Titan Medical, Inc. (OTCQX: TITXF) saw its share volume remain strong on June 17th with 368,540 shares exchanging hands, right on par with its three month daily average volume of 368,670 shares.
Titan Medical announced yesterday that it has retained Bertner Advisors, LLC as its investor relations advisor. Services to be provided in the United States to Titan by Bertner Advisors include counsel on investor relations strategy.
Sherry Bertner, Chief Executive Officer of Bertner Advisors, commented, "Our team is thrilled to partner with Titan Medical. We look forward to working with management to design and execute an investor relations strategy that includes introducing the Titan story to Wall Street."
John Hargrove, Chief Executive Officer of Titan, said, "We believe Bertner Advisors will enable us to extend our investor reach and to build awareness on Wall Street. The Firm is a perfect fit for Titan as we continue to move closer to commercialization of the SPORT™ Surgical System and will enhance a great team, a great technology and a tremendous opportunity."
TITXF closed the day at $1.75 on June 17th.
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Alloy Steel International Releases Second Quarter 2014 Results
Alloy Steel International, Inc. (OTCPINK: AYSI) saw its share volume skyrocket on June 17th with 329,037 shares exchanging hands, nearly 12 times higher than its three month daily average volume of 27,804 shares.
This uptick in volume comes after Alloy Steel International released its second quarter 2014 results last week, which can be viewed here.
Alloy Steel International manufactures and distributes Arcoplate, a market leading wear-resistant alloy overlay wear plate. In mining processing industries, wear is the primary cause of down time, the period of time where machinery is not in operation because of the necessity of repairs or refurbishment. The Arcoplate product line substantially lowers down time, carry-back and the resulting lost production. Arcoplate is widely accepted in the mining and mineral processing industries to protect a host of fixed plant and mobile equipment applications. Alloy Steel International boasts major mining companies as its clients and services the global market place from its Australian manufacturing facilities.
AYSI closed the day at $1.34 on June 17th, 11.67% higher than its previous close of $1.20.
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Elite Pharmaceuticals Enters Settlement Agreement With Novel Laboratories For $5,000,000
Elite Pharmaceuticals, Inc. (OTCQB: ELTP) saw its share volume skid on June 17th with 1,383,051 shares exchanging hands, significantly lower than its three month daily average volume of 2,159,170 shares.
Just last week, Elite Pharmaceuticals entered into a settlement agreement with Novel Laboratories, Inc., Veerappan S. Subramanian, VGS Pharma, LLC and other related parties (all of the foregoing collectively, the "VGS Parties") pursuant to which the 2006 Strategic Alliance Agreement and Stockholders Agreement with Subramanian and VGS were terminated and all parties executed mutual releases. In addition, the VGS Parties paid Elite $5,000,000 in exchange for 9,800 shares of Novel Class A common stock owned by Elite. This resolves all disputes and claims between Elite and the VGS Parties, including those alleged in the action commenced by Elite against the VGS Parties on April 28, 2014, and ends Elite's ownership in Novel.
ELTP closed the day at $.381 on June 17th.
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