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.
VirTra Systems Announces Malaysian Simulator Sale
PR Newswire - February 16, 2006 10:57
ARLINGTON, Texas, Feb 16, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced an order for an IVR 4G-300(TM) small arms training simulator from Malaysia.
The immersive small arms training simulator will be deployed for troop training by the Malaysian Ministry of Defense. The order is VirTra Systems' first in Asia, represents the largest and most expensive single-system sale in the company's history, and includes more than 50 weapon training conversion kits and 12 patent-pending Threat-Fire(TM) belts.
"Our sales trip to Southeast Asia last fall showed immediate signs of success," commented Michael Kitchen, VirTra Systems' executive vice-president. "Our technologies were eagerly received during our visits, and I soon expect more international orders of this nature."
The Malaysian Ministry of Defense has a history of purchasing simulation training products. However, this is the first 360-degree, small arms training simulator acquired by Malaysia, and also will be the first immersive small arms simulator installed in Asia.
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: What ABOUT us?
Something beyond Kelly's control is how people invest their money. Every single LONG on this board has had ample opportunity to accumulate on dips, sell some on spikes and manage their average cost down to -0-. That is a fact. Some choose to do that, others just buy and hope. Why do you constantly sit here and whine about Kelly taking care of himself and not "US"? It's YOUR responsibility to take care of yourself, not Kelly's. This is an OTCBB company for crying out loud, a long shot to break into a market that's proven to be tough to crack. Since you're so down on this guy and his plans to line his own pocket while screwing the shareholders, WHAT THE HELL ARE YOU STILL DOING HOLDING THIS STOCK? Take your losses and go find an OTCBB company who's CEO puts the shareholders ahead of himself. Best of luck to you on that.....
Jagman:
The CEO is against signing financing deals that will lead to massive dilution. Unfortunately, since he hasn't been able to come up with financing AT ALL, they were forced to issue S8s over the past couple of years to stay up an running. They haven't issued an S8 in over a year now that IMW is CFP. The big dilution last year was debt reduction. The CEO and head of IMW (Robert Maxwell) were the ones that bought those restricted shares, so they plunked $600k of their own money into this - probably because they know what's coming!! Those two now hold 80M shares. They will be making good $$$ at IMW building the gasification machines, profits there will be put into Chariot to get that to where it should be. AFGP is also close to being listed.
Lots of things happening right now...
I stand corrected on today's Form 4.
Marc/Ed did not "buy" these shares, the transaction code would have been a 'P' if it was an open market or private purchase. The transaction code is an 'A' which means "Grant, award or other acquisition pursuant to Rule 16b-3(e)". The same transaction code was used for the 12M shares they obtained via the licensing debt cancellation we saw in last week's 8K.
barn: Not all money went away, but I think the US government didn't spend as much as Kelly thought they were (or was led to believe they were). And I don't think the FATS 'portable' sim deal was the BIG company-changing deal Kelly has been dangling for so long.
Barnabus: When was that FATS contract granted?
Looking at FATS recent PRs, they haven't made a sale to the U.S. government for a long time. Wasn't new money supposed to be allocated in October '05 when the US government FY changed? I don't think the government allocated the money Virtra expected them to.
Jan 10, 2006 Australian Defence Force Signs $8.5 Million Contract with FATS, Inc.
Nov 28, 2005 New Zealand Army Awards FATS, Inc. $2.9 million Contract for Virtual Training Systems
Sep 15, 2005 United Kingdom Ministry of Defence Signs $1.5 Million Contract with FATS, Inc.
Sep 12, 2005 United Kingdom Ministry of Defence Awards FATS, Inc. $4 Million Contract for Dismounted Close Combat Training Systems
Sep 9, 2005 Singapore Police Force Signs $1.2 Million Contract with FATS, Inc.
Aug 5, 2005 FATS, Inc. Receives Second U.S. Marine Corps Virtual Combat Convoy Training Systems Contract From Lockheed Martin
July 26, 2005 United Kingdom Ministry of Defence Awards FATS, Inc. $3 Million Contract for Simulation and Training Systems
Marc/Ed just bought 10M more shares at .04
http://www.sec.gov/Archives/edgar/data/1132487/000132154306000050/xslF345X02/gf04103_form4-waltherex....
http://www.sec.gov/Archives/edgar/data/1132487/000132154306000052/xslF345X02/gf04103_form4-rutkowski....
