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Zoom Technologies Announces Datang Capital Management Investing $1.5 Million on R&D
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By plee on OTC Stocks News | Monday July 12, 2010 02:37 pm
The last value at which Zoom Technologies Inc (NASDAQ:ZOOM) stock traded is 4.800, up by 0.090 or 1.91 trading on a volume of 39,718. The stock opened at 4.840. The daily high stood at 4.990 and the low lies at 4.740. Zoom Technologies Inc is a company from China that manufactures mobile phones and other electronic products and mobile devices. It has been announced by the company that Nollec Wireless, the subsidiary of ZOOM has signed up a non-binding memorandum involving an understanding with Datang Capital Management (Beijing) Company, Ltd. ("Datang Capital"). The memorandum also declares that Datang Capital will be investing Rmb 10 million which comes down to US$1.5 million (approx) into Nollec Wireless. The average volume lies at 45,500. The 52-week high lies at 14.200 and the 52-week low lies at 1.260.ABOUT theOTCmarket.com:
TheOTCMarket.com
(THEOTCM) is an investor-oriented resource centre offering relevant news and
information vital to investors (individuals and firms) in the financial
sector. It provides independent, unbiased and a comprehensive overview of
any new development and trends in the investor and financial market. We also
provide in-depth analysis, research, insights and similar resources online.
TheOTCmarket.com
offers Stock Newsletter on various hot stocks of the day.
We also offer a news alert service on twitter by following our twits at
http://twitter.com/theOTCmarket
We publish daily news in the form of our Market Snapshot and also provide
daily Hot Stocks for its visitors. Additional attractions for investors and
financial institutions are offered in the form of stock alerts, newsletters
and other forms of subscribed information.
You can become leader in stock market by keeping track of the daily
activity.
Disclaimer:
THEOTCM
electronically disseminates information (the "Information") on its websites,
in newsletters, featured reports, spam compliant double-opt in email
communications or otherwise pertaining to Featured Stocks' (the "Issuer" or
"Issuers" or "Featured Stock" or "Featured Stocks"), the securities of which
are most frequently common stock shares quoted on the Over the Counter
Bulletin Board ("OTCBB") or Pink Sheets. The Information is based on
publicly available information, such as quarterly (with unaudited financial
statements) and annual reports (with audited financial statements) filed
with the Securities and Exchange Commission ("SEC"), quarterly and annual
unaudited financial reports and Information and Disclosure Statements filed
with the Pink Sheets, the Issuer's website and information obtained through
search engines such as Yahoo Finance, Market Watch, PRnewswire, StockHouse,
StockWatch, OTCmarket and Business Wire. We synthesize the Information from
these informational sources for our Readers as a starting point for further
inquiry into the Issuer and its securities.
THEOTCM is not a registered investment advisor or registered securities
broker dealer and the Information should not be construed in any manner,
shape or form as investment advice, investment recommendations or opinions
or viewpoints regarding the Profiled Company or its securities or as a
solicitation to offer, purchase or sell the Profiled Company's securities.
THEOTCM does not endorse, independently verify or assert the truthfulness,
completeness, accuracy or reliability of the Information and conducts no due
diligence whatsoever of the Profiled Companies. Because the Information is
presented on an "as is" basis, your use of the Information is at your own
risk. THEOTCM disclaims, expressly and impliedly, all warranties of any
kind, including those of merchantability and fitness for a particular
purpose or whether the Information is accurate or reliable or free of
errors. The Reader hereby indemnifies THEOTCM from any liability for any
claimed direct, indirect, incidental, punitive, or consequential damages
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