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MDM Group Joins Russian Biotechnological Consortium for Medicine and Agriculture (BIOMAC)
MDM to Work With BIOMAC to Develop Russian Technologies for Use in the MDM Biodefense Initiative
SANTA CLARA, CA, Jul 12, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that it has signed an agreement to participate in the Russian Biotechnological Consortium for Medicine and Agriculture (BIOMAC). BIOMAC will use its resources as an interdepartmental instrument of the Russian government-private partnerships to locate technologies from throughout Russia. Further, BIOMAC will also be an advocate for technology transfer.
Consortium BIOMAC was formed in 2001 within the framework of the Agreement between four ministries of the Russian Federation: Ministries of Industry, Science and Technology, Ministry of Health, Ministry of Agriculture, and the Ministry of Education. Since inception, BIOMAC has been expanded to include the Russian Academies of Sciences, of Medical Sciences, and of Agricultural Sciences.
Under the Consortium BIOMAC memorandum:
-- BIOMAC will assist MDM in locating novel drugs, vaccines, diagnostics,
and related technologies that directly apply to MDM's Biodefense
Development undertakings; and,
-- BIOMAC will assist in the area of technology transfer as it relates to
the Russian government.
Since MDM's November 10, 2004, announcement of the establishment of its Biodefense Division, MDM's team has been evaluating several technology opportunities from sources around the world. Consistent with its original mandate, MDM's focus is on niche projects in Defense or Homeland Security that have confirmed markets and can progress rapidly to products for countermeasure enhancement.
Dr. Ed Stephen, head of MDM's biodefense division, recently completed a one-month trip to Russia where he visited numerous partner research institutes and discussed many potential projects for MDM's Biodefense Development. Dr. Stephen commented, "Our ISTC Partnership, primarily involving former defense institutes, and now our membership in the Consortium for Medicine and Agriculture creates an immediate and important extension to the scientific capabilities and the facilities available to us. MDM has signed multiple NDAs and is now in the process of signing agreements for technologies that it will pursue in the short-term."
MDM Group is a development stage Company focused on the Security, Biodefense, Law Enforcement and Homeland Security industries See: www.mdmgroupinc.com
For further information see: http://www.mdmgroupinc.com./
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Contact via http://www.marketwire.com/mw/emailprcntct?id=F8E9E26FEA9187AD
SOURCE: MDM Group, Inc
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:Electronics and Communications
Aerospace and Defense:Land Vehicles
Aerospace and Defense:Marinecraft
Aerospace and Defense:Space
Aerospace and Defense:Weapons
Agriculture:Livestock
Government:International
Government:Security (law enforcement, homeland etc)
Medical and Healthcare:Healthcare
Aerospace and Defense:Aircraft
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Drugs
Pharmaceuticals and Biotech:Trials
Here's another stock I found very recently (LPHLA). Here's the link to the iHub board I just set-up: http://www.investorshub.com/boards/board.asp?board_id=4104
I think this company will have a great future too. I posted this message here because, this company is also a very strong homeland security stock.
MDM Group Appoints Chief Executive Officer
SANTA CLARA, CA, Jul 01, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that the Company has appointed Dr. Paul D. Slowey as its Chief Executive Officer, effective immediately.
Dr. Slowey is a founding partner of Bamburgh Marrsh LLC which the Company has recently acquired. Bamburgh Marrsh has developed and patented world leading oral diagnostic and screening technologies with application in major markets including clinical, biodefense and substance abuse testing and screening. The substance abuse testing rights are currently in the process of being exclusively licensed to Harrington Group (ASX: HGR) (OTC: HGRLF) subject to their shareholder approval at a General Meeting.
Dr. Slowey is a recognized world expert in oral fluid technologies and has over 17 years experience in corporate management, business development, sales and marketing. He previously served as Chief Executive of publicly listed BioCurex, Inc., as well as Director of International Business for OraSure Technologies and Chief Operating Officer for Saliva Diagnostic Systems, Inc (SDS). Dr. Slowey holds an Honors Bachelor of Science degree from Sheffield City Polytechnic (UK) and a Doctorate in Philosophy degree from the University of Newcastle-upon-Tyne (UK) and he spent three years as a Post-Doctoral Fellow at the University of Victoria (Canada) and Memorial University of Newfoundland (Canada).
MDM Group President Mr. Peter Boonen stated: "We welcome Dr. Slowey to our team and look forward to benefiting from his proven leadership skills as well as his sound scientific background. Dr. Slowey's appointment comes following an extensive search for a multi skilled executive complimentary to our business and management executives and we are fortunate to have the opportunity to secure his services."
MDM Group is a development stage Company focused on the Security, Biodefense, Law Enforcement and Homeland Security industries See: http://www.mdmgroupinc.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Contact via http://www.marketwire.com/mw/emailprcntct?id=DE432110D72984C1
SOURCE: MDM Group, Inc
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:Weapons
Government:Security (law enforcement, homeland etc)
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Drugs
Nice day today! Keep up the good work.
ShockRounds - World's First "Electric" Less Lethal Bullets Successfully Tested
MDM Group Claims a World First for Its Wireless Piezoceramic Charged Bullets
SANTA CLARA, CA, Jun 30, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that in testing this month by its Australian listed subsidiary, Harrington Group Limited (OTC: HGRLF) or (ASX: HGR), the ShockRounds(TM) "electric" bullets were repeatedly fired from a 37mm Federal Labs firearm.
MDM Group President Mr. Peter Boonen stated: "We are exceptionally pleased that we are able to confirm that ShockRounds(TM) can be fired by standard issue firearms. This testing is the first time that electrically charged bullets, without attaching wires, have been fired from a firearm."
He added: "ShockRounds(TM) will introduce a new level of stopping power to the munitions industry both for the specialized rubber bullet market as well as for the traditional lethal firearms market. ShockRounds(TM) enabled rubber bullets will provide law enforcement officers with a dramatically increased effective range of up to 100 meters and with ShockRounds(TM) lethal bullets we forecast that, by adding electric shock capability, less shots would be fired in any confrontation thereby greatly increasing the level of safety in conflict for the law enforcement officers as well as for any innocent passers by."
ShockRounds(TM) are a potential breakthrough product for the law enforcement industry, the military, border control, and anti-terrorism initiatives, due to their versatility and multiple applications. When fired, a ShockRounds(TM) enabled bullet generates an extremely high-voltage charge that is discharged upon impact with the target.
ShockRounds(TM) "electrified" standard bullets and rubber bullets are forecast to:
-- Make law enforcement safer and more certain
-- Save lives and ensure less collateral damage
-- Reduce injuries and fatalities
-- Enable far better control and effective enablement in aircraft, public
places, arenas, etc.
-- Provide an effective anti-terrorism and border control weapon
-- Decrease legal liability and revolutionize the munitions industry
MDM Group is a development stage Company focused on the Security, Biodefense, Law Enforcement and Homeland Security industries. See: www.mdmgroupinc.com
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: http://www.mdmgroupinc.com and www.hgrltd.com
MDM Group is featured on www.Homelanddefensestocks.com, a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Contact via http://www.marketwire.com/mw/emailprcntct?id=799404FF70FEA126
SOURCE: MDM Group, Inc.
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:Weapons
Government:Security (law enforcement, homeland etc)
MDM Group Reports Progress
SANTA CLARA, CA, Jun 28, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises:
-- Dr. Ed Stephen, head of the MDM's Biodefense Division, this week
returned from a month-long trip to Russia where he spent extensive time
visiting with the Company's research institute partners through the ISTC
Program (www.istc.ru), which is part of a U.S. Department of State program
to support the nonproliferation of nuclear, biological and chemical Weapons
of Mass Destruction. Following this successful trip the Company expects to
be entering into several development relationships over the coming months
where ISTC can play a significant role.
-- During the course of the week ended 24 June, 2005, the Company's
Australian listed subsidiary, Harrington Group Limited (OTC: HRGLF)
(ASX: HGR), commenced a program to establish investor awareness among the
Australian brokerage community through a series of broker presentations
both in Sydney and in Melbourne. The presentation can be accessed at the
Harrington website www.hgrltd.com under News - Company Announcements.
-- ShockRounds(TM) have received recent press coverage in The New
Scientist and the Substance Abuse Testing technology (being licensed to
Harrington Group subject to shareholder approval) in the Melbourne Age and
in the Herald Sun. Links to these articles can be accessed under News -
Media Coverage at www.hgrltd.
-- The Company expects to report on the ShockRounds(TM) prototype testing
during the course of the week.
-- Harrington Group director and COO, Taylor Fogelquist, and Dr Allen
Bain of the Harrington Advisory Board last week participated in the
International Law Enforcement Forum 2005 in Ottawa, Canada. The focus of
the Forum was on Minimal Force Options, which included discussion of
ShockRounds(TM) and other technology. The Forum was attended by
approximately 80 police and industry experts from the USA, Canada, Great
Britain, Europe and the Middle East.
MDM Group is a development stage Company focused on the Security, Biodefense, Law Enforcement and Homeland Security industries. See: www.mdmgroupinc.com.
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: http://www.mdmgroupinc.com.
MDM Group is featured on www.Homelanddefensestocks.com, a global investment research portal for defense and security.
SOURCE: MDM Group, Inc.
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:Weapons
Government:Security (law enforcement, homeland etc)
Both Harrington and MDDM group (TIET also) are lookin' fine to me. Lots of up potential for all of them...in due time. IMSO.
Shockrounds and Substance Abuse Testing Information Advice
SANTA CLARA, CA, Jun 09, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that Harrington Group Limited (HGR.AX) (OTC: HGRLF) today released a company "Fast Facts" statement to the Australian Stock Exchange.
