Investorideas.com and Techsectorstocks.com, a Technology Stocks Investor Portal within Investorideas.com, announce the availability of an updated research report for Geeks On Call Holdings, Inc. (OTCBB: GOCH), issued by Emerging Growth Research. Geeks On Call is a premier national provider of on-site computer service and solutions to small business and residential markets. The update features photos and details on merchandising of the initial 20 Sam's Club locations initially announced in an 8K filing.
The Company also announced news it has become an authorized reseller of Hewlett-Packard products and services through HP's PartnerONE Program, a network of approved Enterprise and SMB solution providers.
Emerging Growth Research Report Update Hi-lights:
Update Report – Sam’s Club Merchandising Well Underway - New Photos of Merchandising Effort
Merchandising at the initial 20 Sam's Club locations is well underway and it appears the company is already seeing increased business as a result. In this report we provide investors with some photos of what we believe is an impressive merchandising effort.
Geeks On Call recently reported in an 8K filing it had begun offering outsourced IT services out of selected Sam's Club locations. The services, which we believe are modeled after Best Buy's highly successful Geek Squad business, will initially target 20 Sam's Club locations. In our opinion, this is a company-making event, on which investors should capitalize by purchasing these shares. As a result of gaining this contract, we recently raised our six-month Price target from $2.00 to $3.00.
As computer and consumer electronic technologies become increasingly complex, businesses and consumers are increasingly turning to out sourced IT services. This market is growing rapidly and currently valued in excessive of $8 billion for the US alone. It is estimated the market is underserved by an additional $11 billion due to a limited selection of reliable vendors. We believe GOCH is well prepared to target this $19 billion market opportunity.
With a market capitalization of only approximately $17.5 million, we view the company as meaningfully undervalued relative to the significant market opportunity and thus urge small-cap investors to seriously consider purchase of these shares. We are expecting more than a doubling of revenues for Fiscal 2009.
Recent News: Geeks On Call(R) Becomes Authorized Hewlett Packard Reseller
Monday August 4, 2008
Joins HP PartnerONE SMB Network
Analyst: Joseph Noel is a 29-year veteran of the telecommunications and investment industries. Joe was recently a senior analyst at Pacific Growth Equities, LLC, where he tracked the communications equipment/services and advanced industrial sectors. Prior to Pacific Growth, he covered both the telecommunications equipment and services industries at Hambrecht & Quist and was employed by Gartner/Dataquest as a communications industry analyst.
About Geeks On Call Holdings, Inc. (OTCBB: GOCH)
Geeks On Call is a wholly owned subsidiary of Geeks On Call Holdings, Inc. (OTC Bulletin Board: GOCH.OB). Founded in 1999, the Company is a pioneer in the mobile, rapid-response on-site IT service concept. Geeks On Call's certified IT professionals service small businesses and residential customers across the nation, providing computer privacy and security solutions, hardware and network installations and troubleshooting, as well as repairs, upgrades and consulting. Geeks On Call also co-markets through endorsed vendor relationships with other Franchisors, who offer GOC services to their franchisees as a value-added benefit. Over 250 independently owned and operated franchises have been granted, with new franchise and Corporate locations opening regularly.
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