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HIET 10Q-SB..................
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D03...
Arctec.
The Wright Brothers Never Imagined This ...
08:04 EST Tuesday, December 16, 2003
IRVINE, Calif., Dec. 16 /PRNewswire-FirstCall/ -- This week we celebrate the centennial of flight, as well as the lifestyle changes brought about by the Orville and Wilbur Wright's joyful discovery. But most Americans are unaware that, although the discovery happened in the United States, it was funded by another country: France.
The Wright Brothers' road to invention was full of bumps while they unsuccessfully applied for federal funding. When the Wright Brothers applied for the funding to the U.S. Department of Defense, which was then called the Department of War, they were turned down on the grounds that "heavier than air flying machines are not in our program." At that time, hot air balloons were considered the only feasible flying object for the military. So the Wright brothers then appealed to the French government and obtained the first funding from France for this great American invention rather than the United States.
HiEnergy Technologies, Inc., (OTC Bulletin Board: HIET) a company that is developing advanced technology for airport security, is traveling the same road as the Wright Brothers when it comes to government funding: it is getting great interest in the aviation security community of Europe and practically none in the USA. The US Army is supporting this technology for landmine detection and it has done so since 1997; and the U.S. Transportation Safety Administration has a cooperative development contract with HiEnergy in the drafting phase. Despite that financing from the U.S. government has been sparse, there is interest from the European security agencies in HiEnergy's products for aviation security.
"In our case, the parallel is that our developing technology is also likely to first be funded by another nation," remarked Dr. Bogdan Maglich, HiEnergy's Chairman, CEO and Chief Scientific Officer. "The first government Aviation Security Agency that came to our test site was from Spain, sending their two top aviation security experts this past September to our test site in California. Working with the United States has been a far more rocky process. First the Federal Aviation Agency (FAA) turned down our technology in 1999, and then this past October 2003 the new Transportation Security Administration (TSA) successfully tested our system and gave it high praise, but is still sitting on the sidelines."
The September visit from the Spanish delegation lasted for two days of blind tests, which resulted in an invitation to HiEnergy for their system to be tested at the Madrid Airport. Currently, HiEnergy's equipment is ready and awaiting permission from the Spanish Environmental Protection Agency, which is expected to be any day now.
In another analogy with the Wright brothers, HiEnergy's new portable bomb- finder model of its Stoichiometer(TM) will be first reviewed by a contingent from another country: Spain. Scheduled for January 2004, 3 police officers from Spain's Anti-Terrorist Bomb Squad will visit HiEnergy's test site in California and stay for two weeks of training, after which they will apply the knowledge to their own day-to-day operations.
The Wright Brothers could have never imagined when they first flew away from Kitty Hawk all of the necessities that their discovery would engender, such as the need for detecting explosives in cars going to and from airports, sealed cargo containers, suspicious articles, and checked bags.
"The fear of terrorism is real and there is a genuine threat of more violent acts," commented Dr. Bogdan Maglich. "To counter these acts, the world requires best-of-breed technology to help protect our airplanes. Just as the Wright Brothers blazed a trail into the world of flight, HiEnergy is pioneering a new dawn in airport security."
HiEnergy is developing Stoichiometric(TM) technology that uses directed fast neutrons to screen airport luggage and cargo to determine whether there are explosives or other dangerous compounds concealed inside. Its SuperSenzor(TM) quickly detects the chemical formula of a number of dangerous substances and can verify the presence of explosives in as little as three to five seconds.
World-renowned physicist Dr. Bogdan Maglich led the team that developed and refined the technology that irradiates concealed substances with fast neutrons, causing atoms to emit gamma rays that can identify the unique chemical signatures of these hidden dangers.
"Today's terrorists are highly educated and have Ph.D.'s," commented Dr. Maglich, "and with our government continuing to warn us of further attacks, our airports need the best security measures available to ensure the safety of passengers. HiEnergy's technology can provide a real solution to this problem."
Currently, certain foods, such as chocolate, cheese and peanut butter, can trigger a false positive alarm for explosives in the X-ray scanning machines presently used to scan luggage at all of our nation's 429 commercial airports. The X-ray machines cannot conclusively tell, for example, the difference between a block of cheese and powerful Semtex plastic explosive, since the density of both substances is similar. Semtex is the most powerful explosive in the world and has become the terrorists' explosive of choice because very little of this substance can have a devastating impact. Scottish investigators believe that a small amount of Semtex packed in a cassette recorder was responsible for the destruction of Pan Am Flight 103 over Lockerbie, Scotland in 1988, killing 270 people. Molded into innocuous shapes, this odorless, pliable explosive can pass undetected through the X-ray luggage-screening machines currently installed at airports. The only sure way to non-invasively detect Semtex is by using new technology that provides an accurate chemical signature of explosive material.
"The current systems are chemically blind and therefore prone to many false positives, which cause significant delays in airline schedules as suspicious carry on bags, checked luggage and cargo have to be hand searched in an effort to confirm the scan results," said Dr. Maglich. "The Transportation Security Administration (TSA) is working hard to improve security at our airports, but the TSA's effectiveness will be limited until new, more effective technologies for explosive detection are brought on line."
Arctec.
The Wright Brothers Never Imagined This ...
08:04 EST Tuesday, December 16, 2003
IRVINE, Calif., Dec. 16 /PRNewswire-FirstCall/ -- This week we celebrate the centennial of flight, as well as the lifestyle changes brought about by the Orville and Wilbur Wright's joyful discovery. But most Americans are unaware that, although the discovery happened in the United States, it was funded by another country: France.
