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Those investors who make the effort can collect some good information on what is happening with HQNT's comeback now. However, as I have said before, I am not going to post any new information I have learned on these open message boards as the basher/shorts do not deserve anything for free. By the way, I just took a look at RB (which is nothing but a wasteland of BS as far as content is concerned). I was DISGUSTED to see that the HQNT bashers spent the entire weekend posting their garbage and making rabid attacks on anyone who tried to post anything other than HQNT bashing BS. Normal human beings spent the last few days looking for ways to help the hurricane Katrina victims. The HQNT basher/shorts spent virtually ALL their time looking for any BS words they could type out to try to harm this company and its investors. DISGUSTING.
Texas Physician Purchases His Second FONAR Upright MRI and Says, ``The Upright MRI Makes Me a Better Doctor for My Patients''
MELVILLE, N.Y.--(BUSINESS WIRE)--Sept. 1, 2005--FONAR Corporation (NASDAQ:FONR - News), The MRI Specialist(TM), announced today the sale of a second Upright(TM) MRI to Moshe Allon, M.D. Dr. Allon, a prominent Texas Neurologist and Specialist in Pain Management, said, "The addition of a second FONAR Upright(TM) MRI (Stand-Up(TM) MRI) to my practice is an obvious choice because of its huge benefit to patient care. It helps me to be a better physician." One out of three customers are repeat buyers of the Upright(TM) MRI.
"For more than a decade I have referred patients to MRIs as part of my practice," said Dr. Allon. "While the images were always magnificent, they only scanned my patients comfortably lying down on their back. From speaking with many patients and looking at the images, I always suspected that something was missing in a recumbent-only MRI."
"Now we have seen a revolution in magnet design that makes Position(TM) Imaging (pMRI(TM)) possible," continued Dr. Allon. "I have owned my first Upright(TM) MRI for over 2 years, but from the very beginning I could see how this MRI would most certainly help my patients. This new technology allows the patient to be imaged in the position necessary to provide the most accurate assessment of their problem and make the most accurate diagnosis."
"I ask my patients to be a little uncomfortable and be scanned in the position closest to the position that produces pain but just sort of the position that actually engenders the pain. By this means we are able to obtain the most COMPLETE picture of their injury," added Dr. Allon. "When doing a spine study, we usually scan them in the Upright(TM) neutral position, in the flexion position, in the extension position and often in the lateral bending position. This allows me to make a far more comprehensive and accurate evaluation of my patient's condition than is possible with a recumbent only MRI, and enables me to prescribe and execute more effective treatment."
"Let me give you an example," continued Dr. Allon. "I performed a lumbar scan on a patient in the Upright(TM) neutral position, in the Upright(TM) flexion position and in the Upright(TM) extension position and found substantial pathology on the images. The patient went to a surgeon who was unfamiliar with the benefits of Upright(TM) imaging in visualizing the pathology of the patient with back pain. He sent the patient to a modern 1.5 Tesla MRI for a second look. The images from the 1.5 T MRI were fine but they showed very little pathology. The surgeon compared the pathology visualized on the Upright(TM) MRI with the 1.5 T images that didn't "see it." The surgeon proceeded with surgery directed at correcting the pathology visualized by the Upright(TM) weight-bearing scans and achieved a successful surgical result and a healed patient. This is why I am able to say that the Upright(TM) MRI makes me a better doctor for my patients."
"The surgeon now sends me patients regularly because the Upright(TM) MRI has given him better surgical outcomes for his patients," explained Dr. Allon. "It doesn't matter if the recumbent MRI is 1.5 Tesla, 10 Tesla or 100 Tesla. If the Upright(TM) weight-loading in the patient's customary physiologic position is necessary to provoke the disk herniation responsible for the patient's pain and make it visible, no amount of magnetic field will make it herniate so it can be seen. If the surgeon can't see it, he can't fix it. Only in the Upright(TM) MRI can you see the complete pathology that is often missed in the recumbent-only scanner."
"There are many compelling reasons why I purchased a second Upright(TM) MRI," continued Dr. Allon. "I see lots of patients on a daily basis. With the Upright(TM) MRI we do not miss the problem. We scan them in their "near-pain" position. We see the true picture. We tell the patient if we don't see the nerve impingement, they don't have it. This helps the person to seek the best treatment or the best alternative so he can move forward with his life."
The Stand-Up MRI of Clear Lake is located at 1202 Nasa Parkway, Nassau Bay, Texas, telephone (281) 335-0505. For ten years Dr. Allon has been in practice at The Neurology, Headache and Pain Control Center, located at 1234 Nasa Parkway, Nassau Bay, Texas. These practices are on the east side of the greater Houston area and Dr. Allon wishes to serve his patients on the west side of Houston where his second Upright(TM) MRI center will be located. The Web site is: http://www.standupmriclk.com
About FONAR
FONAR was incorporated in 1978, making it the first, oldest and most experienced MRI manufacturer in the industry. FONAR introduced the world's first commercial MRI in 1980, and went public in 1981. Since its inception, we have installed nearly 300 MRI scanners worldwide. FONAR's stellar product line includes the Upright(TM) MRI (also known as the Stand-Up(TM) MRI), the only whole-body MRI that performs Position(TM) imaging (pMRI(TM)) and scans patients in numerous weight-bearing positions, i.e. standing, sitting, in flexion and extension, as well as the conventional lie-down position. The FONAR Upright(TM) MRI often sees the patient's problem that other scanners cannot because they are lie-down only. With over 100,000 patients scanned, the patient-friendly Upright(TM) MRI has a near zero claustrophobic rejection rate by patients. As a FONAR customer states, "If the patient is claustrophobic in this scanner, they'll be claustrophobic in my parking lot." Approximately 85% of patients are scanned sitting while they watch a 42" flat screen TV. Our latest MRI scanner is the FONAR 360(TM), a room-size recumbent scanner that optimizes openness while facilitating physician access to the patient. FONAR is headquartered on Long Island, New York, and has approximately 500 employees.
MRI Specialist, Stand-Up, Upright, Position, PMRI and The Proof is in the Picture are trademarks of FONAR.
Be sure to visit FONAR's Web site for Company product and investor information: http://www.fonar.com
Contact:
FONAR Corporation
Daniel Culver, 631-694-2929
Fax: 631-390-9540
www.fonar.com
or
Investor Relations:
Darrow Associates, Inc.
Jordan M. Darrow, 631-367-1866
Fax: 631-614-3612
jdarrow@optonline.net
Source: FONAR Corporation
My point is that the bashers always encourage selling even at the lowest points which, of course, is always the wrong thing to do. They are no friends of any honest investor no matter what song they try to sing. Their posts are filled with countless lies & distortions like when they were telling everyone that HQNT had lost the Rao case when in fact, the opposite was true. The only real value in looking at the bashers' posts is to note the volume and intensity. The more they squawk the more worried they are that HQNT investors are about to make profits. I expect a lot more squawking in the near future.
Any way you look at it, selling at the lows was, as always, the wrong thing to do. The bashers will always try to cajole frustrated longs into letting go when it LOOKS like nothing is happening. Then a positive announcement comes out and anyone who fell for the bashers' BS sees that they took a needless loss. Always remember, whatever the bashers are saying it is NEVER in the best interests of the real shareholders.
EOIR Technologies Awarded Development Contract to Detect Suicide Bomber Threats; Congressional Funding Provided for Joint Development Effort
BOSTON--(BUSINESS WIRE)----Markland Technologies, Inc. (OTC BB:MRKL.OB) and Technest Holdings, Inc. (OTC BB:TCNH.OB), defense and homeland security companies transforming advanced laboratory technology into real-world products, announced today that EOIR Technologies Inc. (www.eoir.com), a wholly owned subsidiary of Technest Holdings, Inc., has been awarded a contract by Thermal Matrix Inc. to develop a system of integrated remote sensing technologies to assist in the identification of suicide bombers.
This congressionally directed and funded program will be conducted as a joint development effort between the Night Vision and Electronic Sensors Directorate (NVESD) at Ft. Belvoir, VA, Thermal Matrix Inc. and EOIR Technologies Inc. The Army's NVESD research and development group is one of the U.S. military's most advanced technological leaders. The Army's NVESD has been responsible for numerous key innovations in the fields of optical electronics and thermal imaging for weapons targeting, electronic surveillance and other mission-critical military applications.
The results of this effort are envisioned to be an integration of remote sensing systems, which are presently under development, that will be able to detect various chemical and infra red signatures prior to an individual suicide bomber getting close enough to the intended target to do damage. The primary goal and objective for this development program is to have this innovative integrated remote detection system utilized by both the military and federal/municipal governments for homeland defense in the protection of high value installations and infrastructure targets and personnel both here in the United States and overseas in forward combat areas and high risk State Department facilities.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTC BB:TCNH.OB) is a provider of intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: www.homelanddefensestocks.com/Companies/MarklandTech/Default.asp
Markland Technologies http://www.marklandtech.com OR ECON Corporate Services Dawn Van Zant, 866-730-1151
08/29/2005 16:53 ET
© Business Wire 2005
Markland Technologies Reports Un-Audited Fiscal Year Results; Company Posts Revenues of $66.7M for the Year Ended June 30, 2005
BOSTON, Aug 25, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB - News) a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today its un-audited results for the company's fiscal year ending June 30, 2005.
Un-audited revenues for the year were $66,728,041 a significant increase over revenues for the corresponding period in 2004 of $6,013,930. Un-audited revenues for the fourth quarter were $20,703,255. This significant increase in year over year revenues is due almost entirely to the acquisition of EOIR Technologies Inc.
The un-audited operating loss for the year amounted to $17,023,208 compared to $10,150,866 for the prior year. This loss was affected by non-cash charges for the compensatory element of stock issuances and amortization of intangible assets and in process R & D resulting from our recent acquisitions. These non-cash charges amounted to $10,798,045. The un-audited net loss attributable to common shareholders after minority interests for the year ended June 30, 2005 was $29,049,471 or a loss of $0.38 per share compared to a loss of $15,095,461 or a loss of $1.39 per share in the corresponding period in 2004. This decrease in the loss per share is due to an increase in the weighted average number of shares outstanding to 75,721,755 from 10,872,049 for the period ending June 30, 2005. The non-cash charges included in the un-audited net loss attributable to common shareholders after minority interests for the year ended June 30, 2005 amounted to $22,077,214 compared with $10,962,184 for the corresponding period in 2004.
"The company finished the fiscal year in a very strong financial position with a funded backlog of over $54M and a cash balance of approximately $8M, " said Robert Tarini, Chairman and CEO of Markland Technologies Inc. " Our fiscal fourth quarter revenues were at a record high and we are achieving desired operational and product development synergies from our recent acquisition of Genex Technologies with those of EOIR Technologies. We have a skilled and dedicated work force with a significant base of proprietary cutting edge technology. We have a loyal and growing government customer base and we believe that we are well positioned to grow revenues in the present fiscal year. Given the current worldwide level of terrorist activity, and the challenges still facing our combat troops we are proud to be able to help develop the innovative solutions necessary to help solve these worldwide problems."
Investors are cautioned that these results are un-audited figures. Final audited figures will be made available in the company's 10K annual report when filed.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/ Default.asp
(Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SOURCE: Markland Technologies, Inc.
Markland Technologies
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
Copyright Business Wire 2005
You can always be assured of one thing, the motives of the stock bashers are to induce the real investors to draw the wrong conclusions and take to wrong action with their investments. Nothing they say should ever be considered sincere or even accurate. The endless amount of false, distorted and misleading comments the bashers have posted about HQNT makes their motives abundantly clear.
Genex Technologies Provides Innovative 3D Facial Recognition Biometrics to Homeland Security Marketplace; SureMatch(TM) 3D Suite of Innovative Facial Recognition Tools Provide Robust Detection Capabilities
BOSTON, Aug 25, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB - News) and Technest Holdings, Inc. (OTC BB:TCNH.OB - News), defense and homeland security companies transforming advanced laboratory technology into real-world products, announced today that Genex Technologies Inc. ( www.genextech.com) is providing new advanced capabilities to the global market for facial biometrics products via its integrated SureMatch ( TM ) 3D suite of facial recognition tools.
Presently the US government is depending on big improvements in biometric technologies as part of its homeland security strategy. For example biometrics is poised to play a key role in the US Visitor and Immigrant Status Indicator Technology program (USVISIT). The USVISIT program calls for the use of numerous technologies to better track foreigners entering and leaving the United States.
