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Micro-Cap in News; Solar Energy Initiatives Inc. (SNRY)

By Warren Paige

Solar Energy Initiatives Inc. (OTC: SNRY), today, announced that it initiated plans for the integration of its recent acquisition.

SNRY, which is in the process of changing its business model from the solar industry to the Internet market industry, said that its new division will offer businesses everything they need to promote their products and services on the Internet.

The new division will provide a range of digital products and services, including mobile and web-to-mobile content solutions, permission-based e-mail solutions, data enhancement and online lead generation.

With spending on digital advertising expected to see strong growth, SNRY is entering the industry at the perfect time. According to eMarketer, online ad spending will reach $52.8 billion by 2014.

David Fann, CEO of Solar Energy Initiatives, said that SNRY is excited to be moving forward on the acquisition target and moving into the growing industry.

SNRY shares are up sharply in trading today. At last check, the stock was trading 9.27% higher at $0.0165 on volume of 233,400.

 

June 14th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.