StockGuru Morning Alerts for Tuesday, May 22, 2007 Featuring Andover Medical, Genesis Technology, Tootie Pie, and Deep Blue Marine
Andover Medical, Inc. (OTCBB: ADOV)Andover Medical, Inc. (OTCBB: ADOV) - Monday’s shares decreased 11.76% to $0.60. 189,010 was the volume. Andover Medical, Inc. announced on May 18th that it has closed the acquisition of Ortho-Medical Products, Inc. (”OMI”). Edwin Reilly, Chief Executive Officer of Andover Medical, Inc., said, “In this particular transaction and in the additional ones in process, some of the best informed, experienced, and knowledgeable owners and CEOs in the DME space are in various stages of negotiation to sell their companies to Andover Medical for consideration which has a large component of Andover Medical stock. With each…