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Breaking News!! ZVTK "Zevotek Announces "Smooth Launch" for Ionic Bulb Sales":: Sign Up For Our Free Newsletter!!
(M2 PressWIRE Via Acquire Media NewsEdge) STOCK MARKETING INC PRESENTS : (PINKSHEETS: ZVTK) Zevotek, Inc., (OTCBB: MTCH) Matech Corp., (OTCBB: NEWN) New Energy Systems Group., (OTCBB: GISV) Global Investor Services, Inc., (OTCBB: CAMH) Cambridge Heart, Inc., (NASDAQ: ORBK) Orbotech Ltd.
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(PINKSHEETS: ZVTK - Zevotek, Inc.)
LATEST NEWS!!
Zevotek Announces "Smooth Launch" for Ionic Bulb Sales
NEW YORK, Dec 28, 2009 -- Zevotek, Inc., (Pink Sheets:ZVTK) (Frankfurt:T5V1), a worldwide direct marketer and distributor of innovative personal and home care items, today announced that customers who ordered Ionic Bulbs on Zevotek's www.newionicbulb.com website last week have already begun receiving their Ionic Bulbs. Commenting on the announcement, Zevotek's CEO, Adam Engel, said, "We are pleased to announce a smooth launch. It was important to get off to a quick clean start and have operations running smoothly in anticipation of ramped up sales volumes I expect from airing the Ionic Bulb infomercial nationwide. Our customers so far are often choosing to buy three or four Ionic Bulbs, which is a bigger sale than our two-bulb basic offer. I see that as an early positive sign." The Ionic Bulb is designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use compact fluorescent light bulb (CFL).
The Company previously announced that starting December 28, it will air its new 2-minute Ionic Bulb TV infomercial on U.S. cable channels. The Company announced that it is buying TV airtime to run the Ionic Bulb ad about 50 times between December 28, 2009 and January 3, 2010, with the ad expected to appear on FOXNews, Hallmark Movie Channel, History International, DIY Network, Planet Green, SOAPnet and New England Cable News Network. TV viewers of the Ionic Bulb infomercial can call a toll-free number to place orders for Ionic Bulbs.
About the Company: Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb. The Company sells the Ionic Bulb through TV infomercials and the Internet and plans to market Ionic Bulbs through catalogs, magazines and major U.S. retail and specialty stores. The Company's new 2 minute Ionic Bulb TV ad is designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek's Ionic Bulb infomercial airs on the Company's www.newionicbulb.com website.
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(OTCBB: MTCH - Matech Corp.)
LATEST NEWS!!
MATECH Expects to Benefit From Potential $150 Billion Surge in Federal Stimulus Spending
Highway and Bridge Construction to Comprise Significant Portion of Stimulus Expenditure
LOS ANGELES, CA, Dec 28, 2009 -- MATECH Corp. (OTCBB: MTCH) (www.matechcorp.com) is pleased to announce that Company expects to benefit from a substantial increase in federal spending focused on job creation through infrastructure development among other initiatives recently proposed by President Obama.
New highway and bridge construction and other infrastructure development projects would comprise a significant portion of this new spending initiative along with a focus on other potential job-generating programs such as small business tax cuts and retrofitting millions of homes to be more energy-efficient.
Using its revolutionary Electrochemical Fatigue Sensor (EFS) System, the only nondestructive technology capable of detecting growing cracks as small as 0.01 inches, MATECH expects to significantly benefit from the proposed increase in federal stimulus towards infrastructure development and maintenance projects. MATECH's Sensor EFS System has proven its efficacy on over 40 bridges in 10 different states and on railroads across the nation.
"President Obama has repeatedly called for using federal spending to secure the nation's infrastructure as a means of job creation and improving the economy," said Robert M. Bernstein, Co-CEO of MATECH. "Should these additional measures be taken, we anticipate that MATECH and our effort to secure the nation's infrastructure will benefit enormously." MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting-edge EFS System. Through eliminating subjectivity of inspections for cracking in bridge members (the FHWA has stated that 90% of these cracks are missed with the usual visual inspections), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.
About MATECH MATECH Corp., founded in 1983, is an engineering, research and development company based in Los Angeles, CA. The Company specializes in technologies to measure microscopic fractures in metal structures. MATECH is marketing its patented Electrochemical Fatigue Sensor (EFS) and other advanced crack-detection technologies to bridge asset managers, railroad companies, and governmental agencies across the United States and internationally. To learn more, please visit: www.matechcorp.com
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(OTCBB: NEWN - New Energy Systems Group.)
LATEST NEWS!!
New Energy Systems and Anytone to Showcase Products at 2010 International CES Exhibition in Las Vegas
NEW YORK and SHENZHEN, China, Dec 28, 2009 -- New Energy Systems Group (OTC Bulletin Board: NEWN), a manufacturer and distributor of battery components in China, today announced that the company will participate in the upcoming 2010 International CES Exhibition from January 7-10, 2010 at the Hilton Pavilion in Las Vegas.
