Las Vegas, NV -- (SBWIRE) -- 11/16/2012 -- eLayaway, Inc. (OTC:ELAY) made spectacular gains on Friday as the stock traded huge volume and was up well over 200% before noon. Heavy speculation continues on ELAY and where its headed continue as the stock steadily moves up.
eLayaway is the parent company of eight subsidiaries; DivvyTech, Inc. eLayaway.com, Inc. PrePayGetaway.com, Inc. NuVidaPaymentPlan.com, Inc. PlanItPay.com, Inc. Pay4Tix.com, Inc. Centralized Strategic Placements, Inc. and eLayaway Australia Pty, Ltd. ELAY provides the management, administrative, marketing and other pertinent focuses for its subsidiaries.
The Company has been reporting growing revenues; for the 3 months ended June 30, 2012 they reported $59,553, while still small its double from the year before. While the Company does have over $100,000 in the treasury they continue to lose well over half a million a quarter and carry a large amount of debt, much of it convertible into free trading stock – this explains a lot in terms of why ELAY has dropped from the $0.02 range it enjoyed several months ago.
Yesterday the Company's subsidiary DivvyTech, Inc., creators of innovative recurring payment technology solutions, specializing in online layaway services, released today its 2012 Online Layaway Trends Report in the form of a downloadable infographic. In addition to identifying and comparing both online and brick & mortar layaway programs, the infographic highlights the trends and user behavior of the Company's online layaway service, eLayaway.com.
To find out more about this stock and what OTCMAGIC projects for eLayaway, Inc both short term and long term please go here: ELAY
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