Facial biometrics offers the advantage of non intrusive identification of humans at a distance, non-cooperatively. Unlike finger prints or iris scan technologies, facial recognition can be performed in environments where passive identification of potential terrorists or criminals is required. Much of today's facial recognition technology has difficulty in providing sufficiently adequate performance because of the fundamental limitations of 2D technology. Pose, lighting, and expression have historically prevented 2D facial recognition from working well. The potential answer lies in 3D technology. Genex has addressed these problems by drawing upon its extensive research into 3D imaging and 2D-to-3D facial structure conversion.
SureMatch(TM) 3D is a suite of facial recognition tools that provides more robust detection capabilities through 3D enhancement. By partnering with leading biometrics companies, Genex has created a suite of facial recognition tools that provides both an enhancement for existing biometrics users and market-leading performance for new deployments. At the core Genex utilizes a recognition engine based upon next-generation 3D-to-3D face matching. The suite also has tools that allow seamless integration with existing 2D systems and databases to improve 2D facial recognition.
Robert Tarini, Markland Chairman and CEO stated, "We believe that SureMatch(TM) technology can be inserted into existing application areas such as federal and state issued photo ID's, military and federal facilities security systems and many domestic and international ports of entry. 3D technology will be key to over coming the present limitations of 2D facial recognition performance."
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTC BB:TCNH.OB - News), is a provider of intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/ Default.asp (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SOURCE: Markland Technologies, Inc.
Markland Technologies
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
Copyright Business Wire 2005
Why is anyone surprised when an obvious stock basher twists and distorts the FACTS to try to advance his negative agenda? Regardless, the bottom line is that HQNT has defeated the threat of the Rao litigation and it is no longer any concern.
Doug will ask for his real name and contact info. That should be no problem for someone with nothing to hide. However, shorts, naked shorts and others who are looking to cause harm to a company will not want to identify themselves so they will not call. Perhaps this is exactly why HQNT does not put some information into their press releases and I fully agree with the policy.
Res, so once again we see that the stock bashers of HQNT have been posting FALSE, DISTORTED and MISLEADING comments in their posts here and on other boards. The outcome of the Rao case was, in fact, positive for HQNT. No one should ever accept anything from the stock bashers just becasue they type it out on a message board.
Standard Holdings Group's Austrian Customer Triples Trading
MCLEAN, VA, Aug 23, 2005 (MARKET WIRE via COMTEX) -- Standard Holdings Group Ltd. (OTC: SNDH) announced that its new Austrian customer has just tripled its trading level with the Company's international currency exchange software. The customer is now trading $1.4 million with the software, a fact that may be interpreted as indicative of the customer's level of confidence in the product.
The customer is a currency-trading firm located in Graz, Austria, and the contract entitles Standard Holdings to a percentage of trading profits. The amount of revenue will depend upon the success of the system and the customer's adherence to it. Results will be reported quarterly.
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 Standard Holdings Group web site at http://www.standardholdingsgroup.com
Contact:
Standard Holdings Group Ltd.
703-821-3999
SOURCE: Standard Holdings Group Ltd.
Copyright 2005 Market Wire, All rights reserved.
SUBJECT CODE: Computers and Software:Software
Financial Services:Investment Services and Trading
Financial Services:Venture Capital
Professional Services:Other Professional Services
Standard Holdings Group's Austrian Customer Triples Trading
MCLEAN, VA, Aug 23, 2005 (MARKET WIRE via COMTEX) -- Standard Holdings Group Ltd. (OTC: SNDH) announced that its new Austrian customer has just tripled its trading level with the Company's international currency exchange software. The customer is now trading $1.4 million with the software, a fact that may be interpreted as indicative of the customer's level of confidence in the product.
The customer is a currency-trading firm located in Graz, Austria, and the contract entitles Standard Holdings to a percentage of trading profits. The amount of revenue will depend upon the success of the system and the customer's adherence to it. Results will be reported quarterly.
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 Standard Holdings Group web site at http://www.standardholdingsgroup.com
Contact:
Standard Holdings Group Ltd.
703-821-3999
SOURCE: Standard Holdings Group Ltd.
Copyright 2005 Market Wire, All rights reserved.
SUBJECT CODE: Computers and Software:Software
Financial Services:Investment Services and Trading
Financial Services:Venture Capital
Professional Services:Other Professional Services
Transportation Security Specialist Joins Bulldog Technologies Team
John W. Lavers Appointed to Bulldog's Advisory Board
RICHMOND, British Columbia, Aug 23, 2005 (PRIMEZONE via COMTEX) -- Bulldog Technologies Inc. ( BLLD ), a leading provider of wireless security solutions and sensor networks that monitor, track and secure assets in the supply chain, announced today the appointment of John W. Lavers to Bulldog's Advisory Board to create, develop and enhance efforts of supply chain security with foreign governmental organizations.
Mr. Lavers will effectively join Bulldog's Advisory Board on September 1, 2005. He will be responsible for focusing the strategy and building the supporting organization to identify and develop Federal opportunities for Homeland Security, borders and port security initiatives of foreign governments.
Beginning in 2003, Mr. Lavers developed the National Marine Security Operations Program for the Government of Canada. As well as implementing national security objectives, he has been actively involved in the ongoing maritime and border security initiatives that have received focused attention since September 11th. Recent media reports have highlighted the security concerns of Federal officials with the over 6 million containers that move into U.S. ports on a yearly basis. It is estimated that less than 2% of those containers are checked for potential weapons of mass destruction or other security hazards. Mr. Lavers will be responsible for developing programs that position Bulldog Technologies security solutions to the federal and government marketplace. Bulldog seeks to gain a share of the over $20 billion dollars spent on security programs such as the Container Security Initiative and other programs as identified by the Department of Homeland Security.
"John Lavers brings to Bulldog a comprehensive knowledge and application of the transportation security industry required to identify opportunities in growth and emerging foreign markets. Each year billions are spent by federal agencies on container, border and supply chain security. It will be Mr. Laver's responsibility to identify those opportunities to Bulldog Technologies," said John Cockburn, President and CEO of Bulldog Technologies.
In addition to his extensive government and security experience, Mr. Lavers is preparing to undertake doctorial study in the field of national security. He currently holds a Master of Arts Degree in Police and Criminal Justice Studies from the University of Exeter in the United Kingdom. Additionally, his background includes a Bachelor of Arts in Military History and a program certificate for Investigative Analysis from the Canadian Police College.
"I am excited by the opportunity with Bulldog Technologies. Bulldog's products are critical to meet the security objectives as set forth by federal and governmental initiatives," said Lavers. "Bulldog has developed state of the art technology and those solutions are a major weapon in the fight against terrorism."
About Bulldog Technologies
Bulldog Technologies Inc. is a leading provider of wireless security solutions and sensor networks. The Company researches, develops, and manufactures real-time, comprehensive monitoring, intrusion detection, covert asset recovery and tracking BOSS(tm) (Bulldog Online Security Solution) devices and solutions for use in the supply chain, focusing on the cargo transportation and storage industry.
Bulldog's solutions allow dispatchers, security personnel, law enforcement and loss prevention professionals, emergency response teams and cargo transport drivers to monitor, track and secure valuable cargo during the transport, storage and delivery supply chain process.
For further information, visit Bulldog on the Web at http://www.bulldog-tech.com
SOURCE: Bulldog Technologies, Inc.
Bulldog Technologies Inc.
Press Contact
Jan Roscovich
(604) 271-8656
Email: jroscovich@bulldog-tech.com
Investor Relations
KCSA Worldwide
Todd Fromer / Michael Cimini
(212) 896-1215 / (212) 896-1233
Email: tfromer@kcsa.com / mcimini@kcsa.com
(C) 2005 PRIMEZONE, All rights reserved.
U.S. Army's Night Vision and Electronic Sensors Directorate Awards EOIR Inc. $1.3 Million in New Contracts; Recent Awards Made to EOIR Since July 15, 2005 Now Total $9.2M
BOSTON, Aug 23, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB) and Technest Holdings, Inc. (OTC BB:TCNH.OB), defense and homeland security companies transforming advanced laboratory technology into real-world products, announced today that the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded subsidiary EOIR Technologies Inc. new orders for technology products and services totaling $1.3 million. These new orders were for direct support of combat and anti-terrorism activities in Iraq. Robert Tarini, Chairman and CEO of Markland, made the announcement.
The Army's NVESD research and development group is one of the U.S. military's most advanced technological leaders. Markland is working on a range of next-generation technology solutions for the NVESD, including night vision and advanced sensor applications, disposable sensors and other threat-detection systems.
The $1.3 million in new orders come under an NVESD omnibus contract. The omnibus contract Option Year Four was awarded on July 15, 2005. Since that date EOIR Technologies Inc. omnibus contract awards have totaled $9.2 million.
The ongoing Omnibus contract may provide a maximum ceiling amount of up to $80 million in fiscal year revenues. Many of the products and services being delivered on this contract utilize next-generation electro-optic and infrared sensor technologies that are being used in direct support of U.S. military combat operations in Iraq, Afghanistan and elsewhere. The Army's NVESD has been responsible for numerous key innovations in the fields of optical electronics and thermal imaging for weapons targeting, electronic surveillance and other mission-critical military applications.
Robert Tarini, Markland Chairman and CEO stated, "We are extremely pleased with the contract awards that we have received to date in this fiscal year. With over $9M in new orders within the last month we believe that this fiscal year will result in an appreciable increase in contract awards and sales revenues on a fiscal year basis."
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTC BB:TCNH.OB - News), is a provider of intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/ Default.asp (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
The ECON Investor Relations Inc. logo is available at: http://media.primezone.com/prs/single/?pkgid=350.
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at http://www.primezone.com/hs.
SOURCE: Markland Technologies, Inc.
Markland Technologies
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
Copyright Business Wire 2005
IDSI Expands Into South Korea
New Distributor Plans to Install CT Laser Mammography System
FORT LAUDERDALE, Fla., Aug 22, 2005 /PRNewswire-FirstCall via COMTEX/ -- Imaging Diagnostic Systems, Inc., ( IMDS ) announced today the appointment of LeoMedics Co., Ltd. as the exclusive distributor of CT Laser Mammography (CTLM(R)) in South Korea. LeoMedics intends to install a CTLM system before the end of the year to promote the new technology in the region.
"We are very pleased to announce LeoMedics as our distributor. LeoMedics has a history of excellent customer service and a broad medical product line. LeoMedics is a distributor for Philips Medical Systems, International Technidyne Corp., Rigel Medical, Ltd., MIPM GmbH, and Elltec Co., Ltd. Their business model supports the expansion of their medical product line into breast imaging via our revolutionary technology," said Mr. Janusz Ostrowski, IDSI Vice President of International Sales. "We expect them to establish a CTLM clinical site very soon."
South Korea is a prosperous country with a well-established health care system and distinguished research institutions. With a population approaching 50 million, South Korea faces the challenges of screening for and diagnosing breast cancer. Breast cancer is one of the most prevalent types of cancer for women in South Korea, with the number of deaths from the disease increasing annually.
"After researching the CTLM market potential and visiting the IDSI factory, we were very happy to sign an exclusive distribution contract. Korea has 970 hospitals and thousands of medical clinics. Mammography systems account for 7% of the general imaging market, almost $10 million USD. LeoMedics' turnover grew 84% in 2004; we are expecting more than 20% growth this year. The CTLM should help us grow rapidly because it is the first of its kind, a diagnostic device that utilizes laser technology in Diagnostic Imaging. We are very excited to be the company that will introduce this innovative technology to South Korea," Mr. Hi-Je Yun, LeoMedics Director of Marketing, stated.
The CTLM(R) system is the first patented breast imaging system that utilizes state-of-the-art laser technology and patented algorithms to create 3-D cross-sectional images of the breast. It is a non-invasive, painless examination that does not expose the patient to radiation or require breast compression. Imaging Diagnostic Systems has received CE Marking, CMDCAS (Canada), Canadian License, China SFDA approval, UL listing, ISO 9001:2000-13488 certification and FDA export certification for its CT Laser Breast Imaging system. The Company is seeking PreMarket Approval (PMA) from the Food and Drug Administration (FDA) for its CTLM(R) system to be used as an adjunct to mammography.
Please visit Imaging Diagnostic Systems' website at: http://www.imds.com for additional information.
Rick Lutz
404-261-1196
lcgroup@mindspring.com
SOURCE Imaging Diagnostic Systems, Inc.
