ABN Newswire Stocks to Watch today include: Otto Energy Limited (ASX:OEL)(PINK:OTTEF), Sarissa Resources Inc., (PINK:SRSR), Zhaojin Mining Industry Company Limited (HKG:1818)(PINK:ZHAOF), Galaxy Resources Limited (ASX:GXY)(PINK:GALXF), Automotive Technology Group (ASX:ATJ), Conquest Mining Limited (ASX:CQT) (PINK:CQMLF).
Based in Perth W.A, Automotive Technology Group (ASX:ATJ) is the designer, owner and manufacturer of the patented Sprintex(R) helicoil twin-screw supercharger and has spent 6 years and over A$22 million in R & D. Development of the Sprintex(R) supercharger range is now complete and commercially ready.
Vietnam's leading motorbike manufacturer - Vietnam Manufacturing and Export Processing (Holdings) Limited (HKG:0422) introduced two scooters series in the second half this year, mainly targeting high-end and youth man scooter market. Positive market response has been received with the Shark series recorded a monthly sales volume of 1,012 scooters as at the end of September as compared to 422 scooters in July.
Automotive Technology Group Limited (ASX:ATJ) is pleased to announce it has entered into a Placement and Underwriting Agreement with an independent party to raise up to A$6,255,988. The Underwriting relates to an Entitlement Offer of a one for one nonrenounceable rights issue of fully paid ordinary shares in the Company at an issue price of A$0.05 per share to raise up to approximately A$5,830,988.
Automotive Technology Group Limited (ASX:ATJ) advises that it has secured a funding arrangement for A$5.5m through a 12 month Convertible Note at 10% per annum interest complete with an option of extending for a further 12 months at the discretion of the Financier.
Leading Australian clean automotive technology company Automotive Technology Group (ATG) (ASX:ATJ) is pleased to announce that it has lodged a new patent application for its Sprintex Supercharger technology, which delivers further major advancements in performance and confirms Sprintex as the world's best supercharger product.
The principal activity of Automotive Technology Group Limited (ASX:ATJ) and the entities it controlled for the six months ended 31 December 2008 remained the same as last year, being the manufacture and distribution of the patented range of Sprintex(R) Superchargers and Vee Two aftermarket and performance motorcycle accessories.
