For Friday, February 27th
VLYF, NVSR, ACLS, CMLT, CIRT, MODC
Our Stocks to Watch tomorrow include Valley Forge Composite Technologies Inc. (OTCBB: VLYF), NavStar Technologies Inc. (OTC: NVSR), Axcelis Technologies Inc. (Nasdaq: ACLS), Camelot Entertainment Group Inc. (OTCBB: CMLT), Cardio Infrared Technologies Inc. (OTC: CIRT) and Modern Technology Corp. (OTC: MODC).
VALLEY FORGE COMPOSITE TECHNOLOGIES (OTCBB: VLYF)
"Up 275.00% on Thursday"
Valley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems. Its THOR LVX system detects nuclear material, explosives and contraband hidden in cargo containers and baggage, even through shielding. It can also detect illicit substances. Thor is being completed under an agreement with the U. S. Dept. of Energy's National Nuclear Security Agency, Lawrence Livermore National Laboratory and the Lebedev Institute in Russia. VLYF is also marketing the Odin personal screening system for use in airports, high-security buildings and border entry points.
February 26 -
Valley Forge Composite Technologies Signs Master Agreement with Middle Eastern Country Authorizing Purchases of Thor and Odin Screening Systems
Valley Forge Composite Technologies, Inc., (OTCBB: VLYF), manufacturer and marketer of breakthrough cargo/baggage and people screening technologies and aerospace products, reported that a Major Middle Eastern Country has signed a master agreement with the company, permitting its government agencies to purchase the company's Odin and Thor-LVX screening systems.
Under the terms of the master agreement, each relevant agency is permitted to initiate individual purchase agreements.
Valley Forge CEO Lou Brothers said, "We are pleased that the Odin and Thor-LVX detection systems have been awarded this important recognition from this important Middle East Country. We are looking forward to a meaningful long-term relationship."
The THOR LVX Explosive Detection System screens cargo containers and checked baggage, using gamma rays rather than x-rays that are currently being used. Instead of creating an image of what is inside, THOR LVX's gamma rays initiate a small scale photo-nuclear reaction which identifies the chemical composition of any explosive or narcotic plus the quantity and location. It is a perfect solution for ports, airports, military bases, international border crossings, government buildings and high-risk facilities
The ODIN Personnel Screening System is a very low dose digital imaging system that detects metal and non-metal objects hidden on or inside the human body. It has high contrast sensitivity, which detects non-metallic items, such as sheet explosives or narcotics hidden in clothing, swallowed or in body cavities. It is safe for pregnant women, maintains privacy and scans individuals in about 5 seconds per person, or up to 720 persons per hour, without requiring the removal of shoes and jackets.
NAVSTAR TECHNOLOGIES INCORPORATED (OTC: NVSR)
"Up 228.57% on Thursday"
NavStar is focused on the creation of GPS products and services that provide wireless tracking of vehicles, equipment, and other valuable and personal assets. The goal is to be a total solutions provider.
February 26 -
NavStar Announces an Exclusive Multi Year Sales and Distribution Agreement
NavStar Makes Significant Entry Into the Mexico Market, Signs an Exclusive Agreement to Sell and Distribute Their GPS Vehicle Tracking System
NavStar Technologies, Inc. (OTC: NVSR), a GPS navigation company focused on vehicle, asset, and personal tracking, announced today it has successfully entered into an Exclusive Sales and Distribution agreement with Global Fire & Tech Inc.(GF&T) covering Mexico, Central America, South America and the Caribbean. GT&T will leverage their existing experience in Mexico to distribute and sell the NavStar vehicle tracking system.
The sales and distribution agreement includes providing equipment, software and related services. The NavStar Fleet Management System will allow owners of commercial and private vehicles to track their assets, provide increased safety and security, and disable stolen vehicles. The three year agreement for hardware and services is expected to generate $30M in revenue from 2009 to 2011.
"We are pleased to announce this agreement with GF&T as they provide immediate access to one of the largest conglomerates and most powerful distribution channels in Mexico, Central and South America and the Caribbean," said N. Douglas Pritt, Chairman & CEO, NavStar Technologies, Inc. "Our experience in Mexico, Brazil and Venezuela together with our track record of delivering quality products and services against very demanding schedules was a big factor in finalizing this agreement."
"With the NavStar Fleet Management System, we get proven products and services. This is a huge opportunity for both companies given the recent law passed in Mexico that requires GPS tracking capability to be installed on all new commercial vehicles," said Chung Lee, CEO & President, GF&T. "NavStar is a trusted partner, and their experience in South America is a definite plus."
AXCELIS TECHNOLOGIES INCORPORATED (NASDAQ: ACLS)
"Up 106.59% on Thursday"
Axcelis Technologies, Inc., headquartered in Beverly, Massachusetts, provides innovative, high-productivity solutions for the semiconductor industry. Axcelis is dedicated to developing enabling process applications through the design, manufacture and complete life cycle support of ion implantation and cleaning systems.
