Small Cap News Movers for 11/18/09

Fortinet® (NASDAQ: FTNT) today announced its initial public offering of 12,500,000 shares of its common stock at a price to the public of $12.50 per share. Of the shares in the offering, 5,781,683 shares are being offered by the company and 6,718,317 shares are being offering by selling stockholders. In addition, Fortinet has granted the underwriters a 30-day option to purchase up to an additional 1,875,000 shares of common stock to cover over-allotments, if any. The stock closed at $16.62, up 32.96%, on 13,609,854 traded shares.

Chromcraft Revington, Inc. (NYSE AMEX: CRC) yesterday reported improved third quarter 2009 operating results. The net loss for the current quarter was reduced by over 90% from the same period in 2008 and over 60% as compared to the second quarter of 2009. The Company’s third quarter sales were $16.0 million, which were up 10% from the second quarter of 2009, but down 31% from the third quarter of 2008. The stock closed at $2.00, up 43.88%, on 174,041 traded shares.

China Green Agriculture, Inc. (NYSE AMEX: CGA) announced that the National Taxation Bureau of Yangling Hi-tech Development Zone has recently approved a value-added tax ("VAT") exemption for Shaanxi Techteam Jinong Humic Acid Product Co., Ltd. Jinong previously was paying a VAT rate of 13% for producing and distributing humic acid-based compound fertilizer products. The application was submitted to the local Taxation Bureau in May 2009. The stock closed at $16.57, up 26.30%, on 3,859,275 traded shares.

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