Breaking News Alert: SNET Is Wednesday's Active Stock to watch with $1Mil Acquisition News Released
May 09 2012 - 9:55AM
Marketwired
FinancialNewsMedia.com "stocks to watch" for today:
Sourcinglink.net, Inc., (PINKSHEETS: SNET), Arena Pharmaceuticals,
Inc. (NASDAQ: ARNA), Quest Software Inc. (NASDAQ: QSFT), Demand
Media, Inc. (NYSE: DMD).
Breaking News Headline for SNET: Sourcinglink.net, Inc. Inks $1
Million Acquisition of Premium Class Automobiles Signs New Program
Members for Alliance Auto Group
Sourcinglink.net, Inc., (PINKSHEETS: SNET) subsidiary Alliance
Auto Group announced it has, through a $1 million transaction,
acquired both a new fleet of Premium Class Automobiles and improved
SNET Membership Clients list by completing the resigning of members
from a failed regional competitor. Fueled by the recent growth and
continued expansion of Alliance Auto Group, the Company has
identified opportunities to further increase memberships, via the
acquisition of smaller, sole proprietorship-owned companies.
Alliance Auto Group management commented, "This growth by
acquisition strategy facilitates a rapid expansion for the company.
Following this recent merger and further planned acquisitions of
smaller rental companies, we envision quickly ramping up to 1000
automobiles available to our current and future members in SNET's
Alliance Auto Group Fleet."
Read the entire SNET press release announcing exciting new
developments along with their full disclosure here:
http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=153
Sourcinglink.net, Inc., (PINKSHEETS: SNET) appears to be an
emerging company that investors are urged to begin researching
immediately.
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Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) was up in today's
premarket after skyrocketing 25% yesterday, as briefing documents
posted suggest the company may have provided the FDA with enough
new information to alleviate concerns about the risk of tumors and
heart problems with its lorcaserin obesity drug. BMO upgrades
shares and raises its price target to $7 from $1.
Quest Software Inc. (NASDAQ: QSFT) which agreed to be bought by
Insight Venture Partners for $2 billion, said it received multiple
alternative proposals during its go-shop period. "The alternative
proposals are reasonably expected to lead to a superior proposal,"
the enterprise systems management software maker said in a
statement..
Demand Media, Inc.(NYSE: DMD) -- The Santa Monica, Calif.-based
online content and social media company reported first-quarter
adjusted earnings of $5.9 million, or 7 cents a share, on revenue
of $82.9 million, up 8% from year-ago levels.
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