DreamWorks Animation Shares Drop; DigitalGlobe Acquires Spatial Energy


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PK:UTRM / NASDAQ:DWA / NYSE:DGI / OTC:BB:CTSO
02/27/2014 [ACCESSWIRE]

United Treatment Centers, Inc. (OTC: UTRM) – For an in-depth report on United Treatment Centers, Inc. follow: www.BullTrends.com/stockquote/UTRM

United Treatment Centers closed up 65% on Wednesday with about 530 million shares traded. The stock was one of the biggest gainers in the OTC market. The company confirmed three billion shares of common stock are in the process of being returned to the transfer agent for cancellation. United Treatment Centers CEO Chris Seminatore stated, "The surrender of shares from prior management is one of a number of initiatives we are undertaking to improve the overall capital structure. Our core focus will be on building shareholder value as we execute our business model in the upcoming weeks. We are building an internet-based information hub for the marijuana industry that will be updated daily through video. Additionally, we have constructed a business model that will monetize the resulting traffic."

DreamWorks Animation SKG Inc. (NASDAQ: DWA) - For an in-depth report on DreamWorks Animation SKG Inc. follow: www.BullTrends.com/stockquote/DWA

Shares of DreamWorks Animation closed down 12.19% on nearly 7 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The independent film studio, fell the most in more than eight years after reporting a 23 percent drop in quarterly revenue, as home-video sales of the movie “Turbo” trailed estimates. Sales in the fourth quarter fell to $204.3 million, which missed analysts’ projections of $223.2 million, the average of nine estimates.

DigitalGlobe, Inc. (NYSE: DGI) – For an in-depth report on DigitalGlobe, Inc. follow: www.BullTrends.com/stockquote/DGI

DigitalGlobe closed down 27.26% on Wednesday with about 12.7 million shares traded. The company announced that it has acquired Spatial Energy. Financial terms of the transaction were not disclosed. Spatial Energy is a leading source for digital imagery and related services to the energy industry. "The acquisition of Spatial Energy advances our position as the leading source of geospatial information and insight," said Jeffrey R. Tarr, Chief Executive Officer. 

Cytosorbents Corporation (OTCBB: CTSO) - For an in-depth report on Cytosorbents Corporation follow: www.BullTrends.com/stockquote/CTSO

Shares of CTSO closed up 8.24% on Wednesday with about 2.9 million shares traded. The stock was one of the biggest gainers in the OTCBB marketplace and came just 2 cents shy of its 52-week high during intra-day trading. On February 18th, the company announced the receipt of $458,279, net of transaction costs, in non-dilutive funding as an approved participant of the Technology Business Tax Certificate Transfer Program sponsored by the New Jersey Economic Development Authority (NJEDA). Funds will be used to help finance inventory expansion and for general working capital purposes.

 

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