Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ADNL trying to add here
MLXO up 10% on a bad day should head past .04 tomorrow
Nice close today next week should be good.
MLXO moving up
AGSI chart reversal play
NNLX starting another uptrend
got some at .003 and .0035
This has been off naked short list since 4/24
AANI Amedia Closes $10 Million Financing; Financing to Fuel Next Stage of Business Growth
Business Wire - May 5, 2006 9:14 AM (EDT)
EATONTOWN, N.J., May 05, 2006 (BUSINESS WIRE) -- Amedia Networks, Inc. (OTCBB:AANI), a provider of home gateways and switched Ethernet ultra-broadband solutions, today announced that it has closed a private placement of $10 million in principal amount of its two year 8% Senior Secured Convertible Debentures to institutional and private investors.
Amedia expects to use the proceeds to fund the development of its next generation of Home Gateway and Access products, as well as to retire short-term debt that was incurred over the past several months. Proceeds will also be used to customize the Company's current product platforms to inter-operate with our strategic partners' solutions in order to accommodate several significant market opportunities. This would also apply to products that are being jointly developed, such as those recently announced with regard to the IP Home Gateways that will enable customers using Motorola's existing Multi-Service Access Platform to access IP-based services.
Commenting on the raise, Frank Galuppo, President and Chief Executive Officer for Amedia stated "We believe that investors have provided these funds as an affirmation that we are on the right path in executing our business plan. They are impressed with our current and planned product portfolio, the overall experience of our management team, and our strong technology foundation."
J. D. Gardner, the Chief Financial Officer for Amedia noted, "This convertible debenture instrument has been structured to provide the maximum flexibility for our company to pursue our business plan in the short run and is the best way to increase over the long-term the valuation of our company and to mitigate dilution to our existing shareholders. We are quite pleased with the outcome of this funding initiative."
At the closing of this transaction, the investors were issued Amedia's 8% Senior Secured Convertible Debentures and warrants to purchase shares of Amedia's common stock at a per share exercise price of $1.50. Additional information relating to the Senior Secured Convertible Debentures, the warrants and related matters will be included in the Current Report on Form 8-K that Amedia will file with the Securities and Exchange Commission within four business days of the closing of the transaction.
This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
About Amedia Networks, Inc.
Amedia designs and develops premises gateways and switched Ethernet access solutions. These secure and flexible solutions are used by network operators deploying Fiber-to-the-Premises, Fiber-to-the-Building, or Fiber-to-the-Node infrastructures in order to offer their residential and enterprise subscribers high-speed data, IP video, and Voice over Internet Protocol (VoIP) services with the highest level of service quality. For more information about Amedia Networks, please visit www.amedia.com.
This press release may contain "forward-looking" statements as that term is defined in the Private Securities Litigation Reform Act of 1995. A number of factors could cause Amedia's actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in Amedia's filings with the Securities and Exchange Commission (available at www.sec.gov). Amedia assumes no obligation to update any forward-looking statements.
SOURCE: Amedia Networks, Inc.
Amedia Networks, Inc.
Media:
Gary Feldman, 732-440-1956
garyf@amedia.com
or
Investors:
Michael Goldberg, 732-440-1992 / option 3
ir@amedia.com
Copyright Business Wire 2006
NNLX .28 bouncing from last night's pr
They are definitely on track if they are marketing to major energy players.
NNLX pr after bell
NanoLogix Announces the Addition of Energy Specialist to Hydrogen Bioreactor Project
Wednesday May 3, 5:03 pm ET
SHARON, Pa., May 3 /PRNewswire-FirstCall/ -- NanoLogix, Inc. (Pink Sheets: NNLX - News) announced today that it has secured the services of Bret T. Barnhizer to assist the Company in marketing their biomass-to-hydrogen technology to the energy industry. Mr. Barnhizer brings extensive experience and expertise in the United States and worldwide energy industry to NanoLogix, having worked for the last twenty-six years providing engineering, operations management, and project management services to Chevron, BP, Unocal, Occidental Petroleum, and others in the United States, Europe, Africa, and Asia. Mr. Barnhizer is an alumnus of Youngstown State University and the University of Colorado at Boulder, with areas of specialization in International Relations and Environmental Studies.
