Throughout the trading day, there are companies that make a splash through increased volume above its daily average. Below is a list of the small cap companies that have been making waves accross some of the world’s most popular stock market forums. Yahoo, Google, Investorshub, TheLion, and a few others were taken into consideration.
News Updates for: 8000 Inc. (PINK:EIGH), EMAX Holdings Corp. (PINK:EMXC), AcuMedSpa Holdings (PINK:AMSZ), Electric Car Company Inc. (OTC:ELCR)
8000 Inc.
(Public, PINK:EIGH)
The stock saw volume above daily average, causing share price to increase nearly 20% throughout the day due to its recent news.
Delivering once again on true form and after enormous success of the 8000Brand, and its sold out clothing collections, 8000inc now introduces the 8000Club, a Private members club, with membership by invitation only www.the8000club.com (PDF brochure also available to download). The 8000 Club will launch shortly a series of global events based around a Casino theme.
The 8000club will attract by annual and selective membership only clients from its global network. The events will be tailored in such a way that they will build a loyal following to spring board and establish 8000inc’s future gaming online and event plans dove tailing into the 8000inc group as a platform to showcase8000inc’s group of companies, including exclusive product launches for Brand8000 and its clothing collections at select venues around the world.
The necessary skills to build and manage these events will be handled by their recent acquisition TVGS Limited, which has a digital and events management division within its existing structure. This team will also lead and develop the 8000inc Sports Management Team to be announced shortly concurrently with the latest sports related acquisition.
Thomas Kelly, CEO 8000inc, stated, “With our recent Acquisition of TVGS Limited we had already been formulating plans to utilise their in house skills to facilitate the management and build of the 8000club and our future plan to break into the online gaming and sports management arena’s. The 8000club is a private members club with an annual subscription to offer like minded individuals the finer things in life. We marketed the platform of the 8000club to our global network as a series of live events based on themed Casino evenings. The 8000Club offers its clients the glamour of Monte Carlo with the excitement of Las Vegas. With the platform to create awareness for products within the group already in place, we have substantial leverage and pull for the launch of our online casino later this year. With this opportunity and the skill set of TVGS, it is apparent that we can deliver something special from the launch of new clothing ranges for the 8000club, to unforgettable events, moving into and succeeding in yet another high end arena, with the opportunity created and funded through the success and return already demonstrated by the company.”
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words “estimate,” “project,” “intends,” “expects,” “believes,” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe-harbour” provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see “Risk Factors” in the Company’s Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
EMAX Holding Corp.
(Public, PINK:EMXC)
Shares soared up 19%, with 7x average volume as the company announced release of financials and full disclosure filing.
eMax Holdings Corp (PINKSHEETS: EMXC) recently renamed eMax Worldwide, Inc. releases financials and full disclosure filing and further updates their shareholders of their current activity updates.
The Company’s President, Roxanna Weber, stated, “eMax Worldwide has been very busy the past few months working very diligently towards getting in complete fully reporting status and gradually working to up-list the company onto one of NASDAQ’s different listing exchanges. Currently all shareholders can now see the company’s unaudited financials and a full disclosure filing report through the end of 2009 at their website, http://www.eMaxcorp.com/disclosure/filings.html. The full disclosure document has now been forwarded to FINRA, and it is an abbreviation of all the information the company has submitted to FINRA over the past six months while working to become fully reporting. Next week the company plans to file the Full Disclosure filing and their company financials to Pink OTCMARKETS, www.pinkotc.com with the intent of moving up on the newly begun filing tier system at www.pinkotc.com and becoming more transparent with numerous filings they have prepared to file with Pink Sheets. The current average book value is $.03 and with the most current events at values between $.02 and $.10/share. This price per share does take into effect the fact that the two last dividends being issued to the shareholders in eMax Holdings Corp. carries a book value of $.02/share. The company is waiting for their auditors, Bongiovanni & Associates, Inc., http://www.BAI-CPA.com, to finish reviewing their corporate financials at this time before the company will state the final price per share dividend gain overall to the numerous dividends the company has previously announced and is preparing to mail to the shareholders in the next few weeks. The company has retained the services of McMullen Associates LLC, http://www.mcullenassociates.com as their securities legal counsel. McMullen and Associates is currently preparing the necessary filing materials to enable eMax to become fully reporting and also to file the proper paperwork with the SEC to spin off and register the partly held company, eMax Media Group, Inc. as its own publicly traded company. The company does know that the company’s dividends from year 2003 and 2005 price per share gain is much greater than initially reported due to some adjustments they have made this year. This statement is due in part to the fact that the company’s Board of Directors has made a decision that the two dividend shares that are currently being issued in the company’s name, Freedom Entertainment, from 2003 and the dividend shares issued in year 2005 in the name of Entertainmax, will be granted the right to be exchanged into the eMax Media Group company, and to be registered as freely trading shares on a share for share basis.”
