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FATS news...
====================
(BSNS WIRE) FATS Announces $14 Million Contract; Award Upgrades Simulated Wea
ons
FATS Announces $14 Million Contract; Award Upgrades Simulated Weapons
Business Editors
ATLANTA--(BUSINESS WIRE)--FATS--
FATS, Inc. (OTC: FATS) announces a subcontract of $14
million for weapon simulators to the U.S. Army. The order is for 2,700
weapons engineered by FATS, and will support an ongoing training
program.
FATS simulated weapons replicate form, fit and function of live
weapons, including recoil. The weapons also allow accurate, real-time
diagnostics including point-of-aim, weapon status, trigger pressure
and cant.
FATS, Inc. CEO Ron Mohling said, "We are proud of our ability to
meet the training needs of soldiers, especially at a time when
readiness is paramount."
FATS, Inc. (OTC: FATS) designs and sells virtual training systems
that improve the skills of the world's military, law enforcement and
security forces. FATS training provides judgmental, tactical and
combined arms experiences, utilizing quality engineered weapons and
simulators. The company serves U.S. and international customers from
headquarters in Suwanee, Georgia, with branch offices in Australia,
Canada, Singapore, Netherlands and United Kingdom. FATS, an ISO
9001:2000 certified company, celebrates its 20th anniversary in 2004.
The company Web site is www.fatsinc.com.
KEYWORD: GEORGIA
INDUSTRY KEYWORD: GOVERNMENT HARDWARE GOVERNMENT AEROSPACE/DEFENSE MARKETING AGR
EMENTS
SOURCE: FATS, Inc.
CONTACT INFORMATION:
FATS, Inc., Suwanee
Freebairn & Co.
Media Contact:
Brooke Wilson, 800-715-9435
bwilson@freebairn.com
or
IR Contact:
John Morelli, 800-813-9046
www.fatsinc.com
*** end of story ***
Thanks a lot, re WLSF. Only "new" news I've seen in past two days are just fluff-pieces, figure it's profit-taking as you said and will be on the lookout for possible new buying opps...
Any thoughts on WLSF action today (down 20%)?...
USHG news, running...
==========================
U.S. Home & Garden Announces $9 Million U.S. Government Contract for its Ionatron Subsidiary
Wednesday April 21, 8:30 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--April 21, 2004--Ionatron Inc., a wholly-owned subsidiary of U.S. Home & Garden Inc. (OTCBB:USHG - News), today announced the receipt of a U.S. Government Contract to build and deliver an Ionatron transportable demonstrator unit that will be utilized to conduct field trials of the company's next-generation controlled energy technology. The initial contract award is for $9,000,000 and, it is expected that, the unit will be delivered in less than 10 months. It is anticipated that orders for additional units will be received as progress is made on this existing program.
The Company is seeking shareholder approval to change its name to Ionatron, Inc. at a Special Meeting of Stockholders on April 29, 2004.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any futures results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks of uncertainty of patent protection; the risks of uncertainty of strategic alliances; the risk and uncertainty of management tenure; the impact of third-party suppliers' manufacturing constraints or difficulties; management's ability to achieve business performance objectives, market acceptance of, and demand for, the Company's products, and resulting revenues; development of technology and manufacturing capabilities; impact of competitive products and pricing; litigation and other risks detailed in the company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "demonstrate," "intend," "expect," "estimate," "anticipate," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Ionatron undertakes no obligation to update any forward-looking statements contained in this news release.
--------------------------------------------------------------------------------
Contact:
Investor Relations
Cameron Associates
Kevin McGrath, 212-245-4577
USHG news, running...
==========================
U.S. Home & Garden Announces $9 Million U.S. Government Contract for its Ionatron Subsidiary
Wednesday April 21, 8:30 am ET
TUCSON, Ariz.--(BUSINESS WIRE)--April 21, 2004--Ionatron Inc., a wholly-owned subsidiary of U.S. Home & Garden Inc. (OTCBB:USHG - News), today announced the receipt of a U.S. Government Contract to build and deliver an Ionatron transportable demonstrator unit that will be utilized to conduct field trials of the company's next-generation controlled energy technology. The initial contract award is for $9,000,000 and, it is expected that, the unit will be delivered in less than 10 months. It is anticipated that orders for additional units will be received as progress is made on this existing program.
The Company is seeking shareholder approval to change its name to Ionatron, Inc. at a Special Meeting of Stockholders on April 29, 2004.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:
Certain statements contained in this News Release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any futures results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the risks of uncertainty of patent protection; the risks of uncertainty of strategic alliances; the risk and uncertainty of management tenure; the impact of third-party suppliers' manufacturing constraints or difficulties; management's ability to achieve business performance objectives, market acceptance of, and demand for, the Company's products, and resulting revenues; development of technology and manufacturing capabilities; impact of competitive products and pricing; litigation and other risks detailed in the company's filings with the Securities and Exchange Commission. The words "looking forward," "believe," "demonstrate," "intend," "expect," "estimate," "anticipate," "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. Ionatron undertakes no obligation to update any forward-looking statements contained in this news release.
--------------------------------------------------------------------------------
Contact:
Investor Relations
Cameron Associates
Kevin McGrath, 212-245-4577
Re CXII: Only thing is, I'm not sure how those results are going to be interpreted and received by the market...
Oh, and unfortunately I'm only able to watch one very-small corner of the globe at a time...
Glad to be of at least SOME use, occasionally...
Re CXII -- financial results:
I can't usually post during the day, but FYI there's been a new PR that apparently still hasn't made it onto some wires yet. FWIW...
============================
Press Release Source: Commodore Applied Technologies, Inc.
Commodore Applied Technologies, Inc. Reports Year End 2003 Results
Thursday April 15, 1:39 pm ET
Company Enters Into Preferred Relationship With FFTF Restoration, LLC
NEW YORK, NY--(MARKET WIRE)--Apr 15, 2004 -- Commodore Applied Technologies, Inc. (OTC BB:CXII.OB - News), today announced financial results for the fiscal year ended December 31, 2003.
