Dallas tx 1/6/2010 2:04:36 AM
News / Business

USOG, VGPR, AGRT, BMGP, LUXED, OTIV, LGTT, ANSV, MRNJ, AMLM, ICOP OTCPicks.com Daily Market Movers Digest Midday Report for Tuesday, January 5th

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Our Stocks to Watch today include United States Oil & Gas Corp. (OTC: USOG), Vega Promotional Systems Inc. (OTC: VGPR), AGR Tools Inc. (OTCBB: AGRT), Biomagnetics Diagnostics Corp. (OTC: BMGP), Lux Energy Corp. (OTCBB: LUXED), On Track Innovations Ltd. (Nasdaq: OTIV), LIGATT Security International Inc. (OTC: LGTT), Anesiva Inc. (Nasdaq: ANSV), Metatron Inc. (OTC: MRNJ), American Lithium Minerals Inc. (OTCBB: AMLM) and ICOP Digital Inc. (Nasdaq: ICOP).

 

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UNITED STATES OIL & GAS CORPORATION (OTC: USOG)

"Up 20.89% up in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/USOG.php

 

Company Profile: http://www.otcpicks.com/us-oil-and-gas.htm 

 

United States Oil & Gas Corp. is focused on the domestic oil and gas services sector, acquiring oil and gas services companies with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. USOG also develops innovative technologies to increase oil and gas extraction with the smallest environmental footprint.

 

USOG News:

 

January 4 - United States Oil and Gas Corporation Releases Preliminary Results From December Sales at Subsidiary; 22% Increase

 

United States Oil & Gas Corporation (OTC: USOG), a growing oil and gas products, services and technology company, reports that sales during the month of December at the Company's wholly owned subsidiary, Turnbull Oil, were significantly higher than during the same period last year.

 

Despite missing five days due to the recent severe winter storms that have hit the Midwestern states including Kansas, where Turnbull operates, the Company has posted higher sales in two of its key product areas, diesel and propane. To date compared to last December, monthly sales of diesel and propane are up 22% and 6%, respectively.

 

Strong demand from the oil field industry, a key part of Turnbull's customer base, has been driven in large part by the price of crude oil at around $80 per barrel. Increased demand for the Company's fuel services and products has in turn driven sales volume higher and will likely contribute to revenues for the fourth quarter that will be above expectations. This follows what was already a strong third quarter from Kansas farmers' harvesting record corn and soybean crops. Complete details of the Company's earnings will be provided after the quarter ends.

 

Because Turnbull has strong and consistent margins on its fuels and a relatively large, established customer base, the business has been able to turn a profit and increase revenue even in a down economy. Furthermore, the opportunity to significantly expand Turnbull's operations in the region through several acquisition candidates is available, and the Company looks forward to continuing to grow strategically in 2010.

 

VEGA PROMOTIONAL SYSTEMS INCORPORATED (OTC: VGPR)

"Up 9.76% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/VGPR.php 

 

Company Profile: http://www.otcpicks.com/Newsletter/VGPR_eProfile_110909.html

 

Vega Biofuels, Inc. (VGPR) was formed to pursue the production and sale of biofuel products throughout the world. With the growing need for clean energy, and the uncertain costs of fossil fuels, power generating plants around the world are looking at more useful and economical methods to run their power systems.

 

VGPR News:

 

January 5 - Vega's Green Valley Project to Restart Power Production

 

Vega Promotional Systems, Inc. (OTC: VGPR) announced the Company's Green Valley Project will restart the production of power.

 

The Company recently hosted a meeting at the Western Indiana production facility that included Officers and Engineers from the Company and various equipment and service vendors. Subsequent to the meeting, the Company has ordered a gas flow analysis that will be conducted on the existing wells to determine if it is necessary to drill additional wells. The Company's plan is to stage the installation of the new generator sets and plans to restart the power production facility by installing the first generator and utilizing the methane from the existing well as stage one.

