Posted by Bob Wilcox on Oct 25, 2007 in Articles | 0 comments We announced IMTD to our premium members last week. It still looks promising at these prices. Visit www.pennystockforums.net to discuss this pick and other penny stocks.
ImagiTrend, Inc. is a development-stage Company that specializes in developing and marketing pet products and consumer products. ImagiTrend currently owns interest in two companies: Eternal Gems, which has a unique process for creating durable and attractive pet memorial products; and The Hollywood Movie Machine, which has an exclusive license on technology to place individual customers in to film clips of movies, television shows, and other video footage. The Hollywood Movie Machine has also developed and licensed interactive home consumer entertainment products and software.
Outstanding Shares153,000,000 as of Aug 23, 2007 Authorized Shares490,000,000 as of Aug 23, 2007
This stock should head much higher once an acquisition is announced. Until then it trades under $.001, which considering the current share structure, is a very good price. The same holds true for IMTD as any of our other picks. Do your own DD before deciding to take a position. There is a chance this stock could fall even further before heading higher. Trading strategy for IMTD Look for an entry under $.001 and hold for acquisition news – then sell as the stock appreciates in value. This is all hypothetical of course. There is no guarantee any acquisition news will ever be released. Like any Pink Sheet stock this one is a gamble, so don’t risk more than you can afford to lose. As always we picked IMTD based on our own opinions and DD.
ImagiTrend, Inc. Enters Final Stage of Acquisition StrategyTuesday October 16, 2:49 pm ET SARASOTA, Fla., Oct. 16, 2007 (PRIME NEWSWIRE) — ImagiTrend, Inc. (Other OTC:IMTD.PK – News) is pleased to announce that the Company is in the final stages of performing its due diligence on several potential acquisition candidates. Over the last several months the Company has been targeting a number of companies in a variety of industries The overall goal of the Company is also to conduct an extensive evaluation of a number of potential partners as well. ImagiTrend has setup an acquisition strategy to acquire businesses fitting the Company’s vision for expanding into several key markets including energy conservation, medical, and specialty packaging areas. ImagiTrend previously announced the receipt of several letters of intent from well-established businesses, and is expecting to sign contracts in the near future. “We are very close to finalizing agreements with strong companies in a variety of industries. We believe we have taken the correct steps to benefit our Company as well as our shareholders,’’ stated Russell Haraburda, President and CEO of ImagiTrend, Inc. ImagiTrend, Inc. recently announced that Mr. Ted Yardley has been appointed as President of Eternal Gems, Inc., a wholly-owned subsidiary of ImagiTrend. Mr. Yardley has spent the majority of his career in the mining business as the President and CEO of Doron Explorations, Wind River Resources and Swift Minerals, which are all publicly traded companies.
ImagiTrend Clarifies Current Capital StructureFriday August 31, 11:59 am ET SARASOTA, Fla., Aug. 31, 2007 (PRIME NEWSWIRE) — ImagiTrend, Inc. (Other OTC:IMTD.PK – News) announced today that the number of authorized shares is significantly lower than what is currently being displayed on http://www.pinksheets.com/. The updated authorized share count, as of today, is 490 million shares. ImagiTrend, Inc. has also relocated the Company’s state of incorporation from Washington, D.C. to the state of Wyoming. “It has come to my attention that there was a bit of misinformation regarding the capital structure of our Company floating around. We’ve received some concerned questions from investors, some of whom believed the number of authorized shares to be as high as 1.5 billion. I want to take this opportunity to clarify that our current capital structure is 490 million authorized shares and we are currently working with pinksheets.com to correct the dated information,’’ stated Russell Haraburda, President and CEO of ImagiTrend, Inc. ImagiTrend, Inc. recently announced that the Company has appointed Mr. Rajendra Prasad as the first member of its new Advisory Board. Mr. Prasad brings a decade of financial experience in investments and debt consolidation. He currently serves as the Chief Executive Officer of Diversified Portfolio Management, Inc., a management company that provides consultation and financial services through its affiliation with various partners. The function of the new Advisory Board is to advise the Company on strategic planning and new product development. Mr. Prasad will also be assisting the Company in maximizing its profits and returns to stockholders. He will utilize his skills assisting in the strategic development of the other two companies under the ImagiTrend Inc. umbrella, which includes the Hollywood Movie Machine, Inc. and Eternal Gems.
