Aug 17, 2006 (M2 PRESSWIRE via COMTEX News Network) --
SmallCap-Investors.com: OTC Stocks to Watch on Thursday, August 17th, 2006: CRVH, ACKHQ, XDSL, SEHO
Boca Raton, FL - SmallCap-Investors.com OTC Stocks to Watch on Thursday, August 17th, 2006 that appeared on www.SmallCap-Investors.com on Wednesday, August 16th, 2006: Chilco River Holdings, Inc (OTCBB: CRVH), Armstrong Holdings Inc. (OTCBB: ACKHQ), mPhase Technologies (OTCBB: XDSL), Sense Holdings, Inc.
mPhase Technologies (OTCBB: XDSL) announced Wednesday that it had joined the Oracle PartnerNetwork as a systems integrator, which the company said gives it the right to be included in the global business network's solutions catalog along with other benefits of network affiliation. mPhase Technologies Inc. develops and commercializes next-generation telecommunications and nanotechnology solutions.
XDSL closed Wednesday at $0.204, up 13.33% Sense Holdings, Inc. (OTCBB: SEHO), a biometric and explosive detection security technologies company for government and commercial security markets, announced Wednesday that it had received multiple new orders for its proprietary biometric identification solution ISO-TRACK(TM) from the United States Army. Aug 17, 2006 9:23:41 AM
Weston, FLA., Aug 17, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Wall Street News Alert's "stocks to watch" this morning are: Winning Brands Corp (OTC: WNBD), NanoSensors, Inc. (OTCBB: NNSR), Telkonet, Inc. (AMEX: TKO), Conexant Systems, Inc. (NASDAQ: CNXT) and mPhase Technologies (OTCBB: XDSL).
mPhase Technologies Board Approves Spinout of Ultra-Sensitive Magnetometer Business into Separately Traded Public Company; Move Designed to Unleash Shareholder Value with Promising Technology
Business Wire via COMTEX
Aug 17, 2006 9:15:05 AM
LITTLE FALLS, N.J., Aug 17, 2006 (BUSINESS WIRE) --
mPhase Technologies, Inc. (OTCBB:XDSL) today announced that its Board of Directors has approved the spinout of its ultra-sensitive magnetometer business into a separately traded public company. In anticipation of the move, the board has also approved the hiring of an investment-banking firm to advise on the capital structure needed to maximize shareholder value in the new company. The spinout is subject to shareowner approval.
"Our magnetometer development has proceeded swiftly through research into the development of a line of potential sensors with many target applications in multiple sectors," said Ronald A. Durando, mPhase chief executive officer and president. "This is the right time to spin out this business into a separate entity in order to unleash its inherent value to shareholders."
The new company, to be led by a new CEO to be hired, could immediately leverage intellectual property, partnerships and customer relations garnered in the 18-month magnetometer development program underway with Lucent Technologies Bell Labs.
As demonstrated by a jointly-developed Micro-Electro Mechanical Systems (MEMS) device, a prototype magnetometer has already been shown to detect the presence of a metal object from more than 30 feet away. With movements only perceptible under a microscope, the magnetometer prototype acts much like a miniature compass. By detecting changes in magnetic fields, it could be applied to pinpoint the direction of magnetic objects. The most recent test of a single un-cooled sensor device involved detection of a simulated rifle from a distance of approximately 30 feet, indicating that an array of sensors may be able to easily detect it from a far greater distance - possibly 100 or more feet away.
Market research indicates that initial applications for such magnetometers will be centered on national defense and homeland security. Among civilian users might be sporting venues, which could eliminate physical bag searches in order to speed security screenings in high-traffic entrances. The technology also lends itself to enhancing mobile phone global positioning (GPS) capabilities with direction-finding applications.
Aug 17, 2006 8:20:15 AM
Sarasota, FL, Aug 17, 2006 (M2 PRESSWIRE via COMTEX News Network) --
StockGrid.com OTC Stocks to Watch on Thursday, August 17th, 2006 that appeared on www.StockGrid.com on Wednesday, August 16th, 2006: Armstrong Holdings Inc. (OTCBB: ACKHQ), mPhase Technologies (OTCBB: XDSL), Sense Holdings, Inc. (OTCBB: SEHO):
mPhase Technologies (OTCBB: XDSL) announced Wednesday that it had joined the Oracle PartnerNetwork as a systems integrator, which the company said gives it the right to be included in the global business network's solutions catalog along with other benefits of network affiliation. mPhase Technologies Inc. develops and commercializes next-generation telecommunications and nanotechnology solutions.
XDSL closed Wednesday at $0.204, up 13.33%
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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