Top Penny Stock Gainers Today include OOAG, CNTF, BGMO

Active Penny Stocks in the News

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OMDA Oil and Gas, Inc. (Pink Sheets: OOAG) was up 78.95% in morning trading to $.017 with 6M shares traded. OMDA Oil and Gas, Inc. and its wholly owned subsidiaries, OMDA Oil & Gas Management, Inc. and Texas OMDA Drilling & Operating, Inc. and OMDA Oil & Gas, Inc. ( Texas ), are in the business of oil and gas production and lease acquisition. Adam Barnett, Chairman and President of OMDA Oil and Gas, Inc. (PINKSHEETS: OOAG), announces that the company has canceled all existing preferred shares of stock in OMDA Oil and Gas, Inc.

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China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) reached up 28.32% in morning trading to $2.9001 with 1M shares traded. TechFaith is a China -based original developed product provider focused on the original design and sales of mobile phone products. TechFaith is also striving to build a leading PC and online gaming business through its wholly-owned subsidiary, 798 Entertainment Limited. 798 Entertainment Limited currently engages in providing self-developed as well as co-developed and licensed cell phone contents. China Techfaith Wireless Communication Technology Limited (NASDAQ: CNTF) ("TechFaith" or the "Company") announced its unaudited financial results for the first quarter ended March 31, 2010.

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Bergamo Acquisition Corp. (Pink Sheets: BGMO) was up 37.50% in morning trading to $.11 with 730K shares traded. Bergamo Acquisition Corp. is a publicly traded company, headquartered in Nevada undertaking a number of green energy projects in the United States, Pakistan and Canada. Bergamo Acquisition Corp. (OTC Pink Sheets: BGMO - News) today announced the receipt of $75 million USD as the initial funding of the $100 million USD that was previously announced. The funding has been deposited in the accounts of Bergamo FZC, a wholly owned subsidiary of Bergamo Acquisition Corp.

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