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Someone just posted on SI that the O/S is currently 395M according to the transfer agent.
Authorized: 500MM
Outsanding: 395,105,850
Restricted: 151,852,522
Float: 243,253,328
Not many more shares to sell before a R/S or raising the A/S.
scam: What exactly does a chart mean when all of about $2k is traded per day? A chart is meant to measure the psychology of a crowd, two people trading AACS is not quite a crowd. LOL!
abbam: Take a look at their SEC Filings. This is from the latest 10Q:
As of April 14, 2006, 350,926,544 shares of $.001 par value common stock were outstanding
http://www.sec.gov/Archives/edgar/data/1132487/000115752306003629/maindoc.htm
Now take a look at all the S-8s issued after they dumped Cornell early last year:
6/30/05 - S8 - 18M shares
8/04/05 - S8 - 20M shares
9/19/05 - S8 - 22M shares
12/15/05 - S8 - 35M shares
03/29/06 - S8 - 45M shares
http://www.sec.gov/cgi-bin/browse-edgar?company=southborrough&CIK=&filenum=&State=&S....
I'd say odds are pretty good we'll see another S-8 soon since they won't even begin this GM order until mid-July the earliest.
Look at what they gave Cornell - millions of shares. Search for "NOTE 6 - CORNELL CAPITAL PARTNERS LP FINANCING" in the
2005 Annual report: http://www.sec.gov/Archives/edgar/data/1132487/000132154306000093/maindoc.htm
Marc Walther and Ed Rutkowski own 37M each, I believe 17M each are restricted for a couple of years, I'm not sure of the restrictions on their original 20M shares. David Howard also owns 20M, not sure of any restrictions on those.
There are well over 200M free trading shares of this stock. With the 45M S-8 issued in late March '06, two weeks before the dated O/S of 350M, the O/S could conceivably be very close to 400M with 300M of those being free trading.
Peter: The company has been dumping shares for almost TWO YEARS now. 20 months ago, the O/S was about 130M. It's at least 350M now ... probably higher. All the people that were dismissing the multiple S8s and crowing how the PPS would skyrocket after the first PO are now learning a hard lesson about dilution. The PPS went up higher on RUMORS of news than the actual event, then came crashing down as the company unloaded S8 shares.. With no $ amounts given in this PR, one can assume that revenue is nothing major, otherwise they would have published the figures (unless contractually prohibited by GM).
It will take more orders and closing of KSI acquisition for this thing to sniff .15 - .20, IMO. Had all this stuff happened a year or two ago when they said it would, the PPS would have skyrocketed. 350M+ shares makes it hard to do that.
billpr must be impressed with the house-cleaning at the top, lots of buying going on. Who had the faith in this company to load up at .04 and below? Unfortunately, I only picked up 20k shares @ .04 and below.
DJ VirTra Systems Inc Fincl Chief Resigns >VTSI
WASHINGTON (Dow Jones)--VirTra Systems Inc. (VTSI) said Monday that J. David Rogers resigned as the company's chief financial officer.
According to a filing with the Securities and Exchange Commission, the company named Perry V. Dalby as interim financial chief.
In a press release earlier Monday, VirTra Systems announced Dalby's appointment to chief executive.
The company said in the SEC filing that director Andrew Wells also resigned last Wednesday
VirTra Systems sells firearms training systems to military agencies.
-By Yogita Patel, Dow Jones Newswires; 202-862-1343; yogita.patel@dowjones.com
(END) Dow Jones Newswires
06-26-06 1320ET
Copyright (c) 2006 Dow Jones & Company, Inc.
*DJ VirTra Sys Fincl Chief Resigns
06/26/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
(MORE TO FOLLOW) Dow Jones Newswires
06-26-06 1242ET
Copyright (c) 2006 Dow Jones & Company, Inc.
VirTra Systems Names Major General (RET) Perry V. Dalby as Chief Executive Officer
PR Newswire - June 26, 2006 08:22
HOUSTON, June 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today named its advisory board member and recently retired major general, Perry V. Dalby, as VirTra Systems' chief executive officer.
