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ABCI - thanks for the response. Did it really hit .02 last week and then go back to where it started? Any thoughts?
I'm trying to track down the trades for the day to see how many traded as it was pumped.
OFCC and ABCI - 2 that came alive past couple of days. Anyone follow these and have any thoughts?
FNRP - GXXL - FWIW - they just PR'd that you get 1 FNRP for every 25 post f/s for GXXL. So if you have 1 million GXXL, you get 40K FNRP - restricted for a year, with possible removal of restriction prior to a year if counsel allows.
The company has an IR representative on hotstockmarket.com
can you cut and paste them? my feed is down. thanks in advance. r/merger
ABCI - anyone else riding this one?
TVIN - 4.38 + .27 on nasdaq listing
GXXL-i'm sure it's just a way to identify the shares. All these crappy pink sheet companies have to do something to fight the naked shorts. r/s f/s dividends spin offs, etc., it's probably the only way to make shorts cover. You can't create value out of thin air, but you can fight artificial float with artificial devices.
GXXL - anyone still following it? Yesterdays' trading was very interesting. Could be another run.
GXXL - may be setting up for another run. Look at yesterday's trading.
STKR-I was looking to do the same. But problem with SEC is that it can drag on for weeks if not months. So the pps may just gradually die down to about .50 or even less unfortunately. In any event, it's probably dead money for awhile.
QTEK - .19 x .20 on 200,000 shares, continues to deliver.
Quintek Enters Into $3.3 Million Funding Agreement with Golden Gate Investors
Tuesday August 10, 9:30 am ET
HUNTINGTON BEACH, Calif., Aug. 10, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that it has signed an agreement with the private equity fund, Golden Gate Investors, based in San Francisco, CA to provide Quintek with $3.3 million in capital. This capital will allow Quintek to move forward and execute its growth plans.
The deal is structured as two year $300,000 convertible notes paying 5 3/4% interest and 3,000,000 warrants to purchase common stock for a period of three years at $1.00. The notes will be converted periodically over the next two years at prices up to $0.50 a share based on the market price of Quintek's common stock prior to conversion. Upon conversion of the note, the fund is obligated to simultaneously exercise the $1.00 warrants providing added funding to the company.
Quintek CEO Robert Steele stated, ``This institutional funding will allow the company to produce the rapid growth that we anticipate. This transaction also shows how our relationship with WestPark Capital has expanded our access to institutional investors.'' Steele added, ``The funding deal with GGI comes on the heels of a recent institutional commitment from a London-based investment company to purchase shares from Quintek at market price with a two year hold, further validation of our plan and showing that there is long term interest in our Company. We anticipate continued growing interest from individual and institutional investors.''
About Golden Gate Investors
Golden Gate Investors goal is to establish relationships and add value to public companies by providing financial resources, experience, and industry knowledge. The fund is managed by a group led by Norman Litz. Mr. Litz graduated at the top of his class from Wharton and Berkeley (MBA in finance) and went on to hold numerous positions on Wall Street as an analyst for Value Line, Wertheim, and Lehman Brothers. He was a Portfolio Manager for the no. 1 ranked Oppenheimer Fund. Norman has been the President of a commercial real estate brokerage firm and the Senior Partner of a private investment partnership.
About WestPark Capital, Inc.
WestPark Capital, Inc., is a full service investment banking and securities brokerage firm headquartered in Los Angeles, California. WestPark provides a wide range of services for both private and public companies, as well as to individuals and institutional investors worldwide. Some of these services include; Mergers & Acquisitions, Acquisition Financing, Public Offerings (IPO's and Reverse Mergers), Secondary Offerings, Private Placements, PIPES, Recapitalization, Restructuring, Valuations, Fairness Opinions, etc.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
``Safe-Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act''), including statements regarding potential sales, the success of the company's business, as well as statements that include the word ``believe'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2002 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to secure funding, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Contact:
Quintek Technologies, Inc.
