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I believe that the AXS contract was a big waste of shareholder money.
Again nice find. A 23% profit would be great.
Nice find.
ASFX will get no money unless and until they have a signed PO
------------------------------------------------------------
That's what the PR plainly said. Why the redundancy?
It's easier to get a PO if you can deliver the product. Now they have funding to manufacture and deliver their products.
They have their ducks in order.
They should be able to sell a lot of product with that money. Nice job by the company for getting the deal.
NEWS - American Scientific Resources Receives Commitment for $3 Million Financing
WESTON, Fla., July 21, 2010 /PRNewswire via COMTEX/ -- American Scientific
Resources, Inc. (the "Company" or "ASR") (Pink Sheets: ASFX) announces today
that the Company has received final commitment for a $3 million purchase order
financing facility from Hartsko Financial Companies for the purpose of sales
order fulfillment only.
American Scientific Resources has been a trusted source as an innovator in
providing unique health and safety-related products that help children and their
families lead healthier, happier and safer lives.
The Company's newly manufactured Non-Contact Thermometers including the Kidz-Med
5-in-1 consumer model and the VeraTemp 5-in-1 professional model, which utilize
the latest in technology as a trauma-free, no-touch way to take a temperature
quickly and easily, are scheduled to hit the market during the third quarter
2010.
Dr. Christopher Tirotta, CEO of American Scientific, commented, "Having
non-dilutive financing available at this progressive stage in the Company's
timeline not only improves our operational cash position but also provides
assurance to current and new vendors that their PO's will be delivered on time."
He continues, "This is not a line of credit. We will begin using the financing
very shortly and look forward to enjoying the stability this financing affords
our growing company."
Hartsko will have a security interest in the financed inventory. ASR urges
shareholders who would like to be on the Company's Newsletter E-mail List in
order to receive all ASR updates to visit the ASR website homepage at
www.americansci.com to sign-up.
About Hartsko Financial Companies
Hartsko Financial Companies specializes in purchase order financing for
well-managed small to mid-sized companies. The company offers letter of credit
financing, trade financing, obtaining sufficient capital, reduction of foreign
risk, preservation of equity and speed of funding solutions. The company was
founded in 2003 and is based in Bayside, New York. For more information on the
company, visit www.hartsko.com.
About American Scientific Resources, Inc.
American Scientific Resources, Inc. is both an operating company and the holding
company for wholly owned subsidiary, Kidz-Med. The Company sources and designs
innovative health and safety products, develops intellectual property and
distributes through established relationships and channels both in-house and
through its ever growing network of proven global healthcare distributors.
For more information, visit the corporate web site at www.americansci.com and
the Company's subsidiary Kidz-Med at www.kidzmed.com.
Safe Harbor
This release may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Statements contained in this
release that are not historical facts may be deemed to be forward-looking
statements. Investors are cautioned that forward-looking statements are
inherently uncertain. Actual performance and results may differ materially from
that projected or suggested herein due to certain risks and uncertainties
including, without limitation, ability to obtain financing and regulatory and
shareholder approvals for anticipated actions.
This press release does not constitute an offer to sell any securities or a
solicitation of an offer to purchase any securities.
Contact
American Scientific Resources Investor Relations
E-mail IR@americansci.com
Or call 561-948-4863
SOURCE American Scientific Resources, Inc.
NEWS - Quasar Aerospace Industries, Inc. Sets Time for Conference Call
JACKSONVILLE, FL, Jul 19, 2010 (MARKETWIRE via COMTEX) -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP)
The CEO of Quasar Aerospace Industries, Inc., Dean Bradley, announces that a
conference call has been scheduled for Tuesday, July 20, 2010 at 4:00 P.M.
Eastern time to further inform and update shareholders on the company's
progress. The details of the conference call are described below:
Shareholder Update Tuesday, July 20, 2010- 4 pm EDT Toll Free Number:
(1-800-868-1837) Participant Code: 766288# Direct Dial Number: (1-404-920-6440)
Participant Code: 766288#
This call is a live, listen-only, dial-in telephone line. The first 300 people
that call in can join in the call. The rest will be able to listen to the audio
recording as soon as we are able to get it posted to our website. Questions can
be emailed to IR@quasaraerospace.net prior to 2:00 P.M. Eastern Standard Time on
July 20, 2010. Mr. Bradley will make every attempt to answer these questions,
but please be aware that Mr. Bradley will not answer any questions or give
information that we are not at liberty to disclose at the time of the call.
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements as a result of various factors, and other risks.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Quasar Aerospace Industries, Inc. under take no obligation to update such
statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:IR@quasaraerospace.net
ADML was the original company that bought Wytec and it was this company that made the original inroads with China, which nobody has been able to capitalize on. I believe that ADML was sold to MediaG3 in it's entirety.
Adam Friedman was investor relations for MediaG3.
