Itonis, Inc.'s (PINK: ITNS) reached up 12.73% in morning trading to $.062 with 800K shares traded. Itonis, Inc. is an Orange County, California based holding company. They were established in 2005 and are currently undergoing a company-wide transformation in 2011 to embark upon an aggressive acquisition plan to purchase high growth entrepreneurial companies that have established themselves, or are expected to establish themselves as leaders in various market niches. Itonis, Inc.'s (Pinksheets: ITNS.PK - News) announced last week that its newly acquired company, Paramount Discoveries, features its electro-magnetic frequency technology ("EMFT") that magnetizes elements and compounds of carbon, silver, and salt, which is a propriety formula-based technology that is designed for mass licensing with an expected 2012 net earnings of 75%-85%. Targeted licensees are diversified within the various industrial, manufacturing, mining, and agricultural sectors.
Drinks Americas Holdings, Ltd., (OTCBB: DKAM) reached up 20% in morning trading to $.0036 with 7M shares traded. Drinks Americas develops, owns, markets, and nationally distributes alcoholic premium beverages. In June, the Company entered into a sales and licensing agreement with Worldwide Beverage Imports, LLC and is now selling and distributing KAH Tequila, Ed Hardy Silver Tequila, Agave 99 Tequila and beer products from Cerveceria Mexicana, S. de R.L. de C.V. to include Rio Bravo , Flying Pig Mexican Ale, and Chili Devil Beer. The Company also markets Willie Nelson's Old Whiskey River Bourbon, Olifant Vodka, receives a royalty for Kid Rock's American Badass Beer and Damiana Mexican Liqueur, and owns and distributes Rheingold Beer. Drinks Americas Holdings, Ltd., ("Drinks") (OTCBB: DKAM.OB - News) announced that the Company had a net sales increase of 758% and a 131% improvement in gross margin for the quarter ending October 31, 2011 . Sales for the three months ending October 31, 2011 were $1,270,589 with a gross margin of 23.8% compared to the prior three months (ended July 31, 2011 ) of $148,080 with a gross margin of 10.3%. Drinks Americas had a net increase in sales of 758% and a 131% improvement in gross margin for the quarter.
Fleet Management Solutions Inc. (PINK: FLMG) reached up 132.65% in morning trading to $.057 with 2M shares traded. Fleet Management Solutions, Inc. provides a full spectrum of automobile fleet solutions, in the Country of Greece as well as the Balkans area. FMS offers its clients (leasing companies and corporations) numerous comprehensive fleet management solutions such as online fleet management, maintenance programs, 24 hour roadside assistance, fuel management programs, insurance programs, license and title services, telemetric and acquisition and lease buyout programs, and re-marketing of used vehicles. FMS utilizes authorized dealership networks and the BOSCH Car Service Network with 120 service locations in Greece. Fleet Management Solutions Inc. (OTC: FLMG.PK) announced that the company received a business valuation opinion from an independent firm, Valuation & Research Specialists (VRS).
OXiGENE, Inc. (Nasdaq:OXGN) reached up 27.72% in morning trading to $1.29 with 2M shares traded. OXiGENE is a clinical-stage biopharmaceutical company developing novel therapeutics to treat cancer and eye diseases. The Company's major focus is developing vascular disrupting agents that selectively disrupt abnormal blood vessels associated with solid tumor progression and visual impairment. OXiGENE is dedicated to leveraging its intellectual property and therapeutic development expertise to bring life-extending and life-enhancing medicines to patients. OXiGENE, Inc. (Nasdaq:OXGN - News) and Azanta Danmark A/S, a specialty pharmaceutical company focused on oncology, women's health and addiction medicine, have established a partnership agreement to provide access to ZYBRESTAT for the treatment of patients in Europe and Canada with anaplastic thyroid cancer (ATC) on a compassionate use basis. OXiGENE's newly-formed Named Patient Program (NPP), to be managed by Azanta, provides a regulatory mechanism to allow healthcare professionals in Europe and Canada to prescribe ZYBRESTAT to individual ATC patients while it is still in development.
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