It's always nice to see management acquiring more shares
Says who, supervalue? eom
Calypso Wireless Received Purchase Order for Us$ 23.3 Million for the Delivery of Its C1250i Dual Mode WiFi-GSM-GPRS VoIP Cellular Phone Connecting with Skype for Long Distance Calls
Business Wire - January 18, 2006 00:05
MIAMI LAKES, Fla., Jan 18, 2006 (BUSINESS WIRE) -- Calypso Wireless, Inc. (PINK SHEETS:CLYW), a leader in advanced wireless telecommunications technology, announced today that it has received a purchase order for US$ 23.3 Million dollars from Centconet SA, for the delivery of the Calypso C1250i Dual Mode WiFi-GSM-GPRS VoIP cellular phone, which runs on Intel (NASDAQ: INTC) PXA series application processor and Microsoft WinCE 5.0 (NASDAQ: MSFT) operating system and the Calypso C750 WiFi phone.
"Centconet has decided to launch the Calypso Wireless C1250i dual mode cellular phones and C750 WiFi phones. We have placed a purchase order with Calypso Wireless for US$ 23.3 Million to purchase 35,000 Calypso C1250i WiFi-GSM-GPRS VoIP cellular phones and 45,000 Calypso C750 WiFi phones," says J. Poincot, General Manager of Centconet SA.
"To offer this new technology and service to mobile users, Centconet will be using Cisco Systems (NASDAQ: CSCO) Aironet WiFi Access Point and gateway controllers and Nokia (NASDAQ: NOK) routers. Mobile users will be able to seamlessly switch from a conventional cellular tower to a WiFi Access Point and save money when making a VoIP call using Skype (NASDAQ: EBAY)," further adds Poincot.
"With an estimated 800 millions cellular phones to be sold world-wide in 2005 (estimated by Frost & Sullivan), this order is an forward step of Calypso entering the mobile market with the ASNAP(TM) patented technology U.S. Patent #6,680,923", says Alfredo Sarrazin, Vice President of Sales of Calypso Wireless Inc.
"The Calypso C1250i offer new functionalities and services for mobile users like Skype calling functionality. Mobile user will be able to make a long distance call with the Calypso C1250i to any Skype PC user or any telephone," also says Sarrazin.
About Calypso Wireless, Inc
Calypso Wireless is the company behind the ASNAP(tm) technology for which it was granted U.S. Patent #6,680,923 titled "Communication system and method" (http://www.uspto.gov search U.S. patent number 6,680,923), which covers the seamless roaming of voice, video and data between Wide Area Network access points, such as cellular towers (GSM/GPRS/EDGE, CDMA, WCMDA etc.) and short-range Internet access points (such as Wi-Fi, Bluetooth, etc.).
Calypso's patented ASNAP(TM) technology will enable cellular phones to automatically detect any available Wireless Local Area Network (WLAN) and then seamlessly switch between the signals of a standard cellular link towers and an available short-range broadband network such as cable or DSL with Wi-Fi), accelerating wireless broadband deployment, thereby creating a platform for revenue sharing between the synergistic companies and increased revenues for them by delivering new added services. It could also provide significant savings to Mobile Carriers in additional frequency spectrum and infrastructure equipment by offloading capacity to the Wireless Local Area Networks (WLAN) and IP networks while providing additional sources of revenue. The integration of ASNAP(TM) technology will enable greatly enhanced services such as broadband connectivity, real time two way video conferencing, VoIP and network-based gaming applications via Calypso' cellular phones, PDA's (Personal Digital Assistance) or any mobile devise powered with the company's ASNAP(TM) technology. The patent has also given Calypso the rights to offer license agreements to major mobile and ISP carriers as well as to cellular phones manufacturer and OEM's. Calypso has also built upon its patented ASNAP(TM) technology to create a new technology that could provide 'the' solution that allows satellite radio signals from carriers such as Satellite Radio and Sirius Satellite Radio to be readily received by all types of mobile wireless devices, thus generating a new potential revenue stream for both the satellite radio companies and the companies supplying service to mobile phones and devices and the manufacturers and retailers of those devices, as well for the licensing of this technology by Calypso.
