Monday's Trading List: AASI, EXTR, FSYS, ENCS
August 11 2008 - 8:34AM
Marketwired
Our list of stocks to watch are: All Asia Licensing Inc.
(PINKSHEETS: AASI), Extreme Networks, Inc. (NASDAQ: EXTR), Fuel
Systems Solutions Inc. (NASDAQ: FSYS), Encore Energy Systems
(PINKSHEETS: ENCS).
Dow futures point to a higher open on Monday even as the price
of crude rose over $1.00 in early trading even as speculation
mounts that oil will continue to slide to the sub $100 range. US
Dollar rose for the week and continues to look strong.
All Asia Licensing Inc. (PINKSHEETS: AASI) announced that it
entered into a Letter of Intent with an international bio research
and marketing firm to manufacture and distribute in China the
research company's proprietary cattle test for BSE (Bovine
Spongiform Encephalopathy), better known as "Mad Cow" Disease
valued at between $100-$150 million.
Extreme Networks, Inc. (NASDAQ: EXTR) today announced its
intention to commence a "modified Dutch auction" tender offer to
purchase $100 million worth of its common stock at a price per
share not less than $3.30 and not greater than $3.70.
Fuel Systems Solutions Inc. (NASDAQ: FSYS) -- An improved annual
sales forecast helped send FSYS soaring on Friday. The stock was up
more than 28% on the day.
Encore Energy Systems (PINKSHEETS: ENCS) announced today it has
executed a Letter of Intent to merge with BioConversions
International. BioConversions reports over $17,000,000 in projected
sales with net earnings of approximately 12%.
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