Commodore Applied Technologies, Inc. and Subsidiaries
Condensed, Consolidated Statements of Operations
Fiscal Year Ended December 31,
(Audited - dollars in thousands, except per share data)
2003 2002
---- ----
Revenues* $ 660 $ 3,710
Income (Loss) from Continuing Operations* $(2,957) $ (905)
Loss from Discontinued Operations 0 $ (933)
Loss on Disposal of Discontinued Operations 0 $(4,134)
Net Loss $(2,957) $(5,972)
Net Loss Per Share - Basic and Diluted
from Continuing Operations $ (0.04) $ (0.02)
Net Loss Per Share - Basic and Diluted
from Discontinued Operations 0 $ (0.02)
Net Loss Per Share - Basic and Diluted
from Disposal of Discontinued Operations 0 $ (0.07)
Net Loss Per Share - Basic and Diluted $ (0.04) $ (0.11)
Weighted Average Number of Shares
Outstanding 92,035 57,775
* These amounts are only from continuing operations and do not reflect
the revenues of Dispute Resolution Management, Inc. (DRM), which was
disposed of effective May 16, 2002.
ADVERTISEMENT
Chairman and CEO Shelby Brewer stated that the Company has entered into a "preferred subcontractor" relationship with FFTF Restoration, LLC (FRC), one of several bidders to the Department of Energy's request for proposals to assist it in closing the Fast Flux Test Facility at the Hanford site. As one of the FRC subcontractors, Commodore is offering its SET process for sodium removal and conversion. The FRC bid has been submitted, oral presentations have been made, and the DOE is expected to award the contract in mid-summer 2004.
Brewer continued, "We have also bid as the small business partner with SAIC and others for a significant water and wild-life sampling and data management project in Oak Ridge, TN. Our proposal, I believe, is superb in that it removes many of the data management and integration issues from the client (Bechtel Jacobs) minds."
Commodore Applied Technologies, Inc. is a diverse technical solutions company focused on high-end environmental markets. The Commodore family of companies includes subsidiaries Commodore Solution Technologies and Commodore Advanced Sciences. The Commodore companies provide technical engineering services and patented remediation technologies designed to treat hazardous waste from nuclear and chemical sources. More information is available on the Commodore web site at www.commodore.com.
This Press Release contains forward-looking statements that are based on our current expectations, beliefs and assumptions about the industry and markets in which Commodore Applied Technologies, Inc. and its subsidiaries operate. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Commodore's actual results to be materially different from any future results expressed or implied by these statements. Actual results may differ materially from what is expressed in these statements, and no assurance can be given that Commodore can successfully implement its core business strategy and improve future earnings.
The factors that may cause Commodore's actual results to differ from its forward-looking statements include: Commodore's current critical need for additional cash to sustain existing operations and meet ongoing existing obligations and capital requirements; Commodore's ability to implement its commercial waste processing operations, including obtaining commercial waste processing contracts and processing waste under such contracts in a timely and cost-effective manner; the timing and award of contracts by the U.S. Department of Energy for the clean-up of waste sites administered by it; the acceptance and implementation of Commodore's waste treatment technologies in the government and commercial sectors; and other large technical support services projects. All forward-looking statements are also expressly qualified in their entirety by the cautionary statements included in Commodore's SEC filings, including its quarterly reports on Form 10-Q and its annual report on Form 10-K.
FYI, just got the following message from MyTrack...
"We had a SQL Slammer Worm that affected out network overnight."
So at least now they're offering an explanation...
Update: MyTrack just now came back up... eom
Re MyTrack" Yes, it's down -- and apparently has been for nearly the past 12 hours (at least, a search shows the first post about the problem being made on IHub about 9:30 last night, Eastern time). They say they're still working on it. A really, REALLY bad screwup...
globe
Re ALMI: This is total, absolute speculation/curiosity -- but in looking through past PR's, I notice this section (copied below) in the "letter to shareholders" that ALMI sent/e-mailed to shareholders last month, and included in the 8-K filed on October 27th. Just wondering if there's any possibility that CHMN itself might become a merger-partner, or even buy-out the company if it could? Again, just idle thoughts...
=======================================
"One other goal we have been pursuing has been that of finding a merger partner which will bring assets and positive cash flow into the company.
We have met with a number of candidates, and are continuing to do so.
The reasoning behind this effort is to bring more value to the company and the shareholders.
By adding value and positive cash flow to the company the results would be greatly beneficial to us.
We hope to be able to make an announcement to you during the next few months regarding this."
Re ALMI: This is total, absolute speculation/curiosity -- but in looking through past PR's, I notice this section (copied below) in the "letter to shareholders" that ALMI sent/e-mailed to shareholders last month, and included in the 8-K filed on October 27th. Just wondering if there's any possibility that CHMN itself might become a merger-partner, or even buy-out the company if it could? Again, just idle thoughts...
=======================================
"One other goal we have been pursuing has been that of finding a merger partner which will bring assets and positive cash flow into the company.
We have met with a number of candidates, and are continuing to do so.
The reasoning behind this effort is to bring more value to the company and the shareholders.
By adding value and positive cash flow to the company the results would be greatly beneficial to us.
We hope to be able to make an announcement to you during the next few months regarding this."
Re ALMI/CHMN story -- whether justified or not, ALMI is dropping on the news right now. So could either be a good buying opp, or a sign of trouble. Still unclear to me, right now...
globe
I think you're right, that ALMI still retains the lease and all the benefits that come with it. But I wish there were more details provided. Figured I'd better post the story first, & take time to analyze it afterward...
globe
Attention ALMI holders, & others -- news on acquisition of their mine. Note that CHMN already gapped-big yesterday, still very little trading so far. This news moved at 11:00am EST...
======================================
(COMTEX) B: Chester Mining Acquires the Dragon Halloysite Clay Mine
COEUR D'ALENE, Idaho, Nov 18, 2003 (BUSINESS WIRE) -- Chester Mining Company
(OTC:CHMN) is pleased to announce that it has acquired the Dragon Halloysite
Clay Mine. The Dragon Mine is currently under lease to Atlas Mining Company
(OTCBB:ALMI), subject to a three percent gross royalty and an annual payment of
100,000 shares of Atlas stock.
The Dragon Mine is located in Juab County, Utah and is the only known commercial
source of halloysite clay outside of New Zealand. Mine operations closed in the
1970s and geological records indicate that over 300,000 tons of high-grade
halloysite reserves remain on the property.
