MOUNT ARLINGTON, N.J., May 19, 2005 /PRNewswire-FirstCall via COMTEX/ -- Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT), a development stage company, today announced it plans to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity under the same name. The merger, combined with the previously announced agreement to acquire Warnecke Design Services, Inc. ("WDS"), scheduled to close before June 30, 2005, marks the completion of the Company's restructuring plan that will enable the execution of its acquisition and other development strategies. The transactions are expected to substantially improve the Company's balance sheet, increase the Company's annual revenue run rate in excess of $6 million with pre-tax margins of 7-12%.
The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Jim Grainer, president and chief financial officer of Incode Technologies, said, "Our reincorporation merger and corporate name change to Inseq provide an exciting new platform for future performance. We believe the efficient use of primary commodities and the intelligent reuse of secondary commodities by industrial manufacturers will increase profits and have a lasting positive implication on the environment by reducing the burden on natural resources and minimizing the disposal of wastes."
Grainer added, "We expect our pending acquisition of WDS will be the first in a series of strategic acquisitions that will help drive long-term growth. Our ability to rapidly strengthen our financial position will enable Inseq to successfully emerge as a leading provider of value-added primary and secondary commodities management services and products."
Primary commodities include raw materials that are extracted and refined from natural resources for use by manufacturers worldwide in their production processes. These processes invariably result in the production of partially consumed, or secondary, industrial by-products that often have reuse potential but are instead discarded. Inseq intends to facilitate the efficient utilization of primary and secondary commodities through the following activities:
* Manufacturing - The Company intends to acquire manufacturers whose operations are readily amenable to increased cost-efficiencies by (a) consuming less primary commodities and more secondary commodities, and (b) minimizing the production of non-reusable by-products while ensuring that all reusable by-products are either reused on-site or returned to commerce. The Company intends to target companies with compatible processes and by-products to increase the accretive impact of these acquisitions.
* Distribution - Secondary commodities mostly just require distribution from their point of origin to a manufacturer capable of reusing the raw material in another production process. The Company intends to develop an online secondary commodities trading portal that will enable the increased distribution of these materials. The Company intends to acquire distributors of selected high-volume liquid classes of secondary commodities in metals, chemicals, fuels and plastics. The Company also intends to use its new portal to ensure the cost- effective distribution of secondary commodities from, and the reuse by the Company's planned internal manufacturing operations.
* Technology - The Company intends to acquire technologies that facilitate greater efficiencies in (a) the use of primary and secondary commodities and (b) the minimization of waste. Qualified technologies must meet either or both of these goals and be readily amenable to cost-effective commercialization.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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(...)The transactions are expected to substantially improve the Company's balance sheet, increase the Company's annual revenue run rate in excess of $6 million with pre-tax margins of 7-12%. (...)
Posts: 2691 | Registered: Dec 2003
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posted
Yes....I also believe this still has some room to move..
-------------------- It is impossible to make anything foolproof because fools are so ingenious. Posts: 3311 | From: St. Louis | Registered: Feb 2005
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posted
Hey guys, I'm new here. I've been watching the boards for a couple of months now and I'm staying about even on my ups and downs on ameritrade. I bought in yesterday at .0016, and I'm not sure what is going on today. Any suggestions as to a good sell price?
-------------------- If you can't get in low, get in lower. Posts: 61 | From: Abbottstown, PA | Registered: Jun 2004
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MOUNT ARLINGTON, N.J., May 23 /PRNewswire-FirstCall/ -- Incode Technologies Corporation ("Incode") (OTC Bulletin Board: ICDT), president and chief executive officer Jim Grainer issued the following letter to its shareholders: Dear Shareholders: I am pleased to have this opportunity to communicate with you as we begin our exciting transition from a development stage company to what we plan to be substantial operations. We have accomplished much since transitioning from the Company's former apparel operations. During the past six months, we chiefly focused on the completion of our restructuring plan, the primary goal of which was to set the foundation for future growth. We successfully disposed of the Company's prior non-performing operations, acquired the core platform and other technologies that will be integral to our operations moving forward, hired critical new talent, executed an agreement to acquire a profitable manufacturer with substantial revenue, and, just last week, announced plans to complete a reincorporation merger with our subsidiary, Inseq Corporation, and to change our brand identity to Inseq. After completion of this merger, we will market ourselves under the brand Inseq, which stands for the International Secondary Commodities Exchange, and our mission is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. In total, our efforts have reconstituted our balance sheet, refined our mission and primed us for long-term growth with an exciting, important and timely business model. Strategic Plan Our plans for the remainder of this year are mostly based on rational growth through acquisition and include the following key tactics: * Target and complete acquisitions that add revenue and profits, and strengthen our balance sheet; * Use favourable and cost-effective sources of financing that minimize our cost of capital and maximize our long-term shareholder wealth; and, * Focus on acquisitions that specifically enhance our capabilities in each of our intended new operational groups: (a) manufacturing, (b) distribution and (c) technology design and development.
