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Good morning all,have had pneumonia. I am just starting to feel a little better and will post when I can.
Somatic Systems, Inc. Registered With the Department of Defense Contractor Registry
NORTHAMPTON, MA--(Marketwire - November 20, 2008) - Somatic Systems, Inc. (PINKSHEETS: SMAS) is proud to announce that it has been registered with the United States Government's Central Contractor Registration (CCR) as a healthcare service, and assigned its own commercial identification code by the United States Department of Defense. The CCR registers all contractors for the Department of Defense, and CCR registration is a critical requirement for any vendor to do business with the Department of Defense.
The Registration is a significant stage in the work for Somatic Systems to become fully approved providers for the military and Veterans Affairs, enabling Clinical Somatics treatment of all active and retired military personnel, family, dependents, and survivors to be paid for by the military.
The Department of Defense will only conduct business with vendors registered in the CCR. Furthermore, the CCR in turn serves as a registry if a vendor wishes to provide services to the Federal government, enabling Somatic Systems to seek other government contracts and opportunities.
The CCR is a centralized, single point of entry for the Department of Defense, and disseminates contractor data to all federal agencies in service of government ventures. The CCR shares its information with the SBA and several electronic business systems. Additionally, portions of the CCR database are open to the public, and the CCR can be used by both Government and corporate buyers to identify potential business vendors and service providers. The CCR also securely provides the military and federal government agencies with the vendor's data relevant to procurement and payment.
Somatic Systems' Registration by the Department of Defense and Federal Government became effective midday yesterday.
AAFES Registration
Earlier this week, Somatic Systems was also listed with the Army & Air Force Exchange Service (AAFES), an agency of the Department of Defense charged with providing high quality products and services affordably. Listing with AAFES means that when there is a requirement for the categories of health care services that Somatic Systems provides, AAFES will find Somatic Systems and can contact them. The AAFES operates more than 3,000 facilities worldwide, in more than 30 countries, five U.S. territories and 49 states; AAFES revenues last year totaled $9.7 billion.
The Military Chronic Pain Crisis
Somatic Systems has been working to obtain contracts and its proprietary Clinical Somatics pain-care services for US military hospitals and the Veterans Administration. In addition to seeking in-house arrangements at bases and facilities, the company also announced that it is preparing to rollout multiple clinics at military base locations throughout the US, to provide easy access to Clinical Somatics services at a time when the US military is strongly seeking satisfactory pain treatment solutions such as Clinical Somatics -- and following a wave of legislation including the Military Pain Care Act of 2008, which requires the Department of Defense, Veterans Affairs, and Health and Human Services and the Surgeon General of the United States to implement and maintain a pain care initiative in all military health care facilities and for all active and retired military personnel, dependents, and survivors.
Nearly 26 million living Americans have served in the military, and pain is the most common symptom and cause of disability amongst veterans, with more than 40% of returning service members reporting musculoskeletal pain-related problems and symptoms. Additionally, long-term sufferers as well as family members and other dependents of all ages also face pain and other musculoskeletal problems; and this population totals over 70 million people, served by the Veterans Administration. In the face of this, military officials, medical authorities, and government officials have reported frustration that the military does not yet have a satisfactory pain care program in place.
"We are very excited by this accomplishment," stated Somatic Systems CEO Steven Aronstein. "Only a few weeks after completing our month of discussions with military officials about providing our much needed Clinical Somatics pain-care services, we are moving forward quickly towards our goal of helping the men and women and families in every US military hospital and VA health facility across the nation."
SOURCE: Somatic Systems, Inc.; Leading Points Corporation
Nov 13, 2008 08:43 ET
Leading Points Corporation to Present Somatic Systems, Inc. to U.S. Military
Leading Points Corporation to Present Somatic Systems, Inc. to U.S. Military; Company to Begin Work Promoting Clinical Somatics for U.S. Military Personnel; Largely Untapped Market of Military Families and Veterans Numbers More Than 30 Million
CENTENNIAL, CO--(Marketwire - November 13, 2008) - Leading Points Corporation of Centennial, Colorado has signed a 24-month agreement with Somatic Systems, Inc. (PINKSHEETS: SMAS) of Northampton, Massachusetts. Under the terms of the agreement, Leading Points will work to promote Clinical Somatics™, a non-drug, non-surgical method of pain management, among both the military service personnel and their medical providers.
"We are currently in the process of planning a phased rollout strategy," said retired Lieutenant Colonel Kevin Sullivan, founder and president of Leading Points Corporation. "Our primary task is one of education, letting military service members know that the Clinical Somatics option exists and how remarkably effective it has proven to be in terms of pain management. We will concentrate those efforts in geographical areas where Somatic Systems currently has treatment facilities or those where such facilities are planned in the near future."
Founded in 2004, Leading Points is America's premier facilitator for companies desiring to promote sales of products or services to active-duty military forces, reservists, veterans, and their families. This market segment exceeds 30 million persons with an estimated $2 trillion in annual purchasing power.
