Tuesday, May 3, 2011

Watchlist for Wednesday

CNUV (China Nuvo Solar Co) .0062 The stock has been consolidating at these levels, the stock is holding while FREYA lithium company acquisition is completed as per last press release it is very close , Henry Fong also saying 1.72 price per share , once this hits .01 this will get very interesting


EXTO (Exit Only ).0037 The stock announced news also the chart has potential with recent share reduction and late news there may be a nice run here:

SANTA MONICA, CA--(Marketwire - 05/03/11) - Exit Only, Inc. (Pinksheets:EXTO - News) announced that it has acquired Trans Atlantic Capital Group, Inc. in an all stock transaction consisting of 20 million shares of restricted common stock and 30 million common stock purchase warrants between $.01 and $.02 per share. Trans Atlantic Capital Group, Inc. ("TACG") is a dynamic trading company principally involved in brokering wholesale lots and closeouts. Trans Atlantic Capital Group, Inc. achieved record revenue in excess of $15,000,000 for the first quarter of 2011 which is significantly greater than the company's $8,300,000 generated in 2010.
Trans Atlantic Capital Group, Inc. is comprised of an experienced and dynamic management team led by Mihran Stepanyan. Mr. Stepanyan will continue to manage the business operation of Trans Atlantic Capital Group, Inc. and will be added as a Director of EXTO. Mr. Stepanyan stated, "We are very excited about contributing to EXTO's revenue base and look forward to growing our business on the public company platform provided, together with EXTO's management."
President Diana Shats previously commented that she retired 1.2 billion personal shares of her common stock in the Company in preparation of this acquisition. By reducing the outstanding shares, the Company was able to close the acquisition quickly through friendship alliances that were very instrumental in securing this acquisition.
Diana Shats remarked, "This acquisition validates our business model of growth by acquisition that is accretive to our earnings. We are excited to have completed the due diligence and acquisition in under 30 days." Ms. Shats continued, "With the close of this acquisition, we also have strengthened our management team with the addition of Mr. Stepanyan. TACG will be operated by Mr. Stepanyan and his management team with the same disciplined approach that has enabled them to quickly grow their business."

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