As this represents a preliminary broker and investor marketing document it is required to be released to the Exchange prior to its dissemination. A copy can be accesses at www.hgrltd.com under News Releases section or at www.asx.com.au under news for symbol "HGR". Fast Facts detail is as follows:
-- In February 2005 Harrington Group Limited (ASX: HGR) was reinstated to the Australian Stock Exchange following a $3.6 million capital raising and change of business.
-- Harrington Group in its primary focus on the Law Enforcement industry is commercializing two major emerging technologies that have significant short-term revenue potential.
1. The ShockRounds(TM) technology, positioned in the multi billion
dollar munitions and less lethal weapons markets, introduces an
electric charge into both traditional and rubber bullets.
ShockRounds(TM) rubber bullets enable law enforcement officers
to more effectively deal with incidents and riot or crowd
disturbances from a safer range. ShockRounds(TM) will be more
effective, provide greater officer safety and potentially save
lives. The production of functional prototype ShockRounds(TM)
is expected within several weeks.
2. The Sali*Chek(TM) Substance Abuse Technology (SAT) is market
ready and enables on-the-spot testing (via a saliva sample)
for illicit drugs that can include: THC, opiates, cocaine,
methamphetamine, amphetamine, and PCP. The SAT Sali*Chek(TM)
system incorporates a pocket-PC enabling drug testing
anywhere any time with instant recording, wireless printing
capability and integrity in protection of evidence.
-- In May 2005 HGR announced its intention to acquire a license, subject to shareholder approval, for the exclusive global rights to the patent-pending SAT technology through its major US shareholder (MDM Group Inc). There is a major demand for the SAT capability within the global law enforcement sector as well as in other industry applications where instant testing can address the significant problems of illicit drugs within our communities.
-- As announced in March 2005 Harrington has appointed a Scientific Advisory Board including Colonel (Ret) Dr. John Alexander a consultant to the U.S. Government and a world authority on less-lethal weapons, Dr Christopher Green (MD, PhD, FAAFS) Chairman of a Homeland Security Committee and forensic and electrophysiology specialist, Dr Ed Stephen (DVM), a specialist in bio-terrorism and bio-defense and Dr Allen Bain (PhD) an expert in the effect of electricity on humans.
-- The market opportunity for the SAT Sali*Chek(TM) system is immense given the prevalence of drug abuse and the associated costs to the community. For example,
-- In Victoria's current roadside drug testing trial, the ratio of
drivers testing positive for drugs (1/73) is three times that
of those exceeding the 0.05 drink driving limit.
-- The EU estimates community costs of drugged driving are 164
billion Euros annually.
-- Use of illicit drugs in the US workplace costs US$75 - $100
billion annually with 65 per cent of all accidents on the job
being alcohol or drug related. One company alone, General
Motors has stated that employee drug abuse costs them US$1
billion per year.
-- Substance abusers utilize 16 times as many health care benefits
and are 6 times more likely to file workers compensation
claims.
-- Health benefit utilization, in dollar terms, is 84 per cent
higher and substance abusers record 16 times more work
absences.
-- 17% of all U.S. workers regularly use substances of abuse.
-- The US with 5% of the world's population buys and consumes
60% of all illicit drugs.
-- For further information please see: www.hgrltd.com and www.bamburghmarrsh.com
MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries.
See: http://www.mdmgroupinc.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Contact via http://www.marketwire.com/mw/emailprcntct?id=A2EE8515405292A6
SOURCE: MDM Group, Inc
Copyright 2005 Market Wire, All rights reserved.
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With MDM Group being the process of acquiring another company...I may be updating the upper part of this message board again soon. I guess I'll be waiting for confirmation of the deal closing.
MDM Group Reports Progress of Substance Abuse Testing License
SANTA CLARA, CA, May 24, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that Harrington Group Limited (HGR.AX) (OTC: HGRLF) has through a release to the Australian Stock Exchange advised of its intention to proceed with the licensing of a patent protected Substance Abuse Testing (SAT) technology from MDM Group.
The fully developed and market-ready SAT technology incorporates the latest in oral fluid (saliva) diagnostics that allows immediate simultaneous testing for up to any of six illicit drugs including: cocaine, cannabis, amphetamines, speed, PCP and opiates.
The SAT System includes split sample test units, on-the-spot hand-held testing, wireless report printing units through a system that is more efficient, quicker (on-the-spot) and far less invasive than urine testing.
Harrington CEO Marshall Couper said: "Certain patent protected aspects of the SAT System are currently not available anywhere in the world and are particularly important to the global law enforcement industry, as it provides the only available totally portable handheld system that enables law enforcement officers to conduct on-the-spot drug testing anywhere at any time with instant recording, wireless printing capability and integrity in protection of evidence."
The SAT technology is unique and complementary to the law enforcement sector, which is Harrington's main focus, and it offers the opportunity for revenue generation in the forthcoming financial year. The core products of this system are the VerOFy(TM) I/II Rapid Test Platform and fluid collection system and the Sali-Chek(TM) wireless reader. Information regarding the specific SAT technologies can be accessed at: www.bamburghmarrsh.com
The Harrington Board unanimously agreed to proceed with this opportunity subject to completion of satisfactory due diligence, formal documentation and shareholder approval.
The terms of the Licence Agreement offered requires Harrington to commit to minimum annual gross expenditure of US$1.2 million, for the first two years, for costs, operational, development and marketing expenditure, together with an ongoing royalty payment of 7% of gross worldwide sales. This expenditure will be funded out of existing Harrington reserves in addition to revenues expected to be generated through the proposed licensed operations.
Harrington has further agreed to provide interim loan funding to the SAT operational, development and marketing costs, which will be repayable if Harrington shareholders do not approve the licensing arrangements at the proposed shareholders meeting.
Harrington will be appointing Mr. Richard Herrig, a co-developer of the SAT technology, as Chief Executive Officer of the SAT Division, and Mr. Michael Beaubien as Chief Operations Officer of the SAT Division. Both have extensive experience within the industry and are already involved in current and ongoing discussion with government agencies, law enforcement agencies and other industries with regard to sales of the SAT systems.
The SAT business will not detract from Harrington's ongoing focus and commitment to the ShockRounds(TM) technology development and commercialisation programme. Harrington advises that the synergies arising from both ShockRounds(TM) and the SAT technology sharing the same law enforcement sector focus are in fact a significant benefit.
The SAT Licence also covers applications such as employment drug screening, which in many business sectors in Australia and globally such as the resources sector are becoming compulsory, as well as expanding use within sports and in accident and emergency departments. Harrington's exclusive international right to exploit the opportunities across these broad areas of application is expected to enable it to achieve substantial revenues.
A detailed information memorandum, including an independent expert's report, together with the notice of meeting to approve the transaction is being prepared and will be forwarded to Harrington shareholders.
Market for Compulsory Drug Testing
It is readily accepted that drug abuse is a major problem in many sectors of society. Some concept of the size of the problem and therefore the opportunity for the application of the SAT technology can be gained from a review of some published U.S. statistics:
According to the U.S. Department of Labor and other references: use of illicit drugs within the workplace costs industry in the U.S. $75 - $100 billion annually; 65% of all accidents on the job are alcohol or drug related; substance abusers utilize 16 times as many health care benefits and are 6 times more likely to file workers' compensation claims; health benefit utilization in dollar terms are 84% higher; substance abusers record 16 times more work absences; 17% of all U.S. workers regularly use substances of abuse; one company alone, General Motors has stated that employee drug abuse costs them US$1 billion per year.
In the U.S. today, almost all Fortune 200 companies have mandatory employee drug screening programs, as do all industries that are regulated by the U.S. Federal Government. Australia is following the U.S. trend, and many other countries and global industries are rapidly putting drug screening policies and requirements in place.
It is recognized that drugs in the workplace are of major concern, with abusers placing not only themselves but others at risk. This significant issue then extends to the law enforcement sector and the increasing emphasis on the ability to effectively administer random testing of drivers and suspected abusers.
Harrington believes that this elegant system represents a huge market opportunity by providing a less invasive testing solution that offers on-the-spot analysis. Due to this system's ease of use, portability and cost effectiveness, many industries and government agencies stand to benefit in their efforts to combat this pervasive problem.
MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries. See: www.mdmgroupinc.com
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: http://www.mdmgroupinc.com and www.bamburghmarrsh.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc.
CONTACT: mailto:Trevor@mdmgroupinc.com
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Government:Security (law enforcement, homeland etc)
Medical and Healthcare:Healthcare
Pharmaceuticals and Biotech:Drugs
Pharmaceuticals and Biotech:Equipment and Supplies
Professional Services:Consulting
MDM Group Outlines Strategy for $4 Million Plus Acquistion Within Its Law Enforcement and Homeland Security Initiatives
MDM Group to License Substance Abuse Testing to Harrington Group
SANTA CLARA, CA, May 10, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises of its intentions for leading oral fluid (saliva) diagnostic group, Bamburgh Marrsh LLC (See: www.bamburghmarrsh.com ) which, as announced on May 9, is in the process of being acquired by the Company subject to satisfactory due diligence.
It is proposed to License the global rights to the Substance Abuse initiatives to the Company's Australian listed entity, Harrington Group Limited (HGR.AX or OTC:HGRLF.PK) as this business unit is synergetic to the Law Enforcement sector being focused on and serviced by Harrington. It will also give Harrington the opportunity of very significant early revenues as the products are market ready.
Subject to approval by Harrington Group shareholders, Harrington will undertake to provide a minimum US$1.2 million per annum for two years in costs, development and working capital as well as payment to MDM Group of 7% on all gross sales.
In the biodefense applications Bamburgh Marrsh currently has, among other interests, two Cooperative Research and Developments Agreements (CRADAs) with the U.S. Navy for the development of oral fluid infectious disease tests and Anthrax testing. These initiatives are synergetic and being merged into the MDM Group biodefense division which is currently working on the establishment of solutions to such threats as smallpox and anthrax.
