|
IFXY, SMNG, YESD, BMGP, SENZ
OSTE, QASP, KHGT, GTXO, SRSR, IWEB
Our Stocks to Watch today include Infrax Systems Inc. (OTCBB: IFXY), Strategic Mining Corp. (OTC: SMNG), YesDTC Holdings Inc. (OTCBB: YESD), Biomagnetics Diagnostics Corp. (OTC: BMGP), Sport Endurance Inc. (OTCBB: SENZ), Osteotech Inc. (Nasdaq: OSTE), Quasar International Holdings Inc. (OTC: QASP), Kalahari Greentech Inc. (OTC: KHGT), GTX Corp (OTCBB: GTXO), Sarissa Resources Inc. (OTC: SRSR) and IceWEB Inc. (OTCBB: IWEB).
FEATURED COMPANY
INFRAX SYSTEMS INCORPORATED (OTC: IFXY)
Detailed Quote: http://www.otcpicks.com/quotes/IFXY.php
Company Profile: http://www.otcpicks.com/Infrax-Systems.htm
Infrax Systems offers a series of interrelated operational management, communications, and grid security related products and services known as Secure Intelligent Energy Platform (SIEP). Our products enable a comprehensive and unified solution for communications and applications management of the Smart Grid. SIEP™ incorporates a wide array of communications, security, device and data management tools for Smart Grid applications such as advanced metering solutions and grid optimization. SIEP platform creates a unified solution to securely manage Advanced Metering Infrastructure (AMI) and distribution automation. Infrax's secure smart grid platform incorporates a communications transport and management system, (Grid Mesh™), device and data security management, and ultimately secures intelligent endpoint devices (SIED). The secure management of the "last mile" backhaul will be necessary for utilities to implement Smart Grid applications including AMI, real-time pricing, Demand Side Management (DSM), Distribution Monitoring and Automation. When combined, these applications can offer economic, operational and environmental benefits for utilities, and ultimately the utility's customers.
IFXY News:
August 17 - Infrax Announces the First Upgradable WiMAX / LTE Base Stations Designed to Protect Operator's Investments
Upgrade Capability to LTE Makes Infrax Products "Future Proof"
Infrax Systems, Inc. (OTCBB: IFXY), a global provider of unified Smart Grid-related products and services for the Energy and Utility industries, today announced the availability of the first upgradable WiMAX/LTE base stations. This upgrade option provides for a migration from WiMAX (802.16e) to Long Term Evolution (LTE) capability without replacing the Base Station. As the Infrax Base Stations are FPGA based, one can change and update the core networking protocols and the channel sizes in the field making these the most flexible 4G base stations available. These modular 4G base stations can even provide the ability to change to a different frequency by changing radio modules to provide more longevity of the platform and protect network operator's investments.
Infrax's wireless communications products are a core component of Automated Metering and Substation Automation projects for Utilities. By enabling advanced, reliable communications in a variety of frequency ranges, the products have a broad application range. These WiMAX / LTE base stations can be used in different frequency ranges, such as 2.3-2.6 GHz, 3.3-3.8 GHz or 700 MHz and can also be modified to operate in the "White Space" UHF frequency range 470-860 MHz.
Gone are the days where network operators had to compromise when selecting their technology. In the battle between WiMAX and LTE, Infrax is uniquely positioned to provide not only either solution, but to allow clients to upgrade their existing WiMAX base stations to full LTE capability simply and cost effectively. As the wireless industry continues to pit WiMAX against LTE in an epic battle for 4G supremacy, with Infrax the 4G future is not an either/or proposition.
As utilities and wireless service providers roll out applications requiring greater throughput and increased reliability, this modular and scalable product line provides high performance, efficient, broadband wireless networks with the lowest OPEX and CAPEX in the industry.
FEATURED COMPANY
STRATEGIC MINING CORPORATION (OTC: SMNG)
Detailed Quote: http://www.otcpicks.com/quotes/SMNG.php
Company Profile: http://www.otcpicks.com/Strategic-Mining.htm
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the US (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to other key properties and by initiating strategic joint ventures.