Halloysite is a special clay traditionally used to make fine china and
porcelains, but also with significant industrial applications such as filtering
systems and high-tech ceramics. The purity and quality of halloysite from the
Dragon is unmatched anywhere in the world and has spawned considerable research
into new product applications. Industry experts from The Phlogiston Company, a
Georgia-based consulting firm, concluded that, "The grain size and lack of
significant impurity make Dragon Mine halloysite superior to products currently
on the market." They added that new applications for the Dragon halloysite could
ultimately more than double the current market price of about $500 per ton for
currently available, lower grade products.
Halloysite is considered unique partly due its microtubular structure. These
microtubules, cylindrical in shape with a hollow core, can be used as
time-release mechanisms. The U.S. Naval Research Laboratory is at the forefront
of microtubular research, having patented a process that allows the sustained
release of anti-barnacle agents from paints applied to the hulls of ships.
Additional studies have demonstrated that variations of their process have many
other commercially-viable uses, ranging from agricultural chemicals to household
products. Although microtubules can be produced synthetically, researchers
believe that natural halloysite may be preferred as it is environmentally
friendly, nontoxic and biodegradable.
Chester Mining Company is a unique mineral exploration company with a strategy
of acquiring properties in proven mining districts and leasing them out to
generate an income stream while retaining speculative leverage to exploration
success through royalty interests. Chester has approximately 2.3 million shares
outstanding, positive working capital and no debt. Chester stock trades on the
OTC Market under the symbol "CHMN".
Certain statements contained in this press release are "forward looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such statements are based on beliefs of management as well as
assumptions made by and information currently available to management.
Forward-looking statements are subject to risks, uncertainties and other factors
that could cause actual results to differ materially from expected results.
SOURCE: Chester Mining Company
CONTACT: Chester Mining Company
Bill Hoyt, 785-383-9246
www.chestermining.com
Re MyTrack: It's my primary service, too, and generally very good with nifty features. But note that it, too, is giving lots of bad data today (mostly regarding volume).
Comparing its quotes to other services today (incl. Bloomberg & Yahoo), many of its numbers have been right but many are also far off the mark (volumes are wrong for all kinds of things ranging from AAC to MSFT, plus many OTCC stocks -- although the prices seem more current, for some reason).
They promise they're working on the problem. But if you're relying on MyTrack's numbers today, should double-check elsewhere to avoid acting on bad info...
globe
IPVO down big, on filing of good Q3 report. Good buying opp?
Re data-feed problems: Plain old Yahoo seems to be giving correct quotes (matches Bloomberg, pretty much).
Their "realtime package" costs $10/month, includes a streamer you can set up. Might be worth it even for one day, if other services not working (I've got it strictly as a backup, which apparently may come in handy today if I ever actually get time to follow anything and do some trading).
globe
spockster: re QTFV, glad to have the chance to contribute something potentially good here...
Today was far-and-away the highest volume ever in that stock, and came at the low-point of a long price-slide. So will be interesting to see if this marks a real turnaround...
globe
To clarify, re my QTFV post:
I meant there was no time for me to personally do any DD before posting the news for others to see, before the close. I'm still working a "day job" that rarely allows me a chance to even log in these days, let-alone offer any potentially useful heads-ups -- so when I happen across something that might be of interest it seems better to post it, than not, so others can evaluate the news in a timely fashion.
Obviously, it's up to each person to do their own necessary DD before actually throwing money into ANYTHING...
globe
QTFV -- no time for any DD on this, but interesting late news and high volume. Just FYI...
======================================
QT 5 Receives Exclusive Rights to Full Line of Medical Testing Devices
WESTLAKE VILLAGE, Calif., Nov 11, 2003 /PRNewswire-FirstCall via COMTEX/ -- QT 5, Inc. (OTC Bulletin Board: QTFV), manufacturer and marketers of NICOWater(TM), the breakthrough Homeopathic Nicotinum (nicotine) product designed to relieve the symptoms of tobacco cravings, today announced it has finalized the exclusive worldwide rights to market an innovative line of rapid-result blood and urine test products. The diagnostic platform has been specifically designed for point-of-care and ambulatory use, as well as providing an ideal development platform for the emerging Homeland Defense market.
The patented test platform incorporates a unique combination of a solid phase membrane and combinations of immunologically based reagents in a single-use disposable test device. The platform has the capacity for providing rapid, point-of-care testing for a wide variety of medical conditions. This diagnostic platform is highly flexible, being capable of testing for a wide variety of important infectious diseases, drugs and their metabolites. Depending upon the application, this platform technology may provide either quantitative or qualitative test results in minutes with a high degree of accuracy.
Diagnostic Products
The current product line includes a number of qualitative and quantitative blood tests that have already received FDA approval. These include qualitative tests that detect within minutes the presence of rubella, herpes virus, rotavirus, strep group A, infectious mononucleosis and early pregnancy.
HIV1 & HIV2 Tests
QT 5, Inc. also announced that it has acquired a 10-minute HIV1 and HIV2 test that is currently in the final stages of FDA Phase 3 testing for ease-of- use. This test procedure represents a significant improvement over currently available diagnostic products that can only detect HIV 1 and take a full 20-minutes before the results are available.
Quantitative Assay Analyzer
QT 5, Inc. will include in its initial product offering, a low-cost small footprint, desktop analyzer designed for use with the rapid test cartridges. The FDA approved analyzer is currently capable of rapidly detecting quantitative data for myoglobin, CK-MB, cardiac troponin-1, as well as the presence and volume of cocaine. A hand held mobile version of the multiple assay analyzer that will be compatible with a wide variety of new tests is also being developed for use by paramedics, assisted living facilities and the military. The mobile assay analyzer will provide a low cost field upgradeable system available for use at point of suspected infection anywhere in the world.
Drug Tests
The Company will also include a low-cost rapid result drug test in the initial product line introduction. The test utilizes a rapid immunochromatography assay to detect the presence of drug metabolites in urine. The test is completely self-contained and the results are visibly displayed on the test cup.
According to QT 5, Inc. CEO Timothy Owens, "This is a very exciting new product line that will allow us to continue to grow our business in many of the markets we have been targeting since our very founding. In addition to the exclusive rights for these patented products, we have also secured the right to market these products under the manufacturer's existing US Dept. of Defense and US Dept. of Justice numbers. This will allow us to immediately pursue Federal contracts representing one of the largest potential current and future user bases for these products."
About QT 5, Inc.
