NEW YORK–(BUSINESS WIRE)–May 31, 2005–(Investrend Research Syndicate) In a Wall Street Research Update on Public Company Management Corp. (OTCBB: PUBC - News), Investrend Research analyst Kipley J. Lytel, CFA has reiterated his “Speculative Buy/4″ rating and upgraded his 18-month target valuation to $2.80.

The analyst stated:

The catalyst for the rating and price target stems from both the disparity between the company’s intrinsic valuation and current enterprise market value, plus:

1. (1) over 340% second quarterly revenue growth and a shift toward positive operating earnings from the same period last year;
2. (2) two-fold increase in new client contracts in 2QFY05 compared to 2QFY04, followed by another three new contracts since the quarter;
3. (3) PUBC’s history of exceeding our operational execution projections with revenue, contracts, and operating margins;
4. (4) diverse revenue streams within a synergistic business model;
5. (5) strong industry fundamentals with a 10-fold increase in OTCBB companies over five years;
6. (6) new OTCBB filing requirements generating sharp increases in SEC related documentation;
7. (7) truly turnkey business platform, fully integrated ‘one-stop shop’ with inherent cross selling mechanisms;
8. (8) shareholder participation in a de facto ‘private equity venture portfolio’ model that can yield immense financial upside; and
9. (9) seasoned executive manager complemented with powerhouse strategic partners and investment advisory board.

The company has shifted toward a more balanced structure, with revenue gearing up at an astounding pace; we anticipate operating margins to widen from 18% in 2QFY05 to 20% in the second half of FY2005, and to 25% in FY2006.

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