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TODAY'S MOVERS AND SHAKERS
NITRO PETROLEUM, INC (OTCBB: NTRO)
Nitro Petroleum, Inc. (OTC BB: NTRO | news | PowerRating | PR Charts ) is trading up 15% on heavier than usual volume following the Company's March 20, 2008 announcement that the Company's majority stockholder has surrendered its ownership of 100 million shares of the company's common stock. Those 100 million shares have been cancelled and will be returned to treasury stock. The cancellation of these 100 million shares resulted in a 67% reduction in company's total outstanding shares. The company now has 48,540,000 shares of common stock outstanding.
Larry Wise, President of Nitro, explains that with the new market cap we can now move ahead with potential financing opportunities in this very exciting Energy market. To read the entire story, click here: http://biz.yahoo.com/iw/080320/0377697.html.
ASKMENOW INC. (OTCBB: AKMN)
AskMeNow Inc. (OTCBB: AKMN | news | PowerRating | PR Charts ) is trading up 23% on active volume following the Company's March 20, 2008 filing of a Form 8K with the SEC disclosing that on March 11, 2008, AskMeNow, Inc. (the "Company") entered into a Hosting Service and Data Supply Agreement with Research in Motion Limited ("RIM"), pursuant to which AskMeNow will provide the means for end-users of BlackBerry products to ask questions and receive answers about such offerings.
Under the agreement, RIM will supply product information manuals to AskMeNow, and AskMeNow will host a server system providing an online search service based on such manuals using natural language search software. Answers will be provided by AskMeNow in the same language the related question was asked, and all such answers will be derived from the information provided to the Company by RIM, as the same may be updated from time to time. Languages other than those commercially available to the Company may be added for an additional fee.
AskMeNow will establish a database of manuals and host or support a facility acceptable to RIM to provide the service, and support such service on the terms set forth in the agreement. The service will be launched following a testing phase and RIM's acceptance, and made available to end-users by the specified launch date. RIM shall have the exclusive right to the service for the term of the agreement.
In consideration of providing the service, AskMeNow shall receive an annual fee, paid in equal quarterly installments commencing with the launch of the service, subject to potential increases. AskMeNow shall also be entitled to incremental increases in fees in the event that RIM determines to increase the Company's capacity obligations and/or the Company's volume obligations as set forth in the agreement. Fees may be reduced, within specified limits, in the event of service outages. To read the entire story, click here: http://biz.yahoo.com/e/080320/akmn.ob8-k.html.
MEDCOM USA, INC (OTCBB: EMED)
MedCom USA, Inc. (OTCBB: EMED), a leading provider of HIPAA compliant healthcare and financial transaction solutions for the healthcare industry and Card Activation Technologies (OTC Bulletin Board: CDVT | news | PowerRating | PR Charts ) of which 40% of the shares are owned by MedCom USA, are both trading up over 20% on active volume following their March 20, 2008 dual announcements that that the United States District Court for the Northern District of Illinois ruled that Card Activation's Patent, U.S. Patent Number 6,032,859, is valid.
Card Activation Technologies is the owner of the patent covering a method for the activation and processing of transactions related to debit styled cards, which include gift cards, phone cards and other stored value cards The court issued its ruling in response to a motion to declare the patent invalid that was filed by Barnes & Noble Inc and Aeropostale Inc. To read the entire stories, click here: http://biz.yahoo.com/prnews/080320/lath508.html?.v=2 and here: http://biz.yahoo.com/prnews/080320/lath507.html?.v=2.
SKINS INC (OTCBB: SKNN)
Skins Inc. (OTCBB: SKNN), a developer of a revolutionary, patented, two-part interchangeable footwear structure, is trading up 10% following the Company's March 19, 2008 announcement that the Skins 2008 Spring/Summer Collection will be delivered to 45 retail "doors" by mid April and 100 retail "doors" by June. The Collection is the first to showcase the new and improved "Bone", a result of extensive research and development, allowing Skins to evolve into a revenue-generating Company.
The Company also announced today that it has recently completed a $705,000 financing. Mark Klein, President of Skins asserted, "The funds were largely raised by management, staff and original shareholders and I would like to take the opportunity to thank all those who participated and continue to have faith in the new product. We are very appreciative and look forward to rewarding their patience." To read the entire story, click here: http://biz.yahoo.com/bw/080319/20080319005998.html?.v=1.
IFINIX CORP (PINK SHEETS: INIX)
iFinix Corp. (Pink Sheets: INIX), a provider of real-time financial information and services to active traders and to the securities industry, continues trading actively up 11% today following the Company's March 19, 2008 announcement that it has signed an agreement to acquire privately held ProActive Futures, Plainview, NY, a futures and options brokerage firm, in an all-cash transaction.
Founded in 2002, ProActive Futures is a full-service futures and options brokerage firm, specializing in trading commodity futures. It offers access to major futures and commodities exchanges and markets across the world. ProActive will operate as a subsidiary of iFinix and under the name IFinix Futures. The acquisition is expected to be immediately accretive to iFinix's earnings. To read the entire story, click here: http://biz.yahoo.com/iw/080319/0377109.html.
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