Breaking News and Technical Analysis Update for March 29th 2010 SaVi Media Group, Inc. (OTC) SVMI
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SANTA ANA, CA, Mar 29, 2010 SaVi Media Group (PINKSHEETS: SVMI) announces its participation at the 18th annual WAJ (Western Automotive Journalists) Media Days at Laguna Seca Race Track in Monterey, California last week. The company's mobile unit, the Transit-Connect (Ford Transit Connect) achieved three goals during the event: Mobile installations, Transit-Connect/ DynoValve exposure and promoting the DynoValve via media. The SaVi Group crew, John McGinnis, Jim Sherouse, Rose Fong and Serge Monros met with, and established relationships with journalists, potential distributors and car enthusiasts from throughout the country and overseas.
SVMI has been trading sideways for the last 2 weeks in a very tight trading range above the 10&13 day moving averages. Traders and Investors recognize that there might be a breakout from this consolidation pattern. A close above .03 could spark some momentum in the stock. Our support levels for the week are the 10&13 day moving averages. This presents itself as a very low risk trade. SVM I is currently up 4% on 1.4 million shares traded in the morning session.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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