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ICTS: oops here's the news PR:
CORRECTING AND REPLACING ICTS Subsidiary Huntleigh USA Wins Key Battle against United States in United States Federal Court of Claims
Monday January 10, 2:37 pm ET
AMSTELVEEN, Netherlands--(BUSINESS WIRE)--Jan. 10, 2005--In BW5854 issued Jan. 10, 2005: Third graph, last sentence should be deleted.
The corrected release reads:
ICTS SUBSIDIARY HUNTLEIGH USA WINS KEY BATTLE AGAINST UNITED STATES IN UNITED STATES FEDERAL COURT OF CLAIMS
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Airport Security Firm Asking Federal Court to Order Compensation for Lost Business; Constitution Requires "Just Compensation" for Taking of Property
ICTS International N.V. (NASDAQ: ICTS - News), today reported that The United States Court of Federal Claims, in a decision filed on Friday, January 7, denied the U.S. Government motion to dismiss claims brought by Huntleigh USA Inc., a wholly owned subsidiary of ICTS USA Inc.
The lawsuit, initiated by Huntleigh through its attorneys Skadden, Arps, Slate, Meagher and Flom, LLP, complained that the United States violated the Takings Clause of the Fifth Amendment to the United States Constitution when it federalized airport security at all domestic commercial airports thereby displacing Huntleigh, who had previously provided these services to various air carriers. The suit also claims that the U.S. violated sections of the Aviation Transport and Security Act when it did not pay adequate compensation for the loss of its private screening contracts.
This decision clears the way for Huntleigh to pursue its legal remedies through this court to seek to recover the value of its screening business nationalized by the government.
To learn more about the lawsuit and to read Judge Margolis's full opinion, please visit our website at http://www.bork.com/huntleigh.
About ICTS:
ICTS has interests in a variety of businesses and ventures. Its current principal activity consists of providing manpower based aviation security services in the Netherlands and non-security related manpower based general aviation services in the USA. Its other activities consist primarily of the development of integrated technological solutions designed for enhancing processing time of passengers at airports and other gateways and the establishment and operation of motion-based entertainment theaters in the USA.
St. Louis-based Huntleigh USA was founded in 1970 and was a leading provider of passenger and baggage screening services. It had contracts with eight major airlines and a number of smaller carriers to perform a variety of services at 47 US airports, including Los Angeles International Airport, LaGuardia Airport, Salt Lake City International Airport, Cleveland Hopkins International Airport, Pittsburgh International Airport, Seattle Tacoma International Airport, Ted Stevens Anchorage International Airport, Oakland International Airport, and George Bush Intercontinental Airport. Its relationships with airlines had been ongoing for as long as 14 years.
The services provided by Huntleigh USA included passenger screening at security checkpoints, security agents, skycap and wheelchair services, ramp agents, baggage x-ray, CTX operations (supervisors, operators, and guards), domestic sequencing operation, aircraft search, drug searches, baggage carousel guards, FAA guards, international arrivals guards, and more. The company's business was destroyed when the Transportation Security Administration (TSA) took over the task of screening passengers and baggage at U.S. airports in 2002. Huntleigh USA filed it lawsuit against the United States in November 2003. Huntleigh's attorneys Skadden, Arps, Slate, Meagher and Flom LLP, complained that the United States violated the Takings Clause of the Fifth Amendment to the Constitution. The suit also claims that the United States violated sections of the Aviation Transport and Security Act when it did not pay adequate compensations for the loss of its private screening contracts.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, regarding the Company's business strategy and future plans of operations. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by the Company, may cause the Company's actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. The forward-looking statements contained in this press release speak only as of the date hereof and the Company expressly disclaims any obligation to provide public updates, revisions or amendments to any forward-looking statements made herein to reflect changes in the Company's expectations or future events.
--------------------------------------------------------------------------------
Contact:
Bork Communication Group, LLC
Media Contact:
Robert H. Bork, Jr., 703-821-8008
http://www.bork.com/huntleigh
rbork@bork.com
--------------------------------------------------------------------------------
Source: ICTS
ICTS: news PR basically sez theyr back in business. Buys coming in
DWMA momentum in play here, volume, price building up. Daytraders taking advantage.
DWMA: put on watch for momentum trade here, momo building up.
SCLD on watch list (might be a llittle too late considering the news was out a while ago)
yep SSPI was a great short termer
hey ashley, I got ur PM's but i cant reply to u as im not a paid member.
gotta give u credit, u are the most active poster around here. good posts :)
BRMV: the charts do not say much, not be a bearer of bad news, but if im correct they just got an "E" after their symbol. or is that a different company?
TASR: this just in:
http://biz.yahoo.com/ap/050112/taser_conflicts_2.html
Associated Press
Taser Offers Police Officers Stock Options
Wednesday January 12, 10:18 pm ET
By Beth Defalco, Associated Press Writer
Stun Gun Maker Taser Offers Police Officers Stock Options to Oversee Training, Tout Product
PHOENIX (AP) -- Stun-gun maker Taser International Inc. came under increased scrutiny Wednesday from analysts after the company president told a newspaper that four active-duty police officers were offered stock options for law enforcement training programs they supervised.
