NEW YORK, January 29, 2013 – USA Graphite Inc (OTCQB: USGT) moved down 2.65% to $0.55 on a traded volume of 68k shares. Earlier, the Company announced that it has already signed a letter of intent to acquire the Ruby Mountains Graphite Property, which has potential for high value flake graphite. The financial terms of the transaction consist of approximately $3,200,000 in cash and stock and a $500,000 work program commitment. USA Graphite Inc is a development-stage company. The Company is focusing its business on acquiring or merging with one or more operating businesses.
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W2 Energy Inc (OTCPINK: WTWO) augmented 10% to $0.0011 on a traded volume of 6.10 million shares. The Company has appointed Dr. Wan Hasni PhD as Chief Financial Officer.
The Company provided a report on 2012's progress and looking forward into 2013. The Company finished the acquisition of our biodiesel processor in 2012. During the year, the Company implemented coal water slurry processor and presently producing test quantities. The Company has generated several new strategic alliances throughout the world which are generating new sales leads on a daily basis for 2013. 2013 will also see new appointments in senior management roles.
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NanoTech Entertainment Inc (OTCPINK: NTEK) climbed up 7.46% to $0.026 on a traded volume of 3.84 million shares. The Company has completed the first phase of a plan to buy back shares of its common stock. The program identified two stages, whereby a total 75 million shares would be acquired in phase one and 120 million shares would be acquired in phase two.
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Pulse Beverage Corp (OTCQB: PLSB) increased 1.25% to $0.810. The Company announced that it has a nationwide and international distribution system of over 90 distributors servicing 44 US states, Canada, Panama, Bermuda and Mexico with 4 international distributors pending.
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Southridge Enterprises Inc (OTC: SRGE) jumped up 17.65% to $0.0020 on a traded volume of 1.91 million shares. The Company’s subsidiary, Southridge Minerals has issued a corporate update for shareholders of the Company to address questions arising from a recently announced joint partnership with respect to Cinco Minas. Southridge would like to inform shareholders that the joint partnership is no longer valid and the Company is pursuing other joint partnership opportunities at this time. Southridge Minerals focuses on the acquisition, exploration, and development of gold and silver mines in Mexico.
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