The Bamburgh Marrsh entity as a subsidiary of MDM Group will continue in the development of very significant diagnostic applications in the clinical market. These diagnostics are dedicated to providing effective screening tools that may be applied for the early detection of diseases and medical disorders utilizing non-invasive test specimens such as oral fluids.
The Company will provide a more detailed overview on each of the business sectors and opportunities during the course of the next several weeks as they are integrated into current operations.
Oral fluid testing and/or diagnosis is being rapidly established as an extremely economic, efficient and non-invasive process that through Bamburgh Marrsh technology will be capable of delivering instant on the spot results as opposed to the far more expensive, invasive and delayed results of tests using urine or blood samples.
MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries See: www.mdmgroupinc.com
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: http://www.mdmgroupinc.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc
CONTACT: mailto:Trevor@mdmgroupinc.com
Copyright 2005 Market Wire, All rights reserved.
-0-
Major Acquisition Announced by MDM Group
MDM Group to Acquire Leading Oral Fluid Diagnostic and Testing Interest for $4 Million
SANTA CLARA, CA, May 09, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that it has entered into agreement to acquire all the issued capital of leading oral fluid (saliva) diagnostic group, Bamburgh Marrsh LLC (See: www.bamburghmarrsh.com) in consideration of payment of $4 million and the provision of further development and working capital funds. The transaction is in the process of due diligence completion and is expected to close within 30 days.
As referenced within an Interview published by the Wall Street Journal last April 19: "A sample of saliva can have within it DNA, RNA, proteins, germs, viruses, fatty acids and a host of interesting molecules useful in disease detection...whatever is in the blood is also in saliva. It is, in fact, a reflection of our blood, its a blood filtrate..."
Oral fluid testing and/or diagnosis is being rapidly established as an extremely economic, efficient and non-invasive process that through Bamburgh Marrsh technology will be capable of delivering instant on-the-spot results as opposed to the far more expensive, invasive and delayed results of tests using urine or blood samples.
Bamburgh Marrsh has three significant areas of operation:
1. Substance Abuse Testing -- This business initiative is fully developed and ready for immediate commercialization with major application for on-the-spot drug testing for Law Enforcement use, employment screening and sports testing. The significant advantage that Bamburgh Marrsh has in these fields is that patent-pending collection devices (one of only two that are FDA approved) are used that enable oral fluid samples to be split -- one for analysis and one that can be retained to, for example, preserve the integrity of evidence or challenge. The other major advantages of the testing system is that it is instant, truly portable -- handheld -- and has instant test result printing capability. To the Company's knowledge these capabilities are unique.
2. Clinical Diagnostics -- Several significant diagnostic applications are in development. Bamburgh Marrsh is dedicated to providing effective screening tools that may be applied for the early detection of diseases and medical disorders utilizing non-invasive test specimens such as oral fluids.
3. Bio-defense -- Following recently announced official notification of its registered status as an "ISTC Partner," the International Science and Technology Center (ISTC) provides MDM with clear access to accelerate its ongoing development of its biodefense capabilities in conjunction with world leading researchers and institutes in the Russian Federation. This association will contribute to value add the existing Bamburgh Marrsh bio-defense applications and initiatives.
The ISTC Program (http://www.istc.ru)/ is part of a US Department of State program whose objective it is to support nonproliferation in the area of nuclear, biological and chemical Weapons of Mass Destruction (WMD) by providing assistance in establishing sustainable non-weapon related jobs for the scientists and engineers in the Newly Independent States of the former Soviet Union who possess current or prior, direct or indirect WMD experience. The ISTC program is funded mainly by the U.S., European Union, and Japan.
Dr. Ed Stephen, head of MDM's biodefense division, is currently on a one-month undertaking in Russia, where he is conducting a series of meetings with various Institutes that include focus on the development of anthrax, smallpox and TB diagnostic and vaccine research.
The Company will provide further information to the market during the course of the transaction.
MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries. See: http://www.mdmgroupinc.com
For further information see: http://www.mdmgroupinc.com/
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc.
CONTACT: mailto:Trevor@mdmgroupinc.com
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:Weapons
Financial Services:Venture Capital
Government:Security (law enforcement, homeland etc)
Medical and Healthcare:Dentistry
Medical and Healthcare:Healthcare
Medical and Healthcare:Medical Devices
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Equipment and Supplies
Professional Services:Consulting
Transportation and Logistics:Trucking
I'll finish working on the upper part of this board later.
According to my power Etrade Pro market trader...there's a news symbol next to MDDM (meaning news of some sort should be out sometime today...involving them). I saw this when the markets opened this morning, but I haven't found the news yet.
More later.
BNET....MDM Group participation:
The major parties involved in BNET are:
.
.
.
MDM Group:
Security solutions provider; authentication, "Plenar"
servers and gateways and related products
http://www.bnet-global.com/index.html
.
.
Management:
BNET Chairman
Mr. Peter Boonen is the founder of BNET and is responsible for the overall corporate development focus and strategy, and for BNET's relationship development. He has over 25 years of extensive business experience in the property, investment banking and equity markets.
Vice President Strategy
Mr. Chris Nichols is responsible for BNET's research and product strategy, responding to focused high-assurance security infrastructure and vertical industry business-driven needs. He has been instrumental in the development and design of the BNET global network. Mr. Nichols has had vast industry experience in the electronic medium. Mr. Nichols was formerly the Head of Technology at Curious Pictures, a high end commercial and film production business. Mr. Nichols has extensive knowledge of computer operating systems, broadband connectivity and switching, broadcast quality digital video, CAD design/architecture, high-end graphics and publishing, digital and analog sound recording and mixing, filmmaking and editing.
Here's the rest of BNET's management:
http://www.bnet-global.com/management.html
I'm going to be watching and studying this part of MDM Group very closely. I'm looking for news from the BioDefense division soon too.
I should be updating this board's upper section very soon to include this BNET info.
There are only 3 boardmarks for MDDM at this point. IMO, this should be changing soon. The boardmarks and the MDDM's pps...IMO...should both improve/increase very well as time goes forward and MDM Group continues its growth.
Thanks for the post! I didn't see this one. I continue to buy more of this co. on the dips. I think there's great potential here. And I'm glad to see they're getting some work done (the recent patent...etc....) in their secure systems, computers and internet related area.
Do you think MDDM still will roll-out BNET? Do they still have a controlling interest...or what is their interest in BNET? Have you heard about BNET? BNET was why I originally bought shares of this co. in Jan. 2004...plus, the fact that they were already claiming to be profitable with their secure systems business. The same MDM management team is still managing BNET.
Here's the link: http://www.bnet-global.com/index.html
Hoping for the best and still investing here.
Bank of New York to Sponsor Harrington Group U.S. Listed ADR Program
SANTA CLARA, CA, Apr 18, 2005 (MARKET WIRE via COMTEX) -- MDM Group (OTC: MDDM) advises that Harrington Group Limited (ASX: HGR) today announced to the Australian Stock Exchange that it has appointed the Bank of New York as its Depository Bank and sponsor for the Company's Level I American Depositary Receipts (ADR) program in the United States.
Marshall Couper, the Harrington Group CEO, advised that as the Company has an international Homeland Security and Law Enforcement business focus, the establishment of a U.S. ADR program is intended to attract global coverage, interest and shareholders to the company. Further, that such a program would also give Harrington access to the world's largest and most dynamic capital market that could better position the development of its ShockRounds(TM) technology.
Harrington already receives many investor enquiries from the North American and European markets. The ADR Program is expected to encourage U.S. and foreign investment in Harrington Group shares through the U.S. over-the-counter (OTC) market, thereby expanding Harrington Group's international shareholder base and name recognition. The ADRs will make Harrington more available to U.S. and other international investors and will ensure liquidity in the stock for these investors.
ABOUT ADRs
ADRs are commonly used to facilitate trading by U.S. investors in companies listed on non U.S. exchanges. ADRs may trade freely, just like any other security, in the over-the-counter (OTC) market.
The Company's ADRs will be sponsored by the Bank of New York and traded in the U.S. OTC market. A sponsored Level I ADR program allows companies to enjoy the benefits of a publicly traded security in the U.S. without changing their home exchange reporting process. Harrington is a publicly traded fully reporting company in Australia.
U.S. brokers may deal either directly in Harrington Group Limited (ASX: HGR) or in the Company's ADRs following their establishment. Some U.S. investors, particularly certain domestic mutual funds, are constrained from investing directly in foreign securities and the ADRs will provide the opportunity to invest in ASX listed Harrington Group.
For those investors who currently own Harrington shares in an un-sponsored U.S. OTC market and who wish to convert their shares to ADRs, please contact your broker. Harrington Group will advise the market when the ADR program becomes effective which is expected in approximately 60 days.
Currently in the U.S. Harrington shares can still be traded by investors under symbol OTC:HGRLF.PK
MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries See: http://www.mdmgroupinc.com
For further information see: http://www.mdmgroupinc.com MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc.
Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense: Weapons
Government: Security (law enforcement, homeland etc)
MDM Group Receives ISTC Partner Status for Biodefense Division
MDM to Gain Access to Top Russian Facilities and Biodefense Development Opportunities Through ISTC Partnership
SANTA CLARA, CA, Apr 07, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that it has received official notification of its registered status as "ISTC Partner". Partnership with the International Science and Technology Center (ISTC) provides MDM with clear access to accelerate its ongoing development of its biodefense capabilities in conjunction with world leading researchers and institutes in the Russian Federation.
The ISTC Program (http://www.istc.ru/) is part of a US Department of State program whose objective is to support nonproliferation in the area of nuclear, biological and chemical Weapons of Mass Destruction (WMD) by providing assistance in establishing sustainable non-weapon related jobs for the scientists and engineers in the Newly Independent States of the former Soviet Union who possess current or prior, direct or indirect WMD experience.
