Vista Partners Updates Coverage on AUXILIO Inc.; $3.35 Target Price
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SAN FRANCISCO, CA, Dec 05 (Marketwire) -- Vista Partners announced today that it has updated coverage on AUXILIO Inc. (OTCBB: AUXO) ("The Company," "AUXILIO" or "AUXO"); and maintains its twelve month target price of $3.35. Ross Silver, Principal Analyst at Vista Partners, stated, "Between December 2011 and June 2012, AUXILIO signed contracts worth an estimated $90 million in new service revenue over the life of the contracts which are all five years. The contracts represent 45 hospitals including some of the nation's most prestigious health care provider organizations and health care systems." Mr. Silver concludes, "AUXILIO announced in August that it expects revenue growth in excess of 50% in 2012, based solely on contracts closed since December 2011. In the recent third quarter earnings release, the Company stated that it expects to reach cash flow positive from operations during 2013. Should both of these occur we believe it would serve as a catalyst to the share price and enhance AUXILIO's position of potentially being targeted as an acquisition candidate." To download a FREE copy of the AUXILIO Inc. research report, please visit http://www.vistapglobal.com and click the "download research" icon to gain access to the report. About Vista Partners: 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. Please follow us on Twitter @VistaPResearch & Facebook at Vista-Partners to receive updates, thoughts and ideas about our coverage universe of companies. Disclaimer & Disclosure: For a full list of disclaimers and disclosures, please visit our website www.vistapglobal.com or click here. Contact: 877.215.4813 firstname.lastname@example.org Copyright 2012, Marketwire, All rights reserved. -0-
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