify its revenue stream by expanding its film library and producing its own original content... Gross profits of 69.6% last year reflect strong cash flows generated from the film library with only modest related expenditures... EFGU currently has 12 films slated for theatrical release in 2009.”

Other companies in the movie production/theaters industry include: Lions Gate Entertainment Corp. (NYSE: LGF - News), Peace Arch Entertainment Group Inc. (AMEX: PAE - News), RHI Entertainment Inc. (Nasdaq: RHIE - News) and Image Entertainment Inc. (Nasdaq: DISK - News).

Beacon Equity Research Disclosure

The analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. BeaconEquity.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. BlueWave Advisors LLC has been compensated six thousand dollars from Downshire Capital, a shareholder of EFGU, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. Please read our report and visit our Web site, BeaconEquity.com, for complete disclosures.