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Micro-Cap in News; SurgLine International Inc. (SGLN)

By Warren Paige

SurgLine International Inc. (PINK: SGLN), a distributor of high quality FDA approved medical and surgical products at discount prices, today, announced that it acquired Eden Surgical Technologies LLC.

A Texas Limited Liability Company, Eden distributes trauma products. Commenting on the development, Thomas Toland, CEO of SurgLine, said that SGLN is pleaded to announce that it acquired Eden Surgical Technologies pursuant to a Share Exchange Agreement in exchange of 50 million shares of restricted common stock of the company.

Toland said that the acquisition of Eden will substantially expand SGLN’s line of trauma products while providing the company with pricing which will give it a competitive advantage in the marketplace. Toland added that SGLN will have an immediate access to products that are crucial to its acute care hospital clients in particular.

SGLN shares are seeing huge activity in trading today. At last check, the stock was trading at $0.0009 on volume of 4.95 million.

May 17th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.