Eyes on the Go, Inc. (OTCPINK: AXCG) saw its share volume soar on May 19th with 189,376,656 shares exchanging hands, more than three times higher than its three month daily average volume of 52,636,823 shares.
This uptick in volume comes after Eyes on the Go, a virtual broadcasting company providing live and recorded streaming video content from top New York City nightlife venues, reported its 1st quarter results.
The company reported revenue for the 1st quarter of $91,649, which was an increase of 2900% over last year's 1st quarter of $3,131. In comparison to the 4th quarter of 2013, the revenue grew from $19,967, which is an increase of 460%. The gross profit margin increased from 75% in the 1st quarter last year to 91% this quarter.
"Our strategy for monetization is starting to work, with a significant increase in revenue for this last quarter. We are very pleased with the varied advertisers and the placement of both display and video ads on our web pages. Our demographic is very appealing, and should continue to drive ad placement in the future," remarked Chris Carey, the Eyes CEO.
AXCG closed at $.0031 on May 19th, 40.9% higher than its previous close of $.0022.
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MEDL Mobile Holdings, Inc. Sees Share Volume Skyrocket
MEDL Mobile Holdings, Inc. (OTCQB: MEDL) saw its share volume skyrocket on May 19th with 3,652,130 shares exchanging hands, ten times higher than its three month daily average volume of 337,739 shares.
This jump in volume comes after MEDL Mobile Holdings, a leading developer of mobile applications and the majority shareholder of Hang With, Inc., has announced that Hang w/ will now allow users to embed their own profile on any website or blog - allowing both live and archived content to be viewed from the web.
"Now that users can embed their own Hang w/ streams on their websites or blogs we expect that artists, musicians, trainers, chefs, consultants, and even brands will start to use the platform as a content creation tool to enhance their online presence," said Andrew Maltin, CEO of MEDL and Hang w/. "Now anyone can have a live streaming window and a wealth of archived video content on their website with the addition of only one line of code."
"Hang w/ is a native mobile experience," added Maltin. "but there are many people who use their desktop to browse. This new feature will allow many more people to enjoy and discover the wealth of content that is being created by some fascinating people across the platform."
MEDL closed at $.205 on May 19th, 10.81% higher than its previous close of $.185.
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Wizard World Releases First Quarter 2014 Financial Results
Wizard World, Inc. (OTCQB: WIZD) saw its share volume explode on May 19th with 1,482,364 shares exchanging hands, twenty-four times higher than its three month daily average volume of 61,658 shares.
This comes after Wizard World, a leading provider of multiple Comic Cons and pop culture conventions across the world, released its first quarter results for 2014.
Wizard World hosted four comic cons in the first quarter of 2014: Portland, New Orleans, Sacramento and Louisville, bringing celebrities, artists, exhibitors and fans together in a pop culture and multimedia experience. Convention revenue for period ended March 31, 2014 was $5,173,198, an increase of $3,379,722 (or 188%) from $1,793,476 reported in the comparable period in 2013. The significant increase in revenue is primarily accredited to the Wizard World team’s dedication to providing an ultimate fan experience. As pop culture fans themselves and event professionals, the team continues to focus on delivering higher quality events, including better organization, more programming, and an exciting list of celebrities and artists to an increasing fan base, which all translates to higher revenue growth.
Operating expenses were $1,220,969 in the first quarter of 2014, as compared to $690,507 the same period in 2013, which was the result of increases in staffing and employment costs due to the increased number and size of the events.
Income from operations was $692,202 in the first quarter of 2014, an increase of 448% from $126,092 reported in the comparable period in 2013. The increase is primarily attributable to running more and larger events with similar fixed costs.
"We are excited to kick of the year with great first quarter financial results. Successfully completing our sixth comic con of our 16-city tour for 2014 this past weekend in Minneapolis, I am proud of our Wizard World team as they continue to demonstrate their commitment and dedication needed to effectively produce an ultimate fan experience at these conventions," said John Macaluso, CEO of Wizard World, Inc.
WIZD closed the day at $.48 on May 19th, 9.43% lower than its previous close of $.53.
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Joe Moscheo Nominated Director of Special Projects For Information Architects Corp.
Information Architects Corp. (OTCPINK: IACH) saw its share volume continue its upward trend on May 19th with 3,934,539 shares exchanging hands, higher than its three month daily average volume of 2,546,122 shares.
This increase in volume comes after Information Architects Corp, a company engaged in the development in theme parks and destination resorts, announced the addition of long time music and entertainment icon Joe Moscheo as Director of Special Projects and member of the board of directors. Mr. Moscheo has been a fixture in the music business dating back to 1960 when the industry was still in the beginnings of becoming the big business it is today. Mr. Moscheo is still a viable force in the music business and has been an integral part of the changes and growth that have taken place having worked alongside some of the biggest names in the music and entertainment industry.
IACH closed the day at $.082 on May 19th, 17.14% higher than its previous close of $.07.
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