 

Stage two will include drilling at least one additional well and running a new supply line from the Green Valley Mine to a planned second generator to be installed at the production facility. The Company's plan is to have the first generator in place within the next few weeks.

 

"It was great to have everyone at the facility," stated Vega Chairman, Michael K. Molen. "We are looking forward to installing the new generators and restarting the Green Valley Project. It is a very exciting and complex power project. We have a few photographs from the facility and will have them posted on our web site within the next few days. We'll also have an announcement about the generator installation in the coming days."

 

Located in western Indiana, The Green Valley Project is a multifaceted green energy power production facility that converts inexpensive methane gas from the abandoned Green Valley Mine into electricity and thermal energy.

 

The methane has been tested and a demonstration project was in operation for approximately three years, proving the viability of utilizing coal bed methane from the Mine as a sole source fuel to generate electricity from natural gas reciprocating engine generator sets.

 

The Company will release additional details on The Green Valley Project as the project moves forward.

 

AGR TOOLS INCORPORATED (OTCBB: AGRT)

 

Detailed Quote: http://www.otcpicks.com/quotes/AGRT.php 

 

Company Profile: http://www.otcpicks.com/agr-tools.htm

 

As a global leader in the manufacturing of high quality diamond tools, AGR Tools has been serving the construction and natural stone industries worldwide since 1983. AGR Stone & Tools USA, Inc. is the only manufacturer of a complete line of diamond tools designed for maximum performance for each application. Our products include turbo blades, polishing pads, cup wheels, core bits, tile blades, masonry blades, concrete blades, CNC tooling, engineered stone products and other high-end diamond tools.

 

AGRT News:

 

January 4 - AGR Share Exchange Update

 

On October 29, 2009, AGR Tools, Inc. (OTCBB: AGRT) and AGR Stone & Tools USA, Inc. entered into a binding share exchange agreement. Since that time, both companies have been working diligently to complete the transaction.

 

AGR Tools, Inc. has completed its due diligence investigation of AGR Stone & Tools USA, Inc. and the two companies now share management after the executive officers of AGR Stone & Tools USA, Inc. were named as management of AGR Tools, Inc, the public company. Mr. Rock Rutherford took over the positions of President and CEO; Mr. Michael Killman took over the position of CFO; and Mr. John Kuykendall took over the positions of Treasurer and Secretary. Both companies hope that these administrative milestones will promote a quicker and more efficient closing of the share exchange agreement between the two companies.

 

AGR Stone & Tools USA, Inc. is currently in the process of retaining a registered public accounting firm to complete the audit on its financial statements - the last administrative hurdle before the transaction with the public company can be closed.

 

"The entire process has certainly taken longer than we anticipated and hoped," stated Rock Rutherford, CEO of AGR Tools, Inc. and AGR Stone & Tools USA, Inc. "However, I think everyone wants to see this transaction completed as soon as possible and we're confident that once we pick a suitable audit firm, things will progress at a much higher rate. In the meantime we are diligently working on the private and public companies from a business development perspective," he continued.

 

BIOMAGNETICS DIAGNOSTICS CORPORATION (OTC: BMGP)

 

Detailed Quote: http://www.otcpicks.com/quotes/BMGP.php

 

Company Profile: http://www.otcpicks.com/biomagnetics-diagnostics/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:

 

December 28 - Biomagnetics to Become Fully Reporting; CEO Comments on Corporate Growth Plans and Strength of Balance Sheet

 

Biomagnetics Diagnostics Corp. (OTC: BMGP), a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis, and malaria detection, announced it is instituting several actions to become a fully reporting organization, improve transparency to investors and migrate the trading of its common shares to the over-the-counter market. Additionally, corporate management is expressing confidence in achieving growth objectives for 2010.

