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EVSC - .31/.34 Up .08 cents so far. Check out PR this AM.
Contact information for both Bob Z. and Matt here.
http://www.investorshub.com/boards/Contact.asp
Just noticed your post. If you have your browser set to accept cookies then I don't understand the problem. Also, you might contact SI Bob to see if he has any suggestions, or Matt here on I-Hub to see if he can help.
MDPA- I added a few shares as well. Folks over on RB think the former CEO is posting there, and trying to drive the price down. There were some large blocks that went through on the sell side today. Perhaps it was him.
DCTH - 1.13/1.15 PR out, and volume starting to come in.
DLGI - .24/.25 Slowly moving higher.
Well, it looks as though the SI board is down, and it looks as though most everyone has forgotten about this board.
DLGI - They just posted a profitable Q with increasing revenues. Stock trading around .16 cents.
http://biz.yahoo.com/prnews/031113/lath059_1.html
DLGI - .155 cents. PR out this AM with profits. This could get a bounce today.
http://biz.yahoo.com/prnews/031113/lath059_1.html
Shmolton,
I am going to copy this post over to the SI thread. Company looks interesting.
BOCX - .22/.23 Getting ready for a move higher perhaps. Interesting PRs lately.
VSNI - 1.30/1.34 Nice PR out this AM.
MCTL - 1.15/1.18 Another PR out. I am trying to add, but only getting partial fills.
GLOB - .61/.70 Getting a delayed move up this AM. Also, they reported profits on the last Q, so I did not understand why this one has been dormant so long with everything else moving.
PDGM - 1.41/1.42 Nice news out this AM. Gapped up in the AM.
CNEX - .095/.10 News, and finally it is starting to move higher.
DHB looks nice. Wish I had bought this when it was under $2.
CNEX - .091/.095 Volume coming in big time today. I added.
STKR - .99/1.00 Reverse split approved, but Nasdaq said they are in compliance anyway, so the RS is not needed.
QSC - .91/.94 Still looks like it wants to go higher.
MCTL - 1.11/1.14 Still moving higher slowly.
BOCX - .15/.18 Trying to go higher.
See the SI board for more info on some of these.
IECE - Hit 1.65 before backing off. New 52 week high. Sold on the up move, but looking to get back in as soon as it drops.
PROX - 1.74/1.75 Nice news.
Proxim Access Points Selected by Hughes Network Systems for Satellite Wi-Fi Access Solution
Wednesday October 15, 9:29 am ET
IEEE 802.11b Wireless Internet Access Enabled by Proxim ORiNOCO Access Points
SUNNYVALE, Calif., Oct. 15 /PRNewswire-FirstCall/ -- Proxim Corporation (Nasdaq: PROX - News), a global leader in wireless networking equipment for Wi-Fi and wide area networks, today announced it will provide its ORiNOCO Access Points to Hughes Network Systems, Inc. (HNS).
ADVERTISEMENT
HNS, the world's leading provider of satellite broadband services and products, has selected Proxim's ORiNOCO Access Points as an integral part of its DIRECWAY® Wi-Fi Access solution. Each Wi-Fi Access Hot Spot includes at least one Proxim Access Point integrated with an HNS-manufactured, two-way broadband satellite terminal, which provides high-speed Internet access using the nationwide DIRECWAY service. HNS is offering its fully managed solution to Wireless Internet Service Providers (WISPs) and other value-added resellers interested in expanding public Wi-Fi Internet access.
"HNS can provide Wi-Fi Access virtually anywhere in the U.S. by leveraging our continent-wide DIRECWAY high-speed Internet service," said Mahesh Bhave, vice president at HNS. "We selected Proxim because of its commitment to continuing development of enhanced functionality. Its ORiNOCO product line allows us to build a carrier-class solution by incorporating advanced remote network management capabilities at each site."
Proxim's ORiNOCO Access Points are designed to handle the unique requirements of public hot spot deployments. Their dual-slot architecture enables multi-standard support, higher user density and the option of using one slot to extend the wireless network to other access points for larger locations. Additionally, Proxim's ORiNOCO products offer advanced security and remote management capabilities to make deployments more robust and simple.
