Emperial Americas Surges Following Announcement of Memorandum (TEXX)

Emperial Americas (OTC: TEXX) staged a respectable rally today along with heavy volume accumulation. At the same time, the company made headlines on major news outlets with its announcement of signing a memorandum of understanding for the purchase of an equity position in Imperial Beverage Group, a Texas-based alcohol distributor.

Emperial Americas rose a whopping 25% in share price today, closing at $0.125. Volume of the stock surged to a total of 978,083 shares, compared to its average of 29,335 shares. Despite today’s respectable performance, the share price of Emperial Americas has fallen a total of 75.6% since the start of 2012. On April 23, 2012, a share of Emperial Americas was priced at $0.70, which has been the stock’s highest year-to-date price. At that point, the volume of Emperial Americas was merely 49,410 shares. Investors may be seeing bounce potential in Emperial Americas, as the stock has recently traded near its lowest share price. This could be an explanation of Emperial Americas’ volume surge and share price rally, along with today’s headlines for the company.

Several newsletters have promoted Emperial Americas. For instance, Pick Penny Stocks and Research Driven Investor have both promoted Emperial Americas, and have been compensated $30,000 each. There are 19 results found on stockpromoters.com regarding the promotion of Emperial Americas.

On Twitter, @pennystock24 reported that Stock Blaster and Research Driven Investor, among others, promoted Emperial Americas today.

Some other recent headlines for Emperial Americas include:

  • July 17, 2012: Emperial Americas disclosed its financial projections for business operations moving forward.
  • June 27, 2012: Emperial Americas announced that the Tequila Distinguido/Miss GEICO Platinum Race Boat will make its debut this weekend at the Sarasota Poker Run.

Emperial Americas, formerly AAA Public Adjusting Group, was incorporated in June of 2007. The company is engaged in facilitating insurance claims of insured parties by representation on their behalf with the insurance companies. Its wholly owned subsidiary is Florida Claims Consultants. The company is a consumer advocate, licensed by the Florida Department of Insurance as public insurance adjusters to protect consumer rights.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.