Small Cap News Movers for 11/13/09

RINO International Corp. (OTCBB: RINO) today announced its financial results for the third quarter of 2009. Net revenues for the third quarter ended September 30, 2009 increased 41.0% to $63.3 million as compared to $44.9 million for the third quarter in 2008. Revenue growth was driven by demand across its product lines, including a significant increase in both wastewater treatment and anti-oxidation systems and coatings sales. The stock closed at $26.66, up 13.64%, on 4,556,186 traded shares.

Maxygen, Inc. (NASDAQ: MAXY) today announced that it is commencing a modified “Dutch Auction” tender offer to repurchase 6,557,377 shares of its common stock, representing approximately 17% of Maxygen’s outstanding shares. The closing price of Maxygen’s common stock on the Nasdaq Global Market on November 12, 2009 was $5.03. Maxygen stated it intends to finance the repurchases from cash on hand. The stock closed at $5.76, up 14.51%, on 696,051 traded shares.

ECO2 Plastics, Inc. (OTCBB: EOPI) announced that its waterless cleaning process was recognized by Popular Science magazine as one of the Top 100 innovations of the year, winning the coveted "Best of What's New" award in the Green Tech category. "We are honored to be recognized by Popular Science Magazine as a company that is making revolutionary strides in the improvement of plastic recycling technology," said Rod Rougelot, CEO of ECO2 Plastics. The stock closed at $0.0076, up 375%, on 108,584,870 traded shares.

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