"General Dalby's acceptance of the chief executive officer position is a landmark turning-event in VirTra Systems' history," commented Andrew Wells, VirTra Systems' director. "General Dalby not only brings to VirTra Systems 37-years of distinguished military command and training experience, but also offers the added dimensions of successful management of private-sector contract-manufacturing operations and well-established defense-related purchasing relationships.
"This 'one-two punch,' combining military training command and private sector contract-manufacturing experience, is exactly what VirTra Systems needs in a chief executive officer. General Dalby has just returned from a "tour- of-duty" in Iraq after serving over a year as the Deputy Program Manager for Support for KBR, a subsidiary of Halliburton Company, Inc., and we consider his appointment a perfect fit for our continuing efforts to support global military and law enforcement small arms simulator sales," concluded Wells.
"Seldom does life offer a career path that allows one to have true passion in a vocation, and it is for this reason that I am pleased to have been chosen as VirTra Systems' chief executive officer," commented Major General Perry V. Dalby (AUS-retired). "I have seen combat change significantly during my career in the military and steadfastly believe that VirTra Systems' products are precisely what the military needs going forward to better prepare troops for modern 'fourth-generation' urban warfare. VirTra Systems' brilliant engineers have solved the age-old problem of effectively preparing dismounted troops for the realities of the battlefield, using high-definition simulation to hone their skills.
"I intend, as my first order of business, to promote development of the IVR(R) small arms simulator as an approved military program-of-record, paving the way for wide-ranging military deployment of immersive small arms training," General Dalby concluded.
General Dalby's distinguished military career is highlighted by award of the Distinguished Service Medal, Legion of Merit, Distinguished Flying Cross, Bronze Star (two clusters), Purple Heart, and Global War on Terrorism Service Medal, among others. General Dalby most recently retired as the commanding general from the prestigious 75th Division (training support) out of Houston, Texas, where he mobilized the division in support of the Global War on Terrorism in January 2003.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Air Force, Army, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit http://www.virtra.com.
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations: VirTra Systems, Inc.
Steve Haag, vice-president of investor relations
Houston, Texas
(832) 242-1100
shaag@virtra.com
SOURCE VirTra Systems, Inc.
Steve Haag, vice-president, investor relations of VirTra Systems, Inc.,
+1-832-242-1100, shaag@virtra.com
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
Barnabus: What about the revenue?
"The recently relocated IES division has experienced continuity in operations and successfully began shipping product from Ann Arbor. In May, fourteen use of force systems were shipped to nine different customers. This milestone is in combination with recent awards totaling over $1.47M for thirty-four systems from eight customers.
Let's see, that works out to be ~$43k per system. 34 "systems" sounds impressive, $1.47 million doesn't sound very impressive or indicate that there's any serious buying of simulators going on out there.
Still, would be nice for VTSI to sell $1M worth of something.....
ROTFLMAO smf....
What's really hilarious is the lengths you will go to make an a s s of yourself. Sand never said that, that's not a quote from anyone at IGTG for that matter. Public companies sell shares to raise money, there's an SB2 out there detailing what they will be selling shares for, that's what the author of that article was referring to. But you're too much of a simpleton to figure that out, you would rather post lies on message boards. Insinuating that Sand said that is just further proof of your ignorance level, which is quite high.
What's really SAD is how you post on multiple boards and drag stuff from board-to-board. Your life must be pretty pathetic if this is what you do with your time. Pathetic, indeed.....
topsail: That's FY 2007, which started June 1st, 2006. They'll need to file tha 10K for FY 2006, and possibly clean up some much older filings before going to OTCBB.
clock: What "death-spiral" are you talking about? Do you even know how the deal with Cornell works? Apparently not if you're talking about "death spirals". Cornell LOSES money if the QTEK PPS doesn't appreciate.
QTEK had a performance bond securing the contract they lost. It was backed by $250k that they put up. It is being released, it will free up $250,000 cash for them to commit to growth.
Losing the contract is not good news, for sure, but it's not the end of the company either.
Last I heard from Dan was that meetings would be going on the weeks of June 1st and June 5th to determine what IMW was going to manufacture. We'll see what happens...
