THE STOCK WIZARDS FOCUS LISTS INCLUDES: (OTC: ATVI) Avitar, Inc. (OTC: BEHL) Biocentric Energy Holdings, Inc. (OTC: GOIG) GoIP Global, Inc. (OTCBB:SNSR ) Sanswire Corp. (OTCBB: VIDA ) Vidaroo Corp
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(OTC: AVTI — Avitar, Inc.)
CURRENT NEWS!!
Avitar, Inc. Enters JV Agreement With Johnnie’s Famous Shoes
CALGARY, AB, Jun 29, 2010 – Avitar, Inc. (PINKSHEETS: AVTI) announced that it has entered a Joint Venture Agreement with Johnnie’s Famous Shoes, Inc. (“Johnnie’s”) of New York for the purpose of financing, producing and distributing its summer run of high end, luxury, Men’s footwear.
Johnnie’s has brought back some of the famous top end designs from the 1980s that are coming back into style, and has established sales channels through some of the top retailers in the United States.
Avitar, Inc. has agreed to finance the summer run of production as well as to be involved in the management of this project. Avitar is to get first moneys out of the project as well as a share of the profits. If this project is successful, Avitar can fund future production runs as Johnnie’s may require.
About Avitar, Inc.:
Avitar, Inc. is a publicly traded holding company now focusing on investing in and building a network of joint venture interests, or, as the situation may require, operating subsidiaries. These joint ventures or subsidiaries are or will be engaged in various innovative businesses. Currently the company’s joint venture interest with Johnnie’s Famous Shoes, Inc. provides Avitar with its entry into its new business model.
Technical Outlook:
AVTI resistance level has been triple .0004 since March of 2009. A weekly close above this level should send the stock higher to challenge the psychological .001 level in the near future. The stock is up 300% on 122 million shares traded in the morning session. Read the rest of this entry »
