Small Cap News Movers for 8/30/10

Gulfstream International Group, Inc. (NYSE AMEX: GIA) announced today that it has received a commitment for an investment of up to $2.5 million from Sah-Vul Strategic Partners, LLC (“Sah-Vul”) that will enable the Company to strengthen its financial position, and enables it to expand its strategic plan with an increased focus on growth and maximization of stockholder value. The commitment includes an initial $1.5 million in the form of a secured convertible note, and provides an option for Sah-Vul to invest an additional $1.0 million. The stock closed at $0.64, up 10.99%, on 31,350 traded shares.

Ebix, Inc. (NASDAQ: EBIX) today announced that it has signed a merger agreement with Atlanta based A.D.A.M., Inc. (NASDAQ: ADAM), a leading provider of health information and benefits technology solutions in the United States. Ebix will acquire A.D.A.M. on a debt-free basis for aggregate merger consideration of $66 million. Under the terms of the merger agreement, unanimously approved by both Boards of Directors, A.D.A.M. shareholders will receive 0.3122 of Ebix common stock for each share of A.D.A.M. common stock in a tax-free reorganization, subject to certain adjustments specified in the merger agreement. The stock closed at $5.46, up 72.24%, on 2,318,155 traded shares.

Ceragon Networks Ltd. (NASDAQ: CRNT) today announced that it has received new orders for its advanced FibeAir(R) platforms from a leading Indian operator. Ceragon’s equipment will be deployed in a number of circles to facilitate the operator’s network expansion. “We are very happy to see that the regulatory process related to security considerations in India is in place and orders are beginning to be released by operators as they receive clearance from the Indian government,” said Ira Palti, President and Chief Executive Officer of Ceragon. “We expect revenue from the current orders to be recognized during 2011, while continuing to target revenue growth in the range of 30-35% for 2010.” The stock closed at $8.60, up 10.54%, on 1,027,040 traded shares.

About QualityStocks:

QualityStocks, based in Scottsdale, Arizona is a free service that collects data from hundreds Small-Cap and Micro-Cap online Investment Newsletters into one Free Daily Newsletter Report. Our name emphasizes the commitment we have to connect subscribers with companies that have huge potential to succeed in the short and long-term future.