February 26 -
Axcelis Technologies in Agreement to Sell Its Interest in Joint Venture SEN Corporation to Sumitomo Heavy Industries
Axcelis to Use Proceeds to Meet Its Obligations Under Its 4.25% Convertible Senior Secured Subordinated Notes and Fund Operations
Axcelis Technologies, Inc. (Nasdaq: ACLS) announced that it has entered into a Share Purchase Agreement in which Sumitomo Heavy Industries, Ltd. (“SHI”) will purchase Axcelis' 50% interest in their joint venture, SEN Corporation, an SHI and Axcelis Company, (“SEN”), for Y13 billion, or approximately $133 million, in cash at current conversion rates. Axcelis and SHI each currently own 50% of SEN, a Japanese company that is licensed by Axcelis to manufacture and sell certain implant products in Japan.
It is anticipated that the transaction between Axcelis and SHI will be completed on March 31, 2009. Axcelis will use a portion of the proceeds from the sale of its SEN interests to meet its obligations under its 4.25% Convertible Senior Secured Subordinated Notes, which were due in January. Pending the closing, the trustee for the notes has agreed to stand down on litigation filed in connection with Axcelis' default on the notes.
Mary Puma, Chairman and CEO of Axcelis, said: "This transaction serves the best interests of Axcelis shareholders as it enables us to fulfill our senior debt obligations and gives us greater financial flexibility during this difficult economic climate and semiconductor industry downturn. Axcelis will continue to fully focus its efforts on tight cash and cost controls and on developing and selling innovative products like our Optima implanters and Integra dry strip tools, both of which have received strong customer reviews. With these products, Axcelis believes that we can compete and gain market share once demand for semiconductor equipment returns."
As part of the transaction, at the closing Axcelis and SEN will enter into cross licenses that will allow the two companies to continue to use certain patents and technical information owned by the other to make and sell ion implant systems on a worldwide, royalty-free, perpetual basis. Axcelis' license to SEN would not include patents, licenses, or technical information developed by Axcelis for the Optima HD, Optima XE, or any non-implant products. The transaction will terminate all existing agreements among Axcelis, SHI and SEN relating to the SEN joint venture.
CAMELOT ENTERTAINMENT INCORPORATED (OTC: CMLT)
"Up 100.00% on Thursday"
Camelot Entertainment Group, Inc. is a US publicly traded company (symbol "CMLT") with three major divisions: Camelot Film Group, Camelot Studio Group and Camelot Production Services Group. Camelot is building a different kind of motion picture studio infrastructure by redefining the development, financing, production, and distribution process. Creating a world where filmmaking dreams come true, Camelot integrates early studio models, education, new technologies and fiscal responsibility to acquire, develop, finance, produce, market and distribute high quality commercial motion pictures, television and digital media.
February 25 - Camelot to Hold Annual Stockholders Meeting March 24
S1 Registration Statement Planned; Authorized to Increase, No Reverse Expected
Camelot Entertainment Group, Inc. (OTCBB: CMLT) (“Camelot”) announced that it will hold its annual stockholder meeting on March 24, 2009, in Irvine, California. Camelot expects to file an S1 Registration Statement in connection with its current acquisition and financing transactions during this quarter. The company has no plans to do a reverse, but will continue to increase the authorized as needed to complete acquisition, financing, production and distribution agreements. The company is taking steps to limit the amount of shares in the float as part of its ongoing funding activities.
Further information on the stockholder meeting and the registration statement will be made public as soon as additional details become available.
CARDIO INFRARED TECHNOLOGIES INCORPORATED (OTC: CIRT)
"Up 100.00% on Thursday"
Cardio Infrared Technologies, Inc. is a technology and marketing company, which is focused on developing the revolutionary and evolutionary process of combining exercise equipment with medical benefits that go far beyond the normal benefits of standard exercise equipment. Cardio Infrared Technologies, Inc. is committed to continue to market this equipment to the exercise and medical markets and to aggressively expand the market to every country around the world. The equipment has already been featured on "Good Morning America" and "The View." Cardio Infrared Technologies, Inc. also has an aggressive growth plan that includes acquisitions and development of innovate new equipment and programs in the exercise and medical industries.
January 6 -
Cardio Infrared Technologies Inks Huge New Sale to Quantum Energy Health Centre's of Canada
Cardio Infrared Technologies, Inc. (OTC: CIRT), a leading Health and Wellness technology and marketing company, announced the completion of nearly one year's efforts and successful sale of the Cardio-Cor ExerBike to Quantum Energy Health Centre's of Toronto, Canada.
Wayne Bailey, President and CEO of Cardio Infrared Technologies, Inc., stated, “The sale to Quantum Energy Health Clinics by our National Sales Director, Carol Anglin, is the first of many to be placed in the franchise operations of this Toronto, Canada-based Health and Wellness company. This first unit will be installed in the flagship location as a prototype for the balance of their franchise operations. The Cardio-Cor will be located within the epicenter of the finance, entertainment, and shopping districts of one of North America's most dynamic cities, Toronto, Canada; a city of more than 2.7 million people, qualifying it as the largest city in Canada.
