Texxon Inc. (OTCBB: TXXN) may be a target of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company, a pioneer in the field of international telecommunications, issued a press release announcing that it has received coverage from Market Advisors with a Short Term Price of $0.34.
News of the coverage should get the attention of investors! Every day, millions of people and thousands of businesses need to communicate in various languages. Texxon is a pioneer in developing software that makes it easier and faster for people around the world to communicate despite the many language barriers. The demand for these products that allow users to translate the many forms of communication including voice between English and German, French, Spanish, Italian, Chinese, Japanese, Korean and many more will be astounding.
Automated speech processing is developing into a multi-billion dollar business as consumers tap emerging technologies offered by firms like Texxon, Inc. The global market for speech processing topped the $3.5 billion dollar mark in 2005.
Wall Street News Alert is placing Aggressive Investors on alert to monitor the progress of Texxon! Highlights of the report (which is available in its entirety, in the company's press release) include:
-- The products being developed by Texxon and its subsidiaries will allow their customers the ability to do so much more business over the Internet and the telephone on a global scale. -- The company is working on additional acquisitions that will offer similar operational synergies through mutual networks and technologies as well as help reduce operational expenses. -- The company's goals are to expand its wireless product and life management services throughout the world by adding new related services and content. Strategic corporate relationships with other companies offer exciting new revenue opportunities and provide the basis for the company's infrastructure. This greatly enhances opportunities for US companies doing business in all sectors, thereby raising the standard of living at home and abroad.
Prior to the latest press release, the stock closed yesterday at around Fourteen cents a share.
For an in-depth profile of Texxon, visit http://www.thenewssvc.com/TXXN083006.html
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In case you are not familiar with the company: TelePlus Inc., a subsidiary of Texxon, Inc. (OTCBB: TXXN), DBA TelePlus Group, is a leader in the field of international telecommunications, combining wireless technology and advanced proprietary software with the lowest rates and the highest levels of customer service. The company is dedicated to helping people worldwide through proprietary "content in-language" communications tools and services which deliver the highest level of customer service at user-friendly rates. TelePlus Group through its services helps facilitate the expansion of the user's global experiences through business and recreation. TelePlus Group maintains its network operations and primary customer service center at its Los Angeles headquarters. The company also operates several call centers throughout the United States, Europe, and Asia.
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"In economic news, the second quarter GDP has been revised to 2.9% from 2.5% in a report by the Commerce Department. The increase is due mostly because of better exports. GDP measures the value of all goods and services of the country," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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