"We will also be creating a program for the individual medical care providers themselves, the pain management physicians and their assistants, to familiarize them with the unique benefits afforded by the proprietary Clinical Somatics methods," continued Sullivan. "When we have established a successful track record at these demonstration facilities we will be able to approach the U.S. Army Medical Command (MEDCOM) at Ft. Sam Houston for adoption throughout the worldwide Army Medical Department (AMEDD) structure."
Leading Points draws on its founder's 20 years service as an active duty commissioned officer to establish and secure mutually profitable relationships between its clients and the military. The company relies on the advice and judgment of its nine-member Board of Advisors to insure that only reputable and reliable products and services are presented for consideration.
"I look forward to a long and rewarding relationship not only between Leading Points and Somatic Systems," said Sullivan, "but one that is even more rewarding to the ultimate beneficiaries, those individuals who have given service to their country. We owe them the most advanced medical care available. It's the least we can do."
Good afternoon everyone! That was a 41Mil. share buy that just went through,hopefully those that stated they wanted out of SMAS were able to do so.
Good luck to you on buying Mack's SMAS shares! I am pretty old maybe I do have selective memory loss,but I prefer to look at it as experience.LOL
OTC I believe if you read the post thats what I stated, was that he would have to have the SMAS share certificates.
I have a meeting that will last all evening,hope everyone else enjoys theirs.
Thanks 4He ,good to see you posting.I have been busy myself, look in on the board whenever possible.
Thats ridiculous OTC, you can't buy his shares ,he would have to have the certs for you to buy them personally,and if you read the board Mack clearly stated that he had 3.875 mil. shares for sale.
Everyone has the right to voice their opinion,but just because you have lost faith in SMAS does not mean it is not a legitimate company, that can or will be successful.
When the ask is .0001 then all shares traded will be shown as buys.
No 14 buys,14 sells.
Dusty, I thought you said you were able to sell your SMAS?
You and me both MrHealy, talked to Steve this evening and am still very comfortable with my position.
YW Kam,glad I could help,but must say when ask it at .0001 they will all show as buys.
All the shares traded today show as buys.
This board is for posting opinions and information concerning SMAS,not for posts about personal accomplishments or ability to command the proper punctuation and spelling of the English language.
Hi Rick hope your having a good weekend! I am not sure I know what you are talking about (supressed images) where?
It sure showed the last couple days here too. Was lucky enough to catch the ride back up.
No problem,and hope you have a good weekend too smokey.SMAS will have its day.
For any that might question them, the numbers for the share structure are in the i-box,confirmed by TA today.There has been no change since last Friday.
My apologies to the board if it appeared I was allowing any poster to get to me. I am a fellow shareholder of SMAS and can appreciate all opinions about the company,that is what these discussion boards were designed to do is debate the pros and cons of the company the board was created for,was simply reminding a poster on the board of their own advice.
Posted by: Dusty2 Date: Friday, December 14, 2007 10:55:34 AM
In reply to: bucksmypup who wrote msg# 7241 Post # of 20725
If you're that negative about the stock, then sell and find you another stock. There is no way I could walk through this life as negative as you are.
Somatic Systems also announced that they now have representatives collaborating and working directly with US military Healthcare Services and the Department of Defense to complete acceptance as a provider of high quality, cost effective, accessible health care services to the military population within the military system.
The current share structure is in the i-box.
In any business venture there comes a time to expand,and many fail, but as you stated if the expansion is successful then all involved reap the rewards.
One more thing,I was aware of the Reg. D,back in July,just as any should have been that were invested in SMAS at the time.That is my responsibility as an investor to do my DD before I invest and AFTER. When an investor becomes uncomfortable with their investment they should sell and move on rather than holding theirselves blameless for their lack of DD.
Most of the information you post here on the board has been correct,
even though most that read the posts here on the board were already aware of your information.
As far as being (stuck) here in SMAS, I am still very comfortable with my position,some might not be but then that is their opinion.
Then why might I ask did you want a moderator confirm if you already knew the answer?
That is the best post I have seen you make on this board!
If I did I would call the TA.
If you doubt the information Dusty ,then you can simply call the TA and confirm!
It is not my responsibility to keep you updated on the share structure, the number is in the i-box.
Third Quarter 2008 and Year to Date Highlights
Net Income of $58.6 million for the third quarter of ’08, excluding the
Jinhui dividend
― Basic earnings per share of $1.86 and diluted of $1.85
Net Income of $63.0 million for the third quarter of ‘08
― Basic earnings per share of $2.00 and diluted of $1.99
Declared a $1.00 per share dividend based on Q3 2008 results
On September 4th, we closed on a new $320 million credit facility
Took delivery of the Genco Thunder and Genco Cavalier, thereby
completing the Bocimar acquisition
Reached time charter agreements for three vessels, including one from
the Bocimar acquisition
Paid a $1.00 per share dividend for Q2 2008 on August 29th, 2008
You can call and find out, the numbers in the i-box.
Did anyone listen to the conference call this morning?
Nice run up from its bottom here.
GM all and glad to hear your getting stronger Rick.
Yes there is a moderator around,but just remember we all have other obligations besides that of being moderators.So would appreciate if the board keeps their posts on topic and associated with opinions or information about SMAS. Please do not make posts containing personal attacks!
Yes it is ,glad I could be of help to you jrdig.