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Telzuit Medical Technologies: Update on Utilization of the STATPATCH System
ORLANDO, FL, Sep 05, 2007 (MARKET WIRE via COMTEX) -- Telzuit Medical Technologies, Inc. (OTCBB: TZMT)
-- Telzuit now utilizing the STATPATCH System in physician practices
using PDAs and in Nursing Homes using PCs.
-- The Company is waiting on AT&T to certify the Palm Treo 750 utilizing
Windows Mobile 6.0 before it can broaden the roll-out.
-- Telzuit is in negotiations with various parties to serve as partners
in Europe and Asia.
Telzuit is now operational utilizing both its PDA-based and PC-based STATPATCH System. The Company expects sales to ramp up significantly over the next several months when AT&T certifies the Treo 750 for Windows Mobile 6.0. We expect this to happen soon.
About Telzuit Medical Technologies, Inc.
Telzuit Medical Technologies, Inc. is dedicated to providing advanced mobile medicine to patients. The STATPATCH System is a full 12-lead, completely wireless Holter monitor. The STATPATCH System has been approved by the FDA under a 510-K filing. Telzuit also provides ultrasound medical imaging services to physicians in Central Florida through six mobile imaging units. Telzuit is based in Orlando. For more information about Telzuit, its business model and its products, please visit the Company's web site: http://www.telzuit.com
Forward-Looking Statements: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the health products industry, customer acceptance of products, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Telzuit results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Telzuit undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
Contact:
Jerry Balter
Chief Financial Officer
Telzuit Medical Technologies, Inc
407-354-1222
SOURCE: Telzuit Medical Technologies, Inc.
Looks like around May 05 it hit $9.61 and now its .17
Just wondering what happened.
I guess I have to get an idea of the potential here and decide what to do about it.
Panzer6 what do you mean?
Telzuit merged with Taylor Madison in 2005.
The share started around $7.00 because everybody thought they bring out the device to the market in 2006.
But delays, delays and delays.
So finally the new Management finished the product and started selling the device.
Good news !!!
Maybe we see the share back to $7.00 one day.
This was near $10 once what happened???
Just heard of it last week so Im just starting to look at it.
http://stockcharts.com/charts/gallery.html?TZMT
ORLANDO, FL, May 31, 2007 (MARKET WIRE via COMTEX) -- Telzuit Medical
Technologies, Inc. (OTCBB: TZMT)
-- Yesterday, Telzuit began selling the STATPATCH System through its distribution partner American Radiologist Network (Amrad) to nursing home patients in North Carolina.
-- Amrad expects to roll out the product to its 250+ nursing home clients in North Carolina over the next several months and then the parties hope to expand the relationship to other states where Amrad provides services.
-- New Line Medical has begun to take orders for delivery of the PDA version of the product.
Yesterday, May 30, 2007,
the management teams of Telzuit and Amrad were on hand in North Carolina to begin the roll out of the product to nursing homes and assisted living facilities in North Carolina. Amrad took delivery of the patches and has begun to roll out the product. Use of the STATPATCH System by Amrad's affiliate to its clients is about to begin. We expect to generate billable events in June.
Telzuit's distributor, New Line Medical, has begun pre-marketing the product in the seven states where it does business and has begun to sign up physician practices which will begin to use the product later in June.
Warren Stowell, CEO of Telzuit, commented that "Our Company has entered a new phase in its life cycle. We have begun the sales process. The early response from potential users of the STATPATCH System has been excellent."
Telzuit is building inventory to accommodate sales. It is also in the process of signing up additional distributors to expand the territories where it will have a presence.
If somebody is interested in the Yahoo Message board "Telzuit" here is the link:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_T/messagesview?bn=44791
This is not a pink by the way. Lot of short sellers, I hope their butts get burned here soon. Lot's of good news all.
Telzuit Medical Technologies: Telzuit and New Line Medical Sign Co-Marketing Agreement
ORLANDO, FL, May 07, 2007 (MARKET WIRE via COMTEX) -- Telzuit Medical Technologies, Inc. (OTCBB: TZMT)
-- New Line to distribute the STATPATCH system in Louisiana, Texas,
Alabama, Mississippi, Tennessee and Florida.-- We expect to begin shipping product to these markets in June.Telzuit Medical Technologies, Inc. (OTCBB: TZMT) announced that it has signed a
co-marketing agreement with New Line Medical, Inc. to service New Line's
customer base in the southeastern US beginning in June 2007. Telzuit is
currently building inventory to service the anticipated volume that New Line
will generate in its markets.New Line Medical is a Louisiana corporation founded in 1992. New Line Medical is
a distributor of point-of-care testing to physician offices with sales
representatives spanning across 6 southern states. New Line Medical was one of
the first distributors of Neurometrix, Inc.'s neurodiagnostic system.Telzuit expects to announce more co-marketing and marketing arrangements over
the next several weeks as it begins to create a national network of product
distributors.
