Oil Prices Get Slammed As OPEC Decides Against Cutting Oil Output

allpennystocks Newsletter

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http://ymlp306.net/zKXVbp ——————————————————————————– November 30, 2014 Week & Month In Review…

Week & Month In Review For November 24 to November 28, 2014 This week on AllPennyStocks.com:

* Article Published, November 25, 2014:Gold Assays in from NuLegacy Iceberg Gold Project (http://www.allpennystocks.com/aps_ca/special-reports/464/Gold-Assays-in-from-NuLegacy-Iceberg-Gold-Project.htm) (CDN / U.S. Company) * Article Published, November 26, 2014:Net Loss Widens at DigiPath as Company Positions for Expanded Operations in Marijuana Industry in 2015 (http://www.allpennystocks.com/aps_us/special-reports/491/Net-Loss-Widens-at-DigiPath-as-Company-Positions-for-Expanded-Operations-in-Marijuana-Industry-in-2015.htm) (U.S. Company) * Article Published, November 28, 2014: Tuscany Energy Swings to Profitability as Production Climbs (http://www.allpennystocks.com/aps_ca/special-reports/465/tuscany-energy-swings-to-profitability-as-production-climbs.htm) (CDN Company) Video charts for the week:

* November 28th Video Chart for ONTY. The Oncothyreon chart made a nice move on Wednesday and is now facing the 50 day moving average as it tries to uptrend off a bottom of $1.52 earlier this month. The 50 DMA has proved tough for several months and technical traders will be looking for a break and hold above it or for $1.75 to try and hold as a new support on a pullback. view: ( http://www.youtube.com/watchv=t9fskgxBisc ) * November 28th Video Chart for FUU:CA. The Fission 3.0 chart hit a bottom of 6 cents in October and has steadily crept its way back over a support at 8 cents, making a channel of higher highs and higher lows in the process. The indicators are leaning towards bullishness, suggesting the pattern may continue. view: ( http://www.youtube.com/watchv=UfYIwEhZbUo ) _________________________________________________________________ Featured Link: Try the AllPennyStocks.com Pro newsletter / member area free for 14 days. Members receive exclusive Canadian and U.S.

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_________________________________________________________________ WEEKLY & MONTHLY UPDATE – ECONOMIC DATA PROVIDES CATALYST FOR NORTH AMERICAN STOCKS The Market View:

It was a tale of two markets to wrap November with a light trading week in the US as investors took time off for the Thanksgiving holiday leading to modest gains and new record highs for the Dow Jones Industrial Average and the S&P 500. North of the US border, the Toronto markets were hit hard as resources, especially oil prices were pulverized. While Americans ate turkey and pumpkin pie…

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A Few Things to Consider:

For the fourth straight week, the Russell 2000 Small Cap Index tried to break through resistance around 1,180 only to fall back again before Friday`s closing bell. We said weeks ago that…

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Thoughts for the Week – Playing Oil Prices Falling Through the Floor:

Okay, so calling a bottom for oil prices in the new light that OPEC is not going to lift a finger to try and stop the sliding price of oil is a fool`s task best left to industry charlatans. Pick a news source and it`s easy to find some analyst saying prices are attractive right now and others declaring oil could easily go to $60 per barrel, so we advise…

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Forex & Commodity Snapshot:

* The Canadian Dollar sunk against the US dollar last week after hitting a 3-week high a week earlier, falling by 1.62% to US$0.87583.

* February Gold futures were the most actively traded, losing $22.20 per ounce, or 1.85%, to $1,175.50.

* March Silver futures were the most actively traded, reversed course after two up weeks, shedding $0.839 per ounce, or 5.12%, to $15.556.

* March Copper futures were the most actively traded and took a pounding to lose $0.187 per pound, or 6.17%, to $2.8445.

* January West Texas Intermediate Crude futures were the most actively traded, taking a pummeling on the OPEC news to jettison $10.36 per barrel, or 13.54%, to $66.15.

Equity Market Snapshot:

(All percentages on a weekly basis unless otherwise noted) * The week kicked-off with a flurry of M&A deals. Renaissance RE Holdings Ltd. (NYSE:RNR, -3.49%) agreed to buy fellow Bermuda-based reinsurer Platinum Underwriters Holdings Ltd. (NYSE:PTP, +21.18%) for $1.9 billion in cash and stock, a deal valuing PTP shares at $76 each.