 

“With the growth we expect during 2010 it will be important for us to provide full transparency to our investors and other stakeholders," commented Clayton Hardman, CEO of Biomagnetics Diagnostics. “Toward this aim, we have begun implementing plans to complete a full financial audit and to file these audit results with both Pink OTC Markets, Inc. and the Securities and Exchange Commission. We expect these actions to allow us to not only become a fully reporting organization, but also to make us eligible to trade our shares on the OTC market.

 

These actions include the completion of a full financial audit and the filing of financial disclosure information with Pink OTC Markets Inc. and the U.S. Securities and Exchange Commission. Additionally, the Company will be working with several broker-dealers on Rule 15c2-11 documentation for submission to FINRA in order to receive OTCBB quotation clearance.

 

“Our balance sheet remains very strong with a meaningful cash balance and minimal debt. We have been able to accomplish this with only very minimal fund-raising activities. This has allowed us to keep the number of total outstanding shares at only approximately 64 million. While we do not anticipate the need to raise growth capital, as our working capital balances are already robust, it is very comforting for us to have the strong backing of our shareholders, many of whom are eager to provide us additional growth capital should it be required. Simply put - our financial position is very strong, which will allow us to aggressively implement our growth strategies. With a total market capitalization of approximately $9 million, we believe our common shares are significantly undervalued.”

 

“Mr. Hardman continued, “While we realized significant accomplishments in the last four months of 2009, we expect the acceleration of developments in the first half of 2010. During the first quarter, we expect to enter into several certifications in China, India and Africa, which we believe will clearly demonstrate the superiority of our technology and testing cost profile relative to the inferior solutions currently available in today's market. In the first half we expect to expand upon our groundbreaking agreement with Los Alamos National Security, commercialize the integrated optical biosensor technology for the detection of cholera, malaria, tuberculosis and HIV/AIDS, in addition to accelerating development of the technology that will enable multiple detections from a single sample. We are clearly very excited about where Biomagnetics Diagnostics is headed during 2010.”

 

According to the World Health Organization, some 3.2 billion people, or about half the world's population is at risk of malaria transmission in 107 countries and territories worldwide. While there are between 350 million and 500 million new cases of malaria each year, there are very few reliable and field deployable diagnostic tools available. In the case of malaria, early detection substantially improves treatability and survivability. Field deployable Integrated Optical Biosensor Systems (IBOS), such those Biomagnetics Diagnostics is planning to soon introduce hold the promise to significantly speed the diagnostic testing process and to meaningfully lower costs and improve lives.

 

LUX ENERGY CORPORATION (OTCBB: LUXED)

 

Detailed Quote: http://www.otcpicks.com/quotes/LUXED.php 

 

Company Profile: http://www.otcpicks.com/lux-energy-corp/lux-energy-corp.htm

 

Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in North America. Further information and news releases are available at www.luxenergycorp.com.

 

LUXED News:

 

December 16 - Lux Energy Corp Enters Into Negotiations for Participation in Significant Natural Gas Prospect

 

Lux Energy Corp. (OTCBB: LUXED), an oil and gas production and exploration company, announced that it has entered into negotiations to participate in significant natural gas prospect in South Eastern Alberta. Lux is seeking an agreement for a 50% working interest in eight development NG leases in the sweet gas rich areas of Medicine Hat.

 

Southern Alberta gas plays have produced thousands of wells over the past several decades. This area is historically famous in oil and gas circles for low cost, high BTU content reservoirs in the Milk River and Medicine Hat geological formations. The arena of petroleum spans 10,000 square kilometers of Sandstone Geology starting at the Foothills and stretching into Saskatchewan.

 

The prospect will involve a drilling program of 20 to 30 wells per section drilled to depths of 800 meters. Reservoir life is estimated at between 13 to 30 years. The project has outstanding economies. Wells can be drilled, completed and tied into established gathering, processing and delivery infrastructure within 30 days. In addition, the joint venture operator advises that recent technical advances in this play have increased potential recoveries and increased production.

