YAKC Yak Communications

Investology Research Issues In-depth Report on Yak Communications Inc. (YAKC) With Buy Recommendation POTOMAC FALLS, Va., May 24 /PRNewswire/ -- Investology Inc., an independent research company specializing in micro & small-cap stocks, issued an in-depth report on Yak Communications Inc. on 18 May '04, with a Buy recommendation and a 12-month target price of $13.03. Nadeem Naqvi, Director of Research and the analyst covering YAKC, stated that the company is attractive on a valuation basis, high expected revenue and cash flow generation and a strong, low-debt balance sheet. Additionally, he believes that recent equity injection of $18 million has created an embedded option in the share value that does not appear to have been captured in the share price yet. YAKC is a facilities-based reseller of telecom services to residential consumers and small & medium-size enterprises. Nadeem Naqvi has over twenty years experience in the financial services industry. He has held positions as Head of Research at Morgan Stanley's Pakistan Investment Fund's advisory arm, and Head of Merrill Lynch's Pakistan research. Mr. Naqvi is a member of AIMR, and holds a MBA from City University Business School in London, U.K. Mr. Naqvi is based in Toronto, Canada. About Investology Inc. Investology's research team focuses on six industry sectors: Financial Services, Real Estate, Technology, Healthcare, Energy, and Diversified Industrials. The emphasis is on micro-cap and small-cap stocks, which lack coverage by traditional research firms or investment banks. The report can be downloaded from Investology Inc.'s website at http://www.investologyinc.net/ or http://www.investologyinc.net/pages/7/index.htm. Investology Inc. is headquartered in Virginia (703-636-4300), with offices in New York and Toronto, Canada. Investology's research reports are available on First Call, Zacks.com and Bloomberg. * Disclaimer: Investors are directed to read disclaimers in each report issued by Investology Inc. Information, opinions or ratings contained in the reports issued are submitted solely for information purposes and no guarantee or representation is made as to the completeness or accuracy. Investology Inc. accepts no liability whatsoever for any direct or consequential loss or damage arising from any use of its reports or contents therein. Investology Inc.'s report or study is not intended as an offering or a solicitation of an offer to buy or sell the securities mentioned or discussed. Investors should conduct their own due diligence before investing in the company covered by the respective reports. Investology Inc. is a member of the National Association of Securities Dealers, CRD number 130408. DATASOURCE: Investology Inc. CONTACT: Nadeem Naqvi of Investology Inc., +1-703-636-4300 Web site: http://www.investologyinc.net/ http://www.investologyinc.net/pages/7/index.htm

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