For any of you who have traded this recent surge in ZVTK shares you just made off with a nice profit, which is something the majority of ZVTK shareholders have never been able to say. ZVTK would have to hit $100 a share from today's $.013 price for shareholders just to break even after the stocks last 3 years of decline.
I have no problem with these penny stock pumps. ZVTK is a hot stock right now and I hope people make a killing off it. But just don't be the one wondering why the stock is crumbling after the big money, that has been running this stock, has left the building.
Today's Press Release:
NEW YORK, Dec 28, 2009 (GlobeNewswire via COMTEX) -- Zevotek, Inc., (Pink Sheets:ZVTK) (Frankfurt:T5V1), a worldwide direct marketer and distributor of innovative personal and home care items, today announced that customers who ordered Ionic Bulbs on Zevotek's www.newionicbulb.com website last week have already begun receiving their Ionic Bulbs. Commenting on the announcement, Zevotek's CEO, Adam Engel, said, "We are pleased to announce a smooth launch. It was important to get off to a quick clean start and have operations running smoothly in anticipation of ramped up sales volumes I expect from airing the Ionic Bulb infomercial nationwide. Our customers so far are often choosing to buy three or four Ionic Bulbs, which is a bigger sale than our two-bulb basic offer. I see that as an early positive sign." The Ionic Bulb is designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use compact fluorescent light bulb (CFL). The Company previously announced that starting December 28, it will air its new 2-minute Ionic Bulb TV infomercial on U.S. cable channels. The Company announced that it is buying TV airtime to run the Ionic Bulb ad about 50 times between December 28, 2009 and January 3, 2010, with the ad expected to appear on FOXNews, Hallmark Movie Channel, History International, DIY Network, Planet Green, SOAPnet and New England Cable News Network. TV viewers of the Ionic Bulb infomercial can call a toll-free number to place orders for Ionic Bulbs.
About the Company:
Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb. The Company sells the Ionic Bulb through TV infomercials and the Internet and plans to market Ionic Bulbs through catalogs, magazines and major U.S. retail and specialty stores. The Company's new 2 minute Ionic Bulb TV ad is designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek's Ionic Bulb infomercial airs on the Company's www.newionicbulb.com website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of marketing the Ionic Bulb are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Zevotek, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Zevotek, Inc.
By Staff
CONTACT: CONTACT: Zevotek, Inc.
Jeff Carlson
949.375.3208
Posts
7 comments:
I've had this stock since .0037 and HOLDING IT!!!
Anyone can come out with a great product but if its not marketed properly then its useless. ZVTK is marketing it properly. Stop being a ZVTK hater. Don't be mad because you missed the boat
Kudos to you. The majority will be buying here at the top and losing money
I like ZVTK and bought in last week. I agree that its times like these that people look back a week from now and think "Damn I should have sold"
I have seen too many of these runners drop 50% or more after big runs. I locked in 50% of my profits and will look for a drop below .011 before i drop the rest.
Thanks for your outlook GURU.
Its honest opinions like these that are hard to find.
Your blog is the first i check in the morning.
I thank you for your kind words. ZVTK is a great trade but you just know the retail traders will be the one's holding this stock as it crumbles back to where it came.
It is a sad game unless you sell. Selling for a profit is one thing, but selling after a drop is tough for the retail investor. They'd much rather average down.
GURU, what is your opinion on the restrictions on HESG? I am still in it but I feel it is not going to do a major run until more people can buy. Opinion please.....
Looks like the Guru nailed this one on the head!!!!!!!!
I would like to thank you for sharing your thoughts and time into the stuff you post!!
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