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ALCL .0219 Hits, Big volume Surge today!
bobby digital, one of my fav's back in the day. Wu-tang, Mobb Deep, M.O.P., etc....what happened to Rap music now? All commercialized imo.
MDGC purchase agreement news. .0012
Tuesday, November 15 2011 6:03 AM, EST COMPETITIVE COMPANIES INC FILES (8-K) Disclosing Completion of Acquisition or Disposition of Assets Edgar Online "Glimpses"
Item 2.01. Completion of Acquisition of Assets.
On November 8, 2011 , Competitive Companies, Inc. , a Nevada corporation ("CCI") entered into a stock purchase agreement ("SPA") with Wytec International, Inc. , a Nevada corporation ("Wytec"), MediaG3, Inc. , a Delaware corporation ("MediaG3"), and its wholly owned subsidiary, Wytec, Incorporated , a California corporation (collectively, with MediaG3 , the "Seller"), pursuant to which CCI agreed to purchase 100% of the outstanding shares of Wytec's common stock from the Seller in consideration for (1) the issuance of a warrant to MediaG3 to purchase a number of shares of CCI's common stock equal to a maximum of 45% of CCI's total issued and outstanding shares of common stock on a fully diluted basis at an exercise price of $0.001 per share, exercisable on a cashless basis, subject to possible downward adjustment (the "Seller Warrant"), and (2) up to $1,000,000 of cash by an investment by CCI into MediaG3 of up to $1,000,000 for shares of the common stock of Media3G in a private placement. The number of shares of CCI common stock underlying the Seller Warrant will be determined on the date (the "Report Date") that a market appraisal (the "Valuation Report") of the intellectual property owned by Wytec (the "Intellectual Property") is provided to CCI, as follows: if the value of the Intellectual Property is determined to be equal to or more than $10,000,000 , the number of shares of CCI's common stock underlying the Seller Warrant will be equal to 45% of the total number of issued and outstanding shares of CCI's common stock on the Report Date, subject to possible downward adjustment as provided in the SPA. If the value of the Intellectual Property is determined to be less than $10,000,000 , the number of shares of CCI's common stock underlying the Seller Warrant will be adjusted downward on a pro rata basis, subject to possible further adjustment as set forth in the SPA.
In any event the number of shares of CCI common stock underlying the Seller Warrant will not exceed an amount that would, upon a cashless exercise of them, result in the value of CCI's stock (determined for this purpose on the date of issuance of the Seller Warrant and based on the closing last sale price of CCI's common stock quoted on such date on its primary securities public trading market), issued upon the exercise of the Seller Warrant exceeding the value of the Intellectual Property reported in the Valuation Report, up to $10,000,000 of value, and if such reported value exceeds $10,000,000 , then the greater of (i) $10,000,000 , or (ii) 50% of the value of the Intellectual Property reported in the Valuation Report.
The Intellectual Property owned by Wytec includes 100% of the patents listed in Exhibit B to the SPA, a copy of which is attached to this Report as an exhibit, as well as related software and software improvements and enhancements.
As part of the SPA, Wytec agreed to provide Media3G with a royalty free worldwide non exclusive, non transferrable, non assignable, non sublicensable license to use its patents in perpetuity in consideration for Media3G assisting Wytec with managing past, present, and future research and development of its patents; provided, all patent enhancements, improvements, and derivatives existing on the closing date of the SPA and developed in the future will be owned by Wytec and the Seller agreed to take any and all action necessary to assign such existing and future enhancements, improvements, and derivatives to Wytec.
1 --------------------------------------------------------------------------------
Wytec International, Inc. was formed on November 7, 2011 , the day before the closing, and has no material assets or liabilities.
A copy of the Stock Purchase Agreement is attached to this Report as an exhibit.
nice board bobby, come on over to mine to we got some good stuff coming. marked!
CSRH CHOOOOOOOOOOOOOO CHOOOOOOOOOOOOOOO MONDAY GOING TO BE HUGE
CSRH reminds me of GBTR which ran from .02 to .60..
