Source: Private Media Group Inc.
BARCELONA, Spain, May 12 /PRNewswire/ — Private Media Group Inc. (Nasdaq: PRVT – news), worldwide leader in premium-quality adult entertainment products, services and Internet content, today announced that its stock is the subject of strong ‘buy’ signals for the short, medium and long-term from key financial website, Barchart.com. PRVT received an Overall Average of ‘96% Buy’.
Using a range of stock analysis software, Barchart.com‘s opinion of PRVT stock reveals:
1. Short-Term. An ‘80% Buy’ signal based on an average of Short Term Indicators, or technical analysis tools, such as ‘7 Day Directional Indicator’, ’10-8 Moving Average Hilo Channel’, ‘Price vs. 20 Day Moving Average’, ’20-50 Day MACD Oscillator’ and ’20 Day Bollinger Bands’
2. Medium Term. A ‘100 % Buy’ signal based on an average of Medium Term Indicators such ’40 Day Commodity Channel Index’, ‘Price vs. 50 Day Moving Average’, ’20-100 Day MACD Oscillator’ and ’50 Parabolic Time/Price’
3. Long Term . A ‘100% Buy’ signal based on an average of Long Term Indicators such as ’60 Day Commodity Channel Index’, ‘Price vs. 100 Day Moving Average’ and ’50-100 Day MACD Oscillator’
In addition, Barchart.com‘s multi-parameter analysis of PRVT within the context of the stock sector, ‘Publishing – Periodicals’, ranks Private Media Group in third position out of 13 publishing stocks. Using indicators such as ‘Weighted Alpha’, ‘Relative Strength’ and ‘YTD Percent’, as well as historical stock statistics such as ‘Historical Volume’, ‘Average Volume’ and stock highs and lows, PRVT ranks below Primedia and Penton Media, but above such established names as Reed International Plc, Elsevier NV, Meredith Corporation, Ziff-Davis, Playboy Enterprises Inc. and Easyriders.
Barchart.com, which is owned by Market Research Inc. of Chicago, Illinois, was launched in December 1995 as an Internet website designed for commodity and index traders. With its value added content and technically accurate information, Barchart.com quickly became the prominent supplier of commodities charts and data on the Internet. In January of 1999, it upgraded its content to the next level by expanding its market coverage to include the U.S. stock market, and now its market information is being used by millions of different investors every month. Barchart.com also provides private label services, ranging from standard quote and chart packages to private trading system sites driven by real-time or delayed data with custom programmed analytics. On its website, Barchart.com advises that it is “not a trading firm” and that it is “not advising you to make these trades, these are simply the results of the analysis of each of these studies.”
The leading publicly-quoted adult entertainment company in the world, Private Media Group Inc., is the founder of the globally established brand name ‘Private’ and has positioned itself in the marketplace with a visionary management strategy that combines both New Economy (Internet, multimedia, e-commerce) and Old Economy (videos, magazines) business models. Maintaining a total adult lifestyle philosophy, this is reflected in the Company’s broad range of products and services, both proprietary and licensed, and its strategic policies of development, diversification and acquisition.
For more information, visit the Company’s corporate Web site at www. prvt.com
This release contains, in addition to historical information, forward- looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the Company’s current judgments of those issues. However, because those statements are forward-looking and apply to future events, they are subject to such risks and uncertainties, which could lead to results materially different than anticipated by the Company.
CONTACTS: In Barcelona, Spain: Johan Gillborg of Private Media Group Inc., +34-93-590-7070, johan@milcap.es; or In London, England: Adam Reynolds of Hansard Communications.Com, 207-840-7782, adam.hansard@clsholdings.com