It seems like our towers would be listed here.
http://wireless2.fcc.gov/UlsApp/AsrSearch/asrRegistrationSearch.jsp
BP buys up Gulf scientists for legal defense, roiling academic community
http://blog.al.com/live/2010/07/bp_buys_up_gulf_scientists_for.html
NEWS - Quasar Aerospace Announces Update on Mineseeker
JACKSONVILLE, FL, Jul 01, 2010 (MARKETWIRE via COMTEX) -- The CEO of Quasar
Aerospace Industries, Inc. (PINKSHEETS: QASP), Dean Bradley, announces that
Quasar Aerospace Industries, Inc. has fully funded the Mineseeker Overseas
Operations LTD Croatia demonstration. Mr. Bradley is in Europe and will be
attending and monitoring the demonstrations in person.
Quasar Aerospace Industries, Inc. and Mineseeker Overseas Operations LTD have
extended the option for closing the equity purchase by Quasar of Mineseeker
until July 31, 2010. The equity purchase was delayed in order to fully fund the
Croatia demonstration program. This program is a key venue allowing for a live
demonstration of the Mineseeker technology to a worldwide audience.
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements as a result of various factors, and other risks.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Quasar Aerospace Industries, Inc. undertakes no obligation to update such
statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:IR@quasaraerospace.net
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Aerospace and Defense:Aircraft
NEWS - Quasar Aerospace Update on Funding
JACKSONVILLE, FL, Jul 01, 2010 (MARKETWIRE via COMTEX) -- The CEO of Quasar
Aerospace Industries, Inc. (PINKSHEETS: QASP), Dean Bradley, regrettably
announces that Newby and Associates has confirmed a delay in the funding being
provided to Quasar Aerospace Industries, Inc. Mr. Newby has informed the company
that although the company had met its contractual obligations and provided the
$725,000 dollars required by Newby & Associates for funding, additional fees
will be needed to complete the transaction.
Mr. Newby has informed the Company that The Assets Backing the SBLC presented to
the bank for the cash funds of the Loan had been rejected due to insufficient
funds backing the SBLC. This bank is requiring that any SBLC that is to be
pledged as collateral must be 100% cash backed and not a combination of cash
equivalent Assets. Newby and Associates have worked expediently and have moved
the SBLC to another large worldwide recognized Banking institution with which
Mr. Newby's associates have a long term relationship. This Banking institution
has given preliminary approval to use the assets to secure a line of credit that
will be used to complete the $110,000,000 in funding for Quasar Aerospace
Industries, Inc. This delay has caused the accumulation of additional fees in
the approximate amount of $1,775,000. The company and Newby & Associates are in
the final stages of raising said fees.
Newby & Associates has given a new time line to serve as a retraction to the
Friday, June 24, 2010 press release. The new time line is that Newby &
Associates will be able to provide cash into Quasar Aerospace Industries, Inc.
Attorneys escrow account within 10 Banking days of receiving the $1,775,000 in
fees that need to be paid to the owners of the assets backing the SBLC, as well
as the issuer of the SBLC. There were a total of over $5 million in fees
associated with the original Loan, however, in the initial structure the
majority of the fees would have been paid upon closing. This delay and changing
of the Banking institution being used to provide funding has required more of
those fees to be paid up front.
Mr. Bradley, as well as Newby & Associates, are committed to finishing this
Funding as rapidly as possible and will continue to provide timely updates on
the progress.
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements as a result of various factors, and other risks.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Quasar Aerospace Industries, Inc. undertakes no obligation to update such
statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:IR@quasaraerospace.net
I did DD on the original company. I've been in for 18 months. I did not like the RM with IW. What is going in with this company?
Http://images.edocket.azcc.gov/docketpdf/0000004093.pdf
Val has nothing to sell.
He has nothing to sell. I have lost all confidence here.
NEWS -
MediaG3 Signs Business Joint Venture With Emerging GPS Industry Leader,
Globe Track Wireless, Inc.
SAN FRANCISCO, CA, Jun 16, 2010 (MARKETWIRE via COMTEX) -- MediaG3, Inc.
(PINKSHEETS: MDGC) announced today the Company has signed a Business Joint
Venture Agreement with Globe Track Wireless, Inc., (GTWGPS.COM), an emerging
leader in the application of global positioning technology, vehicle usage and
management software tools.
Globe Track Wireless utilizes state of the art technology to provide an
affordable and efficient means of tracking and managing location and usage. The
emerging GPS markets include: Corporate and fleet supervision, which requires
the capacity to locate and track vehicle movement, compile usage data, and
provide vital notification in real-time if event usage varies from prescribed
parameters.
Moreover, a significant retail market can be obtained by offering the company's
cutting edge devices, reasonably priced, for personal applications including
children, family members, pets, electronics, recreation vehicles, etc.;
providing the Company with an opportunity to grow exponentially through the
penetration of these and other untapped markets.
