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IMX Implant Sciences: stock finds modest bid on Athens contract, while IPIX trades 76x more volume (11.88*+0.76)
As online trading rooms and message boards continue to speculate on the possibility of momentum favorite IPIX Corp (IPIX 12.55 +0.51) receiving an Olympics contract, there are companies actually announcing deals in Athens*that are regularly overlooked. The latest is Implant Sciences (IMX), which this morning announced that Golsalia Trading Ltd., Athens, Greece has issued a purchase order for delivery of the*co's*explosive detection equipment for use during the games of the XXVIII Olympiad in Athens, Greece. Golsalia indicated the equipment will be used to check for explosives at a variety of high risk areas, including the New Athens International Airport. The Company's explosives detection equipment will be utilized to screen trucks and other traffic carrying supplies or entering the airport and other high risk areas. Today, IMX has traded up 7% on just slightly above-average volume of 125k. IPIX has advanced as much as 7% today on 9.5 mln shares, despite having no news and in the face of disclosure in its last earnings release that Security revenues were just two thousand dollars for the qtr, which was down from five thousand in the yr-ago period.
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