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| MYLI and TXTM Up Nicely on News |
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 Hot Stock to Watch
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Company: Protext Mobility (OTCQB: TXTM)
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End of Day:
Price: 0.0056
Change (%): + 0.0011 (24.44)
Volume: 1,775,978 |
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Protext Mobility Issues Corporate Update
Company Adds Award-Winning Auto Dealer to Expanding Network of Distributors; Repays and Retires 100% of Convertible Notes Held by Asher Enterprises
DELRAY BEACH, FL--(Marketwired - May 22, 2014) - Protext Mobility (OTCQB: TXTM), a developer of innovative and trusted applications for the mobile communications market, today announced that the Company has continued its exponential growth within the auto dealer market with the addition of East Hills Chevrolet in Douglaston, NY. East Hills has been named Chevrolet Dealer of The Year in the NY area by Dealer Rater for the past two years, and will now be marketing and selling Protext's distracted driving solution to its customers. The Drive Alert product provides users with the ability to block the use of certain mobile device activity in equipped vehicles while in motion -- particularly text messaging, the mobile internet, email and social media activities -- including taking and posting "selfies" to social media.
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Company: Music of Your Life Inc. (OTCQB: MYLI)
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End of Day:
Price: 0.18
Change (%): + 0.03 (20.00)
Volume: 102,283 |
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Music of Your Life, Inc. Acquires All Registered iRadio Trademarks
Syndicated radio network looking for connected-car partners.
LAS VEGAS, May 21, 2014 /PRNewswire/ - Music of Your Life, Inc. (OTCQB: MYLI), has completed its acquisition of the registered iRadio trademarks. In addition to its previously acquired “Entertainment Services” trademark, which includes radio programming, the Company has just acquired the trademark for “Internet Radios and Vehicle Radios”.
Music of Your Life, Inc. CEO, Marc Angell says, “With the addition of this iRadio trademark, Music of Your Life can stake its claim in the connected car environment. iRadio is the perfect brand for accessing content over the Internet and into your car. We’re actively looking for the right group to license, partner, or manufacture in-dash iRadios, including our iRadio programming.” Angell added, “As we continue to develop additional programming channels for our expanding iRadio service, we maintain our “Stars Playing the Stars” mantra, using celebrity DJ’s to host many of our shows. Most of our competitors in the Internet music space are great as an online jukebox, but radio to us includes personalities sharing stories and talking about the music.”
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SmallCapVoice Clients' News
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Company: Verde Media Group, Inc. (Pink Sheets: VMGI)
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Verde Media Group Inc. Issues Special Letter to Shareholders
LOS ANGELES, May 22, 2014 /PRNewswire/ - Verde Media Group Inc. (OTC: VMGI)
Dear Valued Shareholders:
VMGI is currently experiencing tremendous growth. As the CEO of the company, I want to reach out to you and explain how we are positioning the company during this exciting time and what we are accomplishing.
To date, 2014 has seen dramatic change and growth in our business model. With the addition of the Verde Biotechnology Corp., we’ve brought a new CEO on board - Dr. Abidi - and acquired two very promising companies: Butazyme LLC and Beautyject Inc. The financial projection for the next 5 years is above and beyond anything VMGI had aspired to previously. We’re now poised to become a globally scaled company within the next 18 months.
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Other Small Cap News
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Company: Balqon Corporation (OTCQB: BLQN)
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Balqon Corporation Reports First Quarter 2014 Financial Results
HARBOR CITY, Calif., May 22, 2014 /PRNewswire/ -- Balqon Corporation (OTCQB: BLQN), a developer and manufacturer of zero-emissions electric drive systems, lithium battery energy storage systems, electric buses and trucks, today reported revenues of 424,018 dollars and (0.01) loss per common share compared to (0.04) loss per common share reported for Q1 2013.
"This month we complete our nine years of operations, during this period we have foreseen the global market opportunities related to heavy duty electric trucks and high capacity lithium energy storage systems. Our 331% improvement in gross profit and growth in backlog to 2.7 million dollars is a result of strong demand for electric drive systems and energy storage systems worldwide," said Balwinder Samra, CEO of Balqon Corporation.
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Market News
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By Matthew J. Belvedere: CNBC
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We're in a stock 'correction right now': Gartman
The stock market is in the midst of a correction, closely followed investor Dennis Gartman told CNBC on Wednesday.
"I think the process began several weeks ago... [with] the Nasdaq," the publisher of The Gartman Letter said in a "Squawk Box" interview. "We're in a correction right now."
A correction is defined as a 10 percent decline in major averages from their highs. As of Tuesday's close, the Dow Jones Industrial Average was down 2 percent, the S&P 500 was down 1.5 percent, while the Nasdaq was off 6 percent from their 52-week highs.
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By Antonia Matthews: CNBC
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Marc Faber: 'This is not a very healthy market'
Marc Faber, investment guru and the editor of the Gloom, Boom and Doom report, warned on Thursday that stock markets -- particularly in the United States -- were vulnerable to sharp falls.
U.S. stocks jumped on Wednesday after minutes from the Federal Reserve's last meeting had central bankers discussing ways to normalize interest rates. The Dow Jones Industrial Average leaped as much as 170 points, and ended up 158.75 points, or 1 percent.
A bull run in equities that started around five years ago has caused much debate in recent months with some investors believing that it may be running out of steam. However, some remain optimistic that extra liquidity-provided by central banks around the world-would continue to help bolster the asset class.
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