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mytrack l2 all f'd up lotta buyers flying blind !doesn't help matters any
Microtek Medical(Nasdaq: MTMD) and Ecolab Inc. (NYSE: ECL) announced today that
the companies have entered into a definitive agreement and plan of merger
whereby Ecolab will acquire Microtek Medical. Under the terms of the
agreement, Microtek Medical's shareholders will receive $6.30 for each share
of common stock outstanding as of the closing date of the transaction.
Microtek Medical has approximately 43.5 million shares currently outstanding.
The Boards of Directors for both companies have unanimously approved the
transaction, which is expected to close during the fourth quarter of 2007.
Completion of the transaction is contingent upon various conditions, which are
more fully set forth in the merger agreement, including, among other things,
approval of the transaction by Microtek Medical's shareholders, regulatory
approval, and other customary closing conditions. Materials will be mailed to
Microtek Medical shareholders after required filings have been made with the
Securities and Exchange Commission.
"This transaction provides a great opportunity for expansion of our
business, offers excellent value for our shareholders and represents a
significant premium over the historical trading price of our shares,"
commented Dan R. Lee, Microtek Medical's Chairman, President and Chief
Executive Officer.
Mr. Lee continued, "We believe that Ecolab is a perfect strategic partner
for Microtek Medical. We share similar cultures that are uniquely focused on
promoting benefits to the healthcare provider and patient. Combining Ecolab's
scale and innovative resources with our years of world-class manufacturing,
strong OEM relationships, strategic business alliances and international
market reach also brings tremendous value to our employees and customers. The
dynamic combination of two great names in healthcare and infection control is
expected to yield worldwide sales and marketing synergies and to result in one
of the world's premier infection prevention companies. Our combined future
branding strategy will maximize Microtek Medical's proven healthcare brand and
expertise in barrier technology and Ecolab's world-recognized reputation for
excellence in cleaning and sanitizing products and services. We expect to
leverage these collective resources to deliver strong financial performance
for many years to come."
Mr. Lee concluded, "I am extremely proud of our accomplishments and
excited about the road ahead for Microtek Medical as part of the Ecolab
family. Ecolab and Microtek Medical share in the understanding that our
employees are the critical link to outstanding customer service, exceptional
products, and world-class manufacturing and distribution. The employees of
both organizations will drive our combined ability to improve the quality of
patient care worldwide and to eliminate the prevalence and potency of
hospital-acquired infections around the globe."
A.G. Edwards & Sons, Inc. acted as exclusive financial advisor to Microtek
Medical in connection with the transaction and provided an opinion to Microtek
Medical's Board of Directors that the merger consideration is fair to Microtek
Medical's shareholders from a financial point of view.
About Microtek Medical:
Microtek Medical is a leading manufacturer and supplier of innovative
product solutions for patient care, occupational safety and management of
infectious and hazardous waste for the healthcare industry. Headquartered near
Atlanta, Georgia, the Company offers an extensive line of infection control,
fluid control and safety products, such as disposable equipment and patient
drapes, which are marketed to healthcare professionals through multiple
channels, including direct sales, original equipment manufacturers ("OEM's")
and private label arrangements. Microtek Medical's goal is to provide
healthcare professionals with innovative product solutions that encompass a
high-level of patient care and prevention of cross infection in operating
rooms and ambulatory surgical centers worldwide. For further information,
visit www.microtekmed.com.
About Ecolab Inc:
With sales of $5 billion and more than 13,000 sales-and-service
associates, Ecolab Inc. (NYSE: ECL) is the global leader in cleaning,
sanitizing, food safety and infection prevention products and services. Ecolab
delivers comprehensive programs and services to the foodservice, food and
beverage processing, healthcare, and hospitality markets in more than 160
countries. More news and information is available at www.ecolab.com.
Important Information
Microtek Medical will file with the Securities and Exchange Commission a
current report on Form 8-K which will include the merger agreement. The proxy
statement that Microtek Medical plans to file with the Securities and Exchange
Commission and mail to its shareholders will contain information about
Microtek Medical, the proposed merger and related matters. SHAREHOLDERS ARE
URGED TO READ THE PROXY STATEMENT CAREFULLY WHEN IT IS AVAILABLE, AS IT WILL
CONTAIN IMPORTANT INFORMATION THAT SHAREHOLDERS SHOULD CONSIDER BEFORE MAKING
A DECISION ABOUT THE MERGER. In addition to receiving the proxy statement
from Microtek Medical by mail, shareholders will be able to obtain the proxy
statement, as well as other filings containing information about Microtek
Medical, without charge, from the Securities and Exchange Commission's website
(www.sec.gov) or, without charge, from Microtek Medical at
www.microtekmed.com. This announcement is neither a solicitation of a proxy,
an offer to purchase nor a solicitation of an offer to sell shares of Microtek
Medical.