 

Shane Broesky, President of Lux Energy Corp, comments, "Medicine Hat is an exceptional opportunity which became available with our partners in other areas. Medicine Hat, Central Alberta, Northern B.C. and Oklahoma are all on the screen. We intend to take advantage of the recent upsurge in NG prices. Recent acquisitions by petroleum super majors indicate very strong future natural gas products."

 

Lux Energy Corp. is an oil and gas production and exploration company focusing on developing oil and gas resources in North America. Further information and news releases are available at www.luxenergycorp.com.

 

ON TRACK INNOVATIONS LIMITED (NASDAQ: OTIV)

"Up 97.13% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/OTIV.php

 

Established in 1990, OTI designs, develops and markets secure contactless microprocessor-based smart card technology to address the needs of a wide variety of markets. Applications developed by OTI include product solutions for petroleum payment systems, homeland security solutions, electronic passports and IDs, payments, mass transit ticketing, parking and loyalty programs. OTI has a global network of regional offices to market and support its products. The company was awarded the Frost & Sullivan 2005 and 2006 Company of the Year Award in the field of smart cards.

 

OTIV News:

 

January 5 - OTI Wins Over $30 Million in Contracts for National eID Program

 

Advance Payment Received; Project is Cash Flow Positive

 

On Track Innovations Ltd. (Nasdaq: OTIV) (OTI), a global leader in contactless microprocessor-based smart card solutions for homeland security & eID systems, payments, petroleum payments and other applications, announced today that it had signed contracts relating to a national eID program with total consideration that exceeds $30 million. Revenues from this Project in 2010 are expected to be over $20 million. An advance payment has been received to support the initial stages of the project which have already commenced.

 

The award of the project follows a successful completion by OTI of a pilot program and provides for the supply of new biometric-based electronic ID cards and other official documents (relating to birth, death, marriage, etc.), as well as the equipment required for the setup of the document issuing stations country-wide.

 

The contracts provide for the supply of OTI's end-to-end turnkey solution, based on its proprietary state-of-the-art, field-proven eID Magna™ platform. The solution includes supply of both stationary and mobile stations for data enrollment and issuing stations, and the creation of a central national registry database, as well as the provision of contactless, highly-secured smart ID cards and a Biometric Automatic Fingerprint Identification System (AFIS), to detect and prevent double registration attempts by the same ID applicant.

 

OTI's secured ID solution supports both online and offline communication, thereby allowing every citizen, living in cities and rural areas, to apply for an ID card regardless of the area's communication infrastructure. This user-friendly solution is designed to provide maximum accuracy and security.

 

Oded Bashan, Chairman and CEO of OTI, stated, "We are proud to be part of this remarkable technological development and modernization effort. We are confident that the success, quality commitment and reliability OTI demonstrated in the pilot program has contributed to the continuation of the project."

 

LIGATT SECURITY INTERNATIONAL (OTC: LGTT)

"Up 50.00% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/LGTT.php

 

LIGATT Security International is the nation's premier hi-tech security companies and is recognized as a leader in computer security, CCTV surveillance and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time.

 

LGTT News:

 

January 5 - New Web-Based Service Detects Who Installed Spyware

 

LSI Offers Boobytrap, a Service That Detects Who Installed Spyware On a Person's Computer

 

LIGATT Security International (OTC: LGTT) launches their latest service entitled, Boobytrap. Most anti-spyware programs detect spyware on a computer, but Boobytrap is the only web-based service in the world that will detect "who" installed spyware on an individual's computer.

 

"When cyber criminals install spyware on a victim's computer, they can see everything that he or she does, from instant messaging a friend to online banking activity," says Sheehan Toufiq, IT Spokesperson and Assistant Developer to the Boobytrap Project. "Boobytrap helps catch these criminals red handed."