The Wright Brothers' road to invention was full of bumps while they unsuccessfully applied for federal funding. When the Wright Brothers applied for the funding to the U.S. Department of Defense, which was then called the Department of War, they were turned down on the grounds that "heavier than air flying machines are not in our program." At that time, hot air balloons were considered the only feasible flying object for the military. So the Wright brothers then appealed to the French government and obtained the first funding from France for this great American invention rather than the United States.
HiEnergy Technologies, Inc., (OTC Bulletin Board: HIET) a company that is developing advanced technology for airport security, is traveling the same road as the Wright Brothers when it comes to government funding: it is getting great interest in the aviation security community of Europe and practically none in the USA. The US Army is supporting this technology for landmine detection and it has done so since 1997; and the U.S. Transportation Safety Administration has a cooperative development contract with HiEnergy in the drafting phase. Despite that financing from the U.S. government has been sparse, there is interest from the European security agencies in HiEnergy's products for aviation security.
"In our case, the parallel is that our developing technology is also likely to first be funded by another nation," remarked Dr. Bogdan Maglich, HiEnergy's Chairman, CEO and Chief Scientific Officer. "The first government Aviation Security Agency that came to our test site was from Spain, sending their two top aviation security experts this past September to our test site in California. Working with the United States has been a far more rocky process. First the Federal Aviation Agency (FAA) turned down our technology in 1999, and then this past October 2003 the new Transportation Security Administration (TSA) successfully tested our system and gave it high praise, but is still sitting on the sidelines."
The September visit from the Spanish delegation lasted for two days of blind tests, which resulted in an invitation to HiEnergy for their system to be tested at the Madrid Airport. Currently, HiEnergy's equipment is ready and awaiting permission from the Spanish Environmental Protection Agency, which is expected to be any day now.
In another analogy with the Wright brothers, HiEnergy's new portable bomb- finder model of its Stoichiometer(TM) will be first reviewed by a contingent from another country: Spain. Scheduled for January 2004, 3 police officers from Spain's Anti-Terrorist Bomb Squad will visit HiEnergy's test site in California and stay for two weeks of training, after which they will apply the knowledge to their own day-to-day operations.
The Wright Brothers could have never imagined when they first flew away from Kitty Hawk all of the necessities that their discovery would engender, such as the need for detecting explosives in cars going to and from airports, sealed cargo containers, suspicious articles, and checked bags.
"The fear of terrorism is real and there is a genuine threat of more violent acts," commented Dr. Bogdan Maglich. "To counter these acts, the world requires best-of-breed technology to help protect our airplanes. Just as the Wright Brothers blazed a trail into the world of flight, HiEnergy is pioneering a new dawn in airport security."
HiEnergy is developing Stoichiometric(TM) technology that uses directed fast neutrons to screen airport luggage and cargo to determine whether there are explosives or other dangerous compounds concealed inside. Its SuperSenzor(TM) quickly detects the chemical formula of a number of dangerous substances and can verify the presence of explosives in as little as three to five seconds.
World-renowned physicist Dr. Bogdan Maglich led the team that developed and refined the technology that irradiates concealed substances with fast neutrons, causing atoms to emit gamma rays that can identify the unique chemical signatures of these hidden dangers.
"Today's terrorists are highly educated and have Ph.D.'s," commented Dr. Maglich, "and with our government continuing to warn us of further attacks, our airports need the best security measures available to ensure the safety of passengers. HiEnergy's technology can provide a real solution to this problem."
Currently, certain foods, such as chocolate, cheese and peanut butter, can trigger a false positive alarm for explosives in the X-ray scanning machines presently used to scan luggage at all of our nation's 429 commercial airports. The X-ray machines cannot conclusively tell, for example, the difference between a block of cheese and powerful Semtex plastic explosive, since the density of both substances is similar. Semtex is the most powerful explosive in the world and has become the terrorists' explosive of choice because very little of this substance can have a devastating impact. Scottish investigators believe that a small amount of Semtex packed in a cassette recorder was responsible for the destruction of Pan Am Flight 103 over Lockerbie, Scotland in 1988, killing 270 people. Molded into innocuous shapes, this odorless, pliable explosive can pass undetected through the X-ray luggage-screening machines currently installed at airports. The only sure way to non-invasively detect Semtex is by using new technology that provides an accurate chemical signature of explosive material.
"The current systems are chemically blind and therefore prone to many false positives, which cause significant delays in airline schedules as suspicious carry on bags, checked luggage and cargo have to be hand searched in an effort to confirm the scan results," said Dr. Maglich. "The Transportation Security Administration (TSA) is working hard to improve security at our airports, but the TSA's effectiveness will be limited until new, more effective technologies for explosive detection are brought on line."
Arctec.
UGOMEDIA INTERACTIVE CP Quick Quote: UGMI 0.16 (+0.02)
Sciax Announces Issuance of Patent
12/15/03
BAY CITY, Mich. and TORONTO, Dec 15, 2003 (PRIMEZONE via COMTEX) --
Ugomedia Interactive Corp. (name change to Sciax Corporation pending) (OTCBB:UGMI) is pleased to announce that the US Patent and Trademark office has issued Patent Number 6,629,944 to Sciax Technology Inc. for an important new limb positioning device designed for orthopedic surgical applications.
The BASE1 device allows surgeons to more accurately position patient limbs during surgical procedures and is particularly valuable in shoulder operations, a growing segment of the orthopedic surgical market.
With the issuance of the patent, Sciax will assign the intellectual property rights of BASE1 to Linvatec, a Largo Florida based world leader in technology for a growing range of least-invasive and orthopedic surgical products. In December of 2001, Sciax received a $343,000 upfront payment from Linvatec related to BASE1, and expects to realize up to $3,000,000 in royalty payments during the five years following the product launch.
