MDM Group (MDDM)

[ProfitScout]

OTCStockExchange.com - GAXY, FLYI, MDDM, TASR

Rochester, NY, Jan 11, 2005 (M2 PRESSWIRE via COMTEX) -- OTCStockExchange.com`s "Stock Watch Alert" this morning are Galaxy Minerals ( GAXY ), FLYi, Inc. (NasdaqNM: FLYI), MDM Group, Inc. (Pink Sheets: MDDM), Taser International Inc (NasdaqNM: TASR).

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Galaxy Minerals (OTCBB: GAXY - http://finance.yahoo.com/q?s=GAXY.OB ): Galaxy Minerals announced on December 16th, 2004 that the Yellow Jacket Gold Mine located in the Oro Blanco Mining District, Santa Cruz County, Arizona will commence production operations pending the final outcome of a multi-million dollar financing deal with completion expected in 45 days or less.

In addition, Galaxy Minerals stated that even though we have not completed work relating to grades, talks with Senior Geologist Craig Parkinson concluded that from historical data the values were quite high but explained that even at a low 1/4 ounce per ton, that's approximately 285,000 Ounces of Gold just on the Yellow Jacket Mine (not including the minerals on the adjoining Phoenix Mine).

President/CEO Matthew Symonds Remarked that "In my opinion, Galaxy Minerals Inc. is destined to be a world class exploration and mining corporation. The decision to mine the Yellow Jacket Gold Mine is something that was not just thought of overnight. Everyone in our company has given 101% of themselves to get to where we are now and all that hard work and time is paying off."

Spearheading the Yellow Jacket Mine project is Senior Geologist Craig Parkinson of Parkinson Geologic Services (Parkinsongeologic.com), who has over 25 years experience and is a registered practicing geologist in 12 States (AZ-REG#30843 & AIPG#10098). He is currently reviewing all available data including recent Drilling and subsequent sampling and is expected to confirm the average Gold grade and the initial blocked out gold reserve for the Yellow Jacket Mine.

ABOUT GALAXY MINERALS ( http://www.galaxyminerals.com ) Galaxy Minerals, Inc. is incorporated in the State of Florida and trades on the OTC BB under the symbol GAXY.OB. Its main focus is that of Mining & Mining Exploration. Included in Galaxy Mineral's portfolio in various forms of JV and interest earning ventures are:

PERU.

The Culebrillas Gold Mine situated in the Pataz Gold Belt of Northern Peru has a potential Inferred Gold Resource in excess of 3,000,000 ounces, based upon independent historical data calculations, extensive sampling, previous drilling programs, and actual pilot plant production for the past 10 years. Galaxy has acquired certain mineral rights in Peru, to develop the Culebrillas mine.

ARIZONA.

OATMAN GOLD & LEXINGTON PATENTED GOLD PROJECTS Galaxy Minerals Inc. has a 75% interest in 7 patented and 76 unpatented mining claims in and around Oatman Arizona.

YELLOW JACKET GOLD MINE & PHOENIX GOLD PROJECT Galaxy currently holds a 51% interest in the patented Yellow Jacket Gold Mine in Southern Arizona and the adjoining Patented Phoenix Gold project.

FLYi, Inc. (NasdaqNM: FLYI - http://finance.yahoo.com/q?s=flyi ): FLYi, Inc., parent of low-fare airline Independence Air, stated today that it has finalized an agreement with GE Commercial Aviation Services, Inc. and certain of its affiliates ("GECAS") to provide for the early termination of leases on ten regional jet aircraft during the first quarter of 2005. The ten aircraft will be removed from service after February 1 and will not affect the company's flight schedule that is currently available for booking. The agreement also does not affect the company's Airbus A319 operations, which will continue to operate on their previously announced schedules, with existing non-stop service between Washington Dulles International Airport and Tampa and Orlando, and new non-stop service from Washington Dulles to West Palm Beach, FL to begin on February 1, 2005 and service to Fort Myers, FL beginning February 17, 2005.

In addition to the agreement for early lease terminations on ten regional jet aircraft, the company has also entered into a memorandum of understanding ("MOU") with GECAS that, subject to satisfaction of a number of conditions, provides for GECAS to extend the company a secured 5-year term loan in the amount of $19.5 million, and addresses the restructuring of obligations with respect to 27 additional regional jets as to which GECAS has provided financing. Specifically, with respect to these regional jets, the MOU provides for the early termination of leases for between six and ten additional regional jet aircraft during the second quarter of 2005 under terms similar to the first ten aircraft and, provides that GECAS will consent to the restructuring of rentals to defer a significant portion of the payments due through April 30, 2006. The MOU is subject to a number of conditions, including the approval of the remaining financing parties in the 27 aircraft to restructure payments which are due to them, and including the requirement that the company reach similar agreements with the lenders and lessors on other aircraft. The company is filing an SEC Form 8-K setting forth additional information on the company's agreement and MOU with GECAS.