Andrew Haag, Chief Financial Officer
(714)-848-QSI1
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Mark Moline
1-866-EASY-IRM, Toll Free
(949) 497-6684
mark@cinapsys.com
--------------------------------------------------------------------------------
Source: Quintek Technologies
QTEK - .19 x .20 on 200,000 shares, continues to deliver.
Quintek Enters Into $3.3 Million Funding Agreement with Golden Gate Investors
Tuesday August 10, 9:30 am ET
HUNTINGTON BEACH, Calif., Aug. 10, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that it has signed an agreement with the private equity fund, Golden Gate Investors, based in San Francisco, CA to provide Quintek with $3.3 million in capital. This capital will allow Quintek to move forward and execute its growth plans.
The deal is structured as two year $300,000 convertible notes paying 5 3/4% interest and 3,000,000 warrants to purchase common stock for a period of three years at $1.00. The notes will be converted periodically over the next two years at prices up to $0.50 a share based on the market price of Quintek's common stock prior to conversion. Upon conversion of the note, the fund is obligated to simultaneously exercise the $1.00 warrants providing added funding to the company.
Quintek CEO Robert Steele stated, ``This institutional funding will allow the company to produce the rapid growth that we anticipate. This transaction also shows how our relationship with WestPark Capital has expanded our access to institutional investors.' Steele added, ``The funding deal with GGI comes on the heels of a recent institutional commitment from a London-based investment company to purchase shares from Quintek at market price with a two year hold, further validation of our plan and showing that there is long term interest in our Company. We anticipate continued growing interest from individual and institutional investors.'
About Golden Gate Investors
Golden Gate Investors goal is to establish relationships and add value to public companies by providing financial resources, experience, and industry knowledge. The fund is managed by a group led by Norman Litz. Mr. Litz graduated at the top of his class from Wharton and Berkeley (MBA in finance) and went on to hold numerous positions on Wall Street as an analyst for Value Line, Wertheim, and Lehman Brothers. He was a Portfolio Manager for the no. 1 ranked Oppenheimer Fund. Norman has been the President of a commercial real estate brokerage firm and the Senior Partner of a private investment partnership.
About WestPark Capital, Inc.
WestPark Capital, Inc., is a full service investment banking and securities brokerage firm headquartered in Los Angeles, California. WestPark provides a wide range of services for both private and public companies, as well as to individuals and institutional investors worldwide. Some of these services include; Mergers & Acquisitions, Acquisition Financing, Public Offerings (IPO's and Reverse Mergers), Secondary Offerings, Private Placements, PIPES, Recapitalization, Restructuring, Valuations, Fairness Opinions, etc.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
``Safe-Harbor' Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act'), including statements regarding potential sales, the success of the company's business, as well as statements that include the word ``believe' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2002 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to secure funding, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Contact:
Quintek Technologies, Inc.
Andrew Haag, Chief Financial Officer
(714)-848-QSI1
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Mark Moline
1-866-EASY-IRM, Toll Free
(949) 497-6684
mark@cinapsys.com
--------------------------------------------------------------------------------
Source: Quintek Technologies
VSYS - 2.39 + .18
Viscount Introduces MESH LCS Homeland Security System
Monday August 9, 9:00 am ET
BURNABY, BC--(MARKET WIRE)--Aug 9, 2004 -- Viscount Systems Inc (OTC BB:VSYS.OB - News) today announced the introduction of the new MESH Linux Cluster Server (MESH LCS) security and building control system. MESH LCS is the first ever system to provide full hardware redundancy for access control, biometrics, elevator control, voice communications, alarm, and video integration applications. The MESH LCS will be the backbone of MESH installations at Homeland Security, Governmental, Institutional, and large commercial sites around the world.
