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| ITMTF to Make Big Sale. Important MJNA Interview Next Week |
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 Yesterday's Top Performer |
Company: Intertainment Media Inc. (OTCQX: ITMTF) (TSX-V: INT)
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End of Day:
Price: 0.131
Change (%): + 0.001 (0.77)
Volume: 30,290 |
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Intertainment Media Agrees to Sell Stake in itiBiti Platform
TORONTO, CANADA -- (Marketwire) -- 11/28/12 -- Intertainment Media Inc. ("Intertainment" or the "Company") (TSX VENTURE:INT) (OTCQX:ITMTF) (FRANKFURT:I4T) announced today that it has entered into a letter of intent to sell its stake in the itiBiti platform for a total value of 3.5 million dollars to a private technology group which is expected to provide up to 4.5 Million dollars in additional equity value in the form of system development and enhancements. The transaction will take the form of cash, debt conversion as well as equity participation and will provide Intertainment with a 40% equity stake in the operating company. This operating company will be managed by the private technology group owning a 60% stake and will undertake the day to day management, operations and development of the platform including the KNCTR application. The deal also calls for Intertainment to receive one board seat as well as a secured perpetual revenue share of 40% for the first 2 years and declining to 20% annually at year 5 and beyond from the independently managed operation.
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 Hot Stock to Watch
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Company: Medical Marijuana Inc. (Pink Sheets: MJNA)
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End of Day:
Price: 0.093
Change (%): - 0.0012 (11.43)
Volume: 8,290,754 |
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Medical Marijuana, Inc.'s President Ted Caligiuri, To Host Audio Interview To Discuss 3rd Quarter's Positive Financial Results, Growth In Company Revenue's and Market Opportunities
SAN DIEGO, Nov. 28, 2012 /PRNewswire/ -- Medical Marijuana, Inc. (MJNA) announced today that a new audio interview with Medical Marijuana Inc.'s President and CEO Ted Caligiuri (MJNA), a leading hemp industry innovator, will be available December 5, 2012. The interview will be hosted by SmallCapVoice and will cover 3rd quarter's positive financial results, the company's expansion and growth expectations through the remainder of 2012.
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Other Small Cap News
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Company: XcelMobility Inc. (OTCBB: XCLL)
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XcelMobility Launches Online Product Portal for Greater China Market
REDWOOD CITY, CA--(Marketwire - Nov 28, 2012) - XcelMobility Inc. (OTCBB: XCLL) ("Xcel" or the "Company"), a leading developer of mobile internet products and services, is pleased to announce the launch of a new product website directly serving the greater China marketplace.
The function of the website provides a means for potential resellers, developers and consumers alike to review information and availability of our growing list of products including featured options and benefits.
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Company: Galaxy Gaming, Inc. (OTCBB: GLXZ)
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Galaxy Gaming Featured at Raving's Table Game Conference
LAS VEGAS, Nov. 27, 2012 (GLOBE NEWSWIRE) -- Galaxy Gaming, Inc. (OTCBB:GLXZ), the world's second largest developer, manufacturer and distributor of casino table games and enhanced casino systems, announced today it is a prime sponsor of the annual Raving's Cutting Edge Table Games Conference. This year's event is expected to have a record-setting attendance and will attract casino executives representing over 70 casinos from the United States, Canada and the United Kingdom. These attendees will participate in evaluating upcoming table games, table game products and enhancements.
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Company: MEDL Mobile, Inc. (OTCBB: MEDL)
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MEDL Mobile Keeps You in the Loop With LiveHotSpot NYC
Mobile Leaders Release an iPhone and Android App That Helps Users Stay Dialed-In to The City That Never Sleeps
FOUNTAIN VALLEY, Calif., Nov. 28, 2012 (GLOBE NEWSWIRE) -- MEDL Mobile, Inc. (OTCBB:MEDL) - a pioneer in the creation, development, marketing and monetization of mobile apps -announced today the release of "LiveHotSpot NYC," a New York nightlife app that connects you to the city's exclusive social scene. The app was created for LiveHotSpot, Inc. and is based on their LiveHotspot NYC website which has become very popular among the New York club scene.
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Market News
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By Alex Crippen: CNBC
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Buffett Expects 'Fiscal Cliff' Fix, But Not By December 31
Warren Buffett expects Washington lawmakers will come up with a compromise on the "fiscal cliff," but he's not sure that will happen by the end of the year.
He doesn't, however, think it will take several more months to come up with a fix and it won't be the "end of the world" if a compromise comes shortly after the December 31 deadline.
Buffett didn't outline a specific solution that he prefers, saying he could "go with any number of plans."
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By Angela Moon: Reuters
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Wall Street set to open lower on "fiscal cliff" uncertainty
NEW YORK (Reuters) - Wall Street was set for a lower open on Wednesday, putting the S&P 500 on course for a third straight day of decline, as investors remained on edge given the lack of details on U.S. budget talks.
The decline came despite encouraging corporate news, including Costco's special dividend and a merger proposal for Knight Capital.
Investors will get readings on new-home sales and the Federal Reserve's Beige Book view of the economy later on Wednesday, but the market is mainly focused on the negotiations about long-term federal budget deficit reduction.
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SmallCapVoice (SCV) is an electronic publication. Information sources for our profiles include, but are not limited to, online research, member suggestions, magazines, newspapers, analyst suggestions, information provided by the profiled company, press releases and similar sources. This communication is not an offer to sell or a recommendation that you buy or sell any security. SCV holds no securities licenses and is not qualified to provide investment advice. We are compensated for these advertisements by the profiled companies. You should not use this newsletter as the sole basis for any investment decision. While all investments involve risk, microcap stocks are among the most risky. Many microcap companies have no proven track record. You should only invest in microcap companies if you can afford to lose your entire investment. You should consult a qualified, licensed financial advisor or stock broker before making any decisions to invest in the securities of any company that is described in these profiles. These profiles are paid advertisements. Although we have a reasonable belief that the information in each profile is accurate, we cannot guarantee that the information is accurate. It is important for you to verify all information by your own independent research. You are receiving this message because you have agreed to receive emails from SmallCapVoice.com. You may opt out of our distribution list at any time by clicking on the "unsubscribe" link below. Link to full disclosure about compensation paid to SmallCapVoice.com, Inc. by companies featured on our website or in our e-mail communications. |
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