Haven't read back through this board, but in case you guys didn't know, Quintek is 100% a services company. There will be no more sales/maintenance contracts for the microfilm equipment. Last 10Q shows we are up to 8 service contracts (from 7 the previous quarter). There are no more maintenance contracts - probably explains the decrease in revs the last two quarters with them getting out of the microfim business. It's up to Steele and Company to start bringing in some solid service contracts with this funding. $7M of funding if Cornell exercises all warrants is big $$$ for this company to work with at this stage.
QTEK files 8k: Funding Agreement with Cornell.
http://www.sec.gov/Archives/edgar/data/1107714/000093173106000117/qtek-8k052306.txt
Most people wince when they see Cornell ... but this looks like a good deal where they don't have to sell shares at a steep discount like they have been doing in the past. It's not the typical "death spiral" Cornell deal that I've seen in the past.
I've e-mailed Andrew Haag about this deal just to confirm what I thought to be true. This deal eats up the remainder of shares the company has to sell (142M O/S as of last week according to 10Q, 56M being registered, A/S is 200M). QTEK is getting $2M once everything is approved. If the PPS makes it past .12 and Cornell exercises all warrants, there's an additional $5M of funding for QTEK.
One of Cornell's last deals was structured like this with a company around QTEK's price (XSNX.OB). They invested $850K in July and then $5M in December. Stock went from $0.10 to $2.90 and is still above a dollar. Looks like everyone did well with that deal.
This is it boys, the big funding deal that will either make or break this company. It's up to Steele & Company to start bringing in some serious revenues now that they have money to work with.
iZone contact is through e-mail only. eom
AACS: a steal at .01. They are a holding company in various industries. 10K due out in a week.
IMW (International Machine and Welding) division cash-flow-positive.
Chariot division (fiberglass motorcycle trailers) expecting better revs this year based on their attendance at two early "Bike Weeks" and anticipated dealer network setup.
They hold a piece of American FiberGreen Products - patented fiberglass recycling. AFGP soon to be listed on OTCBB, acquired company from wife of founder, founder died a few years ago.
Currently working on "energy" deal in which IMW division will be contracted to build coal gasification equipment, news expected early June on this. Also working a coal-for-stock deal that should bring in the cash needed to advance Chariot's interests and get AFGP ball rolling.
abbam: Actually, didn't the interviewer bring that point up, that Rossman sought out ACHI? The whole "interview" was so poorly orchestrated, it was ridiculous IMO.
All the interviewer had to do was ask Rossmann "how did you hear about ACHI?" and we could have heard the story from Rossmann himself, what we got was a loaded question that didn't let Rossman expand on anything. Disappointing...
Reminds me of a spot in the movie "Slapshot" where the radio guy is interviewing one of the players and asks a question that pretty much had the answer in it and the player replies: "That's what it said in the yearbook, Jim". Classic!
We already knew his backgrund and connections. Unfortunately he didn't add a single piece of information during the interview to what we already know about him. Well, I guess that he's been to five continents is new info..... LOL!
Disagree. Lame interview.
We found out nothing more about Richard Rossman or the LACC process from this interview. Rossman sounded like nothing more than a shareholder towing the company line and giving the same answers we've been getting from Marc for over two years. Heck, the interviewer even had to expand on his answers cause Rossman wasn't telling him what he wanted to hear.
VirTra Systems Announces New Strategic Corporate Plan
PR Newswire - May 09, 2006 08:22
ARLINGTON, Texas, May 9, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced its newly refocused strategic plan for corporate growth.
VirTra Systems' interim chief executive officer, Bob Ferris, has set forth a five-point strategic plan, designed to accelerate corporate growth and shareholder value, through current and future complementary merger and acquisition, improved corporate financial efficiency, refocus of resources to improve key areas within the Company, and aggressive enhancement of product market exposure.
