Each morning, the exchanges come alive – and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released news late yesterday evening or early this morning:Shares of China Natural Gas Inc. (OTCBB: CHNG) were up 30 cents, or 7 percent, to $4.38 this morning after the company announced it will enter the third quarter of 2007 with 17 revenue-producing CNG filling stations. China Natural gas will continue to provide compressed natural gas through the two operations in the Henan province of China. In the press release the company said the announcement reiterates the company’s plan for growth in 2007 and will “increase [its] footprint in other regional markets outside of Xi’an.”
Guangzhou Global Telecom Inc. (OTCBB: GZGT) shares rose 7 cents, or 9 percent, to 75 cents this morning. Today the company announced it signed a distribution agreement with China Unicorn’s Guangzhou Branch, pursuant to which Global Telecom will distribute pre-paid calling cards, mobile handsets and other value added services in Guangzhou. In the press release Guangzhou Global Telecom said the agreement will generate additional revenue for the company and will also enhance its corporate image to overseas companies and potential customers.
Interactive Games Inc. (OTCBB: IGAM) shares climbed 2 cents, or 33 percent, to 8 cents in Friday morning trading after the company announced its board of directors has established July 10, 2007, as the “record date” for determining the shareholders of date that will receive newly created “spin-off” company common stock as part of its deal. The spin-off is part of the company’s Agreement and Plan of Reorganization for the share exchange with Nuvo Solar Energy.
Shares of Lyric Jeans Inc. (Pink Sheets: LYJN) rose 1 cent, or 7 percent, to 10 cents this morning after the company announced it is in the process of engaging an independent auditor in order to provide complete financial information to its shareholders, as part of its goal to become a fully reporting company. The company also said it is working on its Spring 2008 “Lyric Culture: Fever Collection,” inspired by music of the disco area. The jeans will be featured at the Project Global tradeshow in Las Vegas this fall.
