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Nice update from IR Sunday evening:
To Axis Technologies' shareholders and interested investors:
Axis Technologies' (AXTG, $0.18) management has confirmed that the press release below referencing an energy efficiency project awarded to Atlantic Energy Solutions, Inc. includes the installation of Axis' daylight harvesting ballasts. The company is in the process of obtaining approval for an AXTG press release in the near future (with ballast totals included as a preference).
In response to questions from shareholders:
The recent press releases announcing energy audit firms and electrical service companies (ESCO's)** use of Axis Technologies' ballasts in contract proposals are the result of follow up business contact after the Lightfair in May. There will be announcements on an ongoing basis going forward with ballast totals included when approved.
Increasing interest and demand in LEED certification of buildings in a highly competitive leasing market is anticipated to be another source of increasing revenues for energy efficiency firms like Axis Technologies.
Investor Relations for Axis Technologies
www.axistechnologyinc.com
404-261-1196
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** An energy service company (acronym: ESCO or ESCo) is a professional business providing a broad range of comprehensive energy solutions including designs and implementation of energy savings projects, energy conservation, energy infrastructure outsourcing, power generation and energy supply, and risk management. The ESCO performs an in-depth analysis of the property, designs an energy efficient solution, installs the required elements, and maintains the system to ensure energy savings during the payback period.
The savings in energy costs is often used to pay back the capital investment of the project over a five- to twenty-year period, or reinvested into the building to allow for capital upgrades that may otherwise be unfeasible. If the project does not provide returns on the investment, the ESCO is often responsible to pay the difference.
Reference Link: http://en.wikipedia.org/wiki/Energy-Service_Company
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Atlantic Energy Solutions Awarded Second Long Island School District Project
Atlantic Energy Solutions, Inc. (OTC:AESO) is pleased to announce that they have been awarded with their second multi-million dollar energy efficiency project from a Long Island, NY School District. This exciting project entails a new 400kw solar photovoltaic system, a 500kw cogeneration system, IT Network Management, weatherization, major HVAC renovations, and boiler and lighting replacement.
Atlantic indicates that in similar fashion to the previously announced Long Island school district award, this site was also looking to be energy efficient and environmentally cautious in its journey leading them to Atlantic Energy Solutions. These new changes, along with over $500,000 in LIPA solar incentives, the school district and their taxpayers will realize energy savings of over $700,000 annually.
Timothy Brock, CEO, of Atlantic Energy states, "We are pleased to be working with this school district and in being able to support their objectives for green technology innovation and energy savings. I'm especially proud of the effort of the Atlantic Energy team and their relationship with school district administrators, as we were awarded this contract over several well known industry stalwarts such as Johnson Controls ("JCI"), Honeywell ("HON") and ConEdison Solutions."
About Atlantic Energy Solutions, Inc.
Atlantic Energy Solutions is a globally accredited Energy Efficiency and Resource Company and member of NAESCO (www.Naesco.org) that identifies, implements, and finances energy efficiency projects designed to improve the overall efficiency of energy, water usage and renewable resources, reducing our dependency on foreign oil and diminishing our carbon footprint. Headquartered in Saratoga Springs, NY and with satellite offices in Orlando Fl and Fairfield, NJ, Atlantic Energy Solutions assesses the energy demands and usages of municipal, corporate and industrial complexes to improve conservation and apply measures to bolster savings at the consumer level.
Reference Link: http://finance.yahoo.com/news/Atlantic-Energy-Solutions-iw-3941535249.html?x=0&.v=1
I guess so. Sounds like problems with the market makers on several fronts today. I guess as you say it is a product of being on Pink sheets.
Incredible. This is so wrong, and why we have to get on the OTCBB if at all possible. So, you have a buy order in at .18 for 22,000 shares which isn't even reflected, and another buyer cannot get a fill on a buy order at the posted ask of .20. What is going on here?
Correction: what I can't understand is whay orders to buy stock at the posted ASK od .20 are not being filled today.
I have tried to buy between the spread before, and the market makers will only list you as the highest bid if you put your limit order in for more than the posted 5,000 shares bid at their bid price. If it is for more than 5,000 they will show your new higher limit order as the bid. What I cannot understand is why pending orders at the posted bid of .20 are not being filled today. Go figure.
Your guy must be back in line. I heard a while ago from someone regarding a pending limit order at .20 through TD Ameritrade which was only partially filled earlier this morning around 9:15, with the remaining portion of the order still pending and unfilled at .20 within the past 30 minutes. Very interesting. Could it be that the sellers have really gone away, and that the market makers do not have enough inventory to fill orders at the ask? Who knows?
