A company which could be worth looking into this morning is ZICIX Corporation (OTCMKTS:ZICX) owing to the developments from yesterday. The company announced yesterday that its chairman William A Petty had been handed a progress report by the ZICIX President Fernando M Sopot with regards to a key project.
On Tuesday, ZICX stock ended flat at $0.0021 with 5.76 million shares, compared to volume of 5.55 million shares. The stock moved within a range of $0.0020 – 0.0025 after opening trade at $0.0021.
ZICIX+CTIP-FII SIGNS CONTRACT WITH IFCI TO DEVELOP $20 MILLION SENIOR CITIZENS RESIDENCE PROJECT IN NEWARK, NEW JERSEY
The report in question provided information with regards to the fact that ZICIX+CTIP-FII had inked a contract with International Federation of Chaplains Inc for the development of a Senior Citizens Residence Project worth as much as $20 million. The project in question is located at a site that is owned by the City Government of Newark in New Jersey.
In this regard, it ought to be noted that the International Federation of Chaplains is a non-profit organization based out of Newark in New Jersey and West Orange, New Jersey. It is a Christian organization spanning the globe. That being said, it is important for investors to keep in mind that the project in question is for profit and is being regarded as a Special Purpose Entity. In light of the latest update from ZICIX, it is going to be interesting to see if the company’s stock can garner any attention from investors or not.