10:02 AM EST - Ergoresearch Ltd. : has announced a letter of intent to buy Footech Inc., a maker of custom shoe orthotics and footwear. Ergoresearch said it will pay $1.2 million in cash plus stock valued at $400,000 for Footech, which had 2006 revenue of $2.2 million and net profit of $178,000. Ergoresearch Ltd.
shares T.ERG are trading unchanged at $0.22.