The ISTC program is funded mainly by the US, European Union, and Japan. Under the ISTC Partnership arrangement: -- ISTC will provide MDM with access to its vast network of institutesthroughout Russia and in six other neighboring countries;-- ISTC will provide coordination and project management services asrequired by MDM;-- Certain MDM projects will be eligible for risk-sharing arrangements toaccelerate commercialization.Since MDM's November 10, 2004 announcement of the establishment of its Biodefense Division, MDM's team has been developing its Biodefense strategy and evaluating several technology opportunities from sources around the world.
Consistent with its original mandate, MDM's focus is on niche projects in countermeasure development that have progressed from basic research to the development state. Such products are expected to have shorter development time and be confirmed as needed by the US government. MDM's Biodefense Division expects to engage in its first project during the current quarter. Dr. Ed Stephen, head of MDM's biodefense division, commented: "Our ISTC Partnership creates an immediate and important extension to the scientific capabilities and the facilities available to us. We are already well advanced in exploring specific opportunities in which ISTC can play a key role, saving us time and cost in some cases and introducing us to new intellectual property in other cases."
MDM Group is a development stage Company focused on the Security, Biodefense and Homeland Security industries.
For further information see: http://www.mdmgroupinc.com/
MDM Group is featured on http://www.homelanddefensestocks.com/ a global investment research portal for defense and security.
Contact: MDM Group, Inc.Trevor Ruehs 866-894-3910 Trevor @ mdmgroupinc.com
SOURCE: MDM Group, Inc Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE:
Aerospace and Defense:WeaponsGovernment:Security (law enforcement, homeland etc)Medical and Healthcare:Healthcare
What appears to be needed is a Revolution of sorts...to eliminate shorts/shorting IMO. Like Paul Revere...spread the word...rally the troops...the battle/war is near...just beginning. It's a fight we must win.
I fully agree. Naked Shorting is a major criminal enterprise and simply can not be ignored any longer. It is time for action.
AN EXCELLENT POST from my reg SHO board: Posted by: Juststocks
In reply to: None Date:4/4/2005 11:23:55 PM
Post #of 370
Since we have been discussing the trading during the day, this post seemed appropriate.It was posted by pontiyak
A pro speaks out.....
By: evscisfraud
04 Apr 2005, 09:23 PM EDT
Msg. 67767 of 67767
Jump to msg. #
Posted Apr 4, 2005, 12:15 AM ET by B. Patterson
I really cannot believe all this time being spent on disproving naked shorting. It is blatantly obvious and has now ripped over $2 trillion dollars from the American people.
As a Professional Trader, I see it every day. In fact, this past week alone, a new candidate hit the list. Eltek(ELTK) posted great quarterly numbers about 10 days ago. A smaller float company, it took off to the upside and set a new 52 week high. It came down on profit taking to $3.88, then this past Monday, it broke out from $4.12 to another new high at $6.40. Since that $6.40 on Monday, CIBC World Markets showed up with "the refreshing ask from hell". CIBC had no previous position in ELTK. The stock has 5.49 mil O/S and a flaot of 2.8 mil shares. No insiders have sold any shares nor have they filed to sell any shares. On Monday, the stock traded over 12 million shares...almost 5 times the float.
From that point on Monday, the stock traded over 14 million shares and CIBC shorted and/or sold 6.683 million shares.
How is this possible? It's very possible. And it is very real. It is naked shorting.
After their earning's release on 3/21, ELTK showed up on 3 German exchanges as a listed company WITHOUT THE COMPANY'S CONSENT.
This Friday, they appeared on the Reg SHO FTD list.
I have personally witnessed it myself. I see it all day long. It is not hard to find it.
Take a stock that is trading maybe 500K-1mil shares a day. Take the slow time from 11:30am-1:00pm EST. The MM's are kiting shares on an immediate basis. I will enter an order to buy an obscure amount of shares...like 1423 or 2137 shares. I buy them on the ask. Somebody just sold that many shares that I bought. That sell, and of course my buy, will settle in 3 days. But, the sell is what we are concerned with from the person I bought from.
As I said, the MMs will kite those shares that were sold to me and sell them again. Just watch the tape. Sure enough, a few minutes later at the ask or a penny or two above the ask, here comes the identical same number of shares crossing the tape. If you don't see it in the tape because that ask was bought in partials, you will see it as the best ask lot if and when the price gets there.
The MM's will do it all day long. Tomorrow they will do it again. Four days from now, they will kite shares to replace all the nakeds from today that are settling. Then, they will pass the entire lot off to a hedge for a fee to skirt any FTD's.
Not just in theory, but in provable practice, it takes twice as many shares to make a stock go higher as it does lower.
This is the MAIN reason the MMs are fighting so hard to keep Level 3 out of the hands of the investing public. They scream we should not have access to their complete book. This is so they can hide this illegal practice, and so we can't see their intent to steal the stop-loss shares of so many stocks on their slam campaign.
There are now 9000 hedge funds out there. Plus, the off shore factions that are involved. You can rest assured they have every security on the board covered. It's a little more than one per hedge.
Say what you will to "make us all crazies". It is happening...every stock...every minute...every day.
The American people will call for immediate reform and DEMAND no less than the following:
1). Donaldson...gone
2). 300 attorneys at the SEC...gone.
3). DTCC reform and present officials...gone. No more protection of their illegal $50
bil. a year income.
4). A newly formed SEC comprised of private investors. An SEC formed solely for the purpose of which the Securities Act of 1934 called for...protection of the private
investor.
5). No security prospectus anywhere warns any investor of the perils of naked short selling. Therefore, the SEC by its own admonition has created a securities market
where they have openly committed fraud on the individual investor by allowing any
practice of naked short selling as a part of bonafide market making. By grand-
fathering all previous naked shorting previous to Jan. 2005, they are committing
a second fraud on the American investor. Therefore, the SEC shall immediately be
called to answer some 40000+ charges of fraud and market manipulation.
6). An immediate call of all outstanding short shares. The SEC does know exactly who is
naked short selling our securities. All companies will then re-issue their "auth-
orized" number of short shares. Since "the sum of the parts cannot be more than the
whole", then all the parts are deemed null and void. A private agency will then be
formed to administer the short shares of every US listed company. Seven days notice
will be required to locate the short shares of any US listed security.
7). There will be no more pools of short shares created on a daily basis as naked shares to
counteract the effect of buying on margin. This is called "kiting" shares. It is illegal anywhere else in the world with a check, and illegal in the markets. There is no accountability in this practice and no justification for it. It forces every stock on the board to have twice as
many buyers as sellers for it to appreciate in price.
8). Immediate enforcement of the uptick rule. No more shorting into the bid.
9). Immediate access to Level 3 for all investors. It is not a level playing field until it is a level playing field.
10). No more trading off the board by market makers. All trades must cross the tape
during market hours.
11). No more painting the tape by specialists. The 4pm close is the 4pm close.
12). Immediate reform and disclosure for all hedge funds. They changed the rules with-
out telling anybody. They won't mind if we demand changing the rules for the benefit of the private investor.
13). No get out of jail free cards. No deals. This is the largest crime in World History
and they all need to be made an example of. The practice of shorting should be a
scary endeavor where even the slightest news will cause panic. That was the way it
was designed. For years now, it has been the other way and anybody long a stock
cannot even sleep at nite because the criminals never sleep.
14). An immediate daily publication of all open short interest on a stock, with name or entity and number of shares.
15). Immediate delisting of all companies listed on foreign exchanges without the companies consent.
16). Immediate investigation of all media, reporters, and newswriters who have received funds for writing articles about any company. All payola payments will be found, off-shore accounts will be seized, and those involved immediately thrown in jail. I'm sure a good place to start is CNBC with their off-shore accounts and their blatant attack against Taser. There are a few thousand others. CNBC doesn't report news. They create news. There is no first amendment right to freedom of speech when you harm a stock price through a news story. Even airing a commercial for which you were paid is in fact receiving $$$ for airing slam stories against a company. News is news. Repeating the same news over and over is slamming. And CNBC is guilty as charged.
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ShockRounds(TM) Product Development Partner Announced by Harrington Group
FRIDAY, APRIL 01, 2005 9:24 AM
- Market Wire
SANTA CLARA, CA, Apr 01, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (MDDM) advises that MDM Group subsidiary, Harrington Group Limited today advised the Australian Stock Exchange of a ShockRounds(TM) development initiative:
Harrington Group Limited (Australia) (ASX: HGR) -- (U.S.) (HGRLF) advises that its recent focus has been on accelerating product development and formalizing strategic and commercial relationships. To that effect, Harrington Group and U.S. based Sage Control Ordnance Inc. have entered into a Product Development Partnership Agreement for the next phase of development of Harrington's revolutionary ShockRounds(TM) technology.
Following an in-house review of the 37mm less-lethal ballistics prototype, Harrington and Sage are now working diligently to release functional 37mm and 40mm ShockRounds(TM) prototypes ahead of the previously scheduled mid-year release.
Using the piezo ceramics that have been in development and testing at the Company's defense contractor's laboratory in the U.S., these functional prototypes will be the first generation of Harrington's ShockRounds(TM) ammunition to generate an electric charge. The Company also intends to publicly demonstrate its ShockRounds(TM) functional prototype bullets being fired from a Sage 37mm firearm.
"Our relationship with Sage to expedite the first ShockRounds(TM) commercial products is an important step in our product development phase. Our first versions of the ShockRounds(TM) enabled less-lethal ammunition will be used by law enforcement and corrections to deter rioters and control unruly crowds," said Marshall Couper, Chief Executive of Harrington Group Limited. He added, "The expected increase in effective range of ShockRounds(TM) enabled ammunition, combined with the increased accuracy of the Sage rifled 37mm launch platform is expected to provide law enforcement personnel with a safer policing tool to deal with such situations."
Sage Control Ordnance CEO John Klein said, "Sage is very pleased to be associated with this exciting ShockRounds(TM) technology and to be working closely with Harrington Group during this next phase of their product development."
