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Penny stock Thwapr Inc. (THWI) Soars in Yesterday’s Trading amid Inking Agreement with Shyalala

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Shares of Thwapr Inc. (OTC: THWI), a provider of mobile video sharing service that allows brands to mobile and monetize content, saw a huge rally in Thursday’s trading session.

The penny stock of THWI ended the day 75% higher at $0.0420, with volume up from daily average of 335,491 to 10.91 million. The stock gained 400% in the last three trading sessions.

Thwapr shares surged on Thursday after the company announced the signing of an exclusive agreement with Shyalala to develop new business opportunities. A leading marketing and branding company in Asia, Shyalal delivers end-to-end marketing and branding solutions for multinational companies.

Under the terms of the agreement, Shyalala and Thwapr will work closely to deliver a strategy for using THWI’s proprietary mobile video sharing technology to build community engagement services.

Posted by on Friday, May 25th, 2012. Filed under Gadgets, Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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