"With its satellite network, HNS has a unique opportunity to provide wireless Internet access anywhere in the country for a wide variety of applications," said Deborah Ablahat-Cipriano, senior vice president of sales and marketing for Proxim. "Proxim is pleased to be part of this opportunity and encouraged by the continued positive reception our ORiNOCO Access Points are receiving worldwide."
After SI went down yesterday, we thought it was a good idea to set up shop here as well. Plus, it allows access for other posters that won't post on SI. Gary G. should be posting over here from time to time.
EKCS - Taking a look. May nibble on a few shares.
BSDM was a barn burner today. For those that have held long term, this was a nice payoff.
GBI is still showing acitvity on tuesday from the acitivity that started on Friday.
PROX is still trying to go higher. One of my favorite trading stocks.
IPVO - .185/.19 PR just out. Starting to move.
EMFP - .43/.43 PR out this AM. Sales to the military. Also a nanotechnology play.
MFIC - $1.05/1.15 Up .40 cents. Stock breaking out.
The former CEO of CYTR is now the CEO of CNEX (.10/.102) which is now trying to come to life. PR out a couple of days ago.
AICX - $1.14/1.17 Stock is at a bottom now for those of you who like to bottom fish.
Applied Imaging Introduces Enhanced Genetic Analysis System
Wednesday September 17, 7:01 am ET
SANTA CLARA, Calif., Sept. 17 /PRNewswire-FirstCall/ -- Applied Imaging Corp. (Nasdaq: AICX - News) announced the release of the latest generation of its CytoVision® genetic analysis system. This new release provides the Company's clinical laboratory customers with faster processing speed, additional functionality and improved productivity.
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The new release of the CytoVision system addresses one of the major challenges in cytogenetics laboratories -- maintaining efficiency, productivity and throughput in the face of an increasing workload and a decline in the number of qualified genetic technologists. Using CytoVision to relieve this workload and increase case throughput, technologists can dedicate their time to do the skilled analyses for which they are trained.
Applied Imaging is also introducing its concept of the paperless genetics lab. By importing and integrating various documents along with the results of the cytogenetic testing, CytoVision provides the laboratories with an electronic database of information for seamless access by technologists, lab directors and physicians.
This latest version of CytoVision also provides expanded functions to assist in the detection of fluorescent-labeled DNA probes in cells. The functions can be used in both clinical and research settings to aid the cytogeneticist in the detection of specific genetic abnormalities, such as the presence or absence of a particular segment of DNA. Genetic abnormalities are often associated with the development of cancer and other diseases. Current oncology research is focused on the development of therapies that can precisely target specific genetic abnormalities. Patients who may benefit from these therapies are identified by various biological and laboratory factors, including fluorescent DNA probe results.
"We are very excited about these enhancements to our CytoVision system," commented Carl Hull, President and Chief Executive Officer of Applied Imaging. "CytoVision has been the leading system for genetic imaging and analysis purposes during the past decade, and our newest release reinforces our commitment to meet the rapidly evolving needs of genetics analysis laboratories throughout the world."
About Applied Imaging
Applied Imaging Corp., based in Santa Clara, California, is the leading supplier of automated imaging systems utilized in genetics and pathology laboratories throughout the world for the analysis of chromosomes in cancer and prenatal disorders. The Company markets a range of imaging systems for fluorescence and brightfield microscopy applications, including the Company's Ariol(TM), MDS(TM), SPOT(TM), CytoVision®, PowerGene® and QUIPS® product lines. Applied Imaging has installed in excess of 3,000 systems in over 1,000 laboratories in more than 60 countries.
For additional information on Applied Imaging, visit the Company's Web site at http://www.aicorp.com .
Thanks for checking out our board over on SI.
"That guy"
Catfish
TLNT - .305/.32 This is trying to break out. Anyone else watching this?
IPVO - .17/.18 Volume coming in now.
