This got up to 0.31 today and leveled back off at 0.25 for the close. Resistance now shows 0.39. I think this will run again tomorrow. Good eye counselor......ION Networks, Inc. (ION), incorporated in 1999, designs, develops, manufactures and sells network and information security and management products to corporations, service providers and government agencies. The Company's hardware and software products are designed to form a secure auditable portal to protect information technology (IT) and network infrastructure from internal and external security threats. Its network and information security solution operates in the Internet protocol (IP), data center, telecommunications and transport and telephony environments. In addition, to hardware/software products the Company offers an array of repair and maintenance programs. Services revenue is typically generated from integration and maintenance services in conjunction with the sale of ION solutions.
For the three months ended 3/31/04, revenues rose 18% to $905 thousand. Net loss fell 63% to $323 thousand. Results reflect an improved economic environment, and sharply reduced executive compensation.
Software and Hardware Products
The ION Secure product suite provides ION customers with secure access, authentication, authorization, audit and administrative functions. ION Secure solutions include ION Secure PRIISMS centralized management software 2000, 3000 and 5000 Series security appliances and ION Secure Soft Tokens. These solutions are based on ION proprietary software and hardware developed and maintained by the Company. ION network and information security solutions use the same single-purpose embedded ION Secure Operating System (ISOS) software on all security appliance models, with the goal of simplifying the management of thousands of IT and telecommunications infrastructure devices such as servers, routers, LAN switches, PBXs, messaging systems and multiplexers. ION solutions are designed to enable administrators to securely configure, troubleshoot and manage geographically dispersed infrastructure devices from central operations centers, reducing costly on-site visits, service disruptions and skilled personnel requirements. ION network and information security solutions can be used in a variety of networks including TCP (transmission control protocol)/IP-data, PBX-telephony, telecommunications and data centers ranging in size from one to thousands of infrastructure devices. ION solutions are designed to be fully compatible with information security solutions offered by, among others, Cisco, Check Point and Nortel Networks.
Through its Web-based user interface, PRIISMS provides connectivity to a range of managed endpoints from a plethora of vendors and platforms. This scalable portal application enables authenticated administrators to configure, troubleshoot and manage geographically dispersed critical infrastructure devices from central operations centers within a secure environment. PRIISMS also provides centralized, round the clock surveillance and provisioning across the entire suite of ION Secure 2000, 3000 and 5000 security appliances.
The ION Secure 2500 security appliance combines access, console and alarm functions into a single centrally manageable solution. With support for up to two physical console ports and up to two logical IP endpoints, the 2000 series is targeted at small, remote branch office locations with need for secure remote management.
The ION Secure 3100, 3200, 3300 and 3500 security appliances combine access, console, alarm and site management functions into a single centrally manageable solution. With support for up to 28 physical console ports and up to 32 logical IP endpoints, the 3000 series protects user access and control for a wide variety of infrastructure devices requiring in-band and out-of-band access.
The ION Secure 5010 and 5500 supports the same ISOS features as the 3000 series, providing support for up to 28 console ports and 64 IP enabled endpoints. With a LINUX core and integrated virtual private network (VPN) router capabilities, the 5000 Series appliances are able to securely carry administrative traffic through an intranet or a public network via IPSec tunnel. The 5000 Series is specifically targeted at higher-end data center, server farm and IP-rich environments.
ION Secure soft tokens are simple to use. Each user may be assigned a disposable ION Secure Soft Token via email or web, which can be loaded onto a Windows, RIM Blackberry or PalmOS device. Each time the user requests connectivity to PRIISMS they are challenged to enter additional criteria generated by the token that will positively identify them to the portal. ION Secure soft tokens utilize strong 3DES (Triple Data Encryption Standard) encryption and can be quickly activated and deactivated through PRIISMS. Employees, business partners and customers can use ION Secure tokens whether local, remote or mobile.
ION customers can be categorized based on three market segments: Enterprises, Service Providers and Governmental Agencies. The Enterprise market consists of non-governmental organizations that do not provide goods or services from a network infrastructure, but rather use their network infrastructure as a platform to provide their own goods or services. The service provider market consists of businesses that use their network infrastructure to provide services to their customers, including specific sectors such as transport service providers, local exchange carrieers, long-distance carriers, cable telephony and optical network providers, managed service providers, broadband service providers and wireless service providers. The Government market consists of domestic and foreign governmental agencies that do not provide services from a network infrastructure, but rather use their network infrastructure as a platform to provide their own goods and services.
Services
The Company offers its customers a range of support services under the ION SecureCare brand that includes electronic support, product maintenance and personalized technical support services on a worldwide basis. The ION SecureCare offering includes ION round the clock support. This support offering provides replacement for failing hardware, telephone and/or web-based technical support and software updates. Incentive programs are offered to ION SecureCare customers to provide added benefits for upgrading to newer products.
The Company competes with RSA Security, ActivCard, Check Point Software, Symantec, Cisco System, Microsoft, Novell, SafeNet, Network Associates, SonicWall, NetScreen Technologies, MRV Communications and Teltronics.
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ION Networks Renews OEM Relationship with Avaya
Monday August 9, 5:15 pm ET
SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--Aug. 9, 2004--ION Networks, Inc. (OTC: IONN.OB - News), a provider of security solutions to control, monitor and manage external and internal administrative access to networks - today announced that it has renewed it's Original Equipment Manufacturer (OEM) agreement with Avaya, a leading global provider of business communications software, systems and services. Under the new three-year agreement, ION will continue to supply the ASG Guard family of network security appliances and centralized management software.
