AllPennyStocks.com U.S. Penny Stocks in Play for May 6, 2009 (TWER, AGXM.OB)
May 06, 2009 (BAYSTREET NEWSWIRE via COMTEX) --
Company: Towerstream Corp (TWER)
MISSISSAUGA, ON, May 6, 2009 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its May 6th U.S. Penny Stock Highlights.
American Penny Stocks in Play:
Towerstream: announced results for the first quarter ended March 31, 2009. Revenues for the first quarter 2009 increased 64% from the first quarter 2008, and increased 6% compared to the fourth quarter 2008. These increases were driven by the continued growth in our customer base. Gross margin increased by 10% in the first quarter 2009 compared to the fourth quarter 2008, and increased by 38% compared to the first quarter 2008.
Towerstream (NASDAQ: TWER) closed down $0.01 at $0.78 on the revenue growth increase announcement.
Argentex Mining Corp.: announced the results of a detailed field-mapping program that was recently completed by the company's geologists at Pinguino. A total of 14 additional line kilometers (8.7 additional line miles) of veins were discovered in 12 new structures. Areas were selected for investigation based upon a combination of anomalous multi-element soil geochemistry, IP chargeability, and ground magnetics as well as extensions to existing structures, including the Yvonne zone. Results from this recent fieldwork include individual samples with values of up to 2.5 grams per tonne (g/t) gold, 10% lead and greater than 300 g/t silver, respectively.
Argentex Mining Corp. (OTCBB: AGXM) closed up $0.02 at $0.46 on the mineralized vein discovery announcement.
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Company: Towerstream Corp (TWER)
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