QT 5, Inc. is a Delaware corporation formed in April 1999 as a manufacturer, distributor and marketer of biomedical testing and Homeopathic products. QT 5, Inc. currently manufactures and markets NICOWater, its breakthrough Homeopathic Nicotinum (nicotine) product designed to relieve the symptoms of tobacco cravings. QT 5, Inc. continues to do research and development regarding future products for lifestyle enhancements. QT 5, Inc. is headquartered in Westlake Village, California. For more information on the Company please visit:
www.qt5inc.com. NICOWater(TM) is a Homeopathic Drug product that is sold under the FDA's Compliance Policy Guide Conditions Under Which Homeopathic Drugs May Be Marketed.
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or prove incorrect, could cause the results of QT 5, Inc. to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of unexpected events.
/Web site: http://www.QT5inc.com /
(QTFV)
**Important update** to my previous MKLD post -- have also just found the following past info, re major reverse-split due to take effect this weekend, which should be taken into consideration...
==================================
(COMTEX) B: PRE 14C: MKLD Majority Consents to 1/60 Reverse Split
Ridgeland, MS, SEP 16, 2003 (EventX/Knobias.com via COMTEX) -- Markland
Technologies Inc (OTCBB: MKLD) in a PRE 14C filed today, reported that a
1-for-60 reverse stock split has been authorized by the prior written consent of
its shareholders, in lieu of a special meeting of shareholders.
The action authorized shall be effective on or about October 26, 2003
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2003 Knobias.com, LLC, All rights reserved.
Interesting possible homeland-security play -- had huge volume spike on Tuesday (but no price-breakout) after acquisition news, then volume settled-back yesterday. Previous recent PR's also worth reading, if you have time to check them out..
===================================
(COMTEX) B: Markland Technologies Leverages Open $40 Million US Navy Contract for Chemical Detector Product Subsidiary To Increase Sales in Homeland Security Sector Recently Acquired Subsidiary, Science and Technology Research Inc. (STR), Expands Upon US Navy Contract
RIDGEFIELD, Conn., Oct 23, 2003 (BUSINESS WIRE) -- Markland Technologies, Inc.
(OTC: MKLD - News), an integrated homeland security company,
(www.marklandtech.com) is pleased to provide a marketing and sales update
subsequent to the October 21, 2003 announced acquisition of Virginia based
Science and Technology Research, Inc (STR).
Markland has implemented a multi-faceted marketing strategy to increase and
accelerate sales of the STR subsidiary's Shipboard Automatic Chemical Agent
Detection and Alarm System (ACADA) within the various Federal and Military
Departments. Presently the US Navy has an active open $40 million dollar
contract with STR to produce up to 1,000 ACADA units.
The US Navy deploys the "man-portable" point detection system to detect all
classic nerve and blister agents as well as other chemical warfare agent (CWA)
vapors. STR www.str-inc.com is currently the sole producer of the U.S. Navy's
Shipboard ACADA.
Markland's management is focused on marketing the product to:
-- Other military users such as the US Coast Guard and The
Department of Homeland Security for use within facilities they
need to protect against potentially harmful gas or vapor
attacks.
-- Foreign Military Agencies, which are friendly to the United
States, through the US government's longstanding Foreign
Military Sales program. The program assists in placing
sophisticated DOD equipment into the hands of friendly foreign
militaries that are in need of selected capabilities that can
be filled by United States based DOD contractors.
-- State and Local Municipalities which are responsible to
protect large facilities that could be a attractive to a
potential terrorist.
Markland will leverage their existing relationships within these groups. The
Company projects STR will deliver approximately 250 ACADA units to the US Navy
along with associated spares and logistics support services within the next six
months.
Markland Chairman Robert Tarini stated, "The platform to increase sales by a
factor of two or three for the ACADA product exists. The US Navy has created a
foundation that we intend to build upon for additional worldwide sales. We are
manufacturing product and are in the process of developing new designs and
licensing arrangements in parallel to help accelerate the penetration of the
ACADA unit in to the global marketplace. We are very pleased by the financial
metrics of our STR acquisition and excited about growing the business in the
very near term."
About Markland Technologies:
Markland Technologies is committed to helping secure America by providing
innovative emerging technologies and expert services to meet the country's needs
to protect our people, our borders and our infrastructure assets.
The Company is a Board member of the Homeland Security Industries Association
and is the featured Company on http://www.Homelanddefensestocks.com
"Forward-Looking Statements"
Investors are cautioned that certain statements contained in this document as
well as some statements in periodic press releases and some oral statements of
Markland Technologies officials during presentations about Markland
Technologies, are "forward-looking" statements within the meaning of the Private
Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements
include statements which are predictive in nature, which depend upon or refer to
future events or conditions, which include words such as "expects",
"anticipates", "intends", "plans", "believes", "estimates", or similar
expressions. In addition, any statements concerning future financial performance
(including future revenues, earnings or growth rates), ongoing business
strategies or prospects, and possible future actions, which may be provided by
management, are also forward-looking statements as defined by the Act. Some of
the factors that could significantly impact the forward-looking statements in
this press release include, but are not limited to: insufficient cash flow to
continue to fund the development and marketing of the Company's products and
technology; a rejection of the Company's products and technologies by the
marketplace, and; disputes as to the Company's intellectual property rights.
Forward-looking statements are based upon current expectations and projections
about future events and are subject to risks, uncertainties, and assumptions
about Markland Technologies, its products, economic and market factors and the
industries in which Markland Technologies does business, among other things.
These statements are not guarantees of future performance and Markland
Technologies has no specific intention to update these statements. More detailed
information about those factors is contained in Markland Technologies filings
with the Securities and Exchange Commission.
For full details, click here:
http://www.investorideas.com/Companies/MarklandTech/ NewsReleases.asp
SOURCE: Markland Technologies, Inc.
CONTACT: Markland Technologies
Markland@MarklandTech.com
http://www.marklandtech.com
or
ECON Investor Relations, Inc.
1-866-730-1151
Dawn Van Zant
dvanzant@investorideas.com
or
Trevor Ruehs
truehs@investorideas.com
MSSI news...
==============================
(COMTEX) B: MSSI-TeleScience Announces Acquisition Plans Company to Enter Home Health Care Industry ( PRNewswire )
TYSONS CORNER, Va., Oct 23, 2003 /PRNewswire via COMTEX/ -- TeleScience
International, Inc., a wholly-owned subsidiary of Medical Staffing Solutions,
Inc. (OTC Bulletin Board: MSSI), announced today that it plans to enter the Home
Health Care Industry through a series of planned acquisitions. The Company has
begun negotiations with several available private companies and expects to make
this industry a priority in its future growth plans.