Calypso Wireless is a publicly traded company headquartered in Miami Lakes, FL. Its common stock trades under the ticker symbol CLYW. For more information about Calypso Wireless and its products and services, please visit the company's Web site at http://www.calypsowireless.com.
About Centconet SA.
Centconet is a wireless & fix internet service provider in South America. The Company provides the last mile using WiMax & WiFi wireless coverage. They provide VoIP (Voice over Internet Protocol) to fix & wireless customers. For more information about Centconet SA. and its products and services, please visit the company's Web site at http://www.centconet.com/pagina.php?pagina=principal
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
All statements included or incorporated by reference in this release, other than statements or characterizations of historical fact, are forward- looking statements. These forward-looking statements are based on our current expectations, estimates and projections about our industry and business, management's beliefs, and certain assumptions made by us, all of which are subject to change. Forward-looking statements can often be identified by words such as "anticipates," "expects," "intends," "plans," "predicts," "believes," "seeks," "estimates," "may," "will," "should," "would," "could," "potential," "continue," "ongoing," similar expressions, and variations or negatives of these words. These forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause our actual results to differ materially and adversely from those expressed in any forward-looking statement.
This release is intended as a forward-looking statement within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to (i) The ability to provide technology in the future, (ii) Unexpected changes in the technology market, (iii) The success of the Company's expansion and sales and marketing strategies (iv) Competition within the Data Synchronization market (v) The ability of the Company to continue to finance its long-term strategy and expansion (vi) The ability of the Company to motivate and retain the services of its key personnel and hire additional qualified personnel to meet evolving staffing needs.
SOURCE: Calypso Wireless Inc.
Calypso Wireless Inc.
Alice Arguello, 305-828-1483
info@calypsowireless.com
http://www.calypsowireless.com
Copyright Business Wire 2006
TFN: At least the ones that held and averaged down when the inexperienced paniced at the R/S are.
Market cap of ~$3M now, still kind of low given that IGTG will be selling a new product shortly. Even if they only sell $2M worth the first year, the PPS is still far below what it should be. I think investors are waiting to see how this thing is funded after the R/S, which is wise given the history. If Sands does indeed sell his own prferred shares and not common shares, IGTG PPS will be looking pretty good a year from now.
billpr: Aside from the fact that people were compensated, the fact still remains that someone at VTSI knows quite a lot about the new businesses being acquired while the speculation was they knew nothing. I didn't see anything that says he's resigning upon completion of the merger.
Time to update the CC: questions up top. Some of the questions on share structure need to be removed/updated.
#13 and #14 can go:
13. What is the liklihood of VTSI landing a large contract by year end for its simulator business?
Zero.
14. Is this acquisition a signal that VTSI is moving away from the simulator business?
Latest shareholder letter is a resounding NO.
bobwins: I agree with the fact that 2nd quarter revs and gp are down significantly from first quarter, but I can't agree with your assumption that SG&A expenses will be the same. I'll wait for the 10q. My guess is we'll see much lower SG&A expenses, as well. Unfortunately we'll also see a net loss, IMO.
Today's price action pretty much tells you what's possible with this low float and news that's perceived as good. IMO, todays press release was not good when viewed along with the first quarter '06 numbers. Revenue for 2nd quarter was down over 50% compared to first quarter, gross profits were down between 70 - 75% compared to first quarter.
No surprise they gave us the SIX MONTH figures, putting numbers like "increase over 300%" brings the buyers in. We're still riding the coattails of the monster first quarter, it appears.
Does anyone know if the Secure Balance has seasonality issues with sales? Looking at what this device does, it wouldn't seem like there should be so much fluctuation in sales from quarter to quarter, unless they targeted a small market which is drying up and need to expand their marketing efforts.
