Every public company loves to put out good news and see the reflection in its stock price. The following three companies released positive news of some kind today or late yesterday and then watched as their stock prices closed very strong.RIT Technologies (NASDAQ: RITT), one of the leading providers of intelligent infrastructure solutions in the world, announced today it has received a $2.8 million order from a Latin American telecommunications service provider, due for delivery in the third quarter of 2007. Once delivered, it will enable the Latin American telecommunications service provider to complete the first phase of a network-wide infrastructure documentation and mass-qualification program as part of its efforts to provide nationwide DSL services. RIT Technologies stock price rose 17 cents, or 12 percent, to $1.62.
Boston Communications Group Inc. (OTCBB: BCGI) was able to maintain its strong growth this morning throughout the entire day. The announcement that Megasoft Limited would be acquiring the communications company kept the share price growth steady. Boston Communications price increased 71 percent today, or $1.41, to $3.40 on volume near 4.5 million. Megasoft included in the announcement it would acquire BCGI for $3.60 per share of company stock.
Neonode is a Swedish developer of mobile devices and a pioneer of buttonless, touch screen mobile phones. Today the company announced it received a considerable order form the operator Telenor Sweden, for the new Neonode N2, which helped increase the company’s stock price. The order stipulates that Neonode N2 will be distributed starting in September 2007 to Telenor Sweden’s own stores and partner stores. Neonode is currently finalizing additional agreements with several partners in Europe and other major markets. The company is also merging with SBE Inc. (Nasdaq:SBEI) pending SBE shareholder approval on August 10, 2007. SBEI increased its share price $5.09, or 179 percent, to $7.94 on volume slightly greater than 2 million.
Infinity Medical Group Inc. (PINKSHEETS: IMGR) announced today that is has begun trading on the Pink Sheets under the symbol IMGR. Infinity Medical Group is a medical financing company whose primary focus is in servicing the specialty healthcare industry. IMGI stock rose 99 percent today, or $3.70, to $7.45 with trading volume of 33,704.