OTCPicks.com: OTCPicks.com Daily Market Movers Digest Midday Report for Friday, September 12th IBOT, AGMS, GLCC, TIXC, PMII
Sep 12, 2008 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch today include Industrial Biotechnology Corp. (OTC: IBOT), Angstrom Microsystems Corp. (OTCBB: AGMS), Good Life China Corp. (OTC: GLCC), Tix Corp. (Nasdaq: TIXC) and Power Medical Interventions Inc. (Nasdaq: PMII).
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INDUSTRIAL BIOTECHNOLOGY CORPORATION (OTC: IBOT) "Up 19.57% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/IBOT.php
Company Profile: http://www.otcpicks.com/industrial-biotech/industrial-biotech-2.htm
Industrial Biotechnology Corporation, (IBC) provides products, services and technologies using renewable resources as an alternative to petroleum and traditional manufacturing methods. IBC production processes are eco-efficient and apply and adhere to sustainable practices and standards. IBC accomplishes this with the ALCHEMx Production Platforms, which integrates technologies, sustainable manufacturing, and distribution with supply chain partners to meet customer needs and pricing requirements. IBC utilizes sugarcane based ethanol which is considered the leading cost efficient, energy balanced and environmentally sustainable feedstock source, when compared to petroleum and other alternative fuels.
IBOT News:
September 10 - Industrial Biotechnology Corporation Appoints VP of Corporate Finance
Industrial Biotechnology Corporation (OTC: IBOT) (IBC) announced the appointment of David R. Olund as VP of Corporate Finance. Mr. Olund has over 30 years in the financial services and investment banking industry working both as a licensed professional and independent advisor. Throughout his career, Mr. Olund has worked with or been affiliated with companies including SunLife Assurance Company of Canada, CNA, Western Reserve Life, New York Life, LifeUSA, The Travelers, Shearson/AMEX, Bear Stearns and IM&R.
"I am very pleased to join Industrial Biotechnology Corporation and to be part of the capital markets planning process in developing and securing financing alternatives for IBC's chemical projects and corporate M &A opportunities. Renewable sourced chemicals and alternative fuels derived from sugarcane ethanol, the logical alternative to petroleum, make economic and environmental sense. The company is well positioned presently with leading strategic supply chain partners, and a positive overall political climate and market timing," said David R. Olund, IBC VP of Corporate Finance.
ANGSTROM MICROSYSTEMS CORPORATION (OTCBB: AGMS)
Detailed Quote: www.otcpicks.com/quotes/AGMS.php
Company Profile: http://www.otcpicks.com/angstrom-microsystems/...rom-microsystems.htm
Angstrom Microsystems is one of the top Green computing companies, providing technology solutions ranging from liquid-cooled blades to acceleration software in order to help reduce the power requirements of datacenters. Its customers include Rhythm & Hues, Fox Films, Tippett Studios and the National Institutes of Health. Angstrom has earned a reputation for quality, service, and engineering innovation in the AMD Opteron processor-based system market. See Angstrom Microsystems in the end credits of Blue Sky Studios' "Ice Age: The Meltdown."
AGMS News:
September 10 - Angstrom Microsystems' Blade Racks Address Global Power Crisis
Sources Say Data Center Energy Costs Could Rise Over 45% Every Year Through 2012
Leading the charge in "green computing" solutions across North America and beyond, Angstrom Microsystems Corp. (OTCBB: AGMS) announced the commercialization of its AMS LiquiCool technology, an innovative computing cooling solution that can save large data centers millions of dollars a year in cooling costs.
"A couple of years ago, there was a study done that showed in 2001, average power requirement per rack in a data center was 1 to 3 kilowatts," said Lalit Jain, CEO of Angstrom. "At the time of the report, that number had already risen to 5 to 7 kilowatts, with high-density blade servers swallowing 24 to 30 kilowatts per rack.
"It is obvious then that data centers have exponentially grown in size and power consumption - almost exclusively for cooling - as the demand for computing has increased worldwide. So much so, that even if electricity prices remain static, which we have seen they have not, the cost to these data centers would rise over 45% every year, reaching $250 billion in 2012.
"Most people are unaware that we are truly reaching a global crisis. Angstrom sees energy saving as not only a 'green' solution, but an absolute necessity. Even the Wall Street Journal reported yesterday that our large competitors have entered the market in a flurry. But we, and more importantly our clients, feel that our solutions offer significant advantages over other vendors.
"Unlike competitors like HP and IBM that use water to cool their servers, Angstrom uses a non-conductive and non-toxic liquid, AMS Treon(TM). Incidental contact with even a small amount of water can shut down an entire data center, the lifeblood of many large corporations today. In addition, the common use of air conditioning is also not only a huge cash drain, but inefficient."
Mr. Jain continued, "In order to accommodate increased cooling demand, most data centers have added more A/C or have tried to make air flow more efficient. Computer manufacturers have resorted to installing high speed fans to push hot air away from racks or integrating air-conditioning systems directly into the rack. Our highly efficient liquid cooled solution provides the advantage of direct 2-phase cooling and easy transport of heat away from the rack to locations outside of the data center. AMD LiquiCool replaces traditional air-conditioning with liquid cooling that is several orders of magnitude more effective."
Integrated into each blade, AMD LiquiCool, along with other Angstrom solutions, solves a variety of mounting problems plaguing data centers:
* Air conditioning usage: reduces the need on average by 75%, and in some cases even eliminates A/C needed to cool clusters of computers.
