News / Business
QualityStocks.net "Top Movers and Shakers" for 10/10/2007
QualityStocks.net would like to highlight Cardiac Network Inc. (CNWI) "as one to watch". Cardiac Network Inc. shares have surged over the last two months, helped by the announcement they have partnered with Tierra Technologies to provide the IT Infrastructure for its state-of-the-art Patient Monitoring Center in San Francisco and its HeartLine Monitoring Service. Cardiac Network Inc. continues to gain investor attention on news that effective October 1, 2007, Cardiac Network Inc. products will be available to Humana Inc.'s members in Florida. Florida represents 30% of Humana's members making it the largest state in Humana's nationwide network.
QualityStocks.net would like to highlight Signature Devices, Inc. (SDVI). Signature Devices, Inc. Announced last month the start of development of its "Online Web 2.0" based gaming community that is scheduled to go live by November in time for the holidays. The service will provide free games as well as a subscription based service, giving gamers the choice of a number of retail games at no cost, other than shipping and handling. Subscribed users will also enjoy some free retail games and steep discounts on other retail games currently published and future products by Graffiti Entertainment. The company plans to entice users to subscribe to the service by providing a package that has a retail value far beyond their subscription costs for the year.
Point Therapeutics, Inc. (POTP), previously at $0.04 up 550.00% at $0.26 on increased volume with 49,916,336 shares traded, was highlighted by Stockegg.com and Bull in Advantage. Point Therapeutics Inc. said it agreed to be acquired by Dara BioSciences, a privately held development-stage pharmaceutical company. Point's shares nearly tripled in early electronic trade to 12 cents, after closing at 4 cents on the Nasdaq on Tuesady. Dara stockholders will hold 96.4 percent of Point's outstanding shares, and Point will change its name to Dara BioSciences Inc, the two companies said in a statement.The proposed acquisition will qualify as a "reverse merger" under a Nasdaq marketplace rule, the companies said. As a result, Dara intends to file an initial listing application, although Point's common stock is currently listed on Nasdaq.
MultiCell Technologies, Inc. (MCET), previously at $0.04 up 271.43% at $0.13 with 4,157,520 traded, was highlighted today by OTC Stock Exchange. MultiCell Technologies, Inc entered into a worldwide exclusive license and technology purchase agreement with Corning Incorporated of Corning, NY concerning the Company's Fa2N-4 immortalized adult human liver cell lines. Corning paid MultiCell a license fee, and has agreed to purchase certain inventory and equipment related to MultiCell's Fa2N-4 cell line business, hire certain MultiCell scientific personnel, and pay for access to MultiCell's laboratories during transfer of the Fa2N-4 cell lines to Corning.
Shandong Zhouyuan Seed and Nursery Co., Ltd. (SZSN), previously at $0.06 up 141.67% at $0.14 with 1,415,174 shares traded, was highlighted by OTC Stock Exchange. Shandong Zhouyuan Seed and Nursery Co., Ltd which is incorporated in the State of Delaware, announced that its subsidiary company in China, Shandong Zhouyuan Seed and Nursery Co., Ltd. had developed a new sales and distribution network. According to the agreement signed between Zhouyuan and Zhaoyuan Jinfeng Seeds Company once the provided seeds are successfully approved and validated by local relevant government departments, Jinfeng will be fully authorized to produce and sell the seeds in Zhaoyuan area.
TEEKA TAN PRODUCTS. (TKAT), previously at $ 0.04 up 36.17% at $ 0.06 with 6,035,561 shares traded, was highlighted today by Lebed.biz. Teeka Tan Products, Inc. this month updated the progress of the proposed merger between Teeka Tan Products and the Taiyuan Rongan Business Trading Company. Last month Teeka Tan Products announced it entered into a letter of intent to Acquire TRBT and targeted September 15th as the proposed closing date. The merger plans are still progressing as planned and are now anticipate closing the transaction by October 17, 2007
Spicy Pickle (SPKL), previously at $ 1.16 up 23.28%% at $1.43 with 1,910,233 shares traded, was highlighted by Market Pulse, OTC Journal, OTC Picks, SmallCap Network, Hot Stock Chat, and Stock Wire. Spicy Pickle this week announced that the company completed its own self underwritten Initial Public Offering, by selling 4,352,780 shares of its common stock, priced at $.40, for gross proceeds of $1,741,112. Yesterday the company announced it has signed its first franchisee in the state of Florida, marking the 15th state in which there will be a Spicy Pickle Restaurant. The company anticipates opening approximately 14 more units, bringing its network to 40 restaurants in 13 states.
ARCADIA RESOURCES (KAD), previously at $ 0.80 up 22.50% at $0.98 on with 282,200 shares traded, was highlighted today by Knobias. Governor Mitch Daniels joined Arcadia HealthCare CEO Marvin Richardson today to announce the Company's plans to relocate its national headquarters to Indianapolis, IN. The move sets the stage for the Company's national launch of its DailyMed(TM) consumer product line aimed at reducing medication errors, improving medication compliance and ultimately lowering the cost of care.
QualityStocks.net would like to highlight our newest client VirTra Systems, Inc. (VTSI) as "One To Watch". (VTSI) closed today at $0.026 with 118,050 shares traded. VirTra Systems, Inc. yesterday announced 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) closed today at $0.092 with 282,113 shares traded. 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 highlight Global Resource Corp., previosly at $1.73 up 8.67% at 1.88 with 56,790 shares traded. (GBRC) Was highlighted this month by GMCR and VigilantTrader. Global Resource Corp. annouced that the company has filled two new positions on their Board of Directors, expanding the board to 5 members. The two new board members puts the company in complience with regulations in anticipation of applying for listing on the American Stock Exchange. The company has seen increased media attention after recently entering the recycling industry with the sale of its first HAWK energy conversion unit
QualityStocks.net would like to highlight our newest client Prom Resources, Inc. (PRMO) "As One To Watch". (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. 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. Prom Resources, Inc. shares were boosted in August on the announcement that it has secured additional 16 perimeters in the Toliara province of Madagascar.
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