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| Major News Announcements For MJNA and TRTC |
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 Yesterday's Top Performer |
Company: Medical Marijuana Inc. (Pink Sheets: MJNA) |
End of Day:
Price: 0.317
Change (%): + 0.044 (16.12)
Volume: 23,982,670 |
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Medical Marijuana, Inc. Releases Audited Fourth Quarter 2012 Financial Statements and Announces Additional Operating Highlights
SAN DIEGO, Feb. 8, 2013 /PRNewswire/ - Medical Marijuana, Inc. (OTC: MJNA), a leading cannabis and hemp industry innovator, today announced the release of its audited fourth quarter financial statements. The Company earned net income of approximately 3.2 million dollars on record gross revenues of 5.2 million dollars for the quarter ended December 31, 2012. This represents a gross revenue increase of over 1100 percent quarter-over-quarter when compared to revenue of 430,140 dollars for the quarter ended December 31, 2011. Additionally, confirming the strong growth of the Company’s core business, revenue increased approximately 2.2 million dollars and net income rose by over 2.0 million dollars when compared to the most recent third quarter 2012. Revenues for 2012 totaled 12.38 million dollars and net income was 7.1 million dollars.
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 Hot Stock to Watch
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Company: Terra Tech Corp (OTCQB: TRTC)
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End of Day:
Price: 0.6045
Change (%): - 0.0055 (0.90)
Volume: 773,656 |
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Terra Tech Acquisition Target, GroRite a New Jersey Based Urban Agricultural Retail Super Store, Named Top 100 Revolutionary Garden Centers in the US
IRVINE, Calif.–(BUSINESS WIRE)–Terra Tech Corp (OTCBB:TRTC), a leader in sustainable agricultural products, is pleased to announce that GroRite, a New Jersey based urban agricultural retail supercenter was named as Today’s Garden Center’s Revolutionary 100 Garden Centers for 2013. GroRite has grown into one of New Jersey’s premier gardening centers with annual revenue in excess of 4 Million dollars.
The Revolutionary 100 Awards focus on recognizing the most innovative retail garden centers for their commitment to creating a customer experience that sets their operation apart from the rest. Today’s Garden Center utilizes a competitive and lengthy review process when determining its winners.
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Other Small Cap News
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Company: Massive Dynamics, Inc. (OTCBB: MSSD)
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Massive Dynamics to Webcast its Unveiling of New WEB 4.0 Google Android Computing Tablet from Cupertino
CUPERTINO, Calif., Feb. 8, 2013 /PRNewswire/ -- Massive Dynamics, Inc.'s (OTCBB: MSSD) President, Oscar Hines , announced today that the Company is making arrangements to webcast the unveiling of the new WEB 4.0 computing tablet from Cupertino on March 15th. This first new breakthrough WEB 4.0 computing tablet operates on Google's Android platform and Massive Dynamics believes this cutting edge product will give the Company priority access to the potential 210 million tablets forecast by Digitimes to be sold in 2013. According to the forecast, 70 million tablets will come from companies other than Apple Inc., Samsung Electronics and Microsoft Corp. With that size of a market available for a Massive Dynamics entry, management believes this new "next level" tablet can capture a sizeable portion of these estimated 2013 sales.
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Company: IceWEB, Inc.™ (OTCBB: IWEB)
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IceWEB CFO, Mark Lucky, Discusses Recurring Revenue Stream from IceBOX Services
STERLING, Va.--(BUSINESS WIRE)--IceWEB, Inc.™ - (OTCBB:IWEB), an award winning Unified Data Storage appliance provider for cloud and virtual environments and its innovative IceBOX highly secure, infinitely scalable Private Cloud solution as well as other Cloud Services, today announced comments made by the Company’s CFO, Mark Lucky, on new product offerings which address cloud security issues and the Company’s revenue model.
“Icebox is a new service offered by IceWEB that allows business, education and government organizations to utilize a private cloud to securely backup and share files within their organization. Icebox provides organizations with an enterprise-grade cloud collaboration solution that addresses the concerns that organizations have in using consumer-oriented technologies for business, by providing control over confidential or critical information, and providing for compliance and governance of proprietary information. It is the alternative to consumer-oriented products such as Dropbox that require data to be stored on 3rd party servers. There are many companies out there that are looking to follow IBM’s lead in banning unsecure cloud collaboration tools in favor of offerings just like IceBOX” said Mark Lucky, IceWEB CFO.
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Market News
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By Jeanne Sahadi: CNNMoney
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Calendar of fiscal crazy: Congress and the budget
Like suspense, confusion and midnight deals? Draw a big red circle around March.
It's chock full of cliffhanger deadlines and budget proposals that could drive the country's finances for the foreseeable future.
Just where exactly? Even seasoned budget wonks can't say.
"The same people who typically analyze what's ahead on the budget with remarkable precision [have] basically admitted that the current situation is as complex, hard to read, and even harder to predict than any they've ever seen," veteran budget expert Stan Collender noted recently in his blog, Capital Gains and Games.
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By Maureen Farrell: CNNMoney
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Earnings give stocks early boost
Earnings are back in focus Friday, and some better-than-expected results helped pushed markets higher.
The Dow Jones industrial average and the S&P 500 both rose between 0.4% and 0.5%. Friday's moves helped push the Dow back over 14,000.
Markets have had a good run so far this year. The Dow and S&P 500 are both up nearly 7% and near their all-time highs, while the Nasdaq has gained nearly 6%.
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