"We are excited to add Globe Track Wireless GPS technologies to our expanding
line of mobile products and services," says Val Westergard, CEO MediaG3. "GTW's
GPS tracking software is an excellent complementary application that can be used
in a variety of ways throughout the mobile community, and a welcome partner to
our roadside assistance, mobile advertising and internet services platform."
"Globe Track Wireless's products and services will benefit customers with added
peace of mind and security. MediaG3's target customers are technically savvy,
risk, resource, and asset aware, easily realizing the benefits of our products
and services. I see the partnership between these two companies as a 'win/win'
for both sides," said Michael J. Coker, President of Globe Track Wireless, Inc.
"Speaking of mobile advertising," commented Mr. Westergard, "GTW, is a sponsor
of 'car 26,' a participant in NASCAR's Sprint Cup series, who claim one of the
largest viewing audiences of any US sporting event; and will provide their
members special access to Globe Track Wireless devices and service. With an
estimated 75 million fan base, this relationship will greatly increase GTW's
exposure as well as provide a nice revenue stream for this joint venture. Look
for them on national TV networks or online at www.lat43.com."
About MediaG3, Inc. MediaG3, Inc. develops, markets, and delivers broadband
wireless technology products and services for today's fixed and mobile
customers. MediaG3 has five US patent protected broadband wireless technologies
and has received the US government grant and Chinese government approval for the
company's China Pilot project intended to serve 900 million Chinese people in
rural and interior regions. MediaG3 offers Internet access and Internet
telephone via fixed and WiMax mobile wireless throughout the US, under the
Imperial Wireless brand. MediaG3 will market their wireless broadband equipment,
technology and technology licensing under the Wytec brand. Wytec and Imperial
Wireless are wholly owned subsidiaries of MediaG3. MediaG3 is now headquartered
in San Francisco, CA, has offices and a lab in Boise Idaho and an office in
Shenzhen, China. For more information, visit www.mediag3.com.
About Globe Track Wireless Globe Track Wireless, Inc., based in Austin, TX,
provides services in urban, rural, off-road, and freshwater environments. Globe
Track Wireless provides real-time notifications as defined by vehicle owners,
dispatchers, or fleet managers. GTW is Affordable Advanced GPS Technology
allowing you to monitor your Drivers' Speed, Safety, Past and Present Locations,
Direction of Travel, Providing Peace of Mind, Improving Fleet efficiency,
Monitoring Loved ones, Protecting Assets, Reducing Insurance Costs, Assisting in
Theft Recovery, Eliminating Unauthorized Vehicle Use. Now a sponsor of "car 26"
NASCAR Sprint Cup Series, visit www.lat43.com. For more information, visit
www.GTWgps.com.
Safe Harbor Act: This release may contain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. "Forward-looking
statements" describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or "planned," "will"
or "should," "expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements,
including the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various factors, and
other unanticipated circumstances.
For additional information, Please visit our website at http://www.mediag3.com/news.html
or
contact Investor Relations:
Daniel Baldridge
President of Gibraltan Financial
407.830.9777
daniel.baldridge@gibraltan.com
SOURCE: MediaG3, Inc.
CONTACT: http://www.mediag3.com/news.html
mailto:daniel.baldridge@gibraltan.com
How many shares does he have.
Nice close. Hoping for a good updated. If I'm not mistaken they had to burn the late night oil to get their update out last time. Hopefully it'll come out earlier today.
A post from a month back. Depending on the circumstances, you don't necessary need to take everyone to court to get your licensing fees.
"Over 85 companies, including Cisco, RIM, Nokia, Panasonic, Samsung, Fujitsu, ASUS and Infineon have negotiated license agreements to certain or all of the patents at issue in Wi-LAN's laptop, router and handset cases. WiLAN technologies have been licensed by over 200 companies worldwide."
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48456668
Phoneguy I think your right. If your in the business long enough that stuff just comes natural.
Yes I posted the article and the same thing went through my mind. I wonder if Peterson has a patent on his chip, and if not I'm real curious if there is any kind of protection without the patent if you can prove that you invented it first.
Since a chip like his can be used for 4g it seems like it would be used now rather than later with 5g.
It's possible that there will be some or many licensees that will not contend the patent.
are you in one of these areas?
http://telava.com/businessservices/Tower_Footprint.aspx
He also used to work for Wytec.
2 of these advisers have experience with the towers we own, I believe we bought the towers from Powers.
NEWS -
MediaG3, Inc. Appoints Three Key Professionals to the Advisory Board as
Company Strengthens Foundation for Growth
BOISE, ID, Jun 01, 2010 (MARKETWIRE via COMTEX) -- MediaG3, Inc. (PINKSHEETS:
MDGC), announces today the Company has appointed 3 notable businessmen, Mr. Lino
G. Morris, Mr. David Boon, and Mr. Ray Powers to the Company's Advisory Board.
These highly connected and distinguished professionals bring over 110 years of
combined Technical, Communications and Management experience and relationships
to MediaG3.
