CYBRA Corporation’s EdgeMagic Replaces IBM RFID Software Solution at Shop-Vac
YONKERS, NY — (Marketwire) — 10/23/08 — CYBRA Corporation (OTCBB: CYRP), the developer of award-winning MarkMagic (TM) Bar Code Labels, RFID Tags, and Electronic Forms Software for IBM Power Systems (formerly known as System i), today announced that Shop-Vac® Corporation, a Walmart top 600 vendor, has successfully deployed its EdgeMagic® RFID Control Software for IBM Power Systems at its Williamsport, Pennsylvania, manufacturing location and is currently in testing.
Shop-Vac Corporation, the recognized world leader in wet/dry vacuum cleaners, replaced an IBM WebSphere RFID Premises Server installation and selected EdgeMagic to track cases of vacuum cleaners and accessories destined for End Caps and other special point of sale programs of its trading partners such as Walmart.
According to Mike McConnell, Programmer Analyst at Shop-Vac, “When we first investigated RFID for EPC compliance there was no native IBM System i solution on the market. As a result we installed IBM WebSphere RFID Premises Server which does not run on the IBM midrange server. When I learned of CYBRA’s native solution I became convinced that EdgeMagic offered Shop-Vac a more fully functional System i implementation. We run Infor BPCS and Manhattan Associates Transportation Execution products on the IBM System i and EdgeMagic interfaces directly with these products. The EdgeMagic product supports Alien fixed readers, Symbol mobile readers, and Zebra RFID printers, the same hardware as WebSphere RFID Premises Server so by replacing the IBM product with the CYBRA product we gained a significant amount of flexibility particularly with regard to System i application software integration. EdgeMagic allows my team to add new functions with ease.”
According to Harold Brand, CEO of CYBRA, “EdgeMagic seamlessly integrates RFID technology with the core IBM Power Systems business applications that run the bread and butter of manufacturing and distribution worldwide. Moreover, it is the framework for turning process data into real time, actionable business information at the point of activity.”
Brand continues: “CYBRA recently conducted a survey of more than 500 System i shops to learn of their plans for RFID. When asked, ‘On which computing platform would you prefer RFID systems to be based?’ the response was 63% for System i and only 16% for Windows. Of customers who run their WMS (Warehouse Management Systems) on the System i, the numbers are dramatic: only 10% of System i WMS customers prefer to run their RFID systems on a Windows, Linux, or Unix platform, while 79% prefer the System i.”
Brand concludes: “System i customers overwhelmingly prefer the System i to PC for RFID for obvious reasons. The things that the System i excels at: generating EPC codes, printing RFID smart labels, generating manifests, defining business rules, and storing configurations are easier to manage on the System i because that’s where the order and product information is. Add the System i’s superior high availability, security, simplified systems management, and server consolidation, and long time System i customers see RFID as a business application that needs to be hosted on the same platform. Shop-Vac recognized this value and replaced the IBM WebSphere RFID Premises Server with EdgeMagic precisely because it runs on the IBM System i server.”
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ActionView International, Inc. CEO Discusses Rationale for Planned Merger Transaction With Stanza Systems, Ltd.
VANCOUVER, BC — (Marketwire) — 10/21/08 — ActionView International, Inc. (OTCBB: AVWI) today issued a statement from CEO Steven R. Peacock in which he discussed the rationale for the company targeting Stanza Systems, Ltd., whose wireless management services and technologies enable some of the largest and most successful companies in the world to better manage and operate their businesses, for a planned merger transaction.
Stanza Systems, Ltd. and ActionView International have entered into an initial agreement in the form of a letter of intent that provides the framework for a subsequent definitive agreement under which ActionView International would acquire all of the issued and outstanding shares of Stanza Systems, Ltd. in exchange for a majority percentage of ActionView International.
Mr. Peacock stated, “While we do not claim to be experts in the business of wireless management services and technologies, we have gathered enough information and conducted enough due diligence to convince us that Stanza Systems is not only in an industry that is poised to experience significant growth in the coming years, but that this company specifically is well positioned to build value for ActionView shareholders.
“First, we believe that Stanza possesses the right revenue model for a business entering the public markets at this time. Stanza is focused on recurring revenue from managed services from which they will collect and process information from hundreds of thousands of machines, owned and operated by thousands of companies, billing monthly fees for this service that will grow exponentially. They have also focused on key industries where their services are most needed, including those that are dealing with vital and expensive resources that must be better managed, such as the electrical utilities, water and waste water management, petroleum production, and delivery and telecommunications.
