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Penny Stocks in Focus: (OTCQB: AAMRQ), (OTCQB: IWEB)


New York, NY -- (ReleaseWire) -- 01/04/2013 --AMR Corporation (OTCQB: AAMRQ) 0.836 -0.023 (-2.68%).

AMR Corporation is currently contemplating issuing tickets without any penalty charges. The airlines had collected $390 million in penalties in the first 9 months of 2012. The company is going through Chapter 11 bankruptcy procedure. AMR Corporation (AMR) operates in the airline industry. The Company’s principal subsidiary is American Airlines, Inc. (American). As of December 31, 2011, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. MR Eagle Holding Corporation (AMR Eagle), a wholly owned subsidiary of AMR, owns two regional airlines, which do business as American Eagle - American Eagle Airlines, Inc. and Executive Airlines, Inc.

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IceWEB, Inc.(OTCQB: IWEB) 0.0600 -0.0040 (-6.25%) .

IWEB announced that it has consummated an Exclusive Reseller Agreement with CodeLathe, a pioneer in Personal Cloud products and services including the Tonido personal cloud software with over a quarter of a million users. IceWEB will act as CodeLathe's Exclusive Reseller Partner for Tonido, providing all hardware requisite for data centers plus all client capabilities. Of enormous benefit to IceWEB is the lead sharing component of the agreement, opening a window of opportunity for IceWEB's products that is unprecedented. IceWEB, Inc. (IceWEB) manufacture and market unified data storage, purpose built appliances, network and cloud attached storage solutions and deliver on-line cloud computing application services.

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