Goldman Small Cap Research Initiates Coverage of Rewards Nexus, Inc.
BALTIMORE, MARYLAND--(Marketwired - Nov 4, 2013) - Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has initiated research coverage of Rewards Nexus, Inc. (OTC Pink: ERNI), whose Earn IQ Inc. subsidiary is currently running an innovative -- first of its kind -- rewards program in the U.S. serving restaurants in the New York area with combined services of online food ordering and in-store dining rewards.
Rewards Nexus is poised to change the face of the loyalty management and rewards industry. The size of the loyalty and rewards market is huge. ACI Worldwide estimates that the total value of all loyalty rewards and points stands at $48 billion. According to the National Restaurant Association state statistics, there are over 42,000 restaurants in New York alone, which is ERNI's initial target market.
Following a six-month beta test, the Company's Earn IQ subsidiary has officially launched its innovative rewards program with tremendous results. Earn IQ's unique loyalty program currently serves hundreds of restaurants in the New York area with combined services of online food ordering and in-store dining rewards. Earn IQ has amassed 2,000 members in short order due to its clever Endless Rewards program which is a key, driving differentiator in the market. Diners can earn back an industry-leading 5-9% of their total bill.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
"Rewards Nexus subsidiary Earn IQ has a brilliant model that is compelling for merchants and consumer alike. Therefore, we believe ERNI will experience exponential membership and revenue growth over the coming quarters as it penetrates its current target markets during Q4, typically the industry's most important season. Moreover, we believe that the company may be the only pure play membership rewards stock of its kind focused on the lucrative combined services of online food ordering and in-store dining rewards."
This press release contains excerpts of our most recently published research report on WhereverTV. To view the sponsored research report, disclosures and disclaimers, or to download the report in its entirety, please visit www.goldmanresearch.com.
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
A Goldman Small Cap Research report, update, newsletter, or article is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download our research, view our disclosures, or for more information, visit www.goldmanresearch.com.
About Rewards Nexus, Inc. (OTC Pink: ERNI): Rewards Nexus Inc. is a public company with its common stock currently traded on the over-the-counter (OTC) markets, under the ticker symbol ERNI. It is registered in Carson City, Nevada and headquartered in the City of New York. The Company specializes in building and implementing key strategies for firms with high-potential and capabilities of achieving sustainable growth. Rewards Nexus Inc. provides professional support for its consolidated subsidiaries through operational business management, financing, and controlling activities. The Company targets the following business sectors: the customer loyalty management market, the gift card industry, the online food ordering industry and the marketing consulting industry.