Penny Stock News: EMRISE Announces First Quarter 2011 Financial Results

Listed in Penny Stocks, Stock Picks, StockGuru.com, Day Trading, Best Stocks

DURHAM, N.C., May 16, 2011 /PRNewswire/ — EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced its financial results for its first quarter ended March 31, 2011.

EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said, “We recorded a solid year-over-year increase in sales in this year’s first quarter, which resulted in overall net sales for the quarter that were consistent with our earlier estimates.  I am also pleased to report that even though the first quarter of each year is typically the Company’s slowest sales quarter, we are on plan and believe we are well positioned to achieve our goals for the year.   As a result, I am able to reconfirm our previous guidance that we expect revenue for 2011 will be between $33 million and $35 million.

Penny Stocks are stocks traded for under $2 and they represent the small cap companies. They trade on the OTCBB so you will not find them on the major stock exchanges. They are very cheap stocks and normally come for businesses needing capital. They are a very risky investment as the business can go under and leave you with a stock worth nothing. However that being said penny stock trading can be a great money maker, and there are numerous traders who make 6 figures and more from them each year.

The best reasons to trade in penny stocks are the fact that they do not require a large initial investment, meaning that they are an affordable investment for many. Penny stocks are cheap. For example if you were to buy 1000 shares in a company with shares at 10 cents, you would only require an investment of $100, whereas if the shares cost $5 you would require an investment of $5000. Penny stocks also have the potential of huge gains, and have been known to rise as much as 1000% daily. Therefore your $100 investment can be worth $1000. This is very unlikely to happen to other stocks from large cap businesses.

 

Article source: http://www.prnewswire.com/news-releases/emrise-announces-first-quarter-2011-financial-results-121883968.html

Left Menu Icon
Right Menu Icon