Roxanna Weber also stated, “We hope this information helps our shareholders understand that our stock is currently trading way below its current book value and that they should realize that they may see tremendous gains to their stock investments over the next few months. Again we would like to thank every shareholder for their patience and support while we are working very hard towards the end result of becoming fully reporting and moving up to a higher listing with NASDAQ. Also please note that our office has been notified that there is a tremendous amount of shorting going on in our stock at this time.”
AcuMedSpa Holdings
(Public, PINK:AMSZ)
AcuMedSpa shares jumped over 13.45% on more than 3x normal average daily trading volume.
AcuMedSpa Holdings, Inc. (PINKSHEETS: AMSZ) would like to take this opportunity to provide an update on the company and the status of its pending and potential future acquisitions.
AcuMedSpa finalized its Disclosure Statement for upgrade to the Pink Sheets “Current Information” level in the OTC Market Tier system as a first step in the process to up list to the OTCBB. The company’s counsel will be issuing an opinion letter in the next few days and will file the Disclosure Statement with Pink Sheets.
AcuMedSpa Holdings Inc. is also in the process of finalizing its 2009 year-end financial statement and expects to file them within the next 10 days. Additionally, current year 2010 is moving along as expected. The company fully anticipates reaching its revenue and EBITDA targets for the fiscal year.
“These are very exciting and extremely positive developments for our company and our shareholders,” stated AcuMedSpa president, Brian Sperber. “Moving up on the OTC Market tiers and finalizing our year-end financials are very significant milestones for us. This not only demonstrates our growth and corporate progress, but it also provides our current and prospective shareholders with the kind of transparency and disclosure they need in order to make informed investment decisions.”
Acquisitions
The company is in the due diligence phase for the acquisition of a well-established current South Florida business. AcuMedSpa is currently renegotiating the terms of this agreement and expects to complete the process by March 11, 2010 with closing projected for the end of the month.
The larger acquisition is also in the due diligence phase and is progressing very well. The company expects to finalize this transaction in a timely manner.
In addition to these acquisitions, several larger players in the spa industry continue to approach the company. One such company is a very large international Spa chain that wishes to discuss potential synergies and strategic opportunities with AcuMedSpa. Another is a larger entity that contacted the company about the possibility of European expansion.
Regarding the acquisition updates Mr. Sperber commented, “We are thrilled with the progress of the deals that are currently on the table and we expect to complete them soon and emerge as a stronger and more diverse company. Over the last few months, we have worked diligently to develop new bonds and solidify existing relationships within our industry. Our progress in this area has become evident by the attention we are receiving from some of our larger industry counterparts. Forging these strategic partnerships will allow us to continue along the path to becoming a major player in the Medical Spa business in the United States and beyond.”
Electric Car Company Inc.
(Public, OTC:ELCR)
Shares jumped up more than 110% on Monday’s trading session, as an article published by Voice of America gave transparency to ECLR’s situation in Ethiopia.
An Italian-Chinese business venture is opening a factory in Ethiopia to produce a practical and affordable electric car in one of the world’s poorest countries. The firm’s manager predicts a big switchover to electric vehicles within the next few years.
Carlo Pironti has small, but revolutionary ideas. The Italian electrical engineer has been traveling the world for years, studying the automobile market. Now he is ready to act.
With an investment of about $600,000, Pironti and a group of mostly Chinese backers are opening a car factory outside Addis Ababa. Using a Korean-made body and components from 57 different suppliers, Pironti hopes that his Solaris Elettra will make a “tiny” dent in the global car market.
To read the full article, visit: http://www1.voanews.com/english/news/economy-and-business/Electric-Car-Maker-sees-Transportation-Revolution-in-Ethiopia-89878997.html
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