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PACIFIC GOLD CORPORATION                                           Investrend Reiterates Buy Rating   GET REPORT                
Pacific Gold 'Buy' Rating Reiterated By Investrend Analyst James Darcel In 'Benchmark' Research Update
10/17/2007
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NEW YORK, Oct 17, 2007 (BUSINESS WIRE) --

(Investrend Research Syndicate) Investrend analyst James P.W. Darcel, CFA cites successful financing and the high price of gold relative to potentially undervalued company stock as a positive development for Pacific Gold Corp. (OTCBB: PCFG), reiterating a "Buy/4" rating in his most recent Benchmark research Update dated October 16, 2007.

The full Investrend report on PCFG, including important disclosures, disclaimers and analyst qualifications, is available at http://www.investrendresearch.com , or may be directly accessed via this link: http://investrend.com/Admin/Topics/Articles/Resources/953_ 1192594213.pdf . (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.

In the report, analyst Darcel also stated:

"Recent insider sales and the Oct. 5 reported financing using convertible debentures (Cot. 5, 2007) are caution signals that investors should consider. The requirement for short-term financing may indicate that the Company's operating cash-flow and earnings may be lower than projected. However, until operating results become available, PCFG stock rating is unchanged at Buy - 4 and it also remains the author's opinion that the stock is potentially undervalued. Until the Company reports otherwise, the author's 2008 earning's forecast will be maintained and PCFG stock will continue without a target price until the Company's sales and earnings are more visible and predictable."

Analyst Darcel concluded:

"It is the author's opinion that Pacific Gold Corp. management have successfully financed and managed their company reasonably over the past 3 years and that significant production of gold is underway based on the Company's reports, which should contribute to material growth in PCFG shareholder value in the future."

All Investrend Research reports published for PCFG, including important disclosures and disclaimers are also available via the company's InvestorPower(tm) Page, posted at Investrend.com (http://www.investrend.com). InvestorPower(tm) Pages are directly accessible from http://www.investrend.com/company/list.asp?sPathParam=yes . Investors are advised to read those disclosures carefully before trading in the equities of any enrolled company.

Pacific Gold Corp. is enrolled in Investrend Research's pioneering professional research program, which facilitates independent analysts to provide coverage for shareholders in companies that otherwise would have little or no analyst following. Enrollment fees for the Benchmark research platform are $26,800, and the fees are being paid by the company. Analysts are paid in advance of initial reports by Investrend Research to eliminate pecuniary interest, and neither the analyst nor anyone associated with Investrend Research may own or trade in the stocks of a company under coverage.

Investrend subscribes to the exacting "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com , as well as the CFA-NIRI Guidelines at http://www.cfainstitute.org . Investrend's Research platform is also executed in accordance with Guidance set forth by U.S. Securities and Exchange Commission's Advisory Committee on Smaller Public Companies at http://www.sec.gov/info/smallbus/acspc/acspc-finalreport_d.pdf .

Anyone interested in receiving alerts regarding Pacific Gold research or webcasts should e-mail contact investrend com with "PCFG" in the subject line, or click on http://www.investrend.com/contact.asp .

Forward-Looking Statements: Statements in this news release that are not historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results.

SOURCE: Pacific Gold Corp.


 

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