The promotions for Ecoland International, Inc. (OTC:ECIT) stock keep running at full speed this week as well. Yesterday, the stock stock entered the market with a gap up and at the end of the session the volume record from the beginning of the month had been broken. Unfortunately, that was due more to the promotions than to any important news. 
The latest promotional e-mails on ECIT came into our database yesterday and on Sunday evening and they seem to be part of the old campaign. Compensation consists either of 1,000,000 restricted shares of the company, or of $15,000 in cash. Thus, total amount spent on promoting ECIT this month reached $75,000, while the number of registered e-mails is 34.
There was also news yesterday morning, but is not likely that it was the reason for the gap up of the share price at market open. The company only confirmed the closing date of the share exchange agreement with D&R Technology Inc. – November 4, 2011. According to the press release, D&R is a designer and manufacturer of automated tube processing solutions for the automotive industry, and its acquisition would open a variety of new opportunities for ECIT.
That last PR contained the same information as the initial one from October 19 when the acquisition was first announced. Also, there is still no 8-K filed to the SEC that would confirm the deal and announce the exact terms of the acquisition.
Given the lack of that information, the current market value of ECIT stock of over $33 million looks very questionable. An interesting point from the company’s latest 10-Q, filed about two weeks ago, is that in the three months ended August 31, 2011 the company reported $3,376 in revenue as compared to $0 for the same period of last year. Yet, the sales are still sporadic and ECIT still has not established any customer base that could make the business profitable.