Rick Lutz, Imaging Diagnostic Systems, +1-404-261-1196, or lcgroup@mindspring.com
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Markland Announces Corporate Reorganization and Declares $10M Stock Dividend of Its Technest Holdings Inc. Stock
BOSTON, Aug 17, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB) ( http://www.marklandtech.com),a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today its majority-owned subsidiary, Technest Holdings, Inc. (OTC BB: TCNH.OB), acquired all of the outstanding stock of Markland's wholly owned subsidiary, EOIR Technologies Inc. Pursuant to this transaction, EOIR became a wholly-owned subsidiary of Technest. As consideration for this reorganization, Technest issued to Markland 12 million additional shares of Technest common stock. After giving effect to the reorganization, Markland's ownership of Technest on a primary basis increased from 85% to approximately 98% and on a fully diluted basis (assuming the conversion of all of Technest's fixed price convertible securities and the exercise of all warrants to purchase Technest common stock) increased from 39% to approximately 82%. Markland's total holdings of Technest common stock will increase to approximately 14 million shares.
In connection with the reorganization, Markland has declared a stock dividend of $10 million worth of shares of Technest common stock that it currently owns, up to a maximum of 2.5 million shares of Technest common stock. The record date for the stock dividend is May 1, 2006 and the distribution date for the stock dividend is July 5, 2006. The actual number of shares of Technest common stock to be distributed will be calculated based on a per share price equal to the average closing price of the Technest Stock as reported by the National Association of Securities Dealers Automatic Quotations service for the ten trading days ending June 30, 2006. However in no event shall the number of shares of the Technest common stock distributed exceed 2.5 million nor will Markland deliver fractional shares of the Technest common stock.
Robert Tarini, Markland Chairman and CEO stated, "Due to Markland's current equity structure, we believe that the company's stock is undervalued. We have undertaken this reorganization and the $10 million Technest stock dividend in an effort to allow the market and our stockholders to capture what we believe to be the company's real market value. We have worked very hard to try to re-negotiate with the holders of our convertible notes and Series D preferred securities to institute conversion floor prices and other changes which would be beneficial to Markland common stock shareholders. Management efforts in this regard will continue. Management will also be contemplating future additional distributions of Technest Holdings Inc. stock to Markland common shareholders. We presently have approximately 14M shares of Technest Holdings Inc common stock which as of yesterday's market close was priced at $14 per share. This is a market capitalization figure which we believe much more accurately reflects the true value of this corporate enterprise and it is management's intention to return as much of this value as we can to Markland common shareholders over time."
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
About Technest Holdings, Inc.
Technest Holdings, Inc. (OTC BB:TCNH.OB - News), is a provider of intelligent surveillance and advanced 3D imaging technology solutions to the defense and homeland security marketplaces. Technest is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. Technest's solutions support military, law enforcement and homeland security personnel. Through strategic development, Technest focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here:
www.homelanddefensestocks.com/Companies/MarklandTech/Default.asp
More information on Homeland Security issues, including news releases, events and experts available for comment, can be found on the Homeland Security Newsline at http://www.primezone.com/hs
SOURCE: Markland Technologies, Inc.
Markland Technologies
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
dvanzant@investorideas.com
Copyright Business Wire 2005
Bulldog Technologies Announces Successful Completion of MiniBOSS Pilot Programs
Major Marketing and Sales Expansion Underway
RICHMOND, British Columbia, Aug 17, 2005 (PRIMEZONE via COMTEX) -- Bulldog Technologies Inc. ( BLLD ), a leading provider of wireless security solutions and sensor networks that monitor, track and secure assets in the supply chain, announced today the successful completion of pilot programs for the MiniBOSS(tm) covert security application. The trials were conducted over the last two months and involved in-depth testing of the solution with Fortune 500 companies in the pharmaceutical, retail and hi-tech industries.
Customer demand for the product has been overwhelming. The initial trials for the products have proven the benefits of the functionality and the value proposition for the customer. The products were tested over the last two months in cargo shipments across the United States. These pilots have been critical to Bulldog in proving concept reliability and price acceptance in the marketplace. Unit costs including airtime were discussed prior to commencement of pilots.
MiniBOSS(tm) Covert Security Solution
The MiniBOSS(tm) was tested on loads running coast to coast across major U.S. shipping corridors. The device was tested in multiple locations of the cargo shipment, from underneath a pallet of pharmaceuticals to the inside of cigarette boxes, and the device exceeded all expectations of the customers. Additionally, the MiniBOSS(tm) was placed on commercial delivery and package carriers and was easily able to provide detailed mapping of routes and locations of valuable cargo from inside the delivery vehicles.
Marketing and Sales Expansion Underway
Based on the success of these trials, Bulldog Technologies has embarked on a targeted marketing campaign focused on trade shows and industry publications. Bulldog will focus marketing to key clients through three major trade shows, National Retail Federation (NRF) Loss Prevention, Healthcare Distribution Management Association (HDMA -- Pharmaceuticals) and the International Cargo Security Council (ICSC). Additionally, advertising will be positioned in various trade publications including, Integrated Solutions for Retailers/Wireless, MARNews, Cargo Security International, SmartBrief, Inbound Logistics and DC Velocity.
Key sales personnel are being hired to meet current demand. The sales force will consist of regional direct sales managers focused on large corporate accounts. The sales teams will call on the key vertical market customers (retail, pharmaceuticals and high-tech) that Bulldog is pursuing.
Closing Current Opportunities
"The MiniBOSS(tm) has performed spectacularly from the inside of cargo transportation vehicles while embedded in valuable cargo. The pilot programs have tested the functionality and we are in the final stages of negotiating with our current customers," stated Richard Booth, Vice President of Sales and Marketing. "The MiniBOSS(tm) has proven to be a new and unique weapon to covertly fight cargo theft and above all has proven, without a doubt, its total uniqueness in securing cargo," affirmed Booth.
About Bulldog Technologies
Bulldog Technologies, Inc., a leading provider of wireless security solutions and sensor networks, researches, develops, and manufactures real-time, comprehensive monitoring, intrusion detection, covert asset recovery and tracking BOSS(tm) (Bulldog Online Security Solution) devices and solutions for use in the supply chain focusing on the cargo transportation and storage industry. Bulldog's solutions allow dispatchers, security personnel, law enforcement and loss prevention professionals, emergency response teams and cargo transport drivers to monitor, track and secure valuable assets/cargo during the transport, storage and delivery supply chain process
For further information, visit Bulldog on the Web at http://www.bulldog-tech.com
SOURCE: Bulldog Technologies, Inc.
KCSA Worldwide
Investor Relations:
Todd Fromer / Michael Cimini
Email: tfromer@kcsa.com / mcimini@kcsa.com
(212) 896-1215 / (212) 896-1233
Press:
Bulldog Technologies Inc.
Jan Roscovich
(604) 271-8656
Email: jroscovich@bulldog-tech.com
(C) 2005 PRIMEZONE, All rights reserved.
Just a little comment. I do not think your assumptions are at all correct based on my information. Also, I am not willing to discuss this matter in detail on this board where the bashers can read. We will all see what DC has planned out when he is ready. I can wait.
Vasomedical Reports Fourth Quarter Fiscal 2005 Financial Results; Conference Call to be Held Today at 4:30 ET
WESTBURY, N.Y., Aug 16, 2005 (BUSINESS WIRE) -- Vasomedical, Inc. ( VASO ), a leader in the noninvasive treatment and management of cardiovascular diseases, today announced financial results for the three and twelve months ended May 31, 2005.
For the fourth quarter of fiscal 2005, Vasomedical recorded total revenues of $3.8 million, compared with total revenues of $5.9 million for the fourth quarter of fiscal 2004. The Company reported a net loss for the fourth quarter of fiscal 2005 of $1.0 million, or $0.02 per share, compared with a net loss of $0.8 million, or $0.01 per share, in the year-ago quarter.
Thomas Glover, president and chief executive officer of Vasomedical, commented, "Although our results compare unfavorably to the prior fiscal year quarter, we are encouraged with this past quarter's performance, as we grew our revenue from $2.9 million in the third quarter of fiscal 2005. This represents a 30% increase from the previous quarter and a reversal of the declining revenues we have experienced over the last several quarters. Since it is our stated objective to achieve profitability in large part by growing revenue, we were very pleased to see this sequential growth trend."
"Our progress was also measured in other tangible ways during the past few months. On June 22, we announced that our application for the expansion of national Medicare reimbursement coverage for EECP(R) therapy was accepted for review by CMS (Centers for Medicare and Medicaid Services). A favorable decision by CMS will provide Medicare reimbursement of EECP therapy for congestive heart failure as a primary indication as well as coverage for less severe angina. This was a critical milestone for us and we anticipate a preliminary coverage decision from CMS by December 20, 2005 and a final coverage decision by March 20, 2006. As part of the review process, CMS initiated a public comment period, now completed, which generated nearly 90 letters to CMS from providers, physicians, nurses, health care administrators and patients. We were encouraged to see that virtually all of these letters spoke of the benefits and positive results achieved with EECP therapy and advocated expansion of reimbursement coverage."
Total revenues for fiscal 2005 were $15.1 million, compared with $22.2 million for fiscal 2004. The decline in equipment sales was due primarily to a decrease in domestic units shipped, a 5% decrease in the average sales prices of new EECP systems sold in the domestic market and an unfavorable product mix reflecting a higher portion of used versus new equipment shipments. The revenue decline from domestic equipment sales was partially offset by a 23% increase in revenue from equipment rental and services for the year ended May 31, 2005, as compared with the prior year. The net loss for the twelve months ended May 31, 2005 was $5.6 million, or $0.10 per share, compared with a net loss of $3.4 million, or $0.06 per share, for the twelve months ended May 31, 2004.
Cash, cash equivalents and certificates of deposit at May 31, 2005 were $2.7 million, compared with $7.5 million at May 31, 2004.
Conference Call
The Company will host a conference call to discuss these financial results today beginning at 4:30 p.m. Eastern Time. To participate in the live call by telephone, please dial (800) 639-0297 from the U.S., or (706) 634-7417 from outside the U.S. A telephone replay will be available until 11:59 p.m. Eastern Time on August 18, 2005, by dialing (800) 642-1687 from the U.S. or (706) 645-9291 for international callers and entering passcode 8513387.
Those interested in listening to the conference call live via the Internet may do so by visiting the Company's web site at www.vasomedical.com, under the investor relations tab. The webcast will be archived for 30 days.
About EECP(R)Therapy
EECP external counterpulsation therapy is typically given in 35 one-hour sessions over seven weeks. Patients recline on a contoured treatment table and their calves, lower thighs and upper thighs are wrapped in a pneumatic cuff set. The system, which is synchronized to the individual patient's cardiac cycle, inflates the cuffs with air to create external pressure when the heart is resting and deflates the cuffs just before the next heartbeat. The system's action, which pulses counter to the heart's beating, increases blood flow to the heart muscle and other organs and decreases the heart's workload, creating a greater oxygen supply for the heart muscle while lowering its need for oxygen.
About Vasomedical, Inc.
Vasomedical, Inc. is primarily engaged in designing, manufacturing, marketing and supporting EECP external counterpulsation systems based on the Company's unique proprietary technology. EECP therapy is a noninvasive, outpatient therapy for the treatment of diseases of the cardiovascular system currently indicated for use in cases of stable or unstable angina, congestive heart failure, acute myocardial infarction and cardiogenic shock. The therapy serves to increase circulation in areas of the heart with less than adequate blood supply and may restore systemic vascular function. The Company provides hospitals, clinics and private practices with EECP equipment, treatment guidance and a staff training and equipment maintenance program designed to provide optimal patient outcomes. Additional information is available on the Company's website at http://www.vasomedical.com. EECP is a registered trademark for Vasomedical's enhanced external counterpulsation systems.