They entered into a purchase agreement for 24,500,000 (restricted non dilutive shares) and $3,000,000 cash. like GBTR there was both a share exchange and cash involved...
Nearly identical... Based on the move from .006 to .01 I'd say the tradable float is minimal.. Im going to find out those numbers.. Just from quick DD on the 10q's i see that a good portion of the O/S is restricted by insiders..
CONSORTEUM HOLDINGS, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities, Financial Statements and Exhibits Edgar Online "Glimpses"
Item 1.01 Entry into a Material Definitive Agreement
On November 4, 2011 , Consorteum Holdings, Inc. (the "Company") entered into Amendment No. 1 (the "Amendment") to the Acquisition Agreement (the "Agreement") with Tarsin (Europe) LTD , a company organized under the laws of the United Kingdom ("Seller"). Pursuant to the Amendment, the Company purchased 100% of the issued and outstanding shares of Tarsin, Inc. , a Nevada corporation ("Tarsin Subsidiary"), from Seller for: (1) a total of 24,500,000 shares of the Company's common stock issued at a deemed issuance price of $0.10 per share; and (2) a cash payment of $3,000,000 to Seller as follows: (i) $200,000 no later than January 30, 2012 , (ii) $800,000 no later than March 31, 2012 , (iii) $1,000,000 no later than July 31, 2012 , and (iv) $1,000,000 no later than December 31, 2012 . Further, the Company also paid in full the existing outstanding balance owed by Seller on its line of credit established with NAT West in the total amount of $90,000 . Until such time as the Company has a market capitalization equal to or greater than $100,000,000 , the shares received by Seller are entitled to anti-dilution protection for certain dilutive issuances, not including issuances to employees, consultants, lenders, or other goods or service providers. Pursuant to the Amendment, Seller further agreed to grant to us an exclusive, worldwide perpetual license to use, distribute, and sell its CAPSA Mobile Platform technology in consideration for a 12.5% royalty fee calculated on future net revenues from the use of the CAPSA Mobile Platform technology. The Company is further obligated to provide or procure working capital to Tarsin Subsidiary as follows: (1) $300,000 no later than December 31, 2011 , and (2) an additional $250,000 no later than March 31, 2012 and (3) an additional $1,150,000 no later than December 31, 2012 . The description of the Amendment set forth above is qualified in its entirety by the full text of the Amendment, a copy of which is filed herewith as Exhibit 10.1 and is incorporated herein by this reference.
There is no material relationship between the Company or its affiliates and any of the parties, other than with respect to the Agreement and the Amendment.
Item 2.01 Completion of Acquisition or Disposition of Assets
The information required by this Item is included in Item 1.01 and incorporated herein by reference.
Section 2 - Financial Information
Item 2.03 Creation of a Direct Financial Obligation
Pursuant to the Agreement and Amendment described in Item 1.01 above, the Company is now obligated to pay a cash purchase price of $3,000,000 to Seller as follows: (1) $200,000 no later than January 30, 2012 , (2) $800,000 no later than March 31, 2012 , (3) $1,000,000 no later than July 31, 2012 , and (4) $1,000,000 no later than December 31, 2012 .
Pursuant to the Agreement and Amendment described in Item 1.01 above, the Company is obligated to pay a 12.5% royalty fee on all net revenue resulting from the use of the CAPSA platform to Seller.
Pursuant to the Agreement and Amendment described in Item 1.01 above, the Company is now obligated to provide or procure working capital to Tarsin Subsidiary as follows: (1) $300,000 no later than December 30, 2011 , (2) an additional $250,000 no later than March 30, 2012 , and (3) an additional $1,150,000 no later than December 31, 2012 .
