Medis Technologies: Stock Up 30% On Microsoft News

| About: Medis Technologies (MDTL)

I put a call into Medis Technologies' (OTC:MDTL) CEO Bob Lifton on Friday about his company's press release that said Microsoft (NASDAQ:MSFT) is the first commercial customer for its cell phone/electronic device recharger.

Lifton always takes my call, though he considers me the "enemy," so we'll see if he does this time. The press release, which got the stock juiced by more than 30% at one point, said the products bear a Microsoft brand. Lifton was quoted as saying, "We are pleased to be able to serve Microsoft as our first customer."

However, there were no other details about the size of the sale, potential contribution to profits or even what Microsoft might use this fuel-cell product for. I also have a call into Microsoft, for confirmation; a spokeswoman says the company will try to track it down.

MDTL 1-yr chart: