Top Penny Stock Gainers Today include JCDA, PRWT, ALAN

Active Penny Stocks in the News

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Jacada Ltd. (NASDAQ: JCDA) surges 20.29% in morning trading to $1.7803 with 1M shares traded. Jacada Ltd. (Nasdaq: JCDA), a leading provider of customer experience and process optimization solutions, today announced that it has entered into a material agreement with a new customer, a large U.S.-based provider of digital television services.

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PremierWest Bancorp (NASDAQ: PRWT) reached up 28.30% in morning trading to $.68 with 5M shares traded. PremierWest Bancorp is a financial services holding company headquartered in Medford, Oregon, and operates primarily through its subsidiary PremierWest Bank. PremierWest Bank offers expanded banking-related services through two subsidiaries, Premier Finance Company and PremierWest Investment Services, Inc. PremierWest Bancorp (Nasdaq:PRWT), the parent company of PremierWest Bank , today announced the successful completion of its common stock offering, raising $33.3 million in gross proceeds from the sale of 75,607,765 shares.

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Alanco Technologies, Inc. (NASDAQ: ALAN) was up 16.64% in morning trading to $.2741 with 1M shares traded. Alanco Technologies, Inc., together with its subsidiaries, provides information technology solutions in the United States. It operates in two segments, RFID Technology and Wireless Asset Management. Alanco Technologies, Inc. (NASDAQ: ALAN - News) and ORBCOMM Inc. (NASDAQ: ORBC) today announced a major strategic investment by ORBCOMM, a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications and leading provider of space-based Automatic Identification System (AIS) services. ORBCOMM purchased 500,000 shares of Alanco Series E Convertible Preferred Stock for a total investment of $2,250,000 ($4.50 per preferred share convertible into 12 common shares), and entered into a Product/Software Development Cooperation Agreement for Alanco’s StarTrak Systems subsidiary to develop, manufacture and market new products featuring dual-mode cellular and ORBCOMM satellite communications capabilities, to operate over the global ORBCOMM communications networks.

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