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Air Industries (AIRI.OB) completes Welding Metallurgy acquisition Graphic_rating_buy AIRIE

Air Industries Group : AIRI.OB announced today that it completed the acquisition of Welding Metallurgy, which it had purchased for approximately $6 million in cash, debt and restricted stock. Welding Metallurgy is a specialty welding and metallurgical engineering provider with trailing twelve month revenues of approximately $5 million. Air Industries claims the acquisition will be immediately accretive to earnings and could create synergies and cross-selling opportunities. CEO Peter Retalliata explained:

<> <> “The acquisition of Welding Metallurgy is an important milestone fo<><><>...
By  The Microcap Speculator   (-1.88%  risk: aggressive)  08/28/07 Comment


We interrupt this carnage to bring you these special announcements AIRIE

I’ll be back later tonight with some thoughts on the macro environment, but even in a week like this there were some company-specific news stories worth noting.

<> Western Goldfields : WGDFF.OB announces second quarter earnings . Obviously, the company is still losing money because of the Mesquite Mine buildout. “Western Goldfields made significant progress in the first six months of 2007 toward bringing the Mesquite Mine into full production,” said Chairman Randall Oliphant. “We have met all of our second-quarter milestones and we have brought forward anticipated full prod<><><><><><><><><><><><><><><><>...
By  The Microcap Speculator   (-1.88%  risk: aggressive)  08/02/07 Comment


Quick Hits (AIRI.OB) Graphic_rating_sell AIRIE
  1. AIRI.OB and Paragon Technologies: PTG were both up big today. I didn’t see any news or SEC filings to explain either move. If you know why, please comment or drop me a note.
By  The Microcap Speculator   (-1.88%  risk: aggressive)  07/18/07 Comment




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ROCK-STAR INVESTORS
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1 noshoes 21.10 +34.44% 381
2 Gerald Greene 18.14 +71.24% 211
3 stockmarketfunding.com 17.66 +25.60% 55
4 akiralegrand 13.47 +14.32% 62
5 anup2104 12.13 +74.22% 40


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