Mr. Lino G. Morris, a globally recognized leader, brings over 40 years of
telecommunications experience to MediaG3. In 1996 he founded a group of
companies that provide neutral technology and switching center services and
products for telecommunications operations and facilities. Initially based out
of Miami, he then expanded this revolutionary integration of facilities to
centers in New York, N.J. and London with hundreds of carriers and users hosted
and serviced from around the world. Mr. Morris comes on board with a strong
Executive and Director history, a highly regarded reputation as a leading
designer and developer of innovative switching and telecommunications
technologies, and valuable affiliations worldwide.
Mr. David Boon brings over 30 years of technical, sales, marketing and
administrative management in the telecommunications and technology industries.
Mr. Boon currently holds positions as a Director or Executive of other companies
specializing in telecommunications product distribution, development and system
integration. Mr. Boon's experience in mergers and acquisitions and practical
application for an array of technologies and market strategies, make him a
logical choice. MediaG3 will benefit from his experience and extensive network
of contacts.
Mr. Ray Powers, has over 40 years of progressive technology & business
leadership experience. His career began with 30 years at AT&T and US West,
followed by a number of non-regulated companies through IPO entrepreneurial
environments. Mr. Powers served as the President and CEO of the original
International Communications Group Inc., (ICG), which provided
telecommunications, technology management and project management consulting. ICG
was a microwave back-haul wholesale carrier that owned or controlled nearly 650
towers and Points of Presence throughout the United States. Mr. Powers brings a
career packed with notable positions of authority and leadership in the
telecommunications industry, as well as relationships he has established over
the years that should prove very valuable to Media G3 in this next development
stage.
About MediaG3, Inc. MediaG3 Inc. develops, markets, and delivers wireless
broadband technology products and services for today's fixed and mobile Internet
consumers. MediaG3 owns 30 carrier grade microwave towers and offers Internet
access and Internet telephone via fixed and mobile wireless Internet throughout
the US, under the Imperial Wireless brand. MediaG3 will market and licence their
wireless broadband equipment and technology under the Wytec brand. Wytec and
Imperial Wireless are wholly owned subsidiaries of MediaG3. MediaG3's unique
technologies are protected by five US patents, one European patent and one
Chinese patent. MediaG3 received a US government grant and Chinese government
approval for the company's China Pilot project intended to serve 900 million
Chinese people in rural and interior regions. MediaG3 is based in Boise Idaho,
with an office in Shenzhen, China. For more information on the company,
www.mediag3.com.
Safe Harbor Act: This release may contain "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. "Forward-looking
statements" describe future expectations, plans, results, or strategies and are
generally preceded by words such as "may," "future," "plan" or "planned," "will"
or "should," "expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or results to
differ materially from those projected in the forward-looking statements.
For additional information, Please visit our website at
http://www.mediag3.com/news.html or contact Investor Relations: Daniel
Baldridge, President of Gibraltan Financial at 407.830.9777 or email
daniel.baldridge@gibraltan.com
Contact Investor Relations:
Daniel Baldridge
President of Gibraltan Financial
407.830.9777
daniel.baldridge@gibraltan.com
SOURCE: MediaG3, Inc.
CONTACT: mailto:daniel.baldridge@gibraltan.com
Copyright 2010 Marketwire, Inc., All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Networking
Computers and Software:Internet
Electronics and Semiconductors:Electronic Design Architecture
Retail:Consumer Electronics
Lifestyle and Leisure:Family
Lifestyle and Leisure:Recreation
Retail:Consumer Interest
Electronics and Semiconductors:Electronic Components
An RS would have been reported and listed. Just a mistake IMO.
Looks like these patents are first on their agenda, the first shareholder newsletter listed in order ...
1. patents
2. China/Philippines
3. towers.
Things will get interesting soon.
I think it would be a receivable in March but I don't know much about accounting.
If we could get $10M from 10 licensees what would we be worth?
It seems that licensing would have a large profit margin.
Licensing can be pricey :)
WiMax Co Beceem Loses Profitability Despite Strong 1Q Sales
By Christopher Zinsli, Of DOW JONES VENTUREWIRE
Beceem Communications Inc.'s first-quarter revenue soared as adoption of WiMax technology spread, but the company fell back into the red after its first profitable quarter in part because of a software licensing agreement, it said Friday in a regulatory filing.
The Santa Clara, Calif., company, which filed for an initial public offering in April, said revenue more than quadrupled in the first quarter of 2010 to $ 19.6 million from the year before, driven by a 700% increase in the number of wireless chipsets sold.
