Cohen Independent Research Group Issues Buy Recommendation on Conspiracy Entertainment...

Cohen Independent Research Group Issues Buy Recommendation on Conspiracy
Entertainment With a $0.35 Per Share 12-Month Price Target

LOS ANGELES, May 20 /PRNewswire-FirstCall/ -- Conspiracy Entertainment
(OTC Bulletin Board: CPYE) ("Conspiracy"), a developer, publisher and marketer
of interactive entertainment software in North America and Western Europe,
announced today that Cohen Independent Research Group (CIRG), Wall Street's
leading independent research firm, has initiated coverage on Conspiracy with
a Buy recommendation and a 12-month price target of $0.35 per share. CIRG
provides an in-depth analysis, including 5-year financial and valuation
projections, on Conspiracy's business and its significant growth drivers. A
copy of the report is available for download at http://www.cohenresearch.com
or http://www.otcfn.com/cpye.
(Logo: http://www.newscom.com/cgi-bin/prnh/20060905/LATU010LOGO )
An excerpt from the CIRG report states, "The company (Conspiracy) has more
than a decade's experience in developing and distributing gaming content in
the U.S. market. The company is well-positioned to take advantage of the
increasing interest of interactive entertainment among casual gamers.
Conspiracy's edge is its 'budget gaming' strategy and well entrenched
distribution network and product development agreements. We believe its future
prospects and attractive valuation are exciting. We are initiating coverage
with a BUY rating.
"At our price target of $0.35 per share, CPYE shares are valued at 1.54x
and 1.22x our 2008 and 2009 EPS estimates, respectively."
About Cohen Independent Research Group
The Cohen Independent Research Group is Wall Street's leading independent
research firm, concentrating on emerging companies with strong management
teams focused on shareholder value and sustainable competitive advantage.
Cohen's research reports highlight the company's market opportunity,
technology, management, competition and other key differentiators that may
affect their long- and short-term valuation. Cohen focuses on those public
companies that lack or have minimal Wall Street research analyst coverage.
Cohen research reports are commissioned and paid for by the companies covered,
or by third parties. For more information, visit:
http://www.cohenresearch.com.
This report/release is for informational purposes only. All information
contained herein is based on public information. Cohen Independent Research
Group (CIRG) complies with securities laws, regulations and ethical standards
as related to our legal and compliance requirements. Certain securities
regulations are cited and disclaimed in our Disclaimer. Ethical standards as
related to our firm are the foundation of those securities laws and
regulations we follow. Our firm is not a member of any association for other
research providers. Our firm's policy is to comply with any new securities
laws and regulations that might be promulgated in the future. CIRG is a
registered investment advisor that distributes contracted third party
independent research purchased from outside third party contracted securities
analysts. CIRG received a value of fifteen-thousand dollars in cash and
services from National Financial Communications Corp. for one year of coverage
on Conspiracy Entertainment. To access the complete disclaimer, download a
copy of the Conspiracy report at http://www.cohenresearch.com.
About Conspiracy Entertainment Corporation
Conspiracy Entertainment Corporation is a developer, publisher and
marketer of entertainment software in North America and Western Europe. The
Company develops and licenses properties from several sources, including
global entertainment and media companies and publishes software for DVD media,
wireless devices, personal computers and video game consoles, including those
manufactured by Nintendo, Sony Computer Entertainment, Inc., and Microsoft
Corporation. Conspiracy Entertainment was founded in 1997 and is based in
Santa Monica, CA. For more information, visit http://www.conspiracygames.com/.
Safe Harbor Statement: The Private Securities Litigation Reform Act of
1995 provides a "Safe harbor" for forward-looking statements. Certain of the
statements contained herein, which are not historical facts, are
forward-looking statements with respect to events, the occurrence of which
involved risks and uncertainties. These forward-looking statements may be
impacted, either positively or negatively, by various factors. Information
concerning potential factors that could affect the company is detailed from
time to time in the company's reports filed with the Securities and Exchange
Commission.
SOURCE Conspiracy Entertainment

Rick McCaffrey, Investor Relations for Conspiracy Entertainment,
+1-781-444-6100, ext. 625, rick@otcfn.com