SMNG News:
August 17 - Strategic Mining Completes Geological Report for Its Nevada/Utah Gold Property
Strategic Mining (OTC: SMNG) announced that it has recently completed a geological report for its East Canyon gold property located in both Nevada and Utah. Due to the presence of both gold and silver, further geological mapping, geochemical and geophysical surveys are required to develop new or refined exploration targets for both gold and silver.
Hassan Alief, the company's geological consultant, reviewed geochemical and field reports from historic and recent exploration to evaluate the property and write a report. Pending further investigation, Strategic Mining has plans for the further acquisition of adjacent properties.
President, Todd Sterck commented: "We are fortunate to have our gold property located in pro-mining states. Our goal is to establish ourselves in this region that has a long and proven track record for successful gold production."
The company has entered into negotiations with interested parties for the initial financing of $5 million required to develop at least one of its properties and begin gold production. These negotiations are in the early stages and SMC will update its shareholders on the progress as it develops.
Strategic Mining Corporation is engaged in the exploration and development of gold properties in Vietnam, the U.S. (Nevada/Utah) and Africa. The company intends to expand by acquiring mineral rights to more key properties and initiating strategic joint ventures.
FEATURED COMPANY
YESDTC HOLDINGS INCORPORATED (OTCBB: YESD)
Detailed Quote: www.otcpicks.com/quotes/YESD.php
Company Profile: http://www.otcpicks.com/yesdtc-holdings/yesdtc-holdings.htm
YesDTC Holdings, Inc. is a direct-to-consumer marketing company specializing in direct response television (DRTV), Internet and retail marketing programs. The Company brings a unique set of skills to this marketplace. YesDTC combines both creative talents and financial acumen to create a total package for direct-to-consumer marketing programs. We have formed a strategic partnership with Schulberg Media Works (SMW), one of the pioneering firms in the direct-to-consumer space. SMW's track record is impressive with nearly $1 billion in revenues and a strong track record of industry awards. SMW campaigns include Tempur-Pedic, Guthy-Renker, Sony, 24-Hour Fitness, Rhino Records, HarperCollins, PureSleep, among many others.
YESD News:
August 5 - YesDTC Holdings Receives Notification of Japanese Class II Designation
YesDTC Holdings, Inc. (OTCBB: YESD), a direct-to-consumer marketer and global distributor of consumer goods and products, today announced it has been notified that the Japanese government agency in charge of medical device regulation has placed the ActiPatch™ Therapy and the Allay™ Menstrual Pain Therapy products manufactured by BioElectronics Corp, (OTC: BIEL) in the Class II category. YesDTC Holdings is the exclusive distributor for all Bioelectronics products in Japan.
"We are clearly excited to have been placed in the Class II category," commented YesDTC Holdings CEO, Joseph Noel. "The Class II designation will allow YesDTC to partner with other Japanese distributors that currently hold medical device licenses, thereby speeding our entry into the lucrative Japanese medical device market. With this designation, direct to consumer marketing without a healthcare provider's prescription is permitted and no further clinical trials will be needed. The pain relief product vertical is very large in Japan and the demand for non-drug based therapies very strong."
Beginning with the start of the third calendar quarter, YesDTC moved from the development phase into a revenue production phase. In addition to the Bioelectronics product line that will be marketed into Japan, YesDTC recently launched its first North American direct response television program, called Simply Music™ (www.trysimplymusic.com). YesDTC recently moved this program out of the test phase. The Company is currently in production for its second North American program for the MediPendant™ personal medical alarm, which is manufactured by Medical Alarm Concepts Holdings, Inc. (OTCBB: MDHI). YesDTC is currently developing several other direct response television programs and other marketing initiatives designed to significantly increase shareholder value.
FEATURED COMPANY
BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)
"Up 8.39% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php
Company Profile: http://www.otcpicks.com/Biomagnetics-Diagnostics.htm
Biomagnetics Diagnostics Corporation is an advanced medical device and biotechnology company. The Company's revolutionary diagnostic systems, which are based on advanced magnetics, test for any viral or bacterial disease using any body fluid. The Company's technology allows laboratories to perform far more tests in the same amount of time it takes to do a single test. The HTS-MTP platform is designed to detect the actual virus and viral load in body fluids and not just simply screen for the presence of viral antibodies.
