Houston, TX - Market Medici announced today it has added Eco Tek Group Inc. (ETEK) and Prince Mexico, S.A. (LUVE) to its stocks to watch list.
Eco Tek is dedicated to developing and providing innovative and cost effective green products to the automotive and industrial sectors. Located in Woodbridge, Ontario Canada, the company offers several oil treatments and lubricants for all types of engine uses. It’s product offering includes 100% synthetic motor oils with high viscosity specifically formulated to eliminate engine friction, reduce engine wear and tear, protect against high engine temperatures, eliminate sludge deposits, significantly reduce petroleum consumption, increase engine power and prolong engine life. It’s products have been tested by both independent labs and by commercial users. All Eco Tek products are made and bottled in Canada and are API approved.
Market Medici believes the trend towards synthetic motor oils will grow due to rising petroleum prices and a lower turnover in the car purchasing public – car owners are keeping their cars longer, and will require the longer engine lives that synthetic motor products provide. Furthermore, with the economy recovering, and with it an increase in the trucking industry, the economies offered by synthetic products become all the more pronounced. ETEK last traded at $0.525 up approximately 4% on a volume of 15,580 shares.
Prince Mexico S.A. has just inked a deal to distribute the Prince suite of products consisting of racquet sports products for tennis and squash under the names Prince, Ektelon and Viking, as well as the Prince golf clubs in Mexico and South America. The products are already available in WalMart Mexico, Sears Mexico, Liverpool and Marti – the leading retailers in Mexico.
Prince USA products already enjoy a premier position among racquet sports, being chosen by some of the most prolific athletes in the world.
Market Medici believes Prince Mexico S.A. could capitalize on the trend towards tennis in Mexico: the Mexican Open, also known as the Abierto Mexicano has been part of the ATP World Tour 500 series since 1993. In addition, a strong retail climate exists in Mexico – Mexican retail sales rose 1.8% in January 2013 vs. January 2012, the fastest pace in 2 years. In addition, the decline of the peso has kept more Mexicans from travelling to the USA to buy American products. LUVE last traded at $0.89 up 4.71% on a volume of 225,182 shares.
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Contact:Antonio Russo, Managing Directorinvest@MarketMedici.com