SAN FRANCISCO, CA — (Marketwired) — 11/25/14 — announced today that it has initiated coverage on (OTCQB: VUZI) (“The Company” or “Vuzix”) with a twelve-month price target of $8.50. Ross Silver, Principal Analyst at Vista Partners, stated, “There has been a tremendous amount of media interest and coverage of the wearable display/phone industry including Vuzix. Vuzix products have been written up in USA Today, Forbes, Fortune, CNET, Wired, Scientific American, and numerous technology publications, as well as, featured on television and radio. The interest likely comes as a result of the growing interest in wearable computers and displays, which IMS Research projects will generate $6 Billion in sales by 2016. According to ABI Research, 485 million wearable computing devices are expected to sell annually by 2018 with the smart glasses expected to account for 75 million of that total.”
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Vista Partners LLC, founded in 2005, is a Registered Investment Advisor in the States of California and Oregon. The firm–s professional staff has backgrounds in finance, corporate communications and investment banking. Vista focuses on investing globally across all market sectors. Vista also provides investment considerations on publicly traded companies through a platform of stock research reports, newsletters, company specific webpages and daily commentary. The platform of products is meant to serve as potential tools for investors to learn about investment considerations. It is Vista–s mission to provide investors with tools that may enable them to make profitable investment decisions with the goal to deliver investment considerations that outperform small, mid and large cap equity indexes.
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