Remember when this merger deal was announced how at least one person was saying Virtra was getting into a business they knew nothing about? From the 8k:
Mr. Andrew Wells, a current director with VirTra Systems, was a minor (less than 5%) shareholder in Dynalyst Manufacturing Corporation, and served on Dynalyst’s board of directors until December 13, 2005. In addition to holding common shares in Virtra Merger Corporation due to his former holdings in Dynalyst, Mr. Wells owns 3,000 shares of preferred stock in Virtra Merger Corporation for settlement of an indebtedness of $30,000.00 owed to him by Chrysalis Manufacturing Corporation. Mr. Wells served as secretary for Chrysalis Manufacturing Corporation until December 13, 2005.
Apparently someone at Virtra knows these businesses quite well.....
VirTra Systems Completes Acquisition Agreement
PR Newswire - January 11, 2006 17:40
ARLINGTON, Texas, Jan 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced it has signed a definitive agreement with Virtra Merger Corporation to acquire three private electronics manufacturing firms: Altatron International, Inc., Chrysalis Manufacturing Corporation d/b/a Altatron EMS, and Dynalyst Manufacturing Corporation.
An 8-K regarding the agreement was filed earlier today with the Securities and Exchange Commission. Under the terms of the definitive agreement, VirTra Systems will acquire the three companies in a stock-for-stock merger transaction. The acquisition is anticipated to increase the company's revenue ten-fold.
Altatron, http://www.altatronems.com , is an ISO 9001:2000 original equipment manufacturer in the telecommunications, networking, computer, consumer electronics, and medical devices industry. Dynalyst, http://www.dynalyst.com , is a boutique company focusing on extremely high-end PCB design engineering and fabrication for the semiconductor industry.
VirTra Systems will use the technological and manufacturing capabilities from the acquisition to advance its patent-pending immersive firearms training simulators. The acquisition also diversifies and expands the scope of the company's business plan into the electronics manufacturing services industry.
The transaction is subject to regulatory and shareholder approval, with proxy distribution expected in late February.
"The terms of the agreement are quite favorable to the company and, most importantly, to our shareholders," commented L. Kelly Jones, VirTra Systems' chief executive officer. "Once the merger is complete, the result will be a significantly larger, financially stronger, and more diverse company, with 2006 revenue projected in excess of $30 million."
A shareholder conference call will be conducted shortly after the proxy statement is mailed to the company's shareholders.
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.
Are hundred-thousandaires invited too? eom
grizzy: Do you honestly expect a NON-REPORTING company on the Pink Sheets to fully disclose every possible negative aspect?
I never claimed they were sincere and/or honest. I think their PRs go over the top in revenue expectations, for one. Having followed the OTCBB/Pinks for a while, I know they won't meet these expectations. Doing a little DD beyond the company PRs usually tells you this. I don't expect them to meet projected dates of completion, either. None of these type companies ever do. That is why I don't risk more than I'm willing to lose, especially on a NON-REPORTING company that can pretty much do whatever it wants. Expecting them to be shareholder "friendly" when they need to sell shares is a bit much.
I was also disappointed to see how quickly they sold those shares this summer, but I had already taken my profits (and was watching PPS drop) when I found out. Risk management, believe the hype.
grizzy: You are confused as to why I took issue here?
...it is my opinion that the stock was on the SHO list because Ingen was short selling it themselves, and used the R/S (and the way it was released) to allow themselves a cheap position covering.
If you're gonna float such an outrageous theory about naked shorting, it helps to know how it was formed. Now I see it was pretty much formed out of being extremely pissed at buying high and holding low.
grizzy: you wrote:
"And I figured 6 months down the road my investment would pay off."
So you "figured" wrong. Should Sands be basing decisions about the future of the company on what you figured? I sure as h e l l hope he doesn't. Six months is short-term to him, he's counting on years, most likely DECADES, with this company.
"I bought in at would otherwise be an unwise time to buy because I believed their BS about their company's future."