Steve Pineau, Viscount President and CEO, commented: "Unlike any older Wiegand based systems, not only does MESH LCS eliminate up to 80% of the cost of traditional building controllers, the implementation of clustered redundancy means that should a primary server fail the system will simply enter into backup mode and continue to operate. This applies both within a single building and allows groups of buildings to become co-supporting. During the first phase of the MESH rollout we provided a solution with our intelligent MESH readers that can immediately notify management of failure or tampering, unlike older Wiegand devices which have a gaping reliability gap. Much more importantly, when an older Wiegand controller fails up to 8 doors or elevators immediately cease to operate. The control units are often difficult to find and service. They are prone to electrical failure and it is common for whole batches to fail when hit by lightning surges. The MESH LCS provides a solution to this and more. With MESH LCS, government agencies and Homeland Security decision makers have a solution to the Wiegand dilemma."
Richard Paladino, President of Paladin Sales Group, adds: "This hardware redundancy can eliminate traditional card access failure points, and virtually eliminate access control downtime. The MESH LCS platform is a perfect fit for Homeland Security-type applications."
About Paladin Sales Group
Headquartered in New York, with a staffed corporate office in Melville, NY, Paladin Sales Group focuses on system integrators and security dealers, working with them to design and specify their system requirements. Paladin's two regional offices cover the territories of New England, New York, New Jersey, PA and the Mid-Atlantic states. The Company's area of coverage include Massachusetts, Connecticut, Maine, New Hampshire, Vermont, Rhode Island, New York, New Jersey, Pennsylvania, Maryland, Delaware, Virginia, West Virginia and Washington DC. Paladin Sales Group represents product lines for Samsung CCTV, SecuraKey, Extreme CCTV, Signal Communications, Motion Media CCTV and Viscount Systems. For more information visit www.paladinsalesgroup.com.
About Viscount Systems
Viscount Systems Inc. is a designer and manufacturer of telecommunications and electronic door control access systems for the security industry. From 1969-1997 Viscount was an R&D affiliate of Telus, itself a controlled subsidiary of GTE, now Verizon Communications. The company's diverse line of products are designed to improve safety and manage security for property owners and users. Viscount's products have been installed in approximately 35,000 sites in over 30 countries and are sold through a 500 member, North America-wide dealer network comprised of security equipment vendors. Additional information on Viscount's products may be obtained on-line at http://www.viscount.com.
Financial statements are available from the company's registration statement filed with the U.S. Securities and Exchange Commission on February 6, 2002, which may be viewed at www.sec.gov or the company's web site www.viscount.com under the heading "Investor Relations." For further information, or to be placed on email NEWS ALERT please e-mail to ir@viscount.com or call toll free 1-866-252-9446.
Safe Harbor Statement
This press release does not constitute an offer to sell or the solicitation of any offer to buy any securities of Viscount Systems Inc., nor shall there be any sale of any such security 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.
Forward-looking statements: This press release and other statements by Viscount Systems Inc. may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act with respect to the outlook for earnings and revenues, other future financial or business performance, strategies and expectations. Forward-looking statements are typically identified by words or phrases such as "believe," "expect," "estimate," "position," "assume," "potential," "outlook," "continue," "remain," "maintain," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," or similar expressions.
Distributed by Filing Services Canada and retransmitted by Market Wire
Contact:
Contact:
Nick Waddell
Viscount Systems, Inc.
VP, Corporate Communications
Toll Free 1-866-252-9446
Nick@viscount.com
--------------------------------------------------------------------------------
Source: Viscount Systems Inc.
QTEK - I just picked this up on RB - I saw it tanked at the end of the day, but look at the last 2 trades and you can see it is MM's trying to scare up some shares.