--------------------------------------------------------------------------------
Item 3.02 Unregistered Sales of Equity Securities
Pursuant to the Agreement and Amendment described in Item 1.01 above, the Company issued a total of 24,500,000 shares of its common stock to Tarsin LTD in exchange for 100% of the issued and outstanding common stock of Tarsin, Inc. This transaction was exempt from the registration provisions of the Securities Act of 1933 (the "Act") by virtue of Section 4(2) of the Act as a transaction by an issuer not involving any public offering. The securities issued in this transaction were restricted securities as defined in Rule 144 of the Act.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
10.1 Amendment No. 1 to Acquisition Agreement with Tarsin LTD , dated November 4,
I think i found my next GBTR.. Im doing some DD first..
MDGC news .0008. Watching for Monday
TWWI Mostly out .0285
Ill be looking to reload.
Twwi will make 4 100% gainers for the week..
ECDC
TNCC
TWWI
EGOC
MGON is going to dwarf them all once the 8k hits imo. Seller at .0075 creating a gift.
MGONE load the boat. Next week the throttle goes down .
TWWI running on news.. Chart is sick .. .03+ easy imo.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68684408
Added more .002.
.00208 avg.
Selling appears to be done for now on CNUV.. VNDM is backing off..
In for some .0022
CNUV .0021.
IMO could be bottom at .0021..
5M block may have been the signal.. VNDM top bidder now..
pvnx .0042
MGON up 150% from yesterdays lows!! hope you loaded.
200% more easy from here.. ;)
Trading a few stocks today..
STocks im holding that remain under radar.
MGON
PMFI
PMFI .007 BUYBACK 8k JUST OUT!!
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) November 1, 2011
PROBE MANUFACTUIRNG, INC.
(Exact name of registrant as specified in its charter)
Nevada
333-125678
20-2675800
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
17475 Gillette Avenue, Irvine, California
92614
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including area code (949) 273-4990
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 7.01 Regulation FD Disclosure
On November 1, 2011, we issued a press release announcing that our board of directors has adopted a share repurchase plan, whereby we will repurchase up to 5,000,000 shares of our outstanding and issued common stock. A copy of the press release, which is hereby incorporated into this filing in its entirety, is attached to this Current Report on Form 8-K as Exhibit 99.1.
The information furnished under this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 Probe Manufacturing, Inc. Press Release, dated November 1, 2011.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Probe Manufacturing, Inc.
(Registrant)
Date
November 1, 2011
/s/ Kambiz Mahdi
(Signature)
Print Name: Kambiz Mahdi
Title: Chief Executive Officer
Exhibit Index
Exhibit No.
Description
___________
__________________________________________________________
99.1
Probe Manufacturing, Inc. Press Release, dated November 1, 2011.
[/cgi/image?quest=1&rid=23&ipage=7879855&doc=3]
Contact:
Probe Manufacturing, Inc.
Kam Mahdi, Chairman and CEO
949-273-4990 X814
kmahdi@probeglobal.com
John Bennett, CFO
949-273-4990 X807
jbennett@probeglobal.com
PROBE MANUFACTURING, INC. Adopts Stock Repurchase Plan
Irvine, California, (November 1, 2011) Probe Manufacturing, Inc., (OTC QB: PMFI) http://www.probeglobal.com/, a global electronics design and manufacturing services company, announced today that it has adopted a plan for the purpose of repurchasing up to 5,000,000 of its issued and outstanding common stock in accordance with the guidelines specified in Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, (the “Plan”).
The Company’s Plan will become effective immediately and will allow the Company to purchase its issued and outstanding common shares in the open market or in negotiated transactions, from time to time, depending on market conditions and other factors as well as subject to relevant rules under Untied States securities regulations. It does not obligate the company to make any purchases, including at any specific time or in any particular situation. The program may be suspended or discontinued at any time. The share repurchase program will be funded by the company's available cash, after assessing for the working capital requirements of the company. Accordingly, there is no guarantee as to the exact number of shares that will be repurchased under the Plan.
The Company’s Board has authorized the repurchase plan because it believes the recent market turmoil may cause the Company’s common stock to be undervalued from time to time. The timing and amount of any share repurchases will depend on the terms and conditions of the repurchase plan and no assurance can be given that any particular amount of common stock will be repurchased.
