OTCPicks.com Stocks to Watch for Wednesday, March 23rd
OTCPicks Publisher Newsletter
OTCPicks.com Stocks to Watch for Wednesday, March 23rd GERS, ARTD, PRAN, CYBL, HTDS, UNDT Our Stocks to Watch tomorrow include GreenShift Corp. (OTCBB: GERS), Peer Media Technologies Inc. (OTC: ARTD), Prana Biotechnology Ltd. (Nasdaq:
PRAN), Cyberlux Corp. (OTCBB: CYBL), Hard to Treat Diseases Inc. (OTC:
HTDS) and Universal Detection Technology (OTCBB: UNDT). GREENSHIFT CORPORATION (OTCBB: GERS) “Up 100.00% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L60&F=T GreenShift Corporation develops and commercializes clean technologies that facilitate the efficient use of natural resources. GreenShift’s revenue model is based on the use of its proprietary technologies to become a leading producer of biomass-derived products, and to do so at reduced cost and risk by extracting and refining raw materials that other producers cannot access or process. GERS News:February 7 – GreenShift Releases Shareholder Letter Kevin Kreisler, chairman of GreenShift Corporation (OTCBB: GERS), issued the following letter to the shareholders of GreenShift: Dear Shareholders: This is an exciting time for our company. We have focused relentlessly on building shareholder value by increasing sales, executing sufficient new licenses to achieve profitability and reducing debt since our last communication. I am pleased to report that our efforts have been successful: we achieved each of our goals for 2010. This letter is to provide you with an update on our progress, the challenges and opportunities in front of us, and our plans moving forward. Key Highlights From 2010 New Agreements: We executed seven new corn oil extraction license agreements during 2010 with ethanol producers representing more than 9% of the industry and over 1 billion gallons per year of ethanol production. Working Capital: Our new agreements and cost controls were sufficient to return us to positive cash flow from operations, thus allowing us to greatly reduce reliance on proceeds from debt and equity financing during the final months of 2010 and moving forward. Profitability: Our existing agreements provide us with sufficient revenue to generate operating income and, depending upon yield and market prices, pre-tax profit as currently licensed systems commence production. Debt Reduction: Total debt decreased by about 30%, from about $60 million as of December 31, 2009 to about $40 million as of December 31, 2010. In addition, other liabilities decreased by another $7 million, for a reduction in total liabilities of about $27 million during 2010, from $83 million to about $56 million as of December 31, 2010. About 95% of the debt reduced during 2010 was accomplished without issuance of stock. Patent Protection: An additional corn oil extraction patent was recently allowed, further strengthening our patent position. Litigation Partner: We partnered with a leading intellectual property law firm, Cantor Colburn, LLP, to enforce our corn oil extraction patent against accused infringers to protect the competitive advantage of our licensees. Cantor Colburn has been an invaluable partner and we are very pleased to have such a high caliber team behind us on terms that align their interests with our success. Increased Demand: More and more producers were turning to us for licensing, equipment and technical and marketing support services as of late 2010. Record Yield: We increased yields for our licensees and demonstrated that a properly designed, capitalized, installed and operated corn oil extraction system can consistently produce more than 0.9 pounds of corn oil per bushel of corn processed – without negatively impacting profat compliance or the value of distillers grain in most areas. Record Prices: We developed new markets for corn oil through our marketing arm. These markets opened up during 2010 as supplies increased sufficiently to enable new purchasers to switch away from more costly vegetable oils.