Time Price Volume Exchange Info
15:56:53 0.160 500 OTCBB at Bid
15:56:51 0.170 200 OTCBB
15:05:01 0.180 10000 OTCBB
12:31:45 0.190 100 OTCBB at Ask
10:30:46 0.180 5000 OTCBB at Bid
10:00:21 0.190 5000 OTCBB
09:38:21 0.190 1500 OTCBB at Bid
09:36:21 0.200 5000 OTCBB
09:35:56 0.190 5900 OTCBB at Bid
09:35:36 0.190 5000 OTCBB at Bid
QTEK - I just picked this up on RB - I saw it tanked at the end of the day, but look at the last 2 trades and you can see it is MM's trying to scare up some shares.
Time Price Volume Exchange Info
15:56:53 0.160 500 OTCBB at Bid
15:56:51 0.170 200 OTCBB
15:05:01 0.180 10000 OTCBB
12:31:45 0.190 100 OTCBB at Ask
10:30:46 0.180 5000 OTCBB at Bid
10:00:21 0.190 5000 OTCBB
09:38:21 0.190 1500 OTCBB at Bid
09:36:21 0.200 5000 OTCBB
09:35:56 0.190 5900 OTCBB at Bid
09:35:36 0.190 5000 OTCBB at Bid
QTEK - breaking .20 - prior break out per chart .18. Next resistance .25. Brought it here a few days ago.
Quintek Enters Into Agreement With London Investment Company for the Purchase of $2.38 million of Quintek Common Stock
Thursday August 5, 7:30 am ET
HUNTINGTON BEACH, Calif., Aug. 5, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that it has signed an agreement with a private investment company for the purchase, by the investment company, of $2.38 million of Quintek's restricted common stock in exchange for tradable shares of the investment company. The investment company's proposed portfolio consists of investments in 23 U.S. based micro cap companies currently valued at $139 million.
The investment company is a newly formed London-based company that applied for its shares to be admitted to trading on the London Stock Exchange as an investment trust on August 2, 2004. Once the investment company shares are admitted for trading on the London Exchange, the agreement with Quintek goes into effect. The investment company has been established specifically to invest in U.S. micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
``This investment will significantly increase the asset base of Quintek providing for more financial stability,'' said Andrew Haag, CFO of Quintek. ``This increase in assets, coupled with our restructuring efforts to reduce liabilities, should represent a dramatic change in the financial condition of Quintek, which should be evident in our upcoming filing for the Quarter ending June 30, 2004.''
Robert Steele, CEO of Quintek commented, ``Quintek is 1 of 23 companies selected by the managers of this fund from the universe of U.S. micro cap companies.'' He continued, ``This solid vote of confidence from an institutional investor indicates that the interest in Quintek is growing. As we build momentum and move forward with our aggressive growth plan, we hope to see more interest from individual and institutional investors.''
The investment company has entered into a ``lock-up'' agreement with Quintek pursuant to which it has agreed not to trade the Quintek shares it will receive as a result of this transaction, for a period of two years from the closing date. In full payment for the shares of Quintek, the investment company will issue to Quintek USD $2.38 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Quintek common stock at such time is less than the per share value of the Quintek stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Quintek at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
``Safe-Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act''), including statements regarding potential sales, the success of the company's business, as well as statements that include the word ``believe'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2002 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to secure funding, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Contact:
Quintek Technologies
Andrew Haag, Chief Financial Officer
(714) 848-QSI1
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Mark Moline
(866) EASY-IRM, Toll Free
(949) 497-6684, Direct
mark@cinapsys.com
--------------------------------------------------------------------------------
Source: Quintek Technologies
QTEK - breaking .20 - prior break out per chart .18. Next resistance .25. Brought it here a few days ago.
Quintek Enters Into Agreement With London Investment Company for the Purchase of $2.38 million of Quintek Common Stock
Thursday August 5, 7:30 am ET
HUNTINGTON BEACH, Calif., Aug. 5, 2004 (PRIMEZONE) -- Quintek Technologies, Inc. (OTC BB:QTEK.OB - News) announced today that it has signed an agreement with a private investment company for the purchase, by the investment company, of $2.38 million of Quintek's restricted common stock in exchange for tradable shares of the investment company. The investment company's proposed portfolio consists of investments in 23 U.S. based micro cap companies currently valued at $139 million.