ShockRounds(TM) introduces an electric charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. See: www.shockrounds.com
Sage Control Ordnance, Inc. was founded in 1991and has developed a reputation for innovation, design and quality production of less lethal 37mm launched products. Sage has considerable experience and knowledge in the sector and is a major supplier of Less-lethal products to over 600 Federal, State and Local Law Enforcement agencies in the U.S.
Sage is well positioned to assist Harrington Group in the law enforcement and military markets, and will be releasing their new 40mm line of less lethal products in June 2005. These products are ultimately expected to be compatible with ShockRounds(TM) enabled ammunition. See: http://sageinternationalltd.com/sco/
Harrington Group is a developer of Homeland Security and Law Enforcement products and solutions including ShockRounds(TM) which is positioned as a major breakthrough in the ammunition, military and law enforcement industries. See: www.hgrltd.com
MDM Group is a development stage research and development Company focused on the Security, Biodefense and Homeland Defense industries See: www.mdmgroupinc.com
Safe Harbor Statement
The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: www.shockrounds.com -- www.hgrltd.com and www.mdmgroupinc.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc
Copyright 2005 Market Wire, All rights reserved.
I think this is great company! I'll be fixin' up the upper part of this board really soon. I've been in and long this company...and following it closely since Jan. 2004. Yes, my initial buy was at .065 cents...about a month and a half before MDDM went to $5.25.
This is a long term hold and accumulate stock/company for me.
More later.
Identity and Security Patent Secured by MDM Group
Patent Controls Internet and Network Identifier or Access Codes of 25 or More Bytes or Characters
SANTA CLARA, CA, Mar 29, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that a legal challenge to the company's rights to and ownership of an important patent in the United States District Court for the Southern District of New York has been resolved in the Company's favor. The time for appeal has passed and the determination is now final.
As a result of this final determination, the Company intends to commence its efforts to commercialize the patent. Company President Peter Boonen stated: "The Court ruling in our favor ends a very frustrating time during which we could not use or deal in our own patent for around four years. We now look forward to being able to move forward and employ our technology to enable financial transactions and other communications to be better secured and to introduce applications that will address the many serious mounting Internet and network based threats such as identity theft, fraud and data security."
The Patent was issued in 1998 when the Internet, finance and banking industries in particular were of the view that 16 character codes were sufficient to protect electronic identities and transactions. The Company's Patent: -- protects the use of unique identification and/or authentication codesof 25 or more bytes or characters on any computer network.-- protects the use of these unique identifiers on programmable fixed andportable electronic and computer media.
Over the next quarter the Company intends to begin actively investigating the current use of long (25 plus) character identifying and authentication codes and to seek to establish commercial arrangements with parties that are using, or intending to use, such keys. MDM Group is a development stage research and development Company focused on the Security, Biodefense and Homeland Defense industries See: http://www.mdmgroupinc.com/
For further information see: http://www.mdmgroupinc.com/
MDM Group is featured on http://www.homelanddefensestocks.com/ a global investment research portal for defense and security. Safe Harbor Statement The information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
Contact: MDM Group, Inc.Trevor Ruehs 866-894-3910Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc. Copyright 2005 Market Wire, All rights reserved.
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Homeland Security, Defense and Human Effects Experts Appointed to Harrington Advisory Board
SANTA CLARA, CA, Mar 22, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that MDM Group subsidiary, Harrington Group Limited (HGR.AX) earlier today advised the Australian Stock Exchange of the appointment of an additional three world-renowned homeland security experts as founding members of the Harrington Group Advisory Board.
Joining Colonel John Alexander, a global authority on non-lethal weapons and defense, will be Dr. Christopher Green, a forensic medicine and electrophysiology specialist, Dr. Edward Stephen, a specialist in pharmacology and bioterrorism defense, and Dr. Allen Bain, a leading pharmacologist focused on specialised drug development including new treatments for disorders of electrically active tissue. The combined expertise of the Advisory Board will provide Harrington with outstanding guidance in strategic product development and commercialisation, and grow the Company's profile in the law enforcement, defense and homeland security sectors.
Harrington Group CEO Marshall Couper said: "All four Advisory Board members have extensive knowledge of Harrington's ShockRounds(TM) electric ammunition technology, as well as outstanding expertise in less-than-lethal weapons, Homeland Security issues and human effects. "Harrington is focused on accelerating its product development, formalising strategic and commercial relationships and securing the expertise of leaders in the field. The formation of a world class Advisory Board is an important step forward in this strategy."
Joining Colonel Alexander are: Christopher C. Green, MD, PhD, FAAFS Dr. Green is in the practice of forensic medicine (American Academy of Forensic Sciences) and neuroimaging (Detroit Medical Center/Harper University Hospital/Wayne School of Medicine). His work clinically relates to his expertise as a neurophysiologist with a specialty in electrophysiology. A special research interest involves the way cognition in "making decisions under stress" are modulated by brain systems and neuromuscular control. He is both a faculty member at the Medical School and Fellow in Diagnostic Radiology, and Executive Director for Emergent Technologies. Dr. Green serves on numerous Department of Defense, Intelligence and National Academy of Sciences Commissions. He Chairs the Science Board for the Undersecretary of the Army for Operations Research and has served as Chair of the Board on Army Science and Technology. He holds the National Intelligence Medal for investigations in forensic intelligence and served as an Officer and continues as a consultant with the Central Intelligence Agency. Edward L. Stephen, DVM Dr. Edward L. Stephen is a specialist in bioterrorism and biodefense and in this field also heads up the biodefense division of MDM Group, Inc (OTC: MDDM). His initial working assignment was at Ft. Detrick where, in the Special Operations Division, he played key roles in bioterrorism defense including assessment of vulnerability of limited targets such as the New York subway system and the Pentagon. Further, he was involved in the R&D of a range of weapons and helped to test and evaluate various kinds of drugs, chemicals, and toxins as they might relate to capture or restraint. Most recently and for the past five (5) years, Dr. Stephen has been a Senior Project Manager at the International Science and Technology Center (ISTC; http://www.istc.ru/). In this role, he has been evaluating the scientific experience and expertise of scientists and support personnel involved in the R&D of biological weapons of mass destruction (BioWMD). He has reviewed the credentials and publications of scientists and support personnel of literally thousands of individuals as the initial step of integrating this experience and expertise into collaborative bio-defense research projects between the governments of Russia and the US. During future visits to Russia, he will be discussing the current and future R&D needs of the Harrington Group with various organisations. Allen I Bain, PhD Dr. Bain is a pharmacologist focused on new drug development including, treatments for disorders of the brain, heart and other electrically active tissue. As a co-founder, officer, or director of several companies spanning nearly two decades, Dr. Bain has participated in leadership roles in both the business and the science of drug discovery. Most notably, Dr. Bain co-founded Cardiome Pharma, whose flagship ion channel modulating drug to treat cardiac arrhythmias is in Phase 3 clinical trials in the U.S., supported by a large pharmaceutical company. Until recently, Dr. Bain was an honorary lecturer at the Department of Pharmacology and Therapeutics at the University of British Columbia, where he was awarded his doctorate in pharmacology in 1994 for his work in neuroscience.
Harrington Group is a developer of Homeland Security and Law Enforcement products and solutions including ShockRounds(TM) -- positioned as a major breakthrough in the ammunition, military and law enforcement industries.
See: http://www.hgrltd.com/ MDM Group is a development stage research and development Company focused on the Security, Biodefense and Homeland Defense industries See: http://www.mdmgroupinc.com/ ShockRounds(TM) introduces an electric charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies.
For further information see: http://www.shockrounds.com/ - http://www.hgrltd.com/ and http://www.mdmgroupinc.com/
MDM Group is featured on http://www.homelanddefensestocks.com/, a global investment research portal for defense and security. Contact:MDM Group IncTrevor Ruehs866-894-3910Trevor@mdmgroupinc.comSOURCE: MDM Group, Inc Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:WeaponsComputers and Software:InternetGovernment:NationalGovernment:Security (law enforcement, homeland etc)
Colonel John B. Alexander to Chair Harrington Advisory Board
SANTA CLARA, CA, Mar. 09, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that MDM Group subsidiary, Harrington Group Limited (HGR.AX) earlier today advised the Australian Stock Exchange: Harrington Group Limited is pleased to advise the appointment of Colonel John B. Alexander, Ph.D. US Army (Retired) as Chairman of the Company's new Advisory Board.
In addition to Colonel Alexander, the Harrington Group Advisory Board will boast a membership of world renowned homeland security and industry experts who will provide input into the Company's product development, commercialisation and overall business strategy. The full Advisory Board, details of which will be released shortly, will also provide advice and guidance in the assessment of alternative law enforcement and homeland security technologies and initiatives.
Colonel Alexander is recognized as one of the world's leading authorities on non-lethal weapons and is credited with developing the modern concept of non-lethal defence. He currently serves as a consultant to the US Joint Special Operations University and is a member of the National Research Council Committee for Assessment of Non-Lethal Weapons Science and Technology in the US. Colonel Alexander continues to consult to the US government and provides guidance in military situations globally. Most recently, he served as a mentor to the senior leadership of the Afghan MOD in Kabul. He previously headed the Los Alamos Laboratory program on non-lethal weapons and has served as the US representative on four international studies conducted by NATO. Colonel Alexander is the author of "Future War" -- recognised as "the bible for those seeking answers to the role of non-lethal weapons in modern warfare," according to General E.C. Meyers, former Chief of Staff, US Army. As a member of the Council on Foreign Relations non-lethal warfare study, he was instrumental in the report that is credited with prompting the Department of Defence to create a formal Non-Lethal Weapons Policy in July 1996. He has also conducted numerous non-lethal warfare briefings to the highest levels of government including the White House Staff, National Security Council, Members of Congress, Director of Central Intelligence and senior Defence officials.