Microtek and its directors and officers and other members of its
management and employees may be deemed to be participants in the solicitation
of proxies in respect to the proposed transaction. Information regarding
Microtek's directors and executive officers is detailed in its proxy
statements and annual reports on Form 10-K, previously filed with the SEC, and
the proxy statement relating to the proposed transaction, when it becomes
available.
Actual Results Could Differ From Forward-Looking Statements: This Press
Release contains forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Such
statements include, but are not limited to, statements regarding the
completion and anticipated timing of the acquisition transaction and
statements regarding benefits of the transaction to our customers, employees
and other stakeholders. Such statements are subject to certain factors, risks
and uncertainties that may cause actual results, events and performance to
differ from those referred to in such statements. These risks include, without
limitation, the failure to satisfy the conditions to completion of the
acquisition transaction and the risk factors included in the Company's Annual
Report on Form 10-K for the year ended December 31, 2006 filed with the
Securities and Exchange Commission. The Company does not undertake to update
its forward-looking statements to reflect future events or circumstances.
SOURCE Microtek Medical Holdings, Inc.
Contact Information:
Dan R. Lee, President & CEO, or Jerry Wilson, CFO, or John Mills, Investor Relat
ons, all of Microtek Medical Holdings, Inc., 1-800-476-5973, InvestorRelations@m
crotekmed.com
WebSite:
http://www.ecolab.com
*** end of story ***
charlton conines buys this week :filed 8/3
Charlton Conine 20,000 7/30/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 20,000 7/31/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 50,000 7/31/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 40,000 7/31/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 90,000 8/01/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 80,000 8/01/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 50,000 8/02/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 75,000 8/02/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 10,000 8/02/07 0.04 Buy, TDAmeritrade Account
Charlton Conine 39,300 8/03/07 0.03 Buy, TDAmeritrade Account
????
just keep in mind so'tex -flores 600% increase in customers could mean he went from 1 cust last yr now 6 this yr LOL if his numbers were really impressive they'd list them as "hundreds of thousands"!!! thats probly why eagle let him go!!
then why r u here ?? it is what it is !! you cant change that, let it go as a loss and if anything comes about think of it as a gift
yall are gettin way to upset over somethin you have no control over
snagged EAGB .041 seems ripe for reversal/bounce was .22 couple mo's ago
in DLAV 003 seems undervaleud fwiw
really?thx for clearin THAT up :)it's been buggin an confusin me for some time
obviously Gary stein is very much in control not Martin Lickt like some have suggested (stein now showing westport CT not as sharing an office in NY :) no wonder lickt had an attitude when joe natural talked with him
WCHG WESTPORT, CT, Jul 16, 2007 (MARKET WIRE via COMTEX) --
WaterColor Holdings, Inc., a publicly held Colorado corporation
(PINKSHEETS: WCHG), President stated that the Company is firmly
committed to developing and considering developing one or more
renewable energy facilities which will be located on the Company's
properties located in Connecticut and Colorado. The production of
the renewable energy will be achieved by utilizing one or more of the
following modalities: plasmafication, distillation, and fermentation
and other chemical applications as required.
In keeping with the Company's plans, it shall propose to the
Company's shareholders to reincorporate in Delaware and approve a 30
to 1 reverse split of its shares.
It is believed that by doing both the Company will maximize
shareholder value, create meaningful liquidity and be in a position to
attract institutional and other significant investors.
WaterColor expects to be making future announcements about additional
alliances along with corporate and management restructure.
Forward-Looking Statements:
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made on behalf of WaterColor.
All such forward-looking statements are, by necessity, only estimates
of future results and actual results achieved by WaterColor may
differ materially from these statements due to a number of factors.
Any forward-looking statements speak only as of the date made.
Statements made in this document that are not purely historical are
forward-looking statements, including any statements as to beliefs,
plans, expectations, or intentions regarding the future. Risk factors
that may cause results to differ from projections include without
limitation, loss of suppliers, loss of customers, inadequate capital,
competition, loss of key executives, declining prices and other
economic actors. WaterColor assumes no obligations to update these
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting such statements.
You should independently investigate and fully understand all risks
before making investment decisions.
Contact:
Garry Stein
203-226-4324
SOURCE: WaterColor Holdings, Inc.
Copyright 2007 Market Wire, All rights reserved.
*** end of story ***
(COMTEX) B: WaterColor Holdings, Inc. f/k/a United Specialties, Inc. Annou
ces Restructuring Plan ( Market Wire )
B: WaterColor Holdings, Inc. f/k/a United Specialties, Inc. Announces Restructur
ng Plan ( Market Wire )
WESTPORT, CT, Jul 16, 2007 (MARKET WIRE via COMTEX) --
WaterColor Holdings, Inc., a publicly held Colorado corporation
(PINKSHEETS: WCHG), President stated that the Company is firmly
committed to developing and considering developing one or more
renewable energy facilities which will be located on the Company's
properties located in Connecticut and Colorado. The production of
the renewable energy will be achieved by utilizing one or more of the
following modalities: plasmafication, distillation, and fermentation
and other chemical applications as required.