“In choosing a merger candidate in today’s challenging economy, we were also attracted to a company that has the resources and expertise to help businesses to better manage their energy and other resources as a strategy to cut costs and operate more efficiently. This is what Stanza brings to its clients, and we expect that more and more businesses of all sizes will be pursuing this type of assistance now and in the coming years.
“We know from our experience in the sustainability sector that companies, organizations and governments are now being compelled to adopt new monitoring and management systems. While the motivation for needing this service can vary from environmental concerns to better resources management, to cost savings, to asset protection, the fact is that monitoring and managing information is the way of the future. At the same time, few companies, no matter how large, want to invest internally to create and support these industrial management systems.
“Stanza’s business is part of the M2M device, software, network, and service market, which is expected to grow rapidly worldwide between now and 2010. Industry estimates suggest the 2010 world market may exceed $300 billion in annual revenue. These numbers indicate some very exciting future potential for our merger target, and we look forward to moving this transaction forward to a quick close.”
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ReoStar Energy Corp. Announces First Quarter Fiscal Year 2009 Financial Results
FORT WORTH, TX — (Marketwire) — ReoStar Energy Corp. (OTCBB: REOS) announced results of operations for the First Quarter Fiscal Year 2009, ended June 30, 2008.
Highlights of the Fiscal 2009 First Quarter:
- Oil and Gas revenues increased 338% to $2.7 million versus $813 thousand for the previous first quarter
- Oil Production increases 215% to 14,630 barrels versus 6,830 for the previous first quarter
- Natural gas production increases 164% to 109,755 mcf versus 66,815 for the previous first quarter
First Quarter Fiscal Year 2009 Financial Review and Production Summary
Oil and gas revenues for the first quarter fiscal year 2009 were $2,752,747, compared with $813,924 for the first quarter of the previous year, an increase of 338%. Total costs and expenses increased approximately 46% to $1.7 million, and operating income was $1.2 million compared to a loss of $325 thousand for the first quarter of the previous year. Total operating costs and expenses increased primarily due to the increased number of producing wells and higher retained working interest per well.
During the first quarter ended June 30, 2008, ReoStar sold approximately 14,630 barrels of oil compared with 6,830 barrels of oil for the quarter ended June 30, 2007, an increase of approximately 215%. The average price for oil sold during the quarter ended June 30, 2008 was $123.01 per barrel compared the average price for the quarter ended June 30, 2007 of $61.06 per barrel.
ReoStar sold approximately 109,755 mcf of gas for the quarter ended June 30, 2008 compared with 66,815 mcf of gas for the quarter ended June 30, 2007, an increase of approximately 164%. The average price for natural gas sold during the quarter ended June 30, 2008 was $8.68 per mcf (net of transportation, compression and CO2 charges) compared with $5.94 per mcf for the quarter ended June 30, 2007.
Mark Zouvas, CEO of ReoStar, stated, “We are very pleased with our operational and financial performance during the first quarter. Our Barnett Shale properties continue to deliver positive returns on our investment and remain the focal point for generating cash flow for expanding our operations.”
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SpongeTech Delivery Systems, Inc. Scores Banner Advertising with NY Islanders Displayed on the Ice for Entire Hockey Season…
NEW YORK, Oct. 17 /PRNewswire-FirstCall/ — SpongeTech Delivery Systems, Inc. (OTC Bulletin Board: SPNG) has entered into a promotional agreement with the NY Islanders to display SpongeTech banners at all home games this season. NY Islanders games can be seen on the following stations: FoxSportsNet New York (FSN NY) or MSG Network (local), and Versus or NBC (national). On certain occasions, games can also be found on FSN2.
SpongeTech signage will appear on two dashboards around the rink for all the NY Islanders home games. SpongeTech has also started a charity initiative by donating $100 to charity for each NY Islanders goal scored during the team’s 41 home games. The $100 will be split between two charities with $50 contributed to the NY Islanders Children’s Foundation, and $50 contributed to the Darryl Strawberry Foundation for Autism.
In addition, one 30-second SpongeTech promotional radio spot will be broadcast on WMJC 94.3FM for every NY Islanders home and traveling game. Finally, there will be a SpongeTech Promotion Day, featuring free promotional T-shirt giveaways, on a date yet to be determined.
SpongeTech COO Steven Moskowitz said, ‘In 2008, we have secured advertising with almost every major sports team in New York. We will continue to focus on getting our name and brand out to the biggest audience we can. We are excited to have the NY Islanders working with SpongeTech and grateful we can work together with the NY Islanders(R) organization in benefiting a number of terrific charities. These advertisements will be an effective way for SpongeTech( to better familiarize NY Islanders fans with our brand, encourage them to try our products, and experience our value.’
