Nasdaq Large stock market gainers Central Jersey Bancorp (CJBK) and MELA Sciences Inc., (MELA)

(EMAILWIRE.COM, May 27, 2010 ) Windsor, Ontario - FreeHotPennyStocks.com, an online financial publication, provides investors timely stock market alerts. If you are interested in penny stocks that are poised to breakout sign up for our free penny stock newsletter. Each day we send out alerts on different hot penny stock picks. For more free alerts sign up at http://www.freehotpennystocks.com

Central Jersey Bancorp (CJBK) ("Central Jersey"), the holding company for Central Jersey Bank, N. A., jointly announced the execution of a definitive merger agreement which provides for the acquisition of Central of Central Jersey by Kearny in an all cash transaction valued at $7.50 per share and an aggregate deal value of approximately $72.3 million. The definitive merger agreement is subject to approval by Central Jersey's shareholders and applicable banking regulatory authorities. It is anticipated that the merger will close in the fourth calendar quarter of 2010. Kearny's management projects that the transaction will be $0.05 per share accretive to annual GAAP earnings per share in the first full year of combined operations. The dilution to tangible book value per share at close is projected to be approximately 8%.

The transaction will add 13 retail branches in Monmouth and Ocean Counties to Kearny's existing 27 branch network, and will rank Kearny with a 10th place deposit market share in Monmouth County. The Central Jersey offices will be operated under the name "Central Jersey Bank, a Division of Kearny Federal Savings Bank." Kearny will establish a Central Jersey Bank Advisory Board.
Central Jersey shares are up over 125 percent on well above average trading volume.

MELA Sciences Inc., (MELA) announces an FDA panel is to review MelaFind PMA application on August 26, 2010. MELA announces that their pre-market approval application for MelaFind will be reviewed by the General and Plastic Surgery Devices Panel appointed by the FDA on August 26, 2010. The stock was up on the news over 25 percent on above average trading volume.

Freehotpennystocks.com alerts its members on any stocks from penny stocks to NYSE stocks. Our penny stock forum offers free penny stock trading videos, trading software and broker reviews to our members. Our investing forum has discussions on hot penny stocks to long term investments. All the penny stocks that we alert on have above average trading volume, strong news and penny stocks that are moving to the upside quickly. Our penny stock newsletter is great for investors who are starting in the stock market and want a place for information. If you are interest in seeing hot penny stocks and want free penny stock picks come visit freehotpennystocks.com for a free membership. We also track pink sheet companies and other stocks that may be positioned to break out in our weekly stock report. Free Hot Penny Stocks is not a registered investment advisor or broker-dealer. Please do your own Due Diligence before investing in any of the stocks mentioned above. If you are an small cap ir firm and want your company profiles please email us at the email below.

Please click here to read the full disclaimer at http://www.freehotpennystocks.com/disclaimer.html

Resultz Media
Michael Ryan
877-301-9737
staff@freehotpennystocks.com