Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, August 14, 2009

Article Excerpt

GREY ISLAND SYSTEMS INTERNATIONAL $0.36, symbol GIS on Toronto, has risen almost 30% over the last week. That’s after it received a friendly takeover offer from WebTech Wireless (symbol WEW on Toronto). Under the offer, Grey Island shareholders will receive 0.30 of a WebTech share for each Grey Island share they hold. Based on WebTech’s current trading price, that translates to $0.40 per Grey Island share. WebTech’s technology integrates the Global Positioning System (GPS), wireless communications and the Internet to provide fleet operators with real-time information about the location and status of their vehicles. The company’s main product is Quadrant, a GPS-based fleet-management system that lets dispatchers know where their vehicles are at any time. Quadrant is used in over 45 countries. WebTech aims to set itself apart from other vehicle-management companies by offering extra services. For example, Quadrant provides mapping, reporting, maintenance, driver status and in-vehicle navigation, in addition to automatic vehicle location. In the three months ended June 30, 2009, revenues rose…

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