May 12, 2008 (M2 PRESSWIRE via COMTEX) -- Maxwell Media Marketing's Real Stock Discoveries Market Movers and Shakers for today and tomorrow are: Innolife Pharma, Inc. (Pink Sheets: INNP), Galloway Energy Inc. (Pink Sheets: GWGI), Cannon Exploration Inc. (Pink Sheets: CNEX), Bell Microproducts Inc. (Pink Sheets: BELM), Radyne Corporation (NasdaqGS: RADN), Comtech Telecommunications Corp (NasdaqGS: CMTL)
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MOVERS AND SHAKERS:
INNOLIFE PHARMA, INC. - Product acquisition.
Innolife Pharma, Inc. (Pink Sheets: INNP) is trading up 267% on heavy volume on the news of May 12, 2008 that the Company has been in discussion over the previous eight months regarding the formation of a joint venture partnership. INNP has reached a point in these negotiations where final written terms have been submitted on all key issues which could lead to the Company's very first product acquisition. It should be noted that this process evolved methodically over this extended period due to the successful, long term history of the product involved, and the well-established reputation of its founding corporation. To read the entire story, click here: http://biz.yahoo.com/prnews/080512/to284.html?.v=71 GALLOWAY ENERGY INC. - New Director, Gold on the rise.
Galloway Energy Inc. (Pink Sheets: GWGI) is trading up 195% on early trading on the news of Friday, May 09, 2008 announcing that Francis D.A. Forbes III has agreed to represent the company on its Board of Directors. The addition of Mr. Forbes will serve the company's need for expansion into the North American mineral markets as he specializes in introducing companies to Mexico. To read the entire story, click here: http://biz.yahoo.com/iw/080509/0395691.html CANNON EXPLORATION INC. - More Gold News.
Cannon Exploration Inc. (Pink Sheets: CNEX) is trading up 12% on early trading on the news of May 12, 2008 that it has entered into a Letter of Intent (LOI) agreement with IPMG Inc., an Ontario mineral resource exploration company, whereby IPMG has agreed to grant to Cannon Exploration Inc. an option to purchase up to 100% interest in the old "Queen Alexandria" gold mine, located in Northern Ontario. To read the entire story, click here: http://biz.yahoo.com/iw/080512/0395890.html BELL MICROPRODUCTS INC. - Accounting adjustments.
Bell Microproducts Inc. (Pink Sheets: BELM) is trading up 18% on early trading on the news of May 12, 2008 that announced the completion of the independent review of certain historical accounting practices conducted by a special committee of the Board of Directors. As previously announced, the special committee was appointed to review the Company's historical accounting treatment for certain reserves, accruals and other accounting estimates reflected in its previously reported financial statements for the years 2004 and 2005 and the first two quarters of 2006. This review was in addition to the previously-announced independent investigation of historical stock option practices. To read the entire story, click here: http://biz.yahoo.com/pz/080512/142474.html RADYNE CORPORATION and COMTECH TELECOMMUNICATIONS CORP - Merger news
Radyne Corporation (NasdaqGS: RADN) is trading up 18% on the news of May 12, 2008 that announced the signing of a definitive merger agreement with Comtech Telecommunications Corp (NasdaqGS: CMTL) pursuant to which Comtech has agreed to acquire Radyne in an all-cash transaction. To read the entire story, click here: http://biz.yahoo.com/pz/080512/142467.html ABOUT REAL STOCK DISCOVERIES
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Public Companies Associated with this story: BELM CMTL CNEX GWGI INNP RADN
Knobias Subject Codes Associated with this story: Major Agreements
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