San Luis Obispo, CA - December 7, 2012 - OpeningBellReport.com initiates Mid-Day Alert coverage on the following stocks.
Smack Sportswear, Inc. (OTCBB: SMAK) announces today that it has closed its purchase of Team Sports Superstore, a privately-held company that has been a leader in volleyball team and beach apparel. Their premier brand is the Smack Sportswear, which is worn by the top pros, teams, and fans throughout the volleyball community. SMAK has traded strong in morning activity, up 24% on twice the 3 month average volume.
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Medbox, Inc. (OTC: MDBX) Announced the formation of an internal committee to pursue and evaluate strategic acquisitions. The committee is charged with identifying companies that provide synergies and logical product extensions in the industries Medbox serves. Utilizing its strong stock price, which has recently settled into the $20 range and boasting a market capitalization of over $245 million, the company is actively pursuing select strategic acquisitions of 50% or more ownership of entities in the following market segments: Pharmaceutical packaging, Security and control, Mag-stripe card manufacturers, and Medical cannabis lab testing. MDBX has traded strong in morning activity, up 23% on six times the 3 month average volume.
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