Each morning, the exchanges come alive – and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released news early this morning:
Share prices for Superconductor Technologies Inc. (Nasdaq: SCON) jumped an impressive $2.60 (78 percent) to $5.93 per share on volume of just over 7 million shares. The company announced it is in negotiation to form a joint venture with Hunchun BaoLi Communication Co. Ltd., which manufactures push-to-talk handsets and the associated battery technology for the China market. The proposed joint venture would focus primarily on the manufacturing and marketing of SCON’s SuperLink interference elimination solution for the Chinese market.
Shares of Asia Global Holdings Corporation (OTCBB: AAGH) were trading up 2 cents (23 percent) to 9 cents on volume of just over 2.2 million shares. The company announced that its subsidiary, China Media Power and its China Advertising Agency ZixunMedia entered into an agreement on August 22 with satellite channel GuiZhou TV to broadcast the Chinese version of “Who Wants to be a Millionaire?” in China.
Shares of Commerce Planet Inc. (OTCBB: CPNE) spiked up this morning after news about its upcoming conference call was released. In early trading, CPNE was up 13 cents (19 percent) to 81 cents per share on volume of around 1.1 million shares. The company announced that it will be conducting a conference call to discuss plans for its next phase of growth within its existing consumer direct membership loyalty products and the expansion of its software development and proprietary technology platforms focused on intelligent media enhancement tools for B2B clientele. CPNE intends to support the continued software development for the enhanced media technology platform through means of internal development and its merger and acquisition strategy.
Shares of Signature Leisure Inc. (OTCBB: SGLS) spiked up 10 percent to 3 cents on volume of just over 3.2 million shares. The company announced that it has recently opened negotiations to reverse merge Revenge Designs (SGLS owns a 25 percent stake in this company) into a U.S. based OTC equities exchange listed shell company. Signature previously announced that the management team at Revenge Designs had the desire to obtain a listing as a public company on a U.S. based OTC equities exchange and that Signature would provide consulting services to guide Revenge’s management team through the process.