Ikona Gear International, Inc. (fka IKGI)

[McMarkwee]

Whatever happened to Ikona? Their website is still active but everything stopped about 9 years ago.

[Renee]

IKGI revoked:

http://www.sec.gov/litigation/admin/2014/34-72829.pdf

[Renee]

IKGI SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-72263.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-72263-o.pdf

Admin Proceeding:

http://www.sec.gov/litigation/admin/2014/34-72264.pdf

[kranthikumar]

IKGI is having perfect play

[TITAN]

So it looks like a very small share count.What else is the story here...eom

[RonnieD]

yep, thin as a potato chip

[righty]

**

The total shares outstanding for Ikona Gear as of 11-4-2008 was 39,082,791 shares outstanding with 23,289,442 shares free trading and 15,793,349 shares restricted with 100,000,000 shares authorized.


Thank you



Jason M. Bogutski-President


SIGNATURE STOCK TRANSFER, INC.

2632 Coachlight Court

Plano, Texas 75093



Telephone [phone]
Facsimile 972.612.4122


Email – [e-mail]

[RonnieD]

I usually low-ball so as to not be dissapointed and attempt to valuate from a base perspective. The mud pumps are now a part of their past. I would be satisfied if this deal eliminates or comes close to eliminating liabilities, and evens the balance sheet.
As of last 10Q liabilities outweighed assets by 1.3 million.

[tedpeele]

Given their sales of these drives and the market, $1 million seems pitifully low unless they get royalties on every sale in the future. Your thoughts on that?

I"m only slightly long at this point because of all the unknowns..

[RonnieD]

This event signals a change in Ikona's approach, and I think it comes from ICA Advisors. I don't think Ikona has the ability to mass produce, and they are basically emphasizing design followed by sale of rights to produce now.
They will now make royalties or in this case receive just one lump sum payment for rights.
The balance sheet is not imperiled. I hope they received at least 1 million on this sale.
The encouraging part of the PR is: "Ikona and ICA Advisors, a division of Intellian Capital, are also investigating partnerships within the alternative energy sector that would allow us to incorporate our patented gearing technology in wind energy turbines."

I will look for the next 10Q and for more moves, as ICA Advisors attempts to extract value for shareholders, which is what I think they are doing.
It's obvious from this PR that they are ramping up design and fabrication of new systems.
They don't even want to be involved in the marketing and forming of alliances, just let other companies take care of that, and stick with what they are good at - design.
I've added you as assistant mod.

[tedpeele]

THis is curious--sale of ASSETS--with no dollars given. What is an investor to make of this? Perhaps we'll have a better sense when the 10Q comes out..

[tedpeele]

Ikona Sells Line of Mud Pump Drives to Its Canadian Distributor
Wednesday August 6, 10:30 am ET


Company to Focus on Developing Products Around Patented Gearing Technology


COQUITLAM, BC--(MARKET WIRE)--Aug 6, 2008 -- Ikona Gear International, Inc. (OTC BB:IKGI.OB - News), an innovator of compact, lightweight, oil and gas field machinery and gearing technology, today announced that it has entered into an Agreement of Purchase and Sale of Assets with Canadian-based Saskatchewan LTD.


In keeping with world demand for more efficient products, Ikona has successfully designed, developed and manufactured a line of innovative mud pump drive systems. Under the terms of the Agreement, Saskatchewan LTD will acquire from Ikona the exclusive rights to manufacture and distribute the product line on a worldwide basis. The proceeds from the sale were not disclosed due to the competitive nature of the oil and gas machinery sector.

"Saskatchewan LTD has a stellar reputation within the industry and has been an excellent distributor of our products for the past two years," commented Ikona Gear CEO Laith Nosh. "They had significant input into the development of the mud pump drives and are experienced in the assembly and testing of the products."

Nosh continued, "This sale demonstrates not only our ability to design innovative, cutting-edge products, but our ability to commercialize these products. We will continue to develop our oil and gas machinery equipment, including our drawworks, in parallel with focusing our assets on the development of additional applications for our patented gearing technology. Currently we have applications within the automotive, communications, and medical device industries, upon which we plan to expand.

"Ikona and ICA Advisors, a division of Intellian Capital, are also investigating partnerships within the alternative energy sector that would allow us to incorporate our patented gearing technology in wind energy turbines."

Ikona's mud pump drives (MPD) are recognized within the oil and gas industry for their compact, lightweight design, which presents a footprint that is approximately 40 percent smaller, when compared to other solutions currently available. Its enhanced power-to-weight ratio lowers overall equipment costs and provides additional space on the oil rig.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company with innovative and proprietary products targeting two significant markets: oil and gas field machinery and gearing and power transmission applications. The company provides a family of mud pump gear drives, hoisting drawworks and speed increasers that have established new standards within the oil and gas industry for their efficiency, weight and small footprint on the drilling platform. The company's unique patented gear technology enables engineers to design gear products with a higher power-to-weight ratio, increased control and precision of gear movement, extremely high input-to-output speed ratios and generally superior application performance over standard gearing systems. It is best suited for applications with deep ratio requirements and weight and size constrains such as the automotive industry, satellite communications equipment, robotics and medical devices. Ikona trades on the OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "lG2." For more information, please visit www.ikona.ca.