BMGP News:
July 26 - Biomagnetics Provides Investor Update
Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and other innovative technologies, provided the following updates on corporate activities.
Clayton Hardman, CEO of Biomagnetics commented, “We have recently completed a thorough review with our auditors, results which will soon be open for review. This will be the first step in becoming a fully reporting company and being listed on the OTCBB. Full transparency is critical as we expand and move forward with planned acquisitions. Over the coming weeks and months you will see substantial developments from our company. We believe we are on the leading edge in revolutionizing tuberculosis diagnostics throughout the world in partnership with Los Alamos National Laboratories. We are equally excited about introducing to the world revolutionary biodegradable plastic film and several “green” bio-fuel formulations all of which hold the promise to significantly reduce pollution. It is clearly a very exciting time for our shareholders. Below, we have provided a detailed update of some of our recent corporate activities.”
Corporate legal staff has already completed the majority of the required Securities and Exchange Commission (SEC) filing information (Form 10) and expects to file with the SEC over the next few weeks.
Integrated Optical Biosensor Development (IOBS) - Biomagnetics continues to work toward development of the world's first integrated optical biosensor for the detection of disease causing pathogens. Biomagnetics is aggressively working with the staff of Los Alamos National Security, LLC to arrange a joint conference call or webinar to discuss this project with both the medical and investment communities.
Zhuhai Oil New Energy Science and Technology, LTD Acquisition - Biomagnetics recently announced the signing of a letter of intent to acquire Zhuhai, an innovative designer and producer of low carbon biofuels. Today, the companies are releasing test results on these unique biofuel blends. According to China National Vehicle Pollutant Emission Standards, idling nitrous oxides cannot exceed 200 ppm for light duty gasoline vehicles. Recent tests using the Zhuhai low carbon gasoline blend produced test results of only 6 to 27 ppm. The high idle standard is for less than 150 ppm, with the Zhuhai blend product testing at 3 to 15 ppm. The Zhuhai gasoline product also significantly reduced carbon emissions with test results of 0% to 0.2%, versus the maximum national carbon emissions standard of 0.5%. As was announced on July 21, biofuel production at the plant was recently increased to 60 metric tons per hour. It is estimated the average pretax profit per ton of various fuel blends that will be sold to power plants and other industrial users will range between 700 RMB and 1,300 RMB per ton. The companies recently completed additional negotiations toward the closing of this merger, which included an agreement to allow Biomagnetics to manage the process of filing all U.S. patent applications for these low carbon biofuels.
Lanzhou Sanhuan New Technology Acquisition – On July 12th, Biomagnetics announced the signing of a letter of intent to acquire Lanzhou Sanhuan, the developer and patent holder of a unique highly degradable, PVA plastic film with unique gas permeation reduction features. Biomagnetics has recently completed its initial legal review of the patent held by Lanzhou, the status of current production levels and the validity of the ongoing Chinese government agriculture-related contract for a significant amount of Lanzhou PVA film. As a result of this review, Biomagnetics will move forward with a formal offer for the Company.
Additional Acquisitions - Biomagnetics is today announcing its intent to move toward an acquisition related to the manufacturing inputs for the Lanzhou PVA film while reviewing an additional proposed acquisition relating to the production of bio-fuels in China. This additional bio-fuel acquisition is designed to provide a limited level of vertical integration in order to better meet strong demand required by a local Guangdong electric power station that has agreed to place a significant order for the cleaner burning Zhuhai biofuel blend.
Relative to the acquisition of Lanzhou and Zhuhai, Biomagnetics will issue a total of 20 million shares of common stock and has agreed to capitalize these two operations with $2 million in capital of over the next 90 days. The Company believes these acquisitions will be highly accretive to earnings and will result in a significant addition to shareholder value.
FEATURED COMPANY
SPORT ENDURANCE INCORPORATED (OTCBB: SENZ)
"Up 4.07% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SENZ.php
Company Profile: http://www.otcpicks.com/Sport-Endurance.htm
Sport Endurance, Inc., a development stage company, focuses on developing, manufacturing, marketing, and distributing beverages, snacks, and dietary supplements products in the United States. It would provide energy drinks and energy shots. The company intends to offer its Shocking Great Taste energy drinks in six flavors, such as mango cream, raspberry cream, fruit punch, tropical, doo drop, and cran-grape; and sugar free energy shots in four flavors, including mango, tropical, fruit punch, and raspberry. Sport Endurance, Inc. was formerly known as Cayenne Construction, Inc. and changed its name to Sport Endurance, Inc. in August 2009. The company was founded in 2001 and is based in Las Vegas, Nevada.
