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SmallCapNewsRelease:(OTC: ITNS) Receives $128 Million Valuation From Hanover Federal Capital Corp


JERICHO, NY—(SmallCapNewsRelease)—December 12, 2011, Itonis, Inc (OTC: ITNS) released the valuation report issued by Hanover Federal Capital Corp. which was prepared as part of the due diligence process for the acquisition of Paramount Discoveries.
The report ( states that post-acquisition, Itonis and Paramount could be valued at over $128 million due in part to the Electro-Magnetic Frequency Technology used in magnetizing elements and compounds.
Paramount Discoveries’ ability to create and sustain an indefinite magnetic moment in these natural elements and compounds is expected to generate unprecedented applications in the industrial, manufacturing, mining, agricultural, and “green” technology sectors. Paramount Discoveries is making its Electro-Magnetic Frequency Technology available for licensing in 2012.
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SmallCapNewsRelease gainers are Alimera Sciences, Inc (NASDAQ: ALIM) Broadway Financial Corp (NASDAQ: BYFC) Royal Bancshares of Penn (NASDAQ: RBPAA) Sun Healthcare Group (NASDAQ: SUNH) Rada Electronics (NASDAQ: RADA) Vulcan Materials Company (NYSE: VMC) Lantronix, Inc (NASDAQ: LTRX) OxiGene, Inc (NASDAQ: OXGN)
SmallCapNewsRelease decliners are Castle & Co (NYSE: CAS) Diamond Foods, Inc (NASDAQ: DMND) Pinnacle Airlines (NASDAQ: PNCL) Pointer Telocation (NASDAQ: PNTR) StemCells, Inc (NASDAQ: STEM) Nexxus Lighting (NASDAQ: NEXS) WSB Holdings (NYSE: WSB) Quantum Fuel (NASDAQ: QTWW)
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