Our Stocks to Watch today include Material Technologies, Inc. (OTCBB: MTTG), Telzuit Medical Technologies, Inc. (OTCBB: TZMT), WW Energy Inc. (OTC: WWNG), Auctions International Inc. (OTC: AUCI)
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MATERIAL TECHNOLOGIES INCORPORATED (OTCBB: MTTG)
"Up 64.91% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/MTTG.php
Material Technologies, Inc. engages in research and development of metal fatigue detection, measurement, and monitoring technologies in the United States. The company develops devices and systems that indicate the true status of fatigue damage in a metal component. It produces Fatigue Fuse, a device that integrates the effect of fatigue loading in a structural member. It is designed to be affixed to a structure to give warnings at pre-selected percentages of the fatigue life that has been used up. The company also develops Electrochemical Fatigue Sensor, an instrument that detects very small growing fatigue cracks in metals. Its technology is applicable to various market sectors, such as bridges and aerospace, as well as ships, cranes, railways, power plants, nuclear facilities, chemical plants, mining equipment, piping systems, and heavy iron. The company was founded in 1983 and is based in Los Angeles, California.
MTTG News:
January 22 - Material Technologies, Inc. Inspects Fracture Critical Bridge in West Sacramento, CA With Their Electrochemical Fatigue Sensor System
Material Technologies, Inc. (OTCBB: MTTG) (MATECH) of Los Angeles, CA provided inspection services to CalTrans using their patented Electrochemical Fatigue Sensor (EFS) System. The inspected structure is a fracture critical bridge located in West Sacramento, CA that has been repaired and retrofitted. Inspection results are being used to determine which of the existing cracks are growing, if there are other locations which contain cracks previously undocumented, and whether the repairs and retrofits installed on the bridge are working properly, that is, not exhibiting any crack growth. This information can be used to prioritize repair funds as well as verify the efficacy of those repairs and repair methods.
The inspection was completed on December 12, 2007, with a dozen CalTrans representatives present. Results will be presented to officials to determine further uses of EFS across the state.
Robert M. Bernstein, MATECH's CEO, says, "MATECH continues to provide DOT's (state departments of transportation) with invaluable information never available before. More and more DOT's are becoming familiar with the technology and requesting inspections. They are using the inspection results to make better bridge management decisions."
TELZUIT MEDICAL TECHNOLOGIES (OTCBB: TZMT)
"Up 29.41% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/TZMT.php
Telzuit Medical Technologies, Inc. engages in the development and marketing of ambulatory medical devices that monitor, measure, and record physiological signals generated by the body in the United States. The company's lead product include STATPATCH Wireless Holter Monitor, a full 12-lead, wireless holter heart monitor, which measures, records, and transmits physiological signals associated with a patient's cardiovascular system. It is also developing STATPATC Wireless Event Monitor, which records an abnormal heart rhythm that occurs only infrequently; STATPATCH Sleep Apnea Device that measures, records, and transmits cardiac data while a patient is sleeping; and STATPATCHTM Elderly Patient Wireless Monitoring System designed primarily for use by patients in nursing homes and assisted living facilities. In addition, Telzuit Medical Technologies owns and operates mobile imaging units that provide ultrasound imaging to clinics and doctors' offices. The company was founded in 2000 and is based in Orlando, Florida.
TZMT News:
January 22 - Telzuit Medical Technologies Files Form 8-K with SEC
On January 21, 2008, Telzuit Medical Technologies, Inc. (OTCBB: TZMT) management held a conference call outlining recent events for the company. The following is an outline of what was discussed during the call:
1) During the past year we have improved and perfected the operation of the StatPatch by enhancing components on the circuit board and reducing the cost of manufacturing.
2) We have moved the software platform for the StatPatch from the Palm operating system to Windows mobile 5.0 and most recently to Windows Mobile 6.0.
3) We have significantly improved the Bluetooth operating range of the StatPatch resulting in fewer drops.
4) We created a PC version of the software for institutional use.
5) We improved the PDA software so that the OEM battery will now complete a 24 hour Holter test without the need to recharge the battery.
6) We have run some 500 tests this year with the StatPatch system and have a 97% success rate.
7) We believe that the failure rate of the traditional wired Holter is much greater than our 3%. Perhaps as high as 30%.
8) Our use of the StatPatch on patients has been successfully paid for by Medicare and other third party payers.
9) The Cardiologist reviewing the StatPatch tests and interpreting the results via a written report back to the physicians ordering the Holter has found the StatPatch recordings to be of excellent quality, accurate and exceedingly easy to evaluate and interpret. The Cardiologist also believes that the StatPatch is more efficient than other technology out there now.