[RonnieD]

Ikona Ships $200,000 Mud Pump Drive Order to Its Canadian Distributor

Date : 06/04/2008 @ 10:00AM
Source : MarketWire
Stock : Ikona Gear International (IKGI)
Quote : 0.08 -0.01 (-11.11%) @ 2:12PM
<< Back Quote Chart Financials Trades


Ikona Ships $200,000 Mud Pump Drive Order to Its Canadian Distributor

COQUITLAM, BC , an innovator of compact, lightweight, oil and gas machinery and gearing technology, today announced that it has shipped a US$200,000 order for two-speed mud pump drives to its distributor in Saskatchewan, Canada.




Ikona's mud pump drives (MPD) were selected for their compact, lightweight design, which presents a footprint that is approximately 40 percent smaller when compared to other solutions currently available. Its enhanced power-to-weight ratio lowers overall equipment costs and provides additional space on the oil rig.




"We are looking forward to exhibiting our MPDs and drawworks at the June 10 - 12 Global Petroleum Show at Stampede Park in Alberta, Canada," commented Ikona CEO Laith Nosh. "One of the pivotal industry events, the show has become the main stage for buying and selling products and services, the exchange of technology, sharing of ideas, and industry networking. This is an excellent venue to exhibit our innovative oil and gas products, as we expect over 20,000 executives from all aspects of the oil and gas industry to be attending the show."




Ikona Mud Pump Drives



Ikona's Mud Pump Drives facilitate the desired speed and power of the drilling rig mud pump and produce the required flow and pressure for powering the drilling head. They represent a considerable savings in capital expenditure, versus existing assembled solutions, and enable oil and gas packagers to reduce the overall footprint of the mud pump package by up to 40 percent. Their compact footprint eases permitting requirements, making the mud pump system easier and less costly to transport, which minimizes rig downtime.




Ikona Drawworks



A drawworks is the heart of the drilling rig -- the main hoisting winch on a drilling platform, designed to lift drilling lines up and down the drill hole. Ikona's 2-speed Drawworks provide the operator with enhanced lifting capacity, improved maneuvering at high speed, and the required power for heavy lifts. Ikona's drawworks are completely enclosed with minimal maintenance requirements and provide a smaller footprint than competitive products. Ikona's Drawworks are 50-60 percent smaller and lighter than all competing products -- a critical feature for offshore drilling applications where space and weight are at a premium. Their rugged, compact and lightweight design facilitates the ease of relocating a rig between drilling locations, reducing downtime and providing Ikona's customers with a significant competitive advantage.




About Ikona Gear International, Inc.




Ikona Gear is a knowledge-based company with innovative and proprietary products targeting two significant markets: oil and gas field machinery and gearing and power transmission applications. The company provides a family of mud pump gear drives, hoisting drawworks and speed increasers that have established new standards within the oil and gas industry for their efficiency, weight and small footprint on the drilling platform. The company's unique patented gear technology enables engineers to design gear products with a higher power-to-weight ratio, increased control and precision of gear movement, extremely high input-to-output speed ratios and generally superior application performance over standard gearing systems.

It is best suited for applications with deep ratio requirements and weight and size constrains such as the automotive industry, satellite communications equipment, robotics and medical devices. Ikona trades on the OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information, please visit www.ikona.ca.




Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.


Investor and Media Relations Contact:

Marty Tullio

McCloud Communications, LLC

949.553.9748

Email Contact



Company Contact:

Scott Rose

Ikona Gear International

604.523.5507

[tedpeele]

Yes that's what I thought too. Suggests financing will remain attainable..

[RonnieD]

this new director and his Dubai connections are interesting.

Ikona Gear Adds Wadah M. Al-Taha to Board of Directors

COQUITLAM, BC , an innovator of compact, lightweight, oil and gas machinery and gearing technology, is pleased to announce that Wadah M. Al-Taha has been appointed a director of Ikona Gear International.

"Wadah M. Al-Taha is a seasoned executive whose depth of experience in strategic planning, financial expertise and executive leadership greatly enhances the Ikona Board," said Laith Nosh, Ikona's Chairman and CEO.

"Wadah has also served in various planning, strategic development and executive capacities for financial service companies, governmental agencies and universities for more than 20 years. In addition, his growing involvement with private equity and technology companies provides experience that will benefit Ikona Gear as it moves toward expanded commercialization of its technology."

Nosh continued, "Over the last 12 months Wadah has been instrumental in raising in excess of $3 million for Ikona."