David F. Rivers, a director of NanoLogix, CEO of Patriot Lift Company (http://www.patriotlift.com) who spent more than 30 years with Pfizer's Schick & Wilkinson Sword business unit and General Motors' Fisher Body Division in Senior Research, Development and Engineering operations, commented that, "The addition of such a distinguished energy industry figure to the NanoLogix team will greatly enhance the company's relationship with numerous multinational corporations."
Mitchell S. Felder, M.D., the CEO of NanoLogix added, "I have been incredibly impressed with Mr. Barnhizer's knowledge and contacts within the energy sector. I believe that his assistance to the company will greatly accelerate this exciting endeavor which has the potential to change the worldwide energy paradigm."
About NanoLogix, Inc.
NanoLogix is a nano-biotechnology company whose extensive portfolio of patents have application and marketability in the following areas: nanoscale microfluidics for the rapid identification of disease causing pathogens utilizing BioMEMS; production of high value hydrogen from agricultural feedstock, industrial waste water and municipal waste streams; nontoxic induction of apoptosis (a method for inducing a genetically based induction of "cell suicide") in cancer cells utilizing hydrophobic hydrocarbons; and the bio-remediation of air, water and soils of harmful contaminants.
Forward-Looking Statements
This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nanologix, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: NanoLogix, Inc.
NNLX pr after the bell
NanoLogix Announces the Addition of Energy Specialist to Hydrogen Bioreactor Project
Wednesday May 3, 5:03 pm ET
SHARON, Pa., May 3 /PRNewswire-FirstCall/ -- NanoLogix, Inc. (Pink Sheets: NNLX - News) announced today that it has secured the services of Bret T. Barnhizer to assist the Company in marketing their biomass-to-hydrogen technology to the energy industry. Mr. Barnhizer brings extensive experience and expertise in the United States and worldwide energy industry to NanoLogix, having worked for the last twenty-six years providing engineering, operations management, and project management services to Chevron, BP, Unocal, Occidental Petroleum, and others in the United States, Europe, Africa, and Asia. Mr. Barnhizer is an alumnus of Youngstown State University and the University of Colorado at Boulder, with areas of specialization in International Relations and Environmental Studies.
David F. Rivers, a director of NanoLogix, CEO of Patriot Lift Company (http://www.patriotlift.com) who spent more than 30 years with Pfizer's Schick & Wilkinson Sword business unit and General Motors' Fisher Body Division in Senior Research, Development and Engineering operations, commented that, "The addition of such a distinguished energy industry figure to the NanoLogix team will greatly enhance the company's relationship with numerous multinational corporations."
Mitchell S. Felder, M.D., the CEO of NanoLogix added, "I have been incredibly impressed with Mr. Barnhizer's knowledge and contacts within the energy sector. I believe that his assistance to the company will greatly accelerate this exciting endeavor which has the potential to change the worldwide energy paradigm."
About NanoLogix, Inc.
NanoLogix is a nano-biotechnology company whose extensive portfolio of patents have application and marketability in the following areas: nanoscale microfluidics for the rapid identification of disease causing pathogens utilizing BioMEMS; production of high value hydrogen from agricultural feedstock, industrial waste water and municipal waste streams; nontoxic induction of apoptosis (a method for inducing a genetically based induction of "cell suicide") in cancer cells utilizing hydrophobic hydrocarbons; and the bio-remediation of air, water and soils of harmful contaminants.
Forward-Looking Statements
This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Nanologix, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Source: NanoLogix, Inc.
NNLX NanoLogix Announces the Addition of Energy Specialist
NanoLogix has announced that it has secured the services of Bret T. Barnhizer to assist the Company in marketing their biomass-to-hydrogen technology to the energy industry. Mr. Barnhizer brings extensive experience and expertise in the United States and worldwide energy industry to NanoLogix, having worked for the last twenty-six years providing engineering, operations management, and project management services to Chevron, BP, Unocal, Occidental Petroleum, and others in the United States, Europe, Africa, and Asia. Mr. Barnhizer is an alumnus of Youngstown State University and the University of Colorado at Boulder, with areas of specialization in International Relations and Environmental Studies.