The investment company is a newly formed London-based company that applied for its shares to be admitted to trading on the London Stock Exchange as an investment trust on August 2, 2004. Once the investment company shares are admitted for trading on the London Exchange, the agreement with Quintek goes into effect. The investment company has been established specifically to invest in U.S. micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
``This investment will significantly increase the asset base of Quintek providing for more financial stability,'' said Andrew Haag, CFO of Quintek. ``This increase in assets, coupled with our restructuring efforts to reduce liabilities, should represent a dramatic change in the financial condition of Quintek, which should be evident in our upcoming filing for the Quarter ending June 30, 2004.''
Robert Steele, CEO of Quintek commented, ``Quintek is 1 of 23 companies selected by the managers of this fund from the universe of U.S. micro cap companies.'' He continued, ``This solid vote of confidence from an institutional investor indicates that the interest in Quintek is growing. As we build momentum and move forward with our aggressive growth plan, we hope to see more interest from individual and institutional investors.''
The investment company has entered into a ``lock-up'' agreement with Quintek pursuant to which it has agreed not to trade the Quintek shares it will receive as a result of this transaction, for a period of two years from the closing date. In full payment for the shares of Quintek, the investment company will issue to Quintek USD $2.38 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Quintek common stock at such time is less than the per share value of the Quintek stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Quintek at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
The solutions and services the Company provides enable organizations to secure and manage their information and document business processes more efficiently. The Aberdeen Group, a provider of IT market intelligence, forecasts 13 percent annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion.
``Safe-Harbor'' Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the ``Exchange Act''), including statements regarding potential sales, the success of the company's business, as well as statements that include the word ``believe'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Quintek to differ materially from those implied or expressed by such forward-looking statements. Such factors include, among others, the risk factors included in Quintek's Annual Report on Form 10-KSB for the fiscal year ended June 30, 2002 and any subsequent reports filed with the SEC under the Exchange Act. This press release speaks as of the date first set forth above and Quintek assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, inability to secure funding, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.
Contact:
Quintek Technologies
Andrew Haag, Chief Financial Officer
(714) 848-QSI1
ahaag@quintek.com
Investor Relations
Cinapsys, Inc.
Mark Moline
(866) EASY-IRM, Toll Free
(949) 497-6684, Direct
mark@cinapsys.com
--------------------------------------------------------------------------------
Source: Quintek Technologies
IMX - good call crumster 10.58 was high and it closed at 10.55, but baically spread was right there where you called the resistance 200 sma.
I suspect market up tomorrow and this will follow through. Tiny float and largely PR driven, with news coming in over the next 30-60 days on several fronts.
IMX - huge volume and move - mentioned in briefing co. 5 million float
portable bomb detectors - olympics - army, navy
IMX - + 1.02 on huge volume -- major play portable bomb detector - 5 million float
AVAN - sorry - reason for the run CEO buying - insiders buying
AVAN - INSIDER BUYING - reason for the run.
AVAN - vaccine play - looking good on a bad market day. Insiders have been buying.
AVAN - challenge at 2 -
biodefense, anthrax, plague but also general vaccine play
QTEK - breakout at .18
Quintek Enters Into Agreement With London Investment Company for the Purchase of $2.38 million of Quintek Common Stock
via COMTEX
August 5, 2004
HUNTINGTON BEACH, Calif., Aug 05, 2004 (PRIMEZONE via COMTEX) --
Quintek Technologies, Inc. (OTCBB:QTEK) announced today that it has signed an agreement with a private investment company for the purchase, by the investment company, of $2.38 million of Quintek's restricted common stock in exchange for tradable shares of the investment company. The investment company's proposed portfolio consists of investments in 23 U.S. based micro cap companies currently valued at $139 million.