Increased demand for corn oil in multiple market applications, new and existing, drove prices to record levels by the end of the year, and still higher into 2011. Record Improvement: As of year end, our patented corn oil extraction technologies were still the single most valuable improvement developed, commercialized and made available to dry mill ethanol producers – adding as much as $0.09 per gallon of ethanol produced in new income with paybacks of less than 1 year. We accomplished much during 2010, but none of it would have been possible without the continuing strong support and commitment of our financial, legal and other partners; the business and partnership of our licensees; and the hard work of our team. We are very thankful for each of their contributions. We steered clear of bankruptcy and total loss of shareholder value following the global financial and commodity crisis. We have turned the corner. We are gathering momentum. 2011 is just a month old and we have already executed two new license agreements and had two more patents allowed. We’re just getting started. Goals Moving Forward We will improve on our 2010 performance during 2011 by executing licenses with facilities producing a total of 1.3 billion gallons per year of ethanol, corresponding to an additional 9.6% of the total U.S. ethanol production, and by reducing debt by at least 33%. We will supplement our royalty income by designing and delivering new extraction systems and upgrades, and by providing related technical and marketing support services to maximize the benefits and minimize the costs of corn oil extraction for our clients. We will stay lean but we plan to hire additional technical services support staff in the Mid-West to ensure that our clients receive rapid support as our business continues to grow. We will also build shareholder value in 2011 by providing our clients with additional process enhancements. Our patented and patent-pending portfolio of Backend Fractionation™ technologies is designed to continue improving the profitability and energy balance of refining corn into fuel. One of the new licenses we executed during 2011 provides for the first-ever commercial deployment of our patent-pending Method II whole stillage extraction process, a technology that is expected to become vital to ethanol producers that sell their distillers grain to the dairy markets. Together, our Method II corn oil extraction process and other Backend Fractionation™ technologies have the capability of maximizing corn oil production, creating valuable new co-products for ethanol producers, and dramatically increasing ethanol producer income while further improving the nutritional profile and value of distillers grain. Value Creation In February 2010, the U.S. Environmental Protection Agency published its estimate that 70% of the U.S. ethanol industry will use corn oil extraction technology to produce 40% of America’s biodiesel feedstock by 2022. At the end of 2010, industry publications were predicting the adoption of corn oil extraction technology by the entire industry. If that actually occurs, if our patented technologies actually standardize and shift the majority of the U.S. ethanol industry into increased efficiency and profitability, then we will have fulfilled our founding mission of building value for our clients and shareholders by developing and using technology to catalyze disruptive environmental gain. We believe that the first, best and most cost-effective way to achieve positive environmental change of any magnitude is to develop technology-driven economic incentives that motivate large groups of people and companies to make incremental environmental contributions that are collectively very significant. At projected levels of adoption, that is precisely what GreenShift’s patented corn oil extraction technologies will have done by sustainably producing globally-meaningful quantities of new carbon-neutral liquid fuels for distribution through existing supply chains; displacing more than 20 million barrels per year of crude oil; saving trillions of cubic feet per year of natural gas; eliminating tens of millions of metric tons per year of greenhouse gas emissions; and infusing more than $2 billion per year of increased income into the corn ethanol industry – the foundation of North America’s renewable fuel production capability. One of our most important challenges as we look forward to 2011 and beyond is to convert the value we have brought to the ethanol industry and our clients into increased value for all of our shareholders. Resolving this challenge will require that we execute on our goals, right our balance sheet and simplify our capital structure. We are committed to accomplishing each of these tasks. Being a first mover with new technology in the renewable fuels industry has been challenging to be sure, and, in hindsight, we made our fair share of mistakes along the way. We invested too aggressively in the development and commercialization of corn oil refining technologies when biodiesel producers were unwilling to commit capital to retooling their plants to refine corn oil and none of the leading biodiesel technology providers were willing to provide a process guaranty. And, we relied too heavily on our financing model and financing commitments given the commodity, policy, legal and other risks, exposing us to the loss of all of our financing and working capital when the market crashed. In the end, we simply borrowed too much as we pushed through and overcame each of the barriers to commercializing our extraction technologies. Our capital structure will be complicated by the convertible nature of our debt until it is repaid. Dilution resulting from the conversion of some of our debt into stock can be expected between now and full repayment.
