Active Smallcap & Microcap Investor
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
FONAR Selects The Anne McBride Company to Perform Investor and Public Relations
MELVILLE, N.Y., Sep 8, 2004 (BUSINESS WIRE) -- FONAR Corporation ( FONR ), The MRI Specialist(TM), announced today that it has retained The Anne McBride Company, Inc. to provide strategic investor relations and public relations counsel.
Raymond Damadian, president and founder of FONAR said, "We have reached the time to proactively and accurately share FONAR's story with the US capital market. We have chosen The Anne McBride Company to communicate our market opportunities, growth drivers, and business strategy to a larger and more diverse group of investment professionals and media. It was critical for us to choose a firm that could provide senior level counsel of the highest caliber, with expertise in reaching all of our key audiences."
"We are excited to work with FONAR," stated Anne McBride, Chairman and CEO of The Anne McBride Company. "We are looking forward to working with the management team to develop a focused communications program to target their investors, customers and the public in general and build its brand in the competitive and continually growing medical device industry. Having worked closely with many successful small-cap companies, we are confident that we will increase liquidity and expand their shareholder base, especially to the institutional market."
About FONAR
FONAR was incorporated in 1978, making it the first, oldest and most experienced MR manufacturer in the industry. FONAR introduced the world's first commercial MRI (a whole-body MRI scanner) in 1980, and went public in 1981. Headquartered on Long Island, New York, with over 500 employees, FONAR has installed about 300 MRI scanners worldwide. The Company's stellar product line includes the Upright(TM) Stand-Up(TM) MRI, the only whole-body MRI that can image the patient in upright and numerous weight-bearing positions as well as perform Position Imaging(TM) (pMRI(TM)). With over 100,000 patients scanned, the patient-friendly Stand-Up(TM) MRI has a near zero claustrophobic rejection rate by patients. Approximately 85% of patients are scanned sitting while the patient watches a 42" flat screen TV. Its versatile patient bed allows the patient to be scanned lying down, standing, as well as in the flexion and extension positions. FONAR's other product, the FONAR 360(TM), is a room-size recumbent scanner that optomizes openness while facilitating physician access to the patient.
About The Anne McBride Company
Established since 1992, The Anne McBride Company is a full service financial communications and strategic consulting firm based in New York. It offers clients corporate communications, financial media, and strategic and analytical expertise. The Company has developed a unique teamwork approach to assist companies in enhancing shareholder value. The Anne McBride Company has five global offices and services clients in 25 countries. For more information, visit www.annemcbride.com.
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
FONAR Corporation
Daniel Culver or David B. Terry, 631-694-2929
www.fonar.com
or
The Anne McBride Company, Inc.
Brandi Piacente, 212-983-1702 ext.208
www.annemcbride.com
Copyright (C) 2004 Business Wire. All rights reserved.
Universal's Secure Risks Ltd. Launches International Property -IP- Practice; New Practice to Target Growing Risks of Brand and IP Piracy to Global Businesses
NEWPORT BEACH, Calif., Sep 7, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. ( UGHO ), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, today announced that Secure Risks Ltd., a wholly owned subsidiary of Universal Guardian, has launched an Intellectual Property (IP) practice focused on mitigating corporate risk with regard to intellectual property theft and infringement.
The theft of Intellectual Property (IP), including piracy and counterfeiting, represents a growing multi-billion loss to businesses globally each year. The trend of outsourcing to overseas manufacturers along with the proliferation of the Internet and telecommunications are further assisting the counterfeiters in their abilities to steal and infringe on companies' intellectual property. This increasing threat requires a systematic and strategic approach to security and risk prevention.
"Here at Secure Risks, we specialize in providing multi-national corporations, brand owners and financial institutions with comprehensive Business Intelligence, Risk Mitigation and Asset Protection services worldwide," said Michael Stannard, Managing Director and Chief Operating Officer of Universal's Secure Risks Ltd. "As such, we have provided IP risk mitigation services to leading global companies and brands, including Reebok, Coca-Cola, Johnson & Johnson, Ford, Pfizer, Philip Morris and LVMH. The addition of a practice focused on providing corporate intellectual property security and risk prevention is simply a natural extension of our core expertise and an area we expect will grow in the months and years ahead."
Secure Risks Ltd. has provided IP risk mitigation services to a number of leading global brands, including Reebok ( RBK ), Johnson & Johnson ( JNJ ), Eli Lilly ( LLY ) and Diesel, the popular Italian clothing retailer, among others.
Universal operates from global offices in Los Angeles (Newport Beach), London, Zurich, Dubai, Cape Town, Cyprus, Kabul, Jakarta and Hong Kong, and is opening additional locations in 2004 in Washington, D.C., Paris, and Baghdad.
About Secure Risks Limited
Secure Risks, a wholly owned subsidiary of Universal Guardian Holdings, Inc, is a London based, global counterterrorism, security, training and business risk solutions group providing practical risk solutions, tactical security and critical infrastructure protection in today's most challenging environments from regional hubs located in London, Cyprus, Kabul, Cape Town, Jakarta, Hong Kong, Los Angeles (Newport Beach), with offices opening in Washington, D.C., Dubai, United Arab Emirates, Baghdad, Iraq, and Caracas, Venezuela. www.securerisks.com.
Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. http://www.universalguardian.com.
SOURCE: Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc.
Michael J. Skellern, 949-861-8295
or
Investor Relations Contact:
CCG Investor Relations
Crocker Coulson, 818-789-0100
Copyright (C) 2004 Business Wire. All rights reserved.
New $3.7 Million Security Contract Awarded to Secure Risks' Strategic Security Solutions Group
NEWPORT BEACH, CALIF., Aug 17, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. ( UGHO ), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, announced today that its Secure Risks' Strategic Security Solutions business unit has commenced operations on a new $3.7 million contract to provide strategic security operations for International Relief and Development, Inc. (IRD) in Afghanistan.
"We are developing security programs and will provide security management and armed security services to protect reconstruction teams operating throughout Afghanistan," stated Bruce Braes, Secure Risks' Strategic Solutions Managing Director. "The initial IRD contract value is $3.7 Million, over a 10 month period through May 2005, with options for extensions," Mr. Braes continued.
Michael Stannard, Secure Risks' Managing Director, added, "We are extremely proud to be associated with this client who is at the forefront of the international reconstruction and development effort in the new Afghanistan." Mr. Stannard also commented, "We believe this to be the first of many contracts to protect important organizations such as IRD during reconstruction efforts in high-risk environments around the world."
About International Relief and Development, Inc. (IRD)
IRD is a private voluntary organization (PVO) dedicated to improving the quality of life of people in the most economically deprived parts of the world by facilitating and supporting assistance tailored specifically to their needs. IRD works with a wide range of organizations (domestic and foreign government agencies, international organizations, international and local PVOs and U.S. corporations) in the implementation of targeted, cost-effective relief and development programs. Founded in 1998 by Dr. Arthur B. Keys, Jr., IRD has provided more than $128 million in humanitarian assistance to Asia, Africa, Latin America, the Balkans and the Newly Independent States.
About Secure Risks Limited
Secure Risks, a wholly owned subsidiary of Universal Guardian Holdings, Inc, is a global counterterrorism, security, training and business risk solutions group providing cost-effective risk mitigation, tactical security and critical infrastructure protection to major and newly organized governments, militaries, multi-nationals and business clients in today's most challenging environments. Its international management team of former senior intelligence, special operations, and law enforcement personnel operate from regional hubs located in London, Los Angeles (Newport Beach), Dubai, Cyprus, Kabul, Cape Town, Caracas, Jakarta and Hong Kong, with new offices opening in Washington, D.C. www.securerisks.com
Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. http://www.universalguardian.com
SOURCE: Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc.
Michael J. Skellern, 949-861-8295
or
CCG Investor Relations
Crocker Coulson, 818-789-0100
Copyright (C) 2004 Business Wire. All rights reserved.
Vasomedical to Hold Fiscal Fourth Quarter 2004 Financial Results Conference Call August 17, 2004
WESTBURY, N.Y., Aug 11, 2004 (BUSINESS WIRE) -- Vasomedical, Inc. (NASDAQ SmallCap: VASO), will report financial results for the fourth quarter of fiscal 2004 on Tuesday, August 17, 2004 after market close and will hold a conference call at 4:30 p.m. Eastern Time to discuss these results. Photios T. "Fred" Paulson, 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, 2004 by dialing (800) 642-1687 from the U.S. or (706) 645-9291 for international callers and entering passcode 9357201.
Those interested in listening to the conference call live via the Internet may do so by visiting the Company's web site at http://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
Vasomedical, Inc. is primarily engaged in designing, manufacturing, marketing and supporting EECP(R) external counterpulsation systems based on the Company's proprietary technology. EECP is a non-invasive, outpatient therapy for the treatment of diseases of the cardiovascular system currently indicated for use in cases of angina, cardiogenic shock, acute myocardial infarction and congestive heart failure. 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 maintenance program designed to provide optimal patient outcomes. EECP is a registered trademark of Vasomedical, Inc. Additional information is available on the Company's website at http://www.vasomedical.com/.
SOURCE: Vasomedical, Inc.
CONTACT: Vasomedical, Inc.
Thomas W. Fry, 516-997-4600
investorrelations@vasomedical.com
or
Investor Relations
Lippert/Heilshorn & Associates, Inc.
