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There is important breaking news coming from Kelyniam Global,
Inc. (OTCBB: KLYG), and the company should have investors
monitoring the stock closely. Yesterday after the markets closed,
the company, an advanced Engineering and Rapid Prototyping Company
specializing in CADCAM technology, issued a press release
announcing that negotiations have begun to acquire Canadian
Technology Firm, Bimen Business Consultants as a wholly owned
subsidiary.
Great news for the company! James Ketner, President and CEO of
Kelyniam Global, Inc., stated: "The merger will add significant
shareholder value, and will position Kelyniam with future
opportunities which will allow us continued growth, and to operate
at very high profit margins. Bimen Business Consultants has been
operating profitably for over 20 years. This merger alone has the
potential to significantly raise the 2009 earnings forecast we
released on July 22, 2008. Since revenue generated from the
acquisition will be in Canadian dollars, Kelyniam will now have
earnings diversity across more than one currency."
The President of Bimen Business, Mr. Tom Caringi, has agreed to
make a significant investment in Kelyniam to reassure management
and shareholders of his long term commitment to the success of the
merger. Mr. Caringi founded Bimen Business Consultants in 1987 and
will continue to manage and oversee all operations of Bimen under
Kelyniam Global, Inc.
Investors are urged to continue to monitor the progress of the
company!
Before the news was released, the stock closed Monday at Thirty
cents a share.
For Wall Street News Alert's in-depth profile of Kelyniam
Global, Inc., visit
http://www.WallStreetNewsAlert.com/HotStocks/KLYG072808/default.aspx.
Intel Corp. (NASDAQ: INTC) down 1.5% on 49.8 million shares
traded.
Intel, the world leader in silicon innovation, develops
technologies, products and initiatives to continually advance how
people work and live.
3M (NYSE: MMM) down 1.8% on 4.8 million shares traded.
A recognized leader in research and development, 3M produces
thousands of innovative products for dozens of diverse markets.
3M's core strength is applying its more than 40 distinct technology
platforms -- often in combination -- to a wide array of customer
needs.
EMC Company (NYSE: EMC) down 0.7% on 25.9 million shares
traded.
EMC Corporation is the world's leading developer and provider of
information infrastructure technology and solutions that enable
organizations of all sizes to transform the way they compete and
create value from their information.
Market Commentary:
"On Thursday, investors will see the first report on gross
domestic product for the second quarter. Economists polled by
Thomson Financial/IFR expect the Commerce Department to report that
gross domestic product rose thanks in part to the government's tax
rebate checks," stated Sonja Rudd in Wall Street News Alert's daily
commentary continued at: http://www.WallStreetNewsAlert.com.
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