'We look forward to BASE1 contributing to our revenues through our agreement with Linvatec'Stated Ken Smart, President and founder of Sciax. 'Although we continue to focus on defense and industrial markets, we have not ruled out additional development work in the medical field given our growing expertise in imaging systems.'
Nitin Amersey, CEO and Chairman of Sciax, stated that 'Protection of our intellectual property is a priority for the company and patents are an important part of this. I expect to see a significant number of patents issued to Sciax during the next few years.'
About Sciax
Sciax is an emerging leader in defense imagining systems for law enforcement and personnel engaged in counter-terrorism and other special security operations . Sciax America Inc. &Sciax Technology Inc. are wholly owned subsidiaries of UGOMEDIA INTERACTIVE CORPORATION (A Nasdaq OTCBB/Ticker UGMI). A name change from UGOMEDIA INTERACTIVE CORP. to SCIAX CORP. is pending.
Sciax is the manufacturer of the SeCam, part of the Tactical Remote Viewing Systems, (TRVSTM) used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the US and German Government, contraband interdiction units of Canadian Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of operations and business of Sciax Technology and Ugomedia interactive which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the 'safe harbors'provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: Sciax Technology, Inc.
Sciax Technology Tel: (416) 778-6770 Fax: (416) 778-8775 info@sciax.com
Arctec
HIET Invited to Spain...................................
HiEnergy Invited to Demonstrate Technology in Spain
12/11/03
IRVINE, Calif., Dec 11, 2003 /PRNewswire-FirstCall via Comtex/ --
HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET) announced that on Wednesday a delegation of HiEnergy's management made an official visit to the General Directorate of Counter-Terrorism in Barcelona, Spain -- the city that seems to be the most affected by terrorism in Europe. (In the course of the year 2003 alone, in Barcelona there were 1,023 alarms, 10% of which involved real bombs and half of those actually exploded, HiEnergy understands.)
HiEnergy's delegation was shown the Directorate's equipment in operation, including robotics for catching and diffusing bombs.
This was followed by a presentation by Chairman, CEO and Chief Scientific Officer Dr. Bogdan C. Maglich of HIET's portable Stoichiometer for UXOs (unexploded ordinance), which detected explosives in the January field tests for the United States Navy with 100% accuracy. This device is simpler, lighter, and cheaper than the CarBomb Finder, which HiEnergy has put together for the Spanish Aviation Security Agency for an upcoming test in Madrid International Airport.
The Director and all Members of the Technical Squad stated that they have been offered no comparable system by anyone besides HiEnergy, and they would like to test HiEnergy's UXO detector in-field in Barcelona as soon as possible.
As a result of this meeting, it was determined that HiEnergy will bring the UXO detector to Spain at the same time that it will bring the CarBomb Finder for its demonstration to the Counter-Terrorism Police. Following this demonstration, a Spanish member of the Technical Squad will travel to Irvine, California to HiEnergy's test site for three weeks of training.
HiEnergy's delegation included Dr. Maglich and Julian Echeverria Eguizabal, HiEnergy's representative in Spain; Alec Miller, HiEnergy's business director; Justin R. Hone, Operations Manager. Mr. Miller is remaining in Spain after the delegation departs to continue the detailed arrangements in Barcelona.
ABOUT HIENERGY TECHNOLOGIES, INC.
HiEnergy is developing systems that have applications in several markets, including airport security screening, bio-weapons detection, landmine detection, contraband detection, and chemical and petrochemical industry applications. HiEnergy's technology has been developed through several years of research and under grants from the Department of Defense and the US Customs agency. The shares of the company are publicly traded under the symbol HIET.
RISK FACTORS
Sales of common stock may be dilutive to existing investors. No assurance is possible that the transaction under discussion will be completed. The potential transaction is a private offering and not registered under the Securities Act of 1933. Shares sold in that offering will be restricted.
Timing of the testing in Spain will depend on the time required to obtain permits from the Spanish government. The different tests may require separate or additional permits.
National, state and local governments regulate the operation of all radiation producing devices such as x-ray machines and our neutron generators. Although we believe that neutron radiation emitted from our systems would be safer than dental x-rays, compliance with the environmental and nuclear regulations may complicate product development and sales efforts.
The Beta models of our products have to be accepted commercially which may require further testing, modifications and improvements, which may be time consuming. Acceptable performance of serially produced machines that require cost effectiveness may require additional modification to our designs or components.
Although we are seeking a joint venture partner in both the United States and the European Union, we may encounter local rules and regulations that impede our ability to contract or perform.
Our interpretation of results from our test site as successful may not be accepted by our clients until the tests are repeated in the field and independently verified.
The expected financing to support our new initiatives has not been completely identified or committed.
Our plans may rely on leveraging the skills of strategic partners. We are in discussions with potential partners. However, presently no strategic partners are fully committed.
We have a large number of warrants and options outstanding which can dilute the holders of our Common Stock.
We have a large number of shares of Common Stock that will become available in the future for sale on the over-the-counter bulletin board when they are registered, sales of which may then affect the market prices of our Common Stock.
We have had past failures with the Department of the Navy in particular in respect to proposals for two contracts, and there is a risk that we may fail repeatedly to succeed for reasons such as our perceived lack of financial ability to perform, especially if we are unsuccessful in obtaining a large U.S. manufacturing partner and sufficient financing.
Many of our competitors also provide solutions for human screening, and we do not emphasize that market in our present plans. Our competitors are larger and have greater resources than us. Our competitors also have had greater success than we have had in obtaining governmental and other development stage financing.
FORWARD-LOOKING STATEMENTS
'Safe Harbor Statement'under the Private Securities Litigation Reform Act of 1995: Any statements set forth in the news release that are not entirely historical and factual in nature are forward-looking statements. For instance, all statements of belief and expectations are forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Please refer to the risks above and to additional risks set forth in each of our filings with the Securities and Exchange Commission of Forms 10-KSB, 10-QSB and 8-K.
