As the final day of the trading week comes along, it is perhaps time for investors to take a look at some of the stocks which managed to record significant gains yesterday and then plan the day accordingly. One of the stocks that could be on the radars of most investors could be of AllStar Health Brands Inc (OTCMKTS:ALST).
The company made a major announcement yesterday with regards to a new venture and that sent the stock soaring by as much as 43.33% amidst heavy action. The company announced yesterday that it had signed a Memorandum of Understanding with the firm Media Fusion Inc to start a new health media-related venture.
The two companies are going to be involved in the development of a new venture named AllStar Global Media which is going to be involved in producing health and medical related media content.
The aim of the venture is to spread the gospel of healthy living at a global level. AllStar Global Media is going to be involved in the production, distribution and marketing of media content that is initially going to be focused on the pharmaceutical sector. The venture seeks to provide a wider global publicity platform to the wide range of medical companies and their products.
This is a totally new direction for AllStar Health Brands and the company’s Chief Executive Officer Pete Wanner said as much. He noted that it was an ‘exciting time’ for the company as it was making a move into the media sector. However, he added that AllStar did not go into it without the right expertise and hence, chose Media Fusion Inc as its partner. Media Fusion is a highly experienced media firm and has considerable experience as well as expertise in managing this sort of venture as things stand.
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