New Energy Systems Group, along with its newly acquired subsidiary, Shenzhen Anytone Technology Co., Ltd. ("Anytone"), will showcase the company's full range of mobile phone power supplies, laptop power supplies, solar power supplies, AC/DC power supplies and batteries for the iPod and iPhone, at booth No. 46020 at the Hilton Pavilion. For further details about the exhibition, please visit http://www.cesweb.org .
"We look forward to showcasing our expanding suite of battery products and accessories at the world's largest consumer technology tradeshow in Las Vegas," commented Mr. Weihe Yu, Chairman of New Energy Systems. "Global demand for battery products is expected to increase in 2010, and we are ideally positioned to benefit from this trend. Our state of the art battery products generate 4-7 times more power than the original OEM battery's capacity and our power sources support some of the best known products in the world. With over 30 patents and deep R&D capabilities, our innovation and quick-turn capabilities have placed our company at the forefront of the industry. Moreover, following the recent merger of New Energy Systems and Anytone, we expect to benefit from broader resources, greater manufacturing capacity and increased efficiency due to our vertical integration, which will directly benefit our growing customer base of leading OEMs and retailers." About CES The International CES is produced by the Consumer Electronics Association (CEA), the preeminent trade association promoting growth in the consumer technology industry. CEA represents more than 2,000 corporate members involved in the design, development, manufacturing, distribution and integration of consumer electronics products. All profits from CES are reinvested into industry services, including technical training and education, industry promotion, engineering standards development, market research and legislative advocacy.
About New Energy Systems Group New Energy Systems Group is a leading manufacturer and distributor of lithium ion batteries. The company assembles and distributes finished batteries through its sales network and channel partners. The company also sells high-quality lithium-ion battery shell and cap products to major lithium-ion battery cell manufacturers in China. The company's products are used to power mobile phones, MP3 players, laptops, digital cameras, PDAs, camera recorders and other consumer electronic digital devices. Additional information about the company is available at http://www.newenergysystemsgroup.com .
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(OTCBB: GISV - Global Investor Services, Inc.)
LATEST NEWS!!
Global Investor Services, Inc. and Questrade(R) Inc. Sign Final Contract for On-line Investor Education and Analysis Platform
NEW YORK, Dec 28, 2009 -- Global Investor Services, Inc. (OTCBB:GISV) announced it has signed the final contract with Questrade(R) Inc. to provide Global Investor Services, Inc. (GIS) education and proprietary analysis tools to Questrade(R) clients.
The following highlights the importance of the agreement for Global Investor Services, Inc.
-- Self-directed investors using Questrade(R) services will now have access to the GIS education and analysis platform as Questrade(R) does not currently offer education or research tools on their site.
-- Questrade(R) will market GIS products and services to their existing large client base as well as to their 200,000 unique monthly visitors via e-mail notifications and website advertising through their customer support portal. Links will also be placed within the main Questrade(R) site and affiliate sites specifically for the purpose of lead generation.
-- Professional tools will now be available to on-line traders in Canada, which we believe will enable them to bring their trading strategies to a higher level.
The timely execution of this contract further solidifies the significance of providing individual investors with the necessary tools and information to manage their investment capital. Global Investor Services, Inc. plans to launch this platform to Questrade(R) clients in January 2010.
"We are extremely pleased to enter into this agreement with Questrade(R) and we believe that our investor education and analysis tools will provide significant benefits to their self-directed traders. Questrade(R) is committed to providing its clients with outstanding service, cost effective brokerage services and extensive training and innovative analysis," said Nick Maturo, CEO of Global Investor Services, Inc.
Questrade clients will have the ability to view a complete fundamental analysis of both US and Canadian traded securities along with a technical overlay of entry and exit points. In addition, the platform will provide a ranking of the healthiest companies based upon extensive fundamental analysis of growth, earnings and revenue.
About Global Investor Services, Inc: Global Investor Services, Inc. provides and delivers a comprehensive on-line program of investor education through its InvestView brand, offers proprietary investor search tools and trading indicators, distributes weekly newsletters, offers access to a live "state of the art" weekly Trading Room and one-on-one, personalized coaching. www.investview.com About Questrade(R) Inc.: Questrade(R) Inc., headquartered in Toronto, provides Canadians with high-speed, direct access trading in the U.S. and Canadian stock and option markets as well as forex trading. Since its inception in 1999, the company has grown and diversified, and is currently ranked as Canada's fastest-growing online brokerage. The company continues to demonstrate its competitive leadership with a combination of outstanding service, advanced technology and competitive pricing structures.
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(OTCBB: CAMH - Cambridge Heart, Inc.)
LATEST NEWS!!
Cambridge Heart Raises $1.8 Million in Private Placement
Short Term Warrants could provide $1.2 million of additional capital in 2010
TEWKSBURY, Mass., Dec 28, 2009 -- Cambridge Heart, Inc. (OTCBB: CAMH), today announced that it has completed a private placement of Series D convertible preferred stock, raising proceeds of approximately $1.8 million. No finder's fees or commissions were paid in connection with the financing. Under the terms of the financing, the Company issued and sold 1,852 shares of Series D convertible preferred stock, which have a senior liquidation preference, at a purchase price of $1,000 per share.