10) We have reduced the cash burn rate of the company from over $400k per month to under $100k per month.
11) Component changes and manufacturing efficiencies will reduce the overall cost of the StatPatch and yield us an improved profit margin. Also, PDA acquisition costs have been reduced by 60%.
12) We have distribution agreements in progress to hit the ground running as soon as there is enough funding to start building sufficient inventory of the StatPatch.
13) We are in substantive discussions with a foreign provider if EKG products and services to serve as their OEM for wireless holter monitors and related products. This third party will have rights to our product in Europe and selected US markets, if we successfully complete this partnership. We believe that if successfully completed this partnership will provide the company with sales levels that are substantial.
14) We have begun discussions with one of the largest distributers of EKG products in the US to serve as our distributer in selected US markets.
15) To sum up, the product is ready to tackle the holter monitoring market. We believe we have the relationships in place or nearly in place that will enable us to achieve substantial penetration. We currently lack the financial resources to fulfill this plan.
16) On a related note we intend to make strategic additions to the Board of Directors. Kenneth Adams and Richard Bischoff have resigned from the Board to make way for future additions.
WW ENERGY INCORPORATED (OTC: WWNG)
"Up 39.00% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/WWNG.php
WW Energy, Inc., through its subsidiaries, provides services to the oil and gas industry. The company engages in the acquisition, exploration, exploitation, and development of leases, and oil and gas related assets. It has exploitation projects in Texas, Utah, and New Mexico. The company also engages in transporting fresh production water for oil drilling and exploration, and waste water for disposal. In addition, it provides services for heavy hauling of drilling and well equipment used in oil and gas production and exploration industry. The company also operates in Colorado and Arizona. WW Energy was founded in 1999 and is based in Farmington, New Mexico.
WWNG News:
January 22 - WW Energy Signs Letter of Intent (LOI) For Producing Wells in Terry County, Texas
WW Energy Inc. (OTC: WWNG) – a holding company that was created to acquire oil and gas service companies as well as oil and gas–related assets – announced that the company has signed a Letter of Intent for the Producing Wells in Terry County, Texas.
WW Energy Inc. has the opportunity to purchase a working interest in the field mentioned above. This would give the company a cash flow of approximately $500,000.00 per month. The total field is producing approximately 2,150 bbls. of oil and 3,985 mcfd per day. More than 50 wells have been drilled since late 1999 with another two dozen wells identified to drill so far, some being development wells, and some wildcat. There were six wells newly completed and online as of October.
The portfolio is ideally suited for a company seeking new exploration and development opportunities while enjoying strong cash flows being generated from executed projects to date. Such a company will appreciate the strategic ownership of critical pipeline infrastructure, proprietary seismic data and participation in key wells and leases.
AUCTIONS INTERNATIONAL (OTC: AUCI)
"Up 37.93% in morning trading"
Detailed Quote: http://www.otcpicks.com/quotes/AUCI.php
Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumers' needs. In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. For more information, visit http://www.auctionsir.com/ and http://www.autobidlive.com/.
AUCI News:
January 22 - Auctions International Issues Statement on Share Structure and Non-Dilution
Auctions International Inc. (OTC: AUCI), a technology company that owns and markets proprietary software to enable real-time online auctions of virtually any product or commodity for use by the wholesale market, commented on its share structure and reaffirmed the Company's positive outlook for 2008.
Douglas Mann, president and CEO of Auctions International Inc., said, "In response to the recent volatility in the marketplace, we wanted to assure our shareholders that any such activity does not reflect the outstanding share position in the Company.
"There are 50 Million shares outstanding, of which 25 Million are restricted and are held by myself, directors, and the technical and support staff of Auctions International. Of the 25 Million that are free trading, 9.3 Million are registered on DTC as of January 11, 2008. From that 25 Million, 8 Million are held by family members and friends who have supported AUCI's development and expenditures over the past two years.
"The Company does not need capital of any substance. Nor do we have any fundings that could cause such a downward spiral in our stock. We do not see a need to issue any shares to dilute the current shareholder value in the foreseeable future.
"We are diligently pursuing our business objectives. Business-to-business Internet commerce in the wholesale market is ripe with opportunity. The solution provided by our wholly owned subsidiary AutoBidLive is a revolutionary way for car dealers to get added exposure, particularly during times of lagging sales and shrinking margins.
"I'd like to reaffirm Auctions International is moving forward with its plans to build shareholder value through AutoBidLive.com as well as other markets that can benefit from our proprietary real-time auction software. As we continue to execute our growth strategies and achieve new milestones, our outlook remains positive for 2008."
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