TLNT - .29/.31 Up .06 cents, and may be starting to move.
MDPA - Continued from RB. THe pharmacy is about to be sold, and that should help the price to move higher.
By: bigjeza
08 Aug 2003, 01:35 AM EDT
Msg. 4566 of 4614
Jump to msg. #
This may just be a coincidence.....
METCARE Advised of Investigation around the same time
UMass President Testifies Before Congress Under Immunity
UMass President Testifies Before Congress Under Immunity
POSTED: 11:34 a.m. EDT June 19, 2003
UPDATED: 9:28 p.m. EDT June 19, 2003
WASHINGTON -- William Bulger told lawmakers Thursday that he has no idea where his fugitive mobster brother is and that the FBI, despite claims it was searching feverishly for James "Whitey" Bulger, never interviewed him.
William Bulger, the president of the University of Massachusetts and a prominent political figure in Massachusetts, told a congressional panel that two FBI agents arrived at his South Boston home last week and asked to speak to his wife.
Whitey Bulger (pictured in FBI retouched photo, right), an FBI informant now on the agency's Ten Most Wanted Fugitives list, fled in 1995 after he was tipped by his FBI handler that he was to be indicted and implicated in 21 murders.
Members of the House Government Reform Committee are investigating the FBI's handling of its mob informants and whether William Bulger knows his brother's whereabouts. Lawmakers also want to know whether William Bulger sought to use his political influence to benefit himself and to punish authorities pursuing his brother.
"So eight years later, the FBI gets around to inquiring of you and your wife ... as to the whereabouts of your brother?" Rep. William Delahunt, D-Mass., asked.
"That's the first direct effort," Bulger said, nodding his head.
Bulger said the two men identified themselves as FBI agents James Stover and J. Michael Doyle. They told his daughter they wanted to talk with her mother and that they only wanted her to listen to them, Bulger said. He and his wife were not home.
Bulger said the two men referred to the case of Eric Rudolph, recently captured in North Carolina. He said they told his daughter: "They're tearing that town apart. That's what will happen here. But if we can get someone in the family, just one person, to drop, say, something, that will help us arrest the fugitive, James Bulger, it will be over just like that. We will even help to rebuild your father's reputation."
The FBI has said agents visited the house four days after Whitey Bulger disappeared, but Bulger said he did not remember that. Bulger said he was never interviewed by the FBI. If approached, he said, he would have referred them to his lawyer.
Angelo Rinchiuso, a spokesman in the FBI's Boston office, declined to comment on Bulger's testimony. He would neither confirm nor deny if there are FBI agents by the names cited by Bulger.
For years, congressional investigators, the media and the public had wondered what Bulger thought of his brother, long rumored to have been in such places as Mexico, Britain and the Caribbean since fleeing.
But Bulger, a former state Senate president before he took the university post, shed no light on his brother's whereabouts. He said there is little he could have done to steer his brother from a life of crime.
"I was unable to penetrate the secretive life of my older brother. He marched to his own drummer and traveled a path very different from mine," Bulger said. "Jim had his own ways I could not possibly influence."
Bulger (pictured, left) testified he had a brief telephone conversation with his brother after he fled. But, William Bulger said, they never discussed whether Whitey Bulger should turn himself in, and he never advised Whitey Bulger to stay away.
In subsequent years, William Bulger came to believe the FBI wanted his brother killed -- especially after the media was leaked the news that Whitey Bulger had been an FBI informant.
Committee members encountered the insulated and protective nature of the South Boston neighborhood where the Bulgers grew up, alongside boys who later became FBI agents.
News Channel 10's Larry Estepa reported that the committee used words like "shameful" and "sickening" to say the FBI turned a blind eye to crime to protect informants like Whitey Bulger.
"Misuse of informants in Boston has left an indelible mark on the public's perception of the FBI," said Rep. Tom Davis, R-Va., the committee's chairman.
One committee member compared the FBI to the old soviet KGB.
"We say to ourselves, thank God that couldn't happen here. Well, it happened here," said Rep. Stephen Lynch, D-Mass.
