WILMINGTON DE Jun 11 MARKET WIRE — RELM Holdings Inc
WILMINGTON, DE, Jun 11 (MARKET WIRE) — RELM Holdings Inc. (PINKSHEETS: RELM) affirms the pending acquisition ofAccess Versalign Inc. (AVI) in a share exchange.Subject to final bank approval, this acquisition will give RELM access tocash flows and expanded business opportunities in the InformationTechnology industry. In 2008, on a pro-forma basis, AVI has over $9million in assets (from a related company) as a consolidated company andgenerated $2.5 million in gross revenue with $319,680 in EBITDA.AVI was organized in 2008 and in 2009 acquired Versalign Inc. However,the implied volatility for the option increased overnight from 59.8% to 66.2%.
On the other hand, the July 12 call added more than 50,000 newpositions, bringing its open interest up to 70,994 contracts. At 12:44 p.m.Eastern time, several large blocks totaling 60,000 contracts changed hands at$0.75, which was between the bid price of $0.70 and the ask price of $0.80,making it hard to determine if the positions were purchased or sold. CINCINNATI–(Business Wire)–NVIDIA (NASDAQ: NVDA) saw a huge jump in call trading on Wednesday, according todata from WhatsTrading . The stock traded more than 158,500 contractsyesterday, which is more than eight times the equity’s average daily tradingvolume of 19,433 contracts Furthermore, roughly 91% crossed on the call side. Digging into the action, the June 11 call liquidated more than 4,000 positions,while the June 12.50 call saw its open interest decrease by roughly 4,500contracts. AMMAN (Reuters) – Jordan’s King Abdullah urged Israel and Palestinians on Thursday to build on the momentum generated by U.S. President Barack Obama’s peace drive to resolve the Arab-Israeli conflict World”The U.S.
President’s stances are creating a positive environment that needs to be built on by all the parties to reach a comprehensive and permanent solution to the conflict,” a palace statement quoted the monarch telling George Mitchell, Obama’s special envoy to the Middle East.”The U.S. (editing by Justin Palmer; To query or comment on this storyemail ). “Globally, being an Olympic sport adds credibility andexposure and that gives you opportunities to expand, makein-roads to countries where it is not being played, acquiringsponsorship,” Porter said.”The loss of financial support is a problem but theimportant thing is the Olympics give our sport recognition,” hesaid. But wefeel we have done all that the IOC wanted us to do since 2005.” Olympic exclusion for a smaller sport could spell financialdisaster with the loss of millions of IOC and sponsorship fundsas well as global media exposure. Softball ceased being on the Olympic programme after itsfinal appearance in last year’s Beijing Games, getting a tasteof what it means to be off the Olympic radar in the past 10months. GUARDED OPTIMISM”I am guardedly optimistic,” Porter said of the vote. “Iwant to be optimistic but we are guarded because we know we haveto do everything possible to convince all IOC members.
The IOC will vote on the inclusion of a maximum two newsports in October. The changes include a 20-second clock on the pitcher and arule change on intentional walks to speed up play. The ISF also distributed $3 million worth of playingequipment to 70 countries, including in Africa and the MiddleEast where the sport is not widely played, and signed uphonorary IOC president Juan Antonio Samaranch in their BackSoftball campaign The sport has also never been tainted by doping, Portersaid. “It meant we had to work harder and I believe we have donewhat the IOC has demanded from us,” Porter said. Porter said the federation had since 2005 modified the sportto make it more attractive to fans and television.
“This was a wake-up call for us,” Don Porter told Reuters ina telephone interview ahead of the sport’s presentation to theInternational Olympic Committee next week. Softball and baseball will not feature in the 2012 LondonOlympics. Softball is one of seven sports seeking inclusion for the2016 Olympics, together with karate, squash, golf, baseball,rugby and rollersports, after it joined baseball in 2005 as thefirst sports to be taken off the programme since 1936. By Karolos Grohmann HALLE, Germany, June 11 (Reuters) – Softball’s surpriseOlympic Games exclusion in 2005 was a major wake-up call thatforced the sport to change and fight to come back, itsinternational federation chief said on Thursday.