David F. Rivers, a director of NanoLogix, CEO of Patriot Lift Company who spent more than 30 years with Pfizer's Schick & Wilkinson Sword business unit and General Motors' Fisher Body Division in Senior Research, Development and Engineering operations, commented that, "The addition of such a distinguished energy industry figure to the NanoLogix team will greatly enhance the company's relationship with numerous multinational corporations."
Mitchell S. Felder, M.D., the CEO of NanoLogix added, "I have been incredibly impressed with Mr. Barnhizer's knowledge and contacts within the energy sector. I believe that his assistance to the company will greatly accelerate this exciting endeavor which has the potential to change the worldwide energy paradigm."
http://www.patriotlift.com and http://www.nanologix.net/
NNLX NanoLogix Announces the Addition of Energy Specialist
NanoLogix has announced that it has secured the services of Bret T. Barnhizer to assist the Company in marketing their biomass-to-hydrogen technology to the energy industry. Mr. Barnhizer brings extensive experience and expertise in the United States and worldwide energy industry to NanoLogix, having worked for the last twenty-six years providing engineering, operations management, and project management services to Chevron, BP, Unocal, Occidental Petroleum, and others in the United States, Europe, Africa, and Asia. Mr. Barnhizer is an alumnus of Youngstown State University and the University of Colorado at Boulder, with areas of specialization in International Relations and Environmental Studies.
David F. Rivers, a director of NanoLogix, CEO of Patriot Lift Company who spent more than 30 years with Pfizer's Schick & Wilkinson Sword business unit and General Motors' Fisher Body Division in Senior Research, Development and Engineering operations, commented that, "The addition of such a distinguished energy industry figure to the NanoLogix team will greatly enhance the company's relationship with numerous multinational corporations."
Mitchell S. Felder, M.D., the CEO of NanoLogix added, "I have been incredibly impressed with Mr. Barnhizer's knowledge and contacts within the energy sector. I believe that his assistance to the company will greatly accelerate this exciting endeavor which has the potential to change the worldwide energy paradigm."
http://www.patriotlift.com and http://www.nanologix.net/
He posted on www.thelion.com wall street pit when he said he bought this stock.I saw the post when the stock was at that price.
Thanks for update added more yesterday will be adding more on dips
NICE buying eod
Short covering?
The IndyCar Series always has been recognized for its technical leadership in automobile racing. Now it will be the motorsports leader in renewable and environmentally responsible energy.
The ethanol industry has partnered with the IndyCar Series to become the fuel supplier beginning with the 2006 season.
Announcement of the partnership was made at Union Station in Washington, D.C., where Indy Racing League CEO Tony George, IRL President and COO Brian Barnhart and Senior Vice President of Business Affairs Ken Ungar teamed with several high-ranking ethanol industry leaders and political figures, including Sen. Jim Talent, R-Mo., Sen. Evan Bayh, D-Ind., and Sen. John Thune, R-S.D.
Ethanol is an alcohol derived primarily from grain. As a clean-burning and renewable fuel that is non-toxic and 100 percent biodegradable, it reduces air pollution and improves racing’s environmental footprint. Its high octane rating delivers strong engine performance by helping engines resist detonation so they can run higher compression ratios.
The target for the 2006 season is a maximum blend of 90 percent methanol and 10 percent ethanol for the IndyCar Series. The percentage of ethanol corresponds with ethanol blend commonly available to consumers at gas stations. Blend specifics will be determined in cooperation with the league’s 2006 engine manufacturer partners.
Beginning in 2007, the fuel will be 100 percent fuel-grade ethanol in IndyCar Series cars, the same fuel that has the potential to replace at least 10 percent of the nation’s gasoline supply.
The last paragraph mentioned on MAD Money yesterday.
from indycar.com
if it holds higher than .33 next resistance .50 once past that should head straight to a dollar
NNLX great close .335
Nice Close expect much more
MLXO looking strong
MLXO nice eod comeback
AANI nice close
WOW nice close looking good for next week
AANI took out HOD
Taking out hod again
AANI at HOD nice strength today
Nice rebound from 1.02
AANI Amedia Announces First U.S. Shipment of Outdoor Home Gateways
http://biz.yahoo.com/bw/060412/20060412005375.html?.v=1
AANI Amedia Announces First U.S. Shipment of Outdoor Home Gateways
http://biz.yahoo.com/bw/060412/20060412005375.html?.v=1
MLXO looking primed
Looking for this to break .05 tomorrow if dips will buy more
break of 52 week high around mid 1.30's may send this flying.
