Dallas 3/2/2011 9:13:09 AM
News / Finance

CXLT, EDNE, MCTC, CPSV, CVCT: Microcap Stocks Reaching New Heights

Microcap Stocks Reaching New Heights: CXLT, EDNE, MCTC, CPSV, CVCT

Net Savings Link Inc. (OTCBB:CXLT) has gained 105.26% or $.20 a share to settle at $.39 with a volume of 22.8 million shares traded by the close of the market. The stock has penetrated its 50 day moving average of $0.072 and 200 day moving average of $0.086 with a relative strength index of 84.28.

Net Savings Link, Inc. focuses on operating as an online information media distribution system. It intends to provide electronic access to savings, discounts, sales, coupons, specials, and preferred member venues to businesses, organizations, families, and individuals.

Eden Energy Corp. (OTCBB:EDNE) has gained 81.82% or five cents a share to settle at $.10 a share with a volume of 86,800 shares by the close of the market. For the past 52 weeks the stock has been trading between three cents a share and $.25 a share with a current market capitalization of $989,000.

Eden Energy Corp. is an exploration-stage oil and gas company engaged in the exploration for petroleum and natural gas in the State of Nevada and in the Province of Alberta, Canada. The Company primarily focused and engaged in development drilling of the White River Dome, Ant Hill Unit Project in Colorado.

Microchannel Tech (OTCBB:MCTC) has gained 75% or three cents a share to settle at seven cents with a volume of 15,500 shares. For the past 52 weeks the stock has been trading between two cents a share and $.15 a share with an average volume of 27,837. Company has a market capitalization of $3.77 million.

MicroChannel Technologies Corporation is a development-stage company. The Company is focused on the identification, acquisition, and development of technologies and products for commercialization. It focuses on acquiring rights to technologies and products developed by third parties, universities and government agencies, through cooperative research and development agreements. As of August 31, 2010, the company was engaged in identifying new commercial opportunities.

Consumer Products Services Group (OTCBB:CPSV) has gained 68.75% or two cents a share to settle at five cents with a volume of 36,100 shares. For the past 52 weeks, the stock has been trading between two cents and $.51 a share with an average volume of 100,649 shares. Company has a market capitalization of $2.43 million.

Consumer Product Services Group, Inc., formerly Global Dynamics Corp. is a development-stage company. On September 23, 2008, the Company entered into an exclusive worldwide agreement with Appelfeld Zer Fisher, in relation to a technology for a right-angle wrench socket wrench adaptor. The technology presents the design and development of an adapter for adapting a right-angle wrench, such as an Allen wrench, to a socket wrench or ratchet handle.

Convenientcast Inc. (OTCBB:CVCT) has gained 100% or $.10 a share to settle at $.20 with a light volume of 15,000 shares.

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. Always do you own homework before investing in any stock.

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 for any current or recent stocks listed in this stock news report