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While Taser President Tom Smith would not identify the officers, citing privacy concerns, the Scottsdale-based company admitted in Securities and Exchange Commission filings that the training programs "have led directly to the sale of Tasers to a number of police departments."
"Once you have those stock options, it's human nature, you want them to do well," said Marianne Jennings, a lawyer who teaches business ethics at Arizona State University. "It becomes an issue of public trust, and that's what police officers are supposed to have."
The filings show that a total of five active-duty officers actually serve on Taser's eight-member training board, which was created in 2002.
"They are not involved in the purchasing decisions (of their police departments) to my knowledge," Smith told USA Today, although he would not say how many options they received.
Smith did not return calls Wednesday from The Associated Press.
The stock-option disclosure is one of several potential conflicts that have stung the company.
As Taser's stock price climbed last year, the human rights group Amnesty International and various news organizations published reports raising questions about the safety of Taser's stun guns.
Then in a Jan. 7 letter to stockholders, Taser announced that the SEC was investigating safety claims made by the stun-gun maker.
The SEC is also reviewing a $1.5 million, Dec. 31 sale by Taser to a firearms distributor that some analysts have questioned because it appears to inflate sales to meet annual projections.
A review by The Associated Press of company filings with the government also shows that last year Taser paid to lease airplanes owned by Smith and other family members that have run the business.
On Wednesday, Taser spokesman Steve Tuttle declined to answer questions about the stock options for active-duty police, instead issuing a statement that referred questions to the SEC filings. However, the filings never directly mention that some of the officers that oversee the company's police training program are eligible for the options.
Analyst John Gavin, author of the SEC Insight newsletter, said the ambiguous information in the filings has become a concerning trend for the company.
"They granted 2.2 million stock options between 2002 and 2003, and we as analysts can't account for 80 percent of them ... in a way that is either useful or that makes sense to investors," Gavin said. "It's our opinion that Taser went out of their way to keep investors from being able to make sense of this data."
"This is not the kind of transparency that is comforting to investors," he added.
However, things were looking up for the company by Wednesday.
A medical examiner's report ruled the death of a Flagstaff, Ariz., man shocked with a Taser stun in July may have been triggered by his heavy cocaine use.
Also, a non-criminal grand jury in Florida supported the use of the stun guns in a report focusing on the handling of mentally ill people in the criminal justice system.
Taser shares rebounded nearly 21 percent Wednesday, gaining $2.91 to close at $17.01 on the Nasdaq Stock Market after falling nearly 30 percent the previous session.
Taser International: http://www.taser.com
SEC Insight: http://www.secinsight.com
SSPI had a wonderful run later nov/early dec. Traded part of it, decent stock to play when the time's right.
OBCI breaks $2.00 !!!!!!!!!!!1
OBCI some crazy fast momentum, stock is great for a quick momentum trade!
OBCI: 200 DMA at $1.38, breakout occuring!
OBCI bid ask moving up FAST !!
OBCI yielding some great percentage gains today.
OBCI support building up, nice.
OBCI up 66 cents and moving fast: I think OBCI is moving because of the stock buyback their company was going to do, and stock is moving fast. Analyst projections around $4.00 for this stock, currently below $2.00. Whatever it may be, nice momentum in play here.
http://biz.yahoo.com/bw/041203/35112_7.html
OBCI: great momentum trade, moving up fast, I think it may be a result of the stock buyback their company was going to do. Whatever it is, the stock is a mover and great momentum play.
http://biz.yahoo.com/bw/041203/35112_7.html
POCI chart: Looking promising!
well congratulations, coz POCI is getting decent buying going on. It's behaving exactly as it did yesterday and it ended up going up 41 cents, let's see how it turns out today.
POCI heavy pre-market action.
POCI: watch out for momentum tomorrow, stock's undergoing a breakout right now, 200 DMA is at $1.71 and the stock's trading at $1.66. $1.71 is the superbreakout mark.
POCI chart: 200 DMA is at $1.71 the stock is trading after hours at $1.67. When any stock hits the 200 DMA, it leads to a super breakout and high chances of POCI doing that tomorrow.
yes i think POCI momentum will continue tomorrow.
POCI .. and the buying continues
POCI building a BEAUTIFUL chart, consistent buying on this one.
POCI hitting a new high of the day. Buying is going on like crazy, close to 6 times average volume now.
POCI giving us some great gains today, over double its average volume and chart indicators are looking gr8!
POCI: ADX +DI indicator (upward trend) getting stronger on the momentum.
POCI momentum is way up...looks like a great short term play.
POCI: qualified for a momentum play today.
dunno, but PLKC dont look that great to me chart wise.
ISON: sold on news, out withsome gains
MACR: short position on this paying off.
HAPPY NEW YEAR EVERYBODY !!
yep, TAYD is ur typical short lived, speculation based momentum play.
very good Deus, I exited BTHS and ANLT .. two very very good trades this week. Might just take a break till new year's is over and enjoy myself. What abt urself?