However, Beceem said it paid $9.5 million in March to license software and intellectual property from an unidentified third party, increasing its first- quarter loss to $12.1 million. Losses in the first quarter of 2009 were $5.9 million, but the company reached profitability in the fourth quarter on revenue of $20.9 million.
http://tinyurl.com/2adbsss
I don't think we are but we should get a technical guy/gal on the board if we can - unless it conflicts with our interests. We were part of the original Wimax working group when they were creating the first standard.
Companies that may hold relevant patents (issued or pending) include:
AMP Inc.
Cellularvision Technology & Telecommunications, L.P.*
CircuitPath Network Systems Corp.
Ensemble Communications, Inc.
Harris Corp.
Hughes Network Systems*
Netro Corp.
Nortel Networks
Philips Electronics
Raytheon Systems Company
SiCOM, Inc.
Stanford Telecom, Inc.
Texas Instruments*
WavTrace, Inc.
Wytec Inc.
*not participating in Study Group at time of PAR submission
http://www.ieee802.org/16/tg1/docs/802161-99_00.pdf
The main division I see is between Apple and everyone else. Generally speaking the industry has always been big on standards. 3g, 4g, etc are standards as are LTE and WIMAX. Without standards device manufacturers have no targeted technology for which they could manufacture.
Radio Shack To Get WiMAX?
Seeing is believing. That's why Radio Shack (or The Shack) is installing Clearwire WiMAX repeaters in several of its stores. These Shacks will turn into 4G hotspots, which will give customers an opportunity to try out the new technology for themselves.
Engadget reports that the Shack is installing these hotspots at some point prior to June 4 (aka, the Evo launch). This will give consumers a chance to test out 4G in the flesh in order to entice them into buying an Evo.
http://www.i4u.com/article34339.html
http://www.boygeniusreport.com/2010/05/22/the-shack-will-be-pumping-out-wimax/
Is Val messing with us?
http://www.bing.com/search?q=%22ready+set+google%22&form=OSDSRC
Atilla would make sense at least as a JV partner since they own a 'blackbox' security system which is what we are lacking.
http://www.attila-tech.com/static/techfeat_security.jpg
http://www.attila-tech.com/#techfeattitlesecurity
Thie LTE article give a good idea of what kind of speeds to expect from LTE...
______________________________________________________
Exclusive: The Details on AT&T’s Bridge to LTE
By Stacey Higginbotham May. 17, 2010
AT&T has what it hopes to be an ace in the hole while it transitions to the Long Term Evolution fourth-generation wireless network technology — faster 3G over its entire footprint by the end of the year. How fast? Up to 14 Mbps through an upgrade to the HSPA+ technology standard, according to John Stankey, president and CEO of AT&T Operations, who spoke with me this afternoon.
In the interview Stankey confirmed plans for the nation’s second-largest carrier to move from the current planned rollout of HSPA 7.2 (which offers maximum theoretical speeds of 7.2 Mbps down and real-world speeds of about 3.5 Mbps) to a version of HSPA+ that will offer real-world speeds closer to 7 Mbps down. He said that, for less than $10 million, AT&T can upgrade its 3G network to provide HSPA+ network access to 250 million people by the end of the year. AT&T still plans to begin its LTE roll out in 2011, but for less than $10 million it can provide a fallback network that’s more robust than the 3G network offered by its closest rival, Verizon. My hunch is that it can also afford to take more time completing its LTE rollout while still competing with its rivals, which are boosting speeds on their networks.
Verizon’s 3G network is based on a CDMA standard (EVDO Rev. A) that currently offers speeds of up to 3.1 Mbps (I generally get about 1.7 Mbps down on my modem). As Verizon upgrades to LTE (it plans to cover 100 million people by the end of this year and its entire footprint by the end of 2013) it’s going to offer its users two networks with widely varying speeds. In places with LTE, Verizon says speeds will range from 5 to 12 Mbps down, while in places it has 3G, users will see speeds drop significantly. This is one argument in favor of Verizon looking at deploying EVDO Rev. B in some places, which offers speeds of up to 14.7 Mbps down. Verizon denies this plan.
So, essentially AT&T wants to spend a fairly small chunk of change to make sure its customers have a network on which to fall back on without experiencing a steep drop in speeds. It also wants to buy itself some time to roll out an LTE network without looking like a laggard, speed-wise. Indeed, T-Mobile is deploying an HSPA+ network that’s delivering speeds of up to 8 Mbps in real-world tests.
AT&T also wants to make sure its customers have good devices and coverage while the vendor community gets the LTE ecosystem up to speed. Stankey has long been vocal about his belief that LTE won’t be ready for the mainstream until 2014, and said today, “The vendors are experiencing some challenges on certain features and software, and first implementations in 2011 will be…pretty vanilla.”
Among his worries are issues about roaming between 3G and 4G, and the handoffs between voice and data on 4G networks. He believes a wide variety of LTE handsets for the general consumer, as opposed to early adopters, won’t appear until 2014 — which is also the same time he expects voice to be delivered via VoIP on LTE. Until then, the handsets will be big, have bulky antennas and suffer from short battery life, he predicted. However, he also acknowledged that the HSPA+ handset ecosystem will take some time to develop and said the first products will likely be data cards — a forecast which effectively killed my hope of a fourth-generation iPhone that works with HSPA+ networks.
