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Ariel Way, Inc. (OTCBB: AWYI) Up 62.50% on Tuesday
Detailed quote: http://beaconequityresearch.com/AWYI
December 11, 2007 - Ariel Way, Inc. Signs LOI to Acquire Syrei Holding UK, Ltd
Ariel Way, Inc. (OTC Bulletin Board: AWYI) announced today the Company has signed a letter of intent to acquire Syrei Holding UK, Ltd, a UK and Sweden based a telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (http://www.syrei.com/). The deal is forecast to add more than $7.5 million in annualized revenue and to be accretive to Ariel Way's 2008 earnings with over 10% EBITDA. The transaction, which is subject to the signing of definitive agreements and customary closing conditions, has a two-step closing process with a first expected closing in late December 2007. The terms of the transaction were not disclosed.
Arne Dunhem, Ariel Way president and CEO, said, "We are excited with the prospect of having Syrei and its highly skilled consultants to be part of our operation. Thomas Strangert's team of technical experts have over ten years successfully provided and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia. We expect this acquisition to be immediately accretive to Ariel Way's earnings. Further, upon the full integration of this transaction, we anticipate moving into the black at the operating income line on a consolidated basis."
Thomas Strangert, CEO of Syrei, said, "We are looking forward to working with Arne and his team to integrate Syrei with Ariel Way's strategy. We are excited about actively supporting the Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."
Splinternet Holdings, Inc. (OTCBB: SLNH) Up 36.00% on Tuesday
Detailed quote: http://beaconequityresearch.com/SLNH
December 11, 2007 - Splinternet Holdings Announces Entry into Anti-Terrorism Market
Splinternet Holdings, Inc. (OTCBB: SLNH) announced that it is entering the anti-terrorism market with a new radiation detection device and monitoring system which will provide early warning of the presence of radioactive materials of the type feared to be usable in dirty bombs.
Together with its development of a networked radiation detection device, Splinternet has entered into a cross-licensing and selling agreement with privately-held Vidiation, LLC, a development-stage company with a revolutionary technology to identify radioactive materials by analyzing streams of data from video surveillance systems. Vidiation launched its Vidiation-Radiation Analytics Detection System or V-RADS(TM) at the Fall 2007 ASIS conference, and plans to enter the market shortly. (http://www.vidiation.com/)
Vidiation is the developer of a software-based technology that detects the presence of radiation when it comes in range of a video surveillance camera. The gamma rays from threats such as "dirty bombs" strike an image sensor in the camera causing a detectable pattern of interference. As the data from the camera is examined by Vidiation's V-RADS software, this radiation pattern is detected and an ALERT is sent to the designated monitoring station. This is strictly a software solution, which doesn't require modification to the cameras.
The Splinternet device is more sensitive than the software/video camera solution, but it does not provide a video image of the monitored site, as the Vidiation system does. The two systems are wholly compatible and complementary.
Vidiation's software solution dovetails with Splinternet's existing VoIP infrastructure, and requires no additional commitment of capital or retrofitting of Splinternet's existing network. By leveraging its VoIP expertise, Splinternet has developed a small hardware-based radiation detection device to work in conjunction with Vidiation's software by functioning as a smart networked radiation detection node. Like Splinternet's VoIP solution, the combined Splinternet/Vidiation products will network using Ethernet technology and will be managed via a local LAN or the World Wide Web.
Splinternet's President, James Ackerly said, "Splinternet and Vidiation have each developed ways to monitor large areas for the existence of gamma ray-emitting substances, and the realization that our two techniques are helpful to each other, rather than competitive has led us to the new business arrangement we are announcing today. We are pleased to enter the 'War on Terrorism' in this way, as the availability of wide area detection systems will serve as a deterrent to those who would hope to sneak a dirty bomb into an economically or politically strategic location. We have been attracted to the anti-terrorism space for some time and believe that with Vidiation we have a compelling entry into the market. We believe there is significant demand worldwide for this service, which offers customers a new layer of protection from improper transport of high energy materials."
