InsPro Technologies Corp.’s Share Value Increases 210% in One Day

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05/01/2014 [ACCESSWIRE]

InsPro Technologies Corp.’s (OTCQB: ITCC) stock volume shot through the roof Apr. 30, with 7,504,056 shares changing hands, 23 times its three-month average volume of 317,569 share.

The Radnor, Pa.-based insurance software company’s share value also skyrocketed 210%, with its share price closing at 17 cents, up 12 cents from its previous day’s close of 5 cents.

Since InsPro Technologies hasn’t issued any press releases since 2013 and there has been no news coverage of the company lately, it’s anybody’s guess has to why its stock volume and value have suddenly surged.

However, here is what we do know about the company:

InsPro Technologies Corp is a technology company engaged in providing software applications for use by insurance administrators in the insurance industry. The company focuses on its InsPro Enterprise software application.

Its latest financials for the year ending Dec. 31, 2013 show that InsPro lost about $1.7 million for that period.

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MyECheck Inc. Adds to Its Board of Directors and Hires New COO

In other news, MyECheck Inc. (OTCPINK: MYEC), a payment processing business that provides electronic check imaging services to merchants, announced that it has confirmed Bill Delgado as a member of the Board of Directors and it has hired Rod Jalunardo as Senior Vice President of Operations and Chief Operating Officer.

William J. "Bill" Delgado, MBA, has 33 years of technology management experience as CEO, CFO and Director, recently instrumental in the success of GDSI, Inc., a digital technology solutions provider to governments.

Rod Jalunardo has over 20 years' experience as CEO, COO, CFO and Director of successful technology companies with strong skills in all areas of corporate management, with particular expertise in operations systems development and management.

On Apr. 30, MYEC’s share price closed at 3 cents, down 1 cent from its closing price of 4 cents the previous day, on robust volume of 34,966,528 shares

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BFC Financial Corp.’s Subsidiary Releases Corporate Overview

Meanwhile, BFC Financial Corp. (OTCQB: BFCF) stock volume soared Apr. 30, with 238,943 shares changing hands, significantly higher than its three-month average volume of 152,640 shares.

The Fort Lauderdale, Fla.-based holding company’s surge in stock volume is being fueled in part by a corporate overview released by BFC Financial’s subsidiary BBX Capital (NYSE: BBX).

The company reported that it is involved in the acquisition, ownership and management of, and joint ventures and investments in real estate and real estate development projects as well as investments and management of middle market operating businesses.

In addition, BBX Capital owns a 46% indirect interest in Bluegreen Corp., a vacation ownership company with more than 60 owned or managed resorts, 225,000 owners of vacation ownership interests and 4,700 employees. BFC Financial Corp., BBX Capital's majority shareholder, owns the remaining 54% interest in Bluegreen Corporation.

On Apr. 30, BFCF’s share price closed at $3.60, up 26 cents from its closing price of $3.34 the previous day.

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Tri City Bankshares Corp’s Share Volume Soars

Finally, Tri City Bankshares Corp.’s (OTCQB: TRCY) stock volume skyrocketed Apr. 30, with 27,726 shares changing hands, more than 17 times its three-month average volume of 1,589 shares.

Tri City Bankshares Corporation through its bank subsidiary, Tri City National Bank provides a full range of consumer and commercial banking services to individuals and businesses.

Additionally, it provides overdraft protection services; cash management services; and investment services. As of June 3, 2013, the company operated 43 locations in Southeastern Wisconsin. Tri City Bankshares Corporation was founded in 1963 and is based in Oak Creek, Wisconsin.

However, the company has not issued any press releases or been in the news lately.

On Apr. 30, TRCY’s share price closed at $13.60, down 90 cents from its closing price of $14.50 the previous day.

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