Breaking News Alert: SNET Is Wednesday's Active Stock to watch with $1Mil Acquisition News Released

   FinancialNewsMedia.com "stocks to watch" for today: Sourcinglink.net, Inc., (PINKSHEETS: SNET), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), Quest Software Inc. (NASDAQ: QSFT), Demand Media, Inc. (NYSE: DMD).

Breaking News Headline for SNET: Sourcinglink.net, Inc. Inks $1 Million Acquisition of Premium Class Automobiles Signs New Program Members for Alliance Auto Group

Sourcinglink.net, Inc., (PINKSHEETS: SNET) subsidiary Alliance Auto Group announced it has, through a $1 million transaction, acquired both a new fleet of Premium Class Automobiles and improved SNET Membership Clients list by completing the resigning of members from a failed regional competitor. Fueled by the recent growth and continued expansion of Alliance Auto Group, the Company has identified opportunities to further increase memberships, via the acquisition of smaller, sole proprietorship-owned companies.

Alliance Auto Group management commented, "This growth by acquisition strategy facilitates a rapid expansion for the company. Following this recent merger and further planned acquisitions of smaller rental companies, we envision quickly ramping up to 1000 automobiles available to our current and future members in SNET's Alliance Auto Group Fleet."

Read the entire SNET press release announcing exciting new developments along with their full disclosure here: http://www.financialnewsmedia.com/stock-investing-business-investing-news/featured-news.php?id=153

Sourcinglink.net, Inc., (PINKSHEETS: SNET) appears to be an emerging company that investors are urged to begin researching immediately.

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Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) was up in today's premarket after skyrocketing 25% yesterday, as briefing documents posted suggest the company may have provided the FDA with enough new information to alleviate concerns about the risk of tumors and heart problems with its lorcaserin obesity drug. BMO upgrades shares and raises its price target to $7 from $1.

Quest Software Inc. (NASDAQ: QSFT) which agreed to be bought by Insight Venture Partners for $2 billion, said it received multiple alternative proposals during its go-shop period. "The alternative proposals are reasonably expected to lead to a superior proposal," the enterprise systems management software maker said in a statement..

Demand Media, Inc.(NYSE: DMD) -- The Santa Monica, Calif.-based online content and social media company reported first-quarter adjusted earnings of $5.9 million, or 7 cents a share, on revenue of $82.9 million, up 8% from year-ago levels.

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