Kim Sutton Golodetz, 212-838-3777
kgolodetz@lhai.com
or
Bruce Voss, 310-691-7100
bvoss@lhai.com
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: NEW YORK
INDUSTRY KEYWORD: BANKING
MEDICAL
DEVICES
MEDICAL
BIOTECHNOLOGY
CONSUMER/HOUSEHOLD
CONFERENCE
CALLS
EARNINGS
STOCK SYMBOLS: [(vaso)]
The latest PR was another addition to HQNT's growing revenues for 2004. However, this stock is suffering for the sole reason of the very late 10K for 2003. Management explained the reasons for the delay at the recent shareholder's meeting and also stated that the 10K would be seen "within the current quarter". We just have to wait it out now. Whenever they finally get this problem corrected we can look forward to very strong 2004 earnings based on the contracts HQNT has announced this year to date (including the one yesterday).
FONAR Installs Stand-Up MRI in New Jersey - and the Patients Love It; 46 Stand-Up MRIs Now Installed
MELVILLE, N.Y.--(BUSINESS WIRE)--08/13/2004--FONAR Corporation (NASDAQ:FONR), The MRI Specialist(TM), announced today it has installed a Stand-Up(TM) MRI at Tilton Dynamic Imaging in Northfield, New Jersey. FONAR has now installed 46 Stand-Up(TM) MRIs. (To see a picture of the facility, go to: www.fonar.com/news/081304.htm). Mr. Norman Brettler, M.H.A., administrator of Tilton Dynamic Imaging said, "Patients love to be scanned in a non-threatening, open, spacious environment. That's why they love to be scanned in the Stand-Up(TM) MRI. Even if patients are highly claustrophobic, they will still be able to be scanned in the FONAR Stand-Up(TM) MRI. If a patient has a claustrophobic reaction in this scanner, they will probably feel claustrophobic standing in our parking lot!"
"One of our patients," continued Mr. Brettler, "was 6'7" and weighed 430 lbs. Another traveled 80 miles to be scanned in the Stand-Up(TM) MRI. We also had a very anxious patient come to us who was unable, because of her claustrophobia, to complete an MRI elsewhere, but desperately needed to get it done. She had no problem being scanned in the Stand-Up(TM) MRI. In fact, when she finished the exam, she cried tears of joy. For patients like these, the FONAR Stand-Up(TM) MRI is a Godsend."
Mr. Brettler continued, "Our referring physicians have been very impressed with the quality of our Stand-Up(TM) MRI images, as well as the diagnostic superiority of an Upright(TM) imaging system. We have seen many examples where pathology would have otherwise been missed had it not been for the Position(TM) imaging abilities of the Stand-Up(TM) MRI."
The Stand-Up(TM) MRI is the world's only whole-body MRI scanner with the ability to perform Position(TM) Imaging (pMRI(TM)), i.e. patients can be scanned sitting, standing, bending as well as lying down. Because of its unique top-open and front-open magnet design, the Stand-Up(TM) MRI is remarkably spacious and non-claustrophobic.
Tilton Dynamic Imaging is located at 1226 Tilton Road, Northfield, NJ ((609) 383-2400). Its web site is: http://www.tiltondynamicimaging.com.
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 or David Terry, 631-694-2929 Fax 631-390-9540 www.fonar.com
SOURCE: FONAR Corporation
08/13/2004 08:31 EASTERN
H-Quotient Finalizes Contract
VIENNA, Va., Aug 12, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) signed a contract that completes the negotiations announced on July 6, 2004, when "it was unanimously selected as the finalist by the Board of Directors of a large northeastern medical group to provide it with the Company's PhysicianQuotient practice management and electronic medical records software."
The terms call for a minimum payment of $380,000 plus $2,400 per year for two years and $3,000 for the third year for each additional doctor joining the group. Payments by the group for subsequent years are to be negotiated.
Depending upon how many additional doctors are added and what sums are negotiated for years four, five, six and beyond, the contract will potentially result in substantially more revenue than called for by the preliminary negotiations: an initial cash payment of $450,000 and annual cash payments of at least $42,000.
President and CEO Douglas Cohn said, "This contract brings revenue, referrals and consulting expertise, all of which can only enhance the reach and quality of PhysicianQuotient."
For more information visit the H-Quotient web site at http://www.hquotient.com.
SOURCE: H-Quotient, Inc.
H-Quotient, Inc.
Ashley Bell and Tabatha Morrow, 703-752-0690
Copyright (C) 2004 Business Wire. All rights reserved.
Markland Technologies Inc. Reports Strong July Monthly Revenue Figures
RIDGEFIELD, CT--(MARKET WIRE)--Aug 10, 2004 -- Markland Technologies, Inc. (OTC BB:MRKL.OB - News) (http://www.marklandtech.com),/ an integrated homeland security company, announced today that it has reported preliminary, un-audited revenues of $4,767,000 for the month of July, 2004, representing a nearly fifty-fold increase over prior year revenue for the same period. Most of this increase comes from Markland's newly acquired and wholly-owed subsidiary, EOIR Technologies, Inc.
EOIR Technologies, Inc. has experienced strong sales revenue momentum in recent months as it continues to receive new contracts from; Department of Defense, Department of Homeland Security and other US government intelligence agencies.
Markland CEO/Chairman Robert Tarini stated that, "We are very pleased with the progress achieved to date of integrating EOIR Technologies into our corporate operating structure. We believe the continuing elevated threat levels in the United States, and the Middle East, are fueling our growth in existing markets and providing a platform for expansion into new market segments which we believe will create the potential for increased revenue growth. The Markland workforce which, consists of approximately 200 employees is completely dedicated to helping secure America now and into the future."
About Markland Technologies
Markland Technologies, Inc. is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org)./
Contact:
Contact:
Markland Technologies, Inc.
http://www.marklandtech.com/
ECON
Dawn Van Zant
866-730-1151
dvanzant@investorideas.com
Trevor Ruehs
truehs@investorideas.com
-------------------------------------------
Source: Markland Technologies, Inc.
William ``Beau'' Glanton Appointed Managing Director of Universal's Secure Risks Limited -- United States
NEWPORT BEACH, Calif., Aug 5, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. (OTCBB:UGHO), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, announced today that Mr. William (Beau) Glanton has joined Universal's Secure Risks Limited as Managing Director -- United States.
Mr. Glanton served as a senior executive with the Central Intelligence Agency. He has over 30 years of experience in intelligence collection operations. Mr. Glanton personally directed and participated in several premiere intelligence operations, working in difficult overseas environments. He was a major influence in persuading the intelligence community and the United States Congress to re-staff overseas "lock and leave" facilities with U.S. Marine security guards and/or to maintain a 24-hour presence. Mr. Glanton initiated and developed programs to provide consultation and threat and vulnerability assessments on physical security at overseas United States installations. He retired from federal service in January of 2000.
Prior to joining Secure Risks, Mr. Glanton was a Senior Security Inspector for the Department of State, Office of the Inspector General, where he provided on-site physical, technical, and emergency preparedness security inspections and recommendations for embassies and consulates at selected overseas sites. As part of those inspections, Mr. Glanton evaluated the effectiveness of local guard force protection programs, physical and technical security. This included the full range of perimeter and internal protection, as well as the mission's ability to respond to emergency situations -- ranging from a fire to a major terrorist bomb attack. Mr. Glanton also holds a Top Secret/SCI clearance.
"Beau Glanton's international recognition as an intelligence community expert, coupled with his unique physical security expertise in providing threat and vulnerability assessments for U.S. Government agencies, affords Secure Risks a competitive edge and greater client confidence. Mr. Glanton's experience will also assist Secure Risks in providing effective systems and services to protect government and commercial assets against terrorist and security threats in some of the world's most hostile environments," stated Mike Stannard, Secure Risks' Chief Operating Officer.
"I look forward to being an integral part of Secure Risk's management team of senior intelligence, special operations and law enforcement professionals. I also look forward to combining Secure Risks' global security resources with my expertise to deliver the most comprehensive, leading edge and effective security solutions available anywhere," commented Beau Glanton.
About Secure Risks Limited
Secure Risks, a wholly owned subsidiary of Universal Guardian Holdings, Inc, is a global counterterrorism, security, training and business risk solutions group providing cost-effective risk mitigation, tactical security and critical infrastructure protection to major and newly organized governments, militaries, multi-nationals and business clients in today's most challenging environments, operating from regional hubs located in London, Los Angeles (Newport Beach), Cyprus, Kabul, Cape Town, Caracas, Jakarta and Hong Kong, with offices opening in Washington, D.C., Dubai, United Arab Emirates, and Baghdad, Iraq. www.securerisks.com.
About Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. http://www.universalguardian.com.
SOURCE: Universal Guardian Holdings, Inc.
CONTACT: Universal Guardian Holdings, Inc., Newport Beach
Michael J. Skellern, + 1 949.861.8295
or
CCG Investor Relations, Sherman Oaks, Calif.
Crocker Coulson, +1 818.789.0100
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: LEGAL/LAW
GOVERNMENT
AEROSPACE/DEFENSE
MANAGEMENT
CHANGES
STOCK SYMBOLS: [(ugho)]
$2M in Contracts to Support US Army Awarded to Markland Subsidiary EOIR Technologies Inc.
RIDGEFIELD, Conn., Aug 03, 2004 (PRIMEZONE via COMTEX) -- Markland Technologies, Inc. (OTCBB:MRKL) (http://www.marklandtech.com/), an integrated homeland security company, announced today that the US Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded EOIR Technologies Inc., a wholly owned subsidiary of Markland, contracts in the amount of $1,985,823 for EOIR to provide support services for the development and testing of airborne sensors and data collection platforms over a 24 month performance period.
The support services to be provided by EOIR personnel are as follows:
-- Design and fabrication of sensors and data collection equipment.
-- Execution of airborne and laboratory experiments.
-- Collection, reduction and analysis of data from various flight, field, or laboratory tests.
-- Preparation of documentation to support management and technical aspects of sensor development and test programs.
These contracts are part of an ongoing NVESD Omnibus Contract.