TZMT News:
Telzuit Medical Technologies: Orders Received
Thursday , May 03, 2007 14:07 ET
ORLANDO, FL -- (MARKET WIRE) -- 05/03/07 -- Telzuit Medical Technologies, Inc. (OTCBB: TZMT)
-- The Company will ship 250 patches to its nursing home client at the
end of May 2007
-- The Company's physician office distributor will begin to receive
product in the middle of June
Telzuit Medical Technologies, Inc. (OTCBB: TZMT) announced that it will begin shipping product in late May to its collaborator servicing nursing homes and in the middle of June to one of its physician offices distributors. After a number of years of development and the corrections made to the product design over the last year, Telzuit is ready to roll out the product.
We can not yet predict how quickly the STATPATCH System will be accepted by the market and will not ramp up production until we can predict the uptake of the product.
Warren Stowell, CEO of Telzuit, stated that the Company has had to rework the product in its entirety which has resulted in significant delays in full scale entry into the market. "I am very pleased with the progress we have made and we are now ready to begin a new phase in the Company's life."
About Telzuit Medical Technologies, Inc.
Telzuit Medical Technologies, Inc. is dedicated to providing advanced mobile medicine to patients. The STATPATCH System is a full 12-lead, completely wireless Holter monitor. The STATPATCH System has been approved by the FDA under a 510-K filing. Telzuit also provides ultrasound medical imaging services to physicians in Central Florida through six mobile imaging units. Telzuit is based in Orlando. For more information about Telzuit, its business model and its products, please visit the Company's web site: http/www.telzuit.com
Forward-Looking Statements: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the health products industry, customer acceptance of products, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Telzuit results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Telzuit undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
--------------------------------------------------------------------------------Contact:
Jerry Balter
Chief Financial Officer
Telzuit Medical Technologies, Inc.
407-354-1222
Source: Telzuit Medical Technologies, Inc.
Never heard word one. You would believe a "pink" would want to keep everyone happy (or at least off balance) :)
They never replied nor acknowledge my correspondence. So much for a company that should be responsive to the stockholders :)
Just noticed Yahoo has a board now
I think this is the first time they have created a board for an OTC stock. Not sure why they did, but I think I will be posting there from now on.
Hey Goodlive
I like your optimistic view of the company, but you should look more closely and the most recent filing. You are correct, as of right now, there are 35.9 million shares. However, as a result of the new equity financing the company received, the new outstanding amount will become 83.4 million + 15 million for the employee stock plan. Read the SEC report one more time and you will see this. This is why they are asking to increase the share count to 125 million.
I don't like the dilution, but it's definitely real and we can't do anything about it. All I know is that a 100 million shares is a lot!
Outstanding shares 35,864,728
All Officers and Directors as a Group 13,201,852
I think the decision is not made.
Wait what the other shareholders think !!!!!!!!
well, might be a good idea to short this stock if this is true...
Have they still not replied? It's been a month, that should be plenty of time for a reponse to a concerned shareholder.
Have you read the report?
http://www.sec.gov/Archives/edgar/data/1093837/000119312507009951/ddef14a.htm
The options/shares/warrants have already been issued. Since management controls the majority of the shares, the shareholders vote will not have much of an impact on their course of action.
That's the decision of the shareholders!
If they think there is no need right now for more shares outstanding for employees, they do not vote for it.
So wait and see what going on 2/27/2007 shareholder meeting.
Don't be a wizard and predict the worse.
His point is that the company issues options, shares and warrants like its Monopoly money. Including these shares takes the company to a total of 83.4 million shares. Add to this their new employee share plan and you have a lot of shares outstanding!!!!
Who knows Joe Black ???
First time in our Post, not answering and beeing the "Death".
I saw the movie "Meet Joe Black" but this "Death" was very smart.
So let us know, what you know !!!
If not, don't scare people away from there dreams to make some money, because that's our AMERICAN DREAM.
We believe in this company, because they have a great idea and we think they can do it.
It's your turn "Joe Black"
What's your point?
You should explain it with arguments – they did.
Do you know if the shareholders agree?