Rep. Christopher Shays, R-Conn., summed up the saga this way: "I believe without any hesitation to say to you that this is a story about corrupt law enforcement on the federal, state and local level, but particularly the FBI. It's a story of political corruption, deep and serious, and it's a story of organized crime, and they all mixed together in this incredible cocktail."
William Bulger's testimony comes two months after the committee granted him immunity from prosecution. In December, he was called before the committee, but refused to answer questions.
That refusal inflamed political opponents, including Republican Gov. Mitt Romney, who called on him to resign. Romney also tried to eliminate Bulger's university position.
Bulger acknowledged that furor in his remarks Thursday, noting that a political foe claimed Bulger chose "my brother over my civic duties and my public responsibilities. There is no basis in fact for such an assertion."
FeedRoom
Tale Of Two Brothers
And while he professed to be candid with the panel, he testified knowing that if he contradicted anything he told a grand jury in 2001, he could be charged with perjury.
Committee members on Wednesday said their goal was not to "get" Bulger.
"He has a very distinguished career and nobody is trying to get him in trouble," Davis said.
He warned, however, that the immunity would not protect Bulger if he lied to Congress.
Lawmakers posed many questions about whether Bulger used his influence as Senate president to help his brother. They said they wanted to know if he got involved when Whitey Bulger was arrested at an airport trying to carry $500,000 onto a plane.
And they want to know if he used his Senate position to quash a federal investigation into a real estate development project known as 75 State St. The FBI agent in charge of that investigation reportedly worked closely with Whitey Bulger when he was an informant.
MDPA - More from RB.
By: bigjeza
08 Aug 2003, 01:14 AM EDT
Msg. 4565 of 4614
Jump to msg. #
Interesting past characters. this just gets better.
On September 24, 2002, Metcare accepted the resignations of Marvin Heiman, Michael Cahr, William Bulger and Robert Buchannon as directors.
BULGER
WILLIAM M. This guy just resigned as president of UMASS. His brother is connected with the mob.
Glad these guys are gone........
MDPA - From the RB board. The investigation has nothing to do with the company.
By: bigjeza
08 Aug 2003, 12:24 AM EDT
Msg. 4564 of 4614
Jump to msg. #
A little DD on the Investigation.
Some interesting reading.
Superfly Widow, Family in Legal, Financial Mess
Thursday, July 17, 2003
By Roger Friedman
People, get ready. There's a lawsuit a-coming.
Altheida Mayfield, the widow of R&B legend Curtis Mayfield is furious with the main trustee for her late husband's estate -- and she's not going to take it anymore. Altheida's lawyers have prepared a 20-plus page court motion which, when filed, will ask the Atlanta probate court to remove Curtis' longtime manager Marv Heiman from all of the Mayfield Family trusts.
Curtis Mayfield was quite literally a musical genius and social commentator. He composed and performed the music for classic films like Superfly, Sparkle, and Let's Do It Again. He also wrote many other dozens of famous songs like "I'm So Proud," "People Get Ready," "It's All Right," "Let's Do It Again," "Gypsy Woman," and "Move on Up." His protégés included R&B stars Jerry Butler ("I'm the One Who Loves You") and Major Lance ("Monkey Time").
But Mayfield died in 1999 at age 57, nine years after he became a paraplegic after a tragic accident. While performing at an outdoor venue in Brooklyn in 1990, a light tower fell on him. Mayfield could not move from then on. He kept working however, issuing a much-praised album called New World Order in1996.
When Mayfield died he left a widow and 10 children of various ages from different relationships. But Altheida was his longtime spouse and mother of six of his children. (All six of Altheida's kids plus two of Curtis's older children are official beneficiaries of the estate.)
Nevertheless, Mayfield appointed his manager Heiman as executor of the will. Heiman is President and Chairman of the Board of Sussex Financial Group, Inc. and Sussex Insurance Group in Deerfield, Illinois.
But now Altheida says that in less than four years Heiman has severely damaged the Mayfield Family Trust, helping himself to millions in fees.