According to Dr. B.B. Sahay, President and CEO of MSSI, "The United States will
see unprecedented growth in health care requirements as the baby-boom generation
ages over the next 10 years. Many of these individuals will prefer home health
care as opposed to institutional assisted living facilities or nursing homes.
Not only is it more convenient for the aged to stay at home, it is also less
costly for the government to administer. We feel this trend will create a
substantial increase in the need for home health care services and we want to be
a part of this growth."
TeleScience International is a provider of medical personnel to state and
federal government agencies, primarily hospital and medical facilities. The
Company also operates a Homeland Security division that provides emergency
equipment, decontamination products, vehicles and supplies to state and local
governments. Additionally, the Company's Technology Services division provides
systems integration and technology services to the federal government.
Founded in 1987, TeleScience International has grown every year since its
inception and reported unaudited revenues of approximately $6 million for the
first eight months of its current fiscal year. The Company has over 200
employees operating in 24 states and has long-term federal and state medical
staffing contracts in place including a $21 million contract with the US Air
Force and a $130 million contract with the State of California. The Company
recently announced that its Homeland Security Division has been named as one of
approximately ten awardees in a $1 billion dollar contract issued by the State
of Pennsylvania for the provision of Personal Protection Equipment.
For information on TeleScience International, Inc. visit their website at
www.mssi-intl.com. Shareholders are requested to log onto the shareholder
registration form on the Company website in order to be placed on the mailing
list for future information. The Company headquarters is located at 8150
Leesburg Pike, Suite 1200, Vienna VA 22182.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking statements"
as defined in the Private Securities Litigation Reform Act of 1995 may be
included in this news release. These statements relate to future events or our
future financial performance. These statements are only predictions and may
differ materially from actual future results or events. TeleScience disclaims
any intention or obligation to revise any forward-looking statements whether as
a result of new information, future developments or otherwise. There are
important risk factors that could cause actual results to differ from those
contained in forward-looking statements, including, but not limited to risks
associated with changes in general economic and business conditions (including
in the information technology and financial information industry), actions of
our competitors, the extent to which we are able to develop new services and
markets for our services, the time and expense involved in such development
activities, the level of demand and market acceptance of our services, changes
in our business strategies.
SOURCE TeleScience International, Inc.
CONTACT: INFe-Relations, Inc., +1-703-734-5650
URL: http://www.mssi-intl.com
http://www.prnewswire.com
Hmmmmm, after-bell news on EEC...
=======================================
Environmental Elements Notified by American Stock Exchange Regarding Listing Standards
BALTIMORE, Oct. 21 /PRNewswire-FirstCall/ -- Environmental Elements
Corporation (Amex: EEC) has received notification from the American Stock
Exchange (the "Exchange") that EEC no longer complies with the Exchange's
continued listing standards as specified in Section 1003 (a)(i) of the Amex
Company Guide in that its stockholders' equity is less than $2 million and it
has sustained losses from continuing operations and/or net losses in two of
its three most recent fiscal years; Section 1003 (a)(ii) of the Amex Company
Guide in that its stockholders' equity is less than $4 million and it has
sustained losses from continuing operations and/or net losses in three of its
four most recent fiscal years; Section 1003 (a)(iii) of the Amex Company Guide
in that its stockholders' equity is less than $6 million and it has sustained
losses from continuing operations and/or net losses in five of its most recent
fiscal years; and, Section 1003(a)(iv) of the Amex Company Guide in that the
company has sustained losses which are so substantial in relation with its
overall operations or its existing financial resources, or its financial
condition has become so impaired that it appears questionable, in the opinion
of the Exchange, as to whether such company will be able to continue
operations and/or meet its obligations as they mature. The Company has
appealed this determination and intends to file a written submission detailing
its plans to regain compliance, however there can be no assurance that the
Company's request will be granted. In the event that their request is denied,
EEC expects that its securities will be eligible to trade through the Over the
Counter Bulletin Board(R) quotation service.
(Logo: http://www.newscom.com/cgi-bin/prnh/20011211/EECLOGO )
Environmental Elements Corporation is a solutions-oriented, global
provider of innovative technology for plant services, air pollution control
equipment and complementary products. The Company serves a broad range of
customers in the power generation, pulp and paper, waste-to-energy, rock
products, metals and petrochemical industries. Statements made in this press
release, other than those concerning historical information, should be
considered forward-looking and subject to various risks and uncertainties.
SOURCE Environmental Elements Corporation
-0- 10/21/2003
/CONTACT: Lawrence Rychlak, President & CFO, Environmental Elements
Corporation, +1-410-368-7007/
/Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20011211/EECLOGO
PRN Photo Desk, photodesk@prnewswire.com/
/Company News On-Call: http://www.prnewswire.com/comp/284933.html/
/Web site: http://www.eec1.com /
(EEC)
CO: Environmental Elements Corporation; American Stock Exchange
ST: Maryland
IN: ENV MNG PAP CHM
gins: re AMEP... yes, thanks for stressing the "authorized" aspect again. I made a point of saying that in my original post, and was careless to use the word "dilution" in my second. There certainly is a difference between that, and "issued" or "outstanding" shares...
santoph: Re AMEP dilution, I have no real idea what longterm effect it may have (though the price is down a fair bit, so far today). Sometimes these things seem to cause real harm, other times they seem to have no impact at all. Never have quite figured out what to expect in these cases...
Re AMEP, just filed a "pre-14a" indicating a quintupling of authorized shares news crossed just a while ago)...
=============================
(COMTEX) B: PRE 14A: AMEP Vote; Increase Auth Shares 100M to 500M
Ridgeland, MS, OCT 17, 2003 (EventX/Knobias.com via COMTEX) -- According to a
PRE 14A filed today, a Special Meeting of Shareholders of American Energy
Production, Inc. (OTCBB: AMEP) will be held at the offices of AMEP, Mineral
Wells, Texas, on a date to be determined in November 2003, for the following
purpose:
1. To approve an Amendment to the Certificate of Incorporation increasing the
number of authorized $0.0001 par value shares of the Common Stock from
100,000,000 to 500,000,000 and to authorize a number of preferred shares in the
amount of 5,000,000 shares with a par value of $0.001.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been
delayed by at least 10 minutes. To get all Knobias alerts in real-time daily,
visit http://www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading
and investing data covering all U.S. equities for investors and security
professionals. Knobias is best described by its three major components:
Real-time desktop applications providing quotes, charts, level 2, analysis etc.;
Knobias RAiDAR providing thousands of real-time news stories, alerts and
documents daily; Knobias fundamentals providing a comprehensive database of
fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2003 Knobias.com, LLC, All rights reserved.
chipped, et al: re KIWI...