Ackerly continued, "We have tested the prototype combined system in real-world medical facilities and are pleased with the results. We will work with Vidiation toward achieving government validation, which we expect will be realized in early 2Q08, at which time we plan to begin aggressively selling the systems. In fact, the US Government has budgeted over $1 billion in 2007 for radiation detection systems, but it is reported that they are dissatisfied with the existing solutions. We believe our combined offering will have a significant impact in the radiation detection market. We are excited about this new product offering and plan to continue our strategy of targeting partnerships and acquisitions with innovative product offerings that can leverage our management and our network expertise."
Heartland, Inc. (OTCBB: HTLJ) Up 33.33% on Tuesday
Detailed quote: http://beaconequityresearch.com/HTLJ
December 11, 2007 - Mound Technologies, Inc. Selected by C. R. Meyer of Oshkosh, Wisconsin to Provide Fabricated Structural Steel
Mound Technologies, Inc. a wholly owned subsidiary of Heartland, Inc. (OTCBB:HTLJ) has been selected by C. R. Meyer of Oshkosh, Wisconsin to provide fabricated structural steel for a building addition onto the Appleton Paper factory in West Carrolton, Ohio. This project will require in excess of 1000 tons of fabricated steel plus metal deck. Erection of steel is to start in February of 2008 with completion by May. The value of this contract is in excess of $2.5 million US.
Heartland, Inc. is excited about the continued success of the Mound Technologies, Inc. subsidiary. With a backlog of work that now extends into 2008, prospects are good for additional growth in sales and profits.
Internet America, Inc. (OTCBB: GEEK) Up 30.65% on Tuesday
Detailed quote: http://beaconequityresearch.com/GEEK
December 11, 2007 - Internet America Announces Completion of $4 Million Private Placement of Common Stock and Election of New Director
Internet America, Inc. (OTC Bulletin Board: GEEK), a Houston-based provider of Internet access services, today announced the private sale of 4 million shares of its common stock at $1.00 per share for $4 million to a trust controlled by Mr. Steven G. Mihaylo. Additionally, Mr. Mihaylo was elected to fill a vacancy in the Company's Board of Directors.
Internet America has filed a Form 8-K with the Securities and Exchange Commission that attaches as an exhibit the form of Securities Purchase Agreement and Registration Rights Agreement under which the Company issued 4 million shares of Common Stock and agreed to limited registration rights for those shares. As a result of this transaction, Mr. Mihaylo is now positioned as the Company's largest shareholder with an approximate 23% ownership stake.
Mr. Mihaylo founded Inter-Tel (Delaware), Incorporated in 1969 and served as its CEO from 1969 to February 2006. During his stewardship, Inter-Tel grew from a one-man business to a global organization employing over 2,000 people and servicing over 500,000 business customers.
"I see a tremendous opportunity for Internet America to establish a leading position in the rural wireless Internet access market," said Mr. Mihaylo. "I intend on being an active participant in the Company's growth and aim on directing my forty plus years of business experience in the telecommunications and data industries to educating the institutional investment community on the Company's strategic objectives and market opportunity."
"We are very excited about completing this capital raise as it allows us to continue our active growth and acquisition strategy," said William (Billy) E. Ladin, Jr., Internet America's Chief Executive Officer. "We believe that we are better positioned to pursue our growth initiatives now that we have expanded our access to lower rate Department of Agriculture Rural Utilities Service debt, coupled with the proceeds generated from this private placement. Additionally, adding Steve to our board will enable us to benefit from his vast experience in supporting the growth of early stage telecommunications companies."
Edgeline Holdings, Inc. (OTCBB: ELHI) Up 16.67% on Tuesday
Detailed quote: http://beaconequityresearch.com/ELHI
December 11, 2007 - Edgeline Holdings Signs Joint Development Agreement with Houston Pharmaceuticals
Edgeline Holdings, Inc. (OTCBB:ELHI) announced today that it has signed a Joint Development Agreement with Houston Pharmaceuticals, Inc. to assist the company in obtaining a license for certain patents, several of which are from the University of Mississippi and the University of Louisiana. Houston Pharmaceuticals will continue collaborations with both universities and assist in securing grants on behalf of the company.
"Houston Pharmaceuticals, Inc. will be instrumental in assisting us through the stage of evaluating and licensing these patents and we believe this relationship will add depth to our company, both in name recognition and industry experience," stated Leonard Ivins, Chief Executive Officer of Edgeline Holdings. "We are very happy with our progress of quickly assembling a pipeline of potential cancer therapies and a world class team to assist us in developing these technologies."
