Artivision

Artivision: no recent news flow to highlight, other than the MOU signed with Shanghai Menlo Advertising on 17 Feb. Menlo is a subsidiary of AdChina, an integrated internet advertising platform provider in the PRC, and is engaged in the provision of technology consulting and solutions in connection with the various software systems under AdChina's platform. Menlo shall use Artivision's Advision video advertising platform and run its advertising campaign orders through Advision, enabling Menlo to engage in real-time bidding with publishers in the PRC for its advertisement campaigns. Artivision will receive payment from Menlo on the basis of the number of advertisement impressions served. A mutually acceptable detailed agreement is expected to be executed within 60 days from the date of MOU. Technically, the stock may be extending its decline after the support at $0.22 failed to hold. Next support at $0.20 (psychological level), followed by $0.184 (Jul '12 trough)