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AutoCorp --Homeland Security Network, Inc.-- Signs Distribution Agreement For SaTrac Security Tracking System; MRI To Distribute In The Northeastern United States
2005-02-22 09:20 ET - News Release
FRISCO, Texas -- (Business Wire) -- Feb. 22, 2005
AutoCorp Equities, Inc. (OTCBB: ACOR), to be renamed
Homeland Security Network, Inc.("HSNi") as of February 28, 2005,
announced today that it has entered into a Distribution Agreement with
Mobile Remedies International (MRI) in Woodbridge, New Jersey for the
marketing and sales of HSNi's SaTrac(TM). MRI will market and sell
SaTrac, a revolutionary vehicle and asset tracking system, in the
Northeastern United States. The agreement gives HSNi an immediate
national entry into the lucrative and rapidly growing consumer
automobile tracking sector.
MRI has agreed to represent HSNi initially in the five-state area
surrounding the New York metropolitan region and will immediately
commence distribution of the tracking system to major automobile
dealerships and vehicle fleet operators. In addition, the company and
MRI intend to expand their relationship to cover additional states
nationwide. "Mobile Remedies has representatives covering all major
markets for the automotive industry," according to Charles Norman,
HSNi's CEO. "MRI has successfully marketed warranty insurance along
with other aftermarket products to the automotive industry on a
regional and national basis. They are a perfect fit for the Consumer
Division of our company," Norman concluded.
MRI, a transportation industry aftermarket distributor, spent more
than two years and invested hundreds of thousands of dollars in
research and development of GPS technology, before consummating an
agreement with HSNi. MRI believes that the new SaTrac GPS hardware and
software is the most technologically advanced GPS system for tracking
and monitoring of assets available anywhere in the world. It will
immediately replace the widely used and antiquated radio frequency
(RF) tracking and recovery systems marketed as LoJack(R), ForceTracker
and others that require specialized equipment and have only limited
coverage areas. MRI, through its direct sales organization and their
existing national network of sub-distributors, intends to capture the
tracking and recovery market, which currently exceeds $250 million in
annual sales.
Blaise Zampetti, Chief Operating Officer of MRI, who is an
experienced executive in the automobile industry, said, "This new
SaTrac system is the most exciting product introduced to the
aftermarket auto sales venue in over twenty years. I believe dealers
will view this item as one of the finest value-added products ever
made available to their consumers. Dealers will now have a much needed
revenue source previously unavailable to them."
Peter Ubaldi, the CFO of HSNi adds, "This national coverage and
immediate market penetration will give the company a head start on
reaching its projected revenue for this year. Each sale not only
creates immediate income but also establishes a future revenue stream
by virtue of the ongoing service fees that are part of every sale. It
is the classic 'razor/razor blade' model."
About Auto Corp Equities, Inc.
AutoCorp Equities, Inc. (ACOR), a publicly-traded holding company,
has entered into acquisition agreements with Rodwell Software Systems
and ComTrak Solutions. These companies, brought to AutoCorp by some of
its major shareholders, produce and market revolutionary new GPS
tracking devices and software. AutoCorp will change its name to
Homeland Security Network, Inc. (HSN) on or about February 28th, 2005
to reflect the direction of its new course of business. The company
will capitalize on rapidly-emerging, largely under-served, GPS
tracking markets. These markets, whose scope was dramatically
accelerated by the increased need for Homeland Security, have a
potential demand in excess of 100 million units-plus in the United
States, Canada and Mexico over the next decade. HSN plans to lead the
GPS tracking industry through the combined assets of its newly
acquired companies' propriety software and market distribution
capabilities. The re-structured company is also completing
negotiations with a major international electronics manufacturer that
will give it the ability to quickly and economically expand its sales
efforts to all of its targeted markets. HSN expects to capture a
dominant share of the GPS market with its ability to provide, in large
quantities, the lowest cost tracking hardware, and to offer the most
cost-effective data transmission fees (wireless airtime consumer
costs) in the industry. Airtime costs, which largely inhibit the
current GPS market's product sales and deployments, will be nearly
2000% lower for HSN than those of its nearest competitor for
comparable data transmissions. The company's GPS products will
incorporate state-of-the-art map tracking and trailing, geo-fencing
alerts for designated parameter infringements, and the ability to
uniquely control all vehicle functions from its customer's web-enabled
mobile phones or personal computers, via the company's proprietary
Internet website system software.
