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Micro-Cap in Focus; Omni Ventures Inc. (OMVE)

By Warren Paige

Omni Ventures Inc. (PINK: OMVE), a manufacturer, seller and marketer of products in denim and other apparel using retail and wholesale channels, this week, secured $1.5 million financing commitment for development of its PRVCY Casual Couture collection of apparel and accessories.

OMVE received the financing commitment from one of its shareholders. The company expects the financing commitment to provide it with better opportunity to timely complete the creation and fabrication of samples of a number of new sku’s.

Christian Wicks, President of Omni Ventures, noted that the financing will not affect the number of issued shares and will not cause any dilution of the current and future shareholders. Wicks said that OMVE is determined to use the funds in the development of its new product line, engage more marketing support and look into augmenting the management team with new personnel.

OMVE shares are down sharply today. At last check, the stock was trading 10.20% lower at $0.220 on above average volume of 1.60 million.

June 1st, 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.