In keeping with the Company's plans, it shall propose to the
Company's shareholders to reincorporate in Delaware and approve a 30
to 1 reverse split of its shares.
It is believed that by doing both the Company will maximize
shareholder value, create meaningful liquidity and be in a position to
attract institutional and other significant investors.
WaterColor expects to be making future announcements about additional
alliances along with corporate and management restructure.
Forward-Looking Statements:
The Private Securities Litigation Reform Act of 1995 provides a safe
harbor for forward-looking statements made on behalf of WaterColor.
All such forward-looking statements are, by necessity, only estimates
of future results and actual results achieved by WaterColor may
differ materially from these statements due to a number of factors.
Any forward-looking statements speak only as of the date made.
Statements made in this document that are not purely historical are
forward-looking statements, including any statements as to beliefs,
plans, expectations, or intentions regarding the future. Risk factors
that may cause results to differ from projections include without
limitation, loss of suppliers, loss of customers, inadequate capital,
competition, loss of key executives, declining prices and other
economic actors. WaterColor assumes no obligations to update these
forward-looking statements to reflect actual results, changes in
assumptions or changes in other factors affecting such statements.
You should independently investigate and fully understand all risks
before making investment decisions.
Contact:
Garry Stein
203-226-4324
SOURCE: WaterColor Holdings, Inc.
Copyright 2007 Market Wire, All rights reserved.
*** end of story ***
hmm nihk & skzw gettin some early action
damn dicaprio & winslet filmin in my town Beacon Falls thu & fri , pretty cool had deniro here when he made jacknife then spielberg & t cruise were up the road with War of the Worlds
WAHOOO!!! TRUDY :))) trdy .0066 nice!!
THE ONLY WAY TO FLY !!;) lol
took the 4 bagger :) on wchg threw some into TRDY jic
nice board guys !! wchg startin to come together ...nuthin from mgmt but did find this on aristos site:
“Waste to Energy” Plasma Gasification Project
Aristos Partners developed the business plan and pro forma for an innovative energy project and successfully obtained state agency support for tax-free bond financing.
man PKPTE .07 just.015 a week ago
just keeps goin ..nice steady climb on that one
d- none of the above ,if anything he's dumb like a fox ! ;)
personally i think that this IS an attempt to throw a wrench in the gears of getting us trading PROPERLLY by allowing trades now the confusion created by which sh go where and 106's or 205's will delay any ruling or advancement of this case
it is and they are!! gl to us all we could use a decent break after all this @#$%^! take care -bear :)wb
definately igniting some interest ?;)maybe jumping the gun will be shooting themselves in the foot !?
another odd thing mytrack still shows no price buuuuut penson acc showed .0.15 ..also first time in months anything showed oh wait now eod mytrack finally decides to show .01 close hmmmm really fishy , i think
hmmmm?i wonder??:)
XDSL wholly-owned subsidiary AlwaysReady, Inc. has entered into a definitive agreement with Source Capital Group (SCG) for investment banking services to include a to-be-identified private placement of common stock of the company. mPhase had previously announced that it had formed Always Ready, Inc., to own and develop, as a separate company, its line of nanotechnology products.
Under terms of the agreement, SCG will use its best efforts to raise up to $15 million of financing for AlwaysReady Inc. The financing to be arranged by SCG is expected to provide AlwaysReady, Inc. with the financial resources to fund research and development with the Bell Labs’ division of Lucent Technologies, Inc. as well as provide guidance on strategic acquisitions as the company exercises its business plan.
"This agreement represents implementation of the strategic decision by mPhase Technologies, Inc. to separate mPhase’s nanotechnology product line into a new company said Ronald A. Durando, CEO and President of mPhase Technologies, Inc. “It will permit AlwaysReady, Inc. to continue in its mission of developing groundbreaking nanotechnology research and product development that will be truly life-changing for our society.”
“The combined strengths of our innovative Smart Nanobattery and our Ultra Sensitive Magnetometer led us to the decision to keep these two businesses together in a compartmentalized manner in the AlwaysReady subsidiary," Mr. Durando said. “We firmly believe this strategy will unleash potentially hidden value to existent mPhase shareholders.”
With the April announcement of the new AlwaysReady, Inc. subsidiary, Mr. Durando noted: “In the coming years, the nanotechnology category will evolve into a trillion dollar industry. We are re-structuring accordingly to be well-positioned in the marketplace, to streamline our operational activities and to leverage our existing synergistic relationships with such leading academic and research institutions as Rutgers, the State University of New Jersey; and such defense-oriented entities such as Lockheed Martin, Northrop Grumman and the U.S. Army Armament Research, Development, and Engineering Center (ARDEC) at Picatinny, New Jersey.”
