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American Penny Stocks in Play:
SpongeTech® Delivery Systems, Inc.: announced that the Company has acquired Dicon Technologies. The acquisition of Dicon benefits SpongeTech® along multiple parallels. With this acquisition, SpongeTech® will obtain the technology that the Company has had exclusive rights to utilize in the manufacturing of their products and enable a more efficient and expeditious R&D process for the expanding of their product lines. In addition, SpongeTech® will acquire all current and future products within Dicon's portfolio.
SpongeTech® Delivery Systems, Inc. (OTCBB:SPNG) closed down $0.0015 at $0.1105 on the acquisition announcement.
Optex Systems Holdings, Inc.: announced that General Dynamics Land Systems, a business unit of General Dynamics, awarded Optex a $3.4 million purchase order for additional ICWS (Improved Commander's Weapon Station) Periscopes. The ICWS Periscopes are a critical component of the M1A2 Abrams Tank; and additionally, Optex is currently manufacturing other plastic periscopes for General Dynamics Land Systems for the M1A2 Abrams Tank. Delivery of the ICWS Periscopes is scheduled to begin in 2011 and continue through 2012.
Optex Systems Holdings, Inc. (OTCBB:OPXS) closed up $0.01 at $0.45 while General Dynamics (NYSE:GD) closed down $0.37 at $51.54 on the purchase order announcement.
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