The offer values Platinum at only 1.1-times book value, a number that some analysts think could bring out other potential buyers.

* BioMarin Pharmaceuticals (NASDAQ:BMRN, +4.53%) said it is paying up to $840 million to buy Prosensa Holding (NASDAQ:RNA, +72.81%), a Dutch pharma with no marketed products. BioMarin will shell out about $680 million in cash upfront and another $160 million provided that Prosensa`s treatment for Duchenne muscular dystrophy garners regulatory marketing approval in the US and Europe in the next couple years.

* Canada`s largest private equity firm, Onex Corp. (TSX:OCX, +1.14%), said it is buying Swiss food packaging company SIG Combibloc Group AG for as much as $4.66 billion. Onex will pay $4.43 billion at the close of the transaction for SIG and up to an additional $217 million if the company meets certain financial milestones during 2015 and 2016. SIG is owned by Reynolds Group Holdings Limited, backed by New Zealand`s richest man, Graeme Hart.

* Shares of Israel-based 3D design software product maker Cimatron Ltd. (NASDAQ:CIMT, +42.60%) shot ahead on record volume after 3D printer maker 3D Systems Corp. (NYSE:DDD, +0.37%) agreed to pay $97 million for the company, a 47.5% premium to the day prior value of Cimatron. 3D Systems says that the acquisition will be immediately accretive following closing of the deal, slated for Q1 2015.

* GlaxoSmithKline (NYSE:GSK, +0.11%) didn`t go into details as to which employees are getting the axe, but said it will be cutting hundreds of jobs as part of a restructuring scheme that will save Britain`s biggest drugmaker $1.56 billion in annual expenses.

Separately, GSK shareholders will be voting on December 18 on a proposed deal with Novartis (NYSE:NVS, +1.76%) that will include the two pharma giants trading more than $20 billion in assets.

* Following years of analysis on the environmental impact, Nigeria`s National Assembly said that oil major Royal Dutch Shell (NYSE:RDS.A, -7.51%) should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield. It`s notable that the NNA only provides recommendations to the government, so the $4 billion fine suggestion is not binding. Shell has previously said that it took responsibility for the spill and performed the requisite cleanup.

* Shares in Hudson`s Bay Company (TSX:HBC, +19.65%) ran ahead after the company said the building of it Saks flagship store on Fifth Avenue in Manhattan was valued at $3.7 billion, making it the most valuable retail building in the world. That`s a pretty good piece of news considering Hudson Bay only paid $2.9 billion for the entire Saks department store chain. With the valuation, HBC secured a $1.25 billion, 20-year loan at a fixed rate of only 4.4%, using part of the cash for a $250 million renovation on the iconic building.

* BCE Inc, Canada`s largest telecommunications company, (NYSE:BCE, -1.08%) announced it will spend $520 million in cash and stock to acquire mobile phone retailer Glentel Inc., which sells products across 494 stores in Canada. The move is viewed as defensive in nature as BCE, which operates the Bell brand, fights with regional competitors for market share as well as bigger rivals Rogers Communications (NYSE:RCI, +0.07%) and Telus Corp. (NYSE:TU, +0.58%).

* With Black Friday hitting and Cyber Monday on the calendar for tomorrow, retailers are planted in the spotlight. Wal-Mart (NYSE:WMT, +3.41%) said that Thanksgiving Day delivered the best online sales day in corporate history outside of Cyber Monday last year. Other retailers had solid days on Friday to post good weeks too, including Amazon.com (NASDAQ:AMZN, +1.81%), Macy’s Inc. (NYSE:M, +2.49%) and Best Buy (NYSE:BBY, +3.63%).

* Shares of Air Canada (TSX:AC, +10.37%) flew to a six-year high on the strength of low fuel prices related to sinking oil prices. In company operations, a flight from Penticton to Vancouver made the headlines as a bolt broke off a propeller and embedded itself in an outer acrylic window pane. No emergency was declared as the interior pane was not damaged and the plane landed safely as scheduled.

Weekly Indices Results:

The S&P TSX Composite Index closed red for the first time in seven weeks, erasing 366.38 points, or 2.42%, to 14,744.70. The TSX-Venture Composite Index erased all gains from a previous three-week winning streak, dumping 47.26 points, or 5.99%, to 741.87.

