Alliance Creative Group Inc. (OTCPINK: ACGX) stock volume soared Apr. 21, with 81,674,762 shares changing hands, more than three times its three-month average volume of 26,424,949 shares.
The sudden surge in volume is being fueled in part by the Schaumburg, Ill.-based printing and packaging company’s announcement that it has surpassed $3,200,000 in revenue and over $275,000 in net income for the first Quarter of 2014 ending Mar. 31, 2014.
Strong 1Q Results
The 2014 First Quarter numbers, ending March 31, 2014, represent an increase of about 30% in revenue and an increase of more than 150% in Net Income compared to the first quarter of 2013. The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements will be completed and posted around the 2nd week of May, 2014.
"The first quarter of 2014 ended very strong and exceeded all of our internal goals," CEO of the Alliance Creative Group Steven St. Louis said. "These results are due to a total team effort and not based on any one big client or project. The second quarter is starting off strong as well with some new projects developing in the future pipeline," he added.
On Apr. 21, ACGX’s share price closed at 1 cent, up 0.0018 cents, or 21.95%, from its close of 0.0082 the previous day.
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Latteno Food Corp. Acquires Diamond Grove Delivery
In other news, Latteno Food Corp’s (OTCPPINK: LATF) also enjoyed robust stock volume Apr. 21 with 126,549,486 shares changing hands.
The strong volume comes just a day after the Santa Ana-based medical-marijuana company announced its acquisition of Orange County, CA based DMND, Inc. that operates under the Diamond Grove Delivery (DGD) banner. The terms of the acquisition were not disclosed.
DGD, based out of Anaheim, Calif., has successfully signed up over 200 active MMJ patients with daily delivery service to various Orange County, Calif. cities. In addition to DDGD patients list, Latteno inherits several thousand Instagram and Facebook friends/clients, greatly increasing Rx Harvest Collectives' market reach.
To Consolidate Operations
Latteno plans immediately to consolidate operations with Diamond Grove Delivery, including adding DGD's products and services to its current offering; thereby greatly expanding the potential revenue sources. Additional products and services are currently under development and will be introduced over the following weeks.
The company had recently announced the official opening of its Medical Marijuana Evaluation office in Los Angeles, CA; staffed by Doctors who are well-known experts in Chinese herbal medicine and medical cannabis to evaluate, recommend state-issued MMJ cards to qualified California residents. Latteno's MMJ Evaluation Service is expected to provide a continuing source of potential MMJ Delivery customers.
Earlier in 2014 Latteno also announced the acquisition of California based MMJ cultivate/delivery service to be operated under the newly formed subsidiary Rx Harvest Collective Inc; and the launch of its Industry leading MMJ Edibles Delivery Service and on-line ordering website. The DMND acquisition marks the first in a series of planned expansion agreements to continually expand its customer base and revenue sources.
On Apr. 21, LATF’s share price closed at 1 cent, unchanged from its closing price of the previous day.
Minerco Resources Inc. Stock Volume Robust
Meanwhile, Minerco Resources Inc. (OTCQB: MINE) volume was strong Apr. 21, with 99,775,703 changing hands.
Parent Company of Level 5
The Nashua, N.H.-based company is the parent company of Level 5 Beverage Co., a specialty beverage company which develops, produces, markets and distributes a diversified portfolio of all-natural and highly functional brands.
The company has developed the LEVEL 5 and COFFEE BOOST brands and has acquired the exclusive worldwide rights to the VitaminFIZZ Brand. The products are currently available in Southern California and Arizona and online at Amazon.com.
While there has been no breaking news or press releases regarding the company of late, industry experts speculate that perhaps its COFFEE BOOST brands have been gaining some traction online, which would explain its sudden uptick in stock volume.
On Apr. 21, MINE’s share price closed at 3 cents, unchanged from its close the previous day.
Vital Products Inc. Share Value Increases 183.33% in One Day
Finally, Vital Products Inc. (OTCPINK: VTPI) stock volume skyrocketed Apr. 21, with 796,452,710 shares changing hands, more than 70 times its three-month average volume of 11,401,967.
The Laguna Woods, Calif.-based company is a distributor of industrial packaging products. The company said plans to identify and invest in emerging market segments in the industrial packaging sector. Vital Products through its research and development arm in Canada and the United States will patent, trademark and/ or license new products and systems that it can use to establish itself as a leader in environmentally sustainable packaging options.
However, the hasn’t made any news recently and hasn’t issued a press release since 2008, so its anybody’s guess as to why its share volume and value are suddenly on the uptick.
Its latest financial filing dates back to July 21, 2012 and shows that the company at that time had a loss of $244,000.
On Apr. 21, VTPI’s share price closed at 0.0017 cents, up 0.0011 cents, or 183.33%, from its close of 0.0006 the previous day.
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