Vehicle emissions testing company Speedemissions Inc.'s (OTCQB: SPMI) stock volume soared Mar. 21, with 989,600 shares changing hands, substantially more than its three-month average volume of 627,877 shares.
New Branding and In-Store Vehicle Registration
The Tyrone-Ga.-based company that provides vehicle emissions testing, safety inspections and light automotive repair operates 43 stores in the Atlanta, Houston, St. Louis and Salt Lake City markets recently announced it planned to operate its stores in 2014 under two new brands, "Expresso Emissions" and "Expresso Car Care Cafe."
In addition, Speedemissions announced a joint venture with Wisconsin License Centers that will let retail stores offer customers the ability to renew their vehicles registrations without having to visit the Department of Motor Vehicles ("DMV") office.
Once the program is established, Speedemission customers will be able to renew their car's registration while having their emissions tested or inspection completed, thus avoiding the additional travel and time wasted standing in line at their local DMV office. Consumers will pay a small convenience fee to RVR for this service.
On Mar. 21, SPMI shares closed at 0.0064 cents, down 0.0015 from its closing price of 0.0079 cents the previous day.
Find out what could be the best investor’s move when it comes to REAC by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Real Estate Contacts Inc. Stock Volume Continues to Soar
In the technology sector, Real Estate Contacts Inc. (OTCQB REAC), a company that's offering personal video channels for real estate agents to showcase their properties, stock volume continued to soar Mar. 21, with 580,996,687 shares changing hands, nearly five times more than its three-month average volume of 120,845,532.
What is the behind the surge in volume is anybody’s guess because the Parrish, Fla.-based company hasn't made any news or issued any press releases since Jan. 29. Its latest financial report was filed more than a year ago on Dec. 31, 2012. It showed that Real Estate Contacts net income was -$769,000 during that period.
However, some industry experts contend that if the real-estate market continues to recover in 2014 as forecasted, video technology companies that help Realtors showcase and sell their properties could become hot commodities. This could explain the sudden upsurge in stock volume.
That's because 90% of the buyers who are searching for a home online say they seek out video listings first, according the National Association of Realtors (NAR).
Currently, 66% of real estate agents say they have their own Website to promote their properties, but only 4 percent of them use video to promote their listings on their sites, according to a survey taken the NAR.
Real Estate Contact recently launched http://www.realestatevideochannels.com/, which it hopes will be in the position to eventually cash in on this potentially massive market. However, Real Estate Contacts has lots of competition from massive players such as YouTube that offers a free video channel to anyone who wants one. Still, if Real Estate Contacts focuses heavily on the real estate niche and offers real estate agents easy-to-use tools, it has a chance to establish itself in this burgeoning technology sector.
On Mar. 21, REAC shares closed at 0.0004 cents, up 0.0001 from its closing price of 0.0003 cents the previous day.
Journal of Radiology Inc. Stock Volume Soars
Meanwhile, the Journal of Radiology Inc.'s (OTCQB: JRRD) stock volume also surged Mar. 21, with 33,611,997 changing hands, significantly higher than its three-month average volume of 22,502,104 shares.
Since its formation, the development stage company based in Santa Monica Calf .-based company like some many others has not yet realized any revenues from its planned operations. In fact, according to its last financial filing on Jun. 30, 2013, the company had an operating loss of $354,000.
The company has not issued any press releases, is not in the news and currently does not have a Web site listed.
On Mar. 20, JRRD's share price closed at 0.0003 cents, unchanged from its closing price of the previous day.
Find out what could be the best investor’s move when it comes to JRRD by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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