In the States, the Dow Jones Industrial Average kept rising into uncharted territory, making another record high and extending its weekly winning streak to six by adding 18.18 points, or 0.10%, at 17,828.24. The much-broader S&P 500 is in the same boat with a new record of its own, gaining 4.06 points, or 0.20%, to close at 2,067.56. The tech-rich NASDAQ Composite moved ever closer to 4,800, adding 78.66 points, or 1.67%, to 4,791.63.

Canadian Economic Data:

(All data from Statistics Canada unless otherwise noted) * Led by a 3.4% surge in sales for motor vehicles and parts dealers, retail sales climbed by 0.8% in September to a record C$42.85 billion, easily topping economist forecasts of a 0.5% increase. Excluding autos, retail sales were flat, which was short of predictions for a 0.3% climb. Meanwhile, a 0.3% contraction in August was revised to a 0.2% slide and July was revised to show basically no change after an original estimate of a 0.1% decline. In volume terms, retail sales were up by a strong 1.0% in September. Sales at gas stations (-0.2%) declined for a third straight month, while receipts for furniture and home furnishings (+1.3%) and electronics and appliances (+1.2%) advanced. Retail sales were up in eight provinces in September.

Higher sales in Ontario (+1.0%), Alberta (+1.0%) and Quebec (+0.7%) accounted for most of the increase.

* The Industrial Product Price Index, which measures the price manufacturers receive when products leave the factory (but not final prices paid by consumers), fell for the second straight month, declining 0.5% in October against economist expectations of 0.4% drop.

In September the IPPI decreased by 0.3%. October`s decline was led by lower prices for energy and petroleum products (-4.6%), which was the largest monthly decline since June 2012. To a lesser extent, downward pressure was put on the IPPI by prices for chemicals and chemical products (-0.8%) and fruit, vegetables, feed and other food products (-0.6%). Moderating the decline in the IPPI were higher prices for motorized and recreational vehicles (+0.9%). The IPPI rose 2.5% during the 12-month period ending in October, following a 2.6% gain in September.

* The Raw Material Price Index fell 4.3% in October, marking the fourth straight monthly drop and biggest monthly contraction since October 2012. Economists were expecting a decline, but only 2.5%.

Plunging prices for crude energy products (-8.8%) were largely responsible for the decline. The decline of the RMPI was moderated primarily by prices for animals and animal products, which rose 1.8% in October, after two consecutive monthly decreases. The RMPI fell 2.3% in the 12-month period ending in October, after declining 1.3% in September. On a year-over-year basis, it was the largest decrease in the index since November 2013.

* The Canadian economy grew at a 2.8% annualized rate during the third quarter, topping economist forecasts of 2.1% expansion and the Bank of Canada`s call for a 2.3% pace, although trailing the 3.6% growth in the second quarter. Exports rose 6.9% in Q3, paced by crude, metals and chemicals. Imports increased 4.0%. Household spending was up 2.8%, as people bought more big ticket items, like cars and furniture. From a month-over-month perspective, GDP expanded 0.4% in September, following August`s 0.1% contraction. Finance Minister Joe Oliver said that Canada is on the right track even as concerns circle above about the global economy.

This week, major economic data reports will include the Bank of Canada Interest Rate Decision on Wednesday; Ivey PMI on Thursday; and the Labour Force Survey on Friday.

U.S. Economic Data:

* The Labor Department said that initial jobless claims, a proxy of weekly layoffs, rose by 21,000 to a seasonally adjusted 313,000 for the week ended November 22, marking the first time that first time filings for jobless benefits topped 300,000 since early in September.

Economists thought claims would fall to 288,000 for the week. The four-week moving average of claims, regarded by most as a better measure of labor trends because it flattens weekly volatility, increased from 287,750 to 294,000. Analysts say it will take more than one week of rising claims to confirm the jobs market is taking a step back.

* A 45.3% rise in military spending led to a 0.4% rise in orders for durable goods, items ranging from toasters to jet airplanes meant to last more than three years, in October, according to the Commerce Department, although other portions of the report pointed to some softness in business investment. Economists predicted durable goods orders would decline by 0.5% last month. Excluding the volatile transportation sector, durable goods orders fell by 0.9%, the largest one-month drop since last December. Stripping out defense products, orders were off by 0.4%. A measure of business spending, called “non-defense capital goods,” contracted 1.3%, equaling the decline from September. Even with some sluggishness recently, durable goods orders are still up 7.5% from October 2013 and non-defense capital goods orders are ahead 5.4%.