Kambiz Mahdi, the Company’s Chief Executive Officer said “This decision to establish the Plan reflects the confidence we have in the fundamentals of our business and is consistent with our long term strategy of seeking to create shareholder value.”
About Probe Manufacturing, Inc.
Probe Manufacturing is a global electronics design & manufacturing Services Company providing innovators with business services through our factory in California as well as factories Worldwide. Headquartered in Irvine, California, Probe has been serving industrial, instrumentation, medical, aerospace, defense, and automotive industries since 1994. Probe’s common stock is traded on the bulletin board under the symbol PMFI.OB. Further information is available on Probe’s website: www.probeglobal.com.
* * *
This release contains certain forward-looking statements (under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) with respect to whether Probe’s business strategy, whether Probe’s stock repurchase plan will create long-term shareholder value, and whether Probe’s stock repurchase plan will increase the value of its common stock on the market in which it is traded. Because such statements include risks, uncertainties and contingencies, actual results may differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: uncertainties relating to changes in general economic and market conditions; uncertainties regarding changes in the EMS industry; the uncertainties relating to the implementation of our global business strategy; and other risk factors as outlined in the company’s periodic reports, as filed with the U.S. Securities and Exchange Commission. Forward-looking statements in this document speak only as of the date on which such statements were made, and we undertake no obligation to update any such statements that may become untrue because of subsequent events. We claim the safe harbor protection for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
###
Endnotes
17475 Gillette Avenue
Irvine, CA 92614
949.273.4990 main
949.273.4990 fax
www.probeglobal.com
PPS went nowhere on that news.
TNCC out for a double at .28
HPGS .056 acquisition news.
Tuesday, November 01 2011 8:01 AM, EST High Plains Gas Announces Purchase and Sale Agreement with Miller Fabrication Business Wire "Press Releases - English"
GILLETTE, Wyo. --(BUSINESS WIRE)-- High Plains Gas, Inc. (OTC:HPGS) announced the signing of a purchase and sale agreement (PSA) for the acquisition of Miller Fabrication, LLC ., a Douglas, WY -based facility construction company serving the energy industry. The agreement calls for the complete purchase of Miller Fabrication by High Plains Gas, Inc. , in exchange for cash and HPGS common stock, with final terms to be announced at closing, per a non-disclosure clause in the agreement. This acquisition will have an effective date of October 1, 2011 and is expected to close on or before November 9, 2011 .
Brandon Hargett , CEO of High Plains Gas , commented, The acquisition of Miller Fabrication is an important step for High Plains Gas because it immediately broadens our increasing position in the energy construction industry, while also diversifying our revenue streams. High Plains Gas possesses the facilities and infrastructure that will augment Miller Fabrications ability to continue its growth well into 2012 and beyond by allowing them to take on larger projects.
Ty Miller , President of Miller Fabrication, said, The entire Miller team is excited for the opportunity to be a part of High Plains Gas . I strongly believe that we can achieve stronger, more robust growth by combining the companies and focusing on our strengths. The net result of the merger will be a well-rounded company with broad capabilities that has the competence and talent needed to succeed in sustaining our current growth curve.
About Miller Fabrication, LLC
Miller Fabrication was founded by Levi and Tyrel Miller in 2006. Miller Fabrication specializes in facility construction and maintenance within the energy construction industry. The Company has completed projects for regional and national firms within the energy industry and has generated revenues of $4.6 million over the first nine months of 2011. In addition, Miller Fabrication has recently executed contracts they expect will generate approximately $12 million to $16 million in gross revenue over the next twelve months.
