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Our Stocks to Watch tomorrow include The Italian Oven Inc. (OTC: IOVE), China GrenTech Corporation Ltd. (Nasdaq: GRRF) and Greenhunter Energy Inc. (Amex: GRH). Visit http://www.otcpicks.com/microcap.htm to register for our Daily Market Mover's Digest Newsletter, and Email Stock Watch Alerts.
ITALIAN OVEN INCORPORATED (OTC: IOVE) "Up 123.08% on Friday" In February 1997, The Italian Oven, Inc. completed the sale of substantially all of its assets to the Italian Oven LLC, an affiliate of the Whitecliff Group, Inc., in connection with its filing for voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code. Following the sale, The Italian Oven changed its name to Store Liquidation Company, Inc. Previously, The Italian Oven was engaged in the owning, operating, and franchising of Italian-style family-oriented casual dining restaurants in 16 states in the mid-Atlantic, midwest, southeast, and southwest regions of the United States; and in Australia.
CHINA GRENTECH CORPORATION LIMITED (NASDAQ: GRRF) "Up 47.04% on Friday" GrenTech is a leading developer of radio frequency ("RF") technology in China and a leading provider of wireless coverage products and services in China. The Company uses RF technology to design and manufacture wireless coverage products, which enable telecommunication operators to expand the reach of their wireless communication networks to indoor and outdoor areas, such as buildings, highways, railways, tunnels and remote regions. GrenTech's wireless coverage services include design, installation and project warranty services. The Company also tailors the design and configuration of its wireless coverage products to the specific requirements of its customers. Based on its in-house RF technology platform, the Company also develops and produces base station RF parts and components sold to base station manufacturers. GrenTech is a qualified supplier of RF parts and components to the global and domestic major base station manufacturers including Huawei Technologies and ZTE Corporation.
GREENHUNTER ENERGY INCORPORATED (AMEX: GRH) "Up 71.97% on Friday" GreenHunter Energy, Inc., together with its subsidiaries, operates in the wind, solar, biofuels, and biomass power plants businesses. It develops wind energy projects located in Montana, New Mexico, Texas, Wyoming, and California; a biodiesel refinery located in Houston, Texas; and a biomass power plant located in El Centro, California. The company is headquartered in Grapevine, Texas.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Disclosure: OTCPicks.com has not been compensated by any of the companies covered in this release. OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk.
