Ryan Vlastelica, Reuters
Wall Street edges down in another light session
Stocks edged down in another lightly traded session on Tuesday as investors took a wait-and-see approach ahead of a key speech by Federal Reserve Chairman Ben Bernanke.
Bernanke is speaking on Friday at a conference in Jackson Hole, Wyoming, and market participants are waiting to see whether he will announce new stimulus to boost economic growth. He is expected to sustain expectations for a third round of quantitative easing, though he could keep markets guessing about the timing of such an action.
Hopes for QE have risen alongside signs of slowing growth. Japan’s government just cut its economic assessment, citing a deceleration in the U.S. and China.
Yesterday’s Top Performing Small Cap Stock:
Medical Marijuana Inc. (Pink Sheets: MJNA)
Medical Marijuana Inc. was a SmallCapVoice top performer closing up 10% on trading volume of 4,701,419 shares.
Medical Marijuana Inc. Announces National Marketing Campaign with WeedMaps
SAN DIEGO, Aug. 27, 2012 /PRNewswire/ – Medical Marijuana Inc. (OTC: MJNA), a leading hemp industry innovator, is pleased to announce the kickoff of its nationwide marketing campaign with one of the industry’s leading information hubs-WeedMaps.
With over 16 million page views a month, WeedMaps connects thousands of medical marijuana dispensaries and products across the U.S. with the over 1 million patients, as estimated by industry group NORML, who need them most. By creating viral videos, advertising and informative pages on its many websites including Weedblog.com and Marijuana.com, WeedMaps serves as a vital portal for innovations in the industry ranging from medical marijuana to Hemp-based CBD products. For Medical Marijuana Inc., WeedMaps is an especially critical platform to inform patients about the company’s newest line of hemp-based CBD products Dixie X and CanChew, which will be sold online and through select distributors in early September 2012 when the campaign with WeedMaps officially begins.
Today’s SmallCapVoice.com Hot Stock to Watch:
Omega Commercial Finance Corp. (OTCQB: OCFN)
Omega Commercial Finance Corporation Signs LOI to Acquire Full Service Brokerage Firm
MIAMI, FL – (Marketwire) – 08/27/12 – Omega Commercial Finance Corporation (OTCQB: OCFN) (PINKSHEETS: OCFN) signed a Letter of Interest to acquire a boutique brokerage firm that illustrates historical profits from top-line gross production of $4.3 million. The firm maintains 17-licensed advisors that offer a full range of financial products covering 40-States. Additionally, the firm is a licensed RIA and can offer insurance products, plus has approximately a half billion dollars in assets under management. Operationally this brokerage firm will cultivate growth strategies for OCFN with the ability to integrate a capital markets Institutional Sales Team (“IST”) whose sole responsibility is to offer structured finance products such as CMBS’s, CLO’s, ABS’s, or proprietary lines of credit, to support the subsidiary lending operations. Additional products will include one-off private placements for first-rate types of strategic alliances, joint-ventures, and CRE development projects. Likewise, management has determined the brokerage firm’s current advisors can offer these structured financial products on day one of the acquisition.
SmallCapVoice.com Clients’ News:
Mantra Venture Group Ltd. (OTCBB: MVTG)
A New Audio Interview With Larry Kristof, President and CEO of Mantra Venture Group Ltd., is Now at SmallCapVoice.com
AUSTIN, Texas, Aug. 28, 2012 (GLOBE NEWSWIRE) – SmallCapVoice.com, Inc. announced today that a new audio interview with Mantra Venture Group Ltd. (OTCQB:MVTG) (Frankfurt:5MV) is now available. The interview can be heard at http://smallcapvoice.com/blog/8-24-12-smallcapvoice-interview-with-mantra-venture-group-ltd-otcqb-mvtg
The interview includes an overview of the technologies for MVTG, the goals for the companies in 2012 and the major achievements of the companies to date.
Other Small Cap News
Revolutionary Concepts, Inc. (OTCBB: REVO)
Revolutionary Concepts, Inc. Awarded First in a Series of Patents Establishing Dominate Position in Two Way Communication
CHARLOTTE, N.C., Aug. 28, 2012 (GLOBE NEWSWIRE) — Revolutionary Concepts, Inc., (OTCBB:REVO), a development stage company focused on the design and development of the EyeTalk Communicator has recently been awarded U.S. patent 8,139,098 covering a method for receiving a person at an entrance.
This patent is one of a series of five patents that support an earlier patent awarded to the company in 2007. The earlier patent includes two independent claims, of which one is directed to an audio-video communication and answering system, and the other of which is directed to a method for audio-video greeting and communicating with visitors at a business or residence.
MEDL Mobile Holdings Inc. (OCTBB: MEDL)
MEDL Mobile Expands Its App Library Through Acquisition
Company Adds New Titles and Platforms by Rolling Up Apps From Independent Developers
FOUNTAIN VALLEY, Calif., Aug. 28, 2012 (GLOBE NEWSWIRE) — MEDL Mobile, Inc.(OTCBB:MEDL), a pioneer in the creation, development, marketing and monetization of mobile apps, has found a way to spin gold out of the challenge facing developers across the apposphere by rolling quality independent apps into a cross-monetizing network.
New apps are added into the existing MEDL network simply by installing a few lines of code through a proprietary MEDL SDK. Once the SDK is installed and the app is live on the store, MEDL is able to cross promote the new app to it’s millions of current users.
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