Benzinga's Microcap Movers for Tuesday June 5, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Shares of Information Architects (IACH), the Orlando, FL worldwide marketing and distribution company, rose 87.50% Tuesday on almost 8 times the average daily volume.
Information Architects Corporation announced Tuesday that it has named former AIG executive J. Russell Dorsett as its new Chief Executive Officer. Mr. Dorsett will be primarily responsible for implementing Information Architects' aggressive new growth strategy, including the integration of new business strategies and initiatives which are already in progress. Mr. Dorsett will also be responsible for identifying and expanding additional new business ventures for IACH. In addition to being the CEO, Mr. Dorsett will also join the Board of Directors of the corporation and assume the role of Chairman.
Information Architects closed at $0.02 on Tuesday.
Shares of Bridgeline Digital (NASDAQ: BLIN), the Burlington, MA developer of web experience management software suite and interactive business technology solutions, rose 59.60% Tuesday on 24 times the average daily volume.
Bridgeline Digital announced Tuesday that UPS (NYSE: UPS) and Bridgeline have signed a multi-year agreement to offer B2B and B2C eCommerce web stores with an end-to-end offering comprised of Bridgeline's Total eCommerce solution and UPS logistics and fulfillment services.
"Fulfillment and delivery are critical to the customer experience in eCommerce," stated Alan Amling, Marketing Director for UPS Global Logistics and Distribution. "Through this alliance with Bridgeline and the iAPPS Product Suite, UPS is making it easier for more businesses to tap into a world class end-to-end platform engineered to support their business needs."
Bridgeline Digital closed at $2.41 on Tuesday.
India Globalization Capital
Shares of India Globalization Capital (NYSE: IGC), the Bethesda, MD integrated infrastructure company in India and China, rose 19.13% Tuesday on almost twice the average daily volume.
India Globalization Capital announced Monday the creation of an advisory board for China. The members will advise the Company's directors and management on business transactions, mergers and acquisitions, corporate governance, including internal controls in China and in general act as a panel of experts. The initial members have extensive experience in Inner Mongolia Autonomous Region, China, where the Company has articulated a strategy of acquiring mines. Inner Mongolia is a vast area in China that has some of the largest deposits of Iron Ore, Copper, Coal, Gold and 90% of the Chinese rare earth minerals.
India Globalization Capital closed at $0.27 on Tuesday.
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