ITLI.OB has been experience a massive amount of volume today as shares moved up over 14%. At this time, volume has totaled over 2.60 million – a 2,800% plus increase above the 10-day average. Earlier in today’s trading the stock reached $0.50 for a 19% increase compared to yesterday’s close.
New German legislation offers additional opportunity for the Company to continue growing at a rapid pace. As terms of the new legislation, every German telco and Internet service provider will be required to retain phone and Internet surfing log data on each subscriber for a minimum of 6 months. This directive will be highly beneficial in important criminal investigations.
The CEO of Intelligentias, Ian Rice, stated, “This new legislation provides us with an enormous opportunity and we intend to step up our sales and marketing activity in Germany accordingly. I think Retentia (a subsidiary of the Company) is ideally suited to capture a great deal of new business.”
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