Great Wall Builders (fka GWBU)

[novache]

New article for GWBU:

Shares of Great Wall Builders Ltd. (GWBU) Rose in Friday’s Trading after Thursday’s Huge Sell-off
Monday, June 25th, 2012 | Filed under Stocks,Technology | Posted by Adam Garcia
Shares of Great Wall Builders Ltd. (OTC: GWBU), owner of exclusive manufacturing and distribution rights to Start FEED technology, rose sharply in Friday’s trading session.
The penny stock of GWBU rose 10.53% to finish the day at $0.608, with volume up from daily average of 10.97 million to 15.15 million. Despite the gains, GWBU is down more than 60% in the last three trading sessions.
The sharp decline in GWBU shares is mainly due to a huge sell-off on Thursday. GWBU shares tumbled 60.92% in Thursday’s trading session.
Great Wall Builders shares have been under pressure despite some positive developments related to the company’s patent-pending Start FEED technology.
GWBU, which operates as Start Technologies Europe s.r.o., last Friday, announced that its exclusive European distributor for the technology, NESS Tech GmbH, appointed TE.SIS. d.o.o. as its agent for the Slovenian market.
NESS Tech and TE.SIS d.o.o. signed a five year distribution contract under which TE.SIS d.o.o. is required to make a minimum wholesale purchase of 750,000 euros in Start FEED units in the first 12 months. TE.SIS d.o.o. is required, under the terms of the contract, to increase the minimum purchased by 10% per annum in the following years.
NESS Tech also announced the signing of a similar distribution contract for the Romanian market last week.
NESS Tech appointed Cogdev R.C. and RSI Electro SRL as its agent for the Romanian market. Under the terms of the five-year distribution contract, Cogedev R.C. and RSI Electro SRL are required to make a minimum wholesale purchase of 700,000 euros in Start FEED units in the first 12 months. The minimum purchase has to be increased by 10% per annum in the following years.
Great Wall Builders has been making strong progress in Europe through its exclusive distributor. GWBU is now turning its focus to the U.S. market. Last week, the company said that it plans to launch the Start FEED technology in the American marketplace to help the diesel trucking industry achieve the new standards forthcoming under the Clean Air Act.
GWBU CEO Daniele Brazzi said that GWBU believes its Start FEED units can help play an important role in helping American diesel trucks and buses meet the newly announced EPA Clean Air Act on reducing particulate matter standards. Brazzi said that the economic implications for a cost-effective, emission-reduction technology will be crucial to U.S. economy, its recovery and subsequent future growth.
• This newsletter has been helping traders make a killing on GWBU. Click here for a 25% discount offer.
• See today’s top stock picks and market analysis
• Need fast service and cheap rates from a broker? Buy stock online at my favorite brokerage
• Want more? Check out the message board buzz for GWBU
• See what newsletters are recommending this stock pick
• Get breaking news alerts on these stocks: http://thestockmarketwatch.com/