Mr. Al-Taha, 49, joins the Ikona Board as an independent member. He is a member of the Brokers' Committee of the Dubai Financial Market, and is a member in many international professional associations. Mr. Al-Taha holds a B.Sc. and M.Sc. in Accounting. He is a Chartered Financial Management Analyst (American Academy of Financial Management), a Certified Business Manager (Association of Professionals in Business Management, U.S.), and a Certified Financial Consultant.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company with innovative and proprietary products targeting two significant markets: oil and gas field machinery and gearing and power transmission applications. The company provides a family of mud pump gear drives, hoisting drawworks and speed increasers that have established new standards within the oil and gas industry for their efficiency, weight and small footprint on the drilling platform. The company's unique patented gear technology enables engineers to design gear products with a higher power-to-weight ratio, increased control and precision of gear movement, extremely high input-to-output speed ratios and generally superior application performance over standard gearing systems. It is best suited for applications with deep ratio requirements and weight and size constrains such as the automotive industry, satellite communications equipment, robotics and medical devices. Ikona trades on the OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "lG2." For more information, please visit www.ikona.ca.

[tedpeele]

Thanks Ronnie. Good info. I looked at the filings a few days ago. That's where I saw the bizarre reduction of 17 to 6 while the revenues were expanding. I'll contact the company about that. Cash expenses seem high for such few ees, but I'm sure they must have to do a lot of traveling..

ted

[RonnieD]

i am not still in, haven't been since it ran from .30s to .70s a long time ago. I do watch it. obviously it's not a trading stock, it would be a potential value investment / micro cap growth holding. I would suggest thoroughly reading the recent 10Q and perhaps waiting for the 10K which should be filed soon, as they have filed for a late 10K.
39,082,791 common shares outstanding as of April 17, 2008

Complete April 10Q here: http://sec.gov/Archives/edgar/data/1130809/000106299308001852/form10qsb.htm

Liabilities outweigh assets by only 500k, although they did lose 942k in the 3 months preceding Feb 29, that's less than previous quarters.
Notes payable for stock and warrants are good for another 3 years with expense paid by investors in the .50s range include warrant strike @ .54 and .59.

3 fulltime employees and 3 contractors and we expect to grow gradually as needed.
There has been a recent addition to the board of directors, see April press release.

Investor and Media Relations Contact:
Marty Tullio
McCloud Communications, LLC
949.553.9748
Email Contact

Company Contact:
Scott Rose
Ikona Gear International
604.523.5507
Email Contact



Revenues for six months prior to Feb 29 only about 2 million.

[tedpeele]

RonnieD, Are you still in IKGI?

It looks very interesting to me..Do you still see potential? Do you know anything about why the # employees + consultants dropped from 17 to 6 from the 10K to the latest 10Q? Is Magna still a partner? Any other thoughts?

[RonnieD]

Ikona Reports Record Second Quarter Financial Results
Second Quarter Revenue $1.277 Million

Ikona Gear International, Inc. (OTCBB: IKGI), a provider of compact, lightweight, gearing systems solutions, reported record revenue for its second fiscal quarter and six-month period ended February 29, 2008.

For the quarter ended February 29, 2008, the company reported revenue of $1,277,433, an increase of approximately 488 percent, when compared to revenue of $217,023 for the comparable period last year. The net loss was $942,427, or a net loss per share of three cents, which includes a non-cash stock-based compensation expense of $244,829. This loss compares to a net loss of $1,169,013, or a net loss of four cents per share, for last year's comparable quarter. The basic and diluted weighted average shares outstanding for the quarter were 34,057,791, compared to 28,349,292 for the same period a year ago.

For the six-month period ended February 29, 2008, the company reported revenue of $1,980,493, or an increase of $1,652,038, over revenue of $328,400 reported for last year's comparable period. The net loss for the first half of 2008 was $1,646,554, or a net loss of five cents per share. This loss included a non-cash stock-based compensation expense of $538,698 and developmental costs associated with the design and pilot manufacturing of Ikona's first batch of 1000Hp drawworks and hydraulic PTOs. This loss compares to a net loss of $1,875,124, or a net loss of seven cents per share, for the first half of 2008. The basic and diluted weighted average shares outstanding for the six-month period ended February 29, 2008 were 33,710,950, compared to 28,005,701 for the same period a year ago.

Ikona has encountered unforeseeable challenges in the first half of fiscal 2008, due to financial market conditions that have slowed down the building of new rigs. Rig builders are faced with delays in securing financing for their projects and therefore, our product sales cycle is being extended further than usual. With these difficult market conditions, Ikona's management is currently repositioning the company and its market strategy to address the current condition of the oil and gas machinery market.

"Ikona's oil and gas products have a unique value proposition due to their small footprint and power-to-weight ratio," said Laith Nosh, Ikona Gear President and Chief Executive Officer. "Our mud pump drives and drawworks have been thoroughly field tested with very excellent results and unmatched performance characteristics. As demonstrated by our continued revenue growth, Ikona's mud pump drives, hydraulic PTOs, and drawworks have the commercial viability to drive long-term positive results for our shareholders."