Agree with your earlier comment, re lots of past hyping on KIWI -- which has gotten me stuck in it, too. But also can't deny that today's action indicates a "volume alert," so it's probably worth a close watch...
globe
MSSI news -- what a screwup!!...
===================================(PR NEWSWIRE) MSSI -
MSSI - TeleScience International Issues Notification That All Stock Dividends Were Paid to Shareholders on October 8
Company Adds Clarification to NASD Posting of Recent Stock Dividend;
No Further Dividends Were Issued on October 14
Company's Total Issued and Outstanding Shares Unchanged from October 7
VIENNA, Va., Oct. 16 /PRNewswire-FirstCall/ -- MSSI - TeleScience
International (OTC Bulletin Board: MSSI) a provider of medical personnel to
state and federal government agencies, announced today that the confusion that
has emerged in the Company's stock trading stems from the NASD posting of the
stock dividend pay date of October 8, 2003 and the "ex-dividend" date of
October 14, 2003 -- erroneously leading market-makers to believe that
dividends were due on October 14, 2003. This created confusion since
dividends were in fact fully paid by October 8, 2003. This incorrect
assumption by market makers that additional dividends were due on the 14th
caused the stock price to be adjusted incorrectly. The Company's total issued
and outstanding shares were unchanged from about October 7, 2003.
As background on the dividend, on September 26, 2003, the Company declared
a stock dividend of 1,400 percent for all shareholders of record as of
September 29, 2003. On that date, shareholders were entitled to an additional
14 shares -- the dividend -- for each single share held. The Company declared
a pay date for these dividend shares of September 30, 2003 and all dividend
shares were issued to the shareholders prior to October 8, 2003.
On or about October 8, active trading began in the Company's stock. The
shares that were traded included both the original shares as well as the
dividend shares. From about October 8 until close of the market on October
13, the Company's stock traded in the range of $1.25 to $2.50. Average
trading volume reached 31,000 shares per day and included all dividend shares.
Subsequently NASD posted the stock dividend pay date for October 8, 2003,
with an "ex-dividend" date for October 14, 2003 -- creating the confusion.
This led market-makers in the Company's stock to erroneously believe that the
dividend had not already been paid, and would be issued on October 14. The
Company emphatically states this was an incorrect interpretation. Because of
the erroneous belief, on October 14, the Company's stock traded in the range
of $0.10 and $0.30 with an approximate trading volume of 1,500,000 shares and
on October 15, trading volume reached approximately 1,225,200 shares with a
stock trading price range of $0.17 to $0.47.
The Company notified several market makers prior to October 14 that the
dividend shares had already been paid, and that no more shares would be
issued.
The Company's total issued and outstanding shares have not changed since
October 7, 2003. Although the NASD posted the ex-dividend date for October
14, 2003, the Company will not be issuing any more dividend shares after
October 7, 2003 since the declared dividend was fully paid by the 8th.
The total outstanding shares prior to the payment of the dividend, as of
the record date, September 29, 2003, were approximately 2,746,000 shares. The
total shares outstanding as of September 30, 2003, and today, were and are
approximately 41,200,000 shares.
MSSI - TeleScience International, Inc. is headquartered at 8150 Leesburg
Pike, Suite 1200, Vienna, VA 22182. Any questions regarding this press
release should be directed to the company's legal counsel, David B. Stocker,
Esq. at 602-235-9080.
For information on the Company, visit the website at www.mssi-intl.com.
Shareholders are requested to log onto the shareholder registration form on
the Company website in order to be placed on the mailing list for future
information.
Legal Notice Regarding Forward-Looking Statements: "Forward-looking
statements" as defined in the Private Securities Litigation Reform Act of 1995
may be included in this news release. These statements relate to future
events or our future financial performance. These statements are only
predictions and may differ materially from actual future results or events.
TeleScience International, Inc. and Medical Staffing Solutions, Inc. disclaim
any intention or obligation to revise any forward-looking statements whether
as a result of new information, future developments or otherwise. There are
important risk factors that could cause actual results to differ from those
contained in forward-looking statements, including, but not limited to risks
associated with changes in general economic and business conditions (including
the medical staffing and Homeland Security industries), actions of our
competitors, the extent to which we are able to develop new services and
markets for our services, the time and expense involved in such development
activities, the level of demand and market acceptance of our services, changes
in our business strategies.
SOURCE MSSI - TeleScience International
-0- 10/16/2003
/CONTACT: David B. Stocker, Esq., of MSSI - TeleScience International,
+1-602-235-9080/
/Web site: http://www.mssi-intl.com/
(MSSI)
NEOM news -- just moved...
=====================================
COMTEX) B: NeoMedia Technologies, Inc., Terminates Plans to Acquire Loch
nergy
B: NeoMedia Technologies, Inc., Terminates Plans to Acquire Loch Energy
FT. MYERS, Fla., Oct 3, 2003 (BUSINESS WIRE) -- NeoMedia Technologies, Inc.,
(OTC BB: NEOM), today terminated its Letter of Intent to acquire Loch Energy,
Inc., of Houston, Texas.
Charles T. Jensen, NeoMedia's president, COO and acting CEO, said that due
diligence results determined that it was not in NeoMedia's best interests to
complete the merger as outlined in a non-binding LOI (March 7, 2003).
"NeoMedia has discontinued all activities between the companies," he said.
Any thoughts here on NEOM, IVOC crashes?...eom
chipped: Glad to hear you & your family are okay. Also want to thank you (and others on this board) for some great picks. Sorry I haven't been able to post much myself, but I've been stuck working a "day job" most of this week and so can't go online during trading hours. A real bummer! I hope to have more days free in the weeks ahead, and to be able to post a few potential winners of my own...
globe
IIIM merger news (this means a rumored, better-priced buyout apparently won't happen)...