Interviews with the Company's CEO are available at
http://www.wallstreetreporter.com/profiles/AutoCorpEquitiesInc.html
http://www.ceocast.com/company.cfm?cid=2247
Safe Harbor Statement
This press release contains forward-looking statements that
involve risks and uncertainties. This release contains statements that
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements appear
in a number of places in this release and include all statements that
are not statements of historical fact regarding the intent, belief or
current expectations of the Company, its directors or its officers
with respect to, among other things: (i) the Company's financing
plans; (ii) trends affecting the Company's financial condition or
results of operations; (iii) the Company's growth strategy and
operating strategy; and (iv) the declaration and payment of dividends.
The words "may," "would," "will," "expect," "estimate," "anticipate,"
"believe," "intend," "promise," "seeking to," "negotiating to" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond the
Company's ability to control, and that actual results may differ
materially from those projected in the forward-looking statements as a
result of various factors.
Mailing List
Interested investors are invited to contact MarketConnexxions at
info@marketconnexxions.com to be added to the mailing list for HSN.
Contacts:
MarketConnexxions, LLC
Ken Lowman, 212-922-0573
info@marketconnexxions.com
or
AutoCorp Equities, Inc.
Terri Ashley, 214-618-6400
tashley@autocorp.net
ETLC moving in pre-market now .97 x 1.00
I rolled the dice on this one for a few, seems like bottom here. I talked to IR seems the shorts have creamed it, if the float is correct...they could be short as much as there is in the entire float. All I wasnt is a short cover panic lol
Your right nerachal, there are a lot of quality people posting over here. I really think this group can be very successful going forward from here.
Lets work together and make some profits.
Happy Trading,
Shac.
Ok my chartest friends, I will be first to admit my chart reading is average at best. Comments on the following based on technicals:
ALRX
MMFS
OSFT
Thank you
Funny you should mention ACOR not more than an hour ago I was told to "keep and eye on ACOR this week".
Shac.
I agree, like how that one spikes from time to time too.
Nate I like the look of that chart, putting on watch screen now.
Shac.
lol, I was in Laughlin in January...nice place away from the hussle and bussle of Vegas.
Bring on Tuesday, looking for a good week here.
Regards,
Shac.
Have a great weekend everyone!!
...Market we will see you on Sunday
Cheers,
Shawn
CNCW accumulated 8 million here, looking for pennies on this one
Now .0083 x .0086
Marlow,
This is what I am told:
tell him we know all about the short and it is being taken care of today
That is a CRAZY azz chart
Buying MMFS at .09
Huge short...it could be a huge battle enter at your own risk on this one
Hey Shorty,
If my measley 10k in MWWD doesn't work out I won't loose any sleep believe me. My 125k ETLC at .25 avg is looking just fine to me today. Take my MLXO postion with it running today it was hard to even bother looking at MWWD. Heck I never even looked yet what it closed.
BTW I heard today they are going to take measures against the shorting on it. Something about the cert been shorted against is been pulled...whether something happens or not we'll see, like I said I have a tiny position. I played this a while back from .72 to 1.00
OH BTW with 17 mm o/s I find it hard to believe we will ever see .05 cents. But hey...good luck to you, if you think that it will hit .05 short another couple hundred thousand IMO
Shac.
MIGR one heck of a call natemichaud, do all yours calls take this darn long to run??? lol
congrats
That is a wonderful commitment to a stock...well done Lazarus
Hi BB,
I too enjoy your charting on this one, thanks for stopping by.
Cheers,
Shawn
Hi Masterfridge, Interesting handle what does it stand for???
We at PennyShac want to extend a warm welcome...enjoy and come by often.
regards,
Shac.