However, we are committed to minimizing the dilutive expense of these debt conversions. Our key challenge here is to build value at a greater rate than debt is repaid with stock, until we can repay debt from cash flow alone. On that, there is reason to be hopeful. Returning to positive cash flow allows us to dramatically reduce stock issuances associated with working capital financing moving forward. The vast majority of the debt reduced during 2010 involved no issuance of stock. We are confident that we can improve upon the successes achieved last year on this front, and we are currently evaluating additional opportunities to do so. Further, achieving our sales target for 2011 would be a major accomplishment for GreenShift and its shareholders for many reasons, not the least of which is that doubling penetration would allow us to pay off all remaining debt out of cash flow. We believe that our market value is suppressed well below where it should be. This situation can only be corrected with solid execution – staying focused, earning business, increasing sales, running a profitable company and reducing our debt until there is zero dilutive impact on our shareholders. We are not there yet, but we are energized; we have a great team and committed partners, and we believe that we will make substantial additional progress this year. We are grateful for your patience and support and we look forward to our next communication. Best Regards,Kevin Kreisler Chairman and Chief Executive Officer GreenShift Corporation PEER MEDIA TECHNOLOGIES INCORPORATED (OTC: ARTD) “Up 135.71% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L70&F=T Originally incorporated as ARTISTdirect, Inc. in 1999, the company changed its name to Peer Media Technologies in 2010 after it acquired Media Defender in 2005 and Media Sentry in 2009 and sold its legacy music website business ARTISTdirect.com in 2010. The company is the leading provider of intellectual property protection and business intelligence services to major motion picture studios, record labels, television networks, gaming companies and software publishers. ARTD News:March 21 – Peer Media Technologies and Bay TSP Announce MergerConsolidated Companies Create Intellectual Property Protection Powerhouse Peer Media Technologies, Inc. (OTC: ARTD) and Bay TSP.com, Inc., both leading digital media technology companies, announced that they had signed a non-binding letter of intent conditional on various pre-conditions to merge by May 31, 2011. The announcement was made by Dimitri Villard, CEO of Peer Media Technologies, and Stuart Rosove, CEO of Bay TSP. The resulting company will be the largest in its field and the only one in the world to offer a full spectrum of anti-piracy and business intelligence services, and will be renamed to reflect the new company`s strength and strategic vision.Both companies are leading providers of business and marketing intelligence services for digital media measurement, encompassing a large network of intelligent monitoring agents and proprietary databases that track, verify, measure and report on un-monetized digital media consumption activity. In addition, they also provide the world`s largest entertainment and media companies with the most effective means available to globally detect, track, and deter the unauthorized distribution of their digital content. “The combination of Peer Media Technologies with Bay TSP creates a true powerhouse in the field of intellectual property protection,” said Dimitri Villard, Chief Executive Officer of Peer Media. “Not only will the merger create the largest corporation in the world in the field of anti-piracy and business intelligence from monitoring un-monetized content consumption, it will result in a global service offering that others simply can`t match.”The combined services portfolio will provide clients with powerful, end-to-end solutions designed to meet specific content protection, intelligence and distribution needs. With a global infrastructure spanning the most prolific P2P networks, content hosting websites known as cyberlockers, live streaming sites and user-generated content (UGC) sites, both Peer Media and Bay TSP are dedicated to helping content owners not only understand, but also leverage today`s largest pool of online consumers. The companies` peer-to-peer (P2P) and web scanning takedown, countermeasures and notice services deliver unparalleled copyright enforcement capabilities that significantly reduce the ability of pirates to access copyrighted material.Stuart Rosove, Chief Executive Officer of Bay TSP commented, “This merger will enable us to dramatically expand our respective companies` effectiveness by providing customers with the widest range of options to meet the constantly evolving challenges in copyright protection and enforcement. We look forward to providing future milestones as the merger begins to take advantage of our strong synergistic digital services.” ABOUT BAY TSP.COM, INC.Bay TSP has been a leading provider of content protection and tracking services since its founding in 1999. The company offers the industry`s leading commercial search and discovery services for tracking and analyzing the impact of digital media online. For over 10 years Bay TSP has provided services to the world`s largest media and entertainment companies, including motion picture studios, broadcasters, pay-per-view producers, video game developers, sports leagues, as well as print and software publishers. PRANA BIOTECHNOLOGY LIMITED (NASDAQ: PRAN) “Up 36.30% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L2&F=T Prana Biotechnology was established to commercialise research into Alzheimer`s Disease and other major age-related neurodegenerative disorders. The Company was incorporated in 1997 and listed on the Australian Stock Exchange in March 2000 and listed on NASDAQ in September 2002. Researchers at prominent international institutions including The University of Melbourne, The Mental Health Research Institute (Melbourne) and Massachusetts General Hospital, a teaching hospital of Harvard Medical School, contributed