The investment company is a newly formed London-based company that applied for its shares to be admitted to trading on the London Stock Exchange as an investment trust on August 2, 2004. Once the investment company shares are admitted for trading on the London Exchange, the agreement with Quintek goes into effect. The investment company has been established specifically to invest in U.S. micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
"This investment will significantly increase the asset base of Quintek providing for more financial stability," said Andrew Haag, CFO of Quintek. "This increase in assets, coupled with our restructuring efforts to reduce liabilities, should represent a dramatic change in the financial condition of Quintek, which should be evident in our upcoming filing for the Quarter ending June 30, 2004."
Robert Steele, CEO of Quintek commented, "Quintek is 1 of 23 companies selected by the managers of this fund from the universe of U.S. micro cap companies." He continued, "This solid vote of confidence from an institutional investor indicates that the interest in Quintek is growing. As we build momentum and move forward with our aggressive growth plan, we hope to see more interest from individual and institutional investors."
The investment company has entered into a "lock-up" agreement with Quintek pursuant to which it has agreed not to trade the Quintek shares it will receive as a result of this transaction, for a period of two years from the closing date. In full payment for the shares of Quintek, the investment company will issue to Quintek USD $2.38 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Quintek common stock at such time is less than the per share value of the Quintek stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Quintek at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
AVAN - breaking out, challenging 2 - biodefense and general vaccine play.
AVAN - running - anthrax, plague, but diversified vaccine play
QTEK - .194 confirms break out
QTEK - .194 See prior posts.
QTEK - see chart .185 - break over .18
QTEK - posted PR earlier - now .185 - breakout
QTEK - saw this on RB, but it's not on Yahoo news. Can anyone confirm this?
Quintek Enters Into Agreement With London Investment Company for the Purchase of $2.38 million of Quintek Common Stock
via COMTEX
August 5, 2004
HUNTINGTON BEACH, Calif., Aug 05, 2004 (PRIMEZONE via COMTEX) --
Quintek Technologies, Inc. (OTCBB:QTEK) announced today that it has signed an agreement with a private investment company for the purchase, by the investment company, of $2.38 million of Quintek's restricted common stock in exchange for tradable shares of the investment company. The investment company's proposed portfolio consists of investments in 23 U.S. based micro cap companies currently valued at $139 million.
The investment company is a newly formed London-based company that applied for its shares to be admitted to trading on the London Stock Exchange as an investment trust on August 2, 2004. Once the investment company shares are admitted for trading on the London Exchange, the agreement with Quintek goes into effect. The investment company has been established specifically to invest in U.S. micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
"This investment will significantly increase the asset base of Quintek providing for more financial stability," said Andrew Haag, CFO of Quintek. "This increase in assets, coupled with our restructuring efforts to reduce liabilities, should represent a dramatic change in the financial condition of Quintek, which should be evident in our upcoming filing for the Quarter ending June 30, 2004."
Robert Steele, CEO of Quintek commented, "Quintek is 1 of 23 companies selected by the managers of this fund from the universe of U.S. micro cap companies." He continued, "This solid vote of confidence from an institutional investor indicates that the interest in Quintek is growing. As we build momentum and move forward with our aggressive growth plan, we hope to see more interest from individual and institutional investors."
The investment company has entered into a "lock-up" agreement with Quintek pursuant to which it has agreed not to trade the Quintek shares it will receive as a result of this transaction, for a period of two years from the closing date. In full payment for the shares of Quintek, the investment company will issue to Quintek USD $2.38 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Quintek common stock at such time is less than the per share value of the Quintek stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Quintek at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
QTEK - saw this on RB, but it's not on Yahoo. Can anyone confirm this?
