Nexxus Lighting, Inc. (Nasdaq:NEXS) reached up 42.08% in morning trading to $3.68 with 400K shares traded. Nexxus Lighting, Inc. is a leader in advanced LED lighting technology, including solid-state LED replacement light bulbs and linear strip lighting products used in commercial, architectural, signage and retail lighting. Nexxus Lighting sells its products under its Array™ Lighting and Lumificient brand names. Nexxus Lighting, Inc. (Nasdaq:NEXS - News) today announced the Nexxus' Array™ brand of premium LED light bulbs will be offered on Lowes.com and in 1,100 Lowe's stores across the United States. The bulbs will be available to consumers beginning June 2011.
Westell Technologies, Inc. (NASDAQ:WSTL) reached up 13.01% in morning trading to $3.30 with 190K shares traded. Westell Technologies, Inc., headquartered in Aurora, Illinois, is a holding company for Westell, Inc. and Conference Plus, Inc. Westell, Inc. designs, distributes, markets and services a broad range of broadband customer-premises equipment, digital transmission, remote monitoring, power distribution and demarcation products used by telephone companies and other telecommunications service providers. Conference Plus, Inc. is a leading global provider of audio, web, video and IP conferencing services. Westell Technologies, Inc. (NASDAQ:WSTL - News) today announced that it has entered into a definitive agreement to sell substantially all of the assets of Westell's Customer Networking Solutions division (other than certain retained business and Westell's HomeCloud business) to NETGEAR, Inc. for $33.5 million in cash, subject to certain adjustments. For the 12 months ended December 31, 2010, revenue attributable to the CNS business being sold was approximately $39.5 million and revenue attributable to the retained CNS business was approximately $40.4 million. The retained business is expected to account for significant revenue in Westell’s fiscal year ending March 31, 2012. The transaction is subject to a number of closing conditions, including Westell having obtained specified third-party consents. The transaction is expected to close during the second calendar quarter of 2011.
Hawaiian Hospitality Group, Inc. (PINK:HHGI) reached up 33.33% in morning trading to $.0004 with 250M shares traded. Hawaiian Hospitality Group, Inc. is a growing provider of sustainable land use solutions and event services. The company draws on environmental engineering expertise to identify, design, develop and operate destination sites that provide environmental and commercial revitalization for Hawaii's coastal properties. Hawaiian Hospitality Group employs innovative approaches to land use that create profitable enterprises while restoring and preserving the beauty and natural resources of the Hawaiian Islands. The company generates revenue from venue fees, catering services, wedding planning and other services on the destination sites it develops, maximizing value while minimizing the ecological footprint of its operations. Hawaiian Hospitality Group, Inc. (Pinksheets:HHGI - News) is pleased to report a significant increase in event sales for its eco-friendly Loulu Palm Estate destination property. To date, Hawaiian Hospitality Group has booked eighty-five events for 2011 and twelve for 2012.
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