SNRY Soars 242% Today! Congrats Members!
pennydreamers Newsletter
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Good Afternoon Members Our alert today of SNRY has turned out to be a HUGE winner for our followers as it traded an intra-day high of 242%! Members made a nice profit getting in early this morning when we first alerted this, congrats to those members! Did you get our second email on SNRY we sent around 11 am this morning! At that time SNRY was up 71% and then skyrocket to a day high of 242%! HUGE profit was made today! Look for an end of day push for SNRY as support is strong at 0.10. Once again another profitable day here at Penny Dreamers! Stay Tuned as we have a special play for everyone tomorrow that could be out next big winner! Our Alert SNRY, Solar Energy Initiatives Inc.
Solar Energy Initiatives Signs Definitive Agreement to Purchase Internet Digital Marketing Company Announces Corporate Restructure PONTE VEDRA BEACH, Fla., May 8, 2012 (GlobeNewswire via COMTEX) — Solar Energy Initiatives, Inc. (OTCBB:SNRY), a diversified provider of solar solutions with two principal wholly owned subsidiaries focused on large-scale projects, today announced that the company has signed a definitive agreement to purchase certain assets of a company focused in the digital internet marketing space. The asset purchase is scheduled to close no later than July 15, 2012.
Our plan of acquiring a leading media & data solutions provider which is focused on connecting their clients to a targeted audience across multiple sales, marketing and distribution channels gives the company a strong platform on which to launch our new business strategy into the explosive internet digital marketing space.
We plan to leverage all digital media options to drive new customers, increase sales, and increase revenue to build shareholder value. The plan is to provide everything a business needs to successfully promote their business on the internet. Future plans include a merger and acquisition strategy to increase client base and company revenues. Future acquisitions are directed toward businesses involved in internet technology, enabled business processes, data, Internet marketing or e-commerce, and service businesses including web enabled software platforms.
“Solar Energy Initiatives has been working to recapitalize the company and seek out new growth opportunities in order to maximize shareholder value. The decision was made due to the reduction in value of its current solar business.
“The Company has been seeking an acquisition candidate in order improve the financial condition of the company to protect the interests of the shareholders,” stated David Fann, Chief Executive Officer of Solar Energy Initiatives.
Solar Energy Initiatives Inc. (the “Company”) recently filed a Certificate of Correction to its Certificate of Amendment to the Certificate of Incorporation (the “Certificate”) to effect a reverse stock split of all outstanding shares of common stock at a ratio of 1 for 100 (the “Reverse Stock Split”). Fractional shares outstanding after the Reverse Stock Split will be rounded up to the next highest number of full shares.
The Certificate was approved by the Board of Directors and shareholders holding a majority of the issued and outstanding shares of common stock.
SOURCE: Solar Energy Initiatives, Inc.
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