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Stratus Services Group, Inc. Reports Its Focus is Turning to Growth Through Its New Business Model
MANALAPAN, N.J., June 27, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today reported that it has completed the trailing activities associated with the sale of the assets of its commercial staffing units. The Company spent considerable time, money and effort in the collection of the receivables for its senior lender, which has now been paid in full. Through the first four months of the year, the Company spent a substantial amount of its time and resources on the proper disposition of its assets to make the transition as smooth as possible.
Joseph J. Raymond, Chairman and CEO, commented: "The work and strain on our limited resources associated with the disposition of the assets and old banking relationships is substantially behind us. The Company will continue dealing with the old creditor issues, but as for the operation, our turnaround is in full effect. We have been spending considerable time toward growing our new business model. The Company believes that the higher margins associated with the IT business, which is not as sensitive to workers' compensation risks, is a great platform for it to rebuild in the staffing industry and we will continue to keep the shareholders apprised of our progress."
About Stratus Services Group, Inc.
Stratus provides a broad range of information technology staffing and project consulting through its joint venture with Stratus Technology Services, LLC.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words intend, expect, should, project, anticipate, 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 they were made.
CONTACT: Stratus Services Group, Inc.
Michael A. Maltzman, Executive VP and CFO
(732) 866-0300
Fax: (732) 866-6676
Value Capital Partners
Charles Cocuzza
Mike Santini
(480) 951-3402
Source: PrimeZone (June 27, 2006 - 1:00 PM EDT)
SSVG news
Stratus Services Group, Inc. Reports Its Focus is Turning to Growth Through Its New Business Model
MANALAPAN, N.J., June 27, 2006 (PRIMEZONE) -- Stratus Services Group, Inc. (OTCBB:SSVG), the SMARTSolutions(tm) Company (the "Company" or "Stratus"), a leading provider of technology staffing and technology productivity consulting, today reported that it has completed the trailing activities associated with the sale of the assets of its commercial staffing units. The Company spent considerable time, money and effort in the collection of the receivables for its senior lender, which has now been paid in full. Through the first four months of the year, the Company spent a substantial amount of its time and resources on the proper disposition of its assets to make the transition as smooth as possible.
Joseph J. Raymond, Chairman and CEO, commented: "The work and strain on our limited resources associated with the disposition of the assets and old banking relationships is substantially behind us. The Company will continue dealing with the old creditor issues, but as for the operation, our turnaround is in full effect. We have been spending considerable time toward growing our new business model. The Company believes that the higher margins associated with the IT business, which is not as sensitive to workers' compensation risks, is a great platform for it to rebuild in the staffing industry and we will continue to keep the shareholders apprised of our progress."
About Stratus Services Group, Inc.
Stratus provides a broad range of information technology staffing and project consulting through its joint venture with Stratus Technology Services, LLC.
The statements which are not historical facts contained in this press release are forward-looking statements that involve certain known and unknown risks and uncertainties, including but not limited to, changes in the market for Internet or distribution services, regulatory and technological changes, economic factors, increased competition, foreign currency devaluation, foreign market risk, and the nature of supplier of customer arrangements which become available to the Company in the future. The Company's actual results may differ materially from the results discussed in or implied by any forward-looking statement. The words intend, expect, should, project, anticipate, 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 they were made.
CONTACT: Stratus Services Group, Inc.
Michael A. Maltzman, Executive VP and CFO
(732) 866-0300
Fax: (732) 866-6676
Value Capital Partners
Charles Cocuzza
Mike Santini
(480) 951-3402
Source: PrimeZone (June 27, 2006 - 1:00 PM EDT)
UVCL added yesterday thx for the reminder. It has been very good to me in the past and hopefully will be again GL
SENS .045x.049 low volume might put this one on a watch list jmho :)
Chart -
Reminder: Check For: ---> Dilution - Splits - News
Florida Department of Education Selects Proginet to Secure Key Data
Proginet Corporation (OTCBB: PRGF), a leading developer of enterprise security software, today announced a new software license agreement with the Florida Department of Education's (FDOE) Office of Student Financial Assistance (OSFA).
Under the terms of the agreement, OSFA will use Proginet's CyberFusion Integration Suite (CFI)(TM) to secure and protect sensitive personal and financial data relative to third-level education student loan and aid programs.
"CFI comprehensively satisfies this customer's organizational requirements with regard to data movement and security," said Kevin Bohan, Proginet's Chief Information Officer. "They need to integrate data from a variety of sources, including financial institutions, colleges and universities, and government agencies. CFI allows them to do this securely by transferring data directly in and out of the mainframe from the various Web applications in use, and by automating many of their important information processes."
