American Penny Stocks in Play:
LyfeTec, Inc.: announced that it has signed a letter of intent to acquire Macada Design Group, Inc. -- a world wide apparel entity with a strong driving force that was formed to act as a holding company for three other design corporations which will soon sign agreements to merge. Deanna Hodges will become the CEO of the surviving corporation. Along with all Subsidiaries, LyfeTec has negotiated an agreement with an OTCBB company soon to be announced; as of June 30, 2009 all shareholders of record shall be issued shares in the new OTCBB company.
LyfeTec, Inc. (PINK SHEETS:TSHL) closed up $0.0001 at $0.0002 or 100% on the letter of intent announcement.
GigOptix Inc.: announced the booking of a $1.46M purchase order for its ultra long reach Mach-Zehnder Modulator (MZM) drivers. The order, from a large European customer for undersea optical network cable drivers, is to be delivered in full during the second half of 2009.
GigOptix Inc. (OTCBB:GGOX) closed up $0.15 at $2.00 on the purchase order announcement.
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