For further information, please contact: investors, HiEnergy Technologies, Inc., +1-949-757-0855, hienergy@hienergyinc.com ; or media, Carrie Gray of HWH Public Relations, +1-212-355-5049, for HiEnergy Technologies, Inc.
SOURCE HiEnergy Technologies, Inc.
investors, HiEnergy Technologies, Inc., +1-949-757-0855, hienergy@hienergyinc.com ; or media, Carrie Gray of HWH Public Relations, +1-212-355-5049, for HiEnergy Technologies, Inc.
Arctec
HIENERGY TECH INC Quick Quote: HIET 0.90 (+0.08)
HiEnergy Opens Negotiations in Spain
12/9/03
IRVINE, Calif., Dec 09, 2003 /PRNewswire-FirstCall via Comtex/ --
HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET) is pleased to announce that a delegation of HiEnergy's management, including Chairman, CEO and Chief Scientific Officer Dr. Bogdan C. Maglich, has opened a first round of talks in Madrid for a potential $5 to $10 million investment in the company, in exchange for exclusive sales and marketing rights in Europe. The group of Spanish investors consists of two banks and several industrial companies.
The delegation of HiEnergy management is also currently conducting technical talks with the Directorate of Spanish Airports and Navigation, AENA (Aeropuertos Espanoles y Navegacion Aerea), a Spanish aviation security agency, as well as with the Agency of Nuclear Security of Spain, in preparation for the tests of its CarBomb Finder at the Madrid Barajas Airport.
AENA officials visited HiEnergy's test site in California this past September for a demonstration of the CarBomb Finder. As a result of this successful demonstration, AENA officials signed a Memorandum of Understanding to form a collaborative effort with HiEnergy Technologies, Inc. to use HiEnergy's Stoichiometer(TM) technology to improve the security of Spain's airports. The Memorandum of Understanding provided for the conduction of tests at Madrid Barajas Airport, prior to any decision in regards to purchasing the CarBomb Finder.
'Spain has been plagued by car bombs for the past two decades. We know that our technology can provide a unique solution to this problem,'said Dr. Bogdan C. Maglich. 'Our policy is to establish foreign partnerships for each of the 10 main economic areas of the world, as well as for each of the 8 different commercial applications of HiEnergy's Stoichiometer technology.'
HiEnergy's Stoichiometer, used in the CarBomb Finder, is a remote detector of bombs in trunks, seats and engines of parked or moving vehicles. The Stoichiometer is the only known device that can obtain the chemical formulas of substances through steel non-invasively and on-line. The False Alarm Eliminator is a version of the Stoichiometer that will be used in tandem with x-ray detectors to non-invasively confirm or deny whether or not a suspicious object sighted in passenger luggage by conventional scanning machines is, in fact, an explosive. This product offers a safe alternative to invasive hand- searches. Successful tests of the CarBomb Finder will prompt discussions for a similar testing strategy of this False Alarm Eliminator system.
ABOUT HIENERGY TECHNOLOGIES, INC.
HiEnergy is developing systems that have applications in several markets, including airport security screening, bio-weapons detection, landmine detection, contraband detection, and chemical and petrochemical industry applications. HiEnergy's technology has been developed through several years of research and under grants from the Department of Defense and the US Customs agency. The shares of the company are publicly traded under the symbol HIET.
RISK FACTORS
Sales of common stock may be dilutive to existing investors. No assurance is possible that the transaction under discussion will be completed. The potential transaction is a private offering and not registered under the Securities Act of 1933. Shares sold in that offering will be restricted.
Timing of the testing in Spain will depend on the time required to obtain permits from the Spanish government.
National, state and local governments regulate the operation of all radiation producing devices such as x-ray machines and our neutron generators.
Although we believe that neutron radiation emitted from our systems would be safer than dental x-rays, compliance with the environmental and nuclear regulations may complicate product development and sales efforts.
The Beta models of our products have to be accepted commercially which may require further testing, modifications and improvements, which may be time consuming. Acceptable performance of serially produced machines that require cost effectiveness may require additional modification to our designs or components.
Although we are seeking a joint venture partner in both the United States and the European Union, we may encounter local rules and regulations that impede our ability to contract or perform.
Our interpretation of results from our test site as successful may not be accepted by our clients until the tests are repeated in the field and independently verified.
The expected financing to support our new initiatives has not been completely identified or committed.
Our plans may rely on leveraging the skills of strategic partners. We are in discussions with potential partners. However, presently no strategic partners are fully committed.
We have a large number of warrants and options outstanding which can dilute the holders of our Common Stock.
We have a large number of shares of Common Stock that will become available in the future for sale on the over-the-counter bulletin board when they are registered, sales of which may then affect the market prices of our Common Stock.
We have had past failures with the Department of the Navy in particular in respect to proposals for two contracts, and there is a risk that we may fail repeatedly to succeed for reasons such as our perceived lack of financial ability to perform, especially if we are unsuccessful in obtaining a large U.S. manufacturing partner and sufficient financing.
Many of our competitors also provide solutions for human screening, and we do not emphasize that market in our present plans. Our competitors are larger and have greater resources than us. Our competitors also have had greater success than we have had in obtaining governmental and other development stage financing.
FORWARD-LOOKING STATEMENTS
'Safe Harbor Statement'under the Private Securities Litigation Reform Act of 1995: Any statements set forth in the news release that are not entirely historical and factual in nature are forward-looking statements. For instance, all statements of belief and expectations are forward-looking statements. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Please refer to the risks above and to additional risks set forth in each of our filings with the Securities and Exchange Commission of Forms 10-KSB, 10-QSB and 8-K.