 

When a hacker opens a Boobytrap set by the user and clicks a link in an attempt to steal information, the hacker's IP address, information and location is sent back to the victim. If the individual who installed the spyware has a webcam or microphone attached or built into their computer, Boobytrap will take pictures or an audio recording of the culprit. The pictures, audio recording, IP address, and other information of the individual who installed the spyware will then be emailed to the victim.

 

"This technology will indubitably be an extremely valuable asset to victims of spyware," says Toufiq.

 

LSI is a hi-tech security company that focuses on computer security and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time.

 

January 4 - LIGATT Security International Officially Approved by Apple Inc.

 

Apple Inc. Officially Approved LIGATT Security International to Develop iPhone Applications

 

LIGATT Security International (OTC: LGTT) has officially obtained the thumbs-up from Apple Inc. to develop iPhone Applications. LSI plans to combine all current products and services to produce a minimum of 5 new security applications in 2010.

 

"LIGATT will work diligently in the new year to produce the best security application iPhone users have yet to see," says Gregory Evans, President and CEO of LIGATT Security International.

 

The first application LSI will come out with is the Hacker for Hire App. iPhone users will be able to utilize the Hacker for Hire service, which allows consumers who are victims of cyber extortion, cyber bullying, and cyber stalking to obtain advice from Certified Ethical Hackers to resolve their issue. Individual consumers and businesses can also utilize the background check aspect of the service. Currently, Hacker for Hire generates approximately 50 sales leads a week from the LSI Website.

 

"We will be adding more staff to help with the demand expected from the Hacker for Hire application and the iPhone App store," says Evans.

 

LSI also plans to take flagship products such as Locate PC, a computer tracking device, and turn it into iPhone applications. This application will allow consumers to track their stolen laptops live directly from their iPhone. In addition, the new applications will also be available in many languages including Chinese and Japanese for international consumers.

 

Apple Inc. is an American multinational corporation that designs and manufactures consumer electronics and computer software products. The company's best-known hardware products include Macintosh computers, the iPod, and the iPhone.

 

LSI is the nation's premier hi-tech security companies and is recognized as a leader in computer security, CCTV surveillance and cyber-crime investigation. It is a publicly traded company whose mission is to be the nation's leading provider of hi-tech crime investigations, by protecting their clients against Black Hat Hacking one CPU at a time.

 

ANESIVA INCORPORATED (NASDAQ: ANSV)

"Up 42.41% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/ANSV.php

 

Anesiva, Inc. seeks to be a leader in the development and commercialization of novel pharmaceutical products for pain management. The company's lead product candidate is Adlea, a novel small molecule formulation of capsaicin that is currently in development for the management of acute pain following orthopedic surgeries. Adlea has been shown in clinical trials to provide extended pain relief after only a single administration in multiple indications for site-specific, acute and chronic, moderate-to-severe pain. Anesiva is based in South San Francisco, CA.

 

ANSV News:

 

December 31 - Anesiva Announces Merger With Arcion Therapeutics Will Not be Completed

 

Anesiva, Inc. (Nasdaq: ANSV) announced that it was unable to satisfy the closing conditions set forth in the Agreement and Plan of Merger, dated August 4, 2009, among Anesiva, Arca Acquisition Corporation, a wholly-owned subsidiary of Anesiva, Arcion Therapeutics, Inc. ("Arcion") and, with respect to Articles V and IX only of the agreement, each of the Arcion stockholders listed on Schedule I thereto (the "Merger Agreement"). The Company intends to immediately cease operations and to file a petition for relief under the Bankruptcy Code.

 

METATRON INCORPORATED (OTC: MRNJ)

"Up 35.71% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/MRNJ.php 

 

Metatron Inc. is a diversified internet holding company with a mission to harness the power of today's online and wireless consumer interactivity to make daily life easier, more productive and more entertaining for people all over the world. Our objective is to acquire high potential internet properties and to monetize those operations based on our extensive experience and knowledge of Web 2.0, the second generation of web development and design that facilitates nearly-universal communication, secure information sharing, interoperability, and collaboration on the web.