2nd Quarter Highlights:


-- The Company completed delivery of multiple 1100 HDC Hydraulic power
take-off (PTO) products to Cummins API SA in January.

-- Ikona secured a $300,000 order for mud pump drives from a Canadian oil
and gas equipment integrator.

-- The Company delivered its final 1000 HP drawworks to a U.S. customer
in February to complete a US $1.7 million order.


Subsequent to 2nd Quarter:


-- Ikona mud pump drive was recently chosen by Wagner Power Systems to be
packaged with the Caterpillar C class engines for the oil and gas industry.

-- Ikona to exhibit its products in May 2008 at the Offshore Oil and Gas
Conference in Houston (www.otcnet.org/), and in Calgary at the Global
Petroleum Show in June 2008 (www.petroleumshow.com/). This will be the
initial launch of Ikona's newest product, the 1000 HP Drawworks.

-- Secured funding of US $500,000 completed in April.

-- Appointed Les Jeziorowski as Manager of Engineering.

-- Appointed Wadah Al Taha to the Board of Directors.

-- Product recognition of Ikona mud pump drives in a published article in
New Technology Magazine's April issue www.ntm.nickles.com.


Ikona's Form 10-Q/SB, which has been filed with the SEC, can be located on the company's website at www.ikona.ca.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications. The Ikona gear system has features that we believe are better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only superior solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

CONTACTS:

Media and Investor Relations Contact
Marty Tullio
McCloud Communications, LLC
949.553.9748
Email Contact

Company Contact
Scott Rose
Ikona Gear International
604.523.5507
Email Contact

[RonnieD]

January 28, 2008 - 7:00 AM EST

Ikona Secures $300,000 Order for Mud Pump Drives From Canadian Oil & Gas Equipment Integrator
Follow-Up Order Is a Strong Endorsement of Ikona's Innovative Oil & Gas Products
Ikona Gear International, Inc. (OTCBB: IKGI), an innovator of compact, lightweight, oil and gas machinery and gearing technology, today announced that it has received a $300,000 purchase order for its Two-Speed Mud Pump Drive from a Saskatchewan-based equipment integrator of oilfield equipment.

"Our lead products target the oil and gas industry, which is enjoying significant global expansion," commented Ikona CEO and President Laith Nosh. "Here in Canada, we are pleased to see strong indications of renewed growth and activity developing in Alberta, Saskatchewan and Manitoba, that will boost the sales of our family of compact, lightweight Mud Pumps Drives, Drawworks and Speed Increasers."

Ikona's Mud Pump Drives are an integral part of Ikona's innovative oil and gas product offering, which also includes the Ikona Drawworks, Hydraulic Clutch Power Takeoff and Speed Increasers. Ikona's compact, lightweight oil and gas products offer customers considerable competitive advantages with respect to performance, efficiency, operating and relocation costs.

"This is the second order we have received from this integrator," stated Ikona's Executive Vice President Joe Vosburgh. "We believe this reinforces the superior design, features and end-user benefits provided by our Mud Pump Drive product line -- an indication that the market is demanding innovative, cost effective oil and gas rig technology."

Ikona Mud Pump Drives

Ikona's Mud Pump Drives facilitate the desired speed and power of the drilling rig mud pump and produce the required flow and pressure for powering the drilling head. They represent a considerable savings in capital expenditure versus existing assembled solutions and enable oil and gas packagers to reduce the overall footprint of the Mud Pump package by up to 40 percent. Their compact footprint eases permitting requirements, making the Mud Pump system easier and less costly to transport, which minimizes rig downtime.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company with innovative and proprietary products targeting two significant markets: oil and gas field machinery and gearing and power transmission applications. The company provides a family of mud pump gear drives, hoisting drawworks and speed increasers that have established new standards within the oil and gas industry for their efficiency, weight and small footprint on the drilling platform. The company's unique patented gear technology enables engineers to design gear products with a higher power-to-weight ratio, increased control and precision of gear movement, extremely high input-to-output speed ratios and generally superior application performance over standard gearing systems. It is best suited for applications with deep ratio requirements and weight and size constrains such as the automotive industry, satellite communications equipment, robotics and medical devices. Ikona trades on the OCTBB trading system under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "lG2." For more information, please visit www.ikona.ca.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Investor and Media Relations Contact:
Marty Tullio
McCloud Communications, LLC
949.553.9748
Email Contact

Company Contact:
Scott Rose
Ikona Gear International
604.523.5507
Email Contact





Source: Marketwire (January 28, 2008 - 7:00 AM EST)

News by QuoteMedia
www.quotemedia.com

[MACH1]