Peter King, Harrington Group Chairman said: "The Company is honoured to have Colonel Alexander on board and looks forward to utilising his vast and diverse experience." Colonel Alexander has gained expertise through a lifetime of achievements in special operations, intelligence, research & development, and through his distinguished military career, which included commanding the Special Forces "A" Teams in Vietnam and Thailand. "Most importantly, however, we see his recent work in the field of non-lethal weapons as being extremely beneficial to Harrington Group," he said. ShockRounds(TM) introduces an electric charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies.
See: http://www.shockrounds.com Harrington Group is a developer of Homeland Security and Law Enforcement products and solutions including ShockRounds(TM) -- positioned as a major breakthrough in the ammunition, military and law enforcement industries.
See: http://www.hgrltd.com
MDM Group is a development stage research and development Company focused on the Security, Biodefense and Homeland Defense industries
See: http://www.mdmgroupinc.com ShockRounds(TM) introduces an electric charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies.
See: http://www.shockrounds.com
For further information see: www.shockrounds.com - www.hgrltd.com and www.mdmgroupinc.com MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security. Contact:MDM Group IncTrevor Ruehs 866-894-3910 Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc Copyright 2005 Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:WeaponsGovernment:Security (law enforcement, homeland etc)Professional Services:Consulting
ShockRounds(TM) Targets Asian Market at Premier Homeland Security Event
Harrington Group Limited in Singapore 29-31 March 2005
SANTA CLARA, CA, Mar. 08, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that MDM Group subsidiary, Harrington Group Limited (HGR.AX), earlier today advised the Australian Stock Exchange: Harrington Group Limited (ASX: HGR) will showcase its ShockRounds(TM) less lethal ammunition technology at Asia's premier Homeland Security event this month, targeting key anti-terrorist, police and internal security markets in the Asia Pacific region.
Following the introduction of ShockRounds(TM) at the recent Australian Police Summit 2005, Harrington will present its patent-pending technology at Global Security Asia 2005 in Singapore from 29-31 March 2005 (www.globalsecasia.com). Hosted by the Singapore Minister for Home Affairs, the conference will be attended by Chiefs of Police, Directors General of Border Control and Immigration, Customs, Counter Terrorist Units and Internal Security from 25 countries within the Asia Pacific Region. While in Singapore, Harrington Group CEO, Marshall Couper, will meet with Senior Government and Industry Officials from a range of Asia Pacific countries to explore opportunities for ShockRounds(TM) and other Harrington products as they are developed. ShockRounds(TM) introduces an electric charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies.
See: www.shockrounds.com Harrington Group is a developer of Homeland Security and Law Enforcement products and solutions including ShockRounds(TM) which is positioned as a major breakthrough in the ammunition, military and law enforcement industries.
See: www.hgrltd.com MDM Group is a development-stage research and development Company focused on the Security, Biodefense and Homeland Defense industries
See: www.mdmgroupinc.com
For further information see: www.shockrounds.com -- www.hgrltd.com and www.mdmgroupinc.com MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:Contact: MDM Group Inc.Trevor Ruehs Group, Inc Copyright 2005
Market Wire, All rights reserved.
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SUBJECT CODE: Aerospace and Defense:WeaponsGovernment:Security (law enforcement, homeland etc)
MDDM ShockRounds Presenting at Australian Police Summet This Week ...
http://www.policesummit.com/
Wednesday 23 February 2005
4.15 - 5.00pm ShockRoundsTM Electric Bullets
Brought to APS05 by ASX-listed Harrington Group, Marshall Couper will make a presentation of the company's revolutionary less-lethal and lethal electric ammunition technology. The presentation will cover:
ShockRoundsTM - what are they?
ShockRoundsTM and Law Enforcement
Electric ammunition technologies, past, present and future
Existing Less-than-lethal technologies and their shortcomings
How electric LLW, in particular ShockRoundsTM can resolve many law enforcement situations
Recent developments with Harrington Group Limited and ShockRoundsTM
Harrington Group CEO to Present ShockRounds Less Lethal "Electric" Bullet Technology at 2005 Police Summit
As Reported to the Australian Stock Exchange Today by MDM Subsidiary - Harrington Group Limited
SANTA CLARA, CA--(MARKET WIRE)--Feb 16, 2005 -- MDM Group, Inc. (Other OTC:MDDM.PK - News) advises that MDM Group subsidiary, Harrington Group Limited (Australia:HGR.AX - News) earlier today advised the Australian Stock Exchange -- See www.asx.com.au (news under symbol "HGR"):
Harrington Group Limited ("Harrington") advises that Marshall Couper, Harrington's CEO, has been invited to deliver an address at the 2005 Police Summit to be held at Kings Wharf Convention Centre, Darling Harbour, Sydney on Wednesday 23 February 2005 (http://www.policesummit.com)./
Harrington is an Exhibitor and a Gold Sponsor at the two-day Summit which is a combination of conference and exhibition that attracts a broad audience of law enforcement professionals from the state and federal police, along with customs and correctional departments.
Other speakers at the Summit include: General Peter J. Cosgrove AC MC -- Chief of the Defence Force; General Pranowo Dahlan from the Anti-Terror Criminal Investigation Department of the Indonesian National Police;
Mr. Carl Scully, NSW Minister for Police; Kevin Kitson, Director of Intelligence at the Australian Crime Commission; and Commissioner Greg Mullins, AFSM of the NSW Fire Brigade.
Marshall, who recently presented at the Jane's 7th Annual Less-Lethal
Weapons Conference in Ireland and at the 2nd International Policing
Conference in Adelaide, stated: "The Police Summit provides Harrington
with the first public opportunity to formally present its ShockRounds™
technology (see http://www.shockrounds.com/ ) following the Company's recent
successful capital raising and re-instatement to ASX."
Although attendance to the Police Summit is restricted to police, customs and security personnel, Harrington has arranged for a small number of restricted passes to be made available to members of the financial community to attend the Company's presentation at 4.15pm on Wednesday 23 February, 2005. For an invitation to this presentation and to the follow-on Police Summit Cocktail event, please contact Sarah at Allchurch Communications Telephone: (08) 9381-6625.
Harrington will release its Summit presentation material to the market via ASX immediately prior to the event.
MDM Group is a development stage research and development Company focused on the security and Homeland Defense industries with interests including the ShockRounds(TM) technology which is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending technology, being developed through MDM Group subsidiary Harrington Group, introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies.
For further information see: www.shockrounds.com -- http://www.hgrltd.com and http://www.mdmgroupinc.com
MDM Group is featured on http://www.Homelanddefensestocks.com a global investment research
http://biz.yahoo.com/iw/050216/081126.html
MDM Group's Australian Subsidiary, Harrington Group Limited, Has Successful Re-Instatement to the Australian Stock Exchange
Harrington Group Limited Provides 15C2-11 Information Statement
SANTA CLARA, CA--(MARKET WIRE)--Feb 8, 2005 -- MDM Group, Inc. (Other OTC:MDDM.PK - News) advises that MDM Group subsidiary, Harrington Group Limited (Australia:HGR.AX - News) earlier today had a successful re-instatement on the Australian Stock Exchange following the completion of acquisition of the ShockRounds(TM) technology and the oversubscription of the Australian public offering. Over two million shares were traded at a premium to the offering. As Harrington Group securities are also traded on the OTC Pink Sheets market under symbol (Other OTC:HGRLF.PK - News), MDM advises that a 15C2-11 Information Statement is available for information at the Harrington Group website http://www.hgrltd.com/.
US Investors, Market Makers and Brokers should note that the Harrington Group capital has been consolidated on a 2:5 basis resulting in two (2) new shares issuing for every five (5) shares previously held. All trading is now on the post consolidation basis. (This consolidation does not apply to the recent public offering shares that were subscribed for at AUD$0.20 per share or to the MDM Group vendor shares).MDM Group is a development stage research and development Company focused on the security and Homeland Defense industries with interests including the ShockRounds(TM) technology which is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending technology, being developed through MDM Group subsidiary Harrington Group, introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. See: http://www.shockrounds.com/
Safe Harbor StatementThe information in this release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act of 1995. Projection and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company -- although given in good faith -- are inherently uncertain and actual events and/or results may differ materially.
For further information see: http://www.shockrounds.com/ - http://www.hgrltd.com/ and http://www.mdmgroupinc.com/ MDM Group is featured on http://www.homelanddefensestocks.com/ a global investment research portal for defense and security.
Contact:
MDM Group IncTrevor Ruehs866-894-3910Trevor@mdmgroupinc.com Source: MDM Group, Inc
MDM Group Reports Progress of Its ShockRounds(TM) Less-Lethal Munitions Project
Thursday February 3, 10:51 am ET
Harrington Group Limited (ASX.HGR) to Commence Trading February 8, 2005
See link:
http://biz.yahoo.com/iw/050203/080303.html
MDM Group Completes Merger of Its ShockRounds(TM) Less-Lethal Munitions Subsidiary
SANTA CLARA, CA -- (MARKET WIRE) -- 01/27/05 -- MDM Group, Inc. (OTC: MDDM) advises that Harrington Group Limited has advised that all conditions precedent to the transaction with MDM Group have been met and all stock issues are now being completed, including issue to shareholders for the oversubscribed Australian Public Offering for Harrington Group Limited shares.
The Australian Stock Exchange has also advised the market that Harrington Group securities will be reinstated for public trading on the Australian Exchange on Thursday February 3, 2005 under symbol (ASX: HGR).
For information purposes the Prospectus can be accessed at http://www.hgrltd.com/ and together with past information provided through the Explanatory Notes and KPMG Independent Experts Report released on 23 September 2004 these documents provide a detailed overview of the Company's subsidiary Harrington Group Limited and the ShockRounds(TM) Project and transaction.
The completion of the Harrington Group transaction and capital raising will complete the first major phase of the MDM Group strategy and development and will see MDM Group emerge as the controlling shareholder of a fully funded and publicly listed subsidiary company that will be developing ShockRounds(TM) in its own right.