So you admit buying at an unwise time? And now you're pissed? Please tell me exactly what HAS CHANGED about the products being offered by this company in the last six - twelve months? Nothing that I see. One thing that has changed is the share structure because they needed to sell stock to raise money. That is what start-up companies do, that is why they are high risk.
grizzy: The SEC Filings show that the O/S was ~480 million with an A/S of 500 million. Now this information didn't come out until November, it was not available at the time the R/S happened. However, word on message boards before the R/S was announced, from people that met with Ingen management, was that dilution had taken place and an R/S was being considered. That's the best you're going to get when dealing with an un-reporting company. People could be lying or making things up ... you just never know. That's why it is HIGH RISK. If you are an INVESTOR that believes in the potential of the products, then you need to ride out the short-term drop, maybe even average down, and wait for the success from sales to occur. It takes time...
From what I've seen posted, the transfer agent isn't very reliable in the information they give. I think they were telling people the A/S was 50M AFTER the R/S, yet the PRs were saying 100M. I'll wait for the SEC Filings to get the real story.
grizzy: They released the R/S PR at 7:15am on a Thursday. The MAJORITY of their PRs are released between 7:00am - 7:30am. Very few of their PRs are released during open market hours.
A CEO is looking at the LONG TERM, doing things for the long term success of the company. Sands cannot concern himself with a trader looking to make a quick buck in a short time frame who cannot ride out a downswing in the PPS.
grizzy: Did I check with transfer agent to confirm what? That Ingen sold all their shares in July? That they plan to sell more shares?
The MMs would most definately have to cover when there's a CUSIP/ticker change. Even so, that doesn't mean Ingen was shorting their own stock as you believe. MMs can 'naked' short by trading amongst themselves, it has absolutely nothing to do with Ingen.
grizzy: that's some theory.
The company was shorting their own shares and used a R/S to cover? I've heard some great conspiracy theories over the years, that one ranks right up there. I might buy into it if they had no products, no revenues and no real chance of having either of these things in the near future; but that's not the case.
How's about they did the R/S because they sold 99% of their A/S which eliminated the option of selling shares?!?!? There's a reason companies go public: sell shares to raise money. That option was gone when they unloaded the remainder of their A/S in July to Hope Capital and Xcel Associates. Since you say you expect furhter dilution, it makes more sense they did the R/S in order to do just that, sell more shares.
serf: the R/S was PR'd on a THURSDAY morning (October 6th), people that bailed on the open were getting out at .009 - .011. The stock had already traded for two days after the announcement before the following Monday rolled around.
You bought at .005 in August? How did you do that when the low for August was around .007 (according to the chart)? You said you sold less than two days later for 200%+. What you sell at, between .015 and .02? Then it ran to over .05 during the next few weeks. Took yer' profits a little early, I'd say.
200% still a good move, you can't lose that much on a trade.
serf: So, actually, it's not the stock itself that sux, it's the skills of the investor.
I understand, SirFelix.
I see I screwed up and put a new post out instead of a reply to TEEROY. I was not trying to promote BadToys. My post was meant to be in response to his where he speculated that OTC Journal's column about a possible big dividend might be Virtra. At the time TEEROY posted, they had not identified the company. I just wanted to inform the board that OTC Journal was not talking about Virtra.
Sorry for the confusion.
SirFelix: It's not, that's why the OT header. I was responding to a previous post that mentioned this OTC Journal story that spoke of a possible 350% "dividend" but didn't name the company until 1/2/06. I believe it was TEEROY who initially posted about it.
OT: OTC Journals 350% div stock is Bad Toys (BTYH).
I had looked at this company and passed on it when it was trading near $0.60. Later in '05 they announced spinning off the ambulance company and the PPS almost tripled. I had stopped watching it and "missed the ride", so to speak....
AmeriChip International Inc. in The Oakland Business Review
Tuesday December 20, 11:30 am ET
PLYMOUTH, MI--(MARKET WIRE)--Dec 20, 2005 -- The Board of Directors of AmeriChip International Inc. (OTC BB:ACHI.OB - News) announced that the Company was featured in a column "Building Your Business" in The Oakland Business Review on December 5th, 2005. To read the article please visit our website at www.americhiplacc.com/news/
The article entitled, "Believers and Achievers - Building and maintaining control of a better process" was written by Frank Hennessey. Mr. Hennessey serves as Chairman and CEO for Hennessey Capital; a relationship-based finance company providing professional financial solutions for growing businesses.