Quantum Energy, owned and operated by Bob Dunn and John Sargent, is a 3 yr. old Health and Wellness company. Cardio-Cor's first meeting with the owners was last year at the Anti-Aging Show in Las Vegas, where it became apparent that a synergistic relationship between the two companies was emerging and would eventually become a viable partnership. Mr. Sargent has been in the holistic health industry for over 25 years, working with literally thousands of clients, and became involved with state-of-the-art technologies as a result of a mobile clinic he operated for 8 years in Canada. He worked with cutting edge 'live blood cell microscopy' technology which pinpoints the nutritional quality of the blood. Having known Mr. Dunn for more than 20 years, he sought him as a partner for his knowledge of new business startups and his expertise in the fields of finance, accounting, marketing, and strategic planning. Together they formed the Quantum Energy Health Clinics. They have trained over 1500 people across North America on specific technologies relating to their pattern of wellness. Many of those people came back to Quantum wanting a sustainable business model which Bob developed as a result of reviewing many different modalities to improve people's health. Their concept, known as Urban DeTox, encompassed the theory of Evaluate, Eliminate, and Rejuvenate. This is where the Cardio-Cor came in due to its ability to detoxify the body and lower inflammation. Both Bob and John knew that the biggest expense to the healthcare system was Chronic Illness which accounts for 70% of the systems expenditures and that 9 out of 10 people have nutritional and digestive issues. Due to the success their clients are currently achieving, the program enjoys a 90% compliance rate because they can see how their bodies are responding within a short space of time and are therefore willing to continue on the program with vigor.
Quantum is now in the process of franchising this exciting new concept in wellness as an investor-based business. These investors themselves and their families have been helped tremendously with the program and now want to see this concept taken worldwide. Their question to Bob was, “How quickly can you set up 1,000 clinics?” Bob has agreed to the implementation of approximately 250 clinics in the year 2009 and will be including the Cardio-Cor as part of the recommended equipment for each new Centre.
Quantum is currently looking at locations that have sustainable high visibility such as downtown and suburbia malls with good traffic flow. Their standard clinic will be somewhere between 2,000 and 2,500 sq. feet with regional centers being about 5,000 sq. ft. These regional centers will have a Naturopathic Doctor on staff. Bob states, “At the core of our philosophy is a desire to bring people's bodies back into a state of homeostasis and attract good people to manage our clinics as we give them continued sound training and support, and we wish to multiply our voice so that all will benefit and realize better health and a sense of well-being than was ever thought possible. We are pleased to add the Cardio-Cor to this new and exciting venture.”
This strategic alliance and distributorship agreement with Quantum Energy Health Clinics opens up the entire Canadian market for Cardio-Cor.
MODERN TECHNOLOGY CORPORATION (OTC: MODC)
"Up 25.00% on Thursday"
MODC acquires promising technology companies and related assets to promote their growth and development. The company provides interim management and related services to its portfolio and client companies. It builds revenues and asset value through a model of continuous growth and derives further income from appreciation of its portfolio and licensing or revenue sharing agreements.
February 26 -
Modern Technology Corp to Expand Operations Into Southeast Asia for Its Gen-H Hydrogen Generators
Modern Technology Corporation (OTC: MODC) announced that its planned operations for Southeast Asia. The new operations will be located in Hong Kong and product sales routed through local distributor partnerships. Manufacturing and order fulfillment is expected to be provided locally or in mainland China.
The Company's operations for Southeast Asia are to meet the current and anticipated demand from regional and national engine and motor vehicle producers.
Additional distribution partners for both consumer and commercial vehicle manufacturers are expected from the company's local presence.
To accommodate U.S. demand, the company is enhancing its sales operations and order processing resources.
The Gen-H system delivers increased fuel economy between 10% and 50% and can significantly reduce or eliminate exhaust emissions. The on-demand hydrogen insures reliable fuel creation without the hazard of hydrogen storage. The Gen-H system creates fuel from water and delivers pure hydrogen and oxygen directly to the vehicle's engine.
The company will issue updates on the following:
* Sales projections for 2009 will be announced.
* Financial results for 2008 will be announced and posted to the company's Web site.
* Distributor sign-up and web site support to handle the large volume of customer and distributor inquiries.
* New power generation and heat recovery applications for the Gen-H water-as-fuel and hydrogen-based fuel systems.
* Various international distributors for the Gen-H Hydrogen Injector System will be announced.
* Additional portfolio acquisitions are under review. Should these acquisitions occur, revenues will be increased another $5-$15 million.
* The company will announce a new cancer detection system design incorporating significant advances in both patient test throughputs and cell sample scan speeds.
* New marketing initiatives to pathologists based on revenue-sharing models for cancer detection scans.
* Details on new distribution, management services and new energy-related initiatives will be released.