Based on the ION Security Solution, the Avaya ASG product family secures administrative interfaces of Avaya's range of products such as Avaya's suite of IP-based MultiVantage(TM) Communications Applications. This includes Avaya Communication Manager - the company's award-winning IP telephony software - as well as Modular Messaging and Avaya Dialer, providing secure remote access, multi-factor authentication, 3DES encryption and authorization for network administrators.
"We are pleased that Avaya continues to see the value in our relationship as it remains one of our most significant channels," said Norman Corn, CEO of ION Networks. "We recognize the importance of partnering with industry leaders and look forward to expanding our work with Avaya as they address the growing security needs of their global customer base."
In addition to the ASG Guard and Guard II, Avaya will also market ION's PRIISMS Secure Management System as ASG Guardian.
"I am pleased that we have extended our OEM agreement," said Mehrdad Nadooshan, Chief Technology Officer of Avaya Global Services. "Combined with our secure remote access technologies, the ASG solution satisfies the critical security needs of our customers in terms of authentication, authorization, and scalability. Infrastructure security and protecting against administrative level threats is an extremely critical issue for our customers, and I look forward to further collaboration with ION to meet the wide range of our customers' security needs."
About ION Networks
Since 1984, ION Networks has delivered proven security solutions for enterprises, service providers and government agencies. With more than 50,000 devices deployed worldwide, ION solves a fundamental secure access problem for some of the world's largest companies including Avaya, AT&T, American Express, MCI, Intel, Wachovia, Citigroup and Cogent. More information can be obtained from www.ion-networks.com.
Contact:
ION Networks
Henry Gold, 908-546-3900
henry.gold@ion-networks.com
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Department of Defense Adds ION Networks to Approved Products List for Network Access Security
Monday August 16, 5:00 pm ET
SOUTH PLAINFIELD, N.J.--(BUSINESS WIRE)--Aug. 16, 2004--ION Networks, Inc. (OTC: IONN.OB - News) - a provider of network security solutions to control, monitor and manage external and internal administrative access - today announced that its software and hardware products have been added to the Voice Network Approved Products List by the United States Department of Defense.
"We are proud to be the only out-of-band secure access solution approved by the DoD," said Norman E. Corn, CEO of ION Networks. "Despite the rigorous and comprehensive nature of the Defense Department's testing, the ION solution met the challenge."
Mr. Corn added, "ION's security solution integrates its centralized PRIISMS software for access and administration with distributed 5500 appliances for local security and monitoring and soft tokens for strong two-factor, one-time authentication."
Sponsored by the Marine Corps and conducted by the Joint Interoperability Command (JIC) and Information Assurance (IA) teams, the testing evaluated the effectiveness of ION's solution to secure remote access for critical infrastructure devices including routers, switches, servers, and other components in voice and data networks. ION's products are the first security solutions to comply with critical interoperability and information assurance testing requirements, and are now approved for deployment on the Defense Switched Network (DSN.)
"With the growth of Voice over IP and convergence of voice and data networks, combined with new requirements for secure communications, DoD elements must meet stringent security requirements for remote access to administrative interfaces of communications devices installed on the DSN. The DSN is the "Ma Bell" of DoD providing voice, video and data services to our Armed Forces worldwide," said Greg Youst, an Artel consultant. Artel provides and conducts security services supporting the DSN. Mr. Youst continued, "By implementing the approved ION Solution, DoD base telecom organizations will meet Defense Information Systems Agency (DISA) Field Security Office (FSO) requirements for 2-factor authentication and other stated requirements to secure the management ports of any communications device on the Network."
"Conventional perimeter and application security initiatives are essential, but they do not address a critical security vulnerability, attacks by 'trusted' insiders," stated Bill Whitney, ION's CTO. "Our solution enhances the effectiveness of widely deployed security devices such as firewalls, intrusion detection and anti-virus, by deterring attacks while minimizing vulnerability to malicious and inadvertent actions."
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Income Statement Get Income Statement for:
View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 30-Jun-04 31-Mar-04 31-Dec-03 30-Sep-03
Total Revenue 606 905 815 888
Cost of Revenue 191 297 203 215
Gross Profit 416 608 612 674
Operating Expenses
Research Development 140 120 125 116
Selling General and Administrative 478 713 515 455
Non Recurring - - - (213)
Others 106 116 133 164
Total Operating Expenses - - - 522
Operating Income or Loss (308) (341) (161) 152
Income from Continuing Operations
Total Other Income/Expenses Net 0 20 0 8
Earnings Before Interest And Taxes (308) (321) (161) 160
Interest Expense 1 2 3 2
Income Before Tax (309) (323) (163) 159
Income Tax Expense - - (227) -
Minority Interest - - - -
Net Income From Continuing Ops (309) (323) 64 159
Non-recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect Of Accounting Changes - - - -
Other Items - - - -
Net Income (309) (323) 64 159
Preferred Stock And Other Adjustments - - - -
Net Income Applicable To Common Shares ($309) ($323) $64 $159
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IONN - ION NETWORKS (OTCBB)
Date Open High Low Last Change Volume % Change
09/01/04 0.1600 0.3100 0.1600 0.2500 +0.0900 647405 +56.25%
Composite Indicator
Trend Spotter TM Buy
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Buy
20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy
20-Day Average Volume - 124480
Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Buy
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy
50-Day Average Volume - 67254
Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy
100-Day Average Volume - 54253
Overall Average: 100% - Buy
Price Support Pivot Point Resistance
0.2500 0.0900 0.2400 0.3900
http://quote.barchart.com/texadv.asp?sym=IONN
http://quote.barchart.com/texsnap.asp?sym=IONN
http://stockcharts.com/def/servlet/SC.web?c=IONN,uu[m,a]daclyyay[pb50!b20][vc60][iUb14!La12,26,9]&pref=G
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I think this has plenty of play left in it...........
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You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
DaDog
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