Quintek Enters Into Agreement With London Investment Company for the Purchase of $2.38 million of Quintek Common Stock
via COMTEX
August 5, 2004
HUNTINGTON BEACH, Calif., Aug 05, 2004 (PRIMEZONE via COMTEX) --
Quintek Technologies, Inc. (OTCBB:QTEK) announced today that it has signed an agreement with a private investment company for the purchase, by the investment company, of $2.38 million of Quintek's restricted common stock in exchange for tradable shares of the investment company. The investment company's proposed portfolio consists of investments in 23 U.S. based micro cap companies currently valued at $139 million.
The investment company is a newly formed London-based company that applied for its shares to be admitted to trading on the London Stock Exchange as an investment trust on August 2, 2004. Once the investment company shares are admitted for trading on the London Exchange, the agreement with Quintek goes into effect. The investment company has been established specifically to invest in U.S. micro cap companies with long term growth potential. The investment company expects its shares to be trading on the London Stock Exchange by September 30, 2004.
"This investment will significantly increase the asset base of Quintek providing for more financial stability," said Andrew Haag, CFO of Quintek. "This increase in assets, coupled with our restructuring efforts to reduce liabilities, should represent a dramatic change in the financial condition of Quintek, which should be evident in our upcoming filing for the Quarter ending June 30, 2004."
Robert Steele, CEO of Quintek commented, "Quintek is 1 of 23 companies selected by the managers of this fund from the universe of U.S. micro cap companies." He continued, "This solid vote of confidence from an institutional investor indicates that the interest in Quintek is growing. As we build momentum and move forward with our aggressive growth plan, we hope to see more interest from individual and institutional investors."
The investment company has entered into a "lock-up" agreement with Quintek pursuant to which it has agreed not to trade the Quintek shares it will receive as a result of this transaction, for a period of two years from the closing date. In full payment for the shares of Quintek, the investment company will issue to Quintek USD $2.38 million equivalent of its shares at a price per share valued at One Pound Sterling.
Fifty percent of the investment company's shares will be held in escrow for two years following their issuance and in the event the per share market price of the Quintek common stock at such time is less than the per share value of the Quintek stock at the time of the closing, the investment company shall be entitled to receive out of escrow a percentage of the shares equal to the percentage of such decline. The remaining shares held in escrow shall be released to Quintek at such time. The closing of this transaction is subject to certain contingencies, including the listing of the investment company shares on the London Stock Exchange on or before September 30, 2004.
About Quintek
Quintek Technologies, Inc. has been a manufacturer of hardware and software and a service provider to the corporate and public sector markets since 1991. The Company's new division, Quintek Services Inc. (QSI) delivers Business Process Outsourcing (BPO) services and Information Lifecycle Management (ILM) solutions to document intensive industries such as public utilities, healthcare, insurance, financial, legal, telecommunications and manufacturing.
and that's just what they've disclosed from only 2 contracts.
Key to me is that all this - eg cash dividend - will require idenitification of certificates and this could kill the supposedly HUGE NAKED SHORT POSITION.
GXXL - not only the cash dividend and the other spinoff and foward split -
I do belive that all this is part of a plan to kill the NAKED SHORTS in this. When I first read about GXXL, they were claiming 100 million in naked shorts.
Because shares will have to be identified, naked shorts will have to actually put clothes on and COVER!!
That's where the real action may be.
Look at how this was over the past year.
GXXL - cash dividend and revenues - also they are setting up some type of investor hot line - see latter in another PR from yesterday
Global Announces Cash Dividend; Company to Receive $120,000 per Year From Gold Technologies Inc.
Tuesday August 3, 6:31 am ET
RESTON, VA--(MARKET WIRE)--Aug 3, 2004 -- Global Explorations Inc. (Other OTC:GXXL.PK - News) will receive $120,000 per year from Gold Technologies Inc.
ADVERTISEMENT
"After lengthy negotiations with Gold Technologies, we finally have a contract. Global shall receive $120,000 per year from the company to market its products and services and to distribute press releases to our database," stated Atul Mehta, PR Manager Global Explorations Inc.
"The company will distribute all the funds received from this contract to our shareholders in the form of a cash dividend. More details of this will be made available shortly.