Institutional Investment We have been fortunate to have had the backing and support of institutional investors during our restructuring, including Cornell Capital Partners, LP, and GreenShift Corporation, our chairman's investment company. We expect to continue to have the support of each with favourable and cost-effective terms as we execute moving forward. In closing, I think it is important to point out that we are now well positioned to build Inseq into a leading provider of value-added primary and secondary commodities management services and products -- and we have every intention of doing so. While it has been slow going, and we appreciate having had your patience during these past six months, we are pleased with our progress and we are very enthusiastic about our prospects for growth. We are grateful for your continued support and involvement. I look forward to our next communication. Best Regards, Jim Grainer President and Chief Executive Officer Inseq Corporation
About Incode Technologies Corporation Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005. Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity under the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics. More information on Inseq is available online at http://www.inseq.com. Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies that positively impact the use of natural resources. Safe Harbor Statement This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. SOURCE Incode Technologies Corporation
Contact Information: Jim Grainer, President and Chief Financial Officer of Incode Technologies Corporation, +1-973-398-8183; or Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide for Incode Technologies Corporation
posted
ICDT looks great for the week from here imo. Should test that 0026 range again in the next day or two, once that level is achieved, it will breakout. There have been quite of few of the sub penny breakouts over the last couple of weeks. I think this one is next...
-------------------- No one ever lost money taking a profit. Remember that. Posts: 381 | From: Clearwater, FL | Registered: Apr 2005
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Incode Technologies Commences Development of Secondary Commodities Trading Platform
Tuesday , May 24, 2005 14:00 ET
MOUNT ARLINGTON, N.J., May 24, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT), a development stage company, today announced it has commenced the development of its new, proprietary secondary commodities trading platform to be called the International Secondary Commodities Exchange.
The trading platform will be based on a hybrid of auction and trading technologies and builds on the technologies acquired by the Company in late 2004. The International Secondary Commodities Exchange will enable increased distribution of secondary commodities from their point of origin to a manufacturer capable of reusing the material as a substitute for a virgin raw material in another production process.
Primary commodities include raw materials that are extracted and refined from natural resources for use by manufacturers worldwide in their production processes. These processes invariably result in the production of partially consumed, or secondary, industrial by-products that often have reuse potential but are instead discarded.
Steve Beebe, the Company's chief technology officer and lead platform developer, said, "We strongly believe that Inseq can effectively reduce the consumption of natural resources by increasing the use of partially used resources. We are pleased to initiate the development of this platform and look forward to launching our initial service later this year."
Revenue Model
The Company plans to generate revenue from the new platform in the form of transaction fees from its auctions, but also by making a market in key high-volume liquid subsets of secondary commodities, including certain metals, chemicals, fuels and plastics.
The Company also plans to purchase and sell Renewable Energy Certificates (RECs), or green tags, through its platform. This will enable retail residential and non-residential consumers to purchase green, or environmentally friendly, energy through their existing utility and offset reliance on power generated from fossil fuel sources. RECs represent all of the positive environmental attributes of renewable power generation from sources such as solar and wind power and can be purchased and used by consumers regardless of whether or not their local utility has access to green power generation.
Jim Grainer, the Company's president and chief executive officer, added, "We are particularly excited by the strong prospects of our trading platform and plan to augment its development through the acquisition of distributors of selected high-volume secondary commodities that we believe will enhance our direct trading capabilities."
Secondary Commodities Markets
Manufacturers worldwide use raw materials in their production processes. These processes invariably result in the production of partially consumed industrial by-products - chemicals, fuels, metals, plastics and paper, which often have reuse potential or can be recycled back into commerce. These by-products, or secondary commodities, are the basis of a multi-billion dollar industry that spans the global economy.
Producers of secondary commodities either pay for or are paid for their by-products by brokers, who route these materials to manufacturers worldwide for reuse as raw materials in other production process. While global in scale, the secondary commodities markets are inefficient and highly fractionalized due to the absence of any meaningful exchange of market information. By contrast, commodities such as gold and oil are fungible today largely because of the existence of markets that enable buyers and sellers to efficiently interact. The Company's belief is that there exists an opportunity to create a pricing mechanism to more efficiently facilitate the exchange of commodities and raw materials.
