Boston, MA 04/02/2014 (wallstreetpr) – Market penetration is very vital for Alkaline Water Company Inc (OTCBB:WTER) and the management is wasting no opportunity to get their products to more markets. On that note, the company recently announced a tie-up with Associated Food Stores to help in the distribution of its Alkaline88 line of products to western markets. Being a cooperatively-owned distributor to more than 500 independent supermarkets, Associated Food Stores offers the leverage to market penetration that WTER needs at this time of heightened market competition. According to WTER CEO Steven Nickolas, working in the cooperative sectors is just the very kind of effort that Alkaline Water Company Inc (OTCBB:WTER) has been modeling for its future. And Associated Food team brings it to the long-held dream. Shares jumped almost 11 percent Tuesday.
Audioeye Inc (OTCMKTS:AEYE) provides automated publishing solutions alongside audio browsing and a host of other Internet technologies for website owners who want more. The company released its full year 2013 and fourth quarter financial results Tuesday. Revenue in 2013 full-year jumped 452 percent to $1.5 million, which compared with $0.28 million in 2012. Now the company projects to touch more than $8 million in revenue in 2014. Sequentially, revenue in the fourth quarter jumped 97 percent over the third quarter revenue which also jumped 91 percent of that of the second quarter. The strength in the company is not just limited to the strong revenue growth, but gross margin has also been growing significantly over the past few quarters. Coming in at 66 percent in the third quarter, gross margin jumped to 76 percent in the fourth quarter and the full-year witnessed 74 percent of sales in gross margin. The changing dynamics in the Internet world where users want effective and less sophisticated ways to browse is likely to result in more revenue for Audioeye Inc (OTCMKTS:AEYE).
IntelGenx Technologies Corp. (OTCMKTS:IGXT) is a provider of drug delivery products, mainly focused on orally administered treatments. The ongoing healthcare insurance talks and the sector that is generally poised for big spending this year, have come to the support of the stock as investors bank on improved revenue. Shares of the company jumped more than 16 percent in the last session.