PRESS RELEASE
June 30, 2011, 6:50 a.m. EDT
Alanco Technologies is the Leading Tech Stock on MicroStockProfit.com
DALLAS, Jun 30, 2011 (GlobeNewswire via COMTEX) -- MicroStockProfit.com announces a stock report featuring Alanco Technologies Inc. ALAN +112.75% The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/ALAN
Alanco Technologies Inc. (ALAN) is a provider of information technology solutions. The Company's StarTrak Systems subsidiary is the provider of tracking, monitoring and control services to the refrigerated or "Reefer" segment of the transportation marketplace, enabling customers to increase efficiency and reduce costs of the refrigerated supply chain. In February, ALAN, StarTrak Systems and ORBCOMM Inc. entered into a definitive asset purchase agreement under which ORBCOMM will purchase the business and operations of StarTrak Systems. This sale was completed in May 2011.
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In the report, the analyst notes:
Shares of ALAN soared past 132% gains yesterday as the Company announced a definitive merger deal with YuuZoo Corp., a global provider of mobile targeted social networks, targeted advertising and mobile payment systems."
"The Company said it has requested a hearing before an independent NASDAQ Listing Qualifications Panel in which the Company would request continued listing on NASDAQ pending completion of its merger with YuuZoo Corp. ALAN expects to address the staff's concerns about its operating status."
To read the entire report visit: www.microstockprofit.com/lp/ALAN
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