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One Voice Announces Voice Control for Intel-based Mobile Internet Devices
One Voice Technologies, Inc. (OTCBB: ONEV), developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets, announced it will be demonstrating One Voice’s MobileVoice™ for MID at today’s Intel Developer Forum (IDF) held August 19 – 21, 2008 in San Francisco at the Moscone Convention Center. One Voice’s MobileVoice for MID is a suite of applications offering voice activated music, photos, videos and full Internet browsing and voice search capabilities running on Intel® Centrino® Atom™ processor technology-based Mobile Internet Devices.
Running on Moblin-based operating systems, including Ubuntu Mobile and Red Flag Midinux, MobileVoice for MID has the option to be pre-bundled on new MIDs coming to the market this year. In addition, One Voice is offering a powerful Software Developers Kit (SDK) allowing third party Independent Software Vendors (ISVs) to add voice control to their MID applications creating a market for voice controlled mobile applications such as navigation, Instant Messaging, VoIP, PIM and much more.
“The Mobile Internet Device (MID) category represents tremendous growth opportunity for Intel, One Voice and the industry,” said Dean Weber, President and CEO at One Voice Technologies. “Using One Voice’s SDK, OEMs can easily incorporate state-of-the-art speaker independent voice recognition across all their applications. One Voice enhances the Internet experience in pocketable devices by enabling users to transcend numerous menus and screens to easily access the content they desire faster than ever using only their voice.”
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Warren Buffet On The Current Financial Crisis…
Here’s a recent interview with Warren Buffet, CEO of Berkshire Hathaway. He talks openly with Charlie Rose about the recent market turmoil and the collapse of Lehman Bros.
Berkshire Hathaway is notable in that it has never split its shares, which not only contributed to their high per-share price but also significantly reduced the liquidity of the stock. This refusal to split the stock reflects the management’s desire to attract long-term investors as opposed to short-term speculators.
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Paradigm Holdings Establishes Cyber Forensics Academy
ROCKVILLE, Md., Sept. 24 /PRNewswire-FirstCall/ – Paradigm Holdings, Inc. (OTC Bulletin Board: PDHO) (’Paradigm’), a provider of comprehensive information technology and business solutions for federal government enterprises, has established an internal cyber forensics training academy to address the growing needs of the U.S. government in defensively and proactively dealing with the problem of cyber crime.
Incidents of cyber crime include fraud, network penetration, theft of proprietary information and espionage. Paradigm has identified cyber forensics and information assurance services as a key growth sector for the Company and the establishment of the Cyber Forensics Academy is a direct reflection of its commitment to this market space. Paradigm is currently the lead contractor supporting the U.S. Department of State’s computer forensics lab.
Industry reports have indicated that security and law enforcement agencies have recognized that there is a cyber element to nearly every investigation initiative, and the demands for proper evidence collection and analysis continue to increase. Paradigm President and CEO Peter LaMontagne commented, ‘The establishment of an internal cyber forensics training academy allows us to scale our capability and reward our most talented professionals that seek a career trajectory in this technical discipline. We expect to see a meaningful ROI from this program in the form of expanded business and enhanced employee satisfaction and retention.’
The Paradigm Cyber Forensics Academy curriculum was developed by senior employees who are certified technical subject matter experts. The initial running of the course, which involves over 88 hours of instruction by internal experts, was completed earlier this year and a second session is scheduled to begin in October 2008.
The scope of Paradigm’s forensic capabilities and the newly established training program includes collecting, handling, analyzing and presenting evidence as well as providing warrant execution support and forensics and evidence training. Newer forensics disciplines such as code analysis, network analysis and forensic audio and video analysis, are also being addressed.
Mr. LaMontagne concluded, “Paradigm’s commitment to employee development and expanding our cyber forensics platform to support additional federal government agencies is among the highest in the Company. Looking to the future, our objective is to be involved with every major federal cyber forensics initiative, including pursuing opportunities involving information operation and the offensive side of cyber forensics.”
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NexHorizons Chooses Blankom USA for Digital Headend Transition
PLAINSBORO, N.J., Oct. 9 /PRNewswire/ — Blankom USA announced today that NexHorizon Communications, Inc., a Delaware corporation, has chosen the Blankom turnkey digital cable television solution for its system in Chula Vista, CA. In addition, as part of the agreement between the two companies, NexHorizon will use Blankom USA as its exclusive digital headend provider for systems it will acquire in the future.
NexHorizon recently announced that it had entered into a Letter of Intent to acquire Phoenix Communications, Inc. of Michigan. That deal is expected to close in the first quarter of 2009. Blankom USA is the U.S. arm of Blankom Antennentechnik GmbH, Germany, one of the world’s leading providers of turnkey headend solutions with more than 10,000 installed systems worldwide.
