Stock Market Alerts' performance stock list includes: Sovereign Exploration Associates International Inc. (OTC BB:SVXA.OB - News), Sun Microsystems (NasdaqGS:SUNW - News), Applied Materials, Inc. (NasdaqGS:AMAT - News), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX - News).
Sovereign Exploration Associates International Inc. (OTC BB:SVXA.OB - News) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, a maritime exploration company, issued a press release Tuesday announcing the completion of its acquisition of Lavelle Holdings, Inc., a privately held offshore project management company providing sub-sea marine services. The completion of this acquisition includes Lavelle's thirty percent (30%) minority ownership of REDS Caribbean LTD.
Great news for SVXA investors! Lavelle specializes in international offshore oil and gas and marine sub-sea projects, is a supplier of primary drilling instrumentation for offshore drilling rigs and an international provider of services linking seabed to surface for the offshore energy sector.
REDS Caribbean, LTD, based in Trinidad, operates in the Gulf of Mexico, the Caribbean and South America. REDS Caribbean LTD recently completed a series of inland diving projects and has just finalized a contract to provide diving support services to a major terminal operator.
This is certainly another company for investors to watch closely! "The acquisition of Lavelle, which will broaden Sovereign's services and support our growth, is an important step in building a synergy company that delivers high-value industry solutions. Lavelle and REDS Caribbean, LTD offers our company an opportunity to expand our reach and range of services in this growing market," commented Robert Baca, President & CEO of Sovereign.
"With the support of Sovereign's capital, contacts and management, we believe we are better positioned as a major player in the region," commented Robert Holloway, Senior V.P. of Business Development of Sub-Sea Operations for Sovereign, and Board member of Reds Caribbean, LTD.
SVXA stock closed Wednesday at Eighty-Five cents a share.
For Stock Market Alert's in-depth profile of Sovereign Exploration Associates International, visit: http://www.wallstreetenews.com/HotStocks/SVXA061307/default.aspx
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