Markland CEO/Chairman Robert Tarini stated, "Our omnibus contract with the Night Vision Labs provides the opportunity to supply up to $80M in products and services to the Army in the present corporate fiscal year. Markland's intent is to continue to provide the highest quality services possible to help support our troops overseas and to help ensure that they continue to 'Own the Night'."
About Markland Technologies
Markland Technologies, Inc is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders, and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org/).
Markland Technologies, Inc is a featured Company on HomelandDefenseStocks.com
For full details, click here: http://www.homelanddefensestocks.com//Companies/MarklandTech/NewsReleases.asp
The ECON Investor Relations Inc. logo is available at: 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: ECON Investor Relations Inc.
By Staff
CONTACT: Markland Technologies http://www.marklandtech.com/ ECON Corporate Services (866) 730-1151 Dawn Van Zant dvanzant@investorideas.com Trevor Ruehs truehs@investorideas.com
(C) 2004 PRIMEZONE, All rights reserved.
-0-
SUBJECT CODE: HOMELAND SECURITY
CONTRACTS
Business Contracts
STOCK SYMBOLS: [(mrkl)]
FONAR Sells 1st Stand-Up MRI to Puerto Rico; Sale Made to Former Customer of a FONAR 'Open' MRI
MELVILLE, N.Y.--(BUSINESS WIRE)--08/03/2004--FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today the sale of a Stand-Up(TM) MRI to Open MRI of Puerto Rico, San Juan, Puerto Rico. In 1997, Open MRI of Puerto Rico purchased a QUAD(TM) 7000 MRI 'Open' recumbent scanner from FONAR. (Visit their Web site for a picture of the QUAD(TM) at www.openmriofpr.com/openmriofpr/pagina3.html).
Oscar Crespo, M.D., the president and radiologist of Open MRI of Puerto Rico said, "The Stand-Up(TM) MRI has the best of all MRI worlds. First, it's clearly the patient-preferred MRI. The vast majority of patients scanned in the Stand-Up(TM) MRI are scanned in a seated position while watching a large-screen TV. It's far more comfortable than conventional, lie-down MRIs, whether they're the confining 'tunnel-type' MRIs or even Open MRIs. Unlike other MRI manufacturers that ended up sacrificing magnetic field strength in order to build a roomier and more patient-friendly scanner, FONAR successfully developed the most comfortable MRI in the world while actually increasing magnetic field strength to 0.6 Tesla, which is double the strength of earlier FONAR MRI models."
"At 0.6 Tesla," continued Dr. Crespo, "the FONAR Stand-Up(TM) MRI produces images of superb quality. With its unique ability to scan patients in upright, weight-bearing positions, it provides important diagnostic information that is impossible to obtain with any lie-down scanner. As an experienced MRI provider, I view the Stand-Up(TM) MRI as a dream come true. I'm very proud to be introducing this wonderful technology to the people of Puerto Rico."
Raymond Damadian, president and founder of FONAR said, "We are delighted that we have sold our first Stand-Up(TM) MRI to Puerto Rico and to an old friend, Dr. Crespo. It is very satisfying when a former customer purchases another scanner from us."
FONAR's Stand-Up(TM) MRI is the world's first and only MRI scanner that performs Upright(TM) and Position(TM) Imaging (pMRI(TM)), where the patient can be scanned sitting, standing, bending, in flexion and extension, or in the conventional recumbent position. Patients are often scanned in their position of pain or symptom. This allows for the detection of pathology that could go undiagnosed on conventional MRI scanners. Patients love the Stand-Up(TM) MRI, especially those who have previously had an MRI scan and found them very noisy and claustrophobic. The rejection rate by patients is nearly zero.
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, Melville Daniel Culver or David B. Terry, 631-694-2929 Fax: 631-390-9540 www.fonar.com
SOURCE: Fonar Corporation
New FONAR Stand-Up MRI in New Jersey Becoming 'First Stop For MRI'
MELVILLE, N.Y.--(BUSINESS WIRE)--07/30/2004--FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today that it has installed a Stand-Up(TM) MRI, the Company's Upright(TM) Imaging system, at the new University Imaging Center in Vineland, New Jersey. The center is conveniently located a quarter mile from South Jersey Hospital, a brand new state-of-the-art facility and latest member of the South Jersey Health System. (University Imaging Center is located at 1051 West Sherman Ave, Suite 2B, Vineland, NJ 08360 ((856)-692-2133.) (For a picture go to http://www.fonar.com/news/073004.htm).
"Patient demand is increasing every day," said Farrukh Kazmi, administrator for University Imaging. "We have been open only a short time, but our scan volume has already increased substantially. Encouraged by our initial success here in Vineland, we are sticking with our timetable for purchasing four (4) additional FONAR Stand-Up MRIs."
When asked for the reasons for the early success of University Imaging Center, Mr. Kazmi answered: "We understand the medical business and the medical marketplace. It's fundamentally an issue of quality - which means quality service and quality equipment. We work hard to meet the needs of our patients and their doctors and, with the Stand-Up(TM) MRI, we offer the most advanced MRI medical device available today."
"When we first opened the site," continued Mr Kazmi, "most of our referrals were patients who were too claustrophobic to tolerate other MRI scanners. That was fine with us because we could easily meet that challenge. The FONAR Stand-Up(TM) MRI is unequivocally the 'Patient Preferred MRI.' With the Stand-Up(TM) MRI patients are not slid into a confining 'tunnel,' and there is nothing in front of the patient's face or overhead to induce a claustrophobic reaction. On the contrary, most Stand-Up(TM) MRI patients sit comfortably watching a 42" TV throughout the exam. Once the referring doctors saw the quality of our exams, the quality of our service, and learned of the Stand-Up(TM) MRI's added ability to scan patients in weight-bearing positions, many of them have made University Imaging Center their first stop for MRI."
"Working with FONAR has gone very smoothly," continued Mr. Kazmi. "In our initial meetings with FONAR, we agreed on a time schedule that would get our new Stand-Up(TM) MRI installed as quickly as possible. FONAR was always ahead of schedule. In fact, FONAR was usually waiting for our construction workers to finish their work before FONAR could move forward."
"The FONAR Service Department deserves some credit too," added Mr. Kazmi. "The image quality of our scans is consistently excellent, and they respond quickly and professionally whenever we have a technical problem. I would like to stress how thankful we are to FONAR for meeting every commitment they have made."
MRI Specialist, Stand-Up, Upright, Position, pMRI and The Proof is in the Picture are trademarks of FONAR Corporation.
Be sure to visit FONAR's Web site for Company product and investor information: http://www.fonar.com
CONTACT:
FONAR Corporation Daniel Culver / David Terry, 631-694-2929 www.fonar.com
SOURCE: FONAR Corporation
FONAR Sells Stand-Up MRI to Kentucky Medical Center
MELVILLE, N.Y.--(BUSINESS WIRE)--07/27/2004--FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today that the Company has sold a Stand-Up(TM) MRI to Pikeville Medical Center, a 261 bed hospital, in Pikeville, Kentucky. (For pictures go to http://www.fonar.com/news/072704.htm.)
Walter E. May, President, Board of Directors, of Pikeville Medical Center, said, "We purchased the FONAR Stand-Up(TM) MRI because we at Pikeville Medical Center pride ourselves on having the latest and best technology. Our radiology department has two 1.5 Tesla MRIs less than a year old, two brand new 16-slice CT scanners, and two 64-slice CTs on order.
"We felt our radiology department would not be complete without a FONAR Stand-Up(TM) MRI," continued Mr. May. "One major reason for our decision is that the Stand-Up(TM) MRI is able to accommodate claustrophobic patients better that any MRI in the industry can. The claustrophobic rejection rate for the Stand-Up(TM) MRI is nearly zero because patients typically sit comfortably enjoying a program being played in a large-format TV screen. There is nothing in front of their faces or over their heads to create anxiety or a 'closed-in' feeling. Patients are relaxed and the MRI images are superb."
"Furthermore," continued Mr. May, "you don't have to be a doctor to recognize that the ability to scan patients in weight-bearing positions is extremely useful. Because of the Stand-Up(TM) MRI, orthopedists can, for the first time, evaluate a patient's problem with the patient assuming the very position that is causing the pain, whether it's sitting, standing, lying down, or bending over."
"The Stand-Up(TM) MRI is also ideal for kids. Today nearly every young child undergoing an MRI exam is fully anesthetized so that he doesn't move during the scan. This requires extra medical staff; it's costly; and there are always risks associated with anesthesia. But we saw the Stand-Up(TM) MRI case where a very active, two-year-old MRI patient sat motionless on his mother's lap watching his favorite TV show. The diagnosis was easily made, and it was all done without any anesthetics. It's a very exciting advantage that we are proud to make available to our community," said Mr. May. (For more details go to http://www.fonar.com/news/061404.htm).
The Stand-Up(TM) MRI is the world's only whole-body MRI scanner with the ability to perform Position Imaging (pMRI), i.e. patients can be scanned standing, sitting, bending or lying down. Because of its unique ability to scan patients in weight-bearing postures, the Stand-Up(TM) MRI identifies pathologies that may go undetected on other MRI scanners.
Raymond Damadian, president and founder of FONAR said, "We are delighted to sell our Stand-Up(TM) MRI to such a fine medical center and we look forward to working with them for years to come."
MRI Specialist, Stand-Up, Upright, Position, pMRI and The Proof is in the Picture are trademarks of FONAR.
