CTTY Sees Volatile Trading

Trading in momentum mover Catuity Inc (NASDAQ: CTTY) has been volatile over the past 30 minutes. The stock is now up $0.50 after breaking into the red a few minutes ago. Traders are talking up an 8-K filing in which the company referred to a recent CEO interview (conducted 07/06) during which the CEO stated the company would enter 2006 with forecasted revenues of $10 million - $15 million, be profitable in 2006, and have net assets in the $20 million range. NOTE: Long or short, this one might not go off radar screens anytime soon. 8-K Link: (http://www.streetinsider.com/news.php?st=p&id=63231)

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