About High Plains Gas
High Plains Gas, Inc. is a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin . The Company recently acquired the former Marathon North & South Fairway assets. These assets consist of 1614 Coal Bed Methane Wells with associated flow lines and over 155,000 net acres. This combined with the companys existing 92 natural gas wells gives the company a strong foundation in the natural gas industry. High Plains Gas will pursue expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations that helps position it strategically in the Powder River Basin . In 2011, the Company formed a subsidiary, High Plains Gas Services, LLC , focused on providing construction and maintenance services to the energy industry, primarily in the Western United States . For additional information on High Plains Gas , please visit the Companys website at http://www.highplainsgas.com/.
Safe Harbor
Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.
High Plains Gas, Inc. Tim Ondrak , 307-686-5030 ir@highplainsgas.com www.highplainsgas.com
Source: High Plains Gas, Inc.
TNCC made small buy at .13.
Hoping for a gap up tomorrow..
ECDC failed to bust triple top..
If it drops while maintaining volume ill add again when i see fit.
All out ECDC.. Not a fan of VFIN on the offer.
ECDC 100% gainer so far .015's now
ECDC .013's +75%
ECDC .01's going + 33%.. MGON is next
ECDC .009 hitting. +20%
ECDC >0075 merger news.
Monday, October 31 2011 9:18 AM, EST EAST COAST DIVERSIFIED CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Unregistered Sale of Equity Securities Edgar Online "Glimpses"
Item 1.01 Entry into a Material Definitive Agreement.
On October 23, 2011 , (the "Effective Date") East Coast Diversified Corporation (the "Company") entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Rogue Paper, Inc. , a California corporation (Rogue Paper) and certain shareholders of Rogue Paper (the "Rogue Paper Shareholders").
Pursuant to the Share Exchange Agreement, the Company shall acquire fifty-one percent (51%) of the issued and outstanding shares of common stock of Rogue Paper (the "Rogue Paper Shares") in exchange for two million five hundred thousand (2,500,000) shares of the Company's Series A convertible preferred stock, par value $0.001 per share (the "Preferred Shares"). No sooner than twelve months from the Effective Date, the Preferred Shares shall be convertible, at the option of the holder of such shares, into an aggregate of fifty million shares of the Company's common stock, par value $0.001 per share.
Beginning sixth months from the Effective Date, both the Company and holders of the Preferred Shares shall have the option to redeem any portion of such holders Preferred Shares, for cash, at a price of sixty cents ($0.60) per share. Commencing twenty-four (24) months from the Effective Date, the holders of the remaining, unsold shares of Rogue Paper common stock may require the Company to redeem such shares, for cash, at a price of three cents ($0.03) per share.
Furthermore, the Company shall purchase up to one million dollars ($1,000,000) of additional shares of Rogue Paper common stock, in intervals to be determined, over the course of the next twelve months.
Item 2.01 Completion of Acquisition or Disposition of Assets.
Reference is made to the disclosure set forth under Item 1.01 of this report, which disclosure is incorporated herein by reference.
On October 23, 2011 the Company entered into the Share Exchange Agreement to acquire fifty-one percent of Rogue Paper from the Rogue Paper Shareholders. The transaction qualifies as a reorganization within the meaning of Section 368(a)(1)(B) of the Internal Revenue Code of 1986, as amended, and as a result of the Share Exchange Agreement, Rogue Paper shall be a subsidiary of the Company.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
As described above in Item 1.01, the Company issued the Preferred Shares to the Rogue Paper Shareholders. Six months following the Effective Date, the holders of the Preferred Shares may redeem any or all such shares for cash at a price of sixty cents ($0.60) per share.
Item 3.02 Unregistered Sales of Equity Securities .
See Item 1.01 above
The Company is relying on an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Act"), pursuant to Section 4(2) of the Act. The transaction did not involve a public offering, no underwriters or agents were involved in the foregoing issuances and we paid no underwriting discounts or commissions.
--------------------------------------------------------------------------------
Out with loss. AS raised.
CHRI +37% and going.
