UPDATE - May 11, 2010
TLAN Produced a Letter of Intent to Purchase Minority Stake in a Chinese Company. This LOI is subject to certain criteria if it should go through. The company, Hua Neng Long Yuan, is headquartered in Beijing, China, and has operations throughout greater China. The Company was established in 1992 and maintains distributor relationships with some of the world's largest hardware and software companies. HNLY is a market leader in the distribution of both hardware and software solutions in China.
Under the terms of the Agreement, the Company will issue stock valued at $500,000 and a deferred cash payment in the amount of $70,000 for the acquisition. The Company will issue shares of restricted stock to the seller at closing, and the deferred cash payments will be made when certain functional milestones have been met.
In tough economic times it is no wonder that companies pertaining to job location, training and outsourcing would be doing well. One company, Talent Alliance (TLAN) saw almost 500% in gains since last Friday. This penny stock is now trading above the $0.04 mark, from just above $0.01 last week.
Volume is usually very low for TLAN, making their previous large 100% or more jumps impractical for most investors. This changed last week, having volume break 3 million shares. Spread today has been fairly high, as shown by Bollinger bands, creating a good opportunity to take advantage off of the wide range of offers.
TLAN provides talent management and talent acquisition technology applications and resources in the United States and The People's Republic of China. Talent Alliance provides world class permanent placement recruiting, contingent staffing, employee leasing and benefits management services, and proprietary talent acquisition technology solutions to small, medium sized businesses and multi-national corporations. They currently have offices in Texas, Florida, Missouri, California, Shanghai and Beijing.
TLAN began its ascent with recent news of huge increases in demand of their services. The recovering economy may be part of the reason that 4th quarter job orders increased by over 200%. They have had many high profile customers, some of which include Disney, Amazon.com, Verizon, GE, Pepsi and Boeing.
One aspect of their business that is very likely to lead to some big revenues in the future is their dealings with military personnel. Reintroduction of soldiers who have actively served in hot military zones can sometimes be very difficult. TLAN takes special care of these potential employees through their specific subsidiary, SOAR Consulting Inc.
With time taking its toll on the wars being fought overseas currently, and with President Obama looking for ways to bring troops home, such a service may be seeing it’s most profitable time yet. At the least many soldiers who have served for extended periods of time will be looking to work. Such a company as TLAN may provide exactly what is needed for both companies and individuals to benefit upon their return.
As well, Tlan provides outsourcing and many other services that may be of value for their customers. They have a diverse range of uses for both employees and employers, making them very versatile. If news comes of many troops returning home, especially to states like Texas, Florida and California, be sure to get on board TLAN. The longer the war continues, the more benefit to a company like TLAN there is when it is finally over.
To view a promotional ad about Talent Alliance, refer to the video below.
By Stockpicktrading.com Team