"VirTra Systems' five-point initiative will be the guiding principals through which the company intends to execute its business plan," commented Bob Ferris, VirTra Systems' president and interim chief executive officer. "Going forward, we are fully committed to supporting our current customers, employees, and vendors -- the 'team' that must succeed in order for our shareholders to succeed. The initiative's core features, designed to achieve positive cash flow and shareholder value, include:
1) creation of a larger, stronger, more diversified corporate entity by
staying the course and completing our previously-announced merger with
Altatron EMS and Dynalyst;
2) aggressive increase in market exposure of our product-base by
refocusing sales and marketing strategies;
3) continuation of new product development that profitably satisfies unmet
market needs, and expands sustainable competitive advantages;
4) identification of follow-on strategic acquisitions that further our
chief goal of increasing shareholder value by further solidifying our
competitive advantages within the marketplace;
5) reduction of fiscal expenses, where possible, and careful refocus of
resources on initiatives designed to generate sustainable revenue and
achieve operational profitability.
"The entire company is energized, and will quickly implement key initiatives to successfully accomplish this plan. You can expect to soon see further corporate communications as we implement specific initiatives," Ferris concluded.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Air Force, Army, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit http://www.virtra.com .
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations:
VirTra Systems, Inc.
Steve Haag, vice-president
of investor relations
Arlington, Texas
(817) 261-4269
shaag@virtra.com
SOURCE VirTra Systems
Steve Haag, vice-resident of Investor Relations, VirTra Systems, Inc.,
+1-817-261-4269, shaag@virtra.com
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved
Sanmina doing well .. up 25% after earnings report. eom
puntang: buyers more aggressve than sellers. eom
VirTra Systems Announces L. Kelly Jones' Departure as CEO
PR Newswire - April 24, 2006 15:52
ARLINGTON, Texas, April 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced that L. Kelly Jones has resigned as board chairman and chief executive officer from VirTra Systems. The board has appointed Bob Ferris, currently president of VirTra Systems, as the interim chief executive officer.
"On behalf of VirTra Systems' board of directors, I'd like to express our appreciation to Mr. Jones for his years of devoted service," commented Andrew Wells, VirTra Systems' director. "The board of VirTra Systems is committed to shareholder value, and we plan to position our resources to maximize our current marketplace advantage."
Bob Ferris, VirTra Systems' president, received Mr. Jones' letter of resignation via e-mail on Friday, April 21, 2006. The resignation letter indicates that Mr. Jones resigned due to a disagreement with the board over a recent strategic decision regarding the company's operational direction.
"VirTra Systems will continue to make strategic decisions that are in the shareholders' best interests and work to improve our company's fundamentals," commented Bob Ferris, VirTra Systems' president and interim chief executive officer. "We look forward to the successful completion of the earlier- announced merger with Altatron and Dynalyst, and will maintain our pursuit of corporate opportunity."
"In addition to serving as chief executive officer of VirTra Systems for more than 6 years, Mr. Jones has acted as the company's chief financial officer and has served the company well with his professional leadership and vision. We will continue to seek Mr. Jones' advice and input to the board on an ongoing basis in areas that would best serve the company and its shareholders," Wells concluded.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Air Force, Army, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit http://www.virtra.com .
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations:
VirTra Systems, Inc.
Steve Haag, vice-president
of investor relations
Arlington, Texas
(817) 261-4269
shaag@virtra.com
SOURCE VirTra Systems, Inc.
Steve Haag, vice-president of investor relations of VirTra Systems, Inc.,
+1-817-261-4269, or shaag@virtra.com
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
billpr: Looking at the shareholder letter, it doesn't look like VTSI is going to "Sell some of our gizmos real quick and put out P/R's like crazy". Maybe you should settle for a low double-digit PPS and bail. Or are you still hoping for that "company changing" deal? LOL!!!
bill: you posted:
A decent quarter was just about my final hope what with the "1M backlog" and the Kelly pronouncement of "profitability", but its not going to happen..ever...JMO
If your opinion is that VTSI will never be profitable, why are you still holding the stock? Shouldn't you just sell what you have left and move on?
serf: Here's a pic for you.
http://www.pbase.com/danlewis/image/57371700
Lots of people post how they made all this money buying at the bottom and selling at the top. Just to show you I am not full of it, I posted my IGTN profits on the closed trade last summer.
GLTY and let's hope we hit the OTCBB soon and get OxyView out the door.
serf: Here are your answers.
1) I do not know Sand, never met him and have only exchanged two e-mails with him over the past 8 - 9 months.