Welcome to the Board! Great report on your interest and contacts. the road has at times been slow for Axis, but I think we are on the verge of positive progress.
Good point. What is the status of the entire patent review process. There used to be reports, but lately there is just the indication that it cannot be discussed. The lititgation seemed to have some good develpoments, but the review by USPO is the key. I never am able to get a handle on that.
Ah, that volume issue. SG is right on the negligible volume. Positive things are happening, but we need more volume to really move the stock.
I do too, But, everything seems to indicate that full FDA approval on Zenvia will not come until Q3 or Q4 2010. That seems to far out to me.
The market makers also can raise the bid based on the trading action and orders, and at times the market maker is the only bid.
Interesting as to the unfilled stock orders betwen the spread. That was my point yesterday. The sellers seem to have evaporated into thin air. Nice to see the 19,000 shares go through on the buy side at .18 on the open today, which raised the bid to .17. Narrower spread going forward would be positive.
Narrowing of spread late in day, with bid jumping up to .16 for a time (.16 - .18), prior to bid dropping back (.13) in final couple of minutes, was interesting. Apparently, no sellers at .16 this afternoon. Wonder where they went?
Your friend must be smarter than I am, or trade on a platform which goes through a different market maker. I tried to buy more shares yesterday morning first at .15, and then at .16, and was not able to get any.
It is my understanding that one of the key reasons to get off the Pink Sheets and on to the OTCBB is that naked shorting is not legal on the OTCBB. I do not think it should be legal anywhere.
From your and TRIXXX's lips to God's ears! we could stand to have sOmething blow the top off this firecracker this week heading into the 4th. As for today's trade, it has almost all gone through at .18, but we need more volume before we can see an appreciable upward move. That will take new investors or postive developments.
NNI breaking out and runnin' like a bitin' sow.
NNI - Talk about upward momentum. It is a monster right now.
I think he may be referring to the actual received purchase orders for the redesigned T8 ballasts, which can only be filled after the UL certification on this new product, which was predicted to come this month. As noted in the 10Q, these orders waiting to be filled total "nearly three quarter million dollars," or he could be referring to the EIG firm commitments for orders, which have previously been reported. I assume the EIG orders may be included in the referenced 3/4 M of pending orders. There is also mention in the 10Q of an apparent specific order in the amount of $247,000, in connection with the $150,000 of funding in late May, which must be repaid upon fulfillment of the order. This is likely also included in the aforementioned figure, but who knows. It appears that the UL certificatioin is the linchpin here, and it is not yet clear just what the UL action on 6/23 with regard to Axis actually was.
Good point. I had seen that was to happen.
Cap And Trade: I hate to say it, since I think the Cap and Trade bill passed by the House late last week is bad for the Country, but it is definitely a shot in the arm to the green building crowd, and could place even more emphasis on energy savings. Although, much tougher road in the Senate for obama on Cap and Trade legislation.
Check out the chart in the last 5 minutes of Friday? Over 10 Million shares traded right near the close. What could be going on here?
Madam Moderator has made a very bold, but risky (from a credibility standpoint) prediction as to the trading range of the stock in the coming week. I submit that the stock has a far better chance of trading over .20 this week, than under .10, as she predicts. I acknowledge this is not nearly as a prediction as hers, with the stock closing at .18 yesterday. MM must not be a shareholder, or she wouldn't be hoping for it to go down, and for her friend to lose all his $$$.
Key point: most of the volume was in the last 2 minutes.
AVNR rocket continues to soar, but will traders take profits at day's end? Looks like not. there must be somehting going on.
AVNR is a roaring monster right now.
Like your passion. You realize you are "preaching to the choir" here on this board. I trust you are sharing your firm belief in this company and stock on other Boards to create awareness of the AVNR story.
AVNR still in rocket mode with no end in sight.
Agreed. but, it has to go up a lot more for me to get out even. I have held for a long time. Price was much higher a number of years back prior to the FDA's request for additional testing of Neurodex, n/k/a/ Zenvia. I think positive news is around the corner, as latest trials of Zenvia appear to have been positive and now on fast track for FDA approval.
Yes. It is a breach of contract case filed in the U. S. District Court (D. Conn.) in early June 2008, entitled American Carrera Tech. v. Soltage, Inc., Soltage PL 6500 Milford LLC, Soltage SLL 137 Stamford, and Jesse Grossman. It does not appear to have anything to do with AXTG.
See message #1899 for actual link to UL data and reference, which does state that Axis' UL listings were updated on 6/23. Still not clear what, if anything, this means.
NNI breaks out on new govt. contract and debt buyback.
Point of Record: According to published PPS history and charts, AXTG stock has traded above $2.00 per share on less than 40 trading days, and has not traded above $2.00 per share since week ending 1/12/07.