CHRI .04
Wednesday, October 26 2011 5:00 AM, EST Optex Systems, Inc. Wins $1.15 Million Award GlobeNewswire "Press Releases"
RICHARDSON, Texas , Oct. 26, 2011 (GLOBE NEWSWIRE) -- Optex Systems, Inc. , a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB:OPXS), and a leading manufacturer of optical sighting systems and assemblies for domestic and foreign military and related applications, announced today that it has received a $1.15 million award from the Defense Logistics Agency for a Gunner's Head Assembly on the M1 Abrams Tank .
The award to Optex Systems calls for the delivery of 82 units in the next 12 months.
"This is an excellent win for Optex.It fits squarely within our core competencies of electro-mechanical and optical manufacturing technologies and it expands our footprint on the M1 Abrams Tank Platform," said Danny Schoening , General Manager and Chief Operating Officer of Optex Systems Holdings, Inc.
Optex Systems currently supplies various laser protected periscopes and weapon subsystems on the M1A1 and M1A2 Abrams Tank Platform.
ABOUT OPTEX SYSTEMS HOLDINGS, INC. AND OPTEX SYSTEMS , INC.
Optex Systems, Inc. , which is the wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB:OPXS), was founded in 1987 and is a Richardson, Texas based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and armored security vehicles, and have been selected for installation on the Stryker family of vehicles. Optex Systems, Inc. also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex Systems, Inc. delivers its products both directly to the military services and to prime contractors. For additional information, please visit the website at
www.optexsys.com.
CONTACT: Optex Systems Holdings, Inc. Stanley A. Hirschman , President (972) 644-0722 ir@optexsys.com 1420 Presidential Drive Richardson, TX 75081
Source: Optex Systems Holdings, Inc.
OPXS .0045
Wednesday, October 26 2011 5:00 AM, EST Optex Systems, Inc. Wins $1.15 Million Award GlobeNewswire "Press Releases"
RICHARDSON, Texas , Oct. 26, 2011 (GLOBE NEWSWIRE) -- Optex Systems, Inc. , a wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB:OPXS), and a leading manufacturer of optical sighting systems and assemblies for domestic and foreign military and related applications, announced today that it has received a $1.15 million award from the Defense Logistics Agency for a Gunner's Head Assembly on the M1 Abrams Tank .
The award to Optex Systems calls for the delivery of 82 units in the next 12 months.
"This is an excellent win for Optex.It fits squarely within our core competencies of electro-mechanical and optical manufacturing technologies and it expands our footprint on the M1 Abrams Tank Platform," said Danny Schoening , General Manager and Chief Operating Officer of Optex Systems Holdings, Inc.
Optex Systems currently supplies various laser protected periscopes and weapon subsystems on the M1A1 and M1A2 Abrams Tank Platform.
ABOUT OPTEX SYSTEMS HOLDINGS, INC. AND OPTEX SYSTEMS , INC.
Optex Systems, Inc. , which is the wholly owned subsidiary of Optex Systems Holdings, Inc. (OTCBB:OPXS), was founded in 1987 and is a Richardson, Texas based ISO 9001:2008 certified concern, which manufactures optical sighting systems and assemblies, primarily for Department of Defense (DOD) applications. Its products are installed on various types of U.S. military land vehicles, such as the Abrams and Bradley fighting vehicles, light armored and armored security vehicles, and have been selected for installation on the Stryker family of vehicles. Optex Systems, Inc. also manufactures and delivers numerous periscope configurations, rifle and surveillance sights and night vision optical assemblies. Optex Systems, Inc. delivers its products both directly to the military services and to prime contractors. For additional information, please visit the website at
www.optexsys.com.
CONTACT: Optex Systems Holdings, Inc. Stanley A. Hirschman , President (972) 644-0722 ir@optexsys.com 1420 Presidential Drive Richardson, TX 75081
Source: Optex Systems Holdings, Inc.
Is $NXOI being pumped like crazy or what!? I'm looking forward to seeing what happens with the stock. Judging from the latest report, they might as well be defunct.
Added AQUS yesterday .0053-.0054
Holding for .01 ++
Flipped some .016+
Got more .009-.01 yesterday
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