Finally getting back to this one. Great news today,

IKONA ACHIEVES RECORD REVENUE FOR ITS FOURTH QUARTER AND DOUBLES REVENUE FOR FISCAL 2007



IKONA ACHIEVES RECORD REVENUE FOR ITS FOURTH QUARTER AND DOUBLES REVENUE FOR FISCAL 2007


COQUITLAM, B.C. -- December 11, 2007 -- Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), a provider of compact, lightweight, gearing systems solutions, today announced that it has achieved a record fourth quarter, ended August 31, 2007, with revenues in excess of $500,000 for the period. In addition, the company has doubled its annual revenue in fiscal 2007 to $1,041,789, from $464,213 in the previous fiscal year, ended August 31, 2006. Ikona currently has an order backlog in excess of $2 million and is significantly building its pipeline of new sales. The audited financial statements have been filed in its Form 10KSB with the SEC (www.sec.gov).
2007 Highlights Included:

Received purchase orders for $2,075,000
Raised $2,245,000 at an average price per share of $0.54
Significant milestone achieved with Magna Power Train for license of gear technology in first automotive application, with new applications being developed
Delivery of initial satellite pedestals for a major U.S. telecommunications company
Executed a distribution agreement with Amerimex Motor and Control of Houston, Texas. Amerimex has been instrumental in assisting Ikona with initial penetration into the U.S. market
Subsequent to Year End:

The company has raised additional capital of $1,656,000 at an average of $0.50 per share
The company has repaid in full the accrued capital and interest on a 10 percent convertible note totaling $1,200,000
"As demonstrated by the fourth quarter revenue, we have seen significant momentum build in demand for our products," said Ikona CEO Laith Nosh. "With our current oil and gas order book alone, we believe that our revenue for the first six months of fiscal 2008 could be more than double the total revenue for fiscal 2007."


About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system has features that we believe are better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only superior solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios — very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

CONTACTS:

Media and Investor Relations
McCloud Communications, LLC
Marty Tullio
949.553.9748
[e-mail]

Company Contact:
Scott Rose
Ikona Gear International
604.523.5507
[e-mail]

[RonnieD]

Ikona Receives Initial Order from Cummins API S.A.


COQUITLAM, B.C. -- August 20, 2007 -- Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, today announced that it received an initial US$150,000 order from Cummins API S.A. for its new 1100HDC hydraulic power take-off (PTO) product for the oil and gas industry.

Cummins API S.A. is a South American distributor for Cummins Inc. and Imo Pumps. Cummins, Inc. is the world's largest designer and manufacturer of diesel engines ranging from 55 to 3500 horsepower. IMO Pumps, member of Colfax Pump Group, is the world's largest designer and manufacturer of rotary positive displacement pumps. Cummins API S.A. has been supplying pumping packages to the oil and gas industry since 1983.

An Ikona 1100HDC hydraulic power take-off (PTO) is used to drive a mud pump (fluid pump) as the means of transmitting the power to it from a diesel engine. The 1100HDC provides a smooth engagement, soft start, high-speed clutch disengagement and an all steel torsional coupling. The unit features overhaul intervals of 50,000 hours and electrical controls suitable for integration with the diesel engine controls.

"Having received this initial purchase order we are excited about the opportunity of working with Cummins API in the South American market," commented Laith Nosh, Ikona's President and CEO. "We believe that the new 1100HDC will significantly enhance our current product offering in the oil and gas industry."

Over the last 18 months, Ikona has mainly focused on designing, developing and building its product portfolio for the oil and gas industry. To date the company has developed single speed and dual speed mud pump drives, an AC gear-driven drawworks, an AC 2-speed planetary drawworks, and a hydraulic power take-off. Ikona's products, which are designed and manufactured specifically for oil and gas drilling rigs, weigh less, present a smaller footprint, and are more energy efficient than competitive products. The innovative design of these products has made them relatively maintenance free.

About Ikona Gear International, Inc.
Ikona Gear is focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise, and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

CONTACTS:

Investor Relations:
Marty Tullio
McCloud Communications, LLC
949.553.9748
[e-mail]
Company Contact:
Scott Rose
Ikona Gear International, Inc.
604.523.5507
[e-mail]

[USC2004]

A SIGNIFICANT MILESTONE FOR IKONA GEAR: IKONA GEAR TECHNOLOGY LICENSED FOR FIRST AUTOMOTIVE APPLICATION



IKONA GEAR TECHNOLOGY LICENSED FOR FIRST AUTOMOTIVE APPLICATION

COQUITLAM, B.C. -- November 22, 2006 -- Ikona Gear International, Inc. (OTCBB: IKGI), announced that its patented gearing system has been licensed for its first automotive application, an electric parking brake actuator.

The new electric parking brake actuator (patent pending) is a plastic assembly that incorporates Ikona's gearing technology, providing a self-locking design which provides the highest single stage of gearing in a stronger, smaller, lighter and more efficient electric parking brake system. The electric parking brake replaces the manual hand brake and offers a range of advantages through its integration into the on-board vehicle network and control systems.

