By: Dylan Sikes - AllPennyStocks.com News

Thursday, October 6, 2016

Equities are mixed in trading today as investors remain cautious ahead of the all-important non-farm payrolls data. The U.S. Labor Department is scheduled to release the jobs report for the month of September on Friday. A strong jobs report will raise the possibility of a rate hike by the Fed in 2016 itself. At its last meeting, the Fed noted that the U.S. economy was showing modest growth. A rate hike of course will be negative for risk assets such as equities. Not surprisingly, investors are on the sidelines ahead of the jobs report. At last check, the Dow Jones and the NASDAQ were trading lower, while the S&P 500 was marginally higher.

Despite a pullback in the broader market, shares of The Guitammer Co. (OTCPK:GTMM) are bucking the trend. Based in Westerville, Ohio, Guitammer is a leader in low frequency audio products and broadcast technology. The Guitammer Company's patented and patent pending broadcast technologies, "4D Sports powered by ButtKicker", enables the excitement, impact and feeling of live sporting events to be broadcast along with the sound and video, and puts the viewer into the action, whether at home or at the event. The technology is available for cable, satellite, fiber optic, IPTV and over-the-air broadcasts.

Guitammer shares are gaining after the company announced that it shipped equipment for a combined 17 new auditoriums totaling over 3,700 ButtKicker®-enabled seats for installations at movie theater exhibitors in the US and China in the third quarter of 2016. In addition, the company said that it has a backlog of purchase orders for 18 auditoriums totaling over 3,500 more ButtKicker-enabled seats. These additional auditoriums are expected to open during Q4 of 2016 or in Q1 of 2017, and shipments will be made as required by the exhibitor's respective installation schedules.

During Q3, 14 auditoriums representing approximately 2,900 new ButtKicker-enabled seats were shipped in the US and 3 new auditoriums with approximately 800 seats were shipped to China.

Mark Luden, President at Guitammer, said that the company is very pleased that the two U.S. cinema market leaders continue their growing deployment of ButtKicker products in conjunction with Premium Large Format (PLF) theater expansion plans.

At last check, GTMM shares were trading 2.06% higher at $0.0569 on volume of 13,000, which is more than 3x the daily average volume of 3,547. Despite today’s optimism, shares of GTMM are trading at the lower end of their 52 week trading range.

Copyright © 2016 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.