ZVTK.PK $0.0026, PR Released at close. ========================================================================================================== Dear Gail,
Per our previous conversation held via pm, I'm providing a 2nd follow up post with your permission. Hopefully, I will have addressed the questions and concerns shared regarding the stock and the PR released at the close on Friday's trading session for ZVTK. (See below for the link found on Yahoo Finance)
With today's PR issued at the close, the company has announced that it will officially sell the Ionic CFL Lightbulb starting Monday via its website, and then will begin a TV media campaign by the end of December.
After watching this stock for a couple of months, I finally stepped in on December 1, and then subsequently posted on your board regarding ZVTK. What was interesting to me regarding the ZVTK stock was that despite a long downward trendline, a base had finally appeared to have been established and therefore, I started to accumulate with an entry point of $0.0021 and then through $0.0029. Note, accumulation only, without selling shares. At the present time, I would characterize the stock as having a soft breakout (albeit established over a couple of months) from the downward trendline only, as no real trigger was really available to cause the chart to break through the next resistance point of approximately $0.0032. However, with actual sales set to begin on Monday, the resistance point of $0.0032 may be tested. With a true break out of the downward trendline, the stock may become bullish on the chart.
Additional items to consider with ZVTK: 1. It is my understanding that ZVTK intends to eventually market the Ionic CFL Lightbulb to Europe and Asia. 2. The incandescent lightbulb will be eventually banned in the US and in Europe the 100W Incandenscent lightbulb has already been banned since approximately September. While the actual ban for the US domestic market isn't right away, this is a "green" product as it saves money on electricity for lighting while clieaning the air. 3. ZVTK recently eliminated approximately $500 million USD in debt, in exchange of shares. 4. The CFL appears to be an instant on type and not one that requires it to warm up before the full capacity of lumens is produced.
At the moment, this appears to be an interesting play. I missed out on an early entry on another infomercial type of stock, SPNG and then kicked myself when I saw the infomercial for SPNG on TV and the resulting pps for that stock.
Please see my disclaimer at the bottom of this post. While I may not frequently post on this board, I stop in and read from time to time. Thank you gail for allowing a 2nd post to be provided as a means of updating the developments of this stock.
NEW YORK, Dec. 18, 2009 (GLOBE NEWSWIRE) -- Zevotek, Inc., (Pink Sheets:ZVTK - News) (Frankfurt:T5V1.F), a worldwide direct marketer and distributor of innovative personal and home care items, today announced that it will start selling Ionic Bulbs on December 21, 2009. Starting Monday, consumers can order Ionic Bulbs on www.newionicbulb.com, a Company website that is directly linked to the warehouse where Ionic Bulbs are in stock and ready to ship. Commenting on the announcement, Zevotek's CEO, Adam Engel, said, "We are excited to start selling Ionic Bulbs to customers across America. People can simply go to www.newionicbulb.com, point, click and buy Ionic Bulbs. We plan to air the Ionic Bulb TV infomercial before the New Year. I look forward to announcing some dates, times and channels that our ad can be seen."
The Ionic Bulb is designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use compact fluorescent light bulb (CFL). Mr. Engel added, "I believe Zevotek's Ionic Bulb is the right product at the right time. Ionic Bulbs deliver the money saving value that U.S. consumers want while improving indoor air quality and helping consumers go green. The Ionic Bulb is the CFL equivalent of a 100 watt bulb equipped with Zevotek's exclusively licensed ionizing technology."
About the Company:
Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb. The Company plans to market the Ionic Bulb through TV infomercials, catalogs, magazines and major U.S. retail and specialty stores and the Internet. The Company's new 2 minute Ionic Bulb TV ad is designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek's Ionic Bulb infomercial airs on the Company's www.newionicbulb.com website.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of marketing the Ionic Bulb are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Zevotek, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission.
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