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity under the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies that positively impact the use of natural resources.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Incode Technologies Corporation, +1-973-398-8183; Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, or Garth Russell, +1-212-896-1250, grussell@kcsa.com, both of KCSA Worldwide for Incode Technologies Corporation
GreenShift to Launch Industrial Design Initiative Wednesday May 25, 12:12 pm ET Innovative Industrial Design Group to Focus on Greengineered Solutions to Environmental Problems
MOUNT ARLINGTON, N.J., May 25 /PRNewswire-FirstCall/ -- GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced it plans to launch a new industrial design initiative to deliver innovative, cost-efficient and environmentally proactive 'greengineered' solutions. GreenShift's new industrial design initiative launches this quarter and will be administered by GreenShift Industrial Design Corporation ("GIDC"), a privately held GreenShift portfolio company. GreenShift expects GIDC to acquire, develop and market powerful new green technologies and to generate revenue initially from royalties, the sale of specific products and technologies, and, starting in 2006, from the provision of customized greengineering services to third party clients.
"Supporting the environment is about efficiency and profit," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "We believe that an important way to make this real is through intelligent design, and our expectation is that compelling environmental problems can be favourably, and measurably, impacted in fundamental ways merely by incorporating green engineering considerations into design."
"This can include simply designing a product to be recycled, or engineering a manufacturing process to consume and dispose less and recycle more, or inventing an innovative new green technology. Such greengineered solutions are important and, we believe, are a critically necessary responsibility for designers of modern industrial processes," added Kreisler.
"GIDC's ambition is to deliver greengineered solutions to consumers and businesses that positively impact important environmental problems," Kreisler said. "We intend to accomplish this initially through investment in technology. Technologies exist today that make possible incremental gains in resource management but that are also levers that can bring to pass quantum improvements in environmental conditions. These technologies typically lack the proper support - be it management, infrastructure, funding or the volume inherent in economies of scale - and can be brought to market in a meaningful way with the right support. We intend to provide that support where we can."
GIDC plans to initially focus on the acquisition, development and marketing of benchmark green technologies and products that accomplish the following key goals:
* Reduce the volume of waste generated by residential and commercial consumers; * Increase the convenience and decrease the cost of recycling by residential and commercial consumers; * Increase the efficiency of and decrease the waste produced in the manufacturing of lighting products; and, * Increase the cost-efficiency of processing certain types of industrial wastes.
"Chief among these goals is our goal to deliver consumer oriented greengineered solutions that reduce waste at the source and make it easier for people and businesses to recycle," Kreisler added. "We have specifically targeted a number of technologies for these solutions that we expect to license or acquire as we staff up and secure our initial funding over the next couple of months."
GIDC expects to use the technology design, prototyping and manufacturing capabilities of one of its portfolio companies, Inseq Corporation (OTC Bulletin Board: ICDT - News), upon the completion of Inseq's planned acquisition of Warnecke Design Services, Inc., to commercialize the planned new technologies and, thereafter, to manufacture products based on those technologies once they are ready to be marketed.
GIDC also expects that it will design and deploy custom applications of its initially targeted technologies to increase the cost-efficiency of the recycling capabilities of Veridium Corporation (OTC Bulletin Board: VRDM - News), another GreenShift portfolio company.
About GreenShift Corporation
GreenShift Corporation (OTC Bulletin Board: GSHF - News) is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding. Importantly, among the regulatory requirements applicable to BDCs are rules mandating the use of investment criteria that are based on fundamentals and intrinsic value.
GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of growth stage public and private businesses and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges. GreenShift's current portfolio includes investments in the following environmentally proactive companies:
In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.
Additional information regarding GreenShift Corporation is available online at http://www.greenshift.com.
Safe Harbor Statement
This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of GreenShift Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
posted
NEWS...WDS is profitable and brings in excess of $6 million
Incode Completes Acquisition of Warnecke Design Service
Tuesday , May 31, 2005 08:01 ET
MOUNT ARLINGTON, N.J., May 31, 2005 /PRNewswire-FirstCall via COMTEX/ --Incode Technologies Corporation (the "Company") (OTC Bulletin Board: ICDT) today announced the completion of its acquisition of Warnecke Design Service, Inc. ("WDS").
WDS, located in Ottoville, Ohio, is a specialty metal manufacturer that produces equipment for an array of industries and provides design, development, manufacturing, installation and maintenance services for its clients. WDS' customers include electronics, automotive, plastics and other manufacturers, including several Fortune 500 companies. WDS is profitable and brings in excess of $6 million in annualized gross sales to the Company.
Jim Grainer, president and chief financial officer of the Company said that: "We are very excited to have completed this acquisition. WDS is profitable and brings a strong core business with a stable base of repeat customers. They have a great team of engineers and design professionals and their operations are strategic to our manufacturing, distribution and technology design and development plans."
