ELTP Elite Pharmaceuticals Inc (QB)

New York, NY -- March 7, 2022 -- InvestorsHub NewsWire -- via Traders News Source, a leading independent equity research and corporate access firm focused on small cap growth companies issues new research.

Developing EV distributor Elektros Inc. (OTCPNK: ELEK) is working on distribution of its Elektros Sonic Vehicles and delivery is anticipated early this summer from manufacturer Jinpeng Group who have just begun production last week. ELEK also advised they were able to further negotiate their contract with Jinpeng Group to add on unique luxury automotive parts and Elektros Sonic branded accessories. Elektros is working closely with Jinpeng and hopes to finalize exclusive U.S. rights with the company in the near future. Generic drug manufacturer Elite Pharmaceuticals, Inc. (OTCQB: ELTP) operates a cGMP and DEA registered facility for research, development, and manufacturing located in Northvale, NJ. Three weeks ago. ELTP announced results for Q322 (FYE is March 30). Consolidated revenues for the Third Quarter were $9.0 million, an increase of $2.9 million or 48% as compared to the corresponding period of the prior year, primarily due to stronger sales of Amphetamine IR Tablets and Amphetamine ER Capsules. Operating profits of $1.8 million, an increase of $0.8 million from the comparable period of the prior year, and net income was $2.3 million.


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Digital World Acquisition Corp. (NASDAQ: DWAC) is a SPAC that is merging with Trump Media & Technology Group with an app called Truth Social. The former President set up Trump Media & Technology Group shortly after leaving office in 2021. Trump’s social-media venture is a business that has offered few details, according to a Wall Street Journal report. Supporters are heralding its takeoff. In December, Trump Media & Technology Group named former Republican Rep. Devin Nunes, a longtime ally of Trump, as chief executive of the social-media venture, according to the report. Leronlimab developer CytoDyn Inc. (OTCQB: CYDY) is experiencing a management shake-up at the very top. The Board of Directors terminated the employment of Nader Z. Pourhassan, Ph.D., as President and CEO of the Company and he is no longer a member of the Board of Directors, effective January 24, 2022. Antonio Migliarese, currently CytoDyn’s Chief Financial Officer, has been appointed interim President. Additionally, Scott A. Kelly, M.D, Chairman of the Board and Chief Medical Officer has stepped down as Chairman but will remain on the Board of Directors. The Board has elected Tanya Durkee Urbach, an independent director who has experience in corporate governance, corporate finance, business growth and securities litigation, compliance, and regulatory issues, as Chairman of the Board.


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Elite Pharmaceuticals (QB) (USOTC:ELTP)
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