furax2000
17 years ago
Inova Receives $2.5 Million Funding From IBM
Tuesday August 7, 3:00 am ET
SANTA MONICA, CA--(MARKET WIRE)--Aug 7, 2007 -- Inova (OTC BB:IVTH.OB - News) and Desert Communications have signed definitive agreements with IGF (IBM Global Finance) that will provide $2.5 million of debt funding to Inova and Desert Communications.
The funding from IBM will be used to assist with the acquisition of Desert Communications in addition to providing ongoing working capital.
CEO of Inova Technology, Mr. Adam Radly, said, "The funding from IBM is a strong vote of confidence for both Inova and Desert Communications. We've made a lot of progress over recent months and we're very pleased that this progress has put us in a position where we can attract funding from IBM."
On August 1, 2007, Inova announced that it signed a definitive agreement to acquire Texas based Desert Communications for $5.5 million. This transaction is an acquisition and not a merger and the sellers of Desert will not be receiving any stock as part of the transaction.
For the year ended December 2006, Desert generated revenue of $13 million and EBITDA of $1.8 million. Desert provides IT services to a customer base that primarily consists of Texas-based school districts, local government entities and corporations.
Inova will pay $3 million cash on closing and a $2.5 million note payable over three years. The transaction is expected to close during the month of August, 2007. Inova will not be issuing stock to the sellers of Desert as part of the transaction.
Inova and Desert have been developing three RFID pilots together for schools, prisons and libraries. The first uses Inova's RFID technology to assist libraries convert from bar code systems to RFID systems. The second allows prisons to track prisoners. The third allows schools to track high value equipment and give students automated access to specific areas.
furax2000
17 years ago
Inova Acquires Desert Communications
Wednesday August 1, 6:02 pm ET
http://biz.yahoo.com/iw/070801/0285383.html
SANTA MONICA, CA--(MARKET WIRE)--Aug 1, 2007 -- Inova (OTC BB:IVTH.OB - News) has signed a definitive agreement to acquire Texas-based Desert Communications for $5.5 million. Inova and Desert have been developing three RFID pilots together for schools, libraries and prisons.
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For the year ending December 2006, Desert generated revenue of $13 million and EBITDA of $1.8 million. Inova will pay $3 million cash on closing and a $2.5 million note payable over three years. The transaction is expected to close during the month of August 2007. The sellers of Desert will not be receiving Inova stock as part of the transaction.
Desert provides IT services to a customer base that primarily consists of Texas-based school districts, local government entities and corporations. IT services offered by Desert include IT network and communications services, network design, implementation and maintenance. During 2007, Desert has been approached by certain customers to provide RFID solutions and Inova and Desert have been working together to provide these solutions.
CEO of Inova Technology, Mr Adam Radly, said, "We're extremely pleased to be acquiring Desert Communications. Desert has a very established customer base that provides a lot of repeat business and a talented and stable base of employees. Off course, we're also excited about the RFID pilots. If successful, these RFID solutions can be rolled out across the country."
Inova is also assessing additional acquisition opportunities and is targeting businesses that offer RFID solutions or can assist Inova to enhance its current suite of RFID solutions or can accelerate the roll out of Inova RFID solutions.
furax2000
17 years ago
Inova's Right Tag Receives Order From British Telecom
Wednesday August 1, 5:38 pm ET
http://biz.yahoo.com/iw/070801/0285378.html
SANTA MONICA, CA--(MARKET WIRE)--Aug 1, 2007 -- Inova Technology (OTC BB:IVTH.OB - News)
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Right Tag, an Inova Technology company, has received an order for RFID scanners from British Telecom.
"We are extremely pleased to receive an order for RFID scanners from BT. Orders such as this validate our product," said Adam Radly, CEO of Inova Technology.
Inova also released a comparison chart that provides a feature-by-feature comparison of its RFID scanners with those from its competitors. The comparison demonstrates that the Inova scanners have all of the available features and functionality while the competing products don't and the Inova scanners sell for a lower price.
The comparison chart can be found on the Inova website at:
http://www.inovatechnology.com/RFIDScannerComparison.html
Despite offering the most feature rich product, Inova is still generating gross margins of approximately 50% on the scanners.
furax2000
17 years ago
RightTag Receives Order for 1,000 RFID PC Boards
http://biz.yahoo.com/iw/070726/0282962.html
Thursday July 26, 11:10 am ET
SANTA MONICA, CA--(MARKET WIRE)--Jul 26, 2007 -- Inova Technology (OTC BB:IVTH.OB - News) is pleased to announce that its wholly owned subsidiary, RightTag Inc., recently launched the world's first RFID (radio frequency identification) board that can be used to transform any electronic device into an RFID scanner. Furthermore, RightTag received its first order of 1,000 PC boards from Trakker Technologies.
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Trakker supplies leading edge technology to manage leads for tradeshow participants. Users of Trakker exchange information at trade shows by simply scanning each other's trade show registration card. These cards are increasingly using RFID instead of bar coding. Trakker will incorporate the RightTag PC board into the reader that they provide to trade show participants.
Adam Radly, Chief Executive Officer of Inova, states, "We are extremely pleased to receive our first order for our new PC board. Trakker Technologies will now be able to differentiate themselves from their competitors by offering a superior product to the trade show industry. As we enter the second half of 2007, we are implementing an aggressive sales and marketing campaign to target various industries that will benefit from integrating our RFID board."
