Horizon Lines Inc. (OTCPINK: HRZL) saw its share volume skyrocket on June 6th with 2,877,016 shares exchanging hands, more than 50 times higher than its three month daily average volume of 56,950 shares.
Horizon Lines reported strong first quarter financials last month:
"Horizon Lines generated 7.6% higher revenue container volume over the same period a year ago, driven largely by volume increases in our Hawaii and Puerto Rico trade lanes, which were partially offset by lower volumes in our Alaska market," said Sam Woodward, President and Chief Executive Officer. "Volume increases in our Hawaii market were predominantly due to modest growth in the Hawaii economy, including construction materials and tourism, as well as an increase in automobile shipments. Improvement in our Puerto Rico lift was primarily due to the full quarter impact of 2013's addition of a bi-weekly Jacksonville sailing to our southbound service between Houston and San Juan, as well as market share gains in our service between Philadelphia and San Juan."
"The 3.0% improvement in operating revenue over the same period a year ago was due to the higher revenue container volume, which was partially offset by a 3.8% decrease in average unit revenue," Mr. Woodward said. "The decline in our container rates was mainly due to lower bunker and intermodal fuel surcharges, the competitive environment in the Puerto Rico market, and a shift in cargo mix. The adjusted EBITDA shortfall of $6.9 million from a year ago was primarily due to a $6.9 million increase in fuel and labor costs associated with vessel dry-docking transits. Lower rates, net of fuel and contractual cost increases were offset by higher volumes and the elimination of vessel lease expense due to the purchase of the D7 vessels in January 2013."
HRZL closed the day at $.40, 33.33% higher than its previous close of $.30.
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STL Marketing Group Signs LOI With Call Management Products, Inc.
STL Marketing Group Inc. (OTCPINK: STLK) saw its share volume explode on June 6th with 133,598,251 shares exchanging hands, 133 times higher than its three month daily average volume of 1,539,970 shares.
Just last week, STL Marketing Group announced it has signed a Letter of Intent with Call Management Products, Inc. ("CMP"), a Colorado technology company. Under the terms of the Letter of Intent, STLK would promote, distribute and sell CMP's products in markets not currently served by CMP, namely overseas and to the Small Business Market (SMB) in North America.
"We are pleased to have executed this Letter of Intent with CMP. We have worked with CMP in the past and believe this will allow the Company an interesting opportunity. Our goal is to ensure the Company generates revenue, as it continues to pursue its anticipated Power Purchase Agreement. We strongly believe this distribution opportunity will complement our core business and is in the best interest of our shareholders. The companies are working on the definitive agreement. We will continue to pursue opportunities like this to further enhance our ability to grow the company," said Jose P. Quiros, the Chief Executive Officer of STL Marketing Group, Inc.
STLK closed the day at $.0055, 323.08% higher than its previous close of $.0013.
Actionview International, Inc. Changes Name to AVEW Holdings, Inc.
AVEW Holdings Inc. (OTCPINK: AVEW) saw its share volume skyrocket on June 6th with 355,397,834 shares exchanging hands, 14 times higher than its three month daily average volume of 25,172,757 shares.
AVEW Holdings changed its corporate name from Actionview International, Inc. earlier this week. Mr. Chavez, CEO of AVEW Holdings Inc., indicated that the name is more in line with the company business model. In addition, the financials for period Q1 2014 were uploaded into the OTC Markets. We believe all necessary documents have been submitted to remove the yield sign and bring the Company current with the OTC Markets. Once the Company becomes current with OTC Markets the company plans to release information on new key acquisitions and company information. "This was a big step for AVEW Holdings Inc. as we plan to take the Company to the next level. It is our goal to move to the OTCQB Market. Our business model remains the same, to continue making key acquisitions that will bring major revenue increases to the Company's bottom line for 2014 and beyond and to increase shareholder value," stated Mr. Jay Ling, President of AVEW Holdings Inc.
AVEW closed the day at $.0017, 112.5% higher than its previous close of $.0008.
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