MDM Group is a development stage advanced technologies research and development Company focused on the security and Homeland Defense industries with interests that include the ShockRounds(TM) technology which is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending development introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. See: http://www.shockrounds.com/
For further information see: http://www.shockrounds.com/ -- http://www.hgrltd.com/ and http://www.mdmgroupinc.com/
MDM Group is featured on http://www.homelanddefensestocks.com/ a global investment research portal for defense and security.
Contact:
MDM Group Inc
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
Financing for the ShockRounds(TM) "Electric" Less-Lethal Bullets Project Oversubscribed
Harrington Group Ltd Closes Public Offering Oversubscribed
SANTA CLARA, CA--(MARKET WIRE)--Jan 20, 2005 -- MDM Group, Inc. (Other OTC:MDDM.PK - News) advises that Harrington Group Ltd earlier today advised the Australian Stock Exchange that its Public Offering has closed oversubscribed.
Harrington Group and MDM Group are now in the final stages of the transaction closing and the reinstatement of trading in Harrington Group shares is expected within the next two weeks.
For information purposes the Prospectus can be accessed at www.hgrltd.com and together with past information provided through the Explanatory Notes and KPMG Independent Experts Report released on 23 September 2004 these documents provide a detailed overview of the Companies and the ShockRounds(TM) Project.
The imminent ShockRounds(TM) Project closing will complete the first major phase of the MDM Group strategy and development and will see MDM Group emerge as the controlling shareholder of a fully funded and publicly listed subsidiary company that will be developing ShockRounds(TM) in its own right.
MDM Group is a development stage advanced technologies research and development Company focused on the security and Homeland Defense industries with interests that include the ShockRounds(TM) technology which is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending development introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. See: www.shockrounds.com
For further information see: http://www.shockrounds.com - http://www.hgrltd.com and http://www.mdmgroupinc.com
MDM Group is featured on http://www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group Inc
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
OTCStockExchange.com - GAXY, FLYI, MDDM, TASR
Rochester, NY, Jan 11, 2005 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com`s "Stock Watch Alert" this morning are Galaxy Minerals ( GAXY ), FLYi, Inc. (NasdaqNM: FLYI), MDM Group, Inc. (Pink Sheets: MDDM), Taser International Inc (NasdaqNM: TASR).
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Galaxy Minerals (OTCBB: GAXY - http://finance.yahoo.com/q?s=GAXY.OB ): Galaxy Minerals announced on December 16th, 2004 that the Yellow Jacket Gold Mine located in the Oro Blanco Mining District, Santa Cruz County, Arizona will commence production operations pending the final outcome of a multi-million dollar financing deal with completion expected in 45 days or less.
In addition, Galaxy Minerals stated that even though we have not completed work relating to grades, talks with Senior Geologist Craig Parkinson concluded that from historical data the values were quite high but explained that even at a low 1/4 ounce per ton, that's approximately 285,000 Ounces of Gold just on the Yellow Jacket Mine (not including the minerals on the adjoining Phoenix Mine).
President/CEO Matthew Symonds Remarked that "In my opinion, Galaxy Minerals Inc. is destined to be a world class exploration and mining corporation. The decision to mine the Yellow Jacket Gold Mine is something that was not just thought of overnight. Everyone in our company has given 101% of themselves to get to where we are now and all that hard work and time is paying off."
Spearheading the Yellow Jacket Mine project is Senior Geologist Craig Parkinson of Parkinson Geologic Services (Parkinsongeologic.com), who has over 25 years experience and is a registered practicing geologist in 12 States (AZ-REG#30843 & AIPG#10098). He is currently reviewing all available data including recent Drilling and subsequent sampling and is expected to confirm the average Gold grade and the initial blocked out gold reserve for the Yellow Jacket Mine.
ABOUT GALAXY MINERALS ( http://www.galaxyminerals.com ) Galaxy Minerals, Inc. is incorporated in the State of Florida and trades on the OTC BB under the symbol GAXY.OB. Its main focus is that of Mining & Mining Exploration. Included in Galaxy Mineral's portfolio in various forms of JV and interest earning ventures are:
PERU.
The Culebrillas Gold Mine situated in the Pataz Gold Belt of Northern Peru has a potential Inferred Gold Resource in excess of 3,000,000 ounces, based upon independent historical data calculations, extensive sampling, previous drilling programs, and actual pilot plant production for the past 10 years. Galaxy has acquired certain mineral rights in Peru, to develop the Culebrillas mine.
ARIZONA.
OATMAN GOLD & LEXINGTON PATENTED GOLD PROJECTS Galaxy Minerals Inc. has a 75% interest in 7 patented and 76 unpatented mining claims in and around Oatman Arizona.
YELLOW JACKET GOLD MINE & PHOENIX GOLD PROJECT Galaxy currently holds a 51% interest in the patented Yellow Jacket Gold Mine in Southern Arizona and the adjoining Patented Phoenix Gold project.
FLYi, Inc. (NasdaqNM: FLYI - http://finance.yahoo.com/q?s=flyi ): FLYi, Inc., parent of low-fare airline Independence Air, stated today that it has finalized an agreement with GE Commercial Aviation Services, Inc. and certain of its affiliates ("GECAS") to provide for the early termination of leases on ten regional jet aircraft during the first quarter of 2005. The ten aircraft will be removed from service after February 1 and will not affect the company's flight schedule that is currently available for booking. The agreement also does not affect the company's Airbus A319 operations, which will continue to operate on their previously announced schedules, with existing non-stop service between Washington Dulles International Airport and Tampa and Orlando, and new non-stop service from Washington Dulles to West Palm Beach, FL to begin on February 1, 2005 and service to Fort Myers, FL beginning February 17, 2005.
In addition to the agreement for early lease terminations on ten regional jet aircraft, the company has also entered into a memorandum of understanding ("MOU") with GECAS that, subject to satisfaction of a number of conditions, provides for GECAS to extend the company a secured 5-year term loan in the amount of $19.5 million, and addresses the restructuring of obligations with respect to 27 additional regional jets as to which GECAS has provided financing. Specifically, with respect to these regional jets, the MOU provides for the early termination of leases for between six and ten additional regional jet aircraft during the second quarter of 2005 under terms similar to the first ten aircraft and, provides that GECAS will consent to the restructuring of rentals to defer a significant portion of the payments due through April 30, 2006. The MOU is subject to a number of conditions, including the approval of the remaining financing parties in the 27 aircraft to restructure payments which are due to them, and including the requirement that the company reach similar agreements with the lenders and lessors on other aircraft. The company is filing an SEC Form 8-K setting forth additional information on the company's agreement and MOU with GECAS.
The company views the agreement and MOU with GECAS as an important step in the company's efforts to restructure its obligations with its aircraft lenders and lessors. The company is continuing to engage in discussions and negotiations with those parties. However, there is no assurance that the conditions in the MOU with GECAS will be satisfied, including the condition that other aircraft financing parties agree to defer or restructure the company's obligations on similar terms, or that the company otherwise will be able to address and resolve its liquidity issues.
Independence Air currently offers service to a total of 38 destinations- with flights to West Palm Beach, FL scheduled to begin on February 1st and service to Fort Myers, FL scheduled for February 17th. The Independence Air hub at Washington Dulles is the largest low-fare hub in America in terms of total departures. For more information about FLYi, Inc. and Independence Air, please visit our website at http://www.FLYi.com.
MDM Group, Inc. (Pink Sheets: MDDM - http://finance.yahoo.com/q?s=MDDM.PK ): MDM Group, Inc. -- Non Lethal Weapons for Law Enforcement, Military and Anti-Terrorism is a development stage advanced technologies company working on ShockRounds(TM) which are a potential breakthrough product for the law enforcement industry, the military and border control and anti-terrorism initiatives, due to their versatility and multiple applications. When fired, a ShockRounds(TM) specialized bullet generates an extremely high voltage charge.
This voltage discharges instantly upon impact causing immediate target incapacitation.
Taser International Inc (NasdaqNM: TASR - http://finance.yahoo.com/q?s=tasr ): Taser International Inc.'s stock plunged more than 22 percent Tuesday after the company said it may see some delays in orders in the first half of fiscal 2005, as potential customers test and evaluate rivals' products.
The Scottsdale, Ariz. stun-gun maker made the disclosure in an open letter to shareholders and customers -- which the company normally only publishes in conjunction with it annual report -- intended to ease investors' concerns amid an informal Securities and Exchange Commission inquiry into the safety of its less-than-lethal weapons and the timing of a sale to a distributor.
Since its disclosure of the informal SEC inquiry, Taser shares have plummeted more than 43 percent from its closing Jan. 6, including a drop Monday of 11.8 percent.
After the markets closed Jan. 6, Taser said it was cooperating with the informal SEC inquiry into its safety statements, as well as a sale to distributor Davidson Inc.
The sale raised the eyebrows of at least one analyst, Gradient Analytics' Rob Miceli, given that it came just 11 days before the end of the quarter, possibly allowing the company to meet its fourth-quarter and full-year revenue forecasts.
Morgan Keegan told clients in a note Tuesday that although it's maintaining its "market perform" rating on the stock and likes its long-term prospects, it has concerns regarding the SEC inquiry, as well as rivals' product offerings.
"We are also concerned that potential competition may slow down Taser sales to the law enforcement community in the first half of 2005," said the broker in a note. "We see some competition coming into the company's market in the next few of months. We believe that despite these new entrants, Taser will continue to penetrate domestic and international markets."
Insider sales explained
In addition, Taser disclosed insider sales, in which Phil Smith, who retired as chairman Dec. 31, sold most of the Taser stock he owned.
Meanwhile, co-founders Tom Smith and Rick Smith sold about 22 percent of their respective Taser share holdings in the fourth quarter.
