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Market Advisors Initiates Coverage on First Canadian American Holding Corporation
Nov 8, 2005 8:30:00 AM
TORONTO, ON -- (MARKET WIRE) -- 11/08/05 -- (MARKET WIRE via COMTEX) -- First Canadian American Holding Corporation (OTC: FCDH) is pleased to announce Market Advisors has initiated coverage of their company. Market Advisors confirms a positive outlook on FCDH based on its analysis of the Company's projected growth and fundamentals. Market Advisors' price target of $0.05 indicates a strong short-term outlook. The complete, unedited analyst report appears below.
NOVEMBER 2005
Stock Symbol FCDH.PK Outstanding Shares 2,500,000,000 Current price $0.0007 Intermediate price $0.05 Web Site http://www.fcahc.com/ Investor Relations 1-416-987-2137 NEWS FLASH: First Canadian continues to invest in growth companies as part of its ongoing effort to stay ahead of the competition by offering additional product features that customers will both want and need for the future. New product lines will feature a smaller number of people engaged in any project which facilitates speed and efficiency. The company believes in order to succeed, it must differentiate itself from its competition. FCDH is in for the long-term and believes its many relationships will drive growth and enhance shareholder value.
We have initiated coverage of FCDH with a Market Out performer rating on the stock. The main challenge for FCDH is managing stability and predictability of its high growth oriented acquisitions made and the ones forthcoming.
FIRST CANADIAN AMERICAN HOLDING CORP (FCDH.PK)
Investment Highlights
-- First Canadian American Holding Corp. is fueling its growth by an aggressive acquisition strategy in a range of businesses -- Kachina Gold Corporation, an emerging junior gold exploration and production company, reported its first revenues -- FCDH has a credible plan to improve operating efficiencies
First Canadian American Holding Corp. was formed to become a viable holding company investing in development stage companies with a strong potential for growth. FCDH is committed to enhancing shareholder value by transforming itself into a leading-edge global holding company. Using a comprehensive due diligence process with the help of experts, the Company screens and ultimately acquires interests in innovative growth companies. We feel that as FCDH.PK acquires these screened companies, revenues and eventual profit streams will develop and thus enhance shareholder value. The company has a joint relationship with Terra Block Development JV, Inc., a Wyoming-based company, with use of its patented compressed earth block manufacturing equipment, using common soil and low skilled labor to construct residential and commercial facilities around the world.
The company has also acquired a major stake in The Fight Network. This is a cross-platform media company with brand interest in television, radio, print and the Internet. All four of these outlets are seamlessly integrated to offer fans of combatant sports and related entertainment a true convergence experience. FCDH expects to capture a large fanatical fan base, as it is the first and only specialty program dedicated to delivering the best of boxing, wrestling, and martial arts 24/7.
MANAGEMENT
CEO Sandy Winick has been a successful entrepreneur for over 20 years. During this time, he has gained valuable contacts and knowledge in the retail sector as well as in public and private companies. Mr. Winick began his career in public accounting and worked with several large public accounting firms, which opened the door for the opportunity to go into private business ventures. Going forward in 2005, he has decided to pursue the acquisition of innovative firms and has a proven track record of running publicly traded companies. Mr. Winick was instrumental in helping raise over $150,000,000 for various business ventures.
FCDH's goal is to become a global enterprise that is highly competitive and concentrates its core efforts on bringing together a wealth of talent, shared values and a strong commitment to developing vital cost efficient products and services worldwide. FCDH produces the safest, most reliable and affordable products available, knowing that it is critical for economic development, which helps improve the standard of living around the world. The strategic investments and acquisitions management makes could dramatically increase revenue, contain costs, and improve overall operations. Thus, we believe that in response to improving operations, and if the stated acquisitions by the company are profitably selected, the stock should rise to our stated goal.
ANALYST -- Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of noted financial publications such as the WSJ, Investors Business Daily, Barron's, The Dick Davis Digest, MoniResearch and many others. We have on staff the former editor of the Marketarian Newsletter; a nationally syndicated stock market newsletter published over twenty years.
About First Canadian American Holding Corporation
First Canadian American Holding Corporation is a holding company with subsidiaries in a range of businesses. The Company's subsidiaries conduct operations in areas of digital television, radio and building and construction and natural resources. The company is actively looking at several other opportunities in many different industries such as additional natural resources, wireless, technology and biotechnology.
Safe Harbor
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.
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