CONSOLIDATED CONDENSED BALANCE SHEETS
(in thousands, except per share amounts)
May 31, May 31,
2005 2004
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 990 $ 6,365
Certificates of deposit 1,758 1,181
Accounts receivable, net of an allowance for
doubtful accounts of $395 and $699 at May 31,
2005 and 2004, respectively 1,892 5,522
Inventories, net 3,360 2,374
Other current assets 224 272
-------- --------
Total current assets 8,224 15,714
PROPERTY AND EQUIPMENT, net of accumulated
depreciation of $2,627 and $2,379 at May 31,
2005 and 2004, respectively 2,234 2,431
DEFERRED INCOME TAXES 14,582 14,582
OTHER ASSETS 321 297
-------- --------
$ 25,361 $ 33,024
======== ========
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable and accrued expenses $ 1,569 $ 2,972
Current maturities of long-term debt and notes
payable 148 137
Sales tax payable 217 353
Deferred revenue 1,667 1,735
Accrued warranty and customer support expenses 111 162
Accrued professional fees 401 242
Accrued commissions 178 341
-------- --------
Total current liabilities 4,291 5,942
LONG-TERM DEBT 948 1,093
ACCRUED WARRANTY COSTS 8 83
DEFERRED REVENUE 884 1,112
OTHER LIABILITIES 67 200
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY
Preferred stock, $.01 par value; 1,000 shares
authorized; none issued and outstanding -- --
Common stock, $.001 par value; 110,000 shares
authorized; 58,553 and 58,419 shares at May
31, 2005 and 2004, respectively, issued and
outstanding 58 58
Additional paid-in capital 51,451 51,320
Accumulated deficit (32,346) (26,784)
-------- --------
Total stockholders' equity 19,163 24,594
-------- --------
$ 25,361 $ 33,024
======== ========
Vasomedical, Inc. and Subsidiaries
CONSOLIDATED CONDENSED STATEMENTS OF EARNINGS
(in thousands, except per share amounts)
(unaudited)
Twelve Months Ended Three Months Ended
------------------- ------------------
May 31, May 31, May 31, May 31,
2005 2004 2005 2004
--------- --------- --------- --------
Revenues
Equipment sales $ 11,517 $ 19,303 $ 2,888 $ 5,156
Equipment rentals and
services 3,579 2,904 960 771
-------- -------- -------- -------
$ 15,096 $ 22,207 $ 3,848 $ 5,927
Cost of sales and services
Cost of sales, equipment 4,224 6,309 1,188 1,692
Cost of equipment rentals and
services 1,281 1,281 316 332
-------- -------- -------- -------
5,505 7,590 1,504 2,024
-------- -------- -------- -------
Gross Profit 9,591 14,617 2,344 3,903
Expenses
Selling, general and
administrative 12,007 12,911 2,918 3,693
Research and development 3,064 3,748 543 751
Provision for doubtful
accounts 11 1,297 (124) 150
Interest expense and
financing costs 105 132 20 31
Interest and other income,
net (74) (99) (22) 16
-------- -------- -------- -------
15,113 17,989 3,335 4,641
-------- -------- -------- -------
LOSS BEFORE INCOME TAXES (5,522) (3,372) (991) (738)
Income tax expense, net (40) (51) (10) (21)
-------- -------- -------- -------
NET LOSS ($5,562) ($3,423) ($1,001) ($759)
======== ======== ======== =======
Net loss per common share
- basic ($0.10) ($0.06) ($0.02) ($0.01)
======== ======== ======== =======
- diluted ($0.10) ($0.06) ($0.02) ($0.01)
======== ======== ======== =======
Weighted average common shares
outstanding
- basic 58,548 57,982 58,553 58,384
======== ======== ======== =======
- diluted 58,548 57,982 58,553 58,384
======== ======== ======== =======
REVENUES BY GEOGRAPHIC REGION
United States business $ 13,673 $ 21,339 $ 3,102 $ 5,714
Non-domestic business 1,423 868 746 213
-------- -------- -------- -------
Total $ 15,096 $ 22,207 $ 3,848 $ 5,927
======== ======== ======== =======
SOURCE: Vasomedical, Inc.
Vasomedical, Inc.
Thomas W. Fry, 516-997-4600
investorrelations@vasomedical.com
or
Lippert/Heilshorn & Associates, Inc.
Kim Sutton Golodetz, 212-838-3777
kgolodetz@lhai.com
Bruce Voss, 310-691-7100
bvoss@lhai.com
Copyright Business Wire 2005
instaCare Reports Second Quarter Financial Results
NEW YORK, Aug 16, 2005 (BUSINESS WIRE) -- instaCare Corp. ( INCA ):
-- Revenues Up Substantially in Second Quarter
-- Operating Loss Narrows as Prescription Diagnostics Business Comes On-Line
-- Company Reports that Problems With Former Director Lowered Revenue by approximately $2.3 million in Second Quarter
instaCare Corp. ( INCA ), a Wi-Fi PDA technology provider to the lodging and satellite media industries, the developer of patent-pending technologies for e-health and EMR applications and the distributor of life-saving prescription drugs, today announced that revenues for the second quarter ending June 30, 2005 were $1,070,848, up significantly from $57,550 in the same quarter a year ago. Revenues were derived primarily from sales of prescription diagnostics and increased sales of the company's ResidenceWare lodging networks.
Total expenses for the second quarter of 2005 were $565,188, down 43% from $990,403 for the second quarter of 2004. Lower expenses were due to a reduction in costs to outside service providers due primarily to the closing of instaCare's acquisition of CareGeneration. The company reported an operating loss, before one time expenses and charges of $(355,492), and a net loss of $(818,021), or $(0.0) per basic and diluted shares for the second quarter ending June 30, 2005, compared with a net loss of $(1,036,099) for the prior year quarter, or $(0.01) per basic and fully diluted share.
Revenues for the six months ended June 30, 2005 were $3,170,238, compared with revenues of $112,942, for the first six months ended June 30, 2004. The increase was primarily attributed to the company's expanding prescription diagnostics business. Total expenses for the first six months of 2005 were $1,760,494, down 15% from total expenses of $2,068,103 for the first six months of 2004. instaCare reported a net loss of $(2,232,800), or $(0.01) per basic and fully diluted share, for the first two quarters of 2005, compared with a net loss of $2,792,849, or $(0.02) per basic and fully diluted share for the first two quarters of 2004.
instaCare had cash and equivalents of $1,466,721 as of June 30, 2005.
Robert Cox, chief executive officer of instaCare, stated, "We are very pleased at the progress we have made over the previous year. This demonstrates the growth potential of the key drivers of our business particularly the sales of prescription diagnostics. The growth in second quarter 2005 would have been even more dramatic had it not been for extenuating circumstances involving a former director. Nevertheless, we are encouraged by the traction we have gained thus far in our prescription drug distribution business and we expect to gain further visibility on the business in upcoming quarters."
The company also reported that on June 2, 2005 the company engaged special counsel to investigate irregularities on the part of Ronald Kelly, who was then a member of its Board of Directors, and others. The initial part of this investigation was concluded on June 10, 2005. As a result of the investigation Mr. Kelly was removed from the Board of Directors and approximately 10 days later he tendered his resignation, without explanation.
As a consequence of these irregularities the company brought suit against Mr. Kelly, and others, on July 6, 2005. The company estimates that due to the actions of Mr. Kelly et al. that during the period ended June 30, 2005, sales of approximately $2.3 million were either lost or deferred, $70,130 in income is known to have been converted, and an additional approximately $178,000 is suspected to have been converted.
About instaCare Corp.
instaCare Corp. is an emerging fulfillment provider of prescription drugs through several profitable and opportunity laden medical distribution channels. The company is also a leading provider of Internet-enhanced PDA devices applicable to healthcare, lodging, and satellite rebroadcast industries. Its proprietary ResidenceWare, MD@Hand and Satelink, technologies manage critical data, enhance productivity and e-commerce, and facilitate communication with applications in the healthcare, apartment, hotel/motel and satellite rebroadcast industries.
For further information, visit the company's Web Site: http://www.instacare.net or http://www.caredecision.net
InstaCare Corp.
(formerly CareDecision Corporation)
Consolidated Statements of Operations
(unaudited)
(unaudited) (unaudited)
For the three months ended For the six months ended
June 30, June 30,
----------------------------------------------------
2005 2004 2005 2004
----------------------------------------------------
Revenue, net $ 1,070,848 $ 57,550 $ 3,170,238 $ 112,942
Cost of sales 861,152 - 2,763,893 -
----------------------------------------------------
Gross profit 209,696 57,550 406,345 112,942
----------------------------------------------------
Expenses:
Hardware costs 32,889 89,793 42,964 89,793
General &
administrative
expenses 137,740 49,228 312,676 108,310
Payroll expense 226,009 84,405 482,878 164,945
Professional fees (55,591) - 223,027 293,855
Stock-based
compensation for
employee benefits - - 115,290
Stock-based
compensation for
professional fees 96,000 55,325 96,000
Stock-based
compensation for
consulting
services 115,005 503,400 461,385 988,519
Software
development - 16,667 - 86,308
Impairment loss
on operating
assets - 166,955 - 278,428
Depreciation 13,136 24,630 26,274 57,945
----------------------------------------------------
Total expenses 565,188 990,403 1,760,494 2,068,103
----------------------------------------------------
Net operating
(loss) (355,492) (932,853) (1,354,149) (1,955,161)
Other income
(expense):
Loss on
settlement (169,768) (60,000) (169,768) (377,136)
Loss - related
party (70,130) - (70,130) -
Interest income 5,485 1,004 9,016 1,004
Merger expenses (142,617) - (142,617)
Financing costs - - (441,083) (408,255)
Interest expense (85,500) (44,250) (134,199) (53,301)
----------------------------------------------------
Net (loss) $ (818,021) $(1,036,099) (2,232,800) (2,792,849)
====================================================
Weighted average
number of common
shares
outstanding -
basic and fully
diluted 459,323,934 194,072,729 428,998,969 166,246,108
====================================================
Net (loss) per
share - basic
and fully
diluted $ (0.00) $ (0.01) (0.01) (0.02)
====================================================
InstaCare Corp.
(formerly CareDecision Corporation)
Consolidated Balance Sheet
(unaudited)
(unaudited)
June 30,
2005
Assets
Current assets:
Cash and equivalents $ 1,466,721
Accounts receivable 256,053
Inventory 48,434
Prepaid compensation 110,670
Notes receivable 214,444
-----------
Total current assets 2,096,322
------------
Fixed assets, net 157,277
Other assets:
Goodwill -
Total other assets 72,417
-----------
2,326,015
===========
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable 49
Convertible note payable 1,100,088
-----------
Total current liabilities 1,100,137
-----------
Stockholders' equity:
Preferred series "A" stock, $0.001 par value,
750,000 shares authorized, 207,526 shares issued
and outstanding 208
Preferred series "B" stock, $0.001 par value,
500,000 shares authorized, none issued and
outstanding -
Preferred series "C" stock, $0.001 par value, 20,000
shares authorized, 20,000 shares issued and
outstanding 20
Preferred series "D" stock, $0.001 par value,
750,000 shares authorized, none issued and outstanding
Common stock, $0.001 par value, 1,200,000,000 shares
authorized, 488,777,249 shares issued and outstanding 488,777
Additional paid-in capital 13,163,363
Current year accumulated (deficit) (2,302,930)
Accumulated (deficit) (10,123,560)
-----------
1,225,879
-----------
$ 2,326,015
===========
SOURCE: instaCare Corp.
instaCare Corp.
Keith Berman, 805-446-1973
kmb@instacare.net
or
Investor Relations:
Lippert/Heilshorn & Associates, Inc.
Kim Sutton Golodetz or Lisa Lindberg, 212-838-3777
kgolodetz@lhai.com
llindberg@lhai.com
Copyright Business Wire 2005
Law Enforcement Associates Receives $328,661.00 Contract Modification from the United States Government
Total Contract Value Is Now $1,101,981.00
YOUNGSVILLE, N.C., Aug 16, 2005 (PRIMEZONE via COMTEX) -- Law Enforcement Associates Corporation ( AID ), a surveillance and security technology company, today announced that it has been awarded an additional $328,661.00 contract modification to an already existing order for $773,320.00. The additional award brings the total value of the existing contract to $1,101,981.00. The contract was placed by an agency of the United States Government for LEA Wireless Video Kits and will ship in the third quarter of 2005. Law Enforcement Associates currently has over $2,000,000.00 in unshipped orders. Paul H .Feldman, president stated, "Due to the sensitive nature of the video equipment purchased by the U.S. Government, no other details of this sale will be made available."
About Law Enforcement Associates Corporation
Law Enforcement Associates, Inc., headquartered in Youngsville, N.C., manufactures and markets a diverse line of undercover surveillance products including a complete line of audio surveillance equipment and homeland security products. LEA currently markets to the military, law enforcement, security and corrections personnel throughout the world, as well as governmental agencies, multinational corporations and non-governmental organizations. LEA has a history of enhancing security at major events including the Summer Olympics, Democratic National Convention, Super Bowl, Winter Olympic Games and Centennial First Flight Celebration and was a key security element for the 2005 US Open Golf Championship. The company's technology is also used as a prevention and detection solution at military bases, nuclear facilities, embassies, government installations, oil refineries, and United Nations and NATO locations throughout the world.