Fair points, but note that I have seen considerable product bashing of late. However, as I said earlier, let's move on and keep it substantive. Agree with you that Yahoo Board is a Zoo, and have seen references there which echo your comments.
This morning's PR not doing anything for PPS. Surge in volume is impressive, but trading range of .13 to .18 is deceiving. Shares bought at .18 represent less than 2 1/2% of volume. Obvious selling pressure, as apparent that plenty of stock available at .15
I appreciate the comment and support Trader Dick, but I am through with those questions. It is time to move on and focus on the company and stock in a substantive manner. I have come to enjoy the recent thoughtful and substantive posts and discourse with yourself, TRIXXX and Doobeedo. I think the next few weeks and months could be very exciting.
Link to UL update on AXTG listings indicating last change and update on 6/23/09:
http://database.ul.com/cgi-bin/XYV/template/LISEXT/1FRAME/showpage.html?name=FKVS.E236937&ccnshorttitle=Fluorescent+Lamp+Ballasts&objid=1076672342&cfgid=1073741824&version=versionless&parent_id=1073986671&sequence=1
Does not really say what this means, or whether it could be the awaited UL approval for new more advanced ballasts.
This morning's PR seems to up on virtually every service except YAHOO finance. But, there is a very interesting post on yahoo finance AXTG Board which claims that UL updated it's certifications for Axis on Tuesday 6/23/09, and asks if this is significant. Interesting point and post. I did not find anything on this, but it is an interesting question that bears watching.
I saw it as a press release posted by PR newswire no several services.
Energy Efficiency Consultant and Implementer, American Carrera Tech, Seeing Increase in Energy Audit Request for Proposals (RFP) With Axis Ballasts
RFP's Outstanding Include Total of 10,200 Axis Technologies' Ballast Units
June 25, 2009
Axis Technologies Group, Inc. (OTC: AXTG), a green technology designer, manufacturer and marketer of a proprietary line of energy saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry, announced today that American Carrera Tech has informed the company that a demonstrable increase in Requests for Proposals (RFP's) and design build projects which involve installation of Axis's daylight harvesting ballasts have been issued. To date, American Carrera is expecting responses to RFP's that include over 10,200 Axis ballasts.
American Carrera Tech CEO, Elliot Isban, said, "We have used other daylight harvesting ballasts in the past, but Axis' new product is far superior and much easier to implement into our projects because of its unique design. The previous systems did not monitor local conditions per luminare, so virtually most center core buildings with small offices were not easily retrofitted. Also, as you move farther away from the window, tuning the system became impossible. Axis Technologies' daylight harvesting ballasts solves these issues. American Carrera has included 10,200 Axis ballasts in energy audit projects recently proposed."
Mr. Isban continued, "Since we also integrate renewable energy systems such as photovoltaic solar systems, the Daylight Harvesting application goes hand in hand with solar energy production by minimizing demand during peak load times. Peak load demand most often correlates with hot and sunny days when air conditioning use soars. The value of both solar energy and daylight harvesting becomes obvious to both clients and utilities during peak load demand. The project becomes more cost effective to the client and therefore allows for a quicker return on investment. Since we are responsible for the performance of the energy saving measures installed, it is extremely important to use equipment with the proven reliability of Axis' products. And the inherent cost effectiveness of Axis's daylight harvesting solution over its competitors is a necessary attribute for our energy efficiency projects. We look forward to working very closely with Axis as we integrate their proprietary daylight harvesting solution into our future proposed projects."
To be included in the corporate e-mail database for company press releases and industry updates, please send an e-mail to ir@axistechnologyinc.com.
About American Carrera Tech (www.americancarreratech.com)
American Carrera Tech (ACT) and its renewable energy division American Solar & Alternative Power (ASAP) provides clients with a comprehensive energy audit through a thorough survey of the clients' facilities, including existing equipment, usage patterns, and utility rates. American Carrera offers a complete energy efficient solution including managing the implementation from start to finish to ensure quality control and consistency. ACT also works closely with the utility or State agency to ensure clients get the biggest rebate possible in the shortest time by filing all analysis and paperwork and performing all monitoring and verification of energy savings required for receipt of the final rebate. American Carrera and (ASAP), also offers financing options that enables clients to move ahead with the project with no up-front costs including performance contracting, Light lease, and Power Purchase Agreement. Projects are designed to provide positive cash flow from the first month after implementation. American Carrera guarantees the equipment installed and the energy savings projected by American Carrera and the utility or State agency validation
About Axis Technologies, Inc. (www.axistechnologyinc.com)
This clearly does look like a true breakout, but let's see if it lasts.