Austin, TX 12/13/2007 11:37:16 PM
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GoFish Corporation (OTCBB: GOFH) - Up 11.11% on Wednesday
December 12 - GoFish Revises Upwards Fourth Quarter 2007 Revenue Projections
GoFish Corporation (OTCBB:GOFH), a leading Internet video and youth entertainment network, today announced that it has revised upward its previously announced revenue projections for the fourth quarter and full year of 2007. For the fourth quarter ending December 31, 2007 the company now projects revenues to be in the range of $1.1 million to $1.3 million compared to the Company's previously-announced projections in the range of $750,000 to $950,000. Based on these projections, the Company now projects revenues for the fiscal year 2007 to be in the range of $1.6 million to $1.8 million compared to the Company's previously-announced projections in the range of $1.29 million to $1.49 million.
The fourth quarter revision was prompted by higher than anticipated advertising sales across GoFish's youth-focused network of owned and affiliate sites.
"Our revised projection is due to the efforts of our sales organization which has successfully attracted top-tier brands to our growing network of sites," said Tabreez Verjee, president of GoFish. "As we continue to incorporate other youth-focused publishers into our Network, we will be able to provide advertisers with greater scale and diversified ad solutions."
For the fourth quarter ending December 31, 2007, GoFish expects to incur direct cost of revenues associated with payments to publishers of approximately 50% of revenues. The Company continues to expect to report a net loss for the fourth quarter and fiscal year 2007.
The Company's projected revenues are estimates only and may change pending the Company's management and independent auditor's completion of their annual audit for the fiscal year ending December 31, 2007. While the Company's management believes these projections have a reasonable basis, these projections are subject to risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by such projections, including those identified under the heading "Risk Factors" included in the Company's most recent quarterly report on Form 10-QSB.
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Universal Detection Technology (OTCBB: UDTT) - Up 18.18% on Wednesday
December 12 - Universal Detection Technology Receives Purchase Order for Anthrax Detection Kits
Universal Detection Technology (www.udetection.com) (OTCBB:UDTT) (Frankfurt:PO8), a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that it has received a new purchase order from Security Solutions International (SSI) for UDTT's anthrax detection kits. SSI plans to showcase the kits at upcoming seminars and conferences where SSI professionals provide counter-terrorism training and education to members of law enforcement and representatives from U.S. Army and various other security and emergency response agencies.
UDTT recently announced that the Patent for the Company's Anthrax Detection technology used in its BSM-2000 system was granted by the United States Patent and Trademark Office (USPTO).
The Patent is for an invention titled "bacterial endospore quantification using lanthanide dipicolinate luminescence" and has been filed under USPTO Number 7,306,930. The inventor is Dr. Adrian Ponce, the Deputy Manager for the Planetary Science and Life Detection Section at NASA's Jet Propulsion Laboratory. The United States Government Accountability Office (GAO) conducted a study of the technology in 2003 and concluded that the technology would be a lot cheaper to operate to the current DNA analysis units at use at U.S. Postal facilities. The technology has also been evaluated in numerous peer reviewed scientific journals such as IEEE Magazine. The technology was also featured in the 2005 edition of NASA's Spinoff magazine that highlights significant technologies that were commercialized through NASA's technology transfer program.
"This is an exciting period for Universal Detection Technology. We will now be vigorously marketing our bioterrorism detection products as well as our other detection technologies. We were glad to see the Patent underlying the BSM-2000 be granted and we are also happy to continue to see orders for our homeland security products," said Mr. Jacques Tizabi UDTT's Chief Executive Officer.
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ATSI Communications, Inc. (OTCBB: ATSX) - Up 10.00% on Wednesday
December 12 - Wells Fargo Provides $3 Million Financing to ATSI Communications
ATSI Communications, Inc. (OTCBB: ATSX) today announced that the Company has entered into a $3 million accounts receivable financing agreement with Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A. (NYSE: WFC). This transaction provides ATSI with a consistent source of flexible, low-cost financing that will enable it to significantly reduce its factoring expense and strengthen its capital structure while funding its growth initiatives in its global VoIP business.
Brad LeFevre, VP of Wells Fargo Business Credit, stated, "We are impressed with the Company's track record and financial performance and are pleased to have the opportunity to work with ATSI. We expect that our accounts receivable funding will facilitate the Company's continued growth and business expansion. We look forward to working with ATSI in meeting its future goals."
Antonio Estrada, ATSI's VP of Finance and Corporate Controller, added, "The financing with Wells Fargo will support the execution of our business plan for FY2008 and provide us with increased cash management flexibility. This is a great example of how we are securing new sources of capital while reducing costs. As we grow our customer base, accounts receivable financing will become an increasingly important source of low-cost funding for our business."
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Artificial Life, Inc. (OTCBB: ALIF) - Up 2.94% on Wednesday
December 12 - Artificial Life, Inc. Enlarges Distribution Network in Northern Europe
Hong Kong based Artificial Life, Inc. (OTCBB:ALIF), a leading provider of award-winning mobile 3G technology and applications, announced today the partnership with Aspiro AB, a leading Northern European mobile content provider, to further enhance distribution in Denmark, Sweden, Norway, Finland, Estonia, Latvia and Lithuania. The initial launch will cover hundreds of channels including major telecom operators, leading internet portals, print media, and Aspiro's own distribution channels.
This further expansion into the Northern European countries coincides with Artificial Life's ongoing growth with other countries of Central and Eastern Europe. The Company's global brands will now reach even further bringing such popular titles as V-girl(r), V-boyfriend(tm), and other top games from their catalogue to the Northern European market.
"We are glad to work with Aspiro, a company with a deep understanding of the mobile market and consumer behaviour in Norway, Denmark, Finland, Sweden, Estonia, Latvia and Lithuania. They also have a thorough retail expertise that should be beneficial to our sales. By further enhancing our distribution coverage in these territories, we will continue to provide them with top quality cutting edge mobile entertainment," said Eberhard Schoneburg, CEO of Artificial Life, Inc.
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