Zevotek, Inc. (OTC:ZVTK, ZVTK message board) announced to have acquired a new technology, which sent its stock flying up 125% in two days.
On the breakout that has already crippled two robust resistances at $0.005 and $0.01, the stock is looking for further gains as trading volume remains strong and no signs of possible retracement were given by the end of the day. Volume popped up over nine times above the 50-day average, providing strong support for the rally and making it easy for new traders to jump into the action.
Zevotek announced on Friday that it has acquired a technology that allows reducing water use by up to 70% in the average American family home. The device concentrates on limiting the water flow in toilets. Zevotek acquired the technology from Metaproject, LLC. under undisclosed terms.
Further news release presented ZVTK's ionic light bulb in 2010 Hollywood Style Awards ceremony in Los Angeles on December 12, 2010. The CEO of Zevotek Rob Babkie assured that "the Los Angeles is at the forefront of the green movement", thus the event provided a good advertising opportunity. |
