We report results from a pilot program to obtain spectroscopy for objects detected in the Galaxy Evolution Explorer (GALEX) Medium Imaging Survey (MIS). Our study examines the properties of galaxies detected by GALEX fainter than the Sloan Digital Sky Survey (SDSS) spectroscopic survey. This is the first study to extend the techinques of Salim et al. 2005 to estimate stellar masses, star formation rates (SFR) and the b (star formation history) parameter for star-forming galaxies out to z~0.7. We obtain redshifts for 50 GALEX MIS sources reaching NUV=23.9 (AB mag), having counterparts in the SDSS Data Release 4 (DR4). Of our sample, 43 are starforming galaxies with z<0.7, 3 have emission line ratios indicative of AGN with z<0.7, and 4 objects with z~1 are QSOs, 3 of which are not previously cataloged. We compare our sample to a much larger sample of ~50,000 matched GALEX/SDSS galaxies with SDSS spectroscopy; while our survey is shallow, the optical counterparts to our sources reach ~3 magnitudes fainter in SDSS r magnitude than the SDSS spectroscopic sample. We use emission line diagnostics for the galaxies to determine that the sample contains mostly star-forming galaxies. The galaxies in the sample populate the blue sequence in the NUV-r vs M_r color-magnitude diagram. Our sample has SFRs, luminosities, and velocity dispersions that are similar to the samples of faint compact blue galaxies studied previously in the same redshift range by Koo et. al 1995, Guzman et. al 1996 & Phillips et. al 1997. However, our sample is ~2 mag fainter in surface brightness than the compact blue galaxies. We find that the star-formation histories for a majority of the galaxies are consistent with a recent starburst within the last 100 Myr.
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