Rave Restaurant Group Inc [NASDAQ: RAVE]
Rave Restaurant Group Inc is up by over 300% this morning and gaining. This follows the company’s announcement that had just hired two new seasoned executives to spur up its development. The new executives are Darren Webb and Dion Firooznia.
Webb will be the new director of development for Rave as well as supporting both Pie Five Pizza and Pizza Inn, while Firooznia will be the Pizza Inn franchise business consultant. These two individuals bring in a range of experiences that will see Rave develop in Carolinas where both are based. The two form a formidable team for the benefit of Rave Group, having worked together before at Bojangles’ restaurants as executives where they both saw the growth of Bojangles in their respective capacities.
Hill International Inc [NYSE: HIL]
Hill International Inc is another top performer this morning and is up by over 10% pre-market. The leading managing construction risk company has stated that it has been awarded a contract to provide project management services for the renovation of Kasr al-Ainy Hospitals Development for Cairo University in Egypt. The company is tasked with providing the project management service through the design, procurement, and execution processes. They will also be responsible for building any additional facility buildings if needed.
Waleed Abdel Fattah, the Senior Vice President of Hill International in North Africa, said in a statement that they are committed to providing efficient services that will see the Iconic Kasr Al-Ainy legacy continues and enable personnel there to provide world-class services. The project, he said will be completed in due time and within the specified budget.
Ocean Power Technologies Inc [NASDAQ: OPTT]
This stock is another top performer pre-market and is up by over 37% pre-market. This follows news that the company has entered into an agreement with Aspire Capital Fund and LLC that will see the power technology company sell common stock worth about $12.5 million. This agreement will run for 30 months and will see Ocean Power get funds to purchase more machinery like PowerBuoys to meet potential energy demands.
The company will also see the advancement of existing projects and initiate new solutions in their bid to provide efficient ocean energy to their clients. The company’s President George H. Kirby said that they are excited about this development that will see them access flexible capital on a cost-effective basis.