to the discovery of Prana`s technology.PRAN News:March 21 – Prana`s PBT2 Directly Restores Neurons Critical to Cognition PLoS ONE Publication on PBT2 Consolidates the Underlying Mechanisms for the Preclinical and Clinical Benefits of PBT2 in Alzheimer`s Disease Prana Biotechnology (Nasdaq: PRAN) announced the publication of new data on the ability of PBT2 to repair the damage in an Alzheimer`s affected brain thereby facilitating the restoration of cognition in Alzheimer`s Disease (AD). The findings help to explain the rapid improvement in cognition previously reported in transgenic Alzheimer`s mice* and in patients in a Phase IIa clinical trial with PBT2**. The article published in the science journal PLoS ONE is entitled “Metal Ionophore Treatment Restores Dendritic Spine Density and Synaptic Protein Levels in a Mouse Model of Alzheimer`s Disease.”The authors led by Dr Paul Adlard, Head of The Synaptic Neurobiology Laboratory at The Mental Health Research Institute, describe the biochemical and anatomical changes occurring in the brains of transgenic***
Alzheimer`s mice treated with PBT2.After 11 days of treatment, the brains of the Alzheimer`s mice showed a statistically significant increase in the numbers of spines on the branches (or dendrites) of neurons in the hippocampus, a memory centre specifically affected in AD. Increasing the number of spines is important as this permits many more neurons to interconnect with any particular neuron thereby increasing the brain`s capacity to carry out learning and memory functions.Importantly, these anatomical changes to the hippocampus were also accompanied by increased levels in key proteins**** involved in learning, memory and neuronal growth. The levels of many of these proteins were restored to the levels seen in healthy, cognitively normal animals.”The ability of PBT2 to promote the forming and reforming of connections between neurons is fundamental to the repair of brain tissue damaged by AD, and the expression of key neuronal receptors and signaling proteins indicates that the repaired tissue is functional,” noted Prana`s Head of Research, Associate Professor Robert Cherny.In a series of parallel experiments, the authors also administered PBT2 to cultured neurons. In these in vitro experiments, PBT2 was able to elicit elongation of `arm like` projections from the immature developing neurons called neurites. These projections can ultimately mature into either axons or dendrites of an adult neuron. Significantly, the changes observed in the in vitro experiments were strictly dependent on the presence of copper or zinc in the growth medium, confirming that the restorative effect of PBT2 is due to its ability to deliver these metals to deficient neurons.It has previously been shown that PBT2 neutralises the toxicity of the Alzheimer`s Abeta protein by preventing the formation of toxic aggregates or oligomers*. These new results further explain how PBT2 can achieve such rapid improvements in cognition: by liberating copper and zinc trapped in amyloid deposits and returning those essential metals to neurons, where they are needed for normal function.”These findings further demonstrate the unique combination of detoxification and neuronal restoration provided by PBT2 that underlie cognitive improvement in the clinic,” concluded Dr Cherny.* Adlard et al. Neuron (2008) vol. 59, pp. 43-55 **Lannfelt et al. Lancet Neurology (2008) vol. 7, pp. 779-86; Lannfelt et al. Lancet Neurology (2009) vol. 8, pp. 981.
*** The AD transgenic mouse model is the Tg2576 **** These proteins include different subtypes of NMDA receptors, which are known to be depleted in AD, the signaling protein CamKII, and TrkB, and the receptor for Brain Derived Neurotrophic Factor.CYBERLUX CORPORATION (OTCBB: CYBL) “Up 77.78% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L57&F=T Cyberlux Corporation, a leader in solid-state lighting innovation, has developed breakthrough LED lighting technology that provides the most energy efficient and cost effective portable lighting solutions available today for military and commercial uses. The Military and Homeland Security products provide tactical covert and visible lighting capability and are designed as highly mobile, battery-powered lighting systems ideal for threat detection, force and asset protection and general expeditionary lighting needs. CYBL News:January 10 – Letter to Shareholders from Mark D. Schmidt, President/CEO of Cyberlux Corporation The following is a letter to Shareholders from Mark D. Schmidt, President/CEO of Cyberlux Corporation (OTCBB: CYBL).Dear Fellow Cyberlux Shareholder: I would like to update you on the progress we made in 2010, the Company’s plans for 2011 and the ongoing challenges facing Cyberlux Corporation. First, I want to express my continued appreciation for your support as a fellow shareholder, and address the reasons why we are not as communicative as other OTCBB companies our size While the Company recognizes that the growing pains experienced by younger companies is ultimately passed on to the shareholders in price performance, please understand that your Management team is continuing the challenging task of putting past legacy issues behind us that are still materially affecting the stock today.
Cyberlux Corporation is truly thankful to have you as an investor and we fully understand the trust you have put in Management. Cyberlux Management is committed to the restructuring tasks that remain ahead, and we will continue the turnaround effort that has been underway for the past two years until the job is done. Additionally, many of our clients consist of very large publicly traded companies, as well as the Government. The contracts we have successfully secured require confidentiality agreements and conditions that sometimes only allow us to disclose these events in our required filings. You must understand that we would love nothing more than to be able to market these accomplishments through press releases and the like, but we have experienced first-hand the ramifications that occur with doing this within our sensitive client base..
