LONDON, Nov. 19, 2013 /PRNewswire/ -- Edison Investment Research, a leading international investment research firm, has issued a short note on Single Touch Systems (OTCBB: SITO), a technology driven mobile media marketing company with expertise in push notifications, abbreviated dial codes, loyalty rewards, location based marketing and campaign management.
Edison's 18 November QuickView, Zoove licence signals value in patent portfolio, states that the Zoove settlement helps validate Single Touch Systems' IP strategy, which is being accelerated following recent high-profile recruitment. The company's mobile media division is cash flow positive and growing, and management has signalled its confidence in the outlook by announcing a 20m share buyback programme. This should provide some downside support to the share price.The patent portfolio provides some option value.
The brief analysis by Edison's technology team shows the operating division is profitable and has a recurring and growing revenue stream, which with an operationally geared business model should convert to strong earnings growth.
For the full report see: http://www.edisoninvestmentresearch.com/search/Single%20Touch%20Systems
The QuickView on Single Touch Systems demonstrates Edison's worldwide technology coverage. Edison provides research coverage on more than 55 technology companies across the UK, mainland Europe, North America and Australasia, All reports Edison publishes are available to download free of charge from its website www.edisongroup.com.
About Edison Investment Research
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For more information please contact:
Bridie Barrett Schmidt Edison Investment Research +44 (0)20 3077 5700
About Single Touch Systems
Single Touch Systems (SITO) is a technology driven mobile media marketing company specialising in push notifications, abbreviated dial codes, loyalty rewards, location-based marketing and campaign management. With a portfolio of 20 patents and 30 in application, it also pursues a strategy of IP acquisition and exploitation.
SOURCE Edison Investment Research