* Power consumption: reduces power needed to run a cluster of computers by at least 20%.
* Noise generation: reduces, and in some cases, eliminates the noise of running computers in a rack.
GOOD LIFE CHINA CORPORATION (OTC: GLCC) "Up 17.65% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/GLCC.php
Good Life China Corporation operates a chain of franchised convenience stores in Hebei Province, the People's Republic of China. The company employs retail concepts, such as e-commerce enabled POS/back office systems. It operates approximately 1,730 stores. The company also has an agreement with Petro China Beijing to provide distribution services and information management system services for the convenience stores in the gas stations belonging to Petro China Beijing Marketing Company. In addition, the company offers online sub prime financial services, such as money lending, forex trading, and advanced electronic funds management. Good Life China Corporation was incorporated in 1998 and is based in Toronto, Canada.
GLCC News:
September 11 - Good Life China Continues to Expand
Good Life China Corporation (OTC: GLCC) announced that it continues to open stores at a record pace. In the last 2 weeks, a total of 23 new stores were opened in Hubei and adjacent provinces.
The recent acquisition of Shijiazhuang-based "The People Home" (TPH) chain with 625 stores has not slowed the pace of organic growth from within.
Good Life China CEO, Dongmei Jia, advised, "Our eyes are focused on 4,000 stores by year-end. If we come up a little short, it will not be for lack of effort. It should not be forgotten by our shareholders that we continue to expand our supplier base, with 11 new suppliers in the last 2 weeks. We derive significant income on the supply side for warehousing, distribution and advanced logistical support."
In other Company news, the corporate website has been updated with an audio interview recently conducted with Traders Nation that provides additional insights into GLCC's plans moving forward.
TIX CORPORATION (NASDAQ: TIXC) "Up 15.88% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TIXC.php
Tix Corporation is an integrated entertainment company providing ticketing services, event merchandising and concert and theatrical productions. It currently operates five prime locations in Las Vegas under the Tix4Tonight marquee - offering up to a 50 percent discount for same-day shows, concerts, attractions and sporting events. It also offers discount products for golf and dining at its sales locations in Las Vegas. The Company also offers premium tickets to concerts, theater and sporting events throughout the United States under its Tix4AnyEvent.com brand. Its Exhibit Merchandising operation is engaged in branding, product merchandise development and sales activities related to museum exhibitions and other events - including the King Tutankhamen and Real Pirates tours, selling themed souvenir memorabilia and collector's items in specialty stores in conjunction with the specific events and venues. The Company's newest division, Tix Productions, is dedicated to concert and live theatrical promotion and production of events throughout the United States, Canada and Europe and operates under the banners of its recent acquisitions, Magic Arts and Entertainment and NewSpace Entertainment.
TIXC News:
September 12 - TIX Corporation Responds to the Share Price Weakness
Believes That Recent Price Movement Is Not a Result of Business Fundamentals
Tix Corporation (Nasdaq: TIXC), a leading integrated entertainment company providing ticketing services, event merchandising and concert and theatrical productions, provided a statement regarding recent share price decline.
"We do not believe that the recent weakness in our stock price is based on any aspects of our business fundamentals," stated Mitch Francis, Chief Executive Officer. "To the contrary, we continue to expect to achieve our previously announced 2008 and 2009 guidance."
Mr. Francis continued, "We remain focused on the four key pillars of our growth strategy; acquiring complementary businesses; extending out network of ticketing and online services; acquiring and developing intellectual property; and expanding our network of producers, promoters, and venue operators. In addition to actively growing our business, we are utilizing our strong balance sheet by repurchasing shares through the recently announced share repurchase program of up to 1 million shares."
POWER MEDICAL INTERVENTIONS INCORPORATED (NASDAQ: PMII) "Up 19.95% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/PMII.php
Power Medical Interventions Inc. is the world's only provider of computer-assisted, power-actuated surgical stapling products. PMI's Intelligent Surgical Instruments enable less invasive surgical techniques to benefit surgeons, patients, hospitals and healthcare networks. PMI manufactures durable recyclable technology to reduce medical waste and help keep the planet clean. The company was founded in 1999, and is headquartered in Langhorne, PA with additional offices in Germany, France, and Japan.
PMII News:
September 12 - Power Medical Interventions, Inc. Signs License and Development and Supply Agreements With Intuitive Surgical, Inc.
Medical Interventions Inc. (Nasdaq: PMII), a leader in developing and commercializing Intelligent Surgical Instruments, announced that the Company has entered into two definitive agreements with Intuitive Surgical, Inc. The first is a License and Development agreement for the two companies to jointly develop a surgical stapling device which will attach to Intuitive's da Vinci Surgical Systems and will utilize Power Medical's patented technology. Once developed, this attachment will enable Intuitive Surgical's da Vinci Surgical Systems to cut and staple tissue in a broad array of surgical applications. Power Medical will receive an upfront license payment and additional payments based upon the achievement of agreed upon milestones.
The second agreement is an exclusive Reload Supply agreement whereby Power Medical will be the manufacturer and exclusive supplier of staple reload cartridges for the newly developed device. Details of the supply agreement were not disclosed.
Michael Whitman, President and Chief Executive Officer, commented, "This partnership, which includes our first licensing transaction, validates the importance of our technology in advancing minimally invasive and natural orifice surgery. Upon commercialization by Intuitive of its new instrument incorporating our technology, we expect to gain a new product distribution channel with a new source of recurring revenue. We look forward to a long and prosperous relationship with Intuitive."
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