We have learned that the downside to releasing this news can range anywhere from being reprimanded by our clients, to allowing competitors to take business from the company. We must balance our exposure based upon the language in our contracts, feedback from our clients and simply what makes sense to the company. That being said, the company does its best to be as transparent as possible, and always attempts to be in full compliance with all disclosure regulations, but we must do what is best for the company when it comes to what can be released as marketing material. During 2010, Cyberlux Management focused on the Company’s competitive differentiators: strong governmental relationships, product innovation, proprietary LED knowledge and patented LED technology. This focus allowed the Company to secure its first significant Department of Defense (DoD) contract in May with the National Guard Bureau for 200 BrightEye Systems and $3,400,000 in revenue. In addition, we secured a second contract from the National Guard Bureau for 39 BrightEye Systems and an additional $663,000 in revenue. For a company our size, securing over $4.0M in contracts is not only remarkable, but is the source of revenue and profit that can fuel the turnaround effort already underway. Also and as previously disseminated, we have an ongoing development relationship with Spectrum Brands, most notably, its Rayovac brand. This relationship calls for our design and manufacturing abilities to compliment one of the largest branding companies with clients worldwide. While the research and development of this project has taken longer than we originally expected, we still believe this to be considerable source of revenue in 2011 and beyond. Both Management teams have been in constant communication and we hope to have material updates for you in the near future. The DoD contract, as well as the Spectrum Brands opportunity, are two perfect examples of our refined business model that we believe will lead to an improved balance sheet and a more valuable company for all of you. Our pipeline is focused on similar clients, so we hope to announce new revenue sources that are in-line with what was described above. We are already seeing the improvements with the Company posting a 3Q 2010 net income from Operations of $272,907 versus a loss $486,161 for the same period in 2009. On a year-to-date basis, the Company increased revenue by $1,539,962 and reduced its loss by $936,889 through 3Q 2010, compared to the same period in 2009. This is the first positive quarterly net income from Operations that the Company has ever posted. In these results, we can also see that the ongoing focus on expense reduction is reflected in the balance sheet as well for 2010, with G & A expenses being reduced an additional 17% from $1,604,029 to $1,327,943 through 3Q. Clearly, we are making progress. With this cost structure, the Company should be positioned for growth as our business model continues to advance, but we can never be certain of the future and the business risk a small company like Cyberlux faces is ongoing. The Management team realizes that the future viability of Cyberlux depends on a constant stream of revenue from known customers with known demand and requirements. In the past, the Company had false starts on products that did not make it to market, which resulted in significant debt with investors who had the opportunity to convert that debt into equity. As disclosed, Management entered into a settlement agreement with its largest, as well as one of the earlier investors that allows what would have been a costly and strategically limiting ‘bottomless’ convertible debt into a payable that can be settled over time. Ultimately, Management opted to reflect this payable in the balance sheet rather than risk an uncertain outcome and unforeseeable dilution of a limitless convertible debt. As the terms of the settlement agreement stipulate, this payable can be satisfied with payments either in stock or cash. Given the cash flow requirements of the business, Management has had to rely on stock as the means for satisfying this payable in a non-toxic fashion, and this will be the case for the foreseeable future. While satisfying this payable is, in our opinion, non-toxic, we do realize it is dilutive. The CYBL share price has a direct correlation with the amount of equity used to satisfy the payable, which is a dilutive event. While we recognize that the progress we’ve made justifies a higher market capitalization than where we trade today, we also believe the best interests of the shareholders, including Management, are being served by resolving this payable with equity. Management has a strong ethical belief that the share price is driven by the markets, and we do not interfere with the Company’s stock other than to inform the market of material events. As we grow the business and resolve remaining legacy issues, the share price should rise accordingly.
For the foreseeable future, we will continue to experience dilution, but we are hopeful to see a transition in the future where the share price reflects performance. Like most public companies, our goal, is to minimize dilution, become sustainable from revenue generation and share with all investors the benefit of a stock that is valued relative to the growth of the company. There is no doubt that the Company must continue to define the business model, as well as the capitalization structure, in order to yield results for both the Company and investor. We are discussing every possible opportunity that will allow the shareholder to be in lock step with the Company as it grows. The changes Management has made in the Cyberlux business model are showing as positive results both in the balance sheet and in the operation of the Company. The remaining challenges require every Cyberlux employee to be constantly focused on execution, on quality and on achieving the commitments we make to our customers and business partners.
