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News and Updates on HPTO, PSON, TBIO and AAMC

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By OTC Magic News and Updates on hopTo Inc. (OTC:HPTO), Petrosonic Energy, Inc. (OTC:PSON), Transgenomic Inc. (OTC:TBIO) and Altisource Asset Management Corporation (NYSE:AAMC).

hopTo Inc. (OTC:HPTO) develops, markets, and sells application publishing software solutions and productivity products for mobile devices. The company operates in two segments, GO-Global and hopTo. It was previously known as GraphOn Corporation and changed its name to hopTo Inc. in September 2013. The company was established in 1996 and is settled Campbell, California.

For our complete article on HPTO please go here: http://tinyurl.com/otcmagic-HPTO

Petrosonic Energy, Inc. (OTC:PSON) is a development stage company. It focuses on the treatment and upgrading of heavy oil through sonicated solvent de-asphalting. The company’s target customers include heavy oil producers and heavy oil refineries. It has changed its name to Petrosonic Energy, Inc. in May 2012.

On November 21st, 2013 PSON released its financial report for the third quarter ending Sep 30, 2013. According to the statement released the company’s net loss amounts up to $466,000, whereas the company incurred operating loss of $459,000. The company spent $456,000 on selling general and administrative expenses, and the company’s interest expense amounted to $5,000.

For our complete article on PSON please go here: http://tinyurl.com/otcmagic-PSON

Transgenomic Inc. (OTC:TBIO) operates as a biotechnology company in the United States, Italyannd many other countries internationally. The company Clinical Laboratories segment offers genetic testing services for neurology, mitochondrial disorders, cardiology, and oncology. The company was established in 1997 and is settled in Omaha, Nebraska.

On November 21st, 2013 TBIO released its financial report for the third quarter ending Sep 30, 2013. According to the statement released the company generated toltal revenue of $6,646. Net loss amounts up to $5,551,000, whereas the company incurred operating loss of $5,405,000. The company spent $7,626,000 on selling general and administrative expenses, and the company’s interest expense amounted to $155,000.

For our complete article on TBIO please go here: http://tinyurl.com/otcmagic-TBIO

Altisource Asset Management Corporation (NYSE:AAMC) provides asset management and corporate governance services in the U.S. It offers its services under a residential asset management agreement to Altisource Residential Corporation. The company also provides title insurance and reinsurance services. It was established in 2012 and is settled in Frederiksted, Virgin Islands.

For our complete article on AAMC please go here: http://tinyurl.com/otcmagic-AAMC

OTCMAGIC is a newsletter that reports on developments in the world of penny stocks. OTCMagic is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please visit OTCMagic.com website, for complete risks and disclosures.

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