For the car manufacturer the electric parking brake provides more freedom in the vehicle interior and contributes to an attractive interior design. For the driver the electric parking brake offers effortless brake setting by simply pressing a dash-mounted button. The introduction of electric parking brakes is widely seen as the first step toward fully electric braking and brake by wire applications in the automotive industry.

"The Ikona technology is one of the keys to our electric parking brake system, enabling us to make it both compact and light weight. We hope to continue our collaboration with Ikona as we investigate Ikona technology for use in other geared applications," said Manfred Gingl, Executive Vice-Chairman of Magna International Inc.

Magna Drivetrain AG & Company KG will incorporate Ikona's technology into the electric parking brake actuator pursuant to the terms of a license agreement dated December 15, 2005, between Ikona and Magna Drivetrain's indirect parent, Magna International Inc. This application will be on an exclusive basis, for which Magna Drivetrain has paid Ikona a "designation fee," and is also subject to a per unit royalty.

"Being selected by Magna Drivetrain for our first automotive application is a major milestone for the Ikona technology," commented Ikona CEO and President Laith I. Nosh.

[RonnieD]

good hit on plycf ! i agree, we have some time here with ikgi, but it's a safe pick with nice potential.

[USC2004]

I was really expecting some nice news from the conference in Texas last month. I called TA and she didn't have anything for me. I do know that they've delivered to Schlumberger in record time in their new plant in Canada. Definately a sleeping giant, but could take longer than expected for a nice move.

In the meantime, I'm scoring big on PLYCF. When that run is over I'll be putting some profits into this. If it runs BIG I might be able to run this stock myself. LOL!!

[RonnieD]

so little attention being paid here.. when I carry this as a top holding.. but it's sleepy.. and that's why I bank.

[RonnieD]

Ikona to Revolutionize the Transmission Industry With Two Major Technological Breakthroughs
Company Files Two New Provisional Patents Pertaining to Technology Breakthrough
Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, announced today it has developed a frictionless continuously variable transmission clutch (CVT Clutch) initially for use in the automotive industry. In addition, the company has developed a frictionless CVT Differential. Both of these technologies offer significant energy savings in automotive and industrial applications relative to existing clutch, torque converter, and differential applications. The company has filed two new provisional patents for the CVT Clutch technology and the frictionless CVT Differential, which were developed collaboratively by Ikona's John Colbourne, Ph.D. and Vladimir Scekic. P.Eng.

The Ikona CVT Clutch, enabled by the company's patented gearing system, can replace the friction based clutch system in manual transmissions and also, when applied with hybrid-enabled vehicles, can replace the torque converter normally attached to an automatic transmission. A CVT is an automatic transmission that can change the "gear ratio" to any arbitrary setting within designed limitations.

The Ikona CVT Differential is a frictionless, limited slip/locking differential which recuperates energy normally lost to heat in traditional limited slip units. A conventional differential allows different rotation speeds of the driving wheels; therefore if one wheel loses adhesion when it hits an icy patch, it will start to race and the torque will decrease to zero. The Ikona differential maintains some torque applied to the non-slipping wheel, and if the slipping wheel does not rotate too quickly, the non-slipping wheel continues to rotate in the forward direction and the vehicle motion is maintained. Ultimately the new differential can be applied to steering systems with electronic controls.

"We believe these technologies represent a new and significant opportunity for Ikona and for the transmission industry," said Ikona CEO and President Laith Nosh. "We have presented the new technologies to our business and technology partners and have already received significant interest. The automotive industry's current focus is on efficiency, economy and the environment, and we are confident our new technologies will assist them in addressing these important issues as they will provide significant energy savings and added value when used in hybrid-enabled vehicles."

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.



Source: Market Wire (October 23, 2006 - 8:00 AM EST)

News by QuoteMedia
www.quotemedia.com

[USC2004]

New Patent!!!!

COQUITLAM, B.C. -- October 23, 2006 -- Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, announced today it has developed a frictionless continuously variable transmission clutch (CVT Clutch) initially for use in the automotive industry. In addition, the company has developed a frictionless CVT Differential. Both of these technologies offer significant energy savings in automotive and industrial applications relative to existing clutch, torque converter, and differential applications. The company has filed two new provisional patents for the CVT Clutch technology and the frictionless CVT Differential, which were developed collaboratively by Ikona's John Colbourne, Ph.D. and Vladimir Scekic. P.Eng.

The Ikona CVT Clutch, enabled by the company's patented gearing system, can replace the friction based clutch system in manual transmissions and also, when applied with hybrid-enabled vehicles, can replace the torque converter normally attached to an automatic transmission. A CVT is an automatic transmission that can change the "gear ratio" to any arbitrary setting within designed limitations.

