eCarfly Inc. (PINKSHEETS: ECFL) should continue to be of interest to speculative investors this morning. Yesterday the company issued a press release announcing that has chosen Las Vegas as the official headquarters for eCarfly's Finance Division.
This should be a stock for speculative investors to watch. "The automobile industry is a Trillion Dollar industry. Being in the business that we're in, it makes perfect sense for eCarfly and our shareholders to grab a portion of that industry by offering our very own auto-finance services," stated Desmond Milligan, eCarfly, Inc. CEO.
The press release states that company executives will travel later this week to Las Vegas to finalize the Las Vegas site.
Yesterday eCarfly announced that it has scheduled a meeting for Friday to discuss a possible 5-1 or 10-1 forward split. The press release stated that, due to the huge demand for ECFL shares and the small public float, the company will join in a meeting to discuss with their legal counsel, the possibility of a forward split.
Also yesterday, the company announced it will be hiring and training a sales force to meet requests provided by the Asbury Automotive Group, a $5.5 Billion Corporation.
A profile of eCarfly can be found here: http://www.wallstreettradingalerts.com/ECFL080106.html
eCarfly provides individuals and automotive dealers a hassle-free and cost-effective alternative to sell their vehicles while reducing to zero, traditional costs associated with the vehicle sales process! With the knowledge, experience, and understanding of the automotive industry, eCarfly knows exactly what works and what doesn't. eCarfly is currently focusing on online vehicle auctions, personal watercraft auctions, and partnerships with companies such as AutoNation, CarMax, Inc., Asbury Automotive Group and private individuals interested in selling their personal vehicles.
Other Stocks of interest yesterday were:
Nortel (NYSE: NT) down 0.5% on 13.5 million shares traded.
Nortel is a recognized as one of the leaders in delivering communications capabilities that enhance the human experience, ignite and power global commerce, and secure and protect the world's most critical information.
Citigroup (NYSE: C) up 0.4% on 13.8 million shares traded.
Citigroup is one of the leading financial services company.
Bank of America (NYSE: BAC) even on 11.1 million shares traded.
Bank of America is one of the largest financial institutions.
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