2) I am *UP* on my IGTG investment, thank you very much. While the whiners paniced and were dumping sub .10 after the R/S, I averaged down on what I held prior to R/S and am currently in the black (as long as PPS stays above .24). Last year before R/S was announced, I bought IGTN at .012, sold half at .023 for ALMOST free shares, and unloaded the rest at .05. I made a $2k -$3k on that as I don't put much into these pink sheets.
3) Everything posted about Gleckman's shares is right on the money.
The bottom line is, when someone posts B.S. on the boards such as stockmasterflash does here and RB, I call them on it to protect my investment. SMF doesn't know what the hell he is talking about ... and that's a fact.
Remember when the SEC Filings started hitting Edgar and SMF posted that the POST SPLIT O/S had gone from 12M to over 20M? Of course he was too stupid too realize the 8M+ shares mentioned in the Filings all dealt with PRE-SPLIT shares and pre-dated the actual reverse split. LOL!!!!!!!
serf: It was over 4M shares Gleckman converted from preferred to common (this month). The common split that took effect last December was 1:40, the preferred's split was 1:3
http://www.ingen-tech.com/press/detail.asp?ArticleID=69
LOL SMF!!
Have you called or e-mailed the company yet to find out if what I posted is true? Or are you just going to whine "I don't see a Form 4" on and on and on?!?!?!
Again - I find it hilarious that when this information about Gleckman was posted on RB (by more than one person), you had nothing to say, you only whine about Form 4s here because maybe serfdom will listen to you. Why IS that?!?!?! LOL!!!
And aren't you the same moron who just posted that sales were clearly DECREASING and people should check their facts?!?! ROTFLMAO!!!
FY 2004: $902k
FY 2005: $794k
As per the latest 8-K, for the first NINE MONTHS of FY 2006, revenue was $846k, ALREADY more than the previous Fiscal Year. In addition there are $225,000 in orders scheduled for deliveries in March and April, which means the 4th quarter sales will be greater than the 3rd quarter and most likely greater than the 2nd quarter. If OxyView should start selling before 5/31/05, numbers will be even better.
I can appreciate a good basher, one that knows what he's talking about. Clearly, you are a BUFFOON who doesn't know sh*t from shinola! LOL!!!
serf: The preferred's converted at a different rate than common for the R/S. It was a big topic of discussion for the bashers.... "Sand only cares about himself blah blah blah"
smf: Every time you open your mouth....
you make a fool of yourself. If I ever want MIS-information regarding SEC Filings and requirements, I will come to YOU! LOL!!
Gleckman is a co-founder of Ingen (back to 1999). He received ~2.6M preferred shares in 1999 for investing into the development of IGTGs products. In 2004, when the company merged with CRTZ, Ingen shareholders received a 5:1 increase in their shares (this is documented in the SEC filings which you never seem to understand).
When Ingen went public in 2004, Gleckman had about ~13.3M restricted preferred series-A shares of IGTG. As a result of the reverse split, Gleckman ended up with ~4.433M restricted preferred series-A shares (documented in the SEC Filings and also on Form-D as required by the SEC for shareholders with 5% or more ownership).
Gleckman's shares recently became unrestricted, he has converted the preferred shares to registered common shares at a ratio of 1:1 (according to the Articles of Incorporation and as voted upon at the October '05 shareholder meeting). Gleckman has restrictions on these shares, he can not sell more than 1% of the O/S per quarter. As I stated in previous post, that's currently ~180k shares in any given quarter (or ~3k shares per trading day).
If you do not believe any of this, contact the company and find out for yourself. Funny how you didn't respond to the posters on RB who told you the same thing about Gleckman. You're a laughing stock over there, you're a laughing stock here. Keep up the good work! LOL!!
Daytona Bike Week Declared a Success for Chariot
Business Wire - March 16, 2006 09:42
BARTOW, Fla., Mar 16, 2006 (BUSINESS WIRE) -- American Commerce Solutions, Inc. (OTCBB:AACS) today declared success at Daytona Bike Week 2006 for its wholly owned subsidiary, Chariot Manufacturing Company, Inc.
