News / Business
QualityStocks.net "Top Movers and Shakers" for 10/3/2007
The QualityStocks.net Daily Newsletter would like to highlight Genesis Technology Group, Inc. (GTEC) "As One To Watch". The stock closed today at $0.30 on heightened volume with 14,724,401 shares traded (GTEC) was highlighted by HotOTC.com, Subway. Genesis Technology Group, Inc. share surged yesterday on news of a reverse merger with the owners of Laiyang Jiangbo Pharmaceuticals Co., Ltd., which is located in a coastal city in Shandong Province. As a part of the merger due diligence process LJPC underwent an audit, which confirmed the company’s total revenue of $76,000,000; net income of $22,000,000; total assets of $55,000,000; and cash on hand of $17,000,000. The audit also found that LJPC saw revenue increases of 187% over the previous two years, and net income has risen by an average of 748% over the same period.
The QualityStocks.net Daily Newsletter would like to highlight Legend Credit, Inc. (LGMB) "As One To Watch". The stock was previously at $0.014 up 14% at $0.016 with 16,300 shares traded. (LGMB) has a 52 week trading range of $0.02 to $0.14. Legend Credit, Inc. announced last month the signing of a letter of intent with an established promoter of combat sports events. Under the agreement Legend Credit plans to develop the programming, Internet streaming, merchandising and licensing, video on demand, and foreign rights sales. The established promoter has 5 years experience in the promotions business and also owns an existing library that Legend hopes to immediately monetize if a definitive agreement is reached.
The QualityStocks.net Daily Newsletter would like to highlight Viper Powersports Inc. (VPWS), which closed today at 1.05 with 3,500 shares traded. Viper Powersports Inc. announced that its 652-horsepower, 220-mile-an-hour Melling Hellcat supercar will be featured in the Juiced 2: Hot Import Nights Video Game produced by THQ Inc., which is scheduled for release this month. Viper Powersports Inc. shares were boosted on the announcement that the company had signed an agreement to acquire 100% of the outstanding shares of Melling Sports Cars Inc. for 6,827,000 shares of Viper Powersports Common stock. Viper Powersports Inc. will now be known as Viper-Melling Corporation, giving the company Viper Motorcycle Company, Melling Sports Cars, and Al Melling Performance as 100% owned subsidiaries.
China Architectural Engineering, Inc. (RCH) previously at $12.25 up 53% at $18.75 with 3,403,867 shares traded (RCH) was highlighted by Wall Street Grand. China Architectural Engineering, Inc. shares surged 130% over the last two day, less than a week after announcing that its common stock was approved for listing on the American Stock Exchange under the symbol (RCH) The new listing gives the company greater visibility as well as an opportunity for investors looking to invest on the increased popularity of Chinese based companies. China Architectural Engineering, Inc. will register approximately 3.9 million shares held by existing shareholders, and will offer is offering 737,000 shares on the open market.
Xinyinhai Technology, Ltd. (XNYH) previously at $1.40 up 26% at $1.77 with 168,174 shares traded (XNYH) was highlighted by Small Cap Voice. Xinyinhai Technology, Ltd. recently announced that it has entered into a letter of intent with the Administrative Committee of Harbin Songbei District. The deal allows Xinyinhai's operating subsidiary a 70 year right to use approximately 30,000 square meters of land in the Harbin Songbei High & New Technology Industry Zone. Xinyinhai plans to build a $6.6 million construction project, to include office buildings, a factory and new printing equipment, which will double its output of 30 million magnetic bank deposit books, 10 million bank receipt books and 10,000 cases of computer certificates.
The QualityStocks.net Daily Newsletter leader by volume is S3 Investment Company, Inc. (SIVC) previously at $0.0007 up 14% at $0.0008 with 132,803,262 shares traded. (SIVC) is a favorite of Small Cap Voice and was also highlighted today by Penny Stock Site. S3 Investment Company, Inc. today issued its newsletter updating the investment community on its subsidiary Redwood Capital's binding agreement to secure the shell company for the upcoming reverse merger of its client, Dalian Chuming Group Co., LTD, into the U.S. public markets.
