PennyTrader.com presents the following stocks to watch today: Capital Bank Corporation (Nasdaq: CBKN), Chembio Diagnostics, Inc. (OTCBB: CEMI), and Optimized Transportation Management, Inc. (OTCBB: OPTZ).
Capital Bank Corporation (Nasdaq: CBKN) reached up 49.38% in morning trading to $2.4499 with 78K shares traded. Capital Bank Corporation, headquartered in Raleigh, N.C., with approximately $1.6 billion in total assets, offers a broad range of financial services. The Company operates 33 banking offices in Asheville (4), Burlington (3), Cary (2), Clayton, Fayetteville (4), Graham, Hickory, Holly Springs, Hope Mills, Mebane, Morrisville, Oxford, Pittsboro, Raleigh (5), Sanford (3), Siler City, Wake Forest and Zebulon. Capital Bank Corporation (Nasdaq: CBKN) (the "Company"), the parent company of Capital Bank, today announced that North American Financial Holdings, Inc. ("NAFH") agreed to invest approximately $181 million in the Company through the purchase of the Company's common stock. The transaction will result in NAFH owning approximately 85% of the Company's common stock.
Chembio Diagnostics, Inc. (OTCBB: CEMI) reached up 20.83% in morning trading to $.29 with 1M shares traded. Chembio Diagnostics, Inc. (OTCBB: CEMI), which develops, manufactures, markets and licenses point-of-care diagnostic tests, reported its results for the third quarter of 2010. Total revenues were $4.51 million for the three months ended September 30, 2010, which compares to total revenues of $4.36 million for the three months ended September 30, 2009, a 3.2% increase. The Company recorded net income of approximately $.17 million, or less than $0.01 per share, for the three months ended September 30, 2010, compared to net income of approximately $.31 million, or less than $0.01 per share, for the three months ended September 30, 2009. Total revenues were $11.04 million for the nine months ended September 30, 2010, which compares to total revenues of $10.28 million for the nine months ended September 30, 2009, a 7.3% increase. The Company recorded net income of approximately $.63 million, or $0.01 per share, for the nine months ended September 30, 2010, compared to a net income of approximately $.09 million, or under $0.01 per share, for the nine months ended September 30, 2009.
Optimized Transportation Management, Inc. (OTCBB: OPTZ) reached up 17.78% in morning trading to $.0053 with 8M shares traded. Optimized Transportation Management, Inc. is growing to become a full-service supply chain logistics company. The Company has begun implementing its plans for helping great companies discover, manage and execute their most effective global supply chain strategies. Optimized Transportation Management, Inc. (OTCBB: OPTZ) has signed a letter of intent to acquire EXP, Inc. , an owner operator based carrier in Chattanooga, TN operating 35 trucks and providing service to a customer base through the Southeast. They also operate a Logistics division. Total revenues are in excess of $7 million.
For a detailed quote on any of the following companies, or to read the full news articles visit PennyTrader.com
About PennyTrader.com
PennyTrader.com is a financial and investor relations website committed to covering the microcap market space including Pink Sheets and OTC Bulletin Board and sub-$5 big board stocks. We strive to provide you with the best stocks alerts in the market! We focus on OTCBB, OTC, penny stocks, sub-$5 big board stocks, and timely stocks picks and alerts. Our goal is to inform you of the HOTTEST stocks in the market before they move. Our staff has years experience in the stock market, and we are confident that you’ll be impressed with the results of our stock picks! If you wish to feature your organization on our website then you can contact us at publisher@pennytrader.com.
Disclosure: PennyTrader.com is not currently being compensated for any stocks covered in this midday report
PennyTrader.com is not a registered investment advisers or broker/dealer. PennyTrader.com makes no recommendation that the purchase of securities of companies profiled in this press release is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the micro cap companies covered and the potential lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. For our full disclaimer go to CLICK HERE