For more information on LEA, visit http://www.leacorp.com.
Law Enforcement Associates Corporation is a Featured Company on www.HomelandDefenseStocks.com.
For full details, click here: http://www.HomelandDefenseStocks.com/CO/LENF/NewsReleases.asp.
SOURCE: Law Enforcement Associates
ECON Corporate Services
Dawn Van Zant
866-735-3513
dvanzant@investorideas.com
Ann-Marie Fleming
866-725-2554
afleming@investorideas.com
(C) 2005 PRIMEZONE, All rights reserved.
Universal Guardian Launches Trusted Shipper(TM) Global Transportation Security System
NEWPORT BEACH, Calif., Aug 16, 2005 /PRNewswire-FirstCall via COMTEX/ -- Universal Guardian Holdings, Inc. ( UGHO ), an emerging global leader in non-lethal protection products, systems and security services to protect against terrorist, criminal and security threats to governments and businesses worldwide, is pleased to announce that it has launched its ISR Systems' integrated and interoperable, Transportation Security platform designed to protect inter-modal transportation worldwide.
ISR Systems Trusted Shipper(TM) platform, developed over the past four years, provides visibility and security throughout the entire global supply chain. The Trusted Shipper(TM) system takes homeland security compliance expense and converts it into potential profits that can have a real impact for any company that moves goods through international commerce. These companies include many of the largest corporations in the world.
Trusted Shipper(TM) uses its SupplyChain Guardian(TM) turn-key source-based RFID tagging and Container Guardian(TM) GPS/GPRS enabled container tracking system to create an entirely new paradigm for homeland security transportation security compliance programs. The platform combines configurable container modules, international data centers and a sophisticated supply chain and border security program that:
-- Provides a cost-effective RFID cargo tagging system, which creates
electronic manifests and transmits encrypted cargo manifests to
shippers, customers, and Customs.
-- Tracks cargo container throughout the entire transportation system --
from point of origin to final destination.
-- Monitors cargo container position and contents throughout the
transportation system in real-time.
-- Trusted Shippers(TM) will comply with the new Department of Homeland
Security "Green Lane" program. Cargo that uses the Company's Trusted
Shipper(TM) system will zip through the entry port. Cargo that doesn't
will have to wait in line at the port for detailed examination and
delays.
"Our Trusted Shipper(TM) program begins at the source ... working in partnership with foreign shippers and the U.S. Department of Homeland Security, our Secure Risks global security group provides investigations, security plan development and semi-annual inspections required to receive and maintain U.S. Dept of Homeland Security's Customs-Trade Partnership Against Terrorism (C-TPAT) certification," stated Michael Skellern, Universal Guardian's CEO. "We then incorporate our SupplyChain Guardian(TM) RFID tagging and authentication system at the source, and our Container Guardian(TM) smart container tracking systems which is designed to provide increased logistics efficiencies and speed-to-market for its participants.
Today, less than five percent of containers are inspected. The Department of Homeland Security and ISR Systems have devoted their efforts to developing a multi-tier system that will track, monitor and secure cargo from the source to the final destination.
The Trusted Shipper(TM) system addresses a multi-billion dollar worldwide market. It will securely track products from the factory to the pallet, to the container, into a port, onto a ship, through the port of entry, and then on to rail or truck until it reaches its destination. The total supply chain tracking capability combined with expedited handling at ports will generate significant financial advantages for the companies that utilize this system. In the "just-in-time" logistics world expedited supply chain efficiencies translate into reduced shipping costs, faster shipping times, and most importantly, less inventory tied up on ships, and more inventory in stores. This can generate significant profits for the companies that use the system.
With increased threats against transportation infrastructure and apparent vulnerabilities of leading countries to terrorist and security threats, Universal Guardian's Secure Risks and ISR Systems subsidiaries, have been working closely with the U.S. Department of Homeland Security, British Ministry of Defense Research and Development and the World Customs Organisation in Europe, to provide the Trusted Shipper(TM) program; an integrated, end-to-end system designed to provide a secure and trusted global supply chain that yields its participants efficiencies and financial dividends through Homeland Security compliance.
About ISR Systems
ISR Systems, Inc. is a wholly owned subsidiary of Universal Guardian Holdings, Inc, provides multi-level secure, integrated and interoperable security systems that facilitate surveillance, threat detection, and tracking to protect inter-modal transportation, seaport and airport facilities, and critical infrastructure from asymmetrical terrorist and security threats. ISR systems provide automated decision support from its command and control centers to coordinate notification and tactical responses among multiple agencies to interdict or respond to potential security threats. http://www.ISRsystems.com
About SecureRisks Limited
SecureRisks, a wholly owned subsidiary of Universal Guardian Holdings, Inc, is a London based global security group providing practical risk solutions, tactical security products and services, and critical infrastructure protection in today's most challenging environments from regional hubs located in the United States, United Kingdom, Europe, South America, Middle East, Africa, Central Asia, and Asia Pacific. http://www.SecureRisks.com
About Shield Defense International
Shield Defense International (SDI), a wholly-owned subsidiary of Universal Guardian Holdings, Inc., designs and produces non-lethal weapons and systems that provide law enforcement, military, professional security and consumers with multiple use-of-force options to address appropriate threat conditions in today's growing global security and terrorist environments. http://www.ShieldDefense.com
About Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies Universal Guardian Holdings, Inc., and its subsidiaries provide a comprehensive range of security products, systems, and services designed to mitigate terrorist and security threats worldwide. Universal Guardian Global Security Group comprises everything from strategic and tactical security services, business risk solutions, integrated and interoperable security systems, to non-lethal defense products. Universal Guardian companies features a wide variety of security applications for transportation and global supply chain security, maritime security and critical infrastructure protection for government and multi-national businesses on every continent.
Further information is available on the Company's website: http://www.UniversalGuardian.com
Investor Relations Contact:
Investor Relations
Universal Guardian Holdings, Inc.
4695 MacArthur Court, Suite 300
Newport Beach, CA USA 92626
+1 949.861.8295 ext. 211
Company Contact:
Michael J. Skellern, Chief Executive Officer
Universal Guardian Holdings, Inc.
4695 MacArthur Court, Suite 300
Newport Beach, CA USA 92626
+1 949.861.8295
SOURCE Universal Guardian Holdings, Inc.
Michael J. Skellern, Chief Executive Officer, +1-949-861-8295, or Investor Relations,
+1-949-861-8295 ext. 211, both of Universal Guardian Holdings, Inc.
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Law Enforcement Associates Announces Filing of Its 2005 Second Quarter Form 10-QSB with Increased Revenues for the Second Quarter of 2005 over 40%
YOUNGSVILLE, N.C., Aug 15, 2005 (BUSINESS WIRE) -- Law Enforcement Associates Corporation ( AID ), a surveillance and security technology company, reported revenues for the three months ended June 30, 2005 of approximately $1.9 million as compared to revenues of approximately $1.3 million for the same period in 2004, an increase of approximately 44%. Revenues for the six months ended June 30, 2005 were approximately $4.5 million as compared to revenues of approximately $2.6 for the same period in 2004, an increase of approximately 72%. The Company also reported a net loss for the second quarter of approximately of approximately $187,000 as compared to a net loss of approximately $442,000 for the same quarter in 2004, a decrease in our net loss of approximately $255,000, approximately 57%.
"While we were disappointed that the Company sustained a loss in the second quarter, we believe that it was attributable to a lower profit margin on a short term contract with one of our larger customers." said Paul Feldman, President of Law Enforcement Associates. "However, we have a strong back log of orders which will be delivered in the third quarter. We believe that delivery of these orders result in a profitable quarter."
About Law Enforcement Associates Corporation
Law Enforcement Associates, Inc. (AMEX. AID), headquartered in Youngsville, N.C., manufactures and markets a diverse line of undercover surveillance products including a complete line of audio surveillance equipment and Homeland Security Products. LEA currently markets to the Military, law enforcement, security and corrections personnel throughout the world, as well as governmental agencies, multinational corporations and non-governmental organizations. LEA has a history of enhancing security at major events including the Summer Olympics, Democratic National Convention, Super Bowl, Winter Olympic Games and Centennial First Flight Celebration and most recently a key security element for the 2005 US Open Golf Championship. The company's technology is also used as a prevention and detection solution at military bases, nuclear facilities, embassies, government installations, oil refineries, and United Nations and NATO locations throughout the world.
For more information on LEA, visit http://www.leacorp.com.
Law Enforcement Associates Corporation is a featured Company on www.HomelandDefenseStocks.com
For full details, click here: http://www.HomelandDefenseStocks.com/CO/LENF/NewsReleases.asp
SOURCE: Law Enforcement Associates Corporation
ECON Corporate Services
Dawn Van Zant, 866-735-3513
dvanzant@investorideas.com
or
Trevor Ruehs, 866-735-3513
truehs@investorideas.com
Copyright Business Wire 2005
Markland Technologies Continues Research and Development Efforts to Deliver Innovative Surveillance and Threat Detection Technologies
Company's Research and Development Programs are Intended to Create Multiple Solutions for: Standoff Explosives and Chemical Threat Detection, Disposable Surveillance Sensors and 3D Facial Recognition Biometrics
BOSTON, Aug 15, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB), a defense and homeland security company transforming advanced laboratory technology into real-world products, has announced that it is continuing development and demonstration of multiple innovative technologies to assist in the war against terrorism. These technologies may provide means to spot and detect suicide bombers and other armed terrorists before they can carry out their attacks. The announcement was made by Robert Tarini, Chairman and CEO of Markland.
Initial development and testing phases of the stand off sensor suite intended for detection of suicide bomber explosive and chemical threats is continuing under government funded programs. Markland subsidiary EOIR Technologies has kept the technology on a fast-track development cycle and believes it will be able to deliver field-ready systems for forward area combat deployment.
``Military leaders have made the development of more effective technologies and methods to stop suicide bombers a top priority, and Markland has responded with an approach that we believe will yield capabilities that are not presently available to our troops and government personnel.' said Mr. Tarini.
While the military has funded development of the suicide bomber detection systems, Markland also expects these solutions under development will eventually be employed in civilian settings in the United States, such as at federal buildings, shopping areas, sporting events and other potential terrorist targets. ``Recent events in London indicate that the terrorist threat is focused on large population centers in the Western World. We hope that such attacks don't occur on American soil, but we cannot ignore the risk,' said Mr. Tarini. ``We believe that our innovative solutions will provide an additional measure of security for innocent civilians in the U.S. and abroad.'
Markland has developed a unique three-tiered screening system that combines a range of existing thermal imaging and other advanced sensor technology with new Markland-developed software analysis techniques. Together, they generate detection capabilities, which the company believes can be significantly more powerful than could be achieved by any single system.
``When all of these different detection technologies are integrated into a single, unified solution, the system can attain an extremely high level of accuracy in the detection of potential threats with a relatively low rate of false alarms,' said Mr. Tarini. Approximately 10 different detection technologies comprise the Markland suicide detection protocols, among them: thermal and electromagnetic sensors and imaging systems, vapor sensors, metal and chemical detection processes to spot firearms and explosives, and systems that can identify biological, radiological and other threats. Most of the individual systems are already proven through longtime use by the military and in civilian implementations around the world, contributing to the Markland system's robustness and dependability.
One of the most important elements of the entire protocol is Markland's proprietary ``stand-off' detection system -- detection technologies capable of identifying potential threats at far greater distances than had previously been achieved. Precise distances are classified by the military, but such long-range detection is a critical part of identifying and stopping dangerous individuals before they can reach their targets and cause bloodshed.
Terrorist bombings and other types of armed terrorist attacks are a daily danger for innocent civilians and official personnel in many nations around the world. U.S. troops in Iraq have recently suffered heavy casualties in bombing attacks and they continue to face such deadly threats at traffic checkpoints and in crowded public areas.
Markland's publicly traded majority owned subsidiary Technest Holdings Inc. (OTC BB:TCNH.OB - News), is also working on the development of disposable sensors which are light weight and based on advanced electro optic technologies which can be networked to provide perimeter defense and surveillance capabilities in both urban and remote terrain combat scenarios. Genex Technologies ( www.genextech.com), a wholly owned subsidiary of Technest Holdings Inc. is completing the fabrication of 50 such sensors for delivery to the military in the coming month. It is expected that the future market for these sensors in both military and civilian security applications will be significant.