========================================== (COMTEX) B: i3 MOBILE Signs Definitive Agreement to Merge With ACE*COMM
B: i3 MOBILE Signs Definitive Agreement to Merge With ACE*COMM
STAMFORD, Conn., Sep 15, 2003 (BUSINESS WIRE) -- i3 Mobile, Inc. (NASDAQ:
IIIM), today announced that it has entered into a definitive agreement to merge
with a wholly-owned subsidiary of ACE*COMM Corporation (NASDAQ: ACEC), a global
provider of advanced Convergent Mediation(TM) products and Enterprise
Telemanagement software applications. Under the terms of the agreement signed on
September 12, 2003, ACE*COMM will acquire all of the outstanding shares of i3
Mobile in exchange for ACE*COMM common stock. If such transaction is
consummated, i3 Mobile stockholders will receive shares of ACE*COMM common stock
pursuant to a formula valuing ACE*COMM's common stock at market value at the
time of mailing of the proxy statement, less a discount, and valuing i3 Mobile
at an amount equal to its cash, net of specified liabilities and commitments at
the mailing date of the proxy statement. The closing of the acquisition will be
contingent upon, among other things, stockholder and other customary regulatory
approvals by both companies. It is anticipated that the merger will close late
in the fourth quarter of 2003. Kaufman Bros. L.P. acted as i3 Mobile's financial
advisor in connection with this transaction. Further details of the merger will
be disseminated to all ACE*COMM and i3 Mobile stockholders in a joint proxy
statement following review by the Securities and Exchange Commission.
Said J. William Grimes, Chairman of the Board and interim Chief Executive
Officer of i3 Mobile, "We are really enthusiastic about joining forces with
ACE*COMM, and believe that this merger should help fuel ACE*COMM's growth by
accelerating their ability to add complementary technologies to their product
offerings." George Jimenez, ACE*COMM's Chairman and Chief Executive Officer
said, "Key to the implementation of our strategies is the proposed merger with
i3 Mobile, which will provide us with the financial leverage that we require.
This greater financial resource base would create a stronger and more
competitive ACE*COMM, better able to capture and maximize the opportunities in
the OSS solutions markets."
About i3 Mobile
On March 25, 2003, i3 Mobile announced that it had terminated operation of its
premium mobile subscription information, communication service and other
businesses and taken other cost saving measures to continue to reduce recurring
operating losses, manage cash resources and working capital and facilitate a
potential transaction.
About ACE*COMM
ACE*COMM is a global provider of advanced Convergent Mediation(TM) products and
Enterprise Telemanagement software applications. ACE*COMM's solutions are
employed in wired and wireless networks that deliver voice, data, mixed media
and Internet communications. Their proven technology provides the ability to
capture, secure, validate, and enhance data from multiple networks. These
operations are performed interactively with a data warehouse, and processed
information is distributed in near real-time, to all types of carrier OSS
(operations support systems) and BSS (business support systems). Solutions are
matched to each customer's business environment. They provide the analytical
tools required to extract knowledge from operating networks - knowledge
ACE*COMM's customers use to generate more revenue, reduce costs, accelerate
time-to-market for new services, and deliver more effective customer support.
i3 Mobile Safe Harbor Disclaimer
This news release may be deemed to include forward-looking statements as defined
by applicable U.S. law and, as a result, may involve risks, uncertainties and
assumptions that could cause actual results to differ materially from those in
such forward-looking statements. The words "believe," "expect," "intend,"
"anticipate," variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that the statement
is not forward-looking. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that
are difficult to predict. Factors that could affect i3 Mobile's actual results
in the short term include the ability to locate and consummate a transaction
with a suitable strategic investment partner, acquisition candidate or other
investment opportunity, and i3 Mobile's ability to manage its limited cash
resources until it is able to do so. Although i3 Mobile's management believes
that the assumptions made and expectations reflected in the forward-looking
statements are reasonable, there is no assurance that the underlying assumptions
will in fact prove to be correct or that actual results will be different from
the expectations expressed herein. A more detailed description of certain
factors that could affect actual results are those discussed in i3 Mobile's
Annual Report on Form 10-K and its quarterly reports on Forms 10-Q. i3 Mobile
undertakes no obligation to update publicly any forward-looking statements or
reflect new information, events or circumstances after the date of this release
or to reflect the occurrence of unanticipated events.
SOURCE: i3 Mobile, Inc.
IIIM merger news (this means a rumored, better-priced buyout apparently won't happen)...
========================================== (COMTEX) B: i3 MOBILE Signs Definitive Agreement to Merge With ACE*COMM
B: i3 MOBILE Signs Definitive Agreement to Merge With ACE*COMM
STAMFORD, Conn., Sep 15, 2003 (BUSINESS WIRE) -- i3 Mobile, Inc. (NASDAQ:
IIIM), today announced that it has entered into a definitive agreement to merge
with a wholly-owned subsidiary of ACE*COMM Corporation (NASDAQ: ACEC), a global
provider of advanced Convergent Mediation(TM) products and Enterprise
Telemanagement software applications. Under the terms of the agreement signed on
September 12, 2003, ACE*COMM will acquire all of the outstanding shares of i3
Mobile in exchange for ACE*COMM common stock. If such transaction is
consummated, i3 Mobile stockholders will receive shares of ACE*COMM common stock
pursuant to a formula valuing ACE*COMM's common stock at market value at the
time of mailing of the proxy statement, less a discount, and valuing i3 Mobile
at an amount equal to its cash, net of specified liabilities and commitments at
the mailing date of the proxy statement. The closing of the acquisition will be
contingent upon, among other things, stockholder and other customary regulatory
approvals by both companies. It is anticipated that the merger will close late
in the fourth quarter of 2003. Kaufman Bros. L.P. acted as i3 Mobile's financial
advisor in connection with this transaction. Further details of the merger will
be disseminated to all ACE*COMM and i3 Mobile stockholders in a joint proxy
statement following review by the Securities and Exchange Commission.
Said J. William Grimes, Chairman of the Board and interim Chief Executive
Officer of i3 Mobile, "We are really enthusiastic about joining forces with
ACE*COMM, and believe that this merger should help fuel ACE*COMM's growth by
accelerating their ability to add complementary technologies to their product
offerings." George Jimenez, ACE*COMM's Chairman and Chief Executive Officer
said, "Key to the implementation of our strategies is the proposed merger with
i3 Mobile, which will provide us with the financial leverage that we require.
