The Trading Floor

[mick]

this is some news for MDDM. a favorite for homeland stuff.
Funding of ShockRounds(TM) Non-Lethal 'Electric'Bullets Project Commences
4/14/04 : mddm

DALLAS, TX, Apr. 14, 2004 (MARKET WIRE via COMTEX) --
MDM Group, Inc. (OTC: MDDM) advises that following successful completion of initial due diligence as announced by Harrington Group Ltd (ASX: HGR) to the Australian Stock Exchange on April 6, 2004, funding of the Company's ShockRounds(TM) project by Harrington Gro
up has now commenced.

As per the conditions of the Agreement entered into between MDM Group and Harrington Group, Harrington Group is now responsible for provision of working capital to the ShockRounds(TM). Until formal closing of the transaction these funds are advanced on a monthly basis to cover basic operational, staffing and consulting costs with the first AUD$80,000 having been received by MDM Group this week. This arrangement will continue for three months following which Harrington Group is expected to have completed their capital raising and obtained their shareholder approval for the transaction closing. Following this three-month period and the closing of the transaction, the full funding phase of the ShockRounds(TM) project will be implemented.

ShockRounds(TM) are a potential breakthrough product for the law enforcement industry, the military, border control and anti-terrorism and Homeland Security initiatives, due to their versatility and multiple applications. When fired, a ShockRounds(TM) specialized bullet generates an extremely high voltage charge. This voltage discharges instantly upon impact causing immediate target incapacitation.

ShockRounds(TM) 'electrified'standard bullets and rubber bullets are forecast to:

-- Make law enforcement safer and more certain-- Save lives and ensure less collateral damage-- Reduce injuries and fatalities-- Enable far better control and effective enablement in aircraft, public places, arenas etc.-- Provide an effective anti terrorism and border control weapon-- Potential to decrease legal liability - through reduced injuries and fatalities
The ShockRounds(TM) patent pending technology was developed by Technosis, a member of the Girvan Business Venture Acceleration Network ('B-VAN'). See: www.girvan.org and search 'Technosis'.

As announced previously, MDM Group has entered into a conditional agreement with Harrington Group Limited (HGR), a company listed on the Australian Stock Exchange (HGR.AX) to commercialize the company's ShockRounds(TM) non-lethal technology. See Press Release of February 24, 2004

me:
mddm has been backing and filling some of the gaps made in recent gains.