Genex Technologies Inc is also a provider of advanced 3D facial recognition enhancement algorithms. Pose, lighting, and expression have historically prevented 2D facial recognition from working well. Genex has addressed these problems by drawing upon its extensive research in 3D imaging and 2D-to-3D facial structure conversion.
SureMatch 3D is a suite of facial recognition tools that provides more robust detection capabilities through 3D enhancement. By partnering with leading biometrics companies, Genex has created a suite of facial recognition tools that provides both an enhancement for existing biometrics users and market-leading performance for new deployments. At the core Genex utilizes a recognition engine based upon next-generation 3D-to-3D face matching. The suite also has tools that allow seamless integration with existing 2D systems and databases to improve 2D facial recognition.
The company believes that the future of facial recognition is 3D. Genex's solution offers a path for users who need to effectively deploy recognition today and continue to harness the latest improvements in the future.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/ Default.asp (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SOURCE: Markland Technologies, Inc.
Markland Technologies
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
dvanzant@investorideas.com
or
Trevor Ruehs
truehs@investorideas.com
Copyright Business Wire 2005
Those of us who have done our personal DD know we are waiting on key developments to be announced. The bashers who read these public message boards do not deserve any updates from us. My only public comment is that I am holding all my shares regardless of the waiting time.
Cobra StunLights(TM) to Be Shipped to 30+ Correctional Agencies After Demonstrations at American Correctional Association Convention
NEWPORT BEACH, Calif., Aug 12, 2005 /PRNewswire-FirstCall via COMTEX/ -- Universal Guardian Holdings, Inc. ( UGHO ), an emerging global leader in non-lethal protection products, security systems and services to protect against terrorist, criminal and security threats to governments and businesses worldwide, announced that it has introduced its new Ultra Bright Compact Cobra StunLight(TM) XBC this week at the American Correctional Association convention in Baltimore, Maryland.
The Cobra StunLight(TM) XBC and XLR models complete the initial Cobra StunLight model offerings and incorporate the latest high intensity U.S. LED technology with integral reflectors, eye-safe red laser, and long runtime power management through an internal PC board.
"We exhibited at the American Correctional Association convention in Baltimore this week where Cobra StunLight(TM) demonstrations created strong demand from numerous state and local corrections agencies. We will be shipping evaluation units out ASAP," stated Shield Defense sales manager Shaun Hartounian. "We feel confident that the Cobra StunLights(TM) will substantially exceed the performance requirements of these agencies, and result in a smooth transition to full deployment. As we shift from pilot programs to full implementation with law enforcement agencies, we are finding a strong demand for the compact Cobra StunLight(TM) XBC with large city patrol officers and continuing demand for the standard size Cobra StunLight(TM) with corrections agencies across the country," Mr. Hartounian continued.
"The new Cobra StunLight(TM) XBC Ultra Bright Compact model is the result of law enforcement and military market demands to incorporate unparalleled illumination with the performance characteristics of the standard size Cobra StunLight(TM) into a single compact unit," stated Mr. Skellern, Universal Guardian's CEO. "The new compact Cobra StunLight(TM) provides escalating offensive and defensive non-lethal options for law enforcement by incorporating three extremely bright tactical lights into a single flashlight head enabling the user to illuminate the target, use the red-laser aiming device to cause a 'pause in combat,' and if required, debilitate one or more assailants by launching a high pressure stream of OC up to 21 feet," Mr. Skellern added.
To view the exciting new Cobra StunLight(TM)..."The True Non-lethal Alternative(R)" models, specifications and accessories please click on the following link: http://www.universalguardian.com/sdi_products01.php
About Shield Defense International
Shield Defense International (SDI), a wholly-owned subsidiary of Universal Guardian Holdings, Inc., designs and produces non-lethal weapons and systems that provide law enforcement, military, professional security and consumers with multiple use-of-force options to address appropriate threat conditions in today's growing global security and terrorist environments. http://www.ShieldDefense.com
About SecureRisks Limited
SecureRisks, a wholly owned subsidiary of Universal Guardian Holdings, Inc., is a London based global security group providing practical risk solutions, tactical security products and services, and critical infrastructure protection in today's most challenging environments from regional hubs located in London, Los Angeles, Zurich, Caracas, Dubai, Kabul, Cape Town, Islamabad, Singapore, Jakarta, and Hong Kong. http://www.SecureRisks.com
About Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies Universal Guardian Holdings, Inc., and its subsidiaries provide a comprehensive range of security products, systems, and services designed to mitigate terrorist and security threats worldwide. Universal Guardian Global Security Group comprises everything from strategic and tactical security services, business risk solutions, integrated and interoperable security systems, to non-lethal defense products. Universal Guardian companies feature a wide variety of security applications for transportation and global supply chain security, maritime security and critical infrastructure protection for government and multi-national businesses on every continent.
Further information is available on the Company's website: http://www.UniversalGuardian.com
Investor Relations Contact:
Investor Relations
Universal Guardian Holdings, Inc.
4695 MacArthur Court, Suite 300
Newport Beach, CA USA 92626
+ 1 949.861.8295 ext. 211
Company Contact:
Michael J. Skellern, Chief Executive Officer
Universal Guardian Holdings, Inc.
4695 MacArthur Court, Suite 300
Newport Beach, CA USA 92626
+ 1 949.861.8295
SOURCE Universal Guardian Holdings, Inc.
Investor Relations, ext. 211, or Michael J. Skellern, Chief Executive Officer, both
of Universal Guardian Holdings, Inc., +1-949-861-8295
Copyright (C) 2005 PR Newswire. All rights reserved.
Markland Subsidiary EOIR Technologies Inc. Awarded $4.8 Million in New Orders from U.S. Army; Company Ends Fiscal Year With $48.8 Million In Funded Backlog
BOSTON, Aug 11, 2005 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC BB:MRKL.OB), a defense and homeland security company transforming advanced laboratory technology into real-world products, announced today that the U.S. Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded the company's wholly owned subsidiary EOIR Technologies Inc. new orders for technology products and services totaling $4.8 million and that the company finished the fiscal year ended June 30,2005 with $48.8M in funded backlog. Robert Tarini, Chairman and CEO of Markland, made the announcement.
The Army's NVESD research and development group is one of the U.S. military's most advanced technological leaders. Markland is working on a range of next-generation technology solutions for the NVESD, including night vision and advanced sensor applications, disposable sensors and other threat-detection systems. A portion of the current funding is being utilized for the continued development of technologies which may help to detect suicide bomber and weapons threats from stand off distances.
The $4.8 million in new orders come under an NVESD omnibus contract. The omnibus contract Option Year Four was awarded on July 15, 2005. EOIR Technologies Inc. omnibus contract awards for the previous Option Year Three which ended on July 14, 2005 had totaled $61.2M.
The ongoing Omnibus contract may provide a maximum ceiling amount of up to $80 million in fiscal year revenues for Markland. Many of the products and services being delivered on this contract utilize next-generation electro-optic and infrared sensor technologies that are being used in direct support of U.S. military combat operations in Iraq, Afghanistan and elsewhere. The Army's NVESD has been responsible for numerous key innovations in the fields of optical electronics and thermal imaging for weapons targeting, electronic surveillance and other mission-critical military applications.
About Markland Technologies
Markland Technologies, Inc. is committed to setting next-generation standards in defense and security through the provision of innovative emerging technologies and expert services. The Company is engaged in the identification of advanced technologies currently under development in laboratories, universities and in private industry, and in the transformation of those technologies into next-generation products. Markland's solutions support military, law enforcement and homeland security personnel to protect the nation's citizens, borders and critical infrastructure assets from the threat of terrorism and other dangers. Through strategic development, Markland focuses on the creation of dual-use technology and products with applications in both the defense market and civilian homeland security and law enforcement fields. The Company is a Board Member of the Homeland Security Industries Association, and is a featured Company on HomelandDefenseStocks.com; additional details can be viewed at http://www.homelanddefensestocks.com/Companies/MarklandTech. For more information about the Company and its products, please visit the Markland home page at http://www.marklandtech.com.
Markland Technologies, Inc. is a featured Company on http://www.HomelandDefenseStocks.com, a service for which Markland compensates the provider.
For full details, click here: http://www.homelanddefensestocks.com/Companies/MarklandTech/ Default.asp (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)
SOURCE: Markland Technologies, Inc.
Markland Technologies
http://www.marklandtech.com
or
ECON Corporate Services
Dawn Van Zant, 866-730-1151
dvanzant@investorideas.com
or
Trevor Ruehs
truehs@investorideas.com
Copyright Business Wire 2005
Yepremian Scores Again for FONAR Sports Program; Instrumental In A Second Sale of an Upright MRI
MELVILLE, N.Y., Aug 11, 2005 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today the sale of its Upright(TM) MRI scanner to a freestanding center in the Greater Philadelphia, Pennsylvania area. Garo Yepremian, former All-Pro NFL kicker with the Miami Dolphins, was instrumental in the sale. FONAR has now sold six Upright(TM) MRIs in Pennsylvania since entering that market with this product a little more than a year ago.
"Garo is a very captivating person and accomplished motivational speaker. He serves FONAR well and is especially good with our customers," said David B. Terry, Senior Vice President of FONAR. "Garo markets our Stand-Up(TM) MRI with the same competitive spirit that propelled him to the status of a superstar during his career in the National Football League. We are absolutely delighted to have Garo on the FONAR team. This marks the second sale in which Garo has been involved."
"You can't kick a field goal lying down. You have got to be standing up to kick a field goal," said Garo Yepremian. "I have had many MRIs throughout the years and am claustrophobic and uncomfortable in the tubes. I want to be in the Upright Weight-bearing position, watching TV, when I have my MRI."
"It is obvious to me that there is more clinically relevant information to be had from Upright(TM) images of the spine, leg or foot on FONAR's new Upright(TM) MRI machine than from a lie-down scanner," said Mr. Yepremian. "This is my message to everyone I meet when I attend some 50-plus charity golf events around the country these days."
For a recent picture of All Pro Garo Yepremian visit http://www.fonar.com/news/081105.htm. Also visit http://www.garoyepremian.com.
About FONAR
FONAR was incorporated in 1978, making it the first, oldest and most experienced MRI manufacturer in the industry. FONAR introduced the world's first commercial MRI in 1980, and went public in 1981. Since its inception, we have installed nearly 300 MRI scanners worldwide. FONAR's stellar product line includes the Upright(TM) MRI (also known as the Stand-Up(TM) MRI), the only whole-body MRI that performs Position(TM) imaging (pMRI(TM)) and scans patients in numerous weight-bearing positions, i.e. standing, sitting, in flexion and extension, as well as the conventional lie-down position. The FONAR Upright(TM) MRI often sees the patient's problem that other scanners cannot because they are lie-down only. With over 100,000 patients scanned, the patient-friendly Upright(TM) MRI has a near zero claustrophobic rejection rate by patients. As a FONAR customer states, "If the patient is claustrophobic in this scanner, they'll be claustrophobic in my parking lot." Approximately 85% of patients are scanned sitting while they watch a 42" flat screen TV. Our latest MRI scanner is the FONAR 360(TM), a room-size recumbent scanner that optimizes openness while facilitating physician access to the patient. FONAR is headquartered on Long Island, New York, and has approximately 500 employees.
MRI Specialist, Stand-Up, Upright, Position, PMRI and The Proof is in the Picture are trademarks of FONAR.
Be sure to visit FONAR's Web site for Company product and investor information: http://www.fonar.com
SOURCE: FONAR Corporation
FONAR Corporation
Daniel Culver, 631-694-2929
Fax: 631-390-9540
http://www.fonar.com
or
The Anne McBride Company
Investor Relations:
Kathy Price, 212-983-1702, x212
http://www.annemcbride.com
Copyright Business Wire 2005
IMDS Sells Two CT Laser Mammography Systems in Poland
EDO MED Purchases CTLM(R) Research Units Installed in the Institute of Oncology
FORT LAUDERDALE, Fla., Aug 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- Imaging Diagnostic Systems, Inc. ( IMDS ) announced that their exclusive distributor, EDO MED. Sp. z.o.o., has purchased the two CT Laser Mammography systems installed for use in clinical research projects at the Institute of Oncology, Center of Oncology, of the Maria Sklodowska-Curie Memorial Institute in Gliwice, Poland. The sales mark IDSI's expansion into the Polish market.