For further information please contact: Investors, HiEnergy Technologies, Inc., +1-949-757-0855, hienergy@hienergyinc.com; or Media, Carrie Gray of HWH Public Relations, +1-212-355-5049, carrieg@hwhpr.com, for HiEnergy Technologies, Inc.
SOURCE HiEnergy Technologies, Inc.
Investors, HiEnergy Technologies, Inc., +1-949-757-0855, hienergy@hienergyinc.com; or Media, Carrie Gray of HWH Public Relations, +1-212-355-5049, carrieg@hwhpr.com, for HiEnergy Technologies, Inc.
Arctec
HiEnergy Invited to Demonstrate Technology in Spain
08:05 EST Thursday, December 11, 2003
IRVINE, Calif., Dec. 11 /PRNewswire-FirstCall/ -- HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET) announced that on Wednesday a delegation of HiEnergy's management made an official visit to the General Directorate of Counter-Terrorism in Barcelona, Spain -- the city that seems to be the most affected by terrorism in Europe. (In the course of the year 2003 alone, in Barcelona there were 1,023 alarms, 10% of which involved real bombs and half of those actually exploded, HiEnergy understands.)
HiEnergy's delegation was shown the Directorate's equipment in operation, including robotics for catching and diffusing bombs.
This was followed by a presentation by Chairman, CEO and Chief Scientific Officer Dr. Bogdan C. Maglich of HIET's portable Stoichiometer for UXOs (unexploded ordinance), which detected explosives in the January field tests for the United States Navy with 100% accuracy. This device is simpler, lighter, and cheaper than the CarBomb Finder, which HiEnergy has put together for the Spanish Aviation Security Agency for an upcoming test in Madrid International Airport.
The Director and all Members of the Technical Squad stated that they have been offered no comparable system by anyone besides HiEnergy, and they would like to test HiEnergy's UXO detector in-field in Barcelona as soon as possible.
As a result of this meeting, it was determined that HiEnergy will bring the UXO detector to Spain at the same time that it will bring the CarBomb Finder for its demonstration to the Counter-Terrorism Police. Following this demonstration, a Spanish member of the Technical Squad will travel to Irvine, California to HiEnergy's test site for three weeks of training.
HiEnergy's delegation included Dr. Maglich and Julian Echeverria Eguizabal, HiEnergy's representative in Spain; Alec Miller, HiEnergy's business director; Justin R. Hone, Operations Manager. Mr. Miller is remaining in Spain after the delegation departs to continue the detailed arrangements in Barcelona.
Arctec
They have to pay Perrin and King somehow. LOL.......
Arctec.
HiEnergy Opens Negotiations in Spain
12/9/03
IRVINE, Calif., Dec 09, 2003 /PRNewswire-FirstCall via Comtex/ --
HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET) is pleased to announce that a delegation of HiEnergy's management, including Chairman, CEO and Chief Scientific Officer Dr. Bogdan C. Maglich, has opened a first round of talks in Madrid for a potential $5 to $10 million investment in the company, in exchange for exclusive sales and marketing rights in Europe. The group of Spanish investors consists of two banks and several industrial companies.
The delegation of HiEnergy management is also currently conducting technical talks with the Directorate of Spanish Airports and Navigation, AENA (Aeropuertos Espanoles y Navegacion Aerea), a Spanish aviation security agency, as well as with the Agency of Nuclear Security of Spain, in preparation for the tests of its CarBomb Finder at the Madrid Barajas Airport.
AENA officials visited HiEnergy's test site in California this past September for a demonstration of the CarBomb Finder. As a result of this successful demonstration, AENA officials signed a Memorandum of Understanding to form a collaborative effort with HiEnergy Technologies, Inc. to use HiEnergy's Stoichiometer(TM) technology to improve the security of Spain's airports. The Memorandum of Understanding provided for the conduction of tests at Madrid Barajas Airport, prior to any decision in regards to purchasing the CarBomb Finder.
'Spain has been plagued by car bombs for the past two decades. We know that our technology can provide a unique solution to this problem,'said Dr. Bogdan C. Maglich. 'Our policy is to establish foreign partnerships for each of the 10 main economic areas of the world, as well as for each of the 8 different commercial applications of HiEnergy's Stoichiometer technology.'
HiEnergy's Stoichiometer, used in the CarBomb Finder, is a remote detector of bombs in trunks, seats and engines of parked or moving vehicles. The Stoichiometer is the only known device that can obtain the chemical formulas of substances through steel non-invasively and on-line. The False Alarm Eliminator is a version of the Stoichiometer that will be used in tandem with x-ray detectors to non-invasively confirm or deny whether or not a suspicious object sighted in passenger luggage by conventional scanning machines is, in fact, an explosive. This product offers a safe alternative to invasive hand- searches. Successful tests of the CarBomb Finder will prompt discussions for a similar testing strategy of this False Alarm Eliminator system.
Arctec.
PJTG Announces Expansion of Contract With Southwest Airlines
Wednesday December 3, 4:05 pm ET
Company's Expansion and Addition of Significant Contracts Validates Strategic Plan
HOUSTON--(BUSINESS WIRE)--Dec. 3, 2003--The Project Group Inc. (OTCBB:PJTG - News), the world's leading integrator of Microsoft® Project and provider of business initiative services to Fortune 1000 companies, announced today it has been engaged by Southwest Airlines to provide additional advisory services related to the implementation of Enterprise Project Management with Microsoft's Project 2003.
"We are pleased to report that our efforts to date have been recognized by Southwest - the fourth largest carrier in the nation -- leading to an expansion of our role in the deployment of their Enterprise Project Management processes and systems," stated Craig Crawford, president of PJTG.
