Zoom Technologies Inc. (NASDAQ: ZOOM) is trading at $8.70 up $0.45 or 20% on heavy volume of 460k.
Today announced that the Company's previously disclosed acquisition target, Leimone Culture, has signed an agreement with China Central Television (CCTV), the major state television broadcaster in China, with 19 channels broadcasting to more than one billion viewers. According to the agreement, Leimone Culture will provide approved media content to CCTV's mobile users and will bundle CCTV.com's mobile TV access link onto Zoom's branded "Leimone" mobile phones and onto Zoom’s OEM customers' phones. ZOOM is now in a position to benefit from mobile video content. Zoom expects to finalize the acquisition of Leimone Culture by mid-year 2010.
SunLink Health Systems Inc. (AMEX:SSY) is trading at $3.85 up $0.88 or 30% on heavy volume of 204k.
The company continues to run in the wake of the health care bill. This is the second day it’s made a big move, continue to watch SSY and the hospital sector in general as the day moves on.
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