By: Matt Rego
Shares of Simply Lids (OTC Pink: COLV) jumped 31.25% on heavy volume during the early hours of trading on June 6, 2016. Over the past three months, Coastal Integrated Services, Inc. (OTC Pink: COLV) has seen average daily volume of around 2.24 million shares. However, nearly 102 million shares or nearly $205,000 in dollar volume exchanged hands on June 6th.
The massive move on heavy volume comes on no news from June 6th, but could be related to the company’s recent utility patent award that was handed down on June 1, 2016. Here is the press release detailing of Coastal Integrated Services, Inc. (OTCPink: COLV)’s recent patent:
CHEYENNE, WY–(Marketwired – Jun 1, 2016) – Simply Lids (OTC PINK: COLV) is pleased to announce that it has been granted a utility patent on their award winning lid.
Simply Lids was informed by the US patent office that their application for a utility patent on their award winning lid has been granted. This is the second of several patents to be granted on this amazing product. Application is also complete on world-wide patent rights. John Newman, President of COLV, stated that “Not to sound like a broken record but we are continually getting validation in our efforts to produce the safest and most functional beverage lid in the food & drink industry. Having these patents granted furthers our validation of this unique product and gives us the opportunity to protect the interests of the company and shareholders for years to come.”
Simply Lids is an award winning company whose specialty is disposable beverage lids in the food services industry. Simply Lids’ patented technologies provide a safer, more enjoyable drinking experience, without splashing or spills, and has the added benefit of unique marketing opportunities, never before realized in this industry sector. Simply Lids plans on being the leader in this multi-billion dollar sector through the application of its unique technology and innovation. For more information, please visit our website at www.coastalintegratedservices.com.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect COLV’s current views with respect to future events that may involve risks and uncertainties.
Mr. John Newman