AlwaysReady, Inc. will continue in its evolution towards its becoming a separate, publicly traded nanotechnology company through the eventual filing of appropriate registration statements under the Securities Act of 1933,as amended and the Securities Exchange Act of 1934, as amended with the Securities and Exchange Commission.
A new management team for AlwaysReady, Inc. as previously announced will be identified to lead the new company, which will be able to focus on leveraging intellectual property created in mPhase’s Smart Nanobattery and Magnetometer, potentially enabling acceleration to market.
The new Smart Nanobattery architecture promises an energy source that can be packaged in various configurations, with shelf life potentially lasting decades, yet still able to be activated almost instantaneously on demand. Various battery designs based on this technology may deliver a new and unique component for system design across many fields, including defense, industrial and consumer electronics.
mPhase Technologies’ innovative magnetometer designs exhibit a level of sensitivity unparalleled by commercial magnetometers. Acting much like a miniature tuning fork or oscillator, with movements only perceptible under a microscope, the magnetometer prototype detects changes in magnetic fields, which is important in many applications that need to establish direction of movement of magnetic objects.
Initial applications for such magnetometers are centered on national defense and homeland security. Among civilian uses might be sporting venues, where physical bag searches could be eliminated to speed security screenings in high-traffic entrances. The technology also lends itself to enhancing mobile phone global positioning (GPS) capabilities with direction-finding applications.
"We are excited about this investment in AlwaysReady, Inc. and the opportunity to back Ronald A. Durando and his talented management and research team," said Vik Grover, Managing Director, Investment Banking, Source Capital Group. "AlwaysReady, Inc. and its parent, mPhase Technologies, Inc., are pioneering the nanotechnology industry and with this new investment will be well-positioned to take advantage of future growth opportunities. We look forward to supporting the Company with its strategic initiatives."
About Source Capital Group:
Source Capital Group, Inc. was founded in 1994 as a boutique firm specializing in small to medium sized investment banking transactions. The firm has grown to include a General Securities business, Emerging Market Securities, Distressed and High Yield Debt Securities, and its historic Investment Banking activity. Source Capital Group now has over 100 Registered Representatives in seven branch offices.
About mPhase Technologies, Inc.
mPhase Technologies Inc. (OTC: XDSL) develops and commercializes next-generation media-rich entertainment software and nanotechnology solutions, delivering novel systems to the marketplace that advance functionality and reduce costs. The company was awarded the Frost & Sullivan 2006 Energy Storage Award for the Nanobattery in September and earlier received the 2005 Frost & Sullivan Excellence in Technology Award, and the Nano 50 Award from NASA Nanotech Briefs, is bringing nanotechnology out of the laboratory and into the market with a planned innovative long life power cell. Additionally, the company is working on prototype ultra-sensitive magnetometers that promise orders of magnitude increases in sensitivity as compared with available un-cooled sensors. More information is available at the mPhase Web site at www.mPhaseTech.com
Safe Harbor Statement
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of the companies mentioned in light of current conditions, expected future developments and other factors they believe to be appropriate. Actual results may differ as a result of factors over which the companies have no control.
Investor Relations:
Rubenstein Investor Relations
Tim Clemensen, 212-843-9337
tclemensen@rubensteinir.com
or
Media: Public Relations
Rubenstein Associates
Peter Hamilton, 212-843-8015
phamil@rubenstein.com
XDSL think they'll be divy/spinnin off always ready sh eventually
hmmm xdsl .1220 reversal time?
i really think ,none of US -knows anything till the personell with first hand knowledge decide to let everyone know whats been happening, dont forget... sometimes ,silence is golden
nice article on green chip review too
http://www.greenchipstocks.com/articles/concentrating-solar-worldwater/86
Congrats to ihub 20,000,000 posts!!!!!
wchg anual report due this week ? lets see what happens
enough bickering :)truce for MEMORIAL DAY we all may argue but remember: its those that gave their lives for the freedom to live as we do! have a good weekend EVERYONE :)
nice post arkait glt us all :)
a little too windy for me ill stand by my broad statement ..thx :)
aslo a matter of principle
wchg.003 .003x.004 now-accumulation continues l2 shapin up to continue the run, hopefully a build up to news
heh lol right or wrong,thats all our hopes gl
i read the claim knew i could disprove it by showing my evidence which megas was not privy to but may have been looking for ,not me per se but the proof itself now why would he need that proof HMMM on that note have a good nite jan maybe continue this tomorrow im hittin the sack :) gnite
so whats the problem? he sued /the court let it continue Legally(must've had merit), megas dismissed
they let him file the suit didnt they? if it had no merit it would not have been allowed to file