Los Angeles, CA, Dec 12, 2012 (eTeligis.com via COMTEX)
mPhase Technologies (OTC:XDSL) shares declined 5% to $0.0019. The company announced that Pan European Networks, a popular periodical among the academic, politic and scientific community of Europe, has circulated a hard copy profile of mPhase Technologies. The profile, entitled "New Cell Power," which discusses the role that carbon and silicon play in innovating battery technology, has been featured in the Government publication which was released November 28, 2012.
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GrowlifeInc(OTC:PHOT) shares declined 3.49% to $0.0415 in the morning hour. The company announced its support for Colorado's official legalization of marijuana for recreational use. After Amendment 64 passed on election-day, Democratic Governor John Hickenlooper has now signed the Executive Order to formalize the amendment as a part of the State Constitution. The governor's signature makes it legal for citizens 21 years of age or older to possess, grow up to six marijuana plants, and use small amounts of recreational marijuana in their homes.
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WGI HOLDINGS (PINKSHEETS:WGIH) stock is trading at $0.0001. The company announced that it plans to develop applications for the Windows Phone 8 and Surface Tablets running Windows Pro 8. MyBitCloud plans on developing a Windows Phone 8 and Surface Tablets application that will allow users to access, share documents, photos, music and video from the MyBitCloud storage system.
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TRANS GLOBAL GROUP INC(PINKSHEETS:TGGI) stock plunged 50% to $0.0001. The company announced that it has filed an Amendment with the State of Nevada to reduce the Authorized shares of the Company from 4 billion to 3.6 billion Authorized shares with the effective date of 11-29-12. The Amendment should post within the next 24 hours. The Company also contacted its transfer agent to cancel an issuance of 480 million shares of its Common stock for a previously agreement for debt conversion.
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NeoMedia Technologies (PINKSHEETS:NEOM) stock increased 7.41% to $0.0029. NEOM and SpyderLynk announced that the two companies have settled all pending litigation and NeoMedia has granted SpyderLynk a non-exclusive patent license. NeoMedia and SpyderLynk have agreed to terminate all pending litigation brought by NeoMedia against SpyderLynk on Apr. 9, 2012.
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