Optical Systems (Pinksheets: OPSY) $0.049. Announced last week the launch of Save-a-Car GPS, a cost-effective, global positioning system for auto dealerships to monitor and track inventory.
"Save-a-Car is a low-cost, robust tracking system that represents a huge market opportunity for our company," said B.J. Grisaffi, CEO of Optical Systems, Inc. "There has been a lot of enthusiasm, excitement and positive feedback about Save-a-Car from dealerships. In today's market, dealers need scalable products that have a solid return on investment. Save-a-Car is a state-of-the art GPS system that helps dealers track inventory and maximize profit potential like never before. This small, covert system can be sold to the customer as a theft and tracking device that is much more robust than LoJack and available with no monthly fee. Our system works nationwide, where LoJack only works in certain areas," said Grisaffi.
In addition to offering superior tracking capabilities, Save-a-Car also allows drivers to save up to 35 percent on their insurance premium when installed.
"We already have more than 30 dealerships enrolled in our Save-a-Deal and Business Development Center programs," said Grisaffi. "Save-a-Car is a complimentary and standalone product that can easily be integrated into our existing programs. We are optimistic that we will be able to leverage our existing customer base and generate sales for this new, exciting product and bring substantial revenue to Optical."
Save-a-Car is currently available through the Company's operating subsidiary, Automotive Software Designers.
What They Do: Optical Systems, Inc., through its operating subsidiary, Automotive Software Designers, Inc., develops technology and services for the automotive retail industry designed to maximize productivity and increase profits at auto dealerships. ASDI's flagship technology solution, Save-a-Deal, is a turnkey customer relationship management (CRM) tool for auto dealerships. Our business development center (BDC) provides a variety of services designed to help auto dealerships drive traffic to their showroom or Web site, retain customers and generate new streams of revenue.
The Company intends to use the net proceeds from the offering to repay debt, including part of the outstanding balance under its credit facility, and the remainder for general corporate purposes.
Ford's (NYSE: F) $8.00. Announced last week that the all-new technology-packed 2010 Taurus will have a multifaceted advertising campaign that will be as high-tech as the highly anticipated sedan now arriving in dealer showrooms.
Ford kicks off the advertising campaign for Taurus on Aug. 4, with an aggressive Web presence and a new Microsoft "tag" system that will allow consumers to simply point their Smart Phones toward barcodes printed next to technology features in Taurus ads for more in-depth information.
With more than 20 high-tech technologies to communicate on the new Taurus, some even industry firsts and 10 of them class-exclusive, Taurus takes on communicating these technologies "smartly" and with a new approach to advertising.
What They Do: Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles across six continents. With about 205,000 employees and about 90 plants worldwide, the company's automotive brands include Ford, Lincoln, Mercury and Volvo.
Wonder Auto Technology (Nasdaq: WATG) $11.23. Today announced its financial results for the Second quarter ended June 30, 2009. Sales revenue increased by approximately $13.0 million, or 35.4%, to approximately $49.7 million for the three months ended June 30, 2009, compared with $36.7 million of the same period last year. This increase was mainly attributable to the increased sales volume of alternators and starters, and the inclusion of engine valves and tappets.
Gross profit increased by approximately $2.7 million, or 28.6%, to approximately $12.2 million for the three months ended June 30, 2009, compared with approximately $9.5 million for the same period in 2008 as a result of increased demand for and sales of our starters, rods and shafts and valve and tappet products.
What They Do: Wonder Auto Technology, Inc., through its Chinese subsidiaries, designs, develops, manufactures and sells automotive electrical parts, suspension products and engine accessories. Wonder Auto was ranked second in sales revenue in the China market for automotive alternators and starters in 2007. With respective 5 different series and over 150 models of alternators, 70 models of starters, various suspension and engine related parts, the Company supplies to a wide range of automakers, engine producers and auto parts suppliers both in domestic China and overseas.
Green Mountain Coffee Roasters (Nasdaq: GMCR) $70.44. Today announced that it plans to offer 4,000,000 shares of its common stock in an underwritten public offering. The Company also plans to grant the underwriters a 30-day option to purchase up to 600,000 additional shares of common stock to cover overallotments, if any. BofA Merrill Lynch is serving as sole book-running manager of the offering. Canaccord Adams is serving as co-lead manager. William Blair & Company, SunTrust Robinson Humphrey and Janney Montgomery Scott are serving as co-managers.
What They Do: Green Mountain Coffee Roasters, Inc. operates in specialty coffee industry in the United States and internationally. The company sells approximately 100 whole bean and ground coffee selections, hot cocoa, teas, and coffees.
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