SeeThruEquity Issues Company Note on IGC


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Companies Mentioned

NYSE:IGC
05/07/2014 [ACCESSWIRE]

Company Announces Hire of Key New Executive for Medical Marijuana Initiative

New York, NY / ACCESSWIRE / May 7, 2014 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced that it has issued a company note on India Globalization Capital, Inc. (NYSE MKT: IGC).

"IGC’s announcement that it is hiring a new executive, William Wilkerson is an encouraging step forward in the company’s foray into the medical marijuana industry.  Mr. Wilkerson has impressive experience in his previous positions at Microsoft and Microsoft Research, where he led multiple engineering teams to visualize organic materials, carbon forensics and hydrology.  According to the press release, Mr. Wilkerson will consider acquisitions and organic growth opportunities in the MM sector in both the United States and Canada.  In addition, the press release notes that the company will also look to India and Canada for potential partnership opportunities.  We find this broad geographical approach encouraging, especially since cannabis is licensed in Canada.  We are maintaining our price target of $3.05 per share," stated Ajay Tandon, Chief Executive Officer of SeeThruEquity.

The note is available here: IGC Company Note.  SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will also be available on these platforms.

Please review important disclosures on our website at www.seethruequity.com

About SeeThruEquity
SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. We do not conduct any investment banking or commission based business. We are approved to contribute our research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks and distribute our research to our database of opt-in investors. We also contribute our estimates to Thomson Estimates, the leading estimates platform on Wall Street.
For more information visit www.seethruequity.com.

About IGC
Based in Bethesda, Maryland, India Globalization Capital, Inc. is engaged in the beneficiation, trading and leasing industries in the U.S., China and India. The Company's plan in the short term is to create cash flow from existing assets and in the medium term to expand its asset base through opportunistic acquisitions. For more information about IGC, please visit IGC's website at http://www.indiaglobalcap.com.

Contact:

Ajay Tandon
SeeThruEquity

(646) 495-0939

SOURCE: SeeThruEquity

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