Las Vegas, NV -- (SBWIRE) -- 12/05/2012 -- Superior Venture Corp (OTC:SVEN) is the new pick from AwesomePennyStocks famouse for the legendary promotions of picks such as SNPK or NSRS.
SVEN hit the OTCBB at the end of November at around $0.14 per share and quickly exploded from there on the AwesomePennyStocks (APS) alert. In typical APS style SVEN traded $35 million in dollar volume its first day out and has been leading the bb's in volume since.
The stock has dropped in recent sessions seeing a low of $0.20 per share and is currently trading around $0.23 per share. APS has a history of shaking even their successful long term picks and SVEN definitely remains in play here. If it drops below $0.20 per share again I would be concerned; otherwise wait for a move back to all time highs.
Superior Venture Corp. is a public company that has created an unprecedented opportunity to tap into the Chinese domestic motion picture industry through its wholly owned subsidiary is Ilustrato Pictures Limited, an international movie development and production company.
According to them The Chinese movie industry has been the fastest growing film market in the world over the last fifteen years. Growth has averaged from 25 to 42 per cent per year, making China the second largest market in the world. Domestic Chinese box office receipts have increased from US$240 million in 2005 to over US$2 billion to date in 2012.
On December 4 SVEN announced through its wholly owned subsidiary Ilustrato Pictures Limited that they have reached a breakthrough agreement with Wuxi Studios to co-develop a USD $15 million motion picture for both the domestic Chinese market, and the oversea international market.
OTCMAGIC has recently published a new article on SVEN. To find out more about this stock and what OTCMAGIC projects for Superior Venture Corp both short term and long term please go here: SVEN
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