Nice close
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Amedia Networks, Inc. (the "Company") and Motorola Wireline Networks, Inc.
("Motorola"), a subsidiary of Motorola, Inc., have entered in a Strategic
Alliance Agreement on April 5, 2006 (the "Strategic Alliance Agreement")
pursuant to which the Company and Motorola will jointly develop a family of
three IP Home Gateways (the "Gateway Products") that will enable customers using
Motorola's existing Multi-Service Access Platform to access IP-based services.
The Gateway Products will be exclusively distributed by Motorola under the
Motorola brand. Under the Strategic Alliance Agreement, the Company has also
granted Motorola certain rights with respect to the resale of the Company's
products as described below.
The Strategic Alliance Agreement provides that Motorola will pay to the Company
$1.9 million for engineering costs associated with the development of the
Gateway Products, approximately 32% of which is payable within 30 days of the
effective date of the agreement and the remainder of which is payable in
installments on the achievement of certain agreed upon project milestones.
Motorola is entitled to terminate the development program at any time prior to
the completion of the development of the Gateway Products and, in the event that
it does so, the Company will be entitled to retain any of the engineering costs
paid or due and owing by Motorola as of the date of termination. Upon successful
completion of all necessary testing, the Gateway Products will be manufactured
by the Company for exclusive sale to Motorola.
Under the Strategic Alliance Agreement, the Company has granted Motorola the
exclusive right to resell the Company's PG1000 and the HG-V100 gateway products,
and all derivative or substantially similar products (the "Exclusive Products")
to certain specified leading telecommunications carriers and their affiliates
(the "Exclusive Customers") for a period of 24 months from the effective date of
the agreement as part of Motorola's portfolio of broadband wireline solutions.
The exclusivity may be terminated by the Company unless, among other things, at
least one of the Exclusive Customers shall have accepted
one of the Exclusive Products for lab testing within one year of the effective
date of the Strategic Alliance Agreement and signed a contract to purchase
Exclusive Products (which is reasonably expected to result in revenue to the
Company in a specified minimum amount) within 18 months of the effective date of
the agreement; provided, however, that if these conditions are satisfied with
respect to an Exclusive Customer, then Motorola's exclusivity period for such
Exclusive Customer will be extended for an additional 24 months. At all times
the Company retains the right to sell the Exclusive Products to customers other
than the Exclusive Customers. In addition, the Company also granted Motorola the
non-exclusive right to resell all of the Company's other existing products
worldwide.
The Strategic Alliance Agreement also provides that the Company will not, during
the term of the agreement and for a period of two years thereafter, directly or
indirectly sell to or solicit or accept any order for any of its products from
any customer to which Motorola has resold a Company product during the term of
the agreement. These provisions will not apply to customers to whom the Company
made sales of products in the twelve months preceding the effective date of the
Strategic Alliance Agreement or in the event of termination of the agreement by
the Company for cause or by Motorola for convenience.
Notwithstanding the foregoing, if Motorola sources, manufactures or resells a
gateway which has substantially the same functionality as the Company's PG1000
or HG-V100 products, the exclusivity and the non-solicitation provisions
contained in the Strategic Alliance Agreement shall immediately terminate. The
Company has also agreed that the prices for its products that it charges
Motorola will be no higher than the prices that the Company charges any other
reseller, customer or entity.
8k deal w/Motorola
The Strategic Alliance Agreement has an initial term of three years which will
automatically extend for successive additional one-year terms unless either
party gives notice of termination no less than 30 days prior to the expiration
date of the then-current term. The agreement may be terminated by Motorola at
any time on 30 days notice and by either party if the other ceases to do
business in the ordinary course or defaults on its material obligations,
representations or warranties under or otherwise materially breaches the
Agreement subject, except in the case of payment failures, to a 30-day cure
period.
Nawin short masquerading as a long
AIDO now .70