Wall Street News Alert: Breaking News: UYMG -- July 14, 2010
July 14 2010 - 10:59AM
Marketwired
Wall Street News Alert's "stocks to watch" this morning are: Unity
Management Group Inc. (PINKSHEETS: UYMG), Motorola Inc. (NYSE:
MOT), Monsanto Company (NYSE: MON) and Lam Research Corporation
(NASDAQ: LRCX).
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This morning, Unity Management Group Inc. (PINKSHEETS: UYMG)
issued a press release announcing it has entered into a negotiation
for an acquisition that will increase its revenue and assets.
Unity is in a due diligence stage of acquiring a healthcare
related company. In the coming week we will be updating share
holders with financials and corporate information of the target
company. UMGI management feels that this can be a perfect fit and
the company is fully funded.
The funding requirements for the acquisition have been obtained.
Further information will be released in the next 7 business
days.
Unity Management Group Inc. is also proud to announce that it
has completed its disclosure statement, and legal opinion in
respect that these are the listing documents that are necessary to
obtain current status on the OTC markets. We foresee us receiving
our PS status by Friday.
"We are proud to announce these extremely important current
events. As previously mentioned this is a milestone for UMGI, and
the company is working diligently to complete this acquisition, we
will be announcing the outcome of these events within the next
couple of business days. As always the company would like to thank
its past present and future investors," said Michael Oliver, Vice
President.
The stock closed yesterday at around two cents a share.
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Motorola Inc. (NYSE: MOT) as of 10:15am EDT up 3.3% on 8.7
million shares traded. Motorola is known around the world for
innovation in communications and is focused on advancing the way
the world connects.
Monsanto Company (NYSE: MON) as of 10:15am EDT up 2.8% on 2.1
million shares traded. Monsanto Company is a leading global
provider of technology-based solutions and agricultural products
that improve farm productivity and food quality.
Lam Research Corporation (NASDAQ: LRCX) as of 10:15am EDT up
2.8% on 1.5 million shares traded. Lam Research Corporation is a
major provider of wafer fabrication equipment and services to the
world's semiconductor industry.
Market Commentary: Retail spending dropped 0.5 percent in June,
the Commerce Department reported Wednesday. That followed a 1.1
percent fall in May. Excluding autos, spending was down 0.1 percent
in June.
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