Minerco Resources Reduces Short Term Liabilities By Approximately $1,000,000


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OTC:BB:MINE / OTC:BB:NROM / PK:XIDEQ
06/13/2014 [ACCESSWIRE]

Minerco Resources, Inc. (OTCQB: MINE) saw its share volume skid on June 13th with 99,020,211 shares exchanging hands, slightly lower than its three month daily average volume of 126,550,893 shares.

Minerco Resources the parent company of Level 5 Beverage Company, Inc., a specialty beverage company which develops, produces, markets and distributes a diversified portfolio of all-natural and highly functional brands, reduced its short term liabilities by approximately $1,000,000 (over 75% reduction) and provides update on VitaminFIZZ(r) revitalization and CoffeeBoost(tm) expansion.

As documented in Minerco's filings with the Securities and Exchange Commission, the Company has drastically, and significantly, cleaned up its Balance Sheet by reducing its short term debt obligations (mostly in form of Convertible Promissory Notes) by approximately $1,000,000. This reduction in short term debt represents over a 75% reduction in the Company's short term debt.

V. Scott Vanis, the Chairman of the Company, said, "It has always been one of our top priorities to get our Balance Sheet in order to truly solidify our foundation. While we still have lots of work to do, we are well on our way to being a fundamentally sound company. With the anticipated sales of VitaminFIZZ(r) and CoffeeBoost(tm), the expected income from our other partnerships and our move away from Convertible Promissory Notes; we are very excited about our current position and, more importantly, our future. Our management, our products and our shareholders are exceptional. Together, we plan to have many more take notice. The launch of VitaminFIZZ(r) in New York City is now measured in days, not months. As always, we will keep our shareholders and consumers updated as events unfold."

MINE closed the day at $.0173, 21.83% higher than its previous close of $.0142.

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Noble Roman's Sees Share Volume Soar

Noble Roman's, Inc. (OTCQB: NROM) saw its share volume skyrocket on June 13th with 208,500 shares exchanging hands, 13 times higher than its three month daily average volume of 33,008 shares.

With no recent news on the company, one can only speculate why this uptick in volume occurred, but here is what is known about the company:

Noble Roman's, Inc. sells and services franchises and licenses for non-traditional foodservice operations and stand-alone take-n-bake locations. It franchises and licenses under the Noble Roman's Pizza, Noble Romas's Take-N-Bake, and Tuscano's Italian Style Subs trade names, which provide pizza and sub sandwiches, and other related menu items. As of December 31, 2013, the company operated 2,029 franchised or licensed outlets. It has operations in 50 states plus Washington, D.C., Puerto Rico, the Bahamas, Italy, the Dominican Republic, and Canada.

NROM closed the day at $1.54, 11.59% higher than its previous close of $1.38.

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Exide Technologies Appoints Two New Executives

Exide Technologies (OTCPINK: XIDEQ) saw its share volume soar on June 13th with 1,293,396 shares exchanging hands, nearly four times higher than its three month daily average volume of 352,150 shares.

Earlier this week, Exide Technologies, a global leader in lead-acid battery manufacturing and recycling, announced it has appointed two new executives to lead the Company's efforts to upgrade its Vernon, California recycling facility.  The Company has named Thomas Strang as its Vice President, Environment Health & Safety -- Americas, and Charles Giesige as Vice President of Recycling Operations -- Americas.

"Tom and Chuck will drive a strong health and safety vision and culture at Exide," said Robert M. Caruso, President and Chief Executive Officer of Exide Technologies. "They bring fresh perspectives and high levels of expertise to lead our efforts to upgrade our Vernon facility."

XIDEQ closed the day at $.273, 16.17% higher than its previous close of $.235.

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