DALLAS, July 9, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Alanco Technologies Inc. (Nasdaq:ALAN). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/ALAN
ALAN is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Alanco Technologies Inc. (ALAN) is a provider of advanced information technology solutions. The Company operates in two segments: Radio Frequency Identification (RFID) Technology, which is engaged in incorporating design, production, marketing and distribution of RFID tracking technology; and Wireless Asset Management, which is engaged in incorporating the design, production, marketing, distribution and monitoring of wireless asset management products, primarily for the transportation industry. During the fiscal year ended June 30, 2009, the Company discontinued its Data Storage segment. In March 2010, the Company announced the sale of its data storage subsidiary, Excel Meridian Data Inc.
Message Board Search for ALAN: http://www.boardcentral.com/boards/ALAN
In the report, the analyst notes:
"ALAN posted an increase in sales from continuing operations for its third quarter ended March 31, 2010, to $3,825,800, versus $3,758,000 for the comparable quarter of the prior year. Gross profit for the quarter increased to $1,637,400, a 68% increase over the prior year third quarter.
"ALAN announced last month that its appeal to the NASDAQ Listing Qualifications Panel for an extension to regain NASDAQ's minimum $1.00 bid price listing requirement has been granted. The Company now has until September 13, 2010, to regain minimum NASDAQ bid price requirements, and is in full compliance with all other NASDAQ listing requirements."
To read the entire report visit: http://www.microstockprofit.com/lp/ALAN
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