 

MRNJ News:

 

January 5 - Metatron to Bring Thousands of Classic Movie and TV Titles to Your Mobile Phone

 

New Agreement With DMA Creates Video Content Delivery System for Mobile Platforms

 

Metatron Inc. (OTC: MRNJ) announced that it has entered into an agreement with Digital Management Associates LLC of Carlisle, MA to bring its library of classic movies and television shows to the iPhone and Droid mobile platforms.

 

Digital Management Associates LLC is a 20-year-old company specializing in the distribution of classic "evergreen" movie and TV content, spanning all genres including Sci-fi, Horror, Westerns, Martial Arts, Drama/Comedy, and classic TV. Over the years, DMA has provided both proprietary as well as public domain content to companies as diverse as National Amusements, Warner Brothers, NBC-Universal and National Geographic, as well as to home video distributors such as Madacy Entertainment, Mill Creek, and many others.

 

"Our first iPhone Video Delivery app has been submitted and approved by Apple, and we have dozens of titles on sale now," said Joe Riehl, Metatron's CEO. "While we certainly are not yet a household name like Netflix or Blockbuster, we can now bring classic movie content to millions of mobile devices, and expect to be releasing thousands of titles in the coming months."

 

ABOUT I-MOBILIZE INC.

 

i-Mobilize's mission is to be a leading global provider and developer of mobile applications for the iPhone, Android, Palm, BlackBerry, T-Mobile's G1 and other mobile devices. Strategy Analytics claims the mobile content market will reach $67 billion in 2009, up 18% from 2008.

 

AMERICAN LITHIUM MINERALS INCORPORATED (OTCBB: AMLM)

"Up 64.71% in morning trading"

 

Detailed Quote: www.otcpicks.com/quotes/AMLM.php 

 

American Lithium Minerals Inc. is an early stage lithium exploration company engaged in evaluating, developing and acquiring lithium projects, with a focus on the USA.

 

AMLM News:

 

January 5 - American Lithium Minerals Acquires 5 New Exploration Brine Projects in Nevada

 

American Lithium Minerals, Inc. (OTCBB: AMLM) (the "Company") announced that it has entered into an agreement to acquire 5 grassroots exploration brine projects in Nevada from Gold Summit Corporation. Stated Hugh Aird, CEO and President of American Lithium Minerals, "We are extremely optimistic about the potential of these new properties, and in the fact that we continue to identify superior opportunities for potentially lithium rich properties." Mr. Aird continued, "With the United States governments growing interest in domestic production of lithium being such an important component of their green energy plan, it will become more and more advantageous for us to control significant resources of this particularly important element."

 

As a result of lithium-ion battery demand for hybrid-electric and electric cars, the increase in demand for lithium carbonate is expected to increase four-fold by 2017. High demand and low supply has already pushed lithium carbonate (Li2CO3) prices to US$6,600.00 per ton. There is currently only one producer of lithium carbonate in the United States; Chemetall's Clayton Valley Operation. The Great Basin of the United States represents excellent potential for the discovery of new lithium brine deposits and American Lithium Minerals is well positioned for detection with both its current and five newly acquired projects.

 

ABOUT LITHIUM

 

Lithium is used for batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars. GM, Ford, Toyota, Dodge, Chrysler-Fiat, Mitsubishi, Nissan, Tesla, Saturn and Mercedes-Benz have all announced plans to build Li-ion battery-powered cars. Demand for lithium-powered vehicles is expected to increase fivefold by 2012. The domestic automotive industry must secure a lithium source to supply the next generation of hybrid-electric and electric vehicles. Over 60% of cell phones and 90% of laptops use lithium batteries. The worldwide market for lithium batteries is estimated at over $4 billion per year.