Be sure to visit www.fonar.com for Company product and investor information:
CONTACT:
FONAR Corporation, Melville Daniel Culver or David B. Terry, 631-694-2929 Fax: 631-390-9540 www.fonar.com
SOURCE: FONAR Corporation
07/27/2004 07:30 EASTERN
Universal Guardian Holdings, Inc. Launches International Non-Lethal Operations
NEWPORT BEACH, Calif., Jul 23, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. ( UGHO ), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, announced today that it has opened Shield Defense International Limited (SDI) in Hong Kong to meet anticipated production and global distribution demands of its non-lethal products.
Government leaders, international law enforcement agencies and security companies in the United States, United Kingdom, Middle East and Asia have recently expressed significant interest in Shield Defense's non-lethal products.
"Universal's Shield Defense is gaining increasing attention in the growing non-lethal categories after the lethality of competitive products, such as Taser, have been called into question," stated Dennis Cole, President of Shield Defense. "Our Cobra Stunlight(TM), 'the Real Non lethal Alternative'(SM), provides law enforcement, military and professional security organizations with the most versatile non-lethal defense system available...an everyday-use non-lethal product that doubles as heavy-duty flashlight, provides brilliant target illumination and launches a laser-aimed stream of debilitating chemical agent 21 feet," added Mr. Cole, a retired SWAT Team Commander and former Police Chief.
"Much of the recent interest in purchasing Shield Defense non-lethal products reflect the changing dynamics of use-of-force issues in countries around the world," stated Mike Stannard, Managing Director of Secure Risks, Universal's London-based global security company. "Secure Risks' access to government agencies and security markets in numerous countries facilitates cross-marketing of non-lethal products and all Universal products and services," Mr. Stannard concluded.
Cobra Stunlight(TM) is currently expected to be available this August for introduction to law enforcement and military. Commercial availability will trail as production ramps over the next five months.
About Shield Defense International
Shield Defense International (SDI), a wholly-owned subsidiary of Universal Guardian Holdings, Inc., designs and produces non-lethal weapons and projectiles that are designed for use in environments where mobility, accuracy, and dependability are paramount, and meet existing consumer, homeland security, military and law enforcement use-of-force requirements. Shield Defense non-lethal weapons will provide military commanders with a variety of offensive and defensive options to address appropriate threat conditions in today's growing global security and terrorist environment. www.ShieldDefense.com
About Secure Risks Limited
Secure Risks, a wholly owned subsidiary of Universal Guardian Holdings, Inc, is a London based, global counterterrorism, security, training and business risk solutions group providing practical risk solutions, tactical security and critical infrastructure protection in today's most challenging environments from regional hubs located in London, Cyprus, Kabul, Cape Town, Jakarta, Hong Kong, Los Angeles (Newport Beach), with offices opening in Washington, D.C., Dubai, United Arab Emirates, Baghdad, Iraq, and Caracas, Venezuela. www.securerisks.com
Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. www.universalguardian.com
Further information is available on the Company's website: http://www.universalguardian.com.
SOURCE: Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc.
Michael J. Skellern, 949-861-8295
or
CCG Investor Relations
Crocker Coulson, 818-789-0100
Copyright (C) 2004 Business Wire. All rights reserved.
Markland Technologies Testifies at Congressional Hearing on Tax Incentives for Homeland Security Related Expenses
RIDGEFIELD, CT, Jul. 22, 2004 (MARKET WIRE via COMTEX) -- Markland Technologies, Inc. (OTC BB: MRKL) (http://www.marklandtech.com/), an integrated homeland security company, is pleased to provide the full testimony provided by Mr. Ken Ducey, President of Markland Technologies, to Congress on July 21, 2004. The hearing was to provide testimony with regard to legislation HR 3562, designed to provide tax incentives to promote private sector Homeland Security initiatives.
The Subcommittee on Rural Enterprises, Agriculture and Technology of the Committee on Small Business U.S. House of Representatives invited the Homeland Security Industries Association to testify. Markland is a Board member of the Homeland Security Industries Association (HSIA) and previously testified on September 29, 2003 at the Congressional Hearing of the House Government Reform Committee's Subcommittee on National Security and Emerging Threats for HSIA.
The July 21, 2004 Testimony of Mr. Ken Ducey, Markland Technologies on Behalf of the Homeland Security Industries Association (HSIA):
"Mr. Chairman, members of the Subcommittee, is a pleasure to appear before you today. Accompanying me today is Bruce Aitken; Chairman of Homeland Security Industries Association (HSIA). HSIA was organized in November 2001, and formally launched over a year ago. We have over 400 members, ranging from multi-billion dollar defense contractors, to mid-sized firms to start-ups and incubator firms. Our panel today reflects this cross section.
In my oral presentation today, I will summarize the views and recommendations of HSIA. We ask that our complete written statement, which will be filed separately, be included in the record of this proceeding. The Association's views represent the consensus of HSIA members but not the particular views of any one member. In general, HSIA strongly supports legislation such as HR 3562 to provide tax incentives to promote private sector Homeland Security initiatives.
Since 9/11, America has begun a fundamental transformation from an open society to one that must continually weigh the security of its citizens and corporate assets from terrorist attack. In the immediate aftermath of 9/11, the Administration and the Congress acted with vigor. Unfortunately, partisan politics in the Legislative Branch held up rapid increases in HLS funding, as that Congress did not release FY 2003 funding until nearly half way through the current fiscal year. This meant that the substantial increases in HLS funding that had been anticipated last fall -- for First Responders and others -- did not begin to be released until 17 months ago. Since then, the Administration has moved quickly but First Responders and others involved in HLS still have many needs, for which funding has just begun. As a consequence, it is understandable that frustrations have been felt among First Responders throughout the country and among the companies who hope to serve them, including HSIA members.
America is an open society. That is the strength of our democracy and the source of our vulnerability. Two years ago, on the first anniversary of 9/11, the Washington Post analyzed America's vulnerability to terrorist attack and gave us an overall grade of "C-" for HLS. Of course, this is unacceptable. America faces a challenge, which is likely to take years to accomplish. Therefore, we repeat a call we made in Congressional Staff briefings in January and February 2003 for an end to partisanship in HLS.
Our concerns about the HLS fall into three categories: (a) federal procurement; (b) state and local procurement and (c) private sector initiatives.
With respect to federal HLS procurement by DHS and other federal agencies with related procurements, we believe that the Administration has done a commendable job in successfully launching the new Department in a very short time, as well as in meeting its deadline to federalize airport passenger and baggage screening. In addition, we commend the Department for its so-called "Industry Days." DHS has gone to great and commendable lengths to outreach to the federal contracting community to share with firms DHS's vision, acquisition plans and updates about its programs.
However, we have communicated to Congress on other hearings constructive suggestions to help improve this system in the future. We believe that the incidence of sole-source contracts, and sole-source delivery orders off the GSA Schedule, should decrease.
Today we address the need for tax incentives for Homeland Security related expenses. In the April 6, 2003 Sunday New York Times, an article appeared which predicted that by 2008, annual HLS spending would increase from he 2003 annual level of about $60 million to $200 billion annually. And the article predicted that 2/3 of this spending would be in the private sector. Yet the bet estimates we have seen suggest that since 9/11, private sector spending for HLS has increased only 4%. HSIA worked with a group organized by the American National Standard Institution (ANSI) from January 2004 to May 2004. The purpose of this group was to develop a recommendation for the 9/11 commission to help promote development of voluntary private sector HLS standards. We accomplished this and made a recommendation that NFPA 1600 serve as a model or framework for HLS private sector standards.
This led to a discussion about how to induce the private sector to invest in HLS measures and equipment. This is a critical issue since the vast majority of U.S. critical in the structure is privately owned. The consensus of our group, which included over 40 organizations, was that the 9/11 commission should recommend to Congress tax incentives. Not only for private companies investing in HLS initiatives, but also for municipalities.
In conclusion, we strongly support the committee's efforts on this important subject. We would be happy to answer any questions. Thank you."
Ken Ducey
Markland Technologies
About HSIA:
The Homeland Security Industries Association (HSIA) is a non-profit corporation established in August 2002. Our mission is to provide a mechanism for government and the private sector to coordinate on a wide range of homeland security issues.
The four principal goals of HSIA are: Monitoring and analyzing of legislation, regulation and related hearings concerning homeland security; Coordinated identification and dissemination to members of information regarding federal, state and local requests for proposals (RFP) related to homeland security procurement; Development of position papers reflecting industry positions and concerns that may be shared with federal and local official; and Networking among industry representatives.
About Markland Technologies
Markland Technologies, Inc is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org/).
Contact:
Markland Technologies, Inc.
http://www.marklandtech.com/
ECON
Dawn Van Zant
866-730-1151
dvanzant@investorideas.com
Trevor Ruehs
truehs@investorideas.com
SOURCE: Markland Technologies
Copyright 2004 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Government:National
Government:Security (law enforcement, homeland etc)
Professional Services:Accounting, Audit and Tax
H-Quotient Announces Advertising Revenue Program
VIENNA, Va., Jul 21, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) announced the parameters of its advertising revenue program. LabQuotient (www.labquotient.com), a unique and innovative Internet site, matches real-time, continuously updated laboratory tests with diagnoses. Because the universe for this product includes the medical and related insurance and legal professions, the Company expects to garner more net income from advertising than it would have gained from subscriptions. Therefore, LabQuotient has been placed on the Internet free of charge.
Initial advertising has already commenced, including advertising for the Company's PhysicianQuotient EMR and PMS software. LabQuotient provides an ideal conduit to advertise this product, and the initial number of hits to the LabQuotient site tends to confirm this. Hits to the site form the basis for establishing advertising rates and attracting advertising clients, some of which have already been initiated.
President and CEO Douglas Cohn said, "We are very pleased to be able to combine a potentially lucrative economic model with the free distribution of important information to the medical community."
For more information visit the H-Quotient web site at http://www.hquotient.com.
SOURCE: H-Quotient, Inc.