This is the second phase of PJTG in the planned implementation of Enterprise Project Management for Southwest Airlines. PJTG continues to expand its presence in the Dallas/Fort Worth market as this enhanced contract with Southwest and Microsoft indicates.
Paul McBride, a Microsoft representative, said, "It is a pleasure to work with The Project Group. As a Microsoft Gold Partner, they have proven their ability to understand our clients' issues and addresses them efficiently."
This announcement marks the 10th addition to PJTG's client list over the past six months. Directly or through Microsoft's partnership programs, other organizations engaging The Project Group during this period include: Wal-Mart, Halliburton, Waste Management, Texas Industries Inc., Cooper Cameron, Tetra Technology, Affiliated Computer Services, Carter Burgess Inc., Devon Energy Corporation and Solvay S.A.
Arctec.
Axcess News: Microsoft sees gold in Project Group's partnership
12/2/03
Houston TX, Dec 02, 2003 (M2 PRESSWIRE via COMTEX) --
Project Group, Inc. (OTCBB: PJTG) has leaped onto the technology scene in a big way since going public in March and its share price seems to be leaping too after trading a record 1.8 million shares Monday following the information technology company's news released last week.
Project Group had announced Wednesday that the company expected revenue to soar by over 275% in 2004, climbing to $6 million dollars and double that again in 2005.
In support of its revenue guidance announcement, PJTG was hired by Microsoft (NASDAQ: MSFT) to implement the installation of its MS Office Project 2003 software for three companies; Cooper Cameron, Tetra Technology and Solvay S.A.
The Company has also implemented that program for WalMart Stores, Inc. (NYSE: WMT), oil giant Halliburton (NYSE: HAL), Waste Management (NYSE: WMI) and Texas Industries (NYSE: TXI).
Microsoft claims its MS Office Project software to be a billion dollar market globally. But will MSFT continue to feed this information technology company enough business to hit the numbers Project Group indicated in its revenue guidance announcement? Are there other agreements looming in the wings? To read the rest of this story, go to http://www.theaxcess.net
Arctec
Linchuck, Makes perfect sense to me. I used to buy and hold a long time but do not do that very often any more. Ties up too much money. I bought HIET this summet at just over sixty cents stayed with it till about 1.46. Bought back in at 1.15, .92 and .95. This one I'm going to hold a while now. Can't see this one going down.
Odyssey will no doubt go up.
Arctec.
HiEnergy Technologies Featured in MIT's Technology Review
December 01, 2003 08:33:00 AM ET
Prestigious Scientific Publication Highlights Interest of
Spanish Government in Commencing Tests Employing Company's Bomb Detection Technology in December
HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET), an emerging developer of bomb detection technology, announced today that it is featured in The Massachusetts Institute of Technology's Technology Review in the December/January edition.
The article, in the Prototype: Straight from the Lab Section of the magazine, highlights the company's bomb detection technology. The author notes that "the Spanish government has asked the company to develop the technology into a car-bomb detector for use in parking garages; tests of the detector are scheduled for early December, and those of a baggage-and-cargo-scanning system could follow in January."
The entire article is available on-line at http://www.technologyreview.com/articles/prototype51203.asp. There is a brief, free registration that is first required.
Since 1899, Technology Review has been MIT's magazine of innovation. Its mission is to promote the understanding of emerging technologies and their impact on business and society. Technology Review's audience exceeds 1 million affluent adults.
Arctec
Odyssey Marine is getting a lot of press. There was a write up on them in the Edmonton Sunday Sun. Way up here in Canada. I wonder how this will play out?
Arctec
HiEnergy Technologies, Inc. (OTCBB: HIET) $0.89
It was early in September, 2001 and few had ever heard of Invision Technologies, Inc. (NASDAQ: INVN). Shortly thereafter, the terrorist attacks changed everything, and shares in tiny Invision, which provides explosives detection systems used at airports for screening checked passenger baggage, surged from around $3 to as high as $47 in just three months. While Invision has garnered much of the attention in this area, HiEnergy Technologies has quietly been developing systems for airport security screening, bio-weapons, landmine and contraband detection.
Lately, however, others have begun to take notice of the Irvine, California based company’s technology. Recently, the Fox News Channel featured the company in a story on new cutting-edge technologies currently in development for airport security. The technology has also been featured on Cnnfn, MSNBC and other television stations. The scientific community has also taken notice, as HIET’s technology is featured in the prestigious Massachusetts Institute of Technology’s current edition of Enterprise Technology Review, which is its December/January edition. This exposure will come as no surprise to the Department of Defense and the US Customs agency, which have provided grants to help fund the company’s research for several years.
The opportunity for the company’s technology is sizable as demonstrated by the dramatic growth in Invision’s revenues, which have soared from $74 million in fiscal 2001 to what are expected to be $410 million by the end of this year. Despite the rapid adoption of its systems, up to 40% of checked luggage today falsely sets off airport bomb detectors, wasting time and money. Since the detectors look for suspicious objects rather than explosive chemicals, clever terrorists may still evade detection through savvy planning. HIET’s device sends a harmless amount of neutrons toward an object and then analyzes radiation induced by the particles to reveal the chemical makeup of the target. The company has developed this system by employing technology that had been used two decades earlier to control noise from neutrons hitting objects other than the ones being scanned.