The Ikona CVT Differential is a frictionless, limited slip/locking differential which recuperates energy normally lost to heat in traditional limited slip units. A conventional differential allows different rotation speeds of the driving wheels; therefore if one wheel loses adhesion when it hits an icy patch, it will start to race and the torque will decrease to zero. The Ikona differential maintains some torque applied to the non-slipping wheel, and if the slipping wheel does not rotate too quickly, the non-slipping wheel continues to rotate in the forward direction and the vehicle motion is maintained. Ultimately the new differential can be applied to steering systems with electronic controls.

"We believe these technologies represent a new and significant opportunity for Ikona and for the transmission industry," said Ikona CEO and President Laith Nosh. "We have presented the new technologies to our business and technology partners and have already received significant interest. The automotive industry's current focus is on efficiency, economy and the environment, and we are confident our new technologies will assist them in addressing these important issues as they will provide significant energy savings and added value when used in hybrid-enabled vehicles."

About Ikona Gear International, Inc.
Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios – very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2". For more information on Ikona, please visit www.ikona.ca/.


Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.


Investor Relations Contact
McCloud Communications, LLC
Marty Tullio
949.553.9748
[e-mail]

Company Contact
Scott Rose
Ikona Gear International
604.523.5507
[e-mail]

[RonnieD]

stop joking. I have 200k tied up in this lol, ihub is all about pennies. wish i never started. if anyone ever payed attention

[USC2004]

Moved nicely on news. Next weeks show will bring in more orders and I'm sure we should be hearing something from Schluberger on their testing real soon.

[RonnieD]

October 12, 2006 - 8:00 AM EST

Ikona to Exhibit New Gearing Products at Permian Basin International Oil Show
Ikona Gear International, Inc. (OTCBB: IKGI) ("Ikona"), an innovator in compact, lightweight, gearing systems solutions, announced today that it will be exhibiting its new gearing products for the oil industry at the upcoming 2006 Permian Basin International Oil Show.

Billed as "The World's Largest Inland Petroleum Exposition," the show will be held at the Ector County Coliseum Complex in Odessa, Texas on October 17, 18 and 19, 2006. Ikona will be located at booth E 23 and will exhibit dedicated oil & gas field machinery product designs for mud pump drives and drawworks.

Ikona COO George Stefan will attend the Odessa show with Ikona's Vice President of Business Development, Vladimir Scekic. Visitors to the Ikona booth at the Odessa show are invited to talk with Ikona's senior management team, access printed materials, and watch animated presentations of Ikona products.

"Our compact and lightweight products offer reduced maintenance requirements, competitive prices, and the best warranty in the industry -- six months longer than the competition," said Stefan. "This helps drilling companies with reducing their capital investments, operating costs, and rig relocation costs.

"As a direct result of the contacts established at the Global Petroleum Show in Calgary, AB, June 13-15, 2006, we received our first oil & gas orders, which currently are either delivered or in process of manufacturing for delivery in December 2006 and January 2007. We have successfully delivered two complete prototype gearboxes within 9 weeks from receipt of the order against an industry standard of 12 to 14 weeks delivery, thus demonstrating Ikona's superior time-to-market abilities and the strength of our supply chain."

About the Permian Basin Show

The Permian Basin International Oil Show, Inc. brings together people from every phase of the petroleum industry. Oil & Gas Leaders come to Odessa, Texas from every corner of the world to learn about the latest technology, the newest equipment, and to transact business and renew friendships. For more information go to www.pbioilshow.org.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.



Source: Market Wire (October 12, 2006 - 8:00 AM EST)

News by QuoteMedia
www.quotemedia.com

[USC2004]

Getting closer to $1. Looks like it's starting to reach some watch lists.

[RonnieD]

what a great stock this is.. so much to announce soon ! look how it responds to low volume buys.. imagine when the larger orders start hitting the stock.. we're looking at another 100% very soon in my opinion.

[USC2004]

can you say BOUNCE!! Lovin' it.. Schlumberger's order must be around the corner.

[USC2004]

Added on Friday the 22nd. Today is seeing some nice volume. Already 30K traded and still over 4 hrs to go. Could this be the beginning. We're now at the EOM and Schlumberger is still testing the new product. Hopefully, within the next couple of weeks they'll give the OK for the 2.5 mil order. Then I think the rest of the industry will follow.

[RonnieD]

Ikona Closes Private Placement for $900,000
New Financing Will Facilitate Company's Move to 18,000-Square-Foot Site
Ikona Gear International, Inc. "Ikona" (OTCBB: IKGI), an innovator in compact, lightweight, gearing systems solutions, announced today that it has closed a private placement agreement with a single individual for $900,000 (USD) in exchange for 1,800,000 units.

The proceeds from the private placement will be used to relocate Ikona headquarters and manufacturing to an 18,000-square-foot facility in Coquitlam, British Columbia, Canada. Ikona personnel will begin moving to the new space in the next 30 days. Any funds remaining from the move will be used as working capital and for general corporate purposes.