CONTACT: H-Quotient, Inc.
Ashley Bell and Tabatha Morrow, 703-752-0690
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
Markland Subsidiary EOIR Technologies Inc. Awarded $4M Contract by US Army Night Vision Electronics and Sensors Directorate
RIDGEFIELD, CT, Jul. 20, 2004 (MARKET WIRE via COMTEX) -- Markland Technologies, Inc. (OTC BB: MRKL) (www.marklandtech.com), an integrated homeland security company, announced today that the US Army's Night Vision and Electronic Sensors Directorate (NVESD) has awarded EOIR Technologies Inc., a wholly owned subsidiary of Markland, a contract in the amount of $3,977,995. This contract is part of an ongoing NVESD Omnibus Contract. This funding award is for EOIR to provide support services for the development of sensors and platforms over a 24 month performance period.
The support services to be provided by EOIR personnel are as follows:
-- Assist in the construction of prototype sensors, data collection
devices and surrogate vehicles.
-- Provide technical support for the integration of prototype multi-
sensor suites.
-- Provide spare parts, new equipment or repairs as required to support
fabrication of prototype sensors and collection platforms.
-- Design and fabricate test fixtures, mechanical subassemblies and
complete systems as required for certain integration tasks.
Markland CEO/Chairman Robert Tarini stated, "This award is one of many that we expect from our NVESD Omnibus Contract. It exemplifies the continued close working relationship EOIR has with the US Army customer. We are proud of our efforts to support our soldiers in the field with the best sensor technology available."
About Markland Technologies
Markland Technologies, Inc is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org).
Contact:
Markland Technologies, Inc.
http://www.marklandtech.com
ECON
Dawn Van Zant
866-730-1151
dvanzant@investorideas.com
Trevor Ruehs
truehs@investorideas.com
SOURCE: Markland Technologies
Copyright 2004 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Aerospace and Defense:Electronics and Communications
Government:Security (law enforcement, homeland etc)
H-Quotient Launches Free Diagnoses/Tests Website: labquotient.com
VIENNA, Va., Jul 20, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) announced the launching of Free LabQuotient at: http://www.labquotient.com
LabQuotient allows medical, insurance, and legal professionals to instantaneously match diagnoses with appropriate laboratory tests. This is a valuable tool for the industry, and unlike reference books, the site is continuously updated to provide the latest tests available.
Several years in development, LabQuotient was created to provide an important tool to the medical and medical-related communities. It places doctors, insurers and lawyers on the same page, a fact that can help to lower malpractice insurance and reduce insurance payment denials. More importantly, LabQuotient helps physicians choose the appropriate tests to confirm specific diagnoses, and correlate ICD-9 codes and normal values.
The site, which is supported by advertising revenue, provides a receptive audience for medical-based advertisers.
President and CEO Douglas Cohn said, "LabQuotient is a unique and valuable tool that enhances the quality and efficiency of healthcare worldwide, which is why we are providing it free of charge. Science is advanced through the free sharing of knowledge. Further, this corresponds to successful Internet business models, and we are confident that advertising revenue will meet or exceed our income expectations for LabQuotient."
For more information visit the H-Quotient web site at http://www.hquotient.com.
SOURCE: H-Quotient, Inc.
H-Quotient, Inc.
Ashley Bell and Tabatha Morrow, 703-752-0690
Copyright (C) 2004 Business Wire. All rights reserved.
FONAR's Rate of Stand-Up MRI Installations Continue to Grow, 45 Now Installed
MELVILLE, N.Y.--(BUSINESS WIRE)--07/20/2004--FONAR Corporation (NASDAQ:FONR), The MRI Specialist(TM), announced today that as of June 30, 2004 it has installed its 45th Stand-Up(TM) MRI. In the past fiscal year, from July '03 - June '04, the Company installed 25 Stand-Up(TM) MRIs as compared to the previous fiscal year from July '02 - June '03 when it installed 13. The 13 installations were an advance over the earlier fiscal year from July '01 - June '02 when 7 Stand-Up(TM) MRI scanners were installed. These data indicate continuing growth in FONAR's ability to increase the rate of production and installation of scanners to accommodate rising customer demand.
Raymond Damadian, president and founder of FONAR said, "Our customers are pleased that we have met their timetables without difficulty."
David B. Terry, Senior Vice President of FONAR said, "Our fundamentals continue to improve. This was reflected in our May 17, 2004 third fiscal quarter 2004 earnings release (http://www.FONAR.com/news/051704.htm) where we reported that revenues and net losses improved continuously for three quarters. In the first fiscal quarter of 2004 we had a net loss of $3.8 million on revenues of $13.3 million. These figures improved in the second fiscal quarter to a net loss of $2.6 million on revenues of $17.9 million. Our third and most recent fiscal quarter continued to show improvements as net losses dropped to $1.5 million and revenues increased to $19.4 million. We believe these results indicate that the Company is achieving its goal of profitability, although the day-to-day vicissitudes of the marketplace of global economics in general causes the Company to refrain from predicting."
Dr. Damadian added, "An installed Stand-Up(TM) MRI with its Position(TM) Imaging capability is the Company's best salesman. Physicians and patients can then see for themselves the benefits of Upright(TM) Imaging."
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 or David B. Terry, 631-694-2929 www.fonar.com
SOURCE: FONAR Corporation
Graham Dick Appointed Regional Director, Latin America and Caribbean, of Secure Risks Ltd.
NEWPORT BEACH, Calif., Jul 19, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. ( UGHO ), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, today announced that it has appointed Graham Dick Regional Director, Latin America and Caribbean, of Secure Risks Ltd., Universal's London-based global security subsidiary, with responsibility for overseeing and implementing the Company's growth and sales strategy within Latin America and the Caribbean.
Prior to joining Secure Risks, Mr. Dick, 45, was Senior Intelligence Officer attached to Her Majesty's Customs and Excise. He has over twenty years experience in high level investigations and intelligence. Mr. Dick has led some of the most high profile drug investigations conducted by HM Customs and Excise and has worked closely with law enforcement agencies throughout the world.
For the last 9 years Mr. Dick has been involved in the UK's overseas narcotics network, firstly as the United Kingdom's Drugs Liaison Officer attached to the British Embassy in Caracas, Venezuela. He was responsible for implementing the UK's anti narcotics strategy in Venezuela, Trinidad and Tobago, Guyana, Surinam, French Guyana and the Dutch Antilles. He was also responsible for advising the British Ambassadors and UK Government Ministers on the drug trade and strategy within these countries.
On return to the UK Mr. Dick took up a post coordinating and managing the UK Governments overseas Drugs Liaison Officer network and activities in South and Central America and the Caribbean. He was responsible for the operational activities of these officers, their health and safety and the strategic development of the network. He was the liaison point for strategic and operational planning with other Government departments, law enforcement agencies, security and intelligence agencies and foreign counterparts. Mr. Dick was also responsible for bilateral projects between HM Government and Latin America and Caribbean Governments, and the development and implementation of training packages ranging from surveillance and situation awareness to cultivation of sources and operational planning and control.
During all of this period Mr. Dick worked extensively with the governments, law enforcement and intelligence agencies of many countries in Latin America and the Caribbean. He has established high level political, law enforcement and commercial contacts throughout the region.
"I am pleased to welcome Mr. Dick to Secure Risks Ltd," said Michael Stannard, Managing Director and Chief Operating Officer of Secure Risks Ltd. "His current experience in Latin America and his high level contacts within Governments and law enforcement agencies in the majority of Latin and Caribbean countries makes him an ideal choice to open and establish the first office of Secure Risks Ltd in a part of the world where we see exciting opportunities over the coming years. This is another example of our commitment to push Secure Risks Ltd. to be the leading provider of security solutions around the world."
About Secure Risks Limited
Secure Risks is a London based, global counterterrorism, security, training and business risk solutions group providing practical risk solutions, tactical security and critical infrastructure protection in today's most challenging environments, from regional hubs located in London, Cyprus, Kabul, Cape Town, Jakarta, Hong Kong, Los Angeles (Newport Beach), with offices opening in Washington, D.C., Dubai, United Arab Emirates, Baghdad, Iraq, and Caracas, Venezuela. www.securerisks.com
About Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. http://www.universalguardian.com
SOURCE: Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc.
Michael J. Skellern, 949-861-8295
or
CCG Investor Relations
Crocker Coulson, 818-789-0100
H-Quotient Declares Dividend
VIENNA, Va., Jul 16, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) declared a dividend for the Quarter ending June 30, 2004, payable in one share of Healthnostics, Inc., (HNST) and one share of H-Quotient, Inc., (HQNT) common stock for each 200 shares of H-Quotient, Inc., stock. The dividend will be payable on or before August 31, 2004, for stockholders of record as of July 30, 2004.
President and CEO Douglas Cohn said, "We are pleased to announce the Company's fifth consecutive dividend."
For more information visit the H-Quotient web site at http://www.hquotient.com.
SOURCE: H-Quotient, Inc.
H-Quotient, Inc.
Ashley Bell and Tabatha Morrow, 703-752-0690
Copyright (C) 2004 Business Wire. All rights reserved.
HQNT To Seek Advertisers for Web-Based Software Product
Ridgeland, MS, JUL 14, 2004 (EventX/Knobias.com via COMTEX) -- H Quotient Inc (OTC: HQNT) filed an 8-K on 7/14, in which the Company reported that on 7/12, at an informational meeting held by the Company for stockholders, the Company announced the following:
1. It will seek advertisers for its LabQuotient Web-based software product and that access to LabQuotient will be offered free to physicians and other users. The Company had previously planned to charge a monthly license fee to users of LabQuotient. The Company announced that it will use the advertising space in LabQuotient to promote the sales of its other products including its PhysicianQuotient medical office management software as well as paid advertisements from third parties.
