Kolkata, West Bengal -- (SBWIRE) -- 09/16/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Applied DNA Sciences Inc (OTCBB:APDN), Elite Pharmaceuticals Inc (OTCBB:ELTP), Federal National Mortgage Association(OTC:FNMA).
Applied DNA Sciences Inc (OTCBB:APDN) stock jumped 2.40% to $0.128. The company on Sept. 12 announced that it has signed an agreement with L-3 Power Paragon, a subsidiary of L-3 Communications, for the use of SigNature DNA marking technology to proactively protect against counterfeit electronic parts. L-3 Power Paragon supplies microcircuits in the category FSC 5962 to the U.S. Defense Logistics Agency (DLA), and so becomes "SigNature DNA Compliant," playing an important role in the DLA effort to prevent counterfeit electronics.
Should Investors Buy APDN After Yesterday’s Slump? Find Out Here
Additionally, the company on August 21 announced that Ms. Karol Kain Gray will join the company as Chief Financial Officer, reporting to Dr. James A. Hayward, CEO and President. Beginning in October, she will be responsible for strategic and tactical matters as they relate to budget management, forecasting needs, and establishing and maintaining contacts with stockholders, financial institutions, Wall Street and the investor community.
Elite Pharmaceuticals Inc (OTCBB:ELTP) shares climbed 5% to $0.105. The company on August 14 announced results for the first quarter of fiscal year 2014 ended June 30, 2013. Manufacturing and profit split revenues comprised almost all of Elite's quarterly revenues and totaled $717k for the quarter, an increase of 41% from the prior year. Basic loss per share were $(0.00) on a weighted average 388.0 million common shares outstanding. Fully diluted earnings per share were $0.00, on a weighted average of 580.4 million shares outstanding on a fully diluted basis.
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Federal National Mortgage Association(OTC:FNMA) shares gained 0.93% to $1.08. The company on Sept. 4 said it is starting to prepare investors for the first transaction in which the firm would share the risk of homeowner defaults with bond buyers. Executives at Washington-based Fannie Mae (FNMA), which bought or guaranteed $468 billion of residential mortgages in the first half of the year, will discuss its credit-risk management practices on an invitation-only web conference for investors that was set to start at 12:30 p.m. today, according to an online posting.
Is FNMA A Good Buy After The Recent Price Movement? Find Out Here
Additionally, the company on August 26 said it plans to sell $2.0 billion of benchmark bills on Wednesday. The sale will include $1.0 billion of three-month bills, due Nov. 27, 2013, and $1.0 billion of six-month bills, due Feb. 26, 2014. Settlement is Aug. 28-29.
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