Top Closers with Big News

The service industries reported unexpected growth in June sending the growth rate to its fastest pace in 14 months. The service industry, which makes up almost 90 percent of the economy, is helping to stabilize the economy from the fallout in the housing sector.The large caps saw mixed effects from the economic news today providing the S&P and NASDAQ with gains and the Dow Jones retreating. The same effects trickle down to the Microcaps even as we inch closer to the bell companies shares continue to move, reflecting news and press releases posted throughout the day. The following companies closed…

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My Vintage Baby (MVBY.PK) Beats Q2 Distribution Channel Expectations

New to the Pink Sheets, My Vintage Baby Incorporated (Pink Sheets: MVBY) achieved an improvement in their share price this morning after it beat expectations this past quarter for the number of new stores that will carry its children's clothing line. The company was able to gain 13 cents, to $1.02 cents, or a gain of 15 percent on volume of 428 thousand at 12:51 CST.My Vintage Baby was able to add an additional 100 new stores over this past season that carry their children's fashion line. The fashion line is now featured in over 533 stores nationwide consisting of…

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Transnational (TAMG.OB) Makes Travel Easier on Journalists

Transportation expert Transnational Automotive Group (OTCBB: TAMG) recently made news when it announced that its inter-city bus division, LeCar Cameroon, had signed an agreement with the National Syndicate of Cameroon Journalists (SNJC) to improve the reporters' access to "efficient, cost-effective transport" by offering reduced bus fares to journalists traveling in Cameroon's sprawling urban centers.According to a statement released by the company, "qualifying journalists" will receive a 16.7 percent reduction in their fare. "We are honored to be chosen as the official carrier for SNJC from among the many inter-urban options available," Cyrille Tollo, general manager of LeCar Cameroon, said in…

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Samsonite (SAMC.OB) Gets Bagged by CVC Capital

Shares of Samsonite Corporation (OTCBB: SAMC) jumped up today after news of its acquisition by CVC Capital Partners surfaced. In early trading today, SAMC was up 11 cents (8 percent) to $1.44 per share on volume of 470,728 shares.SAMC entered into a definitive merger agreement to be acquired by funds managed and advised by CVC Capital, a leading global private equity firm. The all-cash transaction is valued at approximately $1.7 billion, including the assumption of debt. Marcello Bottoli, CEO of SAMC, said in a press release: "We believe that this transaction delivers excellent value to all our shareholders. I am…

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SEC Takes Aim at AmeriFirst

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Cyber Digital (CYBD.OB) Acquires Two Companies

Software designer and developer Cyber Digital Inc. (OTCBB: CYBD) announced that it had acquired two “profitable” telephone companies last week, adding former eLEC Communications Corp subsidiaries New Rochelle Telephone Corp and Telecarrier Services Inc. to Cyber Digital’s services.According to the release, Cyber Digital acquired these two companies on “cashless basis” by assuming $1.3 million of debt from both companies in addition to receiving more than 800,000 restricted shares of common eLEC Corp stock. Despite the acquisition, services for both companies have continued as normal; these companies will “operate as separate business units of Cyber Digital and have minimal or no…

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Movie Gallery (MOVI) Shares Plummet in Midst of Financial Woes

It wasn't such a bright day for Movie Gallery (Nasdaq: MOVI) as shares continued to slide down the charts. At the close yesterday, shares were down $1.23, or 65 percent, to 66 cents on volume of 26 million.Shares of the second-largest store-based U.S. movie rental company began to slip near the end of June, taking a dive yesterday morning after the company announced that it is unable to meet some of its financial covenants and is talking with lenders to pursue options including a possible merger or sale of the company, or a strategic alliance. Movie Gallery's same-store sales have…

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