SENZ News:
August 16 - Sport Endurance's Liquid Creatine Gel Caps Out Muscle the Competition
Unique Formula With Kre-Alkalyn Allows Safe Consumption of Proven Muscle-Building Ingredient Creatine Using a Fraction of Previous Dosages
Sport Endurance, Inc (OTCBB: SENZ), a health supplement company, has developed a revolutionary formula that enables the safe consumption of Creatine, a proven muscle-building and performance enhancing dietary supplement.
Creatine monohydrate is a proven muscle building, strength enhancing and performance boosting supplement. It's one of the few supplements proven effective.
However, ingestion of the large amounts of Creatine necessary to make significant gains can take a physical toll on the body, sometimes leading to negative physical reactions. Creatine creates reactions such as stomach discomfort, diarrhea, and the famous "creatine bloat" in which the body retains an excessive amount of water. Other side effects include dehydration, headaches and even potential liver and kidney issues.
Sport Endurance, Inc. has developed a formula from Kre-Alkalyn Creatine, which has been proven to be more effective than "Regular" Creatine, and without many of the side effects.
Kre-Alkalyn is Ph. balanced unlike regular Creatine, and is therefore more easily absorbed into the muscle cells. One gram of Kre-Alkalyn is equal to 10 grams of regular creatine monohydrate.
When ingested, most of Creatine rapidly converts to the by-product "creatinine," the toxic substance responsible for causing the unwanted side effects. The result is that there is very little pure creatine left to get absorbed into muscle cells where it's needed. Only 10-20% of the actual amount of Creatine ingested goes to the desired cells. In sum, the more Creatine, the more "creatinine" and thus greater negative effect on the body.
"Kre-Alkalyn allows you to safely consume creatine to its full and most potent level with only a fraction of previous dosages," explained Robert Timothy, CEO of Sport Endurance, Inc.
"Kre-Alkalyn is 'Ph balanced' to be 'immune' to the Ph levels of your stomach acids and other parts of your digestive system. This means, unlike regular Creatine, it does not break-down into the toxic substance creatinine before it reaches your muscle cells. It's 100% stable and 100% bio-available. The result is that you can take less Kre-Alkalyn and still get the same muscle building and strength enhancing effects of much more creatine. This represents a tremendous leap forward in the industry."
STOCKS TO WATCH
OSTEOTECH INCORPORATED (NASDAQ: OSTE)
"Up 63.71% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/OSTE.php
Osteotech, Inc., headquartered in Eatontown, New Jersey, is a global leader in providing biologic solutions for regenerative medicine to support surgeons and their patients in the repair of the musculoskeletal system through the development of innovative therapy-driven products that alleviate pain, promote biologic healing and restore function.
OSTE News:
August 17 - Medtronic Signs Agreement to Acquire Osteotech
Acquisition Will Expand Product Offering, Pipeline and New Markets for Biologics Business
Medtronic Inc. (NYSE: MDT) and Osteotech, Inc. (Nasdaq: OSTE) announced that the companies have signed a definitive agreement under which Medtronic will acquire Osteotech for $6.50 per share in cash for each share of Osteotech common stock. The total value of the transaction is expected to be approximately $123 million.
Osteotech is a leader in the growing field of biologic products for regenerative healing, and has pioneered several innovative technology platforms including Grafton® demineralized bone matrix, a family of products which has a large and growing body of evidence supporting its best-in-class bone generating capabilities. Osteotech's differentiated portfolio of biologics also includes MagniFuse™ Bone Grafts and Plexur® Biocomposites, which are utilized in a broad range of musculoskeletal surgical procedures. In addition, Osteotech is in the midst of seeking U.S. Food & Drug Administration clearance for the first product based upon its first-in-class HCT™ (Human Collagen Technology) platform, an engineered human collagen biomaterial.