* The Commerce Department showed that consumer spending increased a seasonally adjusted 0.2% in October, matching the rise in personal income for the month and providing a sign that Americans are remaining cautious about personal outlays. People spent less on big ticket items, like appliances and cars (-0.2%), but more on non-durable goods (+0.2%), such a clothing and gasoline, and on services (+0.3%).

So-called “real disposable income,” which factors in taxes and inflation, only increased 0.1% from the month prior.

* The Commerce Department said that new home sales upticked 0.7% in October from September to a seasonally adjusted annual rate of 458,000. Economists were expecting a 470,000 pace. September`s estimate was downwardly revised to a 455,000 annual pace (from 467,000), while August and July figures also were revised downward, suggesting the housing market is leveling off after a run-up in 2013.

Compared to October 2013, sales of newly constructed homes are up 1.8%, but across the first 10 months of 2014, new home sales are only up 1% compared to the same period last year. The median price of a new home sold in October was $305,000, the highest level on record and big jump from $261,700 in September. At October`s sales pace, the current inventory of new homes for sale on the market would be depleted in 5.6 months.

* The Commerce Department reported that the nation`s economy grew at a 3.9% annualized pace in the third quarter following a 4.6% pace in the second quarter. Economists were calling for 3.3% expansion in Q3.

In the “advanced” estimate of Q3 GDP last month, the government said GDP expanded 3.5%. Combined, the two quarters represented the strongest six months of growth for the US since 2003. Consumer spending, which accounts for more than two-thirds of economic activity, grew at a 2.2% clip, up from the previously estimated 1.8% rate and down slightly from 2.5% growth in the second quarter. Real exports of goods and services increased 4.9% in the third quarter, compared with an increase of 11.1 percent in the second. Real imports of goods and services decreased 0.7%, in contrast to an increase of 11.3 percent.

This week, data in the States will include ISM Manufacturing Index on Monday; Initial Jobless Claims on Thursday; and the Employment Situation and International Trade on Friday.

The Month at a Glance – November It may have been a bit of a shaky end to November, but it ultimately was a solid month for the major North American indexes, save the TSX-Venture, which fell for the third straight month and fourth in the last five. The Dow and S&P 500 slowed their roll in the waning days of the month, but still printed 12 new record highs in 19 trading days. The Nasdaq is at its highest monthly close on record and now only about 340 points from its all-time intraday high hit in March 2000 at the height of the tech bubble. The TSX Composite stopped a two-month slide to gain back some ground in October, although the punishment in the last week closed the benchmark Toronto index well off its November high. The Venture has been lower on a daily basis – during the peak of the Great Recession in late 2008 – but on a monthly basis, the chart has now sunk to its lowest close since the index was establish in December 1999.

November got off on the right foot with employment reports from the month prior. In Canada, employment rose for the second consecutive month, up 43,000 in October, pushing the unemployment rate down 0.3 percentage points to 6.5%, the lowest since November 2008. Another bright spot for Canada was officials maintaining their view that the country will post its first budget surplus since the 2008 financial crisis in fiscal 2015, in spite of tax cuts and falling oil prices.

Stateside, the Labor Department showed that the US unemployment rate dropped to 5.8% in October from 5.9% in September, marking the lowest level since July 2008, as the nation would added 214,000 jobs.

Wall Street also cheered mid-term elections in Washington, DC, where Republicans took control of Congress, keeping control of the House of Representatives and winning the Senate for the first time in eight years. Wall Street appreciated the election results as Republicans are generally viewed as more friendly to businesses.

As discussed in the AllPennyStocks.com Pro re-cap, oil was a major influence on market sentiment, especially in the last week of the month as Saudi Arabia refused to cooperate with Russian requests to slow oil output and OPEC declined to cut production as an answer to growing concerns about too much supply and too little demand globally.

Earlier in the month, Saudi Arabia surprised by cutting prices for crude oil sold to the United States, a move that will put additional pressure on North American oil producers amid sinking prices. The move is largely interpreted as a direct shot at attracting buyers as North American energy production booms, rather than driven by any motivation regarding supply and demand. During November, West Texas Intermediate crude prices fell for the fifth straight month, shedding another 18.23%.