Even if the handset experience for LTE is lame through 2014, the market for data cards or service for devices like the iPad is a growing opportunity that AT&T can’t ignore. And that’s the main benefit to an upgrade to HSPA+ for Ma Bell: It gets double the speeds on its network for a low price, and it won’t fall behind as it competes with what would otherwise be faster speeds on Verizon’s LTE network, Sprint and Clearwire’s WiMAX network and T-Mobile’s HSPA+ network next year and beyond.
http://gigaom.com/2010/05/17/exclusive-the-details-on-atts-bridge-to-lte/
NEWS -
Letter to Stockholders of MMR Information Systems, Inc.
LOS ANGELES, CA, May 17, 2010 (MARKETWIRE via COMTEX) -- MMR Information
Systems, Inc. (OTCBB: MMRF)
Dear Stockholder:
Today we filed our quarterly statement for the three months ended March 31,
2010. I wanted to take this opportunity to discuss the filing and give you
insight into our plans to generate revenue as we evolve into MMRGlobal.
We are well on our way towards achieving a global footprint from which we will
sell our proprietary line of Personal Health Record and Professional Medical
Record products and services.
Following my recent travels to China and South Africa to meet with the Chartis
groups, I immediately flew to Washington, D.C., where MMR Advisor, former House
Majority Leader, the Hon. Richard A. "Dick" Gephardt, and MMR Director, the Hon.
Hector V. Barreto, were instrumental in arranging meetings with Senators,
Congress Members and government healthcare officials including Dr. David
Blumenthal, National Coordinator for Health Information Technology, as well as
investors and potential strategic partners to demonstrate our cost-saving and
unique technologies.
At the invitation of Mr. Barreto, who serves as Chairman of The Latino
Coalition, I also introduced onstage our strategic partner, Kodak, as the new
sponsor of the Coalition. Latino economic consumption is estimated to be nearing
a trillion dollars annually, and we expect to be able to sell our Personal
Health Record products directly into this market in conjunction with Kodak
through the Coalition.
I was particularly pleased to talk at some length with former House Speaker Newt
Gingrich, one of the nation's leading proponents of healthcare reform, and
update him on the progress of MMR since we last met approximately three years
ago.
Although we incurred a net loss of $6.5 million during the first quarter, $5.3
million of that loss represents non-cash expenses driven by $4.2 million from
the application of accounting principles to value derivative liabilities and
equity as well as an additional $1.0 million from stock options, warrants and
common stock issued for services.
Although we disclosed an accounts payable balance of $3.0 million, $2.5 million
of that balance is attributable to the reverse merger with Favrille and only
$389 thousand represents MMR trade payables. Accordingly, we maintain good
relationships with its vendors. In 2009, we were able to issue equity in lieu of
cash to reduce liabilities by $920 thousand which included $290 thousand towards
a reduction in accounts payable. We plan on using our increasing stock value to
further reduce liabilities and strengthen our balance sheet.
Our ability to issue equity for services has allowed us to accumulate $878
thousand in cash which we will use to support sales of MMRPro while continuing
to enhance product functionality and to exploit our biotech assets, patents and
other operating expenses.
In addition, since the end of the first quarter our filing discloses subsequent
events that have eliminated derivative liabilities in the amount of $3.7
million, or 36.1% which also will continue to improve our balance sheet
position.
We will continue to take advantage of our stock value to improve our balance
sheet and attract strategic partners and employees, consultants and management.
We also plan on using our equity for Merger and Acquisition opportunities,
including some currently under preliminary evaluation. All of these actions can
contribute to an increase in our value for the benefit of stockholders.
Although our financial condition remains largely static as compared to a year
ago, as a result of our efforts, we now are positioned to take advantage of
multiple income streams that did not exist then.
During the first quarter we began the process of selling and installing the
first group of 10 MMRPro systems in physician offices. The installation and
sales implementation process takes approximately 6 to 10 weeks. This encompasses
a checklist of more than 50 items which includes everything from where the
system hardware will be located, connected and installed, a detailed analysis of
office workflow, and customizing connectivity to any existing office practice
management system. These initial installations are being handled by us on a
direct basis. However, we receive substantial installation support from Kodak
and selected Kodak resellers.
Starting in the third quarter we will be calling on physician offices throughout
the United States through the nationwide Kodak reseller channel.
We also plan on building strategic relationships with hospitals to underwrite
the use of MMRPro for staff physicians. This could enable staff physicians to
digitize patient charts prior to admissions, streamlining the admissions process
for the patients to the hospital.