The acquisition of Osteotech will complement the Medtronic Biologics business' bone healing portfolio and expand its current presence in spine, orthopedic trauma, and dental into several additional new treatment areas including joint reconstruction, foot and ankle, and sports medicine. In addition, the combined technical and product capabilities will create opportunities to develop breakthrough next-generation products.
"This acquisition represents a key step in Medtronic's strategy to build a broader business in regenerative biologics," said Chris O'Connell, Medtronic executive vice president and Restorative Therapies Group president. "Osteotech's products and capabilities will better position Medtronic in today's competitive musculoskeletal biologics market, and also position the company more broadly for the opportunity we see in the future."
Tom McGuinness, general manager of Medtronic's Biologics business said, "We see substantial opportunities during the next five to 10 years to help more patients with biologics and regenerative therapies. The combination of our two organizations will only accelerate our innovation and progress against our goals in helping to alleviate pain, restore health, and extend life for our patients."
"Our mission is to develop leading-edge regenerative biologics that will positively impact the lives of patients, enhance physicians' capabilities to deliver superior surgical outcomes and enhance the gift of life to promote healing," said Sam Owusu-Akyaw, president and chief executive officer of Osteotech. "Through the efforts of all our stakeholders, we have created a pipeline of biologics platforms unprecedented in the emerging biologics industry. We believe Medtronic's global scale and scope across geographies and functions and its commitment to innovation make them an ideal partner to carry forward our mission."
"With a unanimous vote, the board of directors of Osteotech approved this transaction because the board believes it offers significant value to our stockholders," said Kenneth P. Fallon, III, chairman of the board of directors of Osteotech. "We believe this is the best path forward for the Osteotech organization and products, and we look forward to finalizing this transaction smoothly and quickly."
The transaction is subject to customary closing conditions, including approval by Osteotech's stockholders and U.S. and foreign regulatory clearances.
ABOUT MEDTRONIC AND MEDTRONIC BIOLOGICS
Medtronic, Inc., headquartered in Minneapolis, is the global leader in medical technology – alleviating pain, restoring health, and extending life for millions of people around the world.
Medtronic Biologics, based in Memphis, Tenn., is the global leader in biologics regeneration and pain therapies across a variety of musculoskeletal and other applications. The business markets breakthrough innovations such as INFUSE™ Bone Graft, which received the prestigious Prix Galien USA Award for Best Biotechnology Product in 2008. Medtronic Biologics also has a robust pipeline of other products, including sciatica and post-op pain therapies, all of which complement its focus on applications for the spine, orthopedic trauma, and dental.
QUASAR INTERNATIONAL HOLDINGS INCORPORATED (OTC: QASP)
"Up 42.86% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/QASP.php
Quasar Aerospace Industries, Inc. engages in the design, manufacture, and sale of aircrafts and aircraft components in the United States. The company also operates a flight school at Herlong Airport in Jacksonville, Florida. In addition, it imports and sells aircrafts and aircraft components. The company is based in Jacksonville, Florida.
QASP News:
August 17 - Quasar International Holdings, Inc. (Formerly Quasar Aerospace Industries, Inc.) Announces New Management Team
Dean Bradley steps down as CEO/President of Quasar International Holdings, Inc. (OTC: QASP) and announces the appointment of a new management team.
Dean Bradley said, "I am delighted to announce the appointment of a new management team, with immediate effect. My original vision — to create a group of companies with complementary, ground breaking technology and products — is in place. I brought the company to a point where we have agreed on exciting acquisitions and now need to secure the inward investments to carry this through. Several funding deals are in the final process of negotiation and the new appointments will provide a dynamic and talented team with the experience to move through to completion." He added, "I will serve as Chairman but the running of the company will now be in the hands of this exciting and determined team. The Mineseeker Operations acquisition will be the first to complete, giving us our first high profile international business interest. We have agreed to a short extension with Mineseeker Operations management to facilitate the new team's completion of funding and closing the MINESEEKER acquisition as its first priority."
The executive consulting management team will now be in the hands of Jeffrey Landreth, Chief Executive Officer, Gene Johnson, Chief Financial Officer and Lisa Betros, Chief Operating Officer. Each of these officers have agreed to join the board with their new responsibilities to assist the company in connection with the completion of fund raising, the finalization and closing of the Company's various investments and acquisitions, and with the organization and administration of the holding company and its subsidiaries.
