Stocks Of Interest Wednesday March 26th - ECCI, MLXO

MLXO looks to be finally righting the ship. We made MLXO our forum pick a few weeks ago and the stock has yet to appreciate in value. But that could all change tomorrow. The company looks is set to become Source Bio-Plastics according to this:

Michelex Plastics Corp., after an extended period of uncertainty and reorganization, is to be integrated into a joint venture to create Source Bio-Plastics.WWNY-TV in New Yory and NorthCountyNow.com:175 New Jobs Heading to Messena Plastics PlantAt least 175 new jobs are heading to Massena over the next three years.Source Bio-Plastics Inc., which manufactures biodegradable plastics, will join forces with Michelex Plastics in Massena in a $5.7 million facility.According to Source Bio-Plastics President and Chief Executive Officer Rob Rood, the company plans to to acquire the Michelex plant and expand the operation in the industrial park in Massena.He said Source Bio-Plastics intends to hire a minimum of 175 people.“I fully expect to rise about that number 175,” said Rood.Michelex already manufactures a number of items, including jeweled CD cases. Rood said Source Bio-Plastics planned to continue making those cases and other products made by Michelex.He said the company would possibly expand into the manufacture of biodegradable water bottles and DVD packaging.Rood said Source Bio-Plastics chose Massena because of the economic development incentives offered by the state and local governments.He also said the company was attracted by the low cost power and the quality of the workforce.Rood said he expected to receive many job applications from General Motors workers who will lose their jobs when the Massena Powertrain plant closes this year.Source Bio-Plastics is a subsidiary of Kore Holdings, an alternative energy company based in Maryland.http://www.wwnytv.net/index.php/2008...lastics-plant/****Watertown Daily Times:Manufacturing company plans 175 jobs in MassenaMASSENA – A manufacturing company is taking over the Michelex Plastics production operation here in a $5.7 million deal that will create at least 175 jobs.The joint venture, to be called Source Bio-Plastics, is seeking some $4.5 million in economic incentives being put together through the state, St. Lawrence County and locally.The new company initially will use nano-particle technology to produce CD jewel cases, DVD boxes and cassette cases of biodegradable plastic.

Look for some accumulation of MLXO shares before this news comes out and is made official. MLXO could head back to levels it had seen before meaning $.01+. Certainly a stock to keep a close eye on the next few weeks.

ECCI looks poised for a run. Volume has increased the last few days. Look for the price to follow tomorrow and toward weeks end.

Have a green Wednesday and be sure to stop by our sites:

http://www.pennystockforums.net
http://www.pennystockforum.net