Hollund Industrial Marine, Inc. (PINK:HIMR) reached up 54.55% in morning trading to $.0017 with 100M shares traded. Hollund Industrial Marine Inc. (“Hollund”) is an industrial marine equipment and services company. Hollund has the exclusive patents to TigerLynk Technology. TigerLynk is an innovative Underwater Remote Manipulator System designed for underwater logging and other challenging marine applications. The Company is currently developing the new AR-120 Machine with plans for a major product debut. Hollund Industrial Marine, Inc. (HIMR) Monday announced that the company has reduced the Issued and Outstanding share count by just over 1 Billion Shares – starting the intended Dilution Reform Program (share reduction plan) weeks earlier than originally contemplated.
Independent Film Development Corporation (OTCBB:IFLM) reached up 20% in morning trading to $.06 with 1.5M shares traded. Independent Film Development Corporation overall plan of operations is to acquire and develop independent films for production, sales and distribution, with a goal toward significant partnerships with mini-major and the major film studios, such as Lionsgate and Sony, while simultaneously emulating those companies’ recipes for success. They plan to emphasize film distribution, the most profitable segment of the film industry. Independent Film Development Corporation (OTCBB: IFLM) announced yesterday that it signed an agreement to produce the upcoming feature film, "Famine".
ValueVision Media, Inc. (NASDAQ:VVTV) reached up 12.78% in morning trading to $1.94 with 200K shares traded. ValueVision Media, Inc. operates ShopNBC, a multichannel electronic retailer that enables customers to shop and interact via TV, phone, Internet, mobile devices, Facebook, Twitter and YouTube. The ShopNBC television network reaches over 82 million cable and satellite homes in addition to live nationwide streaming at www.shopnbc.com. ShopNBC focuses on the categories of jewelry and watches, home and consumer electronics, health, fitness and beauty, and fashion. ValueVision Media, Inc. (VVTV) today announced operating results for its fiscal 2012 second quarter (Q2'12) ended July 28, 2012. ValueVision's Q2'12 net sales rose 2.3% to $135.2 million versus Q2'11, driven by sales improvements in the Watches, Fashion, Home and Beauty categories. This performance offset a decrease in Jewelry category sales and an anticipated decline in Consumer Electronics. Gross profit margin decreased 60 bps to 38.2% in Q2'12 versus Q2'11, principally due to increased shipping and handling promotions. ValueVision returned to positive adjusted EBITDA in the second quarter, achieving adjusted EBITDA of $0.7 million.
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