With these appointments, Quasar is expressing its commitment to finalize its funding packages and closing on its remaining acquisitions. Dean Bradley will work diligently with the new Senior Management Team to pursue the company's goals and objectives. In announcing these appointments, Mr. Bradley says, "We are very proud and excited to be able to attract the talent and interest of people such as Jeff Landreth and Gene Johnson and to secure a much more expanded commitment from Lisa Betros who has served as Sr. VP for the past two years. They will provide solid, proven management, administrative and leadership skills for the company as we continue to move forward with the implementation of our vision."
Jeffrey Landreth commented, "This is an exciting venture and I firmly believe that Dean Bradley's vision in lining up world class acquisitions will create a unique and high profile technology group." CFO Gene Johnson added, "After funding is completed, Quasar will be in a position to deliver real and sustainable shareholder value." Moving up to COO Lisa Betros said, "Having worked at Quasar for two years I have great confidence that the new group, together with its acquisitions will fulfill the potential in which we all believe."
KALAHARI GREENTECH INCORPORATED (OTC: KHGT)
"Up 37.50% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/KHGT.php
Kalahari Greentech Inc. is an energy company focused on developing, constructing and operating wind and solar energy projects, either on its own or in partnership with other energy companies. The company's main focus is to seek out opportunities to utilize its technology to develop renewable energy sources.
KHGT News:
August 16 - Kalahari Greentech, Inc. Projects Eighteen Million in First Year Sales for the Solar-Thermal Tri-Brid Generator
Kalahari Greentech, Inc. (OTC: KHGT) released a statement detailing costs and revenues for its patented Solar Thermal "Tri-Brid" generator.
Based on the outlook for 2011 wind power growth forecasts, the wind generator could be useful for as many as 2 million homes.
With government incentives of up to $3 per Watt, analysts expect over 2,000MW in new solar capacity will be installed as early as 2011, up from just over 100MW in 2008.
At a selling price of $6,000 per "Tri-Brid" system unit, the current market potential for 2 million homes is $12 Billion. Assuming manufacturing begins in early 2012 Kalahari should be able to place approximately 3,000 units in the field by December 2012. As a result the expected sales for fiscal 2012 are $18,000,000 (eighteen million dollars). The unit cost for a medium scale production run will be $1,200, producing approximately $14,400,000 of gross revenue.
Designed to be an ideal solution for rural homes and farms, where power infrastructure is limited or impractical to install, The "Tri-Brid" is designed around the goal of providing continuous, usable power without necessary grid power during non-peak times.
This target has driven up the cost of traditional photo-voltaic materials commonly used for solar power generation. By utilizing government incentives and generating power at the site where it is consumed "Tri-Brid" will be independent of the national grid. The Tri-Brid does not use photovoltaic panels. Each self-contained unit is estimated to generate 2.5kW 24 hours per day during most of the year, with peak daytime output being much higher. The incentive translates to $7,500 for first time users.
The Tri-Brid system, when coupled with a water tank, will also be able to generate hot water more efficiently than any photovoltaic/electric systems that are currently on the market. The water can also be used to store excess energy during the day, and can be used for peak power anytime, without the need for a large electrical battery system. Since it utilizes all wavelengths of light, it will still produce power on cloudy days.
The trend toward renewable sources of energy is growing. "Renewables accounted for 60 per cent of newly installed capacity in Europe and more than 50 per cent in the USA in 2009" (Source: http://www.globe-net.com).
Internationally, China is expected to raise its 2020 solar power generation target to at least 10,000 MW. The Tri-Brid generator has a potential market of over 2.5 billion users including India and China.
