In this report: Allezoe Medical Holdings (ALZM:OB), Cono Italiano (CNOZ:OB) and Global Technologies (GTGP:OB).
Allezoe Medical Holdings (ALZM:OB) soared to 6 cents per share today before settling at its current price of 4 cents per share, a 5.94 percent gain so far The company yesterday announced that it has completed an exclusive licensing deal for HPV diagnostic technology. The exclusive license for the “see and treat” diagnostic technology for Human papillomavirus was signed by SureScreen Medical, a wholly owned subsidiary of Allezoe from AVM Corp. who purchased it from its developer Aequorea Vision Medical. The license will allow SureScreen to develop and markets products worldwide using the technology in return for a fixed royalty to AVM.
Cono Italiano (CNOZ:OB) is trading over 37 percent higher today after the company announced that it has started initial production for its frozen foods line. The company announced the completion of their USDA facility along with the initial production for one of their frozen food products which will be launched next month. The company’s CEO Mitchell Brown stated “We have worked diligently to establish a state of the art USDA Regulated facility and develop unique one of a kind frozen food products” and that “These are exciting times for Cono Italiano Inc., their manufacturing partners Interstate Caterers and their share holders; we have all been patiently waiting for this day to come and can now look forward to a successful 2012 and beyond.”
Global Technologies (GTGP:OB) shares sunk by more than 14 percent today after the company clarified its issuance of dividends. The company stated that it will issue e the dividend on a share for share basis to all the shareholders of record as of close of business on December 24, 2011. For each share of Global held as of the record date, shareholders will receive one share of Global Technology Holdings, Inc., a company that was formed specifically for the purpose of acquisitions. The dividend will be issued to those shareholders that have purchased by the close of business on the 23rd will be counted for the dividend.
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