Boston, MA 03/18/2014 (wallstreetpr) – Invisa Inc (OTCMKTS:INSA) which was last seen trending up more than 8.70 percent at 11:30 am EDT, has announced a non-binding intent to acquire Uniroyal According to the letter declaring intent of acquisition, Invisa will assume ownership of all outstanding stock of Uniroyal Engineering Products as well as those of Wardle Storeys Limited. The acquisition will be done in such a manner that newly issued Invisa non-convertible stock will go to the targeted companies. Yet, the outstanding common stock shares of Invisa will not be altered. Invisa CEO Edmund C. King, the move to acquire Uniroyal provides a significant step towards the transformation of the company. Thus the Invisa Inc (OTCMKTS:INSA) hopes to transform into a sustainable profit company by bringing the robust operating businesses under its superior management. Being the announcement makes mention of non-binding acquisition intent, it means that terms of the deal can be modified in the course of pursuing the deal.
China Recycling Energy Corp. (NASDAQ:CREG) shares surged to a new one-year high Monday, as another U.S. company involved in converting liquid wastes into hydrogen fuel also rose. The gain on the part of CREG and Magnes Gas signaled a bullish rally for waste recycling stock. However, CREG is in falling out in the current session. TheStreet considers a stock a “hold” citing opportunities and weaknesses which almost cancel each other. The strength of the stock can be seen in its solid stock performance, robust revenue growth and compelling valuation. Yet, strengths are offset by generally weak cash position which in essence means China Recycling Energy Corp. (NASDAQ:CREG) is at risk of short-term cash troubles.
SigmaTron International (NASDAQ:SGMA) remains in an excited atmosphere since the company announced encouraging third quarter results. Although the results were positive, the CEO Gary Fairhead observed that the company still has its best moments ahead. Thus, that optimism has been the power behind the stock as investor buy into the promised strong earnings. SigmaTron International (NASDAQ:SGMA) is a provider of printed circuits and other electronic solutions.
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