Pompano Beach, Fl, Nov 28, 2012 (eTeligis.com via COMTEX)
Meanwhile, Superior Venture Corp(OTC: SVEN) has acquired a motion picture development and production company Ilustrato Pictures Ltd. The latter co-creates feature film projects with Chinese companies who produce films to be distributed in China and internationally.
London-based Ilustrato Pictures will operate as a wholly owned subsidiary of US based Superior Venture Corp. The purpose of establishing Ilustrato Pictures was to co-create feature films in partnership with Chinese motion picture companies. Its business model combines North American capabilities in motion picture development with low production costs backed by guaranteed revenue from the Chinese market as well as international film distribution. Shares of the company soared over 200% to its new high of $0.315 in Tuesday's session.
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Southridge Enterprises Inc.(PINKSHEETS: SRGE) shares slid 20% after falling 46% in yesterday's session. Over the past one week, the stock has been showing high volatility. The stock is still up 75% over the past one week. Southridge Enterprises Inc. is a renewable energy company. The Company seeks to engage in the production and marketing of ethanol and other renewable fuels in the south eastern region of the United States. The Company is in development stage.
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Leap Wireless International, Inc.(NASDAQ :LEAP) rose 1% to $6.11. Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Leap's Cricket service offerings provide customers with unlimited wireless services for a flat rate without requiring a fixed-term contract or a credit check.
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Expert Group Inc(PINKSHEETS: EXPU) shares slumped 12% to $0.0022. The stock has soared 450% over the past one month. The company announced that it has completed the first phase of the purchase of Family Vending, Inc. The Corporation is also in discussions to enter into a long-term employment agreement with Mr. Michael Robinson making him the Chief Operating Officer of Pleasant Springs, a wholly owned subsidiary of Expert Group, Inc. Mr. Robinson has a successful history in the bottled water industry and played integral parts the rapid growth of Naya Water into the market and Evian's distribution in the United States.
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MEDICAL MARIJUANA INC(PINKSHEETS: MJNA) shares continued to fall in Wednesday's session and fell 11% to $0.0830 on hefty volume of 8 million shares. The stock is down 32% over the past one week. Medical Marijuana, Inc. (MJNA) announced today that a new audio interview with Medical Marijuana Inc.'s President and CEO Ted Caligiuri (MJNA), a leading hemp industry innovator, will be available December 5, 2012. The interview will be hosted by SmallCapVoice and will cover 3rd quarter's positive financial results, the company's expansion and growth expectations through the remainder of 2012.
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