Frank was formerly Chairman of the Board for Emco Limited, a $1.4 billion (Canadian) public company, approximately 42% of which is owned by Masco Corporation. Prior to that, Frank was Vice Chairman of the Board of Directors and Chief Executive Officer of MascoTech Inc., a $1.7 billion company. Prior to joining MascoTech Inc., Frank was an Executive Vice President of Masco Corporation.
Before his position at Masco Corporation, Frank was the Chief Executive Officer of the Handleman Company, a $700 million (U.S.) public company engaged in the sale and distribution of entertainment products to retail stores throughout North America. His nine years with Handleman were preceded by experience as Group Managing Partner of Coopers and Lybrand's Detroit Group offices.
Frank received his Bachelor of Science from Northeastern University in Boston. Among his many and varied activities, Frank is on the Board of Directors and Chairman of the Audit Committee of DTE Energy and serves as Director of EfinNet and Kinderstreet. Frank is involved with many nonprofit organizations. He is Director of Starr Commonwealth, Cystic Fibrosis Foundation, and New Detroit, Inc. Frank is Vice Chairman of the Board of Directors of United Way Community Services; Trustee of the Citizen's Research Council of Michigan, Trustee of the Hudson-Webber Foundation, past Director of the Detroit Renaissance Board, Director and Past Chairman of the Japan America Society of Greater Detroit and Windsor; Past Chairman of the Detroit Regional Chamber and member of the Executive Committee.
Frank is very active as an angel investor, and he writes a monthly column about entrepreneurs in southeastern Michigan and small business issues for the Oakland Business Review.
Hennessey Capital LLC, www.hennesseycap.com specializes in providing factoring and commercial finance lines of credit for start-up to mature companies with financing needs up to $2 million. Industries include staffing, information technology, advertising, distribution, transportation and automotive manufacturing. Hennessey has offices in Detroit, Tampa and Boston.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhiplacc.com.
The spread will probably not stabilize until there's news, some interested buyers/sellers will tighten it up.
VirTra Systems' Simulator Adapted for Speech Therapy
PR Newswire - December 21, 2005 10:38
ARLINGTON, Texas, Dec 21, 2005 /PRNewswire-FirstCall via COMTEX/ -- VirTra Systems, Inc. (OTC Bulletin Board: VTSI) today announced the sale of a specially modified IVR(TM) simulator to Case Western Reserve University in Cleveland, Ohio.
The IVR 180(TM) will be customized for speech pathology research at Case's Department of Communication Sciences. The IVR will train graduate student clinicians to identify communication disorders, and will also expose patients with a variety of communication disorders to real-world situations for carryover of therapeutic skills.
"VirTra Systems' engineers have developed the ideal simulator for speech pathology treatment and training," commented Stacy Williams Ph.D., CCC-SLP, assistant professor at Case's Department of Communication Sciences. "The IVR simulator's immersive capabilities and versatile Hybrid-CGI(TM) software adeptly create realistic therapeutic and training environments, allowing the research and development of more effective treatments for communication disorders."
Case's communication disorders graduate program is accredited by the Council on Academic Accreditation of the American Speech, Language, and Hearing Association (ASHA).
"We are extremely pleased with the expansion of our immersive virtual reality(TM) technology into the treatment of communication disorders," commented Tom Milks, VirTra Systems' vice-president of advertising and promotion. "This relationship with the university is significant. Newly- developed treatment content could soon be packaged with the IVR and licensed worldwide for speech pathology treatment, thus opening the door for new sales opportunities."
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) 2005 PR Newswire. All rights reserved.
AmeriChip International Inc. Prepares for Production
Thursday December 15, 11:41 am ET
PLYMOUTH, MI--(MARKET WIRE)--Dec 15, 2005 -- The Board of Directors of AmeriChip International Inc. (OTC BB:ACHI.OB - News) announced that the Company has placed an order for a Mazak 350M machining center in preparation for conducting limited production runs. This equipment will assist the Company in the final verification process of a customer's part and serve as interim manufacturing equipment to handle limited production runs until such time as a full complement of production equipment is on the floor at KSI Machine. Further, by expanding our test facility with the addition of this equipment, we will be able to conduct comparative production studies that will illustrate the value and cost savings of our Laser Assisted Chip Control technology (LACC) to a customer with respect to a specific part.
