HMIT - Starting It's Next Leg Higher

Some readers may have noticed my KATX chart earlier this week. I had crafted it several months ago and noted that KATX was in its third leg higher. It took a while but KATX finally has moved higher. HMIT in comparison, is just starting its second leg higher.The best thing about this second leg is that it is taking less volume than the first. This means investors are holding onto shares in anticipation of the next big move. Besides the obvious positives emitted from a technical perspective, this stock is under new management, one that should add more value. I expect this will be reflected in the share price going forward.

The first target in leg 2 is $.0025. Below is some recent HMIT press:

Verde Media Group Inc. (formerly Hidalgo Mining International Inc.) Announces Launch of New Corporate Website
LOS ANGELES, Apr 21, 2010 (BUSINESS WIRE) -- Verde Media Group Inc. (OTCPK: HMIT), announced today that the company has launched its new corporate website. The link to the website is www.verdemediagroup.com.

William Veve, President of Verde Media Group Inc. stated, "I am very excited to release our new website to the public. The site encompasses the energy and vision of Verde. I encourage everyone to check in on the site as we update new information and new business actions. The next few months will be an exciting time for our company as we move forward on our projects"

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect the Company's future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of the Company to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. The Company undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in the Company's expectations.

SOURCE: Verde Media Group Inc.

CONTACT:         

Verde Media Group William Veve, 310-954-9160 williamveve@gmail.com

Copyright Business Wire 2010

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