At the same time, Altheida claims Heiman has caused innumerable tax problems for her and the children.
But Heiman won't leave. His response to her request that he step down as executor? Altheida says Heiman simply refused. Even worse, she says he told her that she would not receive her quarterly income payment from the trust.
"He wanted to make sure I didn't have enough money to pay my lawyers to remove him," she said.
Altheida Mayfield's Atlanta-based attorney, Joseph Farrell, of Quirk & Quirk, says however that he thinks finally through negotiation he may have persuaded Heiman to disburse the widow's funds.
A call to Heiman at his home in Highland Park, Illinois was not returned.
Farrell has not yet filed his motion to remove Heiman from the estate, something which rankles Altheida Mayfield. Nevertheless the papers have been drawn up, and a look at them does not cast Heiman in the best light.
At the center of Altheida's complaint is a UCC filing -- another "securitization" or "Bowie Bond" situation -- in which the Mayfield heirs were in essence taking a loan against Curtis' copyrights.
"I don't know why Marv did that," Altheida Mayfield says now. "We didn't need the money. But I was so distraught after Curtis' death I wasn't paying close attention."
According to the complaint, Heiman secured the copyrights for $5.4 million. He then paid each of the eight heirs $65,000 apiece, adding as well two more Mayfield children who weren't even listed as proper heirs.
Heiman paid himself nearly ten times that amount: $540,000, a 10 percent commission.
According to the complaint, Heiman also took commissions in 2000 and 2001 totaling $380,000 on other publishing deals. That brings Heiman's total commissions to $920,000 over a two year period. Not bad.
Heiman has also collected over $350,000 in office expenses and more than half-million bucks in management fees from the Mayfield Trust since Curtis Mayfield's death four years ago.
Altheida Mayfield also accuses Heiman of investing her money in a firm called Metropolitan Health Networks, a small Florida company. Heiman, she says, never told her he was an officer of the company and that his relatives were shareholders. According to the company's financial filings, Heiman was a director on August 10, 2001 when he purchased 5,000 shares as an insider. He resigned the position a little over a year later.
According to a report published in Business Week, the company is also under investigation by the State Attorney General in Wilmington, Delaware.
Heiman, it should be noted, was a 30 percent partner with Curtis Mayfield in his businesses for three decades before his death. On the Curtis Mayfield albums reissued under Heiman's sales and deals he credits himself in the album notes as "contractor."
More to come, I'm sure, as this very disturbing saga unfolds...
okeah,
The best thread on the internet for small stocks is the Microcap Kitchen over on Silicon Investor. What we recommend there is that you create a watch list of stocks mentioned on the thread. Then once you create a watch list, look at the charts, study the fundamentals, and when you are comfortable with your decision, buy. You can create a watch list over at Yahoo for free. This will start to give you a base of stocks to work from with out doing screens, or depending on anyone else's buy recommendations. If you are depending on someone else to tell you WHEN to buy, you are probably getting in late, and paying a higher price. So, create an environment where you can make your own decisions. Btw, Gary Grobbel on the Microcap Kitchen thread was recommending APOA at .04 cents BEFORE anyone else ever found it.
Also, get off of margin, it can wreck you. I speak from personal experience. Buy smaller quantities. It cuts down your risk, and it gives you the flexibibility to move in and out quicker. There is nothing wrong with buying OTC BB stocks, but you have to buy the right OTC BB stocks. From stocks recommended on the Kitchen thread, (and I have owned these) some have moved up to an AMEX or full Nasdaq listing. RAEE was the latest. Now RAE on the AMEX, we were buying this stock in the .50 cent area BEFORE anyone else found it.
I hope this helps. Here is a link to the thread.
http://www.siliconinvestor.com/stocktalk/subject.gsp?subjectid=50570
CYAN - .55/.59 Volume alert. Up .101 so far on no news.
IPVO - .205/.21 Volume still strong for 2nd day.
NXXI - 1.38/1.39 up .86 cents. How did I miss this?
