Each morning, the exchanges come alive – and finding a company with news to back its movement allows MN1 to bring you updates each morning and afternoon to keep you on top of the small and micro-cap markets. The following companies released news late yesterday evening or early this morning:Shares of Integrated Media Holdings Inc. (OTCBB: IMHI) were up 2 cents, or 50 percent, to 6 cents on volume of 127,040 this morning. Today the company announced its subsidiary Endavo Media and Communications Inc. has been selected to provide “peer-to-peer” and flash video services to Spawn.tv, the new on-demand video service for SpawnPoint. SpawnPoint is an online multi-player gaming portal, owned and operated by PHXX LLC.
Alteon Inc. (NYSE: AAA) shares climbed $0.005, or 9 percent, to 6 cents on volume of 80,500 today, an increase reflecting yesterday’s news that the company signed a $32 million acquisition contract with the worldwide effect pigmets business of the Wholstenholme Group Ltd. The Whostenholme Group consists of bronze and aluminum pigments, as well as printing inks used for graphic arts, coatings and plastic industries. According to the press release, Wholstenholme generated $38 million in sales last year.
Shares of Swiss Medica Inc. (OTCBB: SWME) jumped $0.0035, up 70 percent, to $0.0085 on volume of 255,500 this morning, rocking from yesterday’s news the company filed its 10KSB for the fiscal year 2006 and its 10QSB for the three months ended March 31, 2007. The company announced it has “undertaken a restructuring” of its balance sheet, focusing on debt reduction.