Please let us know if you have detailed info about
“Printing Press!!! Dilute to Death!!”
Printing Press!!! Dilute to Death!!
NOTICE AND PROXY
PROPOSAL NO. 2
APPROVAL TO AMEND THE
ARTICLES OF INCORPORATION TO INCREASE
THE NUMBER OF AUTHORIZED SHARES OF COMMON STOCK
After considering the current number of shares of issued and outstanding common stock, our current outstanding equity obligations, and various other factors discussed below, our Board of Directors has approved and is recommending to our shareholders for approval at the Annual Meeting a proposal to amend the Articles of Incorporation to increase the number of shares of Common Stock authorized and available for issuance from 100,000,000 to 125,000,000 shares. If the increase is approved, we will amend our Articles of Incorporation to effect the increase, as set forth below. The increase in the number of shares of authorized Common Stock as reflected in this Proposal No. 2 does not alter or change the powers, preferences, or special rights of the holders of our existing shares of Common Stock or Series A Convertible Preferred Stock.
http://sec.gov/Archives/edgar/data/10938...
I think, now is the time to buy more shares.
If they fix the result issue the company starts to earn more revenues. IMO - looks good !!!
This looks pretty good to me: Telzuit Achieves Two Additional Milestones
Monday January 8, 4:15 pm ET
ORLANDO, Fla., Jan. 8 /PRNewswire-FirstCall/ -- Telzuit Medical Technologies, Inc. is pleased to announce that it has achieved two additional milestones as outlined in its 10% Senior Convertible Debenture offering. These milestones were the achievement of a monthly cash burn rate of $100,000 or less and an annualized revenue run rate from its clinic operations of greater than $1,020,000. The Company has now achieved 7 of 8 milestones related to the debenture offering. Therefore, there will be no adjustment to the conversion price of these debentures and related securities.
- For the month of December 2006, the Company's cash burn rate was less
than $100,000. We have taken the actions that have resulted in
sustainable reductions in expenses. Combing these reductions with
improved cash flow from the recently acquired mobile imaging clinic
business has helped the Company achieve this milestone.
- Clinic operations have significantly exceeded a revenue run rate of
$1,020,000 per annum for both the quarter ending December 31, 2006 and
for the month of December. Clinic operations included the Company's two
free-standing walk-in clinics and its six mobile imaging clinics.
Technology/ STATPATCH Update
Progress continues to made on the technology front, although there have been some setbacks as well. In October 2006 we sold $10,000 of the STATPATCH System to a physician practice that has utilized the patches on its patients and received usable and billable EKG data from these patients. We discovered during this process that the PDA device used to transit the EKG data had a failure rate of approximately 6% as a result of issues with the "BlueTooth" component of the PDA. We are working to resolve these issues utilizing a combination of in-house resources and three different outside software consulting firms. Palm, Inc., the manufacturer of the PDA device is also using its engineering resources to find a solution to the problems. We expect to receive feedback from these resources by the middle of February 2007.
We have also engaged a consulting firm to help us migrate the Palm O/S software to a Windows environment. We believe this greatly expands our flexibility and opportunity going forward.
Meetings
We have filed our Proxy Statement with the SEC and expect the Company's annual meeting to be held in Orlando on February 27, 2007. Details of the meeting are included in the Proxy Statement that will be mailed to shareholders when approved by the SEC.
Management has also set up a series of meeting with shareholders during January.
- On January 11, management will be presenting to shareholders in
Youngstown, Ohio
- On January 17, management will be presenting to shareholders in the
Minneapolis, MN area.
- On January 22-24, management will hold a series of meeting in New York
City.
If you wish to meet with management at these times please contact Morgan Wilson at 407-354-1222.
About Telzuit Medical Technologies, Inc.
Telzuit Medical technologies, Inc. is dedicated to providing advanced mobile medicine to patients. The STATPATCH System is a full 12-lead, completely wireless Holter monitor. The STATPATCH System has been approved by the FDA under a 510-K filing. Telzuit also operates two walk-in medical clinics in the Orlando area and provides ultrasound medical imaging services to physicians in Central Florida through six mobile imaging clinics. Telzuit is based in Orlando. For more information about Telzuit, its business model and its products, please visit the Company's web site: http/www.telzuit.com
Forward Looking Statements: Except for factual statements made herein, the information contained in this press release consists of forward looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the health products industry, customer acceptance of products, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and Telzuit results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and Telzuit undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.