2. The Company's preliminary unaudited earnings for the year ended December 31, 2003, were $0.13 to $0.15 per share. The Company's audit for the year ended December 31, 2003 will be completed.
Director's Resignation
The Company has accepted the resignation of Jack Anderson as a director of the Company. Mr. Anderson's resignation was due to his serious illness.
GET KNOBIAS IN REAL-TIME: Delivery of this proprietary Knobias alert has been delayed by at least 10 minutes. To get all Knobias alerts in real-time daily, visit www.knobias.com/cmtx
ABOUT KNOBIAS: Knobias is a premier financial information provider of trading and investing data covering all U.S. equities for investors and security professionals. Knobias is best described by its three major components: Real-time desktop applications providing quotes, charts, level 2, analysis etc.; Knobias RAiDAR providing thousands of real-time news stories, alerts and documents daily; Knobias fundamentals providing a comprehensive database of fundamental research information.
CONTACT: Knobias.com, LLC
601-978-3399
601-978-3675
info@knobias.com
www.knobias.com/cmtx
Copyright 2004 Knobias.com, LLC, All rights reserved.
-0-
SUBJECT CODE: Management Issues
Shareholder Issues
Event Filing
Important Co. News
Guidance
Watch Stories
ING Bank Group Selects Secure Risks' Strategic Security Solutions to Provide Security for Afghanistan International Bank
NEWPORT BEACH, Calif., Jul 14, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. ( UGHO ), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, announced today that its Secure Risks Strategic Security Solutions business unit (SSSI) has commenced strategic security operations for Afghanistan International Bank, in Kabul, Afghanistan (AIB) which is managed by ING Group, the global financial institution with 115,000 employees. ING offers banking, insurance and asset management to more than 60 million clients in over 50 countries.
"AIB and ING approached SSSI to develop a security program and provide security management, armed security, and armored cash in transit due to the reputation and level of expertise in protecting vulnerable targets against terrorist and security threats in high risk markets such as Afghanistan," stated Bruce Braes, SSSI Managing Director.
"Although the initial contract value is in the six figures range, we expect the contract value to expand substantially as requirements in the region grow," stated Bruce Braes, SSSI Managing Director. "We are also in negotiation with several other national and international banks over the supply of security personnel and armored cash in transit services, electronic security and security management."
SSSI also provided the security for the Afghanistan International Bank Official Opening Ceremony on 1 July 2004, providing national security officers and explosive detection dog team search. Invited guests included international and national senior financial executives, dignitaries, senior members of the international and national business and governmental community. Honored guests were the Vice President of Afghanistan, The Honorable Hedayat Amin Arsala, and the United States Ambassador to Afghanistan, Ambassador Doctor Zalmay Khalilzad.
SSSI, headquartered in the United Kingdom, operates as a business unit within Universal's subsidiary, Secure Risks Ltd., provides strategic and tactical security services to established and emerging governments, military services, multi-national corporations and high profile business and individual clients around the globe. SSSI's clients include the U.S. Department of State, the U.S. Army, Exxon Mobil, BAE Systems, Raytheon, Coca Cola, Bechtel, Standard and Chartered Bank, the Indonesian National Police, the Argentine Foreign Ministry and many other government and private agencies.
About Secure Risks Limited
Secure Risks, a wholly owned subsidiary of Universal Guardian Holdings, Inc, is a London based, global counterterrorism, security, training and business risk solutions group providing practical risk solutions, tactical security and critical infrastructure protection in today's most challenging environments from regional hubs located in London, Cyprus, Kabul, Cape Town, Jakarta, Hong Kong, Los Angeles (Newport Beach), with offices opening in Washington, D.C., Dubai, United Arab Emirates, Baghdad, Iraq, and Caracas, Venezuela. www.securerisks.com
About Strategic Security Solutions
SSSI provides strategic and tactical security services to major and newly organized governments, militaries, multi-nationals and high profile governments and business clients in every corner of the world. SSSI specializes in high-risk markets and the inherent security challenges of those environments requiring the highest level of expertise and performance. www.strategicssi.com
Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. http://www.universalguardian.com
SOURCE: Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc., Newport Beach
Michael J. Skellern, 949-861-8295
or
CCG Investor Relations, Sherman Oaks
Crocker Coulson, 818-789-0100
Copyright (C) 2004 Business Wire. All rights reserved.
Looking forward to your transcript, Bulldog. We also have some good info from Decibelle who attended the meeting, on the HQNTPROFIT board:
http://ragingbull.lycos.com/mboard/viewclub.cgi?board=CLB01228
The long overdue earnings reports are the one real problem with HQNT but it is a temporary problem. We were already told the 2003 10K will show .13 to .15 eps and the 2004 results should be even better WHENEVER we see them.
And a follow-up from Bulldog...
---------------------------------------------
By: bulldog257
09 Jul 2004, 06:46 PM EDT
Msg. 1675 of 1675
Let me clarify the invitation- We do not think that the shareholders meeting is going to be cancelled.
We also do not know if the Hqnt management will take questions, but we really don't care.
This separate reception is just that-- separate from Hqnt and its management. Doug Cohn, as a shareholder, is invited. Whether he attends is up to him. We sent him a copy of the invitation and he called us immediately to ask why we are doing this on our own, and not coordinating with Hqnt. Our answer was simple, we decided on having the reception this morning during a meeting of several of the Houston shareholders. We want to provide a forum to meet other shareholders and discuss our concerns about the company without the formal setting of a shareholders meeting.
As to the issue of the booze, however positive or negative the shareholder meeting concludes, We think our guests deserve a stiff drink. No matter how many shares any one of us holds, we are all in the same boat.
If you have any questions, but cannot reach us by phone, then you can email us at bulldog257@lycos.com.
(Voluntary Disclosure: Position- Long)
The shareholders meeting is on for Monday. It starts at 4pm EST (after the market close). I expect we will see some kind of news between now and then. In addition to the 10K, remember that we are also overdue on the 1st qtr 10Q which should be the better looking report. Would sure be nice to get them both soon. The AMEX will not admit HQNT until ALL overdue reports are filed.
Universal's Strategic Security Solutions Unit Experiences Strong Growth in Bookings in June
NEWPORT BEACH, Calif., Jul 8, 2004 (BUSINESS WIRE) -- Universal Guardian Holdings, Inc. (OTCBB:UGHO), a full service provider of security products and services to mitigate terrorist, criminal and security threats for governments and businesses worldwide, announced today that its Strategic Security Solutions International (SSSI) business unit has booked preliminary, unaudited revenue of $513,000 in the month of June 2004, representing a nearly five-fold increase over prior year revenue for the same period.
"SSSI has experienced very strong sales momentum in recent months as we continue to receive new contracts from U.S. and foreign governments and multi-national corporations to provide mission-critical security services in an increasingly dangerous global environment," stated Bruce Braes, Managing Director of Strategic Security Solutions.
SSSI, headquartered in the United Kingdom, operates as a business unit within Universal's subsidiary, Secure Risks Ltd., provides strategic and tactical security services to established and emerging governments, military services, multi-national corporations and high profile business and individual clients around the globe. SSSI's clients include the U.S. Department of State, the U.S. Army, Exxon Mobil, BAE Systems, Raytheon, Coca Cola, Bechtel, Standard and Chartered Bank, the Indonesian National Police, the Argentine Foreign Ministry and many other government and private agencies.
Mike Stannard, Managing Director and Chief Operating Officer of Secure Risks, stated, "The continuing elevation of threat levels in the United States, Europe, Asia and the Middle East is fueling Secure Risks' growth in existing markets and provides a platform for expansion into new arenas that we expect will drive increased market share and revenues in the future."
About Strategic Security Solutions International Limited
SSSI provides strategic and tactical security services to major and newly organized governments, militaries, multi-nationals and high profile governments and business clients in every corner of the world. SSSI specializes in high-risk markets and the inherent security challenges of those environments requiring the highest level of expertise and performance. http://www.strategicssi.com/
About Secure Risks Limited
Secure Risks is a London based, global counterterrorism, security, training and business risk solutions group providing practical risk solutions, tactical security and critical infrastructure protection in today's most challenging environments, from regional hubs located in London, Cyprus, Kabul, Cape Town, Jakarta, Hong Kong, Los Angeles (Newport Beach), with offices opening in Washington, D.C., Dubai, United Arab Emirates, Baghdad, Iraq, and Caracas, Venezuela. http://www.securerisks.com/
Universal Guardian Holdings, Inc.
Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats to corporate and government assets. From strategic and tactical security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. http://www.universalguardian.com/
Further information is available on the Company's website: http://www.universalguardian.com/.
SOURCE: Universal Guardian Holdings, Inc.
CONTACT: Universal Guardian Holdings, Inc., Newport Beach
Michael J. Skellern, 949-861-8295
or
CCG Investor Relations, Sherman Oaks
Crocker Coulson, 818-789-0100 (Investor Relations)
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: CALIFORNIA UNITED KINGDOM INTERNATIONAL EUROPE
INDUSTRY KEYWORD: LEGAL/LAW
GOVERNMENT
AEROSPACE/DEFENSE
STOCK SYMBOLS: [(ugho)]
FONAR Stand-Up MRI Sales Climb to 90
MELVILLE, N.Y.--(BUSINESS WIRE)--07/09/2004--FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today that it sold 43 Stand-Up(TM) MRI scanners over the twelve month period ending June 2004. This represents an 87% increase in sales when compared to the 23 units sold in the corresponding period a year earlier. Total Stand-Up(TM) MRI sales now stand at 90. FONAR sold 14 Stand-Up(TM) MRIs in the April-June 2004 quarter compared to 11 sales during the corresponding quarter in 2003. (For more information, see the sales chart on http://www.fonar.com/news/070904.htm.)
