We also hit the COMTEX news wire on Friday!
B: New Visual Trading Heavily off Recent Lows
Ridgeland, MS, SEP 28, 2001 (EventX/Knobias.com via COMTEX) -- New Visual
Corporation (OTCBB NVEI) is trading sharply higher in the session today, on
volume 430% greater than its 20-day average daily share volume. The company last
issued news on August 27th, and last filed with the SEC on September 14th, when
quarterly results were submitted to the commission.
The stock is trading off its near term technical downside price support level of
$0.340 today, at a level higher than one of four moving averages at this time,
as calculated by Knobias technical analysis. The stock has a 30-day closing
price range of $0.340 to $1.050.
New Visual is is involved in the development of a proprietary broadband
transmission technology with the mission to utilize existing copper
telecommunications infrastructure to deliver high data content to the home at
VDSL (52 Mbps) data transfer rates. Through its New Wheel Technology, Inc.
subsidiary, the Company is developing proprietary advanced algorithms which
would allow high data rate transmission over existing copper telecommunications
infrastructure, while permitting voice communications simultaneously on the same
pair of wires Its initial development efforts are focusing on "Very High Rate
Digital Subscriber Line" (VDSL), and have demonstrated results exceeding
industry standards.
