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RedChip Visibility Initiates Research on Edgewater Foods International, Inc.

RedChip Visibility Initiates Research on Edgewater Foods International, Inc.

ORLANDO, Fla., Oct. 5, 2006 (PRIMEZONE) — RedChip Visibility, a division of RedChip Companies, announced today that they have initiated research on Edgewater Foods International, Inc. (OTCBB:EDWT).

Patrick Murphy, RedChip Research Analyst, Level III CFA Candidate, wrote in the report:

"Assuming that in 2009, EDWT has achieved results close the projected harvest and profitability, the fully diluted forward earnings per share for 2010 could approach $0.97. Applying a forward multiple of fi

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