"We are proud to have achieved 90 sales of the Stand-Up(TM) MRI," said Raymond Damadian, president and founder of FONAR. The Company continues to improve its fundamentals especially over the last three quarters. (For more information, see the 3rd quarter earnings release http://www.fonar.com/news/051704.htm.) "Our sales success rests primarily on the unique features of the Stand-Up(TM) MRI," continued Dr. Damadian. "Other MRIs can only scan patients lying down. The Stand-Up(TM) MRI not only scans patients lying down but also scans them upright, either standing or sitting. Actually, patients can be scanned in any position. We call this capability Position Imaging(TM) (pMRI(TM)), and only the FONAR Stand-Up(TM) MRI has it. In fact, the ability to scan patients in upright, weight-bearing positions has enabled Stand-Up(TM) MRI scanners, on numerous occasions, to detect pathology that was missed on conventional, lie-down scanners."
"A second reason for the success of the Stand-Up(TM) MRI is its ability to produce diagnostic images of exceptional quality," said Dr. Damadian. "The Stand-Up(TM) MRI is built on a proven platform of 0.6 Tesla technology - technology that FONAR scientists and engineers have been developing since we introduced the first commercial MRI scanner back in 1980," continued Dr. Damadian.
"Finally, as medicine becomes more and more patient driven, MRI patients are becoming less and less tolerant of 'tunnel' MRIs, which are highly confining, claustrophobic, and noisy. With the Stand-Up(TM) MRI, patients typically are scanned in a seated position watching a 42-inch TV," said Dr. Damadian. "Nearly 100% of patients of all ages scanned in the Stand-Up(TM) MRI complete their exams without any difficulty. They love it!"
Sol Ginzburg, Vice President of Sales at FONAR, said, "We are delighted with our sales performance in the first half of calendar 2004, and we're off to a good start for the second half of calendar 2004. While our sales force is out there selling, I'm pleased to report that FONAR is manufacturing a superior, highly-engineered product and is installing scanners, on time, all over the country. That, of course, is key to our sales effort."
MRI Specialist, Stand-Up, Upright, Position, pMRI and The Proof is in the Picture are trademarks of FONAR Corporation
Be sure to visit FONAR's Web site for Company product and investor information: http://www.fonar.com
CONTACT:
FONAR Corporation Daniel Culver/David Terry, 631-694-2929 Fax: 631-390-9540 www.fonar.com
SOURCE: FONAR Corporation
Markland Management Makes Presentation at New York Society of Security Analysts 2004 Homeland Security Industry Conference
RIDGEFIELD, Conn., Jul 6, 2004 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTCBB: MRKL - News), an integrated homeland security company, (http://www.marklandtech.com/) delivered a presentation to an audience of Homeland Security industry analysts on June 30, 2004 in New York City. This presentation included a discussion and review of achievements made to date by Markland, including its most recent acquisition of EOIR Technologies Inc and the company's strategic corporate plan for the future.
Markland was founded in December 2002, and since then has executed on their business plan to develop a portfolio of integrated products and services which are focused on the Homeland Security and DOD Force Protection market place. In 2002, Markland determined that significant revenue opportunities were available in these markets, and that highly differentiated technology solutions would have a great impact.
Markland has made significant achievements towards their goals, which include the following:
-- Purchase of Ergo Systems and establishment of the Company's
Border Security initiatives.
-- Purchase of Gas Plasma Antenna intellectual property assets.
-- Development and successful test of Vehicle Stopping System.
-- Successful completion of four Gas Plasma SBIR programs
directed towards revolutionary improvements in RADAR and
Bio-Decontamination.
-- Purchase of Science and Technology Research Inc and subsequent
delivery of over 225 ACADA portable shipboard chemical
detector units to the US Navy
-- Purchase of EOIR Technologies Inc.
As a direct result of these achievements Markland has created a robust revenue base which is focused on opportunities in the Homeland Security and DOD marketplace.
During the fiscal year ending June 30, 2005, the company expects to continue its rapid growth through three initiatives: 1) Leveraging its premier position in remote sensing technology, 2) Increased organic growth from the Company's Border Security Initiatives and 3) Continuing efforts to acquire select Homeland Security related assets.
Markland Chairman and CEO Robert Tarini stated, "We are focused on continued revenue growth. We believe that our premier remote sensing technology knowledge base will create a standout position in the marketplace. We expect that our revenues during the fiscal year ending June 30, 2005 will be in excess of $60M and that the Company will generate positive cash from operations in this period."
About Markland Technologies
Markland Technologies, Inc is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org/).
CONTACT: Contact:
Markland Technologies, Inc.
http://www.marklandtech.com/
or
ECON
Dawn Van Zant, 866-730-1151
dvanzant@investorideas.com
or
Trevor Ruehs
truehs@investorideas.com
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: CONNECTICUT
INDUSTRY KEYWORD: LEGAL/LAW
GOVERNMENT
AEROSPACE/DEFENSE
TRADESHOW
STOCK SYMBOLS: [(mrkl)]
VRDE hasa board on Raging Bull but it's infected with many bashers (shorts) as is the regular HQNT board over there. Don't know who those idiot bashers think is listening to them. Anyone with half a brain can see they are full of it and only looknig to get longs to sell out too cheap.
Markland Technologies Completes $19M Acquisition of Homeland Security Company
RIDGEFIELD, Conn., Jun 30, 2004 (BUSINESS WIRE) -- Markland Technologies, Inc. (OTC: MRKL - News), an integrated homeland security company, (http://www.marklandtech.com/) announced today that it has completed the purchase of all of the stock of Virginia based E-OIR Technologies, Inc. (EOIR) (http://www.eoir.com/) for $8M in cash and $11M in principal amount of five year notes secured by the assets and stock of EOIR. EOIR is a major technology and services provider to the US Army Night Vision Laboratories and has expertise in wide area remote sensing utilizing both electro-optic and infrared technologies.
EOIR's unaudited revenues for the fiscal year ended December 31, 2003 were $42.7M and for the five months ended May 31, 2004 were $25.7M. EOIR's unaudited pretax income for the fiscal year ended December 31, 2003 was $3.17M and for the five months ended May 31, 2004 was $1.95 million.
EOIR's revenues derive principally from an active contract with the U.S. Army Night Vision Laboratories. This contract provides for sales of up to $406M during the life of the contract. To date EOIR has recognized approximately $120M in revenue under this contract. EOIR has over 150 employees located in several Virginia facilities. Markland believes EOIR is well positioned to capture additional sales in the United States within the Department of Homeland Security and the Department of Defense.
Founded in 1981, EOIR has a long history in remote sensor science, incorporating electro-optical, infrared, acoustics and radar. EOIR has substantial experience in the design of sensor technology particularly in the areas of capturing, processing and exploiting sensor data. Its expertise has particular impact within the DOD and Homeland Security market place. For example EOIR Technologies Inc. has recently performed work for the US Army to identify and recognize chemicals using Fourier transform infrared (FTIR) technology. This project is directed towards detecting concentrations of chemicals or gases utilizing wide area infrared sensing techniques which could enable the sensor to evaluate chemical facilities and to characterize disaster sites at a significant distance from the source.
Markland Chairman and CEO Robert Tarini stated, "We are very excited about this acquisition. The addition of EOIR will expand our operations and our visibility within the Homeland Security arena. We expect the acquisition of EOIR will increase our consolidated revenues during the fiscal year ending June 30, 2005 to more than $60M on a combined basis and significantly increase our cash flow from operations. EOIR fits well into our Homeland Security business plan and creates a significant established revenue stream for the company."
Markland as part of the purchase of EOIR Technologies Inc. has also adopted a Stock Incentive Plan pursuant to which Markland has issued options to purchase a substantial number of shares of its common stock for key employees of EOIR Technologies Inc. Additional details as they pertain to these issued options will be available in the company's filings on Form 8K with the SEC. In connection with this acquisition Markland has also raised an additional $2 million through a private placement of additional shares of its Series D Preferred Stock to a single institutional investor. The Series D Preferred Stock is convertible into common stock at a discount to the market price at the time of conversion.
We expect to file audited financial information for EOIR and pro forma financial information for Markland and EOIR on a combined basis in accordance with SEC requirements. Additional details concerning acquisition of EOIR, the terms of the options issued to key employees and the financing will be available in the company's filings on Form 8K with the SEC.
About Markland Technologies
Markland Technologies, Inc is committed to helping secure America by providing innovative emerging technologies and expert services to meet the country's needs to protect our people, our borders and our infrastructure assets. The Company is a Board member of the Homeland Security Industries Association (http://www.hsianet.org/).
For full details, click here: www.investorideas.com/Companies/MarklandTech/NewsReleases.asp
SOURCE: Markland Technologies, Inc.
CONTACT: Markland Technologies, Inc.
http://www.marklandtech.com/
or
ECON
Dawn Van Zant, 866-730-1151
dvanzant@investorideas.com
or
Trevor Ruehs
truehs@investorideas.com
Copyright (C) 2004 Business Wire. All rights reserved.
-0-
KEYWORD: CONNECTICUT
INDUSTRY KEYWORD: GOVERNMENT
AEROSPACE/DEFENSE
MERGERS/ACQ
STOCK SYMBOLS: [(mrkl)]
No question that the AMEX will not admit HQNT until all overdue filings are in. That means the 10K and the 1st Qtr 10Q which was due May 15th. I would bet we will see these filings before the shareholder's meeting on July 12th.