Real nice turn in RSI
OHRL going to look into tonight, anything you have on it would be appriciated.
Thanks,
Shac.
Sweet James, glad I continued to accumulate on the cheap. I hope she rocks for us all here.
Shac.
catalinalina, that would be great if you have the time to post that daily...thanks.
Shac.
ALRX Consolidation:
CNCW .0082 x .0083 now, expecting much more from here
CTDH .10 x .11
ETLC nuts in premarket
ETLC UTing in premarket .85 x .90
Gave the CEO cast a listen, good concept here.
What is the share structure?
http://www.americanmobiledental.com/
Does Lebed still have power? Guess we'll find out today. Do you get the write up?
Shac.
Thanks Fred, iHub is a great site :))
Good Morning everyone
SHac.
AlphaRx to Begin Phase 1 Clinical Trial with Lead Pharmaceutical Product Indaflex(TM)
2005-02-16 08:02 ET - News Release
MARKHAM, ON, Feb. 16 /PRNewswire-FirstCall/ -- AlphaRx Inc. (OTC BB:ALRX.OB - News), an emerging biopharmaceutical company utilizing proprietary drug delivery technology to develop novel formulations of drugs, is pleased to announce that AlphaRx has received approval from the appropriate authorities to begin Phase 1 human trial for its lead pharmaceutical product Indaflex(TM).
The primary objective of this study is to evaluate the safety and tolerability of single- and multiple-dose applications of Indaflex(TM), a novel formulation of indomethacin cream. The secondary objective of this study is to evaluate the bioavailability of Indaflex(TM) relative to Indomethacin 50 mg capsule, after a single-dose in healthy subjects.
About Indaflex
Indaflex is AlphaRx's topical NSAID (Non-Steroidal Anti-inflammatory Drug) formulation intended to start clinical development soon for use in the treatment symptoms of arthritis. Arthritis is the most common chronic condition in North America and afflicts an estimated 10% of the world's population. Indaflex's active ingredient, Indomethacin, has long-standing and proven clinical treatment records. With AlphaRx's enhanced proprietary delivery system, the company believes its clinical effectiveness will be significantly enhanced compared to other topical preparations. Topical Indaflex delivery, the company hopes may circumvent the significant GI side-effects found with orally ingested NSAID's.
About AlphaRx Inc. (http://www.alpharx.com/)
AlphaRx is an emerging biopharmaceutical company utilizing proprietary drug delivery technology to develop novel formulations of drugs that are insoluble or poorly soluble in water or have yet to be administrable to the human body with an acceptable delivery method.
Forward Looking Statements:
This release contains forward-looking statements within the meaning and pursuant to the Safe Harbor provisions of the Securities Litigation Reform Act of 1995 and involve risks and uncertainties that may individually or mutually impact the matters herein described, including but not limited to product development and acceptance, manufacturing, competition, regulatory and/or other factors, which are outside the control of the Company.
For more information, please contact:
Agora Investor Relations Corp.
Web: http://www.agoracom.com/
E-mail: ALRX@Agoracom.com
AlphaRx Inc.
CONTACT: Agora Investor Relations Corp., Web: http://www.agoracom.com/,
E-mail: ALRX@Agoracom.com
Who knows, the guy telling me this gave me MAUG at .11 hit .35 next day. So to date he is 1 for 2 with the second one still pending here
Huge promo coming biggest in the history of the stock
Welcome Mick, come by often...
Missed today businees duties called me away :(
Cheers,
Shac.
Nice short
I am long from .65
Never...big or small we find em all interesting.
Good morning everyone, here is to a green day.
Cheers,
Shac.
I played it in January too .022/.025 out at .08/.09
I agree there are flags, and I won't be around long enough to get burned on this one. I will however ride it for all its worth, they are ready to run it I can feel it. We got time here IMO
I have some I am willing to hold for well over a year or more on OTC but the difference is on those ones the CEO's can be trusted.
Want to know the easiest way to make one MILLION on the OTCBB???
Start with two MILLION
LOLOLOLOL