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Article Excerpt
M2 PRESSWIRE-30 March 2007-Stockguru.com: While Armor Electric, Inc. Restructure Terms And Conditions, Others Announce New Program, Complete Purchase, and Release Results(C)1994-2007 M2 COMMUNICATIONS LTD
RDATE:30032007
Dallas, Texas - StockGuru Pre-Market Updates for Friday include Keystone Consolidated Industries, Inc. (OTCBB KYCN), Global Telecom & Technology, Inc. (OTCBB GTLT), Petrol Oil and Gas, Inc. (OTCBB POIG), ComLink Communications Company (OTCBB USSU), Legend International Holdings, Inc (OTCBB LGDI), and Armor Electric, Inc. (OTCBB ARME). StockGuru Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.
If you would like to feature your publicly traded company in our alerts or on StockGuru.com, email feature@stockguru.com or call (469)252-3031.
Armor Electric, Inc. (OTCBB ARME) Thursday's market went up 25.00% to $0.0750 per share, with a total of 245,864 shares traded. The company is pleased to announce that the company has successfully restructured the terms and conditions of the previously announced agreement with their Electric Propulsion Systems (EPS) partner for the continuing development and manufacturing of several distinct electric powered vehicles. Crucially, the agreement provides Armor with unencumbered rights for the national and international sales of these commercially ready vehicle lines. The agreement also establishes a shared strategic vision for the cooperative development, sales and manufacturing of future innovative electric powered vehicles. Included in the agreement is the electric powered pedi-cab, which Armor and its EPS partner have developed into a commercially viable vehicle over the past year. Armor and its strategic partner will jointly own the previously announced contract concerning pedi-cab sales to the BIMO GROUP of Mexico City. Armor intends to update shareholders soon about the progress made in Mexico City and other areas of Mexico.
Armor Electric, Inc. engages in the development and marketing of electronic propulsion and battery power systems for electric powered vehicles. The company primarily focuses on the development of the marketing rights owned by its subsidiary, Nova Electric Systems, Inc. Nova Electric Systems, through an agreement with NuAge Electric, Inc., holds the rights for the use of certain proprietary technology to install electric propulsion systems on various electric powered vehicles, including mountain bikes, regular cycles, children's cycle toys and riding vehicles, recreation ATV units, scooters, motorcycles, go-karts, neighborhood electric vehicle cars, race...
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