"We have revenue. We have a real product. We have a solid business plan. We want to reward our loyal shareholders," continued Atul Mehta.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
Contact:
CONTACT:
Global Explorations Inc.
Mr. Mehta
Public Relations
(703) 478-3222
investors@millenniumsms.org
--------------------------------------------------------------------------------
Source: Global Explorations Inc.
GXXL - cash dividend and revenues
Global Announces Cash Dividend; Company to Receive $120,000 per Year From Gold Technologies Inc.
Tuesday August 3, 6:31 am ET
RESTON, VA--(MARKET WIRE)--Aug 3, 2004 -- Global Explorations Inc. (Other OTC:GXXL.PK - News) will receive $120,000 per year from Gold Technologies Inc.
ADVERTISEMENT
"After lengthy negotiations with Gold Technologies, we finally have a contract. Global shall receive $120,000 per year from the company to market its products and services and to distribute press releases to our database," stated Atul Mehta, PR Manager Global Explorations Inc.
"The company will distribute all the funds received from this contract to our shareholders in the form of a cash dividend. More details of this will be made available shortly.
"We have revenue. We have a real product. We have a solid business plan. We want to reward our loyal shareholders," continued Atul Mehta.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
Contact:
CONTACT:
Global Explorations Inc.
Mr. Mehta
Public Relations
(703) 478-3222
investors@millenniumsms.org
--------------------------------------------------------------------------------
Source: Global Explorations Inc.
GXXL - cash dividend and revenues
Global Announces Cash Dividend; Company to Receive $120,000 per Year From Gold Technologies Inc.
Tuesday August 3, 6:31 am ET
RESTON, VA--(MARKET WIRE)--Aug 3, 2004 -- Global Explorations Inc. (Other OTC:GXXL.PK - News) will receive $120,000 per year from Gold Technologies Inc.
ADVERTISEMENT
"After lengthy negotiations with Gold Technologies, we finally have a contract. Global shall receive $120,000 per year from the company to market its products and services and to distribute press releases to our database," stated Atul Mehta, PR Manager Global Explorations Inc.
"The company will distribute all the funds received from this contract to our shareholders in the form of a cash dividend. More details of this will be made available shortly.
"We have revenue. We have a real product. We have a solid business plan. We want to reward our loyal shareholders," continued Atul Mehta.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
Contact:
CONTACT:
Global Explorations Inc.
Mr. Mehta
Public Relations
(703) 478-3222
investors@millenniumsms.org
--------------------------------------------------------------------------------
Source: Global Explorations Inc.
Global Announces Cash Dividend; Company to Receive $120,000 per Year From Gold Technologies Inc.
Tuesday August 3, 6:31 am ET
RESTON, VA--(MARKET WIRE)--Aug 3, 2004 -- Global Explorations Inc. (Other OTC:GXXL.PK - News) will receive $120,000 per year from Gold Technologies Inc.
ADVERTISEMENT
"After lengthy negotiations with Gold Technologies, we finally have a contract. Global shall receive $120,000 per year from the company to market its products and services and to distribute press releases to our database," stated Atul Mehta, PR Manager Global Explorations Inc.
"The company will distribute all the funds received from this contract to our shareholders in the form of a cash dividend. More details of this will be made available shortly.
"We have revenue. We have a real product. We have a solid business plan. We want to reward our loyal shareholders," continued Atul Mehta.
CAUTIONARY STATEMENT: This news release may include forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act as amended, and/or the U.S. Private Securities Litigation Reform Act of 1995. All statements involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements that involve various risks and uncertainties. All forward-looking statements in this release are expressly qualified by this notice.
Contact:
CONTACT:
Global Explorations Inc.
Mr. Mehta
Public Relations
(703) 478-3222
investors@millenniumsms.org
--------------------------------------------------------------------------------
Source: Global Explorations Inc.