Larry Oakley, editor and publisher of www.WallStreetCorner.com, featured Modavox in his “Larry Oakley’s Stock Pick” editorial column today.
Bluffton, S.C. (PRWEB) March 9, 2010 -- Larry Oakley, editor and publisher of www.WallStreetCorner.com, featured Modavox (OTC BB: MDVX) in his “Larry Oakley’s Stock Pick” editorial column at WallStreetCorner.com.
In his Introductory Comment section, Oakley stated: “I have been covering an emerging growth situation -- VirnetX Holding Corporation – you can see it at “Larry Oakley’s Bold Ventures” editorial column at our home page at WallStreetCorner.com. What impressed me was its patents and the fact that it is suing Microsoft for patent infringement – a “David & Goliath” story.
“Because I was so interested in VitnetX, I did some investigation of other possible David & Goliath type situations. What I found was a very interesting opportunity called Modavox. The company has only a $72 million market cap, patented Intellectual Property estimated to be worth $1 billion & a fully funded operating mobile marketing business, projected to be cash flow positive within just twelve months. It is one of the few pure-play publicly traded mobile companies that is focused on the cutting edge of mobile advertising, viewed by many as "the next big thing" in advertising & projected to exceed the $24 billion online advertising market in three to five years.”
He added: “The recent announcement of a sophisticated “Midwest” investor investing $2 million at prices higher than the current market & the addition of the former President of E*Trade Capital Markets at E*Trade Financial to its board doesn’t hurt either. Given all this, I believe this $1.20 stock could easily reach its 52 week high of $4.38 in 2010 as the investing public gets more aware of the powerhouse potential of both the IP & the operating business.
“It is seldom that I find another great company so soon, but given the number of similarities between the two stories I decided to immediately bring it to your attention. While VirnetX roughly doubled in the weeks since we found it, Modavox may offer similar, if not better potential.”
Oakley stated that Modavox has the patent portfolio to do something very similar to what VirnetX is doing & will do in the future. It has the potential of providing investors with an early stage opportunity reminiscent of Qualcomm. Just like the VirnetX situation, Modavox has already had a very favorable Markman ruling against AOL, is almost three years into litigation, & is in process of filing a request for sanctions against them. They have also expanded their litigation & patent monetization initiative by filing additional suits against Yahoo & Time Warner. The business side of Modavox is focusing on the explosive growth area in the mobile market where both Google & Apple have made large acquisitions in the last several months.
About WallStreetCorner.com: Formed 20 years ago by Larry Oakley, known as the "Elder Statesman of Emerging Growth Company Writers," as a venue for his Conservative Speculator newsletter, www.WallStreetCorner.com, including the Research Reports of its clients, and his five editorial columns, is now regularly read by serious investors in 96 countries.
Safe Harbor Statement: This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from forecasted results. These risks and uncertainties include market conditions, regulatory approvals, and other risks.
Contact: Larry Oakley, editor, WallStreetCorner.com, Inc.
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