Outside of North America, the European Commission cut its growth forecast for the 18-country eurozone to only 0.8% in 2014 from a previous forecast of 1.2% in the spring. Following the latest meeting of the European Central Bank, ECB President Mario Draghi again expressed his commitment to bolster the region`s economy, hinting that monetary stimulus up to 1 trillion euros (US$1.25 trillion) could be a possibility. A big surprise came from Japan when the latest GDP report showed the nation`s economy shrinking by 1.6% on an annualized basis in the third quarter, shoving the country into a recession (defined as two consecutive quarters of GDP contraction) after a staggering 7.3% contraction in Q2.

There`s reason to be concerned about the world`s economy, but the European think tank the Organisation for Economic Co-operation and Development (OECD), sees a better future. Last week, OECD said the global economy is set to grow by 3.3% this year, 3.7% in 2015 and 3.9% in 2016. Of course, the US, as the world`s biggest economy, expanding helps matters. OECD did express concerns over the European Union, which it feels faces a real risk of deflation as growth stagnates.

Economic data in the US has been pretty strong, but it is going to stay under a microscope as to its global impact and growth possibilities with foreign countries limping along. The US market could be a bit overcooked at these record highs, but the fact that the economy is looking strong and the lack of choices in foreign markets is just keeping Wall Street chugging along heading towards 2015.

Monthly Indices Results:

* S&P TSX Composite: up 0.90% (+131.38 pts.) * TSX-Venture: down 3.60% (-27.72 pts.) * Dow Jones Industrial Average: up 2.52% (+437.72 pts.) * S&P 500: up 2.45% (+49.51 pts.) * NASDAQ: up 3.47% (+160.89 pts.) Monthly Equity Market Snapshot:(All percentages on a monthly basis unless otherwise noted) * Canadian biotech Valeant Pharmaceuticals (TSX:VRX, +11.08%) finally lost its months-long battle to acquire Botox maker Allergan Inc.

(NYSE:AGN, +12.57%). Both the boards of Allergan and Irish generic drug maker Actavis PLC (NYSE:ACT, +11.48%) approved a deal in which Actavis will buy Allergan in a friendly deal worth $66 billion, valuing shares of AGN at $219 each. The merger would create a top 10 pharmaceutical company with revenue in excess of $23 billion annually.

Billionaire activist investor Bill Ackman, whose Pershing Square Capital is the single largest Allergan shareholder, had vehemently supported the Valeant deal, but now says he supports this offer by Actavis and will withdraw his request for a special meeting of Allergan shareholders.

* After threatening to go hostile with a takeover, Halliburton Co.

(NYSE:HAL, -23.47%) came to friendly terms to acquire smaller oil-services provider rival Baker Hughes (NYSE:BHI, +7.63%) in a cash-and-stock deal valued at $34.6 billion, or $78.62 per share.

Shareholders of BHI should receive 1.12 Halliburton shares plus $19 in cash for each share they own.

* Laboratory Corp. of America Holdings (NYSE:LH, -8.02%), one of the biggest lab testing and diagnostics companies in the US, agreed to pay $105.20 per share in cash and stock to acquire contract research organization Covance Inc. (NYSE:CVD, +25.81%) in a deal valued around $6 billion.

* Many companies in the health insurance sectors were down after the Supreme Court agreed to hear a legal challenge to President Obama`s landmark healthcare reform, the Affordable Care Act. If the nation`s top court agrees with the challenge, a key part of Obamacare would be modified to limit the availability of federal health insurance subsidies to millions of people. Tenet Healthcare (NYSE:THC, -14.27%), Humana (NYSE:HUM, -0.63%) and Community Health Systems (NYSE:CYH, -14.35%) all dropped on the news.

* A combination of better-than-expected third quarter earnings and the Republicans winning the Senate initially gave a little boost to shares of TransCanada (TSX:TRP, -1.98%). The win in Washington by Republicans raised hopes that TransCanada will finally garner approval for its Keystone XL pipeline in the US. That will have to wait until 2015 as a vote to approve construction with Democrats still in control of the Senate narrowly failed this month. Also this month, New York-based activist hedge fund Sandell Asset Management sent a letter to TransCanada urging the company to overhaul its business, including considering spinning off its power business to unlock value in its stock. Meanwhile, Quebec laid out seven conditions that TransCanada`s $12-billion “Energy East” project must meet, including “social acceptability.” Energy East is expected to move 1.1 million barrels per day of crude oil from Alberta to refineries on Canada`s East Coast. Similar to Keystone XL, the pipeline is meeting some strong headwinds because of potential environmental impact.