 

ICOP DIGITAL INCORPORATED (NASDAQ: ICOP)

"Up 2.27% in morning trading"

 

Detailed Quote: http://www.otcpicks.com/quotes/ICOP.php

 

ICOP Digital's products capture the true story. ICOP provides in car video solutions and mobile video solutions for use in the law enforcement, fire, EMS, public transit, and pupil transportation markets. With customers in 49 states in the U.S., ICOP solutions provide the highest quality video evidence through the use of state of the art digital imaging technology. The evidence captured is a critical component used by customers for the: conviction of criminals, enforcement of laws, reduction of crime, exoneration of personnel, and saving of litigation/settlement expenses.

 

ICOP News:

 

January 5 - ICOP Application for Live Streaming Patent Allowed

 

ICOP Digital, Inc. (Nasdaq: ICOP), an industry-leading company engaged in advancing digital surveillance technology solutions, today announced that a patent application for video streaming was allowed by the United States Patent and Trademark Office.

 

The Company was notified by the U.S. Patent and Trademark office that the Patent Application 11/558,821 is officially allowed, and is entitled "SYSTEM AND METHOD FOR COLLABORATING EMERGENCY RESPONSE EFFORTS THROUGH MULTIMEDIA DATA DISSEMINATION."

 

Specifically, the allowed patent application is directed to an apparatus for sharing and communication of video and other surveillance related multimedia data by live streaming of video and other data from an emergency response unit to a variety of devices and other emergency response units. Multimedia data is wirelessly disseminated from a first response patrol car, or similar emergency response unit, to any number of playback devices on a digital network.

 

ICOP LIVE™, developed by ICOP Digital, Inc., has implemented this system and method. The leader of the development team, and the inventor of the technology covered by this patent application, was David H. Nicholl, Director of Research & Product Development for ICOP.

 

"Live streaming video is becoming integral to in-car video solutions in optimizing the outcome of a crisis," said David Owen, Chairman and CEO for ICOP. "In light of the importance of this technology to the field of multimedia data dissemination in general, and the area of surveillance in particular, we are confident that this will be a key component of many in-car solutions going forward and we are pleased to have several active trials of ICOP LIVE across America, and abroad."

 

The ICOP LIVE functionality is an indispensable tool for agencies to use for situational awareness, tactical oversight, and interagency interoperability. Agencies will be able to more effectively assess a situation remotely, and take appropriate action including deploying proper resources for the incident. Senior command will also be able to provide tactical oversight of events sooner, both remotely and while en route, with the addition of ICOP LIVE on scene video and audio. When a major event occurs, such as a traffic accident involving a chemical spill, the police agency can provide the ICOP LIVE video stream to all other agencies involved enabling a faster and safer resolution to the crisis.

 

Also, ICOP LIVE helps enforce one of ICOP's core foundations of improving officer safety. When video is streamed back to headquarters with ICOP LIVE, the officers involved in the event are safer because they do not have the distraction of providing detailed audio narratives back to headquarters and can concentrate all of their efforts in accomplishing their mission at hand.

 

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Disclosure: OTCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for USOG advertising and promotional services. OTCPicks.com has not been compensated for VGPR advertising and promotional services but OTCPicks principles have purchased six hundred thousand free trading shares in the open market and reserves the right to sell any or all shares at any time. OTCPicks.com has been compensated two thousand five hundred dollars by a third party (BlueWave Advisors) for AGRT advertising and promotional services. OTCPicks.com has been previously compensated seven thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has been compensated twelve thousand five hundred dollars by a third party for BMGP advertising and promotional services. OTCPicks.com has received three thousand dollars from a third party (Heritage First Capital) for LUXED advertising and promotional services. OTCPicks.com has been compensated three thousand dollars by a third party (Stock Awareness Group) for MRNJ advertising and promotional services. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. OTCPicks.com is a website partially owned by BlueWave Advisors, LLC, a financial public relations firm. BlueWave Advisors, LLC, its principal and/or its affiliates will hold positions in the company profiled and may buy or sell securities at any time without notice.