"This deal comes hot on the heels of the enterprise licensing agreement announced recently with another major educational lender," said Jack Gazzola, Proginet's Vice President of Sales. "The functionality of CFI has proven to map very well to the business requirements of these kinds of lending institutions. We're talking to several other key players in this category and we see significant opportunities ahead," concluded Mr. Gazzola.
About Proginet Corporation
Proginet Corporation is a leading developer of enterprise security software. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion(R), CyberFusion Integration (CFI) Suite(TM), SecurForce(TM), SecurPass(R), and SecurAccess(TM), support all major computing platforms, from PCs to mainframes. Proginet's global customer base spans more than 23 countries and includes many Fortune 500 companies. The company is headquartered in Garden City, N.Y., with offices in Toronto, Canada, and is publicly traded under the symbol (OTCBB: PRGF). For more information, visit www.proginet.com.
Disclaimer
This press release may contain forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors under those sections. In some cases, you can identify forward-looking statements by terminology such as "expect," "believe," "may," "will," "plans" and "anticipate," or the negative of such terms or comparable terminology. Forward-looking statements appearing herein include statements concerning operating and profitability plans and goals and are based on current expectations.
Proginet Corporation
Kevin Kowalski, 516-535-3620
kkowalski@proginet.com
TSIH what's up there? :)
ELRI .06 x .09 now :)
Hey SPJ, I been sitting on some of this one, patiently waiting :)
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Reminder: Check For: ---> Dilution - Splits - News
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Reminder: Check For: ---> Dilution - Splits - News
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Reminder: Check For: ---> Dilution - Splits - News
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Reminder: Check For: ---> Dilution - Splits - News
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Reminder: Check For: ---> Dilution - Splits - News
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Reminder: Check For: ---> Dilution - Splits - News
CDCM picked up a few at .003 fwiw
CNCM grabbed a few at .005 jic
Love your new siggy :)
k thx :)
RTGV was looking at it earlier. They still have something in the works? I had forgooten about it but still have a bunch in my pile :)
sold this one too early :(
thx u beat me too it :)
CHART -
Reminder: Check For: ---> Dilution - Splits - News
PURH L2 very interesting also
Proginet Satisfies Acquisition Debt 18 Months Ahead of Schedule
Proginet Corporation (OTCBB: PRGF), a leading developer of enterprise security software, today announced that it had paid off all remaining debt relative to its 2005 acquisition of Blockade Corporation. In paying a final bank note of $557,000, the company has satisfied this debt 18 months ahead of schedule, and is now completely debt free.
"As stated in our recent conference call, Proginet's cash position at April 30th was the highest in the company's history," said Debra DiMaria, Proginet CFO. "The management team deemed it fiscally responsible to pay off all remaining debt according to this accelerated schedule. Continued positive cash flow and strong Q4 new license revenues are anticipated and will help to add further to our overall cash position."
"Paying off this debt 18 months ahead of schedule is evidence of the healthy overall state of Proginet as a business," said Kevin M. Kelly, Proginet's President and CEO. "Our acquisition strategy will continue to be driven by our key stated criteria: acquiring complementary software, adding to our customer base with recurring revenue streams, and achieving dominance in our marketplace. Strong cash flow and a continually improving cash position mean Proginet is uniquely poised to expand its pursuit of acquisitions during fiscal year 2007," concluded Mr. Kelly.
About Proginet Corporation
Proginet Corporation is a leading developer of enterprise security software. Throughout its 20-year history, the company has earned a solid reputation for its multi-platform expertise and dedication to customer service. Its products, including CyberFusion(R), CyberFusion Integration (CFI) Suite(TM), SecurForce(TM), SecurPass(R), and SecurAccess(TM), support all major computing platforms, from PCs to mainframes. Proginet's global customer base spans more than 23 countries and includes many Fortune 500 companies. The company is headquartered in Garden City, N.Y., with offices in Toronto, Canada, and is publicly traded under the symbol (OTCBB: PRGF). For more information, visit www.proginet.com.
Disclaimer
This press release may contain forward-looking information within the meaning of Section 29A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors under those sections. In some cases, you can identify forward-looking statements by terminology such as "expect," "believe," "may," "will," "plans" and "anticipate," or the negative of such terms or comparable terminology. Forward-looking statements appearing herein include statements concerning operating and profitability plans and goals and are based on current expectations.
Proginet Corporation
Kevin Kowalski, 516-535-3620
kkowalski@proginet.com
Source: Business Wire (June 8, 2006 - 10:55 AM EDT)
News by QuoteMedia
www.quotemedia.com
LOL PIVX not tanking yet, maybe the buyers will show u again this afternoon.
I'm still in PIVX, I was at training yesterday afternoon so didn't see it till after the close. No news and no chatter on the boards so who knows. Thanks for mentioning it :)
PIVX WOW
LLEG saw that, a break of .15 would be sweet.
