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Stock Brainiac specializes in finding companies announcing ground breaking news or those that are ripe for a technical breakout, and today announces four stocks to watch closely.
- Regency Resources, Inc. (OTCBB: RSRS)
- Apple, Inc. (NASDAQ: AAPL)
- WebSafety, Inc. (OTCBB: WBSI)
- AT&T, Inc. (NYSE: T)
Breaking News Alert: Regency Resources, Inc. (OTCBB: RSRS) Announces Binding Letter of Intent to Merge with Digitally Distributed Acquisition Corp. for Entry Into High Growth Internet TV Sector. Regency Resources, Inc. (OTCBB: RSRS) plans to seek a merger with Digitally Distributed Acquisition Corp. ("DDAC") in order to develop media based business offering an in-depth portfolio of content for Internet TV distribution.
This is huge news for Regency Resources, Inc. (OTCBB: RSRS) as the Internet TV industry is taking off. Companies like Apple, Inc. (NASDAQ: AAPL) have moved into the Internet TV market with the introduction of "Apple TV," an Internet TV system. Just like Apple's (NASDAQ: AAPL) iPhone represents the future of the mobile phone, Internet TV represents the future of television. With this Letter Of Intent, Regency Resources, Inc. (OTCBB: RSRS) is positioning itself to take full advantage of a rapidly growing industry.