H-Quotient and Healthnostics Agree on New Contract
VIENNA, Va., Jun 30, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT) and Healthnostics, Inc., (HNST) have replaced the Letter of Intent signed June 21, 2004. The original proposal, which called for the sale of certain H-Quotient software to Healthnostics in exchange for a majority ownership interest in Healthnostics, has been replaced with the following:
1. H-Quotient shall contract with Healthnostics to integrate LabQuotient and PhysicianQuotient for Internet-based distribution.
2. H-Quotient shall contract with Healthnostics to coordinate the marketing of H-Quotient's software products.
3. Healthnostics will utilize its medical websites, http://www.medbioworld.com and http://www.familymedicalnet.com, to advertise and market H-Quotient's software products.
4. Healthnostics will receive up to $500,000 for these services over the next 12 months.
President and CEO Douglas Cohn said, "Healthnostics will bring a value-added benefit to our software product operations through its marketing, Internet and technical expertise that we expect will improve our products, operations and sales."
For more information visit the H-Quotient web site at http://www.hquotient.com.
SOURCE: H-Quotient, Inc.
Copyright (C) 2004 Business Wire. All rights reserved.
Diagnostic Imaging Center in Louisiana Purchases A FONAR Stand-Up MRI
MELVILLE, N.Y., Jun 28, 2004 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ-FONR), The MRI Specialist(TM), announced today that Central Louisiana Imaging Center, a free-standing, multi-modality diagnostic center in Alexandria, Louisiana, has purchased a Stand-Up(TM) MRI.
Ms. Mary Reed, Director of Business and Marketing Affairs for Central Louisiana Imaging Center, ( www.centrallouisianaimaging.com) said, "We carefully researched what is available on today's MRI equipment market and we are convinced that the Stand-Up(TM) MRI is the best fit for our practice. In particular, the Stand-Up(TM) MRI is able to provide the most comprehensive studies of the spine. Conventional MRI scanners can only make images of the spine with the patient lying down. Suppose there is more, possibly critical, information to be gained by imaging patients in an upright position? This is no far-fetched scenario. We've seen several compelling cases where the FONAR Stand-Up(TM) MRI detected pathology when the patient was scanned in an upright position that went undetected on a lie-down MRI scanner. When you consider the fact that about half of all MRI scans done in the world today are of the spine, it would be a big mistake for a state-of-the-art imaging center to do without Position(TM) Imaging (pMRI). Besides spine scanning, the Stand-Up(TM) MRI makes excellent images of every other region of the body as well, including the brain, abdomen, knees and shoulders."
"At the outset," continued Ms. Reed, "we decided to purchase only state-of-the-art diagnostic equipment. So when it came to choosing an MRI, we selected the best - the FONAR Stand-Up(TM) MRI, the world's only scanner that can perform upright, weight-bearing, Position(TM) Imaging."
"We expect to be doing something new with our FONAR Stand-Up(TM) MRI: pre-employment evaluation to establish a baseline of the spine," added Ms. Reed. "The Stand-Up(TM) MRI is made-to-order for this. While patient set-up on a recumbent-only MRI scanner takes quite a bit of time, it's much faster on the Stand-Up(TM) MRI. Patients just walk-in, sit-down, have their scans, and walk out. It's really cost effective. An employer program utilizing baseline spine scans for new employees could be expected to lower Workers' Compensation premiums, and result in substantial savings for participating employers."
Raymond Damadian, president and founder of FONAR said, "We are pleased that a FONAR Stand-Up(TM) MRI will be placed in such a fine facility. I applaud the strategy of employing the Stand-Up MRI's high throughput capability to help companies save money on their Workers' Compensation premiums. It is one more important application of the Stand-Up(TM) MRI which is unique in so many ways."
The Stand-Up(TM) MRI has the ability to perform Position(TM) Imaging (pMRI(TM)), where patients can be scanned sitting, standing, bending or lying down. Because of its unique top-open and front-open magnet design, the Stand-Up(TM) MRI is remarkably spacious and non-claustrophobic.
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
Copyright (C) 2004 Business Wire. All rights reserved.
EPS of .13 to .15 is GREAT for a $1.00 stock. The depressed pps we see today is still a reflection of the reporting delays and the tempory pink sheet listing. In a reasonable amount of time we SHOULD have the audited 10K filing and then the 1st Qtr 10-Q numbers showing even more earnings growth. More dividends too, I expect. Overall, this is still a very good stock to be buying right now. HQNT has A LOT of upside potential and minimal downside risk from here.
FONAR Sells Stand-Up MRI To 14th Multi-Unit Purchaser, 1st In Alabama
MELVILLE, N.Y., Jun 23, 2004 (BUSINESS WIRE) -- FONAR Corporation ( FONR ), The MRI Specialist(TM), announced today that it has sold a Stand-Up(TM) MRI to a partnership formed by Dynamic Imaging of Birmingham, Alabama, and Medica Stand-Up MRI of Atlanta. It is the second Stand-Up(TM) MRI purchase for Medica Stand-Up MRI of Atlanta; the first one purchased was installed at 6590 Powers Ferry Road in Atlanta, Georgia (770-953-0108) earlier this year.
Kay Baker, Vice President of Operations for Medica Stand-Up MRI of Atlanta, said, "Our decision to purchase a second Stand-Up(TM) MRI was based on the success we have experienced with the first center. We are scanning patients in positions which reproduce their symptoms, revealing formerly unseen pathology. Also, the scanner has been unprecedented in being able to accommodate large or extremely claustrophobic patients."
Regarding the new Birmingham, Alabama, center, Ms. Baker states, "We are very excited about our partnership, and look forward to providing a unique technology for patient care in Alabama."
The Stand-Up(TM) MRI is the world's first and only MRI scanner that performs weight-bearing, Position(TM) Imaging (pMRI(TM)), where the patient can be scanned sitting, standing, bending, in flexion and extension, or in the conventional recumbent position. With Position(TM) Imaging, patients can be scanned in their positions of pain or other symptoms. This allows for the detection of pathology that could go undiagnosed on conventional MRI scanners.
MRI Specialist, Stand-Up, Upright, Position, pMRI and The Proof is in the Picture are trademarks of FONAR Corporation.
Be sure to visit FONAR's Web site for Company product and investor information: http://www.fonar.com.
SOURCE: Fonar Corporation
Copyright (C) 2004 Business Wire. All rights reserved.
H-Quotient Clarifies Sale
6/21/2004 3:50:00 PM
VIENNA, Va., Jun 21, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT), provided a clarification of the letter of intent for the sale of PhysicianQuotient and LabQuotient medical software products to Healthnostics, Inc., (HNST). The terms of the deal would result in H-Quotient becoming the majority shareholder of Healthnostics through its holdings of convertible preferred shares in Healthnostics. These shares will be convertible into restricted common shares of Healthnostics at as yet to be announced conversion rate terms.
This transaction is subject to certain customary conditions, including execution of definitive agreements, and is expected to close on or about July 1, 2004.
President and CEO Douglas Cohn said, "We are very pleased with this development. It is a win-win opportunity for both companies because as Healthnostics succeeds, H-Quotient as its majority shareholder will benefit."
For more information visit the H-Quotient web site at www.hquotient.com.
SOURCE: H-Quotient, Inc.
Copyright (C) 2004 Business Wire. All rights reserved.
H-Quotient Announces Major Software Sale and Listing Change
VIENNA, Va., Jun 21, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., (HQNT), and Healthnostics, Inc. (HNST) have entered into a letter of intent for the sale of its PhysicianQuotient and LabQuotient medical software products to Healthnostics, Inc., (HNST) for 8 million shares of a new series of convertible preferred stock with a conversion ratio into common stock to be determined prior to closing. This transaction is subject to certain customary conditions, including execution of definitive agreements, and is expected to close on or about July 1, 2004.
On May 11, 2004, the Company sent the following statement to the Berlin Exchange: "Our company was placed on the Berlin Exchange by a broker without our authorization. This was apparently done to circumvent the U.S. short selling rules. As a result, please immediately delist our company from the Berlin Exchange." The Exchange did not comply. Further, on June 18, 2004, the Company informed the NASD that it would not contest eligibility for listing on the OTCBB and had decided to be listed solely on the Pink Sheets. The OTCBB (Bulletin Board) does not provide short seller volume, and such a listing allows listings on foreign exchanges such as the Berlin Exchange that are suspected of being used by short sellers to circumvent U.S. rules, including recently enacted NASD rules, against naked shorting. The Company's symbol is HQNT, and quotations are listed as usual, and are now also listed on the Company's website at: http://www.hquotient.com
Financial statements, which will report record earnings, will be released on or before June 24, 2004.
For more information visit the H-Quotient web site at www.hquotient.com.
SOURCE: H-Quotient, Inc.
Copyright (C) 2004 Business Wire. All rights reserved.
H-Quotient Plans Expansion; Patent Filed for Software-Controlled Implantable Monitoring Cardiac Device
VIENNA, Va., Jun 17, 2004 (BUSINESS WIRE) -- H-Quotient, Inc., ( HQNTE ), announced that it is in advanced negotiations to expand its medical products division through a stake in a software-controlled implantable monitoring cardiac device designed to enhance pacemakers by helping to prevent sudden cardiac death. The product is designed to detect arrhythmia, a disorder in the heart rate that leads to myocardial infarction (heart attack) that claims 300,000 lives each year. A patent application has been filed by the inventor with the U.S. Patent Office. FDA protocol development is ongoing and is expected to be completed within two months.
For more information visit the H-Quotient web site at http://www.hquotient.com.
SOURCE: H-Quotient, Inc.
Copyright (C) 2004 Business Wire. All rights reserved.
Yes, this delay on the reports is also an opportunity. We never would have been able to pick up additional shares under $1.50 if this had not happened. I am adding more to my position too. On an extra special note, those jackass bashers on the regular RB board are working FOR us right now as we are buying (smile).