LLEG guess we need a little news to get it back over .10 :)
HQNT .05x.06 news, sure thought this would be higher by now
H-Quotient Agrees to Sell PhysicianQuotient to Healthnostics
H-Quotient, Inc., (PINKSHEETS: HQNT) announced the agreement to sell its PhysicianQuotient family of electronic medical record (EMR) software products to Healthnostics, Inc., (PINKSHEETS: HNST) for stock and other consideration. Details will be forthcoming.
H-Quotient purchased the software over three years ago and then became embroiled in costly litigation over that purchase. The Company prevailed in that litigation, and has decided that Healthnostics is now best suited with its development, sales, and financial infrastructure to take the software to a broad market.
PhysicianQuotient is a comprehensive medical software system utilizing hand-held devices, web-enabled cell phones, and existing office PCs for front-office, patient encounters along with simplified coding to maximize appropriate reimbursements, EMR with storage capability for digital information, including images, electronic faxes, reports, and transcription sound files. The system includes on-line eligibility and authorization with electronic billing, and it is delivered either as a web-based service or as an in-house turnkey operation. The PhysicianQuotient system also provides key financial information, such as, accounts receivable, financial history, and billing. The system facilitates prompt insurance payment and helps prevent claim errors. The system also provides encounter-form tracking. The Appointment Scheduler includes waiting lists, appointment tracking, an EDI engine, monthly display calendar, extended comment fields, and multiple-resource searches and displays. Recall notices are generated to remind patients to schedule appointments.
HeartQuotient, SightQuotient, and CosmeticQuotient are specialty-enhanced versions of PhysicianQuotient.
HeartQuotient provides storage capability for any digital information, including images, dicom images, electronic faxes, reports, and transcription sound files plus in-depth support for pacemakers, ICDs (implant and follow-ups).
SightQuotient includes specific EMR such as lasik, YAG capsulotomy, cataract extraction, and pteryquim.
CosmeticQuotient provides cosmetic and reconstructive surgeons with a comprehensive web-based practice management system to help improve efficiencies, revenues, and the levels of patient care.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at www.hquotient.com.
Source: Market Wire (June 5, 2006 - 10:15 AM EDT)
News by QuoteMedia
www.quotemedia.com
HQNT .05x.06 news, sure thought this would be higher by now
H-Quotient Agrees to Sell PhysicianQuotient to Healthnostics
H-Quotient, Inc., (PINKSHEETS: HQNT) announced the agreement to sell its PhysicianQuotient family of electronic medical record (EMR) software products to Healthnostics, Inc., (PINKSHEETS: HNST) for stock and other consideration. Details will be forthcoming.
H-Quotient purchased the software over three years ago and then became embroiled in costly litigation over that purchase. The Company prevailed in that litigation, and has decided that Healthnostics is now best suited with its development, sales, and financial infrastructure to take the software to a broad market.
PhysicianQuotient is a comprehensive medical software system utilizing hand-held devices, web-enabled cell phones, and existing office PCs for front-office, patient encounters along with simplified coding to maximize appropriate reimbursements, EMR with storage capability for digital information, including images, electronic faxes, reports, and transcription sound files. The system includes on-line eligibility and authorization with electronic billing, and it is delivered either as a web-based service or as an in-house turnkey operation. The PhysicianQuotient system also provides key financial information, such as, accounts receivable, financial history, and billing. The system facilitates prompt insurance payment and helps prevent claim errors. The system also provides encounter-form tracking. The Appointment Scheduler includes waiting lists, appointment tracking, an EDI engine, monthly display calendar, extended comment fields, and multiple-resource searches and displays. Recall notices are generated to remind patients to schedule appointments.
HeartQuotient, SightQuotient, and CosmeticQuotient are specialty-enhanced versions of PhysicianQuotient.
HeartQuotient provides storage capability for any digital information, including images, dicom images, electronic faxes, reports, and transcription sound files plus in-depth support for pacemakers, ICDs (implant and follow-ups).
SightQuotient includes specific EMR such as lasik, YAG capsulotomy, cataract extraction, and pteryquim.
CosmeticQuotient provides cosmetic and reconstructive surgeons with a comprehensive web-based practice management system to help improve efficiencies, revenues, and the levels of patient care.
This announcement may contain, in addition to historical information, certain forward-looking statements that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
For more information visit the H-Quotient web site at www.hquotient.com.
Source: Market Wire (June 5, 2006 - 10:15 AM EDT)
News by QuoteMedia
www.quotemedia.com
AMHD
PIVX got a few here fwiw
PIVX got a few here fwiw
IYSA .02x.021 2x1
IYSA
LLEG news lends credibility(if there is such a thing in the otc) hopefully more to come :)