Minerco Resources, Inc. (OTCQB: MINE) saw its share volume decline on May 14th with 48,081,552 shares exchanging hands, significantly lower than its three month daily average volume of 130,119,044.
Minerco Resources recently announced its Level 5 Beverage Company secured $2,000,000 in financing in the form of a traditional line of credit from Post Oak, LLC.
V. Scott Vanis, the Chairman and Managing Director of the Company said, "We have been diligently working towards this type of traditional credit facility for a long time. Our work has finally paid off. This $2,000,000 Credit Line will allow the Company to make business decisions without the distractions caused by less traditional financing vehicles. The fact that we do not have any payments due while we launch VitaminFIZZ® and expand COFFEE BOOST™ is only trumped by the fact that we do not have any conversions to worry about. I would like to thank Post Oak and their team for their confidence in our companies! We have earned this by operating our business in a responsible manner, and we will continue to do so. Only now we have added increased 'flexibility' and 'freedom' to our business operations. We look forward to a long relationship with Post Oak as we continue to set and attain our lofty goals."
MINE closed at $.0187 on May 14th, 3.1% lower than its previous close of $.0193.
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Stevia Corp. In Talks To Supply Major Fortune 500 Company
Stevia Corp. (OTCQB: STEV) saw its share volume remain steady on May 14th with 2,841,905 shares exchanging hands, right on par with its three month daily average volume of 2,888,934 shares.
Stevia Corp., an international farm management company focused on the economic development of products that support a healthy lifestyle, including stevia and hemp, is pleased to announce that it achieved its projection for the current harvest and is now in talks to supply a major Fortune 500 company.
Stevia Corp. harvested more than 2,000 tons of crops during the spring harvest of 2014, doubling the 2013 spring harvest. The majority of the spring harvest occurred during the Company's fourth quarter ending March 31, 2014 with the balance occurring during the current quarter ending June 30, 2014.
George Blankenbaker, Stevia Corp President, comments, "We are continuing to diversify our crop portfolio and add international clients. To date, we are working with the largest food conglomerate in South Korea, a major importer to Europe, and we are in talks with a major Fortune 500 company to supply its South East Asian operations. Our model is working, now it is a matter of scaling it."
STEV closed at $.181 on May 14th, 6.78% higher than its previous close of $.1695.
Cytosorbents Corp Reports Financial Results For First Quarter of 2014
Cytosorbents Corp (OTCQB: CTSO) saw its share volume remained stable on May 14th with 1,792,374 shares exchanging hands, slightly higher than its three month daily average volume of 1,535,439 shares.
This comes after Cytosorbents Corp, a critical care immunotherapy company using blood purification to treat life-threatening illnesses, reported its financial results for the first quarter of 2014.
Q1 2014 Financial Highlights:
- Record total revenue for the first quarter of 2014 of approximately $1.1M, driven by increases in both product and grant income
- Achieved record quarterly CytoSorb® sales of $569K. This represents a sequential 81% increase from the prior quarter product sales of $314K, and a 223% increase over product sales of $176K in Q1 2013
- Product gross margins for Q1 2014 were in excess of 60%
- Grant income increased 152% to $491K during Q1 2014, compared to $195K in Q1 2013
- Successfully raised $10.2M in a March 2014 financing led by Brean Capital, strengthening the balance sheet with $9.5M cash, net of fees and expenses, and providing the company with significant growth capital. As of March 31, 2014, cash and short-term investments were approximately $11.2M
- Received $458K in non-dilutive funding from the New Jersey Technology Business Tax Certificate Transfer Program
CTSO closed at $.24 on May 14th, up .04% from its previous close of $.2399.
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