An Arizona-based micro cap saw its stock pop today after an announcement that three new contracts secured this quarter are being valued over $1.5 million. Now for a large corporation, this may seem like a drop in the bucket, but for companies operating on a smaller scale, this is a huge feat, especially following a series of acquisitions made by the company. Shares of ILUS International Inc. (OTCPK:ILUS) rallied following the announcement.
Cache Elite, a Scottsdale, AZ-based company that consists of several wholly-owned subsidiary companies, DBA's as well as master licenses agreements. These businesses and arrangements allow Cache Elite to provide a broad range of services that focus primarily on E-commerce and internet based companies. Cache Elite also currently holds three leased retail locations. Two in Scottsdale, and the other in Gilbert, AZ which houses high-end cabinetry as well as high-end decorative hardware. Product offerings of these sites can also be found on the internet at www.eliteknobs.com The Company was founded in early 2012 and has followed an aggressive growth strategy by expanding internet based product offerings.
Traders were bullish on the news as the price climbed up to $0.043/share (+5.91%) at the session high. This move is potentially a precursor of things to come as the stock attempts to break out of the slight downtrend it has been in for months.