HIET provides detection through three key products. SuperSenzor is its proprietary detection technology that makes possible remote, non-intrusive trans-metal deciphering of the chemical formulas of concealed biological agents, explosives, drugs and other substances by identifying their locations. Technology which is in common use today, such as X-rays or microwaves, can detect density but not chemical compositions. There are numerous applications for the technology, including, airport security screening, customs contraband detection and biological weapons detection. Recently, the US Customs Service demonstrated the chemical detection of cocaine buried in rice using the company’s technology. Also, the Department of Defense sponsored a test which demonstrated the feasibility of chemical "fingerprinting" of anthrax, whose non-invasive detection was previously considered impossible.
Its second device, the MiniSenzor, is a cheaper and lighter version of theSuperSenzor. It provides a high level of accuracy and speed, while allowing some weight reduction and cost savings due to its configuration. It can be used where barrier penetration and imaging requirements do not require use of the SuperSenzor, including such areas as testing crude oil, coal, and natural gas for impurities. Currently, it requires invasive sampling. The MicroSenzor is a hand-held and battery powered version of the SuperSenzor and can be carried in the field to test various unknown substances. The MicroSenzor will be able to remotely and non-intrusively decipher chemical formulas of concealed substances through steel and other barriers.
Often, emerging technology companies will need a catalyst to spark the interest of investors. There appears to be several here. The Spanish government has asked the company to develop the technology into a car-bomb detector for use in parking garages. Testing of the detectors, called the CarBombFinder, is scheduled for early 2004 at the Madrid Airport. This high-profile event should create interest among investors. In addition, the detector is expected to be tested on baggage and cargo-scanning systems in January.
The stock today trades well below its 52-week high, established in early January, of $3.13. Like many emerging companies, it has experienced challenges in raising capital. However, through a recent financing, the company appears to have the funding to satisfy its short-term requirements. Currently, HIET has a market capitalization of approximately $34 million, which was approximately the valuation of Invision before Wall Street discovered it. Today, Invision’s stock is worth around $500 million. While the risks for investors are significant, if the company’s promising technology is only half as successful as Invision’s, it could represent a bonanza opportunity.
Arctec.
Happy Thanksgiving to all you Americans from a proud Canadian.
Arctec.
Wasn't there a rumour about TD and Ameritrade merging?
Arctec
Do you understand what Enterprise Software is? I constantly hear the phrase, but no one ever clearly defined it for me.
Enterprise Software is designed to run entire businesses. In the corporate world, there are two basic types of software applications: personal productivity solutions which include word processors and spreadsheets, and enterprise class solutions, which automate business processes. Another words, enterprise software integrates all the individual software components of running a company into one massive, hopefully seamless system.
German company SAP developed the first Enterprise Resource Planning (ERP) applications. It was designed to bring together a company's disparate transactional data processes. For example, when a customer purchase order is entered in the sales department system, the warehouse is automatically alerted to prepare the order, the inventory updated and the account system is adjusted accordingly.
Jupiter Media Metrix estimates the North American market for enterprise software applications and related services sold to small and midsize businesses alone was about $1 billion in 2001. It is expected to grow to $3.4 billion by 2006.
Enter Mr. Softy
As enterprise software solutions began to grow, cash cow Microsoft (MR. Softy) was late to the party. Not wanting to be left behind, Microsoft used it's immense cash resources to gain market share rapidly. In April of 2001 Microsoft bought Great Plains Software, which provided Mr. Softy a huge footprint in the US market. In July of 2002 Microsoft bought Navision (with 34,000 client company installations), one of the leading enterprise software companies in Europe.
While enterprise software is only the fourth or fifth largest segment of Microsoft's business, it is the fastest growing. Enterprise software sales grew 84% in 2002 at Microsoft. Estimates have it at about $600 million in 2003, surging to $1 billion in 2004. Mr. Softy delivers about $34 billion in annual sales.
The growth rate is exciting, and therefore a good target for investable dollars looking for higher returns. As an investor, how do you take advantage of the extraordinary growth? - buy Microsoft and watch it go up 7% over the next year? Not with my high risk/ high return capital. You find smaller peripheral companies that will enjoy extraordinary growth rates by hitching on to Mr. Softy's speeding train. That's where exceptional returns will be found.
The Project Group- Sells and Integrates for Microsoft
Did you know that Microsoft does not provide integration services for its software packages? They tried to, and discovered they weren't good at it. They just write the software, package it up, and sell it. They use partner companies to integrate and implement the highly complex Enterprise Software solutions tailored to meet the needs of medium to large companies.
Enter the Project Group. Sporting the enviable Microsoft Gold Certified Partner status, the Project Group is rapidly growing into one of the world's leading integrators of Microsoft Project Software. Year to date at the end of September, sales at Project Group were up 40% year over year despite a weak third quarter. Management informs me the fourth quarter will be the best in the company's history, and the company will likely be cash flow positive. I anticipate their growth rate will accelerate rapidly in 2004.
Microsoft pays this company to handle the sales of their Enterprise software, and then the customer pays them to consult and manage the integration process.
Here's a list of their current customer base:
Microsoft
WalMart
Waste Management
Occidental Petroleum
Haliburton
Electronic Data Systems
Cooper Cameron
Tetra Technology
Solvay S.A.
Texas Industries
Dell Computer
Since June of this year, the company has landed multiple new assignments, and opened regional offices on the East Coast and in the Pacific Northwest.
Trading Alert on Project Group (OTC BB: PJTG)
The Project Group has experienced the normal growing pains associated with the demands of rapid growth. The balance sheet needs improvement, and the September quarter was lackluster due to new contract delays.
On a go forward basis the company looks very exciting. According to CEO Craig Crawford, the Project Group has booked enough business for the December quarter to generate more than double September quarter revenues, and approach the $1 million mark for the first time in corporate history.
Management at Project Group me informed they have a high level of confidence in their future business bookings. In early December they plan to make a public projection for revenues and earnings looking out to 2004 and 2005.
