Elevate, Inc. (OTC:ELEV) Gets a Massive Pump Campaign

ELEV was founded in 2008, but started trading on the stock market around March 2011 through a reverse triangular merger. The company provides digital services focused on IP and wireless residential services.

On Thursday, ELEV closed down 6.25% at $0.90 on just 11 thousand shares, which is still above the average turnover of ELEV.

Someone interested in ELEV trading more actively has paid for a number of promotions for ELEV. Most of the promoters disclosed Global Marketing Media, LLC as the paying third party.

Some promoters chose to use ELEV's numbers for the quarter ended November 30, 2011 as an advertising point - "100% Revenue Growth From Q1 and 198% Growth Over The Previous Q2."

While the percentages may look impressive, the actual revenues reported by ELEV for the quarter were $125 thousand. The report also showed the company has been losing money.

Things may have changed, or could change in the future. The company has been issuing press releases with positive developments around its operations after the date of the report.

However, there are no actual more recent numbers about how ELEV is doing financially, and the press releases haven't managed to do much about ELEV's performance on the stock market. Still, the massive promotional effort can affect the market today.