Universal Bioenergy Inc. (PINK:UBRG) reached up 14.06% in morning trading to $.073 with 1M shares traded. Universal Bioenergy Inc. is an alternative energy company, and intends to create and market natural and alternative energy sources including natural gas, petroleum, solar, biofuels, wind, synthetic fuels and related energy technology products. Universal Bioenergy Inc. (Pink Sheets:UBRG.PK - News) announced today that it has filed its Annual Report on Form-10K for the fiscal year ended December 31, 2010 with the Securities and Exchange Commission. The annual report contains the Company's audited financial statements, management's discussion and analysis (MD&A), its plans and future outlook and other disclosures.
USA Technologies (NASDAQ:USAT) reached up 12.64% in morning trading to $2.05 with 300K shares traded. USA Technologies is a leader in the networking of wireless non-cash transactions, associated financial/network services and energy management. USA Technologies provides networked credit card and other non-cash systems in the vending, commercial laundry, hospitality and digital imaging industries. The Company has been granted 79 patents and has agreements with Verizon, Visa, Compass and others. USA Technologies (NASDAQ:USAT - News) issued a letter to their Shareholders today.
iBrands Corporation (PINK:IBRC) reached up 16.67% in morning trading to $.0007 with 39M shares traded. i BRANDS CORPORATION is a publicly traded holding company that is vertically and horizontally integrated in the Internet technology industry. Their strategy is executed through development of proprietary technologies, development of proprietary brands, and possible acquisitions of companies that have a unique product niche, cash flowing, and provide strong management. Currently, the Company has two operating divisions, those being: (1) iMenu24/7, Inc and (2) i Software, Inc. iBrands Corporation (OTCPink: IBRC) announced that, following several months of negotiating the terms and structure of the acquisition of Galileo, the company has signed a purchase agreement to acquire majority interest in Galileo. This acquisition is significant for iBrands because, historically, Galileo’s biggest quarter includes the Christmas season which will add significantly to iBrands earnings going forward.
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