Earlier this month, the Company announced its plans to complete a reincorporation merger with its subsidiary, Inseq Corporation, and to change its brand identity to Inseq, which stands for the International Secondary Commodities Exchange. The Company's new mission is to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
"We are going to need direct manufacturing, distribution and technology design and development capabilities to realize our mission and build each of our intended operational groups," added Grainer. "WDS brings substantial design, prototyping and manufacturing resources that we expect will be vital as we develop into our model."
"I am very excited by the completion of this acquisition," added Tony Warnecke, who will continue with the Company in his role as president of WDS. "While Inseq provides WDS with opportunities for additional growth through the continued acquisition of compatible manufacturing capabilities, and cost savings through their planned on- and off-line distribution capabilities, Inseq also brings some additional opportunities that I find extremely exciting. I believe there is a need for what Inseq is gearing up to do and I am looking forward to contributing in any way that I can."
About Incode Technologies Corporation
Incode Technologies Corporation is a development stage company that was formed to acquire, develop and commercialize eBusinesses with integrated on- and offline operations. Incode's core focus during 2005 has since been the completion of its restructuring plans to best position the Company for growth. In addition to deploying the planned portal during 2005, Incode intends to acquire and integrate a series of strategically compatible companies during 2005.
Incode expects to complete a reincorporation merger with its wholly owned subsidiary, Inseq Corporation, and change its corporate brand identity to the same name in June 2005. The new company will be marketed under the brand Inseq, or International Secondary Commodities Exchange. Inseq's mission will be to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics.
Incode is 70% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), a business development corporation whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Incode Technologies Corporation, and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
SOURCE Incode Technologies Corporation
Jim Grainer, President and Chief Financial Officer of Inseq Corporation, +1-973-398-8183, +1-973-398-8037 (fax), investorrelations@inseq.com; Michael Cimini, +1-212-896-1233, mcimini@kcsa.com, Garth Russell, +1-212-896-1250, grussell@kcsa.com both of KCSA Worldwide for Incode Technologies Corporation
Inseq Corporation and UTEK Corporation Announce Strategic Alliance to Identify Technology Transfer Opportunities
Thursday , June 02, 2005 08:00 ET
MOUNT ARLINGTON, N.J. & PLANT CITY, Fla., Jun 02, 2005 (BUSINESS WIRE) --Inseq Corporation (OTCBB:ICDT), a facilitator of the efficient utilization of primary and secondary commodities, and UTEK Corporation (AMEX:UTK) (LSE-AIM:UTKA), an innovative technology transfer company, announced jointly today the signing of a Strategic Alliance Agreement.
Kevin Kreisler, Inseq's Chairman, said, "We are very pleased to retain UTEK to help identify proprietary technology acquisition opportunities to potentially assist in our mission to facilitate the efficient utilization of primary and secondary commodities including metals, chemicals, fuels and plastics."
"UTEK looks forward to working with Inseq Corporation to identify potential technology acquisition opportunities that fit its strategic vision," commented Clifford M. Gross, Ph.D., Chairman and Chief Executive Officer of UTEK.
Through its strategic alliance agreements, UTEK assists companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are generally cancelable by either party with thirty days advance written notice.
About Inseq Corporation
Inseq Corporation's mission is to facilitate the efficient utilization of primary and secondary commodities inducing metals, chemicals, fuels and plastics. For more information about Inseq, please visit its website at http://www.inseq.com
Inseq Corporation is 70% owned by GreenShift Corporation (OTCBB:GSHF), a business development company whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and contribute to the resolution of environmental challenges.
About UTEK Corporation
UTEK(R) is a leading, market-driven technology transfer company that enables companies to rapidly acquire innovative technologies from universities and research laboratories. UTEK facilitates the identification and acquisition of external technologies for clients in exchange for their equity securities, while allowing research institutions to receive 100% of the royalties. This unique process is called U2B(R). UTEK transfers proprietary technologies with potential commercial applications to companies seeking product differentiation resulting in a strategic marketplace advantage. UTEK has operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at http://www.utekcorp.com.
Forward-Looking Statements
Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words, such as UTEK or Inseq "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or Inseq's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of UTEK or Inseq, as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and Inseq believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UTEK and Inseq do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining to an investment in UTEK, please refer to UTEK's filing with the Securities and Exchange Commission.
SOURCE: UTEK Corporation
Inseq Corporation, Mount Arlington Jim Grainer, 973-398-8183 or For UTEK Corporation USA Porter LeVay & Rose Michael Porter, 212-564-4700 or UK Bankside Consultants Steve Liebmann or Susan Scott, +44 (0) 20-7444-4140
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