GTX CORPORATION (OTCBB: GTXO)
"Up 7.69% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GTXO.php
GTX Corp., a leader in embedded real-time GPS Tracking personal location services (PLS), was founded in 2002 and is based in Los Angeles, California. Known for its game changing patented micro GPS device in a shoe - patented smart shoe and its block buster smartphone GPS Tracking App, recently featured in Los Angeles Business Journal and which hit number two on the iTunes top grossing chart, the Company continues to pave the way with innovative geo-specific and proximity alerting applications that help you know where someone or something is at the touch of a button. Committed to being the "better people finder", GTX Corp owns and operates LOCiMOBILE, Inc. which develops location-based social networks (LBSN) applications for smart phones, Code Amber News Service, and the Code Amber Alertag. The Company has an aggressive intellectual property strategy and owns an extensive portfolio of patents, patents pending, registered trademarks, copyrights and website properties. GTX Corp is well positioned to capture the PLS Market through its diverse product platform licensing model, brand recognition, traction in the market and strategic partners.
GTXO News:
August 17 - Samsung and GTX Corp Sign Definitive Agreement to Deliver GPS Tracking Apps to 40 Million New Phones
Samsung Users Join Growing Community of Location-Based Social Networking and Share "Where" Anywhere With GPS Tracking Apps
As it crosses 600,000 downloads in 84 countries, LOCiMOBILE®, Inc. a wholly-owned subsidiary of GTX Corp (OTCBB: GTXO), has inked a deal with Samsung Electronics Co, Ltd., the world's second-largest handset manufacturer in 2009 with sales of more than 235 million units (source, Gartner February 2010) to deliver its family of GPS Tracking Apps to Samsung's new line of smartphones and bada platform.
Samsung, a leading mobile phone provider, launched its own open mobile platform, Samsung bada, in December 2009. This new addition to Samsung's mobile ecosystem enables developers to create applications for millions of new Samsung mobile phones, and offers consumers a fun and diverse mobile experience. Samsung chose the name "bada"--which means "ocean" in Korean--to convey the limitless variety of potential applications that can be created using their new platform.
In the agreement, GTX Corp will develop versions of its tremendously popular GPS Tracking apps specifically for mobile phones that will run Samsung's new bada operating system. GTX expects its GPS Tracking apps to be featured for sale on the Samsung Application Store beginning in October 2010. Of the 40 million estimated Samsung handsets expected to ship between now and mid-2011, 15-20 million will be the new "Scotia" models, to be shipped before the end of 2010.
"The Samsung bada platform further advances our march towards universal availability for our people-finder apps," says GTX Corp CEO Patrick Bertagna. "We're delighted to have been asked by Samsung to participate in this new market and add the bada platform to our current list along with Apple, Android and RIM. We anticipate bada to be huge out of the gate and a tremendous boost to our business in the U.S. and worldwide."
GTX Corp's announcement follows on the heels of an 89% increase in its revenues over the previous quarter and a number of recent software and hardware deals, including the launch of its new consumer based social networking portal www.gpstrackingapps.com. The company also formally launched its GPS Tracking app for the iPad several weeks ago and has already updated that app to version 1.1, and is launching a new GPS camera app this coming month, which will continue to add value to the growing suite of LOCiMOBILE GPS apps.
On the hardware side, developments include embedding miniaturized GPS tracking devices in the Aetrex Ambulator® GPS shoe, which just debuted to the trade at the WSA Show in Las Vegas, and for packages with international shipper MNX.
"We aim to continually drive developments that increase the value and strength of our Company," concludes Bertagna. "The Samsung agreement vastly increases our visibility in the U.S. and abroad, and further validates our GPS Tracking model of letting consumer and business users get the answer to 'Where is my friend, co-worker, family member or high-value asset?' with one push of a button."
ABI Research predicts that more than 550 million GPS-enabled handsets will be shipped by 2012. LOCiMOBILE®, with 10 GPS apps on the market and 3 more in development across 4 major platforms, continues to gain traction and momentum in what is estimated to be a $29 billion dollar market by end of 2013.
ABOUT SAMSUNG ELECTRONICS LTD.
Based in Samsung Town near Seoul, South Korea, Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2009 consolidated sales of US$116.8 billion. Employing approximately 188,000 people in 185 offices across 65 countries, Samsung is widely recognized as a leading mobile phone provider and the bada platform is utilized in millions of phones sold by Samsung. Samsung expects the bada platform will rapidly be adopted by its hundreds of millions of customers this year. In 2010 bada's global distribution and coverage of Samsung mobile phones and Samsung Apps, the application store, will expand its service to 75 countries.