This greater financial resource base would create a stronger and more
competitive ACE*COMM, better able to capture and maximize the opportunities in
the OSS solutions markets."
About i3 Mobile
On March 25, 2003, i3 Mobile announced that it had terminated operation of its
premium mobile subscription information, communication service and other
businesses and taken other cost saving measures to continue to reduce recurring
operating losses, manage cash resources and working capital and facilitate a
potential transaction.
About ACE*COMM
ACE*COMM is a global provider of advanced Convergent Mediation(TM) products and
Enterprise Telemanagement software applications. ACE*COMM's solutions are
employed in wired and wireless networks that deliver voice, data, mixed media
and Internet communications. Their proven technology provides the ability to
capture, secure, validate, and enhance data from multiple networks. These
operations are performed interactively with a data warehouse, and processed
information is distributed in near real-time, to all types of carrier OSS
(operations support systems) and BSS (business support systems). Solutions are
matched to each customer's business environment. They provide the analytical
tools required to extract knowledge from operating networks - knowledge
ACE*COMM's customers use to generate more revenue, reduce costs, accelerate
time-to-market for new services, and deliver more effective customer support.
i3 Mobile Safe Harbor Disclaimer
This news release may be deemed to include forward-looking statements as defined
by applicable U.S. law and, as a result, may involve risks, uncertainties and
assumptions that could cause actual results to differ materially from those in
such forward-looking statements. The words "believe," "expect," "intend,"
"anticipate," variations of such words, and similar expressions identify
forward-looking statements, but their absence does not mean that the statement
is not forward-looking. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions that
are difficult to predict. Factors that could affect i3 Mobile's actual results
in the short term include the ability to locate and consummate a transaction
with a suitable strategic investment partner, acquisition candidate or other
investment opportunity, and i3 Mobile's ability to manage its limited cash
resources until it is able to do so. Although i3 Mobile's management believes
that the assumptions made and expectations reflected in the forward-looking
statements are reasonable, there is no assurance that the underlying assumptions
will in fact prove to be correct or that actual results will be different from
the expectations expressed herein. A more detailed description of certain
factors that could affect actual results are those discussed in i3 Mobile's
Annual Report on Form 10-K and its quarterly reports on Forms 10-Q. i3 Mobile
undertakes no obligation to update publicly any forward-looking statements or
reflect new information, events or circumstances after the date of this release
or to reflect the occurrence of unanticipated events.
SOURCE: i3 Mobile, Inc.
Big CBST drug-news, from after-bell on Friday (if anyone's already posted it, sorry for the duplication). Crossed on several agencies, this particular version is from Forbes...
===========================================
FDA Approves First-In-Class Antibiotic
Matthew Herper, 09.12.03, 6:54 PM ET
NEW YORK - The Food and Drug Administration approved the first antibiotic in a new class since the approval of Pfizer's Zyvox in 2000. Zyvox then represented the first new class in 35 years.
The injectable medicine, called daptomycin and sold under the brand-name Cubicin, will be used to treat certain complicated skin and soft-tissue infections that are resistant to methicillin, a currently available drug. More than 600,000 patients suffer from such infections annually. Staphylococcus aureus, the bacteria that causes these illnesses, is resistant to current drugs 60% of the time, according to Lexington, Mass.-based Cubist Pharmaceuticals (nasdaq: CBST - news - people ), which is selling the drug. Previously, Cubicin was known as Cidecin.
"The approval of Cubicin is particularly important as we face the growing public health crisis of bacterial resistance," Dr. Robert A. Weinstein, chairman of the Division of Infectious Diseases at Stroger Hospital of Cook County in Chicago and a Cubist scientific advisor, said in a prepared statement. "There has been a frightening increase in MRSA infections over the past decade, and the tools currently available to combat this problem have become less effective."
Cubicin was originally developed by Eli Lilly (nyse: LLY - news - people ), but was licensed to Cubist. Vicuron (nasdaq: MICU - news - people ), InterMune (nasdaq: ITMN - news - people ) and Genome Therapeutics (nasdaq: GENE - news - people ) are also developing injectable antibiotics to combat resistant bacteria.
zardiw... thanks, re NEOM info. I hadn't had a chance to dig deep enough yet, to learn that for myself. Appreciate the post, and hope those facts mean the extra-shares won't lead to a price-crash...
globe
Re NEOM: one big caveat to keep in mind is that, per a letter to shareholders included in the most recent 14-A filing (relevant part copied below) the company will ask to increase authorized shares from 200-million to one-BILLION at the shareholder meeting on September 24th. Big dilution. Most people apparently either don't know about that, or just aren't worried about it. And, maybe they shouldn't be -- but folks here should at least be aware...
BTW, glad to find you here after RB's crash...
============================
August 26, 2003
NEOMEDIA TECHNOLOGIES, INC.
2201 Second Street, Suite 402
Fort Myers, Florida 33901
NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO
BE HELD ON SEPTEMBER 24, 2003
--------------------------------------------------
NOTICE IS HEREBY GIVEN that an Annual Meeting of Stockholders (the "Annual
Meeting") of NeoMedia Technologies, Inc. will be held at the office of NeoMedia,
2201 Second Street, Suite 402, Fort Myers, Florida 33901, on September 24, 2003,
beginning at 10:00 a.m., Eastern Daylight Savings Time, for the following
purposes:
1. To elect five directors to hold office until the next annual meeting of
stockholders and the due election and qualification of their successors
(Item No. 1 on proxy card);
2. To approve an amendment to NeoMedia's Certificate of Incorporation to
increase the number of shares of authorized common stock, par value
$0.01, from 200,000,000 to 1,000,000,000 shares (Item No. 2 on proxy
card);
3. To approve the 2003 Stock Option Plan (Item No. 3 on proxy card); and
4. To consider such other business as may properly come before the meeting
or any postponements or adjournments thereof.
The Board of Directors has fixed the close of business on August 6,
2003, as the record date for determining the shareholders entitled to notice of
and to vote at the Annual Meeting or at any adjournment thereof. A complete list
of the shareholders entitled to vote at the Annual Meeting will be open for
examination by any shareholder during ordinary business hours for a period of
ten days prior to the Annual Meeting at the office of NeoMedia, 2201 Second
Street, Suite 402, Fort Myers, Florida 33901.
YOUR BOARD OF DIRECTORS RECOMMENDS THAT YOU VOTE "FOR" THE PROPOSALS.