In addition to its product functionality, MMRPro includes a "Stimulus Program"
for healthcare professionals that creates a revenue opportunity for physicians
from patient upgrades. We believe that our Stimulus Program can generate at
least as much money for the average group practice over a three year term as the
$44,000 that is possible through the HITECH Act over a five year period.
We retained Global Research Services LLC, a full-service clinical trials
management organization, to assist us in our efforts to accelerate bringing to
market its anti-CD20 monoclonal antibodies. Anti-CD20 antibodies are useful in
treating B-Cell malignancies, including Non-Hodgkin's Lymphoma (NHL) and
additional B-Cell mediated conditions such as rheumatoid arthritis. Global
Research Services specializes in serving sponsors of Phase I-IV research. MMR's
anti-CD20 antibody asset is potentially a candidate for the next generation
Rituximab, marketed under the trade name Rituxan(R) in the United States by
Biogen Idec and Genentech (wholly owned member of the Roche Group) and under the
name MabThera(R) by Roche in the rest of the world except Japan, where it is
co-marketed by Chugai and Zenyaku Kogyo Co. Ltd. Rituxan/MabThera is one of the
world's most successful monoclonal antibodies with reported total sales in 2009
in excess of US$5.6 billion.
Beginning in June 2009, we filed various national phase filings from the Patent
Cooperation Treaty patent application directed to the anti-CD20 monoclonal
antibodies, including in the United States, Australia, Brazil, Canada, China,
Europe, India, Japan, South Korea and Mexico.
We also acquired certain intellectual property rights involving B and T cell
vaccine technology relating to the FavID vaccine in various stages in the United
States and foreign countries through its reverse merger with Favrille. We are
also in the process of filing certain patents regarding numerous aspects of the
FavID vaccine. We cannot guarantee the status or issuance of any patents and
patent applications. However, we are acting to pursue and maintain available
intellectual property protection relating to the FavID vaccine and intellectual
property portfolio in the United States and major foreign markets of interest.
We are also in the process of adding experienced venture capitalists to our
Medical Board of Advisers to assist us in generating revenue through licensing
agreements and milestone payments from our biotech assets and other intellectual
property, which we acquired from the reverse merger with Favrille. The assets
include, but are not limited to, data from our pre-merger clinical vaccine
trials, the Specifid vaccine, and the anti-CD20 antibodies. Given recent
developments with Dendreon and the similarities to our manufacturing process and
the drug Provenge, we will continue to explore any opportunities to resurrect
and or take advantage of any pre-merger assets.
As we previously disclosed, on March 22, 2010, we entered into a Master Services
Agreement with Chartis International LLC ("Chartis"). Chartis provides a wide
range of insurance solutions and is one of the world's leading property-casualty
and general insurance organizations, with operations in over 160 countries and
jurisdictions. We plan on providing MMR's secure online Personal Health Record
products to Chartis policyholders worldwide starting prior to the end of this
year. Initially, translations of our products are first expected to be available
in English, Spanish, French, German, Italian, Japanese and Chinese.
We are also in active negotiations with a major financial institution regarding
the development of paperless loan processing and delivery solutions whereby loan
documents can be delivered electronically through our MyESafeDepositBox product,
with resultant completed documents being filed in a permanent online
MyESafeDepositBox account.
At the first of the year, we entered into a Cooperation Agreement with
Unis-Tonghe Technology Co. ("Unis"). Under the Cooperation Agreement we and Unis
agreed to form a joint venture in China for the purpose of deploying our
personal health record services and document imaging and management solutions in
China for use in the Chinese Government's comprehensive electronic medical
records system. If and when the joint venture is approved by the Chinese
government, Unis will own 60% and MMR will own 40%. Meanwhile we have begun to
leverage our resources in China with other U.S. partners, including Kodak. As a
result, we anticipate selling MMRPro through Kodak resellers throughout the Asia
Pacific region in advance of a Unis MMR EMR product launch. We also believe that
China will provide one of the earlier Chartis revenue streams.
We were recently profiled in the May edition of PharmaVOICE magazine regarding
its products and the value to the Clinical Trials market and big Pharma. We
believe we can generate revenues by using our PHR to connect patients to
Clinical Trials through existing strategic partnerships and agreements. We will
also offer customized tools for the Clinical Trials marketplace and plan on
having them introduced starting at the Drug Information Association's Annual
Meeting in Washington, D.C. June 13 to 17, 2010.
I also want to inform you of the possibility we may enter into an agreement for
a standby line of credit, which will be available to us as we continue to
globally expand our proprietary suite of electronic health records products. I
will convey this to you immediately should we take this step, but we have made
no decision as of yet as to whether to enter into such agreement.
Many of you have expressed concern about how we will finance ourselves going
forward and the dilutive impact on our equity. Simply put, it takes money to
make money. Last July, our stockholders approved an increase of our authorized
Common Stock from 150 million shares to 650 million shares. Since that time, we
have issued less than 10% of the total outstanding in additional shares; yet,
our value has more than doubled. Accordingly, we are still considering all
options to finance growth.