The Company has completed preparation of its facility to accept orders for production runs in the first quarter of 2006 as a result of successful trials on specified automobile parts. The Company has been informed that substantial orders are in process. During the initial machining process conducted for both OEM's and Tier One suppliers, AmeriChip proved that it successfully and unequivocally machines steel parts using a "dry" process which substantially reduces the cost of machining automobile parts. The Company's patented LACC technology enables automakers and their suppliers to dry machine parts totally eliminating the need for expensive and problematic coolant on specific parts where it is proven that dry machining can be used. The industry refers to this technology as Green Machining as it is both environmentally friendly within and without the workplace.
"Over the past 21/2 years," stated Marc Walther, President, "our Company has strived to achieve recognition of our technology and its acceptance within the automotive industry. We will see revenue generation in the first quarter of 2006 based on the significant progress we have made in the last three months with both OEM's and major Tier One suppliers."
Headquartered in Plymouth, MI, U.S.A., AmeriChip International Inc. holds a patented technology known as Laser Assisted Chip Control, the implementation of which results in efficient chip control management in industrial metal machining applications. This technology provides substantial savings in machining costs of certain automobile parts providing much more competitive pricing and more aggressive sales approaches within the industry.
The innovative AmeriChip business model, enhanced by its AmeriChip Tool and Abrasives subsidiary, is designed to establish an extensive resource for cost saving services and products that all cost conscious industrial steel and aluminum machining companies require. AmeriChip is committed to keeping jobs in America for Americans.
For more information, visit our website at www.americhiplacc.com Windsor at 905-898-2646 or, send an e-mail to r.windsor@americhiplacc.com.
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, the Risk Factors set forth in its Registration Statement on Form SB-2 (File No. 333-119331).
Contact:
For more information,
visit our website at http://www.americhiplacc.com
Windsor
905-898-2646
r.windsor@americhiplacc.com.
--------------------------------------------------------------------------------
Source: AmeriChip International Inc.
Rumor on RB says coal-to-oil is the energy deal. Would be nice if that was the case.
Felix: I don't think my 10k buy at .105 the other day had much effect on the chart. :)
low: I do not look at Yahoo for these types of stocks, info is usually worng. Although if what you post is true, it sounds like they have it right for a change.
The major obstacle I see right now is how they will fund producing Oxy products. They have stated "selling stock" in the filings, they need to sell 40 million shares at this price and that ain't gonna happen.
grizzy: This thing only needs to make 4x - 5x run to get back to where it was before they announced the R/S. They completed the SEC Filings, they need to get on the OTCBB. They also need to start rolling out the Oxy products next year. If they do that, then they've done what they said (albeit late) and that's what caused it to get to .05 in the first place. BTW, PPS only needs to go up 20x to match the pre-R/S highs.
bax: yes, I am holding shares. Not many, though. They're freebies from when I cashed in on the summer run. I tried to buy some at .06 and .07 when it started tanking the first day R/S was in effect but didn't get filled.
low: Hurly got burned holding this stock when the PPS was dropping and is now whining like a baby. IGTN sold stock, nothing illegal about it, pink sheets don't have to report it before doing it. Hurley does not understand this. IGTN put out PRs about filing SEC docs and moving to OTCBB. Unfortunately they did not get the filings done when they said they would, DELAYS HAPPEN. They are still not on the OTCBB yet. Nothing illgal about delays, Safe-Harbor statement in PRs covers their a s s. Nothing illegal has happened, Hurley does not understand this. Pink sheet stocks have a huge risk involved, Hurley has found out the hard way what those risks are. Of course, the other scams Hurley is posting about do not relate to IGTN/G as IGTN/G has a product to sell and is selling it. They also had shares to sell and they sold them, not good for shareholders but not against the law, either.
RISK MANAGEMENT ... believe the hype.
hurley: You are one DISTURBED individual. Not only have you replied seven times to one of my messages, you've taken this drivel over to another board and started posting to me there. You are now being put on ignore.
My advice to you: DON'T invest in pink sheet/OTCBB stocks and GET A LIFE.