Tim Hansen, IDSI Chief Executive Officer, commented, "We are gratified that EDO MED has shown such confidence in the CTLM clinical and market opportunity. The research projects we began with the Institute of Oncology, with currently over 400 cases completed in six months, will continue to conclusion. We expect that our global commercialization program will follow this pattern, one of regional clinical investigations followed by local area sales."
Mr. Jaroslaw Borkulak, President of EDO MED, stated, "We think that CTLM, which represents new laser optical technology, is being accepted in the Polish market. This technology highly complements our product basket of innovative molecular and functional imaging products. CTLM is especially important at this point because Poland has signed an unprecedented $1 billion National Cancer Program. This 10-year national initiative will allow a significant improvement of Polish Cancer Care through screening, diagnostic and therapeutic programs with capital investments. EDO MED is well positioned in this oncology segment."
With the sales of these two systems, IDSI continues to make advances in its global commercialization program while gaining international recognition for the benefits of CT Laser Mammography. IDSI will recognize the revenue for these sales in its fiscal quarter ending September 30, 2005.
The CTLM(R) system is the first patented breast imaging system that utilizes state-of-the-art laser technology and patented algorithms to create 3-D cross-sectional images of the breast. It is a non-invasive, painless examination that does not expose the patient to radiation or require breast compression. Imaging Diagnostic Systems has received CE Marking, CMDCAS (Canada), Canadian License, China SFDA approval, UL listing, ISO 9001:2000- 13488 certification and FDA export certification for its CT Laser Breast Imaging system. The Company is seeking PreMarket Approval (PMA) from the Food and Drug Administration (FDA) for its CTLM(R) system to be used as an adjunct to mammography.
Please visit Imaging Diagnostic Systems' website at: http://www.imds.com for additional information.
Investor Relations:
Rick Lutz
404-261-1196
lcgroup@mindspring.com
SOURCE Imaging Diagnostic Systems, Inc.
Investor Relations, Rick Lutz, +1-404-261-1196, or lcgroup@mindspring.com, for
Imaging
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Cobra StunLight(TM) Order for Deployment in Afghanistan
NEWPORT BEACH, Calif., Aug 10, 2005 /PRNewswire-FirstCall via COMTEX/ -- Universal Guardian Holdings, Inc. ( UGHO ), an emerging global leader in non-lethal protection products and security services to protect against terrorist, criminal and security threats to governments and businesses worldwide, today announced that 50 Cobra StunLights(TM) have been ordered for shipment and immediate deployment in Afghanistan to fulfill commitments on security projects by SSSI Afghanistan, a subsidiary of Universal Guardian's Secure Risks.
"The shipment of Cobra StunLights(TM) to be deployed in Afghanistan is a direct result of commitments we made to our clients on being able to provide non-lethal use-of-force options," said Universal Guardian CEO Mike Skellern. "As I said on June 29th, our clients have expressed a need to implement a balanced security response approach -- they don't want a situation where their security checkpoint operatives might potentially use lethal force, when a non- lethal response might have been more appropriate. The Cobra StunLight(TM) is becoming an integral selling point for our comprehensive security solutions in Afghanistan," continued Mr. Skellern.
"The Cobra StunLight provides our security operators with offensive and defensive non-lethal options for government and non governmental security assignments," stated Bruce Braes, Managing Director SSSI Afghanistan. "Providing the Cobra StunLight(TM) for our clients is a major advantage in securing additional and expanded contracts," Mr. Braes continued..
About Shield Defense International
Shield Defense International (SDI), a wholly-owned subsidiary of Universal Guardian Holdings, Inc., designs and produces non-lethal weapons and systems that provide law enforcement, military, professional security and consumers with multiple use-of-force options to address appropriate threat conditions in today's growing global security and terrorist environments. www.ShieldDefense.com
About SecureRisks Limited
SecureRisks, a wholly owned subsidiary of Universal Guardian Holdings, Inc., is a London based global security group providing practical risk solutions, tactical security products and services, and critical infrastructure protection in today's most challenging environments from regional hubs located in London, Los Angeles, Zurich, Caracas, Dubai, Kabul, Cape Town, Islamabad, Singapore, Jakarta, and Hong Kong. www.SecureRisks.com
About Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies Universal Guardian Holdings, Inc., and its subsidiaries provide a comprehensive range of security products, systems, and services designed to mitigate terrorist and security threats worldwide. Universal Guardian Global Security Group comprises everything from strategic and tactical security services, business risk solutions, integrated and interoperable security systems, to non-lethal defense products. Universal Guardian companies features a wide variety of security applications for transportation and global supply chain security, maritime security and critical infrastructure protection for government and multi-national businesses on every continent.
Further information is available on the Company's website: http://www.UniversalGuardian.com
Investor Relations Contact:
Investor Relations
Universal Guardian Holdings, Inc.
4695 MacArthur Court., Suite 300
Newport Beach, CA USA 92626
+ 1 949. 861.8295 ext. 211
Company Contact:
Michael J. Skellern, Chief Executive Officer
Universal Guardian Holdings, Inc.
4695 MacArthur Court, Suite 300
Newport Beach, CA USA 92626
+ 1 949. 861.8295
SOURCE Universal Guardian Holdings, Inc.
Investor Relations - Universal Guardian Holdings, Inc., +1-949-861.8295, ext. 211; or
Michael J. Skellern, Chief Executive Officer, Universal Guardian Holdings, Inc.,
+1-949-861-8295
http://www.prnewswire.com
Copyright (C) 2005 PR Newswire. All rights reserved.
Lamperd Less Lethal Inc. Announces Signing of Geographic Exclusive Commissioned Sales Agent Agreement
8/9/2005 7:19:02 PM
SARNIA, Ontario, Aug 09, 2005 (BUSINESS WIRE) -- Lamperd Less Lethal Inc. ( LLLI ) ("Lamperd") -- Mr. Barry Lamperd, President and CEO is pleased to announce that Lamperd entered into a Geographic Exclusive Commissioned Sales Agent Agreement with Tactical Operational Support Services LLC ("TOSS") dated effective August 2, 2005 pursuant to which TOSS will be Lamperd's sales agent in the Commonwealth of Puerto Rico and the Dominican Republic. TOSS will receive a base 20% commission on sales of Lamperd's products. The agreement has an initial 90 day term.
Forward-Looking Statements. This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements include, but are not limited to, any sales that may be generated in the Commonwealth of Puerto Rico or the Dominican Republic. Such factors include, among others, the inherent uncertainties associated with the development of an early stage company in the firearms and munitions industry and its products and the entry into new markets for our products. These forward-looking statements are made as of the date of this news release, and Lamperd Less Lethal assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE: Lamperd Less Lethal Inc.
Lamperd Less Lethal Inc.
Investor Relations, 519-344-4445
email: info@lamperdlesslethal.com
Vasomedical to Hold Fourth Quarter Fiscal 2005 Financial Results Conference Call on August 16, 2005
WESTBURY, N.Y., Aug 09, 2005 (BUSINESS WIRE) -- Vasomedical, Inc. (NASDAQ SmallCap: VASO), will report financial results for the fourth quarter of fiscal 2005 on Tuesday, August 16, 2005 after market close and will hold a conference call at 4:30 p.m. Eastern Time to discuss these results. Thomas Glover, president and chief executive officer, and Thomas W. Fry, chief financial officer, will host the conference call.
To participate in the live call by telephone, please dial (800) 639-0297 from the U.S., or for international callers, please dial (706) 634-7417. A telephone replay will be available until 11:59 p.m. Eastern Time on August 18, 2005 by dialing (800) 642-1687 from the U.S. or (706) 645-9291 for international callers and entering passcode 8513387.
Those interested in listening to the conference call live via the Internet may do so by visiting the Company's web site at www.vasomedical.com. To listen to the live call, please go to the web site 15 minutes prior to its start to register, download, and install the necessary audio software. The call will be archived on the Company's web site for 30 days.
About Vasomedical, Inc.
Vasomedical, Inc. is primarily engaged in designing, manufacturing, marketing and supporting EECP(R) external counterpulsation systems based on the Company's unique proprietary technology. EECP(R) therapy is a noninvasive, outpatient therapy for the treatment of diseases of the cardiovascular system currently indicated for use in cases of stable or unstable angina, congestive heart failure, acute myocardial infarction and cardiogenic shock. The therapy serves to increase circulation in areas of the heart with less than adequate blood supply and may restore systemic vascular function. The Company provides hospitals, clinics and private practices with EECP(R) equipment, treatment guidance and a staff training and equipment maintenance program designed to provide optimal patient outcomes. Additional information is available on the Company's website at www.vasomedical.com. EECP is a registered trademark for Vasomedical's enhanced external counterpulsation systems.
SOURCE: Vasomedical, Inc.
Vasomedical, Inc.
Thomas W. Fry, 516-997-4600
investorrelations@vasomedical.com
or
Investor Relations:
Lippert/Heilshorn & Associates, Inc.
Kim Sutton Golodetz / Lisa Lindberg, 212-838-3777
kgolodetz@lhai.com / llindberg@lhai.com
or
Bruce Voss, 310-691-7100
bvoss@lhai.com
Copyright Business Wire 2005
Smallpox Vaccine Development Agreement
SANTA CLARA, CA, Aug 09, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that its Biodefense Division has entered into agreement with AvaxisBio for the development of a smallpox vaccine designed for safe and effective public immunization to counter bioterrorism. AvaxisBio is developing a vaccine by rational design, made from small peptide molecules based on selected portions of the Variola virus genome selected for optimal effects on the human immune system.
Smallpox is a top priority on the bioterrorism threat list. Since routine vaccinations stopped in 1980 and vaccination offers immunity for only seven to ten years, the world is in effect a virgin population, highly susceptible to reintroduction of the virus. Although the official repositories of the virus are maintained under high security in the United States and Russia, there is concern that terrorists may have access to certain smallpox virus and could use it as a weapon. If this happened, a large percentage of the population could become seriously ill as smallpox is highly contagious and virulent. As many as 30% of those infected could die as there is no known cure -- and if the hemorrhagic or flat smallpox variants were to be used the death rates would be much higher, 95-99%.
Currently available smallpox vaccines use modified live Vaccinia virus that are costly and time intensive in their application. As an indication, to vaccinate just a million people per day, using current methods and immunization process, would require about 35,000 medical teams as well as the infrastructure to support the initiative. Further, current vaccines are also not considered safe for use in certain segments of the population, especially those with skin diseases, immune disorders, HIV, and pregnant or lactating mothers. In addition, the FDA requires a "Black Box" (serious danger) warning on a large proportion of the currently available doses of smallpox vaccine due to concerns about occurrence of heart toxicity called acute myopericarditis in healthy individuals.
In early 2003, the U.S. government decided to vaccinate 500,000 civilian healthcare workers who would be responsible for the vaccination of the general population if necessary. By April 13, 2003, the Centers for Disease Control reported 86 potentially with serious side effects, including several deaths and several dozen cases of myocarditis -- consequently only just 32,644 healthcare workers volunteered to be vaccinated. Vaccine safety is of primary concern.
For smallpox vaccine to be available to the entire population in the event of an outbreak, MDM Group and AvaxisBio are targeting a greatly improved product and vaccination process. Both are clearly needed should such a threat materialize.
AvaxisBio Corporation was incorporated in the state of Delaware on November 8, 2004. Based on the Business Plan developed by Dr. Amir Maksyutov, senior technical director and inventor in cooperation with the US Department of State BII program (BioIndustry Initiative), AvaxisBio has attracted significant potential investment interest in the company. AvaxisBio is focused on commercializing the Maksyutov Antigenic Peptide technology platform, a method for designing vaccines that takes into account the genetic variability of pathogens that cause AIDS, Hepatitis C, and Influenza. BII enabled the commercialization of this platform through a strategic PCT (Patent Convention Treaty) filing after the early-stage discovery work was funded by BTEP (Biotechnology Engagement Program).
AvaxisBio has developed a computerized method that allows for selection of the specific regions within viral proteins that will cause a desirable immune effect against smallpox, while ruling out those regions which might cause autoimmune or other side effects. This method, based on original antigenic similarity matrix, takes into account small changes in the amino acid building block sequence of the protein regions and whether they do or do not affect the safety or efficacy of the vaccine component.
MDM Vice President, Ed Stephen, has indicated that the new vaccine is expected to be safe in all population segments as well as be effective against all strains of pox viruses by the nature of the component selection process that is proprietary to AvaxisBio.