I am glad to see that this board has moved over to I-Hub. Mostly, I post over on the Microcap Kitchen on SI as Catfish, but this has become a good board for sharing stock information as well.
HIET - .91/.95
HiEnergy Signs Agreement for Marketing and Sales of CarBomb Finder(TM) in Saudi Arabia and 17 Countries in Middle East and Africa
Thursday August 21, 10:15 am ET
IRVINE, Calif., Aug. 21 /PRNewswire-FirstCall/ -- HiEnergy Technologies, Inc. (OTC Bulletin Board: HIET - News) today announced that on July 28, 2003 it signed an Exclusive International Distribution Agreement for its Beta-model CarBomb Finder(TM) with Electronic Equipment Marketing Company (EEMCO) based in Riyadh and London. EEMCO will have rights to distribute the CarBomb Finder(TM) to the following entities and countries: Kingdom of Saudi Arabia Land Forces, Signal Corps, RSAF, Ministry of Interior and Navy; the Middle-East countries of Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, UAE, Iraq, Yemen, Syria, Jordan, and Lebanon; and the North African countries of Sudan, Libya, Egypt, Morocco, Tunis, Algeria, and Mauritania. The agreement is subject to the approval of the HiEnergy Technologies' Board of Directors.
EEMCO is an ISO 9001 certified electronic company in Saudi Arabia, specializing in telecommunication equipment, turnkey systems, HF, VHF, UHF, Satellite, TV & Broadcast and Test & Measurements solutions since 1964.
"We are pleased that HiEnergy has invented this bomb detection technology," said EEMCO's General Manager, Meqbil Al Tamimi. "The CarBomb Finder(TM) will open a new era of tight security in a world which needs peace for development. The initial market survey indicates a large sales potential for both models, 302 for parked cars and 303 for the moving ones. We are optimistic that we will be able to market this product aggressively in the entire region," he said.
"HiEnergy has always considered the Middle East and North Africa to be promising markets for our anti-terrorism products," said Dr. Bogdan C. Maglich, Chairman, CEO and Chief Scientific Officer, HiEnergy Technologies, Inc. "This agreement should open these markets like never before, arming HiEnergy with local expertise and a trusted history of business interactions within the region," he said.
HiEnergy's CarBomb Finder(TM) is a new series of remote, clandestine detectors of bombs in trunks, seats and engines of parked or moving vehicles. The CarBomb Finder(TM) uses HiEnergy's patent pending stoichiometric explosives detection technology and is designed for use in police cars to decipher the chemical composition of the contents of other vehicles.
ABOUT EEMCO:
Electronic Equipment Marketing Company Limited (EEMCO) is a limited liability company wholly owned by Saudi nationals and registered in Riyadh, Saudi Arabia under Commercial Registration number 1010006945 dated 26 Shaban 1398H (corresponding to 29 August 1978) with a branch in Al-Khobar under Commercial Registration number 1010006945/001 and serial No. 16207.
It enjoys a wide range of customers, from Military, the Ministry of Defense & Aviation (MODA), to Government, the Ministry of Interior and the Ministry of Information, to the private sector, the Saudi Telecom Company, and industrial clients including Saudi ARAMCO and SCECO.
EEMCO represents a number of reputed companies (&OEM) in their fields such as:
Harris RF Communications
Thrane & Thrane
Pinnacle Systems
Tektronix
Fujikura
Consultronics
Flann Microwave
Bird Electronic Corp
Harris Broadcast Communications
Leitch Technology International
Panda Electronics
IFR, UK
Anritsu
Lloyd Instruments
Wavetek
L3 Communications
ABOUT HIENERGY TECHNOLOGIES, INC.
HiEnergy Technologies, Inc. has developed patent pending stoichiometric explosive detection technology that remotely determines the chemical formula of concealed substances, including explosives, biological weapons, and illegal drugs through barriers in a short period of time. 'Stoichiometric' means detection that deciphers the chemical formula of unknown substances. At the same time, SuperSenzor(TM) produces an image of the investigated object. HiEnergy is developing systems that have applications in several markets, including airport security screening, bio-weapons detection, landmine detection, contraband detection, and chemical and petrochemical industry applications. HiEnergy's technology has been developed through several years of research and under grants from the Department of Defense and the US Customs agency. The shares of the company are publicly traded under the symbol HIET.
