this is why the action hit. This is our second pick in two days! The company is Arete Industries, Inc. (OTCBB-AREE). Don't confuse it with yesterday's pick, the ticker symbols are close. This could be huge. We have been watching the stock for days and have been observing serious accumulation. Our short term target is the .10 to .20 area. A breakout over .04 will confirm what we are seeing.
AREE recently announced the immediate launch of its subsidiary, Global Direct Marketing Services Inc., as a full service print, mail and Web-based direct marketing services business through its national distribution network of licensees and franchisees.
The company also recently announced that it has successfully completed a smooth transition into a new full scale commercial printing and direct mail facility. As a feature of its direct marketing business, Global will sell print and mail services for the new print facility. In addition to ending operating losses, these actions are intended to generate substantial growth in revenues from its combined print and electronic media marketing service capabilities.
Arete Industries, through its subsidiaries, offers a full range of value-added direct mail and direct marketing support services. This business currently has annualized operating revenues of approximately $1.3 million. Also, through its subsidiary, Aggression Sports Inc. the company designs and markets state-of-the-art and leading edge products for the outdoor adventurist and extreme sports enthusiast.
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