"We still retain a significant majority of our personal assets," Tom Smith and Rick Smith said in the letter. "Hence, we feel that the rumors about us 'bailing out' are not fair, nor accurate."
Executives at Taser International have profited well from the company's sharp stock swings over the past year, despite controversial news reports about the company's main product.
According to insider trading data from Thomson Financial, executives and board members at Taser sold more than $125 million of shares during 2004.
In the previous year, insider sales totaled about $17.3 million, according to Thomson data.
The bulk of those sales came in November, as Taser shares crossed into record territory above $30, on a split-adjusted basis. Insiders sold off $61.6 million of shares during the month.
Members of the company's founding family have made the most profitable insider transactions this year.
Chairman Phillips Smith and sons Patrick and Thomas -- who serve as the company's CEO and president, respectively -- sold about $105 million of shares in 2004. A portion of those shares were acquired through the exercise of options.
The stock made sharp swings in both directions last year as news of new contracts was offset by reports questioning the safety of the company's products.
On November 8, Taser shares jumped 16 percent after its stun guns were cleared for use aboard planes by the U.S. Transportation Security Administration.
That gain was offset by a New York Times article later in the month reporting an unreleased government study that reportedly found the company's stun guns to be dangerous in certain circumstances.
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OTCStockExchange.com (OTCS) based upon information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by OTCS to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OTCS is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.otcstockexchange.com or mentioned herein.
OTCS has been compensated by third party shareholders or with cash from the company on behalf of one or more of the companies mentioned in this opinion.
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HomelandDefenseStocks.com Launches new Homeland Security Portal for the Non-Lethal Sector: http://www.nonlethalstocks.com/, Featuring Public Companies Law Enforcement Associates (OTCBB: LENF) and MDM Group, Inc. (OTC.PK: MDDM)
POINT ROBERTS, WA, January 10, 2005 - HomelandDefenseStocks.com (HDS), an investor news portal for the Homeland Defense and Security Sector, announces the launch of a new portal within its content umbrella, http://www.nonlethalstocks.com/. The new site features a directory of public and private Non-Lethal and Less Lethal Companies, Homeland Defense & Homeland Security Stocks, news on Non-Lethal weapons, Non-Lethal Defense news and links as well as exclusive HDS articles. Stocks within the Non-Lethal and Less Lethal sector have been the subject of speculation and have seen spikes and declines as investors search for the next "Taser".
Our Current List of Non Lethal Public Companies
http://www.nonlethalstocks.com/NS/Stock_List.asp
Exclusive Non Lethal Articles:
The Lowdown on Non-Lethal: Taser International Inc. & MDM Group, Inc
Non-Lethal Energy Weapons "On the Road to Star Trek's Phaser"
Additional HDS Homeland Security Web Sites Recently Launched:
http://www.borderandportsecurity.com/
http://www.biodefensestocks.com/
http://www.rfidinvesting.com/
Upcoming RFID Online Investor Forum: January 26th http://www.rfidinvesting.com/Forums/Portals/RFID.aspx
Overview of 2005 Online Investor Forum Schedule
http://www.investorideas.com/forums/
Hear HomelandDefenseStocks.com every Friday at: 08 and: 38 after the hour for the Business of Homeland Security only on HomelandDefenseRadio.com.
HDS and NonlethalStocks.com do not make recommendations, but offer unique, free information portals to investors to research news, articles, interviews and a growing list of participating public companies.
NonlethalStocks.com featured profiled companies: (HDS is compensated by companies as disclosed in disclaimer)
Law Enforcement Associates (OTCBB: LENF) http://www.leacorp.com/ - Law Enforcement Associates (OTCBB: LENF) manufactures and markets a diverse line of undercover surveillance products including a complete line of audio surveillance equipment and a new less lethal technology for the Military, law enforcement, security and corrections personnel throughout the world.
Live video of stun gun (with FMT technology) firing is available for viewing on the LEA website http://www.leacorp.com/. The video contains footage of Paul Feldman, president of Law Enforcement Associates, being shot by the LEA stun pistol prototype. Mr. Feldman was wearing a CLASS IIIA bulletproof vest during the test.
MDM Group, Inc. (OTC.PK: MDDM) http://www.mdmgroupinc.com/ - Non Lethal Weapons for Law Enforcement, Military and Anti-Terrorism is a development stage advanced technologies company working on ShockRounds(TM) which are a potential breakthrough product for the law enforcement industry, the military and border control and anti-terrorism initiatives, due to their versatility and multiple applications. When fired, a ShockRounds(TM) specialized bullet generates an extremely high voltage charge. This voltage discharges instantly upon impact causing immediate target incapacitation.
HomelandDefenseStocks.com Featured companies: Aegis Assessments, Inc. (OTCBB: AGSI), Aethlon Medical, Inc. (OTCBB: AEMD), Bulldog Technologies, Inc. (OTCBB: BLLD), Gabriel Technologies Corp (OTCBB: GWLK), Law Enforcement Associates (OTCBB: LENF), Markland Technologies, Inc. (OTCBB: MRKL), MDM Group, Inc. (OTC.PK: MDDM), OnScreen Technology, Inc. (OTCBB: ONSC), Roaming Messenger, Inc. (OTCBB: RMSG), Snocone Systems Inc. (OTCBB: SCOS). http://www.investorideas.com/About/News/Clientspecifics.asp
HomelandDefenseStocks.com includes a growing list of public companies in the sector. Click here for a partial list of companies involved in homeland defense and security technology and solutions in Airport Security, Biodefense, Biometrics, Defense, Internet Security, Integrated Security, Military, Border and Port Security.
http://www.HomelandDefenseStocks.com/Companies/HomelandDefense/Stock_List.asp
Read the exclusive InvestorIdeas.com Feature "The Insiders Corner," a weekly feature by well-known financial writer and author Michael Brush. http://investorideas.com/insiderscorner/
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TO SIGN UP, click here: www.InvestorIdeas.com/Resources/Newsletter.asp
Disclaimer: ECON Corporate Services Inc (ECON) is the owner of this domain.
ECON is a privately owned corporate communications company specializing in: media relations, investor relations, and research on public companies and industry sectors, for the investment community. Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. All investments involve risk. Past performance does not guarantee future results, therefore investigate before you invest! Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented. We encourage all investors to use our sites only as a resource to further their own research.
The site is compensated by its "Featured Companies," as outlined in our on-line disclaimer at www.InvestorIdeas.com/About/Disclaimer.asp. Featured companies - Law Enforcement Associates: Four thousand dollars per month plus one thousand shares of one hundred forty four stock per month. MDM Group, Inc.: Three Thousand Dollars per month, plus Twenty Thousand shares per month.
HomelandDefenseStocks.com is a Registered WA Trade Name, Federal Trade Mark Filed and Pending
For more information contact:
Dawn Van Zant / Trevor Ruehs
Toll free: 800-665-0411
Email: dvanzant@HomelandDefenseStocks.com, truehs@HomelandDefenseStocks.com
Illegal naked short selling has been problematic for microcap stocks for many years. Do you believe that the new Regulation SHO will have a positive effect on this stock ?
ShockRounds(TM) "Electric" Less-Lethal Bullets Project Approved by Harrington Group Shareholders
SANTA CLARA, CA, Oct. 28, 2004 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that as reported by Harrington Group (ASX: HGR) to the Australian Stock Exchange, the shareholders meeting overwhelmingly approved the acquisition of the ShockRounds(TM) project. The Harrington Group release to the Australian Stock Exchange is available at http://www.asx.com/.au under releases for symbol "HGR." The Harrington public offer document is now being completed and will be released publicly during the course of November 2004. It is noted that in Australia, as required by the Listing Rules, trading in Harrington Group securities is now suspended until completion of the public offering.
Further, ShockRounds(TM) will have a display booth and be featuring at the 2nd International Policing Conference 2004 being held in Adelaide, Australia next week on 1st - 3rd November 2004. Mr Couper, the ShockRounds(TM) CEO will be presenting at the Conference as will Colonel John B Alexander, US Army (Ret), the Chairman of the ShockRounds(TM) Advisory Board, as a keynote speaker. The ShockRounds(TM) COO, Mr Taylor Fogelquist and MDM Group President, Mr Peter Boonen will also be attending. The Conference theme "Safety and Security in a Hi-Tech World" will feature speakers representing leading organizations from the USA, UK, Europe, Asia, Canada and Australia in the fields of law enforcement, technology, business and finance. Mr Couper's presentation will make up part of the Less-Lethal Forum which brings together the world's foremost less-lethal subject matter experts in this specialised field. (See: http://www.ipc2004.com//programs.shtml )
About ShockRounds(TM)
The ShockRounds(TM) technology is positioned as a major breakthrough in the munitions, military and law enforcement industries. This patent pending development introduces an "electric" charge to traditional ammunition and other projectiles such as rubber bullets through the combination of existing ballistic and piezoelectric technologies. The planned ShockRounds(TM) products have the potential to introduce to law enforcement and military, a new, more powerful, yet safer and less lethal level of stopping power combined with a product performance and versatility that is unmatched in today's market. A proof of concept prototype demonstration can be viewed at: www.comcourse.com/piezo_web_15fps.mov
Given the global emphasis on law enforcement, security and terrorism prevention, the need for new and more effective less-lethal weapons could not be more acute. ShockRounds(TM) technology will satisfy the demands of all these markets needs as it will introduce greater versatility, safety and options for the personnel that work in these sectors.
Further information at: http://www.shockrounds.com/ and http://www.mdmgroupinc.com/. MDM Group also features on http://www.homelanddefensestocks.com/ a global investment research portal for defense and security.
Contact:
Trevor Ruehs
866-894-3910
Trevor@mdmgroupinc.com
SOURCE: MDM Group, Inc
Copyright 2004 Market Wire, All rights reserved.
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Created
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08/12/04
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Type
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Free
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Last Trade Time: |