Orthovita, Inc. (Nasdaq:VITA) reached up 40.11% in morning trading to $3.825 with 22M shares traded. Orthovita, Inc. is a specialty spine and orthopedic company with a portfolio of orthobiologic and biosurgery products. Thier products are based on novel and unique proprietary biomaterials that have innovative mechanisms of action in the body. Thier orthobiologic platform offers products for the fusion, regeneration and fixation of human bone. Thier biosurgery platform offers products for controlling intra-operative bleeding, also known as hemostasis. Thier current fusion and regeneration products are based on thier proprietary Vitoss™ Bone Graft Substitute technology and address the non-structural bone graft market with synthetic, bioactive alternatives to patient- and cadaver-derived bone tissue. Cortoss™ Bone Augmentation Material, an injectable, polymer composite that mimics the mechanical properties of weight-bearing human cortical bone, provides the basis for their fixation portfolio. Thier hemostasis portfolio includes Vitagel™ Surgical Hemostat, a proprietary, collagen-based matrix that controls bleeding and facilitates healing, and Vitasure™ Absorbable Hemostat, a plant-based product that can be deployed quickly throughout surgery. Orthovita, Inc. (Nasdaq:VITA - News) today announced that it has entered into a merger agreement under which Stryker Corporation (NYSE:SYK - News) has agreed to acquire all of the common stock of Orthovita for $3.85 per share in cash which represents a total value of approximately $316 million.
EcoEmisisons Solutions, Inc. (PINK:ECMZ) reached up 47.06% in morning trading to $.25 with 900K shares traded. EcoEmissions Solutions, Inc., a Delaware Corporation, is an innovation company with the first industry-proven, cost-effective and commercially viable technology that substantially improves fuel efficiency and reduces emissions of commercial and industrial diesel engines. The company has an exclusive patent on the delivery system, making this the only technology that can deliver in this manner. EcoEmisisons Solutions, Inc. (PINK SHEETS:ECMZ.pk - News) announced that Paul Rovey has joined the Eco Team as an Advisor and Board Member. Mr. Rovey is a third generation Arizona farmer and is a worldwide leader in the agricultural community. Currently the Chairman of Dairy Inc, Mr. Rovey is also the Vice Chairman of the Dairy Export Council, and a Board Member of the United Dairy Industry Association. He is also a Board Member of Farm Credit Services Southwest. In Arizona, Paul sits on the Governing Board of the Salt River Project and is a Board Member for the Center for Rural Leadership. Additionally, Mr. Rovey represents the Dairy Industry and Agriculture in general on numerous international fronts.
Mobile Data Corp (OTCBB: MBYL) reached up 28.57% in morning trading to $.09 with 1M shares traded. Mobile Data Corp (MDC) is a software development and business solution provider for the convergence of wireless telephony with internet based computer technology. MDC (Mobile Data Corp) announced Friday afternoon, further to its Press Release dated March 18, 2011, that its recently released MDC-KidTracker™ software application has been approved by BlackBerry AppWorld and can be downloaded directly from BlackBerry AppWorld through the following link: http://appworld.blackberry.com/webstore/content/34452?lang=en
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
