Causeway Entertainment (PINK:CIST) shares were among the volume leaders from the SmallCap space today after announcing new research report earlier today. In late trading, the stock was up 6 percent at just under 3 cents per share on heavy volume of more than 2 million shares compared to its average daily volume of only 190,000 shares. Causeway Entertainment has a market cap of $1.3 million and a 52-week range between $0.01 and $1.04 per share.
Causeway Entertainment, through its wholly owned subsidiary Cage Wars Championship Ltd. (CWC), provides a diverse range of Mixed Martial Arts (MMA) products to international consumer groups. The Company has been operational for the last 10 years and has a loyal client base and an experienced management team.
The Company expects to generate revenue from multiple sources including live events, TV and Digital media, Merchandise and Athlete management. MMA is the fast growing sport, internationally, as is valued as a billion dollar industry. Causeway Entertainment intends to leverage its established brand equity to capitalize on the robust growth in the MMA market.
The Company is operationally organized under four revenue generating divisions: Cage Wars Live (MMA events), Cage Wars TV and Digital (television rights, advertising), Cage Wars Merchandise and Cage Wars Athlete Management.
Grass Roots Research projects revenues of approximately $117,000 in 2010 and $16.7 million in 2014. Margins are likely to expand as the Company gains popularity and is able to sell event associated merchandize and media content. Grass Roots Research expects the Company to be cash flow positive from the third year of operations. These figures assume funding requirements of $1.3 million in the 2010-2011 and $1.0 million in 2012.
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