* AT&T (NYSE:T, +1.55%) agreed to buy Mexico wireless provider Iusacell from Grupo Salinas for $2.5 billion, including debt. The merger will create a North American network consisting of more than 400 million customers.

* Cable stocks took a hit early in the week after President Barack Obama urged the Federal Communications Commission to enforce more strict regulations to ensure a “free and open Internet” or “net neutrality,” meaning that broadband service providers cannot charge websites a premium to deliver faster speeds or conversely slow down delivery to lesser paying customers. Shares of Comcast (NYSE:CMCSA, +3.05%), Time Warner Cable (NYSE:TWC, +1.93%), Charter Communications (NASDAQ:CHTR, +7.14%) and Cablevision (NYSE:CVC, +9.99%) dipped at first, but then recovered.

* The Bank of Nova Scotia (TSX:BNS, +2.14%), Canada`s third biggest lender, said it was slashing about 1,500 jobs and will take C$451 million in restructuring charges in a move to centralize and automate some operations.

* Warren Buffett`s Berkshire Hathaway (NYSE:BRK.B, +6.09%) agreed to buy Procter & Gamble`s (NYSE:PG, +3.62%) Duracell battery unit in a complicated transaction that will help cut Berkshire Hathaway`s tax bill. Instead of paying for Duracell in cash, Berkshire will give P&G $4.7 billion-worth of PG shares it owns. Procter & Gamble will pour $1.8 billion in cash into Duracell before the acquisition is closed later in 2015. Structured this way, Berkshire saves a bunch by not having to sell the shares of PG, which could be subject to more than $1 billion in capital gains taxes as PG sits at an all-time high.

* Six of the world`s biggest banks were fined a total of $4.3 billion by US and UK regulators for the lack of action to try and stop traders from attempting to rig foreign exchange rates and exchanging information to make quick profits. Banks involved in the scandal were Bank of America (NYSE:BAC, -0.70%), Citibank (NYSE:C, +0.829%), HSBC (NYSE:HSBC, -2.49%), Royal Bank of Scotland (NYSE:RBS, -0.72%), JPMorgan Chase (NYSE:JPM, -0.53%) and UBS (NYSE:OUBS, +2.82%).

* BlackBerry (TSX:BB, +0.08%) printed its highest level since June 2013 following CEO John Chen saying that the company has completed the first phase of its two-year turnaround plan and now is focused on profitability, while not spreading itself too thin by trying to launch too many new devices. The smartphone maker also struck a new partnership with Samsung (OTCQX:SSNLF, +2.86%) that will including Samsung integrating Blackberry`s BES12 encryption service to its KNOW software for additional security in an attempt to attract even more enterprise customers. On the downside, shares felt pressure after Morgan Stanley analyst James Faucette cut his rating on the smartphone maker from equal weight to underweight, citing concerns that the markets are too optimistic about BlackBerry`s ability to hit software sales targets.

Penny Stock of the Day:

The November “Penny Stock of The Day” companies continues to generate solid returns with 8 companies notching double digit gains, including 4 over 25%, since they were highlighted last month. The biggest winner for November was Walter Energy Inc. (NYSE:WLT), which was picked as it broke through resistance at $2.50 and continued to run ahead to as high as $3.60 in only a matter of days for a stellar gain of 44%. After a small consolidation, the stock is still up by 27.2%.

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————————- Forward Looking Statements This report includes forward-looking statements that reflect the mentioned companies current expectations about its future results, performance, prospects and opportunities. the mentioned companies has tried to identify these forward-looking statements by using words and phrases such as “may,” “will,” “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “we are confident” or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause the mentioned companies actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company`s growth expectations and ongoing funding requirements, and specifically, the Company`s growth prospects with scalable customers, and those outlined above. Other risks include the Company`s limited operating history, the Company`s history of operating losses, consumers` acceptance, the Company`s use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company`s securities, the possible volatility of the Company`s stock price, the concentration of ownership, and the potential fluctuation in the Company`s operating results.

Disclaimer AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable.

For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company`s expectations and estimates.

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