Wall Street News Alert: Hot Stock to Watch: iTokk Inc. -- November 30, 2009
November 30 2009 - 9:38AM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are: iTokk
Inc. (OTCBB: IKTO), Verizon Communications (NYSE: VZ), 3Com
Corporation (NASDAQ: COMS) and Microsoft Corp (NASDAQ: MSFT).
Friday, iTokk Inc. (OTCBB: IKTO) issued a press release
announcing that it has signed a binding Letter of Intent (LOI) for
a strategic distribution partnership with Mayfair Club A.E. of
Athens Greece to begin distribution of the iTokk products and
services in Greece and the Balkans; and in addition will embark on
business development in the Commonwealth of independent States
(CIS) former countries of the Soviet Republic.
According to the Agreement, Mayfair Clubs will begin by bundling
their existing portfolio of solutions along with the iTokk
Click-to-Call and iTokk-Mobile services and will be marketed and
distributed through Mayfair Clubs distribution network of more than
250,000 customers that have purchased more the one solution and
over 1,200,000 customers that have purchased at least once a
solution from Mayfair Club. Mayfair Club has been providing
solutions for over 1800 businesses in Greece since 1985
integrating, distributing and bundling solutions supplied by
companies including Vodafone Greece, Wind telecom & ISP, Vivodi
Telecommunications, Cosmote, On Telecoms and Tellas.
According to telecommunications Research Company Buddcomm's
annual publication 2008, profiles the emerging Balkan markets and
the integration with the EU which is driving economic development
and change, a trend that has manifested itself in the region's
telecoms markets. The report presents an overview of the telecom
markets in what are arguably some of Eastern Europe's most
promising growth markets with example highlights such as fixed
broadband take-up across the region gaining momentum with annual
growth rates of 200% in Bosnia-Herzegovina, 51% in Croatia and 62%
in Cyprus.
The two organizations are negotiating the final terms and
conditions of a reseller arrangement that would give Mayfair access
to iTokk's IP services platform in exchange for yet to be disclosed
terms of revenue share and local pricing models. This Letter of
Intent (LOI) will be superseded and replaced, as soon as
practicable, by a formal reseller agreement with standard terms
that are consistent with the principal terms provided herein.
The stock closed Friday at Fifty cents a share.
To receive FREE Mobile Stock Alerts formatted especially for
your cell phone, text the word "press" in the subject line to
68494.
For more information, please visit www.WallStreetNewsAlert.com
and you can also follow Wall Street News Alerts on Twitter at
http://twitter.com/wsna
Verizon Communications (NYSE: VZ) down 1.2% on 8.5 million
shares traded. Verizon Communications is a US provider of broadband
and other wireless and wire line communications services.
3Com Corporation (NASDAQ: COMS) up 0.1% on 3.2 million shares
traded. 3Com Corporation is a $1.3 billion global enterprise
networking solutions provider that sets a new price/performance
standard for customers.
Microsoft Corp (NASDAQ: MSFT) down 1.9% on 29.3 million shares
traded. Microsoft is the worldwide leader in software, services and
solutions that help people and businesses realize their full
potential.
Market Commentary:
Economists predict the ISM manufacturing index, due out Tuesday,
dipped to 55 in November from 55.7 in October. A reading above 50
indicates growth in the sector. The ISM service-sector index, due
Thursday, is forecast to have risen to 51.5 last month from 50.6 in
October.
Let Wall Street News Alert help advertise for your company using
our effective awareness campaigns. If you're Interested in telling
your story, we can help. Contact us at
info@wallstreetnewsalert.com
WSNA's email alert service is free to those investors who sign
up on the WSNA home page. The alert service is designed to notify
investors of often-overlooked stocks. Subscribers are introduced to
Special Situation companies that have the potential of showing
increased activity. The Wall Street News Alert home page has
experienced over 200 million hits. To subscribe to this free
service, visit the Wall Street News Alert home page at
http://www.wallstreetnewsalert.com.
*** It has come to the attention of Wall Street News Alert
(WSNA), that various persons or companies distribute faxes bearing
similar names to Wall Street News Alert. Wall Street News Alert is
not affiliated with faxes bearing names such as: Wall Street Stock
Alert, Wall Street Investor Alert, Wall Street News Alert or any
other fax using various combinations of the generic words Wall
Street.***
Wall Street News Alert is a division of Wall Street Capital
Funding LLC (WSCF). WSCF also maintains a contractual, working
relationship with Stock Market Alerts LLC and its Wall Street Enews
brand. WSCF is not a registered broker/dealer and may not sell,
offer to sell or offer to buy any security. WSCF profiles are not a
solicitation or recommendation to buy, sell or hold securities. An
offer to buy or sell can be made only with accompanying disclosure
documents from the company offering or selling securities and only
in the states and provinces for which they are approved. The
material in this release is intended to be strictly informational.
The companies that are discussed in this release have not approved
the statements made in this release nor approved the timing of this
release. All statements and expressions are the sole opinion of
WSCF and are subject to change without notice. Information in this
release is derived from a variety of sources including that
company's publicly disseminated information, third parties and WSCF
research. The accuracy or completeness of the information is not
warranted and is only as reliable as the sources from which it was
obtained. WSCF disclaims any and all liability as to the
completeness or accuracy of the information contained and any
omissions of material fact in this release. The release may contain
technical inaccuracies or typographical errors. It is strongly
recommended that any purchase or sale decision be discussed with a
financial adviser, or a broker-dealer, or a member of any financial
regulatory bodies. Investment in the securities of the companies'
discussed in this release is highly speculative and carries a high
degree of risk. WSCF is not liable for any investment decisions by
its readers or subscribers. Investors are cautioned that they may
lose all or a portion of their investment if they make a purchase
in WSCF profiled stocks.
This profile is not without bias, and is a paid release. WSCF
has been compensated for dissemination of company information on
behalf of one or more of the companies mentioned in this release.
For current services performed for iTokk Inc. (OTCBB: IKTO), WSCF
has been compensated Eight Thousand Dollars, by a third party, Alex
Inc., who is non-affiliated and may hold a significant position in
the stock. WSCF holds no shares of the stock. WSCF may receive
additional compensation for extension of its services. Any
additional compensation will be disclosed at such time that WSCF is
aware of a client's desire to extend the original services. WSCF
may have received shares of a company profiled in this release
prior to the dissemination of the information in this release. WSCF
may immediately sell some or any shares in a profiled company held
by WSCF and may have previously sold shares in a profiled company
held by WSCF. WSCF's services for a company may cause the company's
stock price to increase, in which event WSCF would make a profit
when it sells its stock in a company. In addition, WSCF's selling
of a company's stock may have a negative effect on the market price
of the stock.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and WSCF undertakes no
obligation to update such statements.
Contact email: Email Contact URL:
http://www.wallstreetnewsalert.com Company: Wall Street News
Alert
iTokk (CE) (USOTC:IKTO)
Historical Stock Chart
From May 2024 to Jun 2024
iTokk (CE) (USOTC:IKTO)
Historical Stock Chart
From Jun 2023 to Jun 2024