Thursday, March 15, 2012

Wednesday's Penny Stocks OTC Winners: (OTC:MMBF), (OTC:SAVW), (OTC:FLTB) (OTC:MLES)

New York, NY - March 15, 2012 (Investorideas.com Newswire) www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the OTCBB for March 14.

Momentum Biofuels Inc. (OTC:MMBF) was the biggest gainer and soared 0.0090 (225.00%) to $0.0130 on low volume, rebounding from its recent fall. The company has a market capitalization of $1.21 with 93.22 million outstanding shares as per the latest filing with 51.15 floating shares.

SavWatt USA Inc. (OTC:SAVW) gained 0.0001 (100.00%) to close at $0.0002 on over 38.76 million shares, compared to its average volume of 132.08 million . Last week, the company provided its business update stating that it would start generating revenue in 2nd quarter 2012 and targeting over $10 million in revenues for 2012. The company further added that 1st quarter 2012 will end development stage classification.

Flatbush Federal Bancorp Inc. (OTC:FLTB) added 3.08 (101.99%) to close at $6.10 and made a new 52-week high of $6.40 after the company agreed to be acquired by Northfield Bancorp Inc in all stock deal worth $6.50 per share. Flatbush Federal Bancorp stockholders will receive 0.4748 shares of Northfield Bancorp common stock for each share of Flatbush Federal Bancorp common stock they hold.

The Mint Leasing, Inc. (OTC:MLES) climbed 0.060 (150.00%) to $0.100. Over the past three-months, the stock has jumped over 900% on increased volume. The Mint Leasing, Inc. is in the business of leasing automobiles and fleet vehicles throughout the United States. The company has collaborations with over 500 dealerships within 17 states.

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