Teleconnect (TLCO.OB) : Out of “Hibernation” and Making News
Teleconnect: Out of "Hibernation" and Making News After appearing dormant for nearly a year, not releasing a single press release regarding anything other than financial reports, Teleconnect (OTCBB: TLCO) released news in the past two days that drove shares up 33 percent, or 2 cents, to 10 cents by mid-afternoon today. Volume was more than 20 times the average daily trading volume of the past three months. Not only did the company announce a strategic acquisition, but also announced a reduction in its corporate debt by 46 percent and a return to profitability.Founded in 1999, Teleconnect has established itself as…