Kenneth McCleave, General Manager of Chariot, stated: "This year we went into Bike Week with a specific purpose in mind. It was our intention to expose the participants to the new designs and updated models and bring home a register of potential buyers for the next twelve months. The ten days of Bike Week exposed thousands to the Chariot trailers on display. Our displays were set up at two key locations and thousands viewed the pictorial history of Chariot and talked of Bike Weeks past. Over 550 individuals took the time to complete a registration form for a trailer give away at Daytona's fall Bikefest 2006."
McCleave stated that 351 individuals indicated their intention to purchase a motorcycle trailer over the next year. Of that number thirty one said that they want to buy now and desire immediate follow up; one hundred and sixteen stated that they intend to buy during the next six months; and, the remaining two hundred and four stated that they will buy a new trailer within twelve months.
McCleave continued: "We were pleased with the attendance and excited by the positive responses to our products. The leads received during the ten day event are expected to generate substantial sales results. We have already received follow up visits at our Tampa plant from five riders met in Daytona."
By far the most popular model was the 16 foot enclosed model with a base price of $6800. Options will typically add $700 to $1200 to the purchase.
According to McCleave, Chariot has current orders in excess of $130K in trailers alone. The company also manufactures other fiber glass components such as boats, car bodies and van tops.
Chariot Manufacturing Company, Inc. (http://www.chariot-trailer.com) is a wholly owned subsidiary of American Commerce Solutions, Inc. (http://www.aacssymbol.com)
ACS maintains a Strategic Partner relationship with American Fiber Green Products, Inc. (http://www.americanfibergreenproducts.com).
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
SOURCE: American Commerce Solutions, Inc.
American Commerce Solutions, Inc., Bartow
Dan Hefner, 813-244-9843
dhefner@aacssymbol.com
Copyright Business Wire 2006
International Machine and Welding, Inc. Releases Preliminary Results
Business Wire - March 15, 2006 09:58
BARTOW, Fla., Mar 15, 2006 (BUSINESS WIRE) -- American Commerce Solutions, Inc. (OTCBB:AACS) today released preliminary results of operations for IMW, its wholly owned subsidiary, for the fourth quarter and year-ending February 28, 2006.
Daniel L. Hefner, President and CEO of ACS reported, "Subject to final adjustments and prior to completion of the year end audit, the preliminary review of the company records indicates that International Machine will not only be cash flow positive for the fourth quarter, but will end the year profitable. We are proud of the effort of the entire IMW team this year. Although revenue will be down slightly, the quality was more important than the quantity."
Information about International Machine may be seen at the company website, http://www.aacssymbol.com .
The company's other wholly owned subsidiary, Chariot Manufacturing Company, Inc., manufacturers of highly regarded fiberglass motorcycle trailers maintains a website at http://www.chariot-trailer.com .
ACS also has a Strategic Partner relationship with American Fiber Green Products, Inc. with presence at http://www.americanfibergreenproducts.com .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
SOURCE: American Commerce Solutions, Inc.
American Commerce Solutions, Inc., Bartow
Daniel Hefner, 813-244-9843
dhefner@aacssymbol.com
Copyright Business Wire 2006
SMF: Get a clue.
The O/S has increased because Jeff Gleckman converted several million shares from preferred to common, which he is entitled to do. These shares are restricted (he can't sell more than 1% of the O/S in a quarter). For a math-challenged moron like yourself, that's 180k shares/quarter based on 18M O/S.
The company is moving forward ... FY2006 sales have already exceeded FY2005 and are on pace to easily exceed FY2004, and that EXCLUDES OxyView, which has received more good news today from the FDA and is closer to launch.
OTCBB listing is also moving forward, if you bothered to call anyone and find out. You probably didn't, you prefer to read numbers and KNOW ABSOLUTELY NOTHING about what's going on. I particularly liked your interpretation of PRE-SPLIT share counts in SEC Filings that you applied to POST-SPLIT O/S. Remember a couple of months ago when you were telling everyone there was over 20M O/S?!?!?! ROTFLMAO!!
Ingen Technologies, Inc. FDA Evaluation Complete for OxyView(TM)
PR Newswire - March 14, 2006 10:18
- OxyView(TM) Targets Initial $15M Annual Sales -
CALIMESA, Calif., March 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Ingen Technologies, Inc. (OTC: IGTG), a medical device manufacturer of OxyAlert(TM), OxyView(TM), and Secure Balance(TM), announced today that the FDA has determined OxyView(TM) to be exempt from requirements under 510(k).