Under the terms of the AvaxisBio agreement, MDM Group will fund certain ongoing expenses during a due diligence period, after which MDM will acquire a 50% interest in a joint company that will be newly-formed for the purpose of developing and testing smallpox vaccines, in exchange for $0.5 million of initial seed capital and other non-monetary contributions to support on-going research activities.
MDM Group's Biodefense Division is focused on discovery of and rapid development of vaccines and other countermeasures to support the Homeland Defense requirements of the United States government and its citizens as well as those in other countries.
MDM Group's business interests are focused on the Security, Biodefense and Homeland Security industries.
For further information see: http://www.mdmgroupinc.com/
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Contact via http://www.marketwire.com/mw/emailprcntct?id=AA2650AA782F2530
SOURCE: MDM Group, Inc
Copyright 2005 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Aerospace and Defense:Weapons
Agriculture:Livestock
Government:National
Government:Security (law enforcement, homeland etc)
Medical and Healthcare:Healthcare
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Drugs
Pharmaceuticals and Biotech:Equipment and Supplies
Pharmaceuticals and Biotech:Trials
Smallpox Vaccine to Be Developed by MDM Group's Biodefense Division
SANTA CLARA, CA, Aug 04, 2005 (MARKET WIRE via COMTEX) -- MDM Group, Inc. (OTC: MDDM) advises that its Biodefense Division is finalizing agreements to develop a novel vaccine for smallpox designed for safe public immunization to counter bioterrorism. Currently available smallpox vaccines use modified live vaccinia virus that are time intensive in their application. They are also not considered safe for use in certain segments of the population, especially those with skin diseases, immune disorders, HIV, and pregnant or lactating mothers. In addition, the FDA requires a "Black Box" (serious danger) warning on a large proportion of the currently available doses of smallpox vaccine due to concerns about occurrence of heart toxicity called acute myopericarditis in healthy individuals.
Smallpox is a top priority on the U.S. Centers for Disease Control bioterrorism threat list. Smallpox was declared eradicated in 1980 and the last outbreak in the U.S. was in 1949. Although the official repositories of the virus are maintained under high security in the United States and Russia, there is concern that terrorists may have access to smallpox virus that could be used as a bioweapon. If this happened, many people could become seriously ill as smallpox is highly contagious and virulent and as many as 30% of those infected could die as there is no known cure -- if the hemorrhagic or flat smallpox variants were to be used the death rates could be as great as 95-99%.
MDM Vice President, Ed Stephen, stated that the new vaccine is expected to be safe in all population segments as well as be effective against all strains of pox viruses by the nature of the proprietary component selection process. He further advised that the Company expects to announce further details of the project and agreements during the course of the coming week.
MDM Group's Biodefense Division is focused on discovery of and rapid development of vaccines and other countermeasures to support the Homeland Defense requirements of the United States government and its citizens as well as those in other countries.
MDM Group's business interests are focused on the Security, Biodefense and Homeland Security industries.
For further information see: http://www.mdmgroupinc.com
MDM Group is featured on www.Homelanddefensestocks.com a global investment research portal for defense and security.
Contact:
MDM Group, Inc.
Trevor Ruehs
866-894-3910
Contact via http://www.marketwire.com/mw/emailprcntct?id=AA4DC40F2B9D7223
SOURCE: MDM Group, Inc
Copyright 2005 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Financial Services:Commercial and Investment Banking
Government:Security (law enforcement, homeland etc)
Medical and Healthcare:Health and Nutrition
Medical and Healthcare:Healthcare
Pharmaceuticals and Biotech:Biotech
Pharmaceuticals and Biotech:Drugs
Pharmaceuticals and Biotech:Trials
Law Enforcement Associates to Ring AMEX Opening Bell
NEW YORK, Aug 03, 2005 (BUSINESS WIRE) -- Law Enforcement Associates Corporation ( AID ), a surveillance and security technology company, announced today that the Company will ring the opening bell to commence the day's trading at the American Stock Exchange (AMEX) on Thursday, August 4, 2005. Law Enforcement Associates Corporation's common stock began trading on AMEX on July 15, 2005.
"It is a tremendous honor for Law Enforcement Associates to be invited to this special ceremony. This day will mark another important milestone for Law Enforcement Associates. Our recent AMEX listing will enhance our market exposure and increase our visibility to the investment community," stated Paul Feldman, President of Law Enforcement Associates.
About Law Enforcement Associates Corporation
Law Enforcement Associates, Inc. ( AID ) headquartered in Youngsville, N.C., manufactures and markets a diverse line of undercover surveillance products including a complete line of audio surveillance equipment and Homeland Security Products. LEA currently markets to the Military, law enforcement, security and corrections personnel throughout the world, as well as governmental agencies, multinational corporations and non-governmental organizations. LEA has a history of enhancing security at major events including the Summer Olympics, Democratic National Convention, Super Bowl, Winter Olympic Games and Centennial First Flight Celebration and most recently a key security element for the 2005 US Open Golf Championship. The company's technology is also used as a prevention and detection solution at military bases, nuclear facilities, embassies, government installations, oil refineries, and United Nations and NATO locations throughout the world.
For more information on LEA, visit http://www.leacorp.com.
Law Enforcement Associates Corporation is a featured Company on www.HomelandDefenseStocks.com.
For full details, click here: http://www.HomelandDefenseStocks.com/CO/LENF/NewsReleases.asp
SOURCE: Law Enforcement Associates, Inc.
ECON Corporate Services
Dawn Van Zant, 866-735-3513
dvanzant@investorideas.com
or
Trevor Ruehs, 866-735-3513
truehs@investorideas.com
Copyright Business Wire 2005
First FONAR Upright MRI at Hurst, Texas Diagnostic Center Leads to Second Purchase; Patients Enthusiastically Refer to the Stand-Up MRI as ''The 'TV' MRI!''
MELVILLE, N.Y., Aug 03, 2005 (BUSINESS WIRE) -- FONAR Corporation ( FONR ), The MRI Specialist(TM), announced today that it has sold and installed an Upright(TM) MRI (Stand-Up(TM) MRI) to Physicians Stand-Up MRI, Ltd. of Hurst, Texas. This new MRI center is located in the Mid-Cities area off Precinct Line Road in Hurst. A grand opening celebration was held May 9-11 to introduce the new MRI facility to the referring physician community and to the surrounding community. More recently, Physicians Stand-Up MRI has purchased a second unit to become the 23rd multi-purchaser of the Stand-Up(TM) MRI.
Mr. Clint Sands, President/CEO of Physicians Stand-Up MRI, said, "The MRI technology is a wonderful advancement in medicine. However, traditional MRIs are not designed for patient comfort. As a result, many patients often have had unpleasant experiences. In fact, many patients even object to an 'Open' MRI, since the magnet is still right in front of the patient's face. Now FONAR has built the world's only Upright(TM) MRI in which patients can watch a 42" wide screen TV while being scanned. Some of our patients, who can't tolerate even an 'Open' MRI, enthusiastically call the Stand-Up(TM) MRI - the 'TV' MRI!"
See what the patient sees: http://www.fonar.com/news/080305.htm
"Furthermore, many patients who were unable to be scanned in traditional tube MRIs can now be scanned in our Upright(TM) MRI machine. These include those with severe kyphosis (curvature of the spine), severely claustrophobic patients, and children that often must undergo anesthesia to have an MRI and can avoid it in the Stand-Up(TM) MRI. For many reasons patients are unable to lie down on their back, making the FONAR Stand-Up(TM) MRI the only viable MRI available," added Mr. Sands.
"Overweight patients can also benefit from the Upright(TM) MRI," exclaimed Mr. Sands. "The first patient we scanned weighed 370 pounds. We don't know of another MRI that could have scanned this patient, yet it was easily done in the FONAR Stand-Up(TM) MRI. The patient was ecstatic about his MRI experience!"
"This unparalleled comfort and access is only part of the reason why the Upright(TM) MRI is such an important technological breakthrough," continued Mr. Sands. "Most important is the superb quality of the images and the ability to perform Upright(TM) Imaging, where patients can be scanned sitting, standing, or bending in a flexion or extension position. This provides us with pictures of pathology that are unobtainable using any other traditional MRI. We now are able to give the surgeon the 'complete picture' of the patient's pathology before he goes to surgery. The weight-bearing image shows the patient's disks and vertebra fully weight loaded, the way they are when he is actually experiencing his pain. For all of these reasons we have now purchased our second Stand-Up(TM) MRI."
Physicians Stand-Up MRI is located at 797 Lonesome Dove Trail at Precinct Line Road in Hurst, Texas. It serves both Dallas and Ft. Worth and is centrally located in the Mid-Cities area. The telephone number is (817) 577-7500. The Web sites is: www.psumri.com.
About FONAR
FONAR was incorporated in 1978, making it the first, oldest and most experienced MRI manufacturer in the industry. FONAR introduced the world's first commercial MRI in 1980, and went public in 1981. Since its inception, we have installed nearly 300 MRI scanners worldwide. FONAR's stellar product line includes the Upright(TM) MRI (also known as the Stand-Up(TM) MRI), the only whole-body MRI that performs Position(TM) imaging (pMRI(TM)) and scans patients in numerous weight-bearing positions, i.e. standing, sitting, in flexion and extension, as well as the conventional lie-down position. The FONAR Upright(TM) MRI often sees the patient's problem that other scanners cannot because they are lie-down only. With over 100,000 patients scanned, the patient-friendly Upright(TM) MRI has a near zero claustrophobic rejection rate by patients. As a FONAR customer states, "If the patient is claustrophobic in this scanner, they'll be claustrophobic in my parking lot." Approximately 85% of patients are scanned sitting while they watch a 42" flat screen TV. Our latest MRI scanner is the FONAR 360(TM), a room-size recumbent scanner that optimizes openness while facilitating physician access to the patient. FONAR is headquartered on Long Island, New York, and has approximately 500 employees.
---------------------------------------------------------
MRI Specialist, Stand-Up, Upright, Position, PMRI and The Proof
is in the Picture are trademarks of FONAR.
Be sure to visit FONAR's Web site for Company product and
investor information:
http://www.fonar.com
SOURCE: FONAR Corporation
FONAR Corporation
Daniel Culver, 631-694-2929
fax: 631-390-9540
http://www.fonar.com
or
The Anne McBride Company
Kathy Price, 212-983-1702, ext.212
http://www.annemcbride.com
Copyright Business Wire 2005
STANDARD HOLDINGS GP - Nasdaq Other OTC: SNDH
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5:09:21 PM EDT - Tuesday, August 2, 2005 - data is delayed 15 minutes
Standard Holdings Group Announces Austrian Contract
MCLEAN, VA, Aug 02, 2005 (MARKET WIRE via COMTEX) -- Standard Holdings Group Ltd., (OTC: SNDH) announced the signing of a contract with a multi-million dollar currency trading firm in Graz, Austria. This contract licenses the Company's international currency exchange software in exchange for a percentage of the profits derived from its use. Revenue from this contract is scheduled to commence next month.
The amount of revenue will depend upon the success of the system and the customer's adherence to it. The customer tested the system prior to signing the contract. Therefore, the Company anticipates a successful, profitable, and ongoing relationship.
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 Standard Holdings Group web site at http://www.standardholdingsgroup.com./
Contact:
Standard Holdings Group Ltd.
703-821-3999
SOURCE: Standard Holdings Group Ltd.
Copyright 2005 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
Financial Services:Commercial and Investment Banking
Financial Services:Investment Services and Trading
SNDH News: Standard Holdings Group Announces Austrian Contract
MCLEAN, VA, Aug 02, 2005 (MARKET WIRE via COMTEX) -- Standard Holdings Group Ltd., (OTC: SNDH) announced the signing of a contract with a multi-million dollar currency trading firm in Graz, Austria. This contract licenses the Company's international currency exchange software in exchange for a percentage of the profits derived from its use. Revenue from this contract is scheduled to commence next month.
The amount of revenue will depend upon the success of the system and the customer's adherence to it. The customer tested the system prior to signing the contract. Therefore, the Company anticipates a successful, profitable, and ongoing relationship.
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 Standard Holdings Group web site at http://www.standardholdingsgroup.com./
Contact:
Standard Holdings Group Ltd.
703-821-3999
SOURCE: Standard Holdings Group Ltd.
Copyright 2005 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Computers and Software:Software
Financial Services:Commercial and Investment Banking
Financial Services:Investment Services and Trading