Please read about the following factors that could materially affect the
IPVO - .135/.145 PR out this AM. They announced profits, and of course volume is coming in.
IECE - $1.22/1.30 PR out two days ago with earnings of .10 for the Q. Price hit $1.50 before retracing. I suspect this will be much higher eventually.
TRIB $2.83/2.87 PR out this AM. Very nice earnings. Looking for a quick bounce back over $3.
XTRN - .13/.14 Volume way up, but stock has not moved much yet.
INSS - .165/.175 Up .035 cents so far. I posted this up over on SI at .12 cents, but RB has become so difficult to use, I didn't bother. INSS is profitable, but as far as upside on this move, it is anyone's guess. You have to think that at some point it will be higher than where it is now due to the fundamentals alone.
It is much easier to read posts here than the glitchy RB. I hope the rest of the group moves over as well.
DataLogic Receives Additional Purchase Orders Worth in Excess of $25 Million From the State of Rhode Island
Wednesday February 5, 9:22 am ET
Third Major Award in Six Months Reflects State Government's Confidence in Firm
GARDEN GROVE, Calif., Feb. 5 /PRNewswire-FirstCall/ -- DataLogic International, Inc. (OTC Bulletin Board: DLGI - News), operating through its wholly owned subsidiary, DataLogic Consulting, Inc., is pleased to announce that the State of Rhode Island has awarded the Company an exclusive add-on five-year service contract worth in excess of $25 million in future revenues.
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Under the terms of the contract, the Company will be the sole-provider of professional staffing services to the State of Rhode Island's 12 additional agencies in addition to the existing five-year $10 million contract with the Department of Health. A partial list of new agencies include Attorney General, Judiciary, School for the Deaf, Department of Mental Health, Retardation and Hospitals, Department of Children, Youth and Families, Department of Corrections, Department of Human Services, and Emergency Management Agency. Some of the public safety staffing needs will entail domestic preparedness planning for the National Guard, as well as lead poisoning, anthrax and bioterrorism prevention response for the Department of Health. The bulk of the contract will consist of medical/healthcare professional staffing to various state facilities.
Derek Nguyen, CEO of DataLogic stated, "We are extremely pleased with our recent achievements in the healthcare/medical and governmental solutions departments. Our dedication to success and our tenacious efforts in acquiring new business in these tough economic times have demonstrated that we are committed to growing the Company in the best interest of our shareholders. This contract, along with the previous $10 million Department of Health award, will certainly qualify as a major turning point for the Company this first quarter of 2003."
About DataLogic International
DataLogic, operating through its wholly-owned subsidiary, DataLogic Consulting Inc., is a professional service company dedicated to solving its clients' business problems with technology-based solutions. Its services include SAS consultancy, project management, software development, Internet solutions, telecommunications/wireless integration, value added reselling/training and IT outsourcing. The Company also provides short and long term staffing solutions to IT clients and healthcare/medical providers.
Among the industries that DataLogic serves include Communications, Energy, Financial, Government, Healthcare, Manufacturing, Retail and Transportation. A partial list of the Company's current and previous clients include Alcon Labs, Amgen, Boeing, Compaq Computer, Cisco Systems, City of Houston, Commonwealth of Virginia, FDNY, FedEx, IBM Corp., International Paper, Orange County Transportation Authority (OCTA), PacifiCare/RX Solutions, Phillips Petroleum, Prudential Healthcare, State of Rhode Island, SAS Institute and Sun Microsystems. For more information on DataLogic International, Inc., go to www.dlgi.com or contact Andy Arms at EquitiLink, LLC (877) 788-1940.
This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. Some of these factors include the ability of the company to raise sufficient capital, attract qualified management, attract new customers and effectively compete against similar companies.