For more information please contact:
Jerry Balter
Chief Financial Officer
Telzuit Medical Technologies, Inc.
407-354-1222
jbalter@telzuit.com
I agree! Just givin info!
Let us know what they write back.
Other shareholders should do the same !!!
James P. Tolan tendered his resignation as the Company’s Senior Vice President, but he stays at a Director. So whatever, he has his reason to leave, but if he would not believe in the company, he would have sold his shares and would not stay as a Director.
"And it just keeps gettin better!"
Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
On December 10, 2006, James P. Tolan tendered his resignation as the Company’s Senior Vice President, such resignation to be effective January 3, 2007. Mr. Tolan continues to serve as a member of the Company’s Board of Directors.
--------------------------------------------------------------------------------
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Telzuit Medical Technologies, Inc.
(Registrant)
Date: December 18, 2006 By: /s/ Warren D. Stowell
Warren D. Stowell
President and Chief Executive Officer
I can't wait to see If/What their response will be to your e-mail! A Lot of volume 225K Today alone!! CRAZY!!!!
Forwarded the following email to Telzuit yesterday. Still have not received a reply. No warm fuzzy here :(
To: info@telzuit.com
Subject: Stock Performance
Date: Thu, 21 Dec 2006 10:27:41 -0500 (EST)
As the owner of a sizeable number of shares in Telzuit, I am becoming increasingly concerned that current management is apparently willing to allow the stock to tank without making any effort to at least make the stock more attractive to buyers. It appears that there is no effort to keep stockholders informed, nor is there any effort to bolster the stock through periodic announcements.
You have a great product with unlimited potential. I would like to know what the plans are relative to retaining
and increasing stock value.
Thank you
man, this stock sucks... should have never invested it in the summer.. just keeps dropping and dropping and dropping.
And now it looks like the latest biz.yahoo.com says that a CEO or something resigned...
Yeah maybe. 10 was my target, but maybe it will go lower on more tax loss selling..
hmmm, maybe you should have waited after the shopping season...
I'm finally in at .10 Hoping they are ready to start unvieling things more..
ted
Christmas shopping, I think so too. Some people bought for long, but need money for the Holidays !!!
Company need more PR's to get buyers.
A lot of volume.. but if you look at the actual value of what is traded, it is only a couple thousand dollars. IMO, these are trades made by individual investors and owners of these stocks. Maybe they need christmas money? Maybe they want a tax deduction? I don't know.
Again......12!!! Any Opions??? I'm curious!A Lot of Volume!!
Think it's because of lack in P.R.?? Anyone??
.12???????? What is going on with this stock?? NAy insight would be greatly appreciated! I just don't get it!
-Just riding the wave!
actually, i like the fact that PR's have been limited and meaningful when they do come out.
a stream of PR's aimed at influencing pps would disconcert me, as i hope to hold TZMT for a while (which i would not do with 99.99% of the pennies out there).
A nice PR about the sales last quarter and the expectations for the next quarters would be good !!!!!!!!!!
All we need is a little bit advertising !
WOW! I haven't been here for awhile(Back Surgery!) and before I left TZMT seemed like a dead topic except for a few! I like the "BUZZ" A LOT of GOOD info going back & forth!! I've had a lot of belief in this Co. for quite some time! I just cant seem to get a grip on why this stock is doing so poorly right now! (Still Believe Though!
no idea why the selling, volume not too high. i'm still in... giving this a month or two to start moving... then higher expectations.
however, it is still a pink even tho co seems legit and everything... fluctuations.
hmmm guess people are selling to get christmas money or something... too bad I bought at around .29 right after I bought this thing started tanking (I guess that's when they started issuing shares.. when they saw money coming in.. ;))
hmmm, tzmt is now tzmte on my account... maybe something is amiss? Did they miss a deadline or are in noncompliance or something?
Honestly, i wasnt expecting TZMT to start having any real revenue until mid 2007 (which obviously implies that i was willing to hold this stock for at least several years). I was expecting some unforseen setbacks, more product testing and fine-tuning, some financing or marketing issues, and stuff in general that cannot be forseen. I like to keep my expectations low and give the company a chance to blow them away. I have a creeping feeling that my low expectations are about to be completely destroyed... and that Christmas will not be so white, but rather greenback-colored. Creative destruction? I hope.
INFO - INFO
The Company believes that revenues will increase significantly in the second quarter of fiscal year 2007, and for the remainder of the fiscal year.
=== Fiscal year 2007 is July 2006 to June 2007 ====
=== Second quarter means October to December 2006 ===
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