Wednesday’s Report
Bull in Advantage, LLC Newsletter
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m-Wise, Inc. MWIS MWIS began trading like a monster yesterday as some exciting news of a potential buyout has investors in a frenzy. The stock closed up 471% to settle at .0571, and based on the nature of this PR, wouldn`t be surprised to continue to see a climb.
We`re looking for an early morning pullback rising from a market makers` shakeout in order to snap up cheap shares of this beast.
NEW YORK, Mar 8, 2011 (GlobeNewswire via COMTEX) — Vringo, Inc. (NYSE Amex:VRNG), a provider of video ringtones and personalization solutions for mobile devices, today announced that it has signed a non-binding Letter of Intent (“LOI”) to acquire substantially all of the assets of m-Wise, Inc. (OTCBB:MWIS).
m-Wise provides a platform used by leading content owners and service providers to manage, deliver and monetize mobile entertainment, content and applications.
The m-Wise mobile software as a service (SaaS) platform is used to power over three million daily mobile service transactions world-wide, and m-Wise has performed over one billion mobile transactions in the aggregate since it was founded in March 2000.
m-Wise`s platform has been utilized in over 300 applications across more than 50 mobile networks by more than 50 international content and media providers. m-Wise`s current customers include leading companies such as Jesta Digital, Thumbplay, Universal Music Group, Digicel and Snackable Media. These m-Wise-enabled applications for content and media partners include content delivery services, ringtones, music, video, games, information services, alerts and advertising and promotions, all of which were developed and delivered from the cloud on a hosted basis.
For the nine months ending September 30, 2010, m-Wise reported sales of $2.1 million, gross profit of $1.2 million and a net loss (including non-cash, stock-based expenses and options accounting) of $0.8 million. Vringo anticipates cost savings and operational synergies from combining m-Wise`s business with Vringo`s core business. As a result, Vringo believes that the m-Wise acquisition will be cash flow accretive with the potential to reduce Vringo`s overall burn rate in the first full year of combined operations.
http://www.m-wise.com/
Writer`s Group Film Corp. WRITWRIT jumped from our initial mention at .065, to yesterday`s high of .106, for a sweet 63% push on Tuesday, and giving us enough of a reason to come looking for more action out of this stock today.
We find it worthwhile to mention that the stock was trading as high as .20 as recently as the 25th of February. We`re looking to see the stock regain some of that territory.
http://www.frnetworks.com ~~~~~~~~~~~~~~~~~~~~~~~~~~
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