The company sports an $8.25 million market cap. The intangibles of the Microsoft Gold Certified Partner Status and the customer base alone are probably worth that much. Throw in the company's unknown status and accelerating growth, and you have the ingredients for a potential win of the magnitude we've had with VirTra Systems (OTC BB: VTSI).
The trading history is limited. The stock split 2:1 in October. The blue line is the 50 day moving average, a good short term indicator of market direction. As you can see, the stock made a nice move in October, and has since retreated. It should now turn back up off the 50 dma.
The company came out with a news release just after the market closed on Friday. The company announced it had been retained to handle the Microsoft Project 2003 integration for three new client companies: Cooper Cameron, Tetra Technology and Solvay S.A.
These guys have momentum, and it will continue as IT spending recovers.
Here are my thoughts:
Buy up to $.20
Short Term Price Target (December): $.25- Longer Term- wait for sales and earnings projections in December for a prediction.
Stop Loss: $.11 (end of October low), or whatever your risk tolerance.
Every time you see one of the new goofy Microsoft commercials for Project Management Software, think of The Project Group.
Here is the complete text of Friday's news release for your review:
Press Release Source: The Project Group Inc.
Microsoft Engages the Project Group to Lead Implementation
Friday November 21, 4:05 pm ET
Microsoft Project 2003 to be Implemented at Cooper Cameron, Tetra Technology and Solvay S.A.
HOUSTON--(BUSINESS WIRE)--Nov. 21, 2003--Microsoft Project 2003 is to be Implemented at Cooper Cameron, Tetra Technology and Solvay S.A. Microsoft has engaged the Project Group (OTCBB:PJTG - News) of Houston, to lead the implementation for these companies. The announcement was made by Craig Crawford, the Project Group's president and chief executive officer.
"We believe the Project Group has received significant and continual validation of its capabilities from some of the world's top corporations," stated Mr. Crawford. "Our expertise has been clearly proven and is now employed by Fortune 1000 clients which include such prestigious companies as Wal-Mart, Microsoft Corporation, and Halliburton." Mr. Crawford went on to say, "Microsoft has identified MS Project as a billion dollar market and has continued to identify The Project Group as a major integrator of this complex software. We are enormously pleased to be part of such an illustrious and expanding collection of world class companies."
About The Project Group
The Project Group Inc., a Microsoft Gold Certified Partner, provides project management advisory services, implementation services, configuration, custom programming and other related products and services using its proprietary methods in accomplishing assignments. The Project Group has provided its expertise to the Fortune 1000 including Waste Management (WMI), Microsoft (MSFT) and Texas Industries Inc. (TXI). PJTG, headquartered in Houston, was founded in 2001 by senior project managers with broad Fortune 1000 project experience. PJTG focuses on providing enterprise based project management solutions and improving project schedule and budget performance for its customers throughout the United States and world.
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. Investors are cautioned that these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new opportunities, and the unpredictable nature of business risks; as well as other factors set forth in the Company's most recently filed Form 10 reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.
--------------------------------------------------------------------------------
Contact:
Trilogy Capital Partners Inc.
Racquel Rivera, 800-330-6540
Arctec
Linchuck, I agree these boards are great. But like you say Raging Bull, Well you can't post anything on there. I've never posted on there and I don't think that I ever will. Ya over there if someone looses money they just start bashing and they never let up. Or they start pumping and making outrageous claims trying to get the price up. There are a few good boards on the web, And in my own opinion I think that RB days are numbered. Maybe not soon but i think that it will go, either that or they will have to get moderators. The internet is the best thing that has happened to the human race. And as far as investing goes if you think it is a scam and try to make a few bucks and loose, thats life. I have followed SMD posts on CMKM for ayear and he is a good poster. To tell you the truth I lost about a grand on CMKM but like I said you have to take your lumps. There are a few companys that put out PR after PR and nothing ever happens. I don't believe in TKRN for one. Who would pay $1.50 for a share when you can buy them on the open market for just over 10 cents? And their compression software. Where can you buy it? I can't find anywhere, but yet they have already set a price for it. Another one MSGL, They have DR. Perrin on the board. He was on the board at CMKM. Does this guy just go to who ever pays him to use his name? Well enough rambling on. All of the above stated in this poast are all of my own opinions.
Arctec
Yeah, That is quite the place. That Raging Bull.
Arctec.
Here is the link to NAA website.
http://www.northamericanair.com/
Scrooge McDuck, it came out friday afternoon, Some say it was out at 2 PM some say it was out after the bell. It is posted on the front page of NAA website. Lot of bickering going on on whether it is true or not.Some say that Naa confirmed it over the phone, others deny it, Who do you believe? Have to wait and see on monday. I'll post the link.
Arctec.
There are rumours floating around that the NAA website was hacked into and that the news is false. What do you think about that?
Arctec
I would say down. Might lead to another good buying opportunity. USXP is going to loose a half million on the deal.
Arctec.
USXP Didn't get the airline.
North American Airlines operates world wide charters with
the youngest fleet of BOEING 767-300ER's and B757-200's in the industry.
An Airline With The Reputation As The Best Of The Best!
NEWS RELEASE
November 21st, 2003
The proposed sale of JFK based North American Airlines’ by Dan McKinnon to Universal Express will not take place.
The early October McKinnon granted Universal Express an option to purchase 100% interest in North American.
There were certain performance thresholds as part of the agreement. Therefore the deal is dead.
North American Airlines is 14-years-old Part 121 Flag airline operating worldwide charters with a mixed fleet of B757s and B767s.
Arctec
Did you notice that MSGL has Princton research and Mike King doing their PR. And that Dr Perrin is on the board. And that the price is in a downward spiral same as, You guessed it CMKM.
Arctec