It is highly possible that investors will not see a $1 per share price on Li-Ion Motors (OTCBB:LMCO) once the production of INIZIO is in full swing. Before INIZIO was prototyped, Tesla Roadster (NASDAQ:TSLA) was the only electric sports car on the market with a base price of $109,000. It has produced approximately 1,500 of these electric vehicles that just don’t measure up to the performance and elegance that Lion Motors (LMCO) offers. With 0 to 60 MPH in just 3.4 seconds and top speed of 170 mph with a 250 miles range per electric charge, Tesla barely comes close with its performance.
If you are still not convinced, please read this next CNBC article by clicking the link below.
On September 16th, 2010 Li-Ion Motors (LMCO) has won the Progressive Automotive X Prize in 2010 for its WAVE II prototype, which came with a $2.5 million (USD) award at a Washington D.C. showcasing ceremony on September of 2010. During the X Prize competition, the WAVE II, whose electric motor is powered by lithium-ion batteries governed by a proprietary Battery Management System (BMS) was certified by the Argonne National Laboratory at 202.5 MPGe (miles per gallon equivalent).
United American Corp (OTCBB:UAMA) has gained 29.41% or $0.005 to settle at $0.02 with a volume of 5.3 million shares and a relative strength index of 80.31 that is considered an overbought territory.
United American Corporation, through American United Corporation (AUC) is engaged in providing voice over Internet protocol (VoIP) solutions. The wholly owned subsidiary of the Company is 3894517 Canada Inc. In May 2006, the Company terminated the CaribbeanONE network. In October 2006, the Company entered into an agreement with the government-operated telecommunications provider in Mali to assist it in identifying the origination point of calls utilizing its voice channels. In November 2006, the Company constructed a VoIP gateway in Cameroon, Africa.
Motors Liquidation (PINK:MTLQQ) has lost 9.98% or $0.006 to settle at $0.05 to with a volume of 12.5 million shares. The stock has been trading below its 50 day moving average of $0.082 and its 200 day moving average of $0.279 with a relative strength index of 29.27, which is considered to be in an oversold territory.
Motors Liquidation Company (old GM), formerly known as General Motors Corp., filed for bankruptcy on June 1, 2009. On July 5, 2009, an order was entered approving the sale of substantially all of Motors Liquidation Company's assets to a new and independent company, General Motors Company (new GM), under Section 363 of the Bankruptcy Code on June 5, 2009. The sale closed on July 10, 2009.
MedClean Technologies, Inc. (OTCBB:MCLN) has gained 17.5% or $0.0007 to settle at $0.0047 with a volume of 12.4 million traded shares. The stock is trading above its 50 day moving average of $0.0037, but is trading far below its 200 day moving average of $0.0081 with a relative strength index of 58.98.
MedClean Technologies, Inc. (MTI), formerly Aduromed Industries, Inc., is in the business of providing solutions for managing medical waste on site including designing, selling, installing and servicing on site (in-situ) turnkey systems to treat regulated medical waste. The Company provides these systems to hospitals and other medical facilities as efficient, safe, cost effective and legally compliant solutions to incineration, off site hauling of untreated waste and other alternative treatment technologies and methodologies.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Li-Ion Motors Takes the Stage in the New Generation of Electrical Vehicles: LMCO, TSLA, UAMA, MTLQQ, MCLN