OMPG

All eyes on Conference Call : OPMG

Options Media Group Holdings, Inc. (PINK:OPMG)has been showing eye catching movement very since the company had announced about the restructuring of its business and changing its company name.

On May 16, 2011, OMPG disclosed that it will write off some of its existing assets in order to focus on its core business i.e. mobile and smart phone applications.

OMPG is scheduled to discuss these details later today in a conference call.On May 17, 2011, the stock had soared 200% on massive volume and since then it has further moved up by 33%. Volume is still attractive as traders will watch for company’s discussion.

The company has a flagship product with a name of The DriveSafe Software Suite and they are planning to market this products.

So the future of OMPG’s potential will determined only when the company will come out with their product and how it will be responded by markets.

For the quarter ended March 31, the company had $ 324,760 in revenue, while it had a net loss of $ 845,680. Company’s Total Current Liabilities exceed Total Current Assets by $ 1 017 171.

Technically, the OMPG stock is trading above its 50-Day Moving Average and 200-Day Moving Average of $0.01 and $0.02 respectively.

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