Protocall Technologies Inc (OTCMKTS:PCLI) Stock Rockets After The Acquisition News
Protocall Technologies Inc (OTCMKTS:PCLI) stock ended sharply higher in the previous trading session after announcing the completion of the acquisition.
Market Stats
On Friday, PCLI stock moved up 47.06% at $0.0050 with more than 144.25 million shares, compared to its average volume of 8.30 million shares. The stock has moved within a range of $0.0034 – 0.0058 after opening the trade at $0.0034.
Completes Acquisition of JR Development LLC
Company engaged in developing and commercialising electronic sell-through platform enabling retailers on producing DVD movie, consumer software and video game products, Protocall Technologies Inc (OTCMKTS:PCLI) has done the acquisition of 100% of JR Development LLC, an Idaho real estate development company.
The company is now a wholly-owned subsidiary of PCLI and JR Development LLC owns 27.38% interest in North Allen Avenue LLC. PCLI now owns 100% of North Allen Avenue interest in 35 residential building lots, which are in the development stage in Fruitland, Idaho.
CEO Paul Knudson said that PCLI is ensuring the creation of a vertically integrated real estate company and the acquisition of JR Development LLC will place PCLI in a profitable position to take value from the residential and commercial land developments.
Offering TitleMatch DVD On-Demand providing an inventory of digital media products, Protocall Technologies harnesses solutions for providing outsourced fulfillment services to Web retailers. This ensures that digital media product orders are routed electronically to the firm’s on-demand production as well as shipment to its retailer’s customer. Founded in 1992 and located in Panama City Beach, Florida, Protocall Technologies is now also trading in the Pink Open Market. The key purpose of Protocall Technologies’ offering is to eliminate the cost of physical inventories.
Key Quote
CEO Paul Knudson stated, “PCLI is creating a vertically integrated real estate company. With the acquisition of JR Development LLC, PCLI is positioned to profit from the change of value created by its residential and commercial land developments.”
Traders Corner
PCLI stock is trading above the 20-Day and 50-Day Moving averages of $0.0044 and $0.0049 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0037. The stock is down 16% in the past 3-month.