Anita Beck, President of the San Juan Capistrano-California based company known as Global Regulatory Services Associates, was hired as a consultant to work directly with the Food & Drug Administration in Washington, D.C. in order to determine the FDA requirements and classification of OxyView(TM). In a statement released yesterday; Anita Beck said: "I did hear from the FDA regarding requirements for the OxyView(TM) product. It is exempt from 510(k) requirements. However, I was told, that you do need to register and classify the product."
The company has been in the process of tooling for the production of OxyView(TM) when they hired Anita Beck to determine and complete any necessary FDA requirements for the new medical product. "This is very good news for everyone. The requirement to register and classify OxyView(TM) with the FDA will be complete this month. Our tooling is underway, and our distributors are hopeful," said Scott Sand, Chairman & CEO.
OxyView(TM), patent pending, is a pneumatic monitoring device that can determine exact oxygen flow rate near the patient. "Our website hosts a video infomercial about OxyView(TM). It is informative and describes the product and applications," said Chris Wirth, Director.
About Ingen Technologies, Inc.
Ingen Technologies, Inc. is a public company trading under NASDAQ OTC:IGTG, which has been in business since 1999. IGTG is a medical device manufacturer and a growth-oriented company that owns US patent(s), trademarks, and proprietary medical products. Ingen Technologies, Inc. ("Ingen" or the "Company"), a Georgia Corporation, was formed as a result of a reverse merger in March 2004 whereby Ingen became a publicly-owned company and commenced trading in the Over-The-Counter market on the Pink Sheets. Ingen (GA) is a holding company which owns or has intellectual property rights to certain proprietary devices which primarily provide diagnostic and safety features to health practitioners and patients. Operations are conducted through a 100%-owned subsidiary, Ingen Technologies, Inc. of Nevada, which has been in business since 1999 when Chairman/CEO Scott R. Sand founded it. The principal executive office is in Yucaipa, CA, northeast of Los Angeles.
The Company's flagship product is OxyAlert(TM), a second-generation design of the Company's BAFI(TM) product line. Both of these products have been issued two US Patents: Patent No. 6,137,417 issued on October 24, 2000 and Patent No. 6,326,896 issued on December 4, 2001. Both of these products are low-oxygen safety warning devices used on remote oxygen cylinders for patients, commercial aircraft, military transport, and fire and safety equipment. OxyAlert(TM) technology encompasses the use of digital sensing and RF frequency transfer so that care givers can access a hand-held remote to monitor the actual oxygen level of any oxygen cylinder at a reasonable distance.
The newest product, OxyView(TM), has a patent pending, and is a pneumatic gauge that provides visual safety warning of oxygen flow for patients in the hospital, surgical room, outpatient therapy, nursing homes and emergency response facilities. This product enhances the safety, assurance and accuracy of patients being administered oxygen from any source. OxyView(TM) is a lightweight pneumatic gauge that is attached to the oxygen tubing just below the neck. It informs the nursing staff of the oxygen flow rate near the patient. It could quickly inform the physician or technician of any leak or inaccuracy between the delivery source and the patient.
The Secure Balance(TM) product is a private-label product that includes a vestibular function testing system and balance therapy system. The vestibular function testing system is manufactured by Interacoustics LTD. in Denmark and is referred to as the VNG. The balance therapy system is manufactured by SportKAT(R), Inc. in San Diego, California. The Secure Balance(TM) program provides equipment, education and training about balance and fall prevention to physicians and clinicians worldwide.
The Pure Produce(TM) product is a continuing research & development program currently under design. This program uses hydroponics technology to grow various plants without the use of soil, fertilizer and water consumption. The Company anticipates entering the nutriceutical and pharmaceutical markets over the next two years.
"Our team of professionals has developed our medical products for the ever-increasing elderly population. Our products are superior to any of our competition and they allow for effective medical product availability to seniors, and at the same time the increasing senior population allows for a steady growth in sales and profits," said Scott Sand, CEO & Chairman of Ingen Technologies.