"We are delighted this placement has closed and the Company will now be able to consolidate its headquarters and all of its operations under one roof," said Laith Nosh, Ikona CEO and President. "Our backlog of orders for Ikona Oil and Gas Equipment customers required us to find a larger facility to accommodate inventory and streamline our product to market methods.

"The new location will ensure our ability to rapidly transition from technology development to product development to production manufacturing while maintaining our very high standards of quality control and customer satisfaction."

The private placement exchanges 900,000 (USD) for 1,800,000 units, each unit consisting of one common share and one half of one warrant that is exercisable at $0.60 for a period of one year. The private placement was exercised under Regulation 'S' of the Securities & Exchange Commission.

"The new facility will allow Ikona to operate at a higher production capacity with better inventory control," said Ikona's COO George Stefan. "With an increase in demand for Ikona products, our product development capabilities can now be expanded to include product testing and data collection that will ultimately result in an improved developmental cycle for our new applications and increase our speed and efficiency in delivering finished products to our customers," said Stefan.

About Ikona Gear International, Inc.

Ikona Gear is a knowledge-based company focused on the design and manufacture of innovative and patented solutions for gearing and power transmission applications, a $100 billion market. The Ikona gear system is better, stronger, more precise and generally superior to standard gearing systems. The Company's unique, patented technology is ideally suited for deep ratio, weight and size constrained applications where often it is the only solution. The Ikona gear technology is the only technology that enables internal gear-sets with only one tooth difference, resulting in a much higher meshing of gears, and significantly higher gear ratios -- very important factors, especially in plastic gearing solutions. Ikona trades on the Over the Counter market under the symbol "IKGI" and on the Frankfurt Exchange under the symbol "IG2." For more information on Ikona, please visit www.ikona.ca/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.



Source: Market Wire (September 21, 2006 - 10:54 AM EST)

News by QuoteMedia
www.quotemedia.com

[USC2004]

Haven't gone all in, but I'm watching very closely. Nice volume today, now that we're in the middle of the month I think news may be coming soon on the Schlumberger deal. We'll see...

[RonnieD]

did a little nibbling of shares today. you all in ?

[RonnieD]

that will be a PR. good.
take a look here. look at the strike prices. we are basically there now. this is a VERY safe price range to buy this.

http://www.sec.gov/Archives/edgar/data/1130809/000106299306001993/form10qsb.htm

[USC2004]

She also confirmed that they're moving into a larger facility for production purposes.

[USC2004]

SHe is sworn to secrecy, but she had excitement in her tone. So, don't know if it's going to be this month or coming months, but they're definately working on something. Magna has been testing these gears for three yrs. and have many applications for thier parts to distribute to the likes of Chrysler, VW, BMW, Ford and this is just the automotive industry. I haven't checked for insider buying. I will start paying more attention to that, as well. With such a small float of 26mil, this thing should pop nicely.

[RonnieD]

in the end it won't matter what we do. I'm real glad I picked up 40k shares in the .30s. What did she say about Magna, is there a PR upcoming or are we waiting on the next quarterly report ?

[USC2004]

I wish I had that kind of money to throw at this. However, I'll be adding on the dips, as I said. Your right I should just keep my mouth shut for a few months and keep accumilating.

[RonnieD]

right. and you know what that means. 50 mil market cap = 2.00 per share. And that's only the beginning.

[USC2004]

When I spoke with IR, she said that the float will look suspect to Institutional buyers until they hit 50 to 100 mil market cap. I asked if company plans to add shares and she said they'll have to in order to climb the ladder, but we won't see that for awhile.

[RonnieD]

best not to chat it up too much.. i don't want volume yet. I told a few people. Ihub is full of penny players, not investors. Ihub alone can't drive a market in this.. what will happen is that the revenues will blast out and word will spread in the industries that Ikona Gear has inked some major production deals ! This one's going to be a 5+ stock before next year is out.. I'm not pumping either. This is a real good bet, this stock. This is a way to turn 50 grand into 200 grand, etc.

[USC2004]

I'm trying not too act like a pumper, but I've posted a few tidbits on other boards, here at IHUB. We need to see some volume on this one. ALthough, lite volume hasn't hurt, so far. I told IR we had this board running and she was excited to hear that.

FULL STEAM AHEAD!!

[RonnieD]

it will show up in their archives in a day or two.
I wish my WWCD would hurry up, I want more of this. I have had it since .30 on the Sclumberger announcement. We went from nada zzzz land to 100% gain awful quick.. I will be adding also.. it looks safe to say that under 50 cents if it even comes at all will dry up instantly. If anyone wants a sizable position in this, they will drive it up to a dollar easy. Just imagine if the big boys step on this.. 2-3 bucks will be the base !

[USC2004]

yes, but it hasn't shown up in thier archives. IR told me they were going to link it to Ikona's website once it's posted.

[RonnieD]

are you going to listen to the MN1 interview ?