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American Penny Stocks in Play:
China Sun Group High-Tech Co.: announced that it has entered into contracts with four additional battery production companies to begin testing samples of lithium ion phosphate. A next generation 'green' power source, lithium ion phosphate can be built into batteries that power electric cars, hybrids, scooters, and other state-of-the-art electronic devices.
China Sun Group High-Tech Co. (OTCBB:CSGH) closed up $0.078 at $0.698 or 13% on the multiple contract announcement.
Marani Brands Inc.: announced a more than 26% increase in sales for the month of May 2009, as compared to May 2008 and a more than 67% increase in total case distribution for the first five months of 2009 compared to the same period in 2008. Marani has consistently delivered substantial sales increases for nearly every month thus far in 2009, as compared to the previous year.
Marani Brands Inc. (OTCBB:MRIB) closed up $0.01 at $0.11 or 10% on the sales increase announcement.
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