As the market’s opening bell rings, investors fly out of the gates to begin trading. The major markets are following up yesterday’s gains by starting strong again today. The Dow is up 103.72 points to begin this morning, while the S&P and Nasdaq are up 10 and 20 points respectively as of 8:40 a.m. CDT. This should signal similar movements in the microcap markets today as we do have several companies making gains this morning.
HealthSport Inc. (OTCBB: HSPO) announced this morning the commencement of production of the latest addition to its offering of edible thin strip products, the Fix Hangover Strip, which is a supplement packed with nutrients to provide quick relief from hangover symptoms.
“Our Fix ingredients merged with this new edible film Strip technology is a fantastic combination,” said Clay Cooley, president of Cooley Nutraceuticals, in a statement earlier. “When you begin to look at the literature out there, hangovers cost society more than $100 billion dollars in lost wages, missed work days, and poor productivity. I think it’s safe to say there is a market for this product. Instant relief is a must, so our proven formula, paired with the delivery speed of the strips and the compact and convenient package, couldn’t be a better match. Our Web site has only been up for a week and a half, and we have not even started our marketing campaign; however, to date, we have had over 12,722 hits. The excitement this product offers speaks for itself.”
This could be the next best thing to help people deal with the problems of hangovers. Potentially, you could take one of these at night to help you receive aid while you sleep, and pop one when you wake up to help you feel refreshed and ready to start the day. The company’s stock price has increased 21 cents, or 18 percent, to $1.35 this morning.
Earnings reports have helped Zoom Technologies Inc. (Nasdaq: ZOOM) increase its stock price by 5 cents, nearly 5 percent, to $1.15. The leading producer of modems and communications products reported net sales of $4.3 million for the second quarter of 2007. Although this is down by 4 percent year over year, the company did increase its sales in the UK and North America by 20 percent and 6 percent respectively.
“We are unhappy with our losses, but encouraged by the progress we’ve made over the past year,” said, Frank Manning, Zoom’s president and CEO, in a statement. “We have significantly reduced expenses, and we have increased shelf space in both the U.S. and UK, our largest markets.”
The revenue gains seen in the UK and North America were probably enough to help maintain investors’ support after the announcement.
International Fuel Technology Inc. (OTCBB: IFUE) announced today that Schnuck Markets Inc. has purchased IFT’s DiesoLIFT 10 for use in its entire distribution fleet. The company’s share price has increased 12 cents, or 25 percent, to 54 cents this morning.
“With such a large fleet, we are constantly seeking ways to reduce fuel consumption, cut back on emissions, and make our fleet more efficient,” said Steve Carroll, Schnuck markets director of Transportation, in the press release. “IFT’s DiesoLIFT technology has provided a significant boost to our fleet’s overall fuel economy, which translates to immense savings on our annual fuel costs that can then be passed on to our customers. IFT’s products have also been easy to implement and fit perfectly with Schnucks ongoing commitment to having one of the most fuel-efficient fleets in the country.”
This purchase ordered followed successful field trials in which IFT demonstrated the efficacy of DiesoLIFT 10. This field trial helped Schucks realize they could get 6 percent better fuel economy in its trucks.
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