The RFID board supports an industry standard communication interface and can be used for many applications. The board could be used, for example, to intelligently monitor and route products by installing it in devices used by couriers, on conveyor belts, or in doorways. This would allow a company to automatically update delivery schedules, inventory databases, locate critical equipment (for example, in a hospital) or prevent theft.
"Someday most products will have RFID tags and most electronic devices will have readers. We are working closely with PC companies to ensure those readers come from us," continued Adam Radly.
In addition to selling the PC board, RightTag will license the technology to the manufacturers of laptops and PDAs to make their product RFID ready.
click2trade
17 years ago
RightTag, Inc., a leading provider of comprehensive wireless and wireline RFID solutions, today announced the availability of the industry's first 13.56 MHz wireless radio-frequency identification scanner with Bluetooth. The new scanner, BT RIGHTReader, offers users greater flexibility by eliminating the need for cumbersome wires and transmitting data to devices up to ten meters (~10 yards) away. RightTag also announced today the RIGHTScanner, a compact and inexpensive RFID scanner designed for companies looking to increase security and control and monitor access, or to better track products.
click2trade
17 years ago
Press Release Source: Edgetech Services, Inc.
Inova Technology Partners With IBM
Thursday May 10, 7:08 pm ET
SANTA MONICA, CA--(MARKET WIRE)--May 10, 2007 -- Inova Technology, formerly Edgetech Services, Inc. (OTC BB:EDGH.OB - News), is partnering with IBM through its recently acquired RFID subsidiary RightTag.
RightTag manufactures RFID (Radio Frequency Identification) equipment and provides RFID consulting. RightTag's RFID product line includes proprietary handheld and desktop RFID scanners, RFID printers, and tags.
RightTag has become a member of IBM's PartnerWorld and has commenced development of products that will make its RFID products compatible with various RFID solutions provided by IBM. IBM has already purchased several RFID readers from RightTag. After the development process is complete, RightTag products will appear on a catalog of IBM validated devices.
BUY ALL YOU CAN WHILE THE PPS IS < $1.00
mjc1
17 years ago
won't even speculate on that...
I've learned through experience to just evaluate each twist and turn as it comes, and make your trading decisions accordingly. It's right when you're confident that something is about to happen (technically), that the exact OPPOSITE thing occurs. I suspect the MM's are well versed on technicals as well, as they know many penny players follow them, so they try to suck as much money into their grubby little hands as possible, and create frustration and fear at the expense of the uninformed.
mjc1
17 years ago
Don't see much dilution at this point...
I like what I'm seeing with regards to the price/volume action. The indicators I'm looking at show minimal dilution after the two huge volume up days this month.
This of course, could change at any time. But as of right now, this consolidation looks good to me. I take it day by day and evaluate as such.
I attempt to identitfy and exploit temporary supply and demand imbalances; I stress the word "temporary" because they never last long. The MM's have enough tricks in their arsenal to rectify any situation where demand is trumping supply. In rare instances, that aforementioned imbalance cannot be righted immediately, and IMO that's when the big money is made in the short term. I see a potential setup for that here, but most setups don't materialize into the big winners. So I don't let my hopes get up too much. Minimal dilution and a re-acceleration of the volume are crucial, along with (of course) a stabilization and move higher of the PPS.
Fundamentals are a crapshoot with penny stocks. Most times you end up wating for the next piece of the puzzle, which never comes soon enough, if at all. Playing the news (the future) is a fools game; playing the charts (the present) is a better option IMO. Unless you have a very long timeframe.
dalcindo
17 years ago
Janeverite,
I only trade based on pure TA without any or very few knowledge of fundamentals regarding the underlying stock.
To answer your question regarding a most appropriate entry point:
In this case, as in my systematic approach, I refer to the RSI behavior, then to the price action. If RSI is > 50 and trends back towards its trendline (here, dashed green line, or "Green") while price is retracing, I wait until Green is hit as long as RSI > 50 condition is still valid.
Here, the scenario seems to apply.
Hope this helps.
Please, note that my discussion entries are for educational purposes only and do not constitute a financial advice or recommendation. Do your DD first, then trust your instinctive knowledge of the underlying stock.
Happy trading.
David Alcindor
Message In Reply To:
What's a good entry point now,...any thoughts - I am suprised this is trading this low given their clientelle list...just curious what people think.
dalcindo
17 years ago
Easy 1,2,3 Trading Using RSI (e.g.: EDGH)
Here is a succesful strategy that I have used to score with great consistency. The underlying rule here is the same as the old addage: "Go with the trend". So, first: Determine what the trend is ...:
(Technical analysis comments are annotated to illustrate the point, but also to answer your question)
GLTYA
Message In Reply To:
Thanks David:
Yes, That one fell thru the cracks...I did not take a position more on seeing the L2 ..seeing BRGE and SALI to offload their shares...
AS ADBN failed...I give you EDGH.Your comments...?
Thanks
Led
mjc1
17 years ago
smurf, here's a question...
which I doubt you will answer, but here goes anyway.
Since you can't short a penny stock (unless you're a slimy MM), and you apparently don't like the stock, why are you here? Do you have nothing better to do than to hang out on a message board for a stock you don't own or have no intention of buying? Or are you pompous enough to think that you can actually drive the price down by yourself?
Why are you here? If you're like every other basher I've seen, and I have no reason to believe you are anything different, I predict my question will fall on deaf ears.
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RagingStocks
17 years ago
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