We will need to continue to meet obligations necessary to finance our growth
internationally. As always, as new developments occur, I will disclose them in a
timely manner.
One of the best ways to understand the value of your company is by using its
products and services. Therefore, if you have not already done so, please take
some time over the upcoming Memorial Day holiday to reach out to your family and
friends and set up a MyMedicalRecords.com or MyESafeDepositBox.com account. You
will appreciate the safety and security of having all your important documents
and medical records securely stored online in the event of an emergency, and
you'll be proud to be an owner of MMR and our potentially lifesaving products.
Thank you for your continued support of MMR.
Sincerely,
Robert H. Lorsch Chairman, President & Chief Executive Officer
About MMR Information Systems, Inc.
MMR Information Systems, Inc., through its wholly-owned operating subsidiary,
MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal
Health Records ("PHRs") and electronic safe deposit box storage solutions,
serving consumers, healthcare professionals, employers, insurance companies,
unions and professional organizations and affinity groups. MyMedicalRecords
enables individuals and families to access their medical records and other
important documents, such as birth certificates, passports, insurance policies
and wills, anytime from anywhere using the Internet. The MyMedicalRecords
Personal Health Record is built on proprietary, patented technologies to allow
documents, images and voicemail messages to be transmitted and stored in the
system using a variety of methods, including fax, phone, or file upload without
relying on any specific electronic medical record platform to populate a user's
account. The Company's professional offering, MMRPro, is designed to give
physicians' offices an easy and cost-effective solution to digitizing
paper-based medical records and sharing them with patients in real time. MMR is
an Independent Software Vendor Partner with Kodak to deliver an integrated
turnkey EMR solution for healthcare professionals. MMR is also an integrated
service provider on Google Health. To learn more about MMR Information Systems,
Inc. and its products, visit www.mymedicalrecords.com and view the videos at
www.mymedicalrecordsonline.com/videos.
Forward-Looking Statements Any statements contained in this press release that
refer to future events or other non-historical matters are forward-looking
statements, and some can be identified by the use of words (and their
derivations) such as "need," "possibility," "offer," "development," "if,"
"negotiate," "when," "begun," "believe," "achieve," "will," "estimate,"
"expect," "maintain," "plan," and "continue." MMR Information Systems, Inc.
disclaims any intent or obligation to revise or update any forward-looking
statements. These forward-looking statements are based on MMR Information
Systems, Inc.'s reasonable expectations as of the date of this press release and
are subject to risks and uncertainties that could cause actual results to differ
materially from current expectations. The information discussed in this release
is subject to various risks and uncertainties related to changes in MMR
Information Systems, Inc.'s business prospects, results of operations or
financial condition, government regulation, and such other risks and
uncertainties as detailed from time to time in MMR Information Systems, Inc.'s
public filings with the U.S. Securities and Exchange Commission.
CONTACT:
Bobbie Volman
MMR Information Systems, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
SOURCE: MMR Information Systems, Inc.
CONTACT: mailto:bvolman@mmrmail.com
mailto:ms@publiccommunications.biz
NEWS - Quasar Aerospace Industries, Inc.: Quasar Aerospace Reschedules
Conference Call on May 19th
JACKSONVILLE, FL, May 17, 2010 (MARKETWIRE via COMTEX) -- Quasar Aerospace
Industries, Inc. (PINKSHEETS: QASP) announces that upon advice of its securities
counsel, it has rescheduled the conference call to discuss the status of its
efforts concerning certain acquisitions and the status of project financing.
Quasar has been diligently working with its acquisition candidates and lending
sources and will be updating investors about its efforts to date. The details of
the conference call are described below: Loan and Acquisition Status Conference
Call:
Wednesday, May 19, 2010 - 4p.m. EDT Toll Free Number: (1-800-868-1837)
Participant Code: 627211# Direct Dial Number: (1-404-920-6695) Participant Code:
627211#
This is a live, listen-only dial-in telephone line. The first 150 people that
call in can join in the call. The rest will be able to listen to the audio
recording the following day on our website. Please send in your questions to
IR@quasaraerspace.net and we will try to answer your inquiries on the call.
This press release contains "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended and such forward-looking statements
are made pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause future
circumstances, events, or results to differ materially from those projected in
the forward-looking statements as a result of various factors, and other risks.
You should consider these factors in evaluating the forward-looking statements
included herein, and not place undue reliance on such statements. The
forward-looking statements in this release are made as of the date hereof and
Quasar Aerospace Industries, Inc. undertakes no obligation to update such
statements.
Contact:
Quasar Aerospace Industries, Inc.
IR@quasaraerospace.net
SOURCE: Quasar Aerospace Industries, Inc.
CONTACT: mailto:IR@quasaraerospace.net
My mistake, I thought that tweet came from Ron but it was from TheWimaxKing.