Top Promoted Penny Stocks: ETEK, FITX, AMPG
Yesterday US stock indexes went through another consecutive green session, scoring modest gains but still enough to launch the indexes to new historic highs. The propellers of the increase were the good retail growth data and several 10-Q reports, especially the report published by Citigroup.
The OTCM ADR Index copied the bullish mode of the major benchmark indexes and registered an increase of 0.51% at 1,412.56. Today, by the looks of it, the OTC Markets will go through another intriguing session, as penny stock promoters have issued several very expensive promotions:
Eco-Tek Group, Inc. (ETEK) – Today, ETEK boasts with the highest paid market awareness campaign which has involved a whole host of promoters. The third parties that stand behind the curtains of this promotion are Galaxy LLC, Cambridge Consulting Group, Mic Innovations, and Lake Group Media.
Online promotional databases show that the amount of money invested in the promotion for today sums up to $126 thousand, while yesterday one of the promoters disclosed he managed a total production budget of $450,000 as regards the online advertising effort on ETEK.
In fact, the large scale promotion of the company was initiated yesterday just before the market open, and eventually managed to create a significant trading interest towards the stock. As a result ETEK finished the last trading session 37% higher at $0.37 per share on a volume of 1.2 million, which exceeded thirty times the monthly average.
Yesterday, besides the support from the promotion ETEK was also bolstered by a press release which announced that the company had signed an exclusive agreement with Peru based distributor Prieto Topo Grafia for the exclusive distribution of the Eco-Tec Group Inc. oil filtration system and lubricant products in Peru.
Today, another announcement leaked out of the company informing that the Eco-Tek 4-in-1 Fuel Treatment for gasoline had been certified by the US Environmental Protection Agency. However, it is not certain how the new press release and promotion will affect the stock as the company has already reached a market cap of $93 million and it is a very rare event that a promotion of a company with a market valuation of this caliber works out well.
ETEK is a company which specializes in the development and marketing of innovative and cost effective green lubrication and filtration products. The company is publicly traded on the OTCQB exchange where it holds a 52-week range of 0.95-0.15.
Creative Edge Nutrition, Inc. (FITX) – FITX has been struggling with an unbending selling pressure since it went through a devastating promotional campaign on June 27th. Since that day the stock has fallen from $0.005 to a 52-week low of $0.0013 per share and is already feeling the gravity of the triple zeroes realm.
It is at this sensitive point that the company has received its new promotional coverage which has involved more than twenty newsletters issued since the last closing bell. According to online promotional databases, the total amount of money invested in the campaign has reached $70,500.
The third parties involved in this campaign are The Stock Mister, Equity Group LLC, and Micro-Cap Consultants. The company hasn’t issued any press releases this morning to aid the market awareness campaign. The most recent corporate update by FITX was published two weeks ago on June 5th, when the company announced two new products that were to be introduced into the medical marijuana field via Hemp Nutra Tea and Hemp Nutra Coffee Additive.
FITX is a company focused on sports nutrition which is traded on the OTC QB exchange. After so much devaluation in the last couple of weeks the company is now valued at $3 million and has a 52-week range of 0.045 – 0.0013.
Amplitech Group Inc. (AMPG) – AMPG has received a promotion which ranks among the highest paid campaigns for today. According to online promotional databases, AMPG has been promoted by thirteen promoters who had been compensated a total of $57,000. The third parties which have ordered the campaign are Equities Awareness Group, Investor News Source, and ODD Marketing LLC.
AMPG still doesn’t have any history of recent press releases, so it is not surprising to see that the company’s stock barely generates any trading interest on the open market. Even the previous promotion of AMPG was not able to attract investors.
AMPG is a company which develops and manufactures custom and standard RF components for the International Commercial, SATCOM, Space, and Military markets. According to Google Finance AMPG is currently valued at $10 million and has a 52-week range of 0.05-.050.