Medient Studios, Inc. Nominates Former New York Governor David Patterson To Board Of Directors


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PK:MDNT / PK:QASP / OTC:BB:GBLX / OTC:BB:TRTC
06/02/2014 [ACCESSWIRE]

Medient Studios, Inc. (OTCPINK: MDNT) saw its share volume skyrocket to new heights on June 2nd with 487,396,457 shares exchanging hands, 13 times higher than its three month daily average volume of 37,298,297 shares.

This huge jump in volume comes after Medient Studios announced last week that former New York Governor David Paterson has accepted his nomination to join the Board of Directors of Medient.

"Governor Paterson is a globally recognized leader, whose experience, wisdom, reputation, and relationships will be a huge asset for all Medient stakeholders. It is with great pride and pleasure that we welcome him into the Medient family," stated Manu Kumaran, Chairman of the Board of Medient.

"As Governor of New York State, I approved over $750M in film tax credits. Film tax credits create strong returns for communities, and generate tremendous job creation," stated Gov. Paterson. He added, "I am committed to helping Charles, Manu, and the Medient team find the resources to make this beautiful dream come true."

Medient Studios, Inc. is an entertainment content creation company with a strong presence in North America, Europe and India. Medient's management team has approximately 150 years of experience in the motion picture industry and is responsible for producing and/or financing over 250 movies. Medient is realigning the content creation process to enable efficiencies of scale and eliminate process waste by building a fully integrated movie and electronic game production facility as part of its Studioplex on a 1,560-acre property in Effingham County, Georgia. Once operational this production facility will be the largest of its kind in the United States.

MDNT closed the day at $.0034, up 54.55% from its previous close of $.0022.

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Quasar Aerospace Industries Retains SEC and Corporate Law Firm

Quasar Aerospace Industries, Inc. (OTCPINK: QASP) saw its share volume rise on June 2nd with 303,981,851 shares exchanging hands, significantly higher than its three month daily average volume of 190,967,275 shares.

This uptick in volume comes after Quasar Aerospace Industries announced last week it has retained an SEC and Corporate law firm as legal counsel to the Corporation. Given our plans for being a service provider in the Legal and Medical Marijuana Industry it was necessary to retain a firm of this stature to assist us with the challenges of that growth. The law firm is well versed in representing publicly traded companies in this industry and shall serve to aid the Corporation in remaining compliant with the SEC and other reporting agencies.

QASP closed the day at $.0024, 41.18% higher than its previous close of $.0017.

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GrowBlox Science, Inc. Has First Products Off Production Line

GrowBlox Sciences, Inc. (OTCQB: GBLX) saw its share volume surge on June 2nd with 939,497 shares exchanging hands, 20 times higher than its three month daily average volume of 45,697 shares.

This rise in volume comes after the company announced last week that the first of its patent pending proprietary agricultural indoor growing system for medical-grade cannabis has come off the production line. GrowBLOX Sciences has developed proprietary growing technology for environmentally controlled, indoor agricultural chambers. This is the first of the newest generation of GrowBLOX's that are expected to arrive at The Company's headquarters in Nevada by mid-June. The Company anticipates beginning quality control on both mechanics and its proprietary monitoring and report-building software before starting the full production line.

"GrowBLOX Sciences is in an exciting phase in its development and we have positioned ourselves to move forward with our patent pending technology in order to change the way indoor growing methodologies take place. We are thrilled the fist indoor growing chamber is off the line and our Chief Scientist and Botanist is ready to begin quality control testing. From our indoor growing chambers to our monitoring and reporting systems, we believe our proprietary technology will impact the future of medical-grade products in Nevada," said GrowBLOX CEO, Craig Ellins.

GBLX closed the day at $2.29, 9.84% lower than its previous close of $2.54.

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Terra Tech Corp. Sees Share Volume Remain Strong

Terra Tech Corp. (OTCQB: TRTC) saw its share volume remain strong on June 2nd with 7,696,611 shares exchanging hands, slightly higher than its three month daily average volume of 5,143,382 shares.

Terra Tech Corp., through its wholly-owned subsidiary GrowOp Technology, specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. The company’s complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, the company cultivates a premier brand of local and sustainably grown hydroponic produce, sold through major grocery stores such as Shoprite, Food Emporium and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania. MediFarm LLC is focused on securing permits to operate medical cannabis businesses in Nevada.

TRTC closed the day at $.6549, up 18% higher than its previous close of $.555.

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