Excellence is achieved daily, through focused execution and the unwavering efforts of Cyberlux employees. Thank you for your continued support. Best regards, Mark D. Schmidt President/CEO Cyberlux CorporationHARD TO TREAT DISEASES INCORPORATED (OTC: HTDS) “Up 50.00% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L&F=T In June 2003, International Foam Solutions, Inc. changed its name to Hard to Treat Diseases, Inc. in connection with the completion of a share exchange agreement with Hard to Treat Diseases and T-19, Inc. Hard to Treat Diseases, Inc. holds the international marketing rights, except South Korea, to Tubercin, a patented immunostimulant developed for combating cancer and rheumatoid arthritis under medical patent. Tubercin promotes good health by enhancing the immune system. The nasal spray would be distributed through major holistic retailers and providers worldwide. HTDS News:March 17 – Mellow Hope Two Vaccines Approved in Pakistan Hard to Treat Diseases, Inc. (OTC: HTDS) announced that its China-based subsidiary Shenzhen Mellow Hope has had two vaccines for contagious diseases approved by Pakistan`s Ministry of Health to be sold in the country.It has taken several years of continuous efforts by Mellow Hope to have Hepatitis A Live Attenuated Vaccine (MEVAC-A) and Influenza Virus Vaccine, Inactivated (Split) (MEVAC-FLU) approved for use in Pakistan. The company is setting prices for the vaccines in anticipation of receiving registration certificates that will allow it to start taking orders.Mellow Hope believes that the two vaccines will be launched successfully and become widely accepted by those who need them among Pakistan`s 190 million residents. Improved performance in the world`s sixth most populated country, where Hepatitis is a highly infectious and problematic disease, should increase profits for HTDS and add value for shareholders.UNIVERSAL DETECTION TECHNOLOGY (OTCBB: UNDT) “Up 31.25% on Tuesday” Detailed Quote:
http://otcpicknews.com/emailmarketer/link.phpM940&N57&L4&F=T Universal Detection Technology is a developer of monitoring technologies, including bioterrorism detection devices. The company on its own and with development partners is positioned to capitalize on opportunities related to Homeland Security. For example, the company, in cooperation with NASA, has developed a bacterial spore detector that detects certain biohazard substances. The company is also a reseller of handheld assays used for detection of five bioterrorism agents, radiation detection systems, and antimicrobial products. UNDT News:March 22 – Universal Detection Technology Markets Radiation Detection Equipment in Japan Through Distribution Agreement With Local Representative Agreement With Precision Technologies PTD, Gives UNDT On-the-Ground Marketing Presence in Japan Universal Detection Technology (OTCBB: UNDT), a developer of early-warning monitoring technologies that protect against biological, chemical, and radiological threats, announced today that it has signed an agreement for radiation detection distribution in Japan. Precision Technologies PTD, will give UNDT an on the ground marketing presence in Japan.Concerns over food contaminated by radiation from areas surrounding the troubled nuclear plant in Fukushima spread beyond Japan`s borders on Monday morning, with world health officials warning of the potential dangers posed by the tainted food.World Health Organization officials told reporters Monday that Japan should act quickly to ban food sales from areas around the damaged nuclear plant, saying radiation in food is more dangerous than radioactive particles in the air because of accumulation in the human body.”Walking outside for a day and eating food repeatedly are two different things. This is why they`re going to have to take some decisions quickly in Japan to shut down and stop food being used completely from zones which they feel might be affected,” WHO spokesman Gregory Hartl said, according to the Associated Press.Universal Detection Technology supplies nuclear detection and monitoring systems that include electronic dosimetry and teledosimetry devices. In addition to electronic dosimetry and teledosimetry, other best-in-breed solutions include contamination and clearance applications, personnel and vehicle/cargo gateway monitors and portable survey meters. The Company also provides innovative passive dosimetry systems for measurement of cumulative radiation exposures. UNDT`s dosimeters can be used by both professionals and non-trained personnel, as they are passive devices. Product Lines Include:* Active Dosimetry, Teledosimetry and Portable Instruments * Contamination and Clearance * Passive Dosimetry Systems “Through our agreement with Precision Technologies we can directly market our radiation detection products to individuals and agencies in Japan and help in protecting people from radiation exposure as soon as possible,” said Jacques Tizabi, UNDT`s Chairman and CEO.OTCPicks.com is located at 3533 Twin Lakes Drive, Prosper, TX 75078, Telephone: (972) 546-3740, Email: Publisher@OTCPicks.com.This email address is being protected from spam bots, you need Javascript enabled to view it..DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. 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