To OTC Journal Members:
 

Update on Envoy Communications (NASDAQ: ECGI)

If you are following this stock you should have noticed it traded huge volume yesterday, up about $.50 from Friday's close, as a result of the news of the new contracts landed by wholly owned subsidiary Sage Consulting and their 15% internal expansion to handle increasing demand.

Envoy issued another press release just after the market closed yesterday informing us of the closing of the acquisition of IDG which was announced last September.

Today the stock is behaving very well on lighter volume, up $.25 already as we write this edition at 11:30 PST. This suggest that the next wave of buying will probably take this stock higher.

We believe this situation could get more exciting, and this stock could trade extremely well if the company can continue the momentum created by last Friday's news.

The next exciting development could come this Thursday just after the market closes. The December quarterly numbers will be released, and there will be a conference call with management just after the news to discuss the numbers.

We suspect the financial performance will be excellent as conversations we had with management recently were extremely upbeat.

If you are a shareholder or thinking of becoming one, we strongly recommend that you listen in on the conference call if possible. The call will begin at 4:30 EST, 1:30 PST. The dial in numbers are as follows:

• Toll Free: 877-871-2677
• Toronto Area: 416-620-2410

The OTC Journal will be publishing a special edition covering our thoughts on the company's financial results as soon as they are available. Please participate on Thursday if you can.
 

Upcoming Event

No Trading Alert was published today, but we will have a New Profile out over the weekend.

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