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EQLB, LOPE, CRWEWallstreet.com Stock Report! August 16th 2010
EQ Labs Inc. (EQLB.PK) announced today that it has sponsored a Starcraft II Tournament this past weekend in Minneapolis, Minnesota.
Starcraft is a PC-based video game developed by Blizzard Entertainment. The first game of the series was released for Microsoft Windows in 1998. As of February 2009, over 11 million copies of the game were sold worldwide making it one of the top selling video games of all time. The sequel to the first version of Starcraft was in development over 5 years and was released at Midnight on July 26th, 2010 to long lines. It is currently the third best-selling video game on Amazon.com.
In 2009, computer and video game companies sold 273 million units in the United States generating $20 billion in revenues. According to the Entertainment Software Association, 68 percent of American households play video and computer games.
According to Maurice Owens, Chief Executive Officer of EQ Labs, they believe worldwide video gamers represent one of the largest and most enthusiastic groups of consumers for EQ. Although they are in a very challenging economic environment, the economic demographics of the worldwide gaming market remain very positive according to all reports. Gamers have given us excellent feedback regarding EQ and they are working diligently to rapidly expand its availability in large retail outlets throughout the world.
EQ Energy Drink is currently sold in 800 stores in 48 states. The EQ Energy drink is the only effervescent-
More about EQLB at: www.drinkeq.com
Grand Canyon Education, Inc. announced today that the Company's Board of Directors has adopted a program to repurchase from time to time at management's discretion up to $25.0 million of the Company's common stock during the period ending September 30, 2011, unless such period is extended or shortened by the Board of Directors. As of August 5, 2010, the Company had 45.8 million shares of common stock outstanding.
The purchases may be made in the open market at prevailing market prices or in privately negotiated transactions in compliance with applicable securities laws and other legal requirements. The level of purchase activity is subject to market conditions and other investment opportunities. The plan does not obligate Grand Canyon Education to acquire any particular amount of common stock and may be suspended or discontinued at any time. The repurchase program will be funded using the Company's available cash and short-term investments. As of June 30, 2010, the Company had unrestricted cash, cash equivalents and marketable securities of $43.4 million and restricted cash, cash equivalents and investments of $30.7 million.
More about LOPE at: www.gcu.edu
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