Cohen Independent Research Group Initiates Coverage of KORE Nutrition Inc. with a Cohen Price Target of $10.50

^{Published on 2010-08-31 05:10:21 - Market Wire}
 

Cohen Independent Research Group Initiates Coverage of KORE Nutrition Inc. with a Cohen Price Target of $10.50

HENDERSON, NV, Aug. 31 /PRNewswire-FirstCall/ - Kore Nutrition Incorporated ("Kore" or the "Company") (OTCBB: KORE) and the Company's wholly owned subsidiary, Go All In, Inc. ("ALL IN"), are pleased to announce that Cohen Independent Research Group, Inc. ("Cohen") has initiated coverage of the Company with an initial Cohen Price Target of $10.50.

The Cohen Price Target is derived using a combination of four academic and market-based valuation approaches (one of which is the discounted cash flow valuation) that are equally weighted (25%) components used in calculating the Cohen Target Price.

To download the full report please visit Cohen Independent Research Group's website, [ www.cohenresearch.com ] or visit ALL IN Energy's investor website: [ www.allinenergy.net ]

ABOUT COHEN INDEPENDENT RESEARCH GROUP

Led by Paul Cohen, Cohen Independent Research Group is Wall Street's # 1 Independent Research Firm. As founder of Bear Stearns Western Regional Offices, Paul Cohen was one of the original 12 Dirty Dozen analysts, regarded by many to be the top 12 security analysts in the nation. Mr. Cohen was also the West Coast Senior Vice President of CBWL-Hayden Stone-American Express. Mr. Cohen's partners were Sanford I. Weill (past Chairman and CEO of CitiGroup and past Chairman of Solomon Smith Barney), and Arthur Levitt (past Chairman of the Securities and Exchange Commission (SEC). For more information, readers can visit the company's website at [ www.cohenresearch.com ]

 "On Behalf of the Board of Directors" Jeffrey Todd 

About Kore Nutrition and ALL IN

Kore, through its wholly-owned subsidiary, ALL IN, is engaged in the business of developing, producing, and selling non-alcoholic beverages. It produces premium energy drinks and an enhanced purified water under the brand name, ALL IN(TM) Energy, to suit the demands of an active world. Unlike competitive energy drinks, which can lack great taste and occasionally create a mere energy blip, ALL IN(TM) Energy is a premium sugar free product, with no carbohydrates, and less than 10 calories per can. ALL IN(TM) Energy uses herbs, vitamins and amino-acids to provide a balanced and sustained sharpening of focus and pure energy. ALL IN(TM) Energy drinks are available in three unique and delicious flavors: Citrus, Grape and Acai Berry. ALL IN also offers a premium water that uses advanced technologies, and preliminary research suggests that ALL IN(TM) water is a faster hydrator than ordinary tap water and other mineral waters. Legendary poker champion Johnny Chan has joined together with fellow top poker professionals, who all endorse ALL IN(TM) Energy drinks. Kore intends to expand the production, sales and distribution of ALL IN(TM) Energy drinks and water over the next twelve months. For additional information, visit ALL IN's websites at [ www.allinenergy.com ]

Disclaimer for Forward-Looking Information

The Company has paid $11,500 for the production of Cohen's report with respect to the Company. The information in the report should not be relied on by investors in making a determination to purchase or dispose of the Company's stock. This news release contains forward-looking statements. Forward-looking statements are projections in respect of future events or the Company's future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "intends", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continues" or the negative of these terms or other comparable terminology and include statements such as that based on the Cohen Initial Price Target, the target price for the Company's stock is $10.50. In addition, the Cohen report contains many other forward looking statements, including: (i) that Kore's energy drink products will perform very well and attract new consumers to the energy drink market; (ii) that Kore expects to ramp-up production in 2010 and begin widespread distribution to convenience stores, supermarkets, hotels and casino; (iii) that Cohen expects Kore's revenues to grow steadily in the next several years; (iv) information included in tables throughout the Cohen report pertaining to, among other things, future sales, revenues, earnings and margin forecasts, percentage changes in annual revenues, margins and assets, ; (v) that the intrinsic value of Kore's stock will increase over time based on the Cohen discounted cash flow methodology; (vi) statements such as that Cohen projects revenues of $2 million in 2010 growing to $32 million in 2014; (vii) that Kore will be successful at distributing its products in the western US in 2010 and 2011 and expanding distribution throughout the US in following years; (viii) that many of Kore's competitors will gain very little market share and that most will be discontinued; (ix) that Kore's operating margins are expected to improve with increasing volumes due to improved gross margins and a slower increase in operating expenses relevant to revenues; * that Kore's free cash flows will increase throughout the reports forecasted timeframe; (xi) that after annual revenues reach $20 to $30 million, Kore is likely to consider taking manufacturing in-house; (xii) information relating to the expected growth of the energy drink market; (xiii) that Kore is expected to gain significant market share because of the appeal of its products to diabetics; (xiv) that Kore's products well sell well to both older and younger age groups; (xv) all information concerning financial projects whether based on industry average PE, industry average price/capital employed, the Cohen Performance Index or the discounted cash flow model, including base case, pessimistic and optimistic scenarios; and (xvi) all information contained in the financial exhibits included in the Cohen report. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Kore or its industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements. These risks and uncertainties include: a renewed downturn in international economic conditions; any adverse occurrence with respect to the development or marketing of Kore's drink products; the inability of Kore to expand the production, sales and distribution capacity of ALL IN in the next twelve months; any adverse occurrence with respect to any of its licensing agreements; its ability to successfully bring products to market; product development or other initiatives by its competitors; fluctuations in the availability and cost of materials required to produce its products; any adverse occurrence with respect to distribution of its products; and other factors beyond Kore's control. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, levels of activity or performance. The information presented herein is presented for the limited purpose as set out herein and may not be appropriate for other purposes. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform such statements to actual results. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in Kore's annual report on Form 10-K for the fiscal year ended December 31, 2009, its quarterly reports on Form 10-Q, and other periodic reports filed from time-to-time with the Securities and Exchange Commission at [ www.sec.gov ].

SOURCE Kore Nutrition Inc.