SARISSA RESOURCES INCORPORATED (OTC: SRSR)
"Up 12.42% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/SRSR.php
Sarissa Resources Inc. is a junior exploration company with interests in properties with base metal, precious metal, uranium, niobium and rare-earth prospects in Northern Ontario, Canada. The Company is specifically focused on the development of its Nemegosenda niobium project.
SRSR News:
August 16 - Sarissa Resources Inc. Engages Dahlman Rose as Advisers for Corporate and Project Development
Sarissa Resources Inc. (OTC: SRSR) ("Sarissa" or the "Company") announced that the Company has engaged the investment banking firm, Dahlman Rose and Co., LLC ("Dahlman Rose"), to advise the Company on a range of strategic and financing options to further enhance the value of its Nemegosenda niobium project.
Dahlman Rose is a privately owned investment bank focused on growth industries that are the direct beneficiaries of global trade, infrastructure development, and urbanization. Further information on Dahlman Rose can be found at their website, http://www.dahlmanrose.com/Content/Corporate_Info.asp.
Recent activity at Sarissa has focused more on the corporate and strategic front than on exploration. Our Advisory Board was established earlier this spring to focus on corporate development and, with the addition of Dahlman Rose, provides the Company with significant resources to develop the plans to move forward on these fronts.
On the property side, the exploration management consulting group, Billiken Management Services Inc., has been retained to prepare updated Technical Reports on the Nemegosenda project. The 1st updated report is expected to be completed in August.
ICEWEB INCORPORATED (OTCBB: IWEB)
"Up 11.76% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IWEB.php
IceWEB, Inc., together with its subsidiaries, provides hosted software applications and network infrastructure solutions to small and medium-sized businesses, non-profit organizations, and government organizations in the United States. It offers hosted Web-based collaboration solutions that enable organizations to establish Internet, Intranet, and email/collaboration services. The company's online products and services include IceMAIL that provides a network hosted groupware, email, calendaring, and collaboration solution; IcePORTAL which enables to share and manage announcements, tasks, events/calendars, document libraries, pictures, and discussion threads through a single Web-based portal; and IceVISTA that provides Web hosting services. It also offers LearningStream.com, an online business education portal that offers subscription-based online classes to consumers and corporate customers. In addition, the company provides network infrastructure security solutions, such as access control, email security, intrusion detection, firewall, authentication, PKI, encryption, and traffic filtering products and services to protect the network infrastructure. Further, it offers consulting services, including network infrastructure, enterprise email/collaboration, and Internet/Intranet portal implementation and support services. IceWEB sells its products and services through direct sales force and online marketing. The company was founded in 2000 and is headquartered in Herndon, Virginia.
IWEB News:
August 17 - U.S. Department of Health and Human Services (DHHS) Selects IceWEB 5000 for High Performance Computing Storage Infrastructure Platform
IceWEB™, Inc. (OTCBB: IWEB), a leading provider of Unified Data Storage and building blocks for cloud storage networks, announced today that it has been selected as the high performance computing (HPC) storage infrastructure platform by premier channel partner, James River Technical, Inc. (JRTI), for an HPC implementation at DHHS.
IceWEB's high performance storage solution offers unique capabilities for maximizing performance and integration into supercomputing environments. The IceWEB 5000's ability to support both structured and unstructured data and multiple protocols make it the ideal platform for data intensive environments looking for a simple, scalable and affordable solution. The initial installation will be implemented and installed by JRTI staff for use in the Center for Disease Control.
"It is all about building a digital footprint right now as every win becomes a multiplier for the future. This is a landmark win as it opens the door to the enormous healthcare vertical," stated Karl Chen, VP Worldwide Channel Sales and Marketing of IceWEB. "Lifecycle management is quickly moving into a virtualized cloud infrastructure. Healthcare records and images will at some point all be stored in the cloud. The IceWEB 5000 is the perfect fit for partners looking to adopt a strategy for going after the Health Care vertical."
ABOUT JAMES RIVER TECHNICAL INC.
James River Technical (JRT) is a leading provider and integrator of innovative and cost-effective High Performance Computing solutions. JRT, founded in 1988, is located in Richmond, Va. We maintain a nationwide coverage model throughout the US, allowing us to provide a consistent and efficient delivery model for our products and services throughout the country.
|