Each share of Series D convertible preferred stock is convertible into shares of the Company's common stock at a conversion price of $0.082 per common share, representing a 15% premium to the 20-day trailing average of the Company's closing common stock price as of December 21, 2009 (the "Closing Price"). The total number of shares of common stock initially issuable upon conversion of the Series D convertible preferred stock issued in the financing is 22,585,366.
In addition to the Series D convertible preferred stock, the Company issued two types of warrants to each investor: -- A "short-term warrant" that entitles the investor, for a period of one year, to purchase a number of shares of common stock equal to 50 percent of the number of shares of common stock into which the Series D convertible preferred stock purchased by each investor is convertible. The exercise price of this short-term warrant is $0.107 per share, or a 50% premium to the Closing Price. If these short-term warrants are exercised, an additional $1.2 million in capital would be raised in 2010.
-- A "long-term warrant" that entitles the investor, for a period of up to five years, to purchase a number of shares of common stock equal to 30 percent of the number of shares of common stock into which the Series D convertible preferred stock purchased by each investor is convertible. The exercise price of this long-term warrant is $0.142 per share, or a 100% premium to the Closing Price. If at anytime during the five-year term, the Company's common stock trades at $0.284 per share or higher for a period of 20 consecutive trading days, the Company can require the investors to exercise all remaining warrants, which would generate additional capital of approximately $900,000. The Series D financing was provided by institutional and individual investors, including existing shareholders. Three members of the Company's Board of Directors also participated in the financing and provided approximately 20 percent of the total capital raised.
"In addition to the participation of a new institutional investor, we are pleased that a significant portion of this financing was provided by existing shareholders and directors, which we believe demonstrates confidence in our technology and fundamental strategy," said Roderick de Greef, Chairman of the Cambridge Heart Board of Directors. "The warrants issued as part of this financing were structured so that if the Company is successful in executing its strategy, additional working capital can be generated within 12 months." "This financing provides working capital to continue our efforts to accelerate the adoption and utilization of our MTWA technology," said Dr. Haghighi-Mood, President and Chief Executive Officer of Cambridge Heart, Inc. "We recognize that the completion of this financing represents support for our OEM MTWA module strategy, and we look forward to continuing to execute on that strategy and achieving additional milestones in 2010." About Cambridge Heart, Inc.
Cambridge Heart develops and commercializes non-invasive diagnostic tests for cardiac disease, with a focus on identifying those at risk for sudden cardiac arrest (SCA). The Company's products incorporate proprietary Microvolt T-Wave Alternans(TM) measurement technologies, including the patented Analytic Spectral Method(R) and ultrasensitive disposable electrode sensors. The Company's MTWA test, originally based on research conducted at the Massachusetts Institute of Technology, is reimbursed by Medicare under its National Coverage Policy.
Cambridge Heart, founded in 1990, is based in Tewksbury, MA. It is traded on the Over-The-Counter Bulletin Board (OTCBB) under the symbol CAMH.OB.
http://www.cambridgeheart.com.
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(NASDAQ: ORBK - Orbotech Ltd.)
LATEST NEWS!!
Orbotech Announces Filing of Shelf Registration Statement
YAVNE, Israel, Dec 28, 2009 -- ORBOTECH LTD. (NASDAQ: ORBK) today announced that it has filed a shelf registration statement on Form F-3 with the United States Securities and Exchange Commission (the "SEC"). Under the shelf registration statement, once declared effective by the SEC, Orbotech Ltd. ("Orbotech" or the "Company") may offer and sell from time to time in the future, in one or more public offerings, up to $150 million of ordinary shares, warrants, subscription rights, debt securities or any combination thereof. The specifics of any future offering, along with the prices and terms of any such securities offered by the Company, will be determined at the time of any such offering and will be described in detail in a prospectus supplement filed at the time of any such offering.
The Company's shelf registration statement has been filed with the SEC but has not yet become effective, and until the registration statement is declared effective by the SEC the securities registered may not be sold, nor may offers to buy be accepted. This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any sale of the securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Any offering of the securities covered by the registration statement will only be by means of a prospectus and an accompanying prospectus supplement.
About Orbotech Ltd.
Orbotech is principally engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry. Orbotech's products include automated optical inspection (AOI), production and process control systems for printed circuit boards (PCBs) and AOI, test and repair systems for flat panel displays (FPDs). The Company also markets computer-aided manufacturing and engineering (CAM) solutions for PCB production. In addition, through its subsidiary, Orbograph Ltd., the Company develops and markets character recognition solutions to banks and other financial institutions, and has developed a proprietary technology for web-based, location-independent data entry for check processing and forms processing; and, through its subsidiaries, Orbotech Medical Denmark A/S and Orbotech Medical Solutions Ltd., is engaged in the research and development, manufacture and sale of specialized products for application in medical nuclear imaging. Of Orbotech's employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers' long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide. Orbotech's extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over. For more information visit www.orbotech.com.
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