The company views the agreement and MOU with GECAS as an important step in the company's efforts to restructure its obligations with its aircraft lenders and lessors. The company is continuing to engage in discussions and negotiations with those parties. However, there is no assurance that the conditions in the MOU with GECAS will be satisfied, including the condition that other aircraft financing parties agree to defer or restructure the company's obligations on similar terms, or that the company otherwise will be able to address and resolve its liquidity issues.

Independence Air currently offers service to a total of 38 destinations- with flights to West Palm Beach, FL scheduled to begin on February 1st and service to Fort Myers, FL scheduled for February 17th. The Independence Air hub at Washington Dulles is the largest low-fare hub in America in terms of total departures. For more information about FLYi, Inc. and Independence Air, please visit our website at http://www.FLYi.com.

MDM Group, Inc. (Pink Sheets: MDDM - http://finance.yahoo.com/q?s=MDDM.PK ): MDM Group, Inc. -- Non Lethal Weapons for Law Enforcement, Military and Anti-Terrorism is a development stage advanced technologies company working on ShockRounds(TM) which are a potential breakthrough product for the law enforcement industry, the military and border control and anti-terrorism 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.

Taser International Inc (NasdaqNM: TASR - http://finance.yahoo.com/q?s=tasr ): Taser International Inc.'s stock plunged more than 22 percent Tuesday after the company said it may see some delays in orders in the first half of fiscal 2005, as potential customers test and evaluate rivals' products.

The Scottsdale, Ariz. stun-gun maker made the disclosure in an open letter to shareholders and customers -- which the company normally only publishes in conjunction with it annual report -- intended to ease investors' concerns amid an informal Securities and Exchange Commission inquiry into the safety of its less-than-lethal weapons and the timing of a sale to a distributor.

Since its disclosure of the informal SEC inquiry, Taser shares have plummeted more than 43 percent from its closing Jan. 6, including a drop Monday of 11.8 percent.

After the markets closed Jan. 6, Taser said it was cooperating with the informal SEC inquiry into its safety statements, as well as a sale to distributor Davidson Inc.

The sale raised the eyebrows of at least one analyst, Gradient Analytics' Rob Miceli, given that it came just 11 days before the end of the quarter, possibly allowing the company to meet its fourth-quarter and full-year revenue forecasts.

Morgan Keegan told clients in a note Tuesday that although it's maintaining its "market perform" rating on the stock and likes its long-term prospects, it has concerns regarding the SEC inquiry, as well as rivals' product offerings.

"We are also concerned that potential competition may slow down Taser sales to the law enforcement community in the first half of 2005," said the broker in a note. "We see some competition coming into the company's market in the next few of months. We believe that despite these new entrants, Taser will continue to penetrate domestic and international markets."

Insider sales explained

In addition, Taser disclosed insider sales, in which Phil Smith, who retired as chairman Dec. 31, sold most of the Taser stock he owned.

Meanwhile, co-founders Tom Smith and Rick Smith sold about 22 percent of their respective Taser share holdings in the fourth quarter.

"We still retain a significant majority of our personal assets," Tom Smith and Rick Smith said in the letter. "Hence, we feel that the rumors about us 'bailing out' are not fair, nor accurate."

Executives at Taser International have profited well from the company's sharp stock swings over the past year, despite controversial news reports about the company's main product.

According to insider trading data from Thomson Financial, executives and board members at Taser sold more than $125 million of shares during 2004.

In the previous year, insider sales totaled about $17.3 million, according to Thomson data.

The bulk of those sales came in November, as Taser shares crossed into record territory above $30, on a split-adjusted basis. Insiders sold off $61.6 million of shares during the month.

Members of the company's founding family have made the most profitable insider transactions this year.

Chairman Phillips Smith and sons Patrick and Thomas -- who serve as the company's CEO and president, respectively -- sold about $105 million of shares in 2004. A portion of those shares were acquired through the exercise of options.

The stock made sharp swings in both directions last year as news of new contracts was offset by reports questioning the safety of the company's products.

On November 8, Taser shares jumped 16 percent after its stun guns were cleared for use aboard planes by the U.S. Transportation Security Administration.

That gain was offset by a New York Times article later in the month reporting an unreleased government study that reportedly found the company's stun guns to be dangerous in certain circumstances.

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