posted
soen dropping, how low you think it will go? i played the initial run, looking to get in on the bounce! thinking 1.10-1.15 but only if it does a penant
Posts: 3086 | From: miami | Registered: Nov 2005
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Press Release Source: Stinger Systems, Inc.
Taser Loses Right to Enforce Its United States Patent 5,936,183 Thursday January 10, 9:15 am ET United States Patent and Trademark Office Refuses to Reinstate Patent
TAMPA, Fla., Jan. 10 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (OTC Bulletin Board: STIY - News), a leader in electro-stun technology today announced that Taser's patent 5,936,183 is cancelled. On advice of its attorneys James McNulty and Leonard Tachner, Stinger Systems, Inc. filed on December 21, 2007 with the Commissioner of Patents a request for reexamination of Taser International, Inc.'s (Nasdaq: TASR - News) intellectual property. Stingers allegations against Taser in federal case CV-07-0042-PHX-MHM, Taser's patents 6,626,412, 7,075,770 and 7,234,262. ADVERTISEMENT
Research for this valuable and formerly patent protected technology for a much touted non-lethal alternative to the anti-personnel land mine was funded by the United States government and undertaken jointly with the General Dynamics Corporation.
Robert Gruder, C.E.O. of Stinger Systems, Inc. commented, "Stinger's attorneys advise that Stinger may rely on this abandonment to develop and manufacture its own versions of this non-lethal land mine technology. With Taser's losing its right to enforce its patent for this valuable technology, Stinger is now seriously evaluating competitive entry into the industry and market for non-lethal landmines."
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc- pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com.
FORWARD-LOOKING STATEMENTS
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
Hired gun paid big to shock sales Stinger Systems is counting on ex-cop Richard "Bo" Dietl's influence. By SCOTT BARANCIK, Times Staff Writer Published January 15, 2008
[Handout] Richard "Bo" Dietl says he will promote Stinger's stun gun on radio and TV, where he frequently appears. --------------------------------------------------------------------------------
Business News Video
Which company boasts the Tampa Bay area's highest-paid board member?
Forget about giants like Tech Data Corp. and Jabil Circuit. The most generous public firm locally may be Stinger Systems, a Tampa stun gun maker that welcomed director Richard "Bo" Dietl last week with options to purchase 1-million shares of its stock at just 20 cents per share. Sale of the stock at Monday's closing price of $1.20 per share would earn Dietl a cool $1-million profit.
Stinger is an unlikely standard-bearer for corporate excess. The troubled eight-person company lost $4.5-million in the third quarter on revenue of just $48,000. Its chairman and CEO, Robert F. Gruder, earned a relatively paltry salary of $250,000 in 2006. Two prior board appointees received options to purchase just 20,000 shares of stock apiece.
But if his first week on the job is any indication, Dietl - an ex-New York City homicide detective whose autobiography was turned into a Hollywood movie - may be worth his pay. On Monday, the voluble 57-year-old used an appearance on Don Imus' radio program to accuse stun gun leader Taser International of faking test results and offered the Scottsdale, Ariz., firm $100,000 to submit to a "fair" side-by-side test. Shortly before that, Dietl said, he and Los Angeles police Chief William Bratton attended a demonstration of Stinger's stun gun at the Los Angeles police academy. Dietl, who vowed to hold his Stinger stock for the long term, promised to promote the company during his frequent appearances on Fox News.
"Oh, I'm going to be everywhere," he said. "I want to see every police officer have a Stinger."
Stealing market share from industry leader Taser will not be easy for Stinger, which did not respond to interview requests Monday. Its 2006 revenue of less than $500,000 was dwarfed by Taser's $67.7-million. But Dietl claims Stinger's stun guns are as good as or better than Taser's at just half the price. The companies are fighting in federal court over mutual charges of patent infringement and false advertising. But the message could prove to be an effective marketing tool with police chiefs, with whom Dietl is notably chummy.
"I'm not in it to make the stock go higher without building a foundation of sales," he said.
Times researcher Carolyn Edds contributed to this report. Scott Barancik can be reached at barancik*sptimes.com or (727) 893-8751.
Was down most of yesterday but rallied back to opening position. Could take off anytime, the pending lawsuit could be keeping money away. Time will tell but I think this is going to be big. jmo
-------------------- Let's Go METS!!! Posts: 1528 | From: CT | Registered: Dec 2006
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I use scottrade and did research thru that site. But the show using statements to mislead law enforcement about radar guns that were still in R+D and not complete.Probably sold to Ohio.
posted
yea dow jones news on my news streamer. the company has still not posted it yet suspiciously.
Posts: 3086 | From: miami | Registered: Nov 2005
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I think im going to hold through this. Just a fishy thought that its already taken the beating of this news. Its nothing really new, just a action on what happened two years ago... the stock price already reflected that and sunk back then.. everyone already knew this happened, so no big surprise now.
Im not sure what the stock price will do now, but seing how i woke up and it was already this low.. and its not a huge chunk of my portfolio, ill hold her through.
Bummer for now.
Posts: 852 | From: Az | Registered: Sep 2006
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