Prime Equity Research Initiates Coverage on AmbiCom Holdings, Inc. With Speculative Buy Rating

MILPITAS, CA--(Marketwire - March 09, 2011) - Prime Equity Research has initiated coverage of AmbiCom Holdings, Inc. (OTCQX: ABHI) resulting in a speculative buy rating and a price target of $.35. AmbiCom closed on March 8 at $0.08 per share.

The 18 page report details information on the company’s business, opportunities and potential, including the firm’s current client base of major manufacturers of medical equipment that use AmbiCom’s wireless technologies and solutions in their diagnostic and monitoring equipment.

For access to the report and information on Prime Equity Research, please visit the company’s website. Interested parties may obtain the report at www.primeequityresearch.com.

Prime Equity Research is comprised of a seasoned team of equity analysts with extensive securities market research. The analyst who wrote this report is Kipley J. Lytel, CFA.

About AmbiCom
AmbiCom is headquartered in Milpitas, California, is a leading designer and developer of wireless products focusing on the wireless medical industry whose stock is now trading on the OTCQX electronic platform (www.otcmarkets.com). The Company’s wireless modules and devices are based on the Company’s innovative application software for both Wi-Fi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. The Company plans to grow organically, and to augment that growth by selectively acquiring complementary products and technologies via acquisition opportunities deemed to be of strategic value.

Forward-Looking Statements

This press release contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although the forward- looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements including, but not limited to, our ability to maintain our website and associated computer systems, our ability generate sufficient market acceptance for our shipping products and services, our inability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in the our reports filed with the Securities and Exchange Commission, including those risks set forth in the Company’s Current Report on Form 8-K filed on November 13, 2007, which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward- looking statements in order to reflect any event or circumstance that may arise after the date of this release.