The Blankom headend system is a highly cost- and space-efficient, non-proprietary, open system that features an easy-to-use, remote controllable management interface. It supports both RF and IP video distribution and interfaces to any conditional access system with separable security cards and multiple set-top choices.
For the Chula Vista system, the headend will convert the system from 60 analog channels to 125 digital channels, with such customer features as PVR and HD. NexHorizon’s subscriber management system will integrate with the billing system and allow provisioning of voice, video and data from one screen, resulting in operational savings from reduced truck-rolls and the ability to remotely activate or deactivate subscribers’ service.
“Blankom is delivering world-class technology at a very affordable price,” said Calvin D. Smiley, Sr., CEO of NexHorizon. “Besides providing our customers a much stronger and attractive product offering, the Blankom solution will enable us to make a relatively easy transition to IPTV. With its strong, established cable foundation throughout Europe, South America and Asia, Blankom’s technology solutions for the smaller operator here in the U.S. are outstanding. We considered a number of options, but only Blankom could deliver the technology we wanted in the required schedule within our budget, with no ongoing additional costs.”
“We look forward to working with NexHorizon Communications as their exclusive headend provider,” said Gerhard A. Franz, president of Blankom USA. “We appreciate their confidence and value the opportunity to help them provide low-cost, state-of-the-art communication services to their communities.”
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Integrated Healthcare Holdings Receives New Equity Investment
SANTA ANA, Calif., July 20 /PRNewswire-FirstCall/ — On July 18, 2008, Integrated Healthcare Holdings, Inc. (IHCH, a hospital management company that owns four hospital facilities in Orange County, California, entered into a Securities Purchase Agreement with Kali P. Chaudhuri, M.D. to provide additional equity investment in the company.
Under the Securities Purchase Agreement, Dr. Chaudhuri agreed to invest up to $10,700,000 in additional equity in IHHI. Dr. Chaudhuri has invested $3,731,732 through the exercise of outstanding warrants to purchase 24,878,213 shares of common stock at an exercise price of $0.15 per share. In addition, Dr. Chaudhuri paid an additional $50,000 for the right to invest up to an additional $6,968,268 in IHHI through the purchase of 63,347,891 additional shares of common stock at $0.11 per share. The purchase right can be exercised by Dr. Chaudhuri from August 1, 2008 through January 10, 2009, and is subject to IHHI satisfying certain conditions on or prior to closing.
IHHI also agreed to register for resale securities owned by Dr. Chaudhuri and William E. Thomas following demand pursuant to the Securities Purchase Agreement. The Purchase Agreement provides Dr. Chaudhuri and Mr. Thomas with certain pre-emptive rights to maintain their respective levels of ownership of IHHI’s common stock by acquiring additional equity securities concurrent with future issuances by IHHI of equity securities or securities or rights convertible into or exercisable for equity securities. These pre-emptive and registration rights superseded and replaced their existing pre-emptive and registration rights.
Concurrently with the execution of the Securities Purchase Agreement, IHHI and its subsidiaries entered into an Early Loan Payoff Agreement with Medical Provider Financial Corporation III, which holds a $10,700,000 convertible term note issued by IHHI on October 9, 2007. Under the Early Loan Payoff Agreement, IHHI used the proceeds from the warrant exercise, and will use any additional proceeds that it receives from Dr. Chaudhuri, to pay down the $10,700,000 convertible term note.
Also under the Early Loan Payoff Agreement, Medical Provider Financial Corporation I granted IHHI the right to extend the maturity date under its $80 Million Credit Agreement by one year, and Medical Provider Financial Corporation II granted IHHI the right to extend the maturity date under its $50 Million Credit Agreement by one year, subject to certain conditions including the full early payoff of the $10,700,000 convertible term note. IHHI also provided general releases, waivers and covenants not to sue to its lenders following the payoff in full of the $80 Million Credit Agreement and/or $50 Million Credit Agreement.
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ComCam International Quoted on the OTC Bulletin Board
WEST CHESTER, Pa., Sept. 10 /PRNewswire-FirstCall/ — ComCam International, Inc. announced today that its common shares are now quoted on the OTC Bulletin Board under the stock symbol ‘CMCJ.’
According to Don Gilbreath, chief executive officer of ComCam International, “We are known in the industry as a forerunner in early digital wireless cameras systems. Our work has always been focused on smart network devices and system use. We believe that our quotation on the OTC Bulletin Board will equip us to access the financing we require to grow our business by offering new applications of our technology in the commercial, governmental and military sectors.”
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