Zoom Technologies, Inc. (NASDAQ:ZOOM) reached up 49.35% in morning trading to $4.63 with 4M shares traded. Zoom Technologies is a holding company with subsidiaries that engage in the manufacturing, research and development, and sale of electronic and telecommunication products for the latest generation mobile phones, wireless communication circuitry and related software products. Zoom Technologies' subsidiary, Jiangsu Leimone, owns a majority stake of TCB Digital, which offers highly customized and high quality Electronic Manufacturing Service (EMS) for Original Equipment Manufacturer (OEM) customers as well as its Own Brand Manufacturing (OBM) under the Zoom and Leimone brand names. The company's products are both exported and sold domestically. Qualcomm Incorporated (NASDAQ:QCOM - News), a leading developer and innovator of advanced wireless technologies, products and services, and Zoom Technologies, Inc. (NASDAQ:ZOOM - News) today announced that they have entered into a subscriber unit license agreement. Under the terms of the agreement, Qualcomm has granted Zoom a worldwide, royalty-bearing patent license to develop, manufacture and sell WCDMA and TD-SCDMA subscriber units. The royalties payable by Zoom are at Qualcomm's standard worldwide rates.
Westmont Resources, Inc. (OTCQB: WMNS) reached up 12.31% in morning trading to $.146 with 150K shares traded. Westmont Resources is an independent natural resource and development company headquartered in Bellevue, Washington, with principal operations in the United States. Westmont's business model emphasizes the acquisition and operation of existing producing assets, in the oil and gas industry. As new technologies expand both the exploration possibilities and production of oil and gas in the face of ever-rising demand, obtaining peak efficiency and production from existing aging wells becomes increasingly profitable. Westmont Resources is committed to significant growth as it pursues its strategy to combine and consolidate assets and companies in the oil and natural gas production and services sectors. Westmont Resources, Inc. (OTCQB: WMNS) ("Westmont"), announced Monday evening that it is in final negotiations to widen its investments into its EcoRecovery4 system ("ER4"). The company previously announced an MOU Agreement with Parker Technology Inc for the inclusion of their Heavy Oil Extraction technology as the core component of ER4.
Garb Oil & Power Corporation (OTCQB:GARB) reached up 16.67% in morning trading to $.0035 with 16M shares traded. Garb Oil & Power Corporation is a company dedicated to the application of ClosedCycle(TM) principle and NoWaste(TM) residue. Their plants for Rubber Recycling, EWaste and E-Scrap Recycling and Waste to Energy processing plants are all developed with these principles in mind. Garb believes that processing waste should be economically viable and leave NoWaste(TM). Garb Oil & Power Corporation ("Garb") and USA Recycling Industries Inc., have signed an LOI to form a "joint venture operation in North America, on a 50/50 basis, whereby USA Recycling Industries will provide access to its national contracted commercial customer locations, for the purpose of establishing the collection and processing of scrap used tires for recycling, availability of its warehousing facilities and provide access to international consumers of recycled rubber and steel.
Mustang Geothermal Corp. (OTCBB:URXE) reached up 16.28% in morning trading to $.50 with 100K shares traded. Mustang Geothermal Corp. is a Reno-Nevada, U.S. renewable-energy company focused on the exploration, evaluation and development of clean, sustainable geothermal power and other “green” energy sources. With over 6,620 hectares acres in of geothermal properties in North America, and 3,600 hectares in South America, Mustang Geothermal Corp. is poised to expand the resource base and potential of Great Basin geothermal resources in years to come. Mustang Geothermal Corp. (OTCBB:URXE.ob - News) ("Mustang" or the "Company") announced today the start of exploration activities on the Company's Banos de Inca project located in southern Peru.
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