Las Vegas, NV -- (SBWIRE) -- 11/07/2012 -- Anyone with an eye on explosive penny stocks should keep a close eye on MIMV; the stock made a spectacular one day run at the end of September from around $0.12 to a high of $0.717 after the Company announced a Partnership Agreement with Microsoft.
Since then the stock has fallen to the $0.35 range and has been trading in a range between $0.30 and $0.40. As volume picks up and the MIMV moves towards the top of its range Investors are watching for a breakout!
Headquartered in Sunnyvale, California, MIMVI, Inc. MIMV -5.26% is a pure-play search and recommendation technology company. Its proprietary search and "intelligent" recommendation algorithms enable the search and discovery of Mobile Apps, Mobile Content and Mobile Products across multiple devices and platforms, including: Apple's iPhone and iPad, Google Android, BlackBerry, Windows Phone, Facebook and Web Apps.
On September 25 MIMV made a huge announcement the affects of which are still factoring into the stock price; Mimvi announced that they have finalized a partnership agreement with Microsoft Corp. The partnership will see Mimvi develop a number of products and services to complement Microsoft's Windows Azure and Windows Mobile 8 Platforms. The agreement also involves Microsoft making investments in Mimvi in the form of engineering services, software, and cash.
To find out what OTCMAGIC projects for Mimvi, Inc. (PINK: MIMV) both short term and long term please go here: MIMV
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