Renhuang Pharmaceuticals, Inc. (RHGP) previously at $1.60 up 37% at $2.20 with 112,610 shares traded. (RHGP) was highlighted today by The Subway and OTC Picks. Renhuang Pharmaceuticals, Inc. announced the filing of its quarterly report 10Q on September 19, 2007 and reported its results for the third quarter and nine months ending July 31, 2007. The company announced that its year-to-date total net income was up 175% from 3.08 million to $8.46 million. Renhuang Pharmaceuticals, Inc. also announced that the company has completed the transaction to acquire the Qingyang Herbal Extracting Factory from Yerui Pharmaceutical Co. Ltd. The acquired facility is capable of processing approximately 18,000 tons of herbal raw materials into extracts, doubling the Company's current herbal extraction capacity.
Gemini Explorations (GXPI) previously at $ 0.12 up 20% at $ 0.1450 with 403,719 shares traded. (GXPI) is a favorite of GMCR. Gemini Explorations, Inc. announced today that the company will release its sampling results from the Los Chorros Gold Project in the next ten to fourteen days. The company is focused on extending the known mineralized zone of the Los Chorros Gold Mine. Gemini Explorations, Inc. is confident that The Los Chorros Mine presents an excellent opportunity for Gemini to take advantage of the near record high gold bullion prices and provides an internal source of cash flow to fund its ongoing development and exploitation of its wholly owned La Planada Gold Project, a potential multi million ounce gold deposit in southern Colombia.
Prom Resources, Inc. (PRMO) previously at $0.033 up 57% at $0.052 with 703,179 shares traded. (PRMO) hit a number of radars recently including Wall Street Savant, HotOTC.com, Inside Move, OTC Picks, Stock Stars, StockEgg.com, and Shazam Stocks. Prom Resources, Inc. announced today that it will now resume shipments of gold bearing ore at the rate of 50 kilos per week. The company also recently announced the opening of its new office located in the Capital Antananarivo, giving management efficient access to mine its site locations and will facilitate resourceful and rapid transfer of mine site shipments overseas.
QualityStocks.net would like to highlight our newest client VirTra Systems, Inc. (VTSI) as "One To Watch" (VTSI) previously at $0.019 up 15% at $0.022 on massive volume with 2,439,099 shares traded. VirTra Systems, Inc. shares and volume surged today on news of a small arms training simulator order from the United States Army. The order also specified inclusion of a scenario authoring station allowing customers to easily and quickly develop their own training scenarios as needed, making training more specific to each customer's environment and policies, and at a considerable savings compared to custom-produced filmed scenarios.
QualityStocks.net would like to highlight one of our newest clients Perfect Web Technologies, Inc. (PWBI) "One To Watch" previously at $0.08 up 11% at $0.09 with 406,303 shares traded (PWBI) is a favorite of The Green Baron and was also highlighted by Wise Alerts, and The Knobias Clip Report. Perfect Web Technologies, Inc. shares surged today on yesterday's announcement through it's subsidiary The Perfect Web, Inc. which has agreed in principle to acquire Digital Communications, Inc., which through 4 master contracts have booked over $12 million in sales, with each of these master contracts having the potential for over 100 million in gross revenue.
QualityStocks.net would like to welcome our newest client nCoat, Inc. As "One to Watch". (NCOA) previously at $0.45 up 10% at $0.49 with173,048 shares traded (NCOA) was highlighted by Small Cap Stock Analyst and Wall Street Stock Review. nCoat, Inc. announced that CEO, Paul S. Clayson would be featured in an audio interview on Market News First with MN1's Andrew Coffey. In the interview provides insights into, the nanotechnology market, as well as updates on recent efforts by the Company related to its nanotechnology coating products.
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