For more information, visit www.ingen-tech.com
Investor Relations Contact: Scott R. Sand, C.E.O. & Chairman
Ingen Technologies, Inc. --
Administrative Office
35193 Avenue "A", Suite-C
Yucaipa, California 92399
Phone: (800) 259-9622 or (909) 790-7180
Fax: (800) 777-1186 or (909) 795-6340
Email: Info@ingen-tech.com
A Member of the Better Business Bureau
A Member of the Chamber of Commerce
A Licensed Business in the City of Yucaipa
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements that are made pursuant to "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
SOURCE Ingen Technologies, Inc.
Investor Relations, Scott R. Sand, C.E.O. & Chairman of Ingen Technologies, Inc.,
+1-800-259-9622, or +1-909-790-7180, or fax, +1-800-777-1186, or +1-909-795-6340,
Info@ingen-tech.com
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Copyright (C) 2006 PR Newswire. All rights reserved.
VirTra Systems Appoints Chief Financial Officer
PR Newswire - March 14, 2006 09:25
ARLINGTON, Texas, March 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced J. David Rogers as its chief financial officer.
Mr. Rogers, 52, brings nearly 30 years' experience in corporate accounting, international finance, and investment banking for both private and public entities, ranging from growth management of large, capital-intensive operations to successful mitigation of financially-challenged situations.
Since January of 2005, Mr. Rogers served as vice-president of corporate finance for CapNet Securities Corporation, a Houston-based NASD broker/dealer and investment bank. He previously served as an analyst for CapNet and The Dorato Group, a Houston-based consulting firm. Mr. Rogers, who received his bachelor of science and MBA degrees from Southern Methodist University, previously served in management capacities for Dresser Industries, NL Industries, and The Hughes Tool Company.
"We are pleased David has accepted this vital position in our growing company," commented L. Kelly Jones, VirTra Systems' chief executive officer. "As VirTra Systems matures and moves forward, and we complete the acquisition of Virtra Merger Corporation, David's experience and skill set will be immensely valuable."
"My tenure in the petroleum and manufacturing sectors has well prepared me to administer VirTra Systems' growing financial and accounting needs," commented Mr. Rogers. "In addition, through CapNet Securities, I already have working knowledge of VirTra Systems' and Virtra Merger Corporation's pending union, including its personnel, and I look forward to this increased role in the company's future."
"David will bring a needed level of sophistication to our financial affairs, and represents the first publicly-announced member of our post-merger management team," Jones concluded.
About VirTra Systems
Utilizing patented technology, VirTra Systems sells situational awareness firearms training systems to military agencies such as the U.S. Air Force, Army, and Department of Defense, and to national and international law enforcement agencies. The company also produces multisensory promotional virtual reality systems and 3-D theaters for clients such as General Motors, Pennzoil, Red Baron(TM) Pizza, and the U.S. Army. For more information, visit http://www.virtra.com .
One of our most important responsibilities is to communicate with shareholders in an open and direct manner. Comments are based on current management expectations, and are considered "forward-looking statements," generally preceded by words such as "plans," "expects," "believes," "anticipates," or "intends." We cannot promise future returns. Our statements reflect our best judgment at the time they are issued, and we disclaim any obligation to update or alter forward-looking statements as the result of new information or future events. VirTra Systems urges investors to review the risks and uncertainties contained within its filings with the Securities and Exchange Commission.
Media Relations:
VirTra Systems, Inc.
Steve Haag, vice-president of investor relations
Arlington, Texas
(817) 261-4269
shaag@virtra.com
SOURCE VirTra Systems, Inc.
Steve Haag, Vice-President of Investor Relations of VirTra Systems, Inc.,
+1-817-261-4269, shaag@virtra.com
http://www.prnewswire.com
Copyright (C) 2006 PR Newswire. All rights reserved.
serf: What do you mean "it makes the most financial sense"? Are there tax issues? Or don't you think there's another stock out there that has a better upside potential?
Keep in mind that Hefner is the one that bought all those shares last year in the announced debt reduction. He's got a huge stake in the company.
serf: You HAVE to be long on IGTG?
Someone got a gun to your head? You CHOOSE to be long on IGTG because you cant accept selling at a loss.