The shares of ETLY.OB are currently trading 13.86% higher than yesterday’s close. This price movement follows the stock’s confirmation of support at 18 cents and the recent announcement that the company closed the acquisition of Minit Charger.
ECOtality completed a total of four acquisitions in 2007 and now has a very large business reaching into the various market segments the company has targeted. ECOtality CEO, Jonathan Read, stated that the company plans to continue expanding through acquisition this year.
The Company has specifically pursued midlife companies ready for a higher level of growth that can benefit from operating under a single portfolio. This year ECOtality anticipates becoming a revenue as well as earning positive company.
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