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Author Topic: ASVN ready to move?
JIF
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We're back to the floor here. We could see a correction back to .05 like we did about three weeks ago.

Keep an eye out!

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JIF
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still sitting at .0075. Looking for an upward correction to .05

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JIF
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ASI Director to Guest Lecture to Merchant Marine Academy

KINGS POINT, NY – Bob Frucci, ASI Mid-Atlantic Region Director will serve as a guest instructor for Logistics and Intermodal Transportation at the U.S. Merchant Marine Academy on March 27 and 28.

Frucci will share his expertise in transportation shipping, security and operations and lecture on this dynamic industry.

“I am thankful for the opportunity to meet with the future leaders in the transportation industry and examine some of the critical issues that effect terminal operations,” Frucci said. “We are at a very important point for the transportation industry. Congestion, globalization, security, aging infrastructure, and other factors present major problems, but will also present opportunities for change. The group I will be meeting with will be the ones standing at the helm in the future and it will be their fresh ideas and guidance that keeps the supply chain flowing.”

Participants will learn a great deal from Frucci, whose transportation background is extensive. As Director for Middle Atlantic Region, Frucci is responsible for maintaining extensive contact with high value shippers, pharmaceutical companies, and transportation companies. He provides a highly experienced background developing targeted, threat based solutions providing protection from tampering, theft and damage to unattended assets.

“ASI is lucky to have the talents of Bob Frucci on our team, particularly as our company moves forward and grows with the dynamics of the transportation industry, said ASI President Anthony Shupin. “The Merchant Marine cadets will be equally as lucky to spend two days learning from one of the best.”

Frucci began his career in the transportation industry as a tractor-trailer driver and worked as supervisor in various operational positions, including Vessel Superintendent for Maher Terminals and as Manager of Vessel Operations for Atlantic Container Lines. This exposure to the inner workings of the transportation system provided a platform to work as a Private Investigator for Regent International Solutions focusing on cargo crime.

In addition to his role at ASI, Frucci serves as an instructor at GMATs teaching Maritime Security and Intermodal logistics. Past projects include security assessment and plan development of 73 Ready Reserve Vessels for the US Maritime Administration, Member of US Delegation to Cape Verde Islands to perform facility security review, and ISPS training to Security Officers in Dominica.

Frucci’s two-day presentation will be under the direction of Ron Katims, first holder of the academy and Crowley Maritime Corporation’s Crowley Chair in Logistics and Intermodal Transportation.

The Crowley Chair was established through a $2 million endowment by Crowley Maritime in memory of Thomas B. Crowley, Sr., the late leader of the firm. As the occupant of the Crowley Chair in Logistics and Intermodal Transportation, Mr. Katims will enhance the academy's visibility and stature in the field; provide midshipmen and faculty with unique perspectives on containerization and intermodal issues through teaching and public lectures; assist midshipmen in finding internships and building careers; help to organize conferences and seminars; and advise the academy on the further refinement and expansion of its Logistics and Intermodal Transportation Program.

“I thank Ron Katims, the Crowley Maritime Corporation and USMMA for including me in this important program. It is an honor to work with the group and also with Ron Katims who has contributed greatly to the building and success on the Intermodal transportation system.”

ASI is a prime developer of many integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at www.ddsi-cpc.com.

It’s subsidiary, CGM Applied Security Technologies, Inc., based in Somerset, NJ, is a leading

manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at www.cgmsecuritysolutions.com.

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JIF
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ok. We've hit a huge floor here. I boight big yesterday at .0075. I totally recommend getting in here at .006 if possible.

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Soylent Green
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10-K's filed with SEC on April 2nd.
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barbahold
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bouht 10000 this morning..just dont have any available cash

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barbara

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kenzone
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From www.pinksheets.com today...

ASVN -- Allied Security Innovations, Inc.
Com ($0.001)

COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

DIGITAL DESCRIPTOR SYSTEMS INC files Form 10KSB, Annual Report

Apr 2 2007 5:31PM ET


Digital Descriptor Systems, Inc.
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-KSB

PART I

10KSB December 31, 2005 Restatement

The company filed an amendment to restate the year ended December 31, 2005 financial statements. The company increased its net loss by $1,639,849 because the company originally did not amortize the debt discount correctly. The adjustment was for $1,285,828. Additionally the company corrected a misposting in its books of $354,021 from change in accrued interest to interest expense. The errors were found through the company's internal controls and procedures.

General Business Development

Digital Descriptor Systems, Inc. ("DDSI", the "Company", "us", "we", or "our"), a Delaware corporation incorporated in 1994, is the successor to Compu-Color, Inc., an Iowa corporation. The operations of DDSI were started as a division of ASI Computer Systems, Inc. of Waterloo, Iowa in 1986. Compu-Color, Inc. was formed in July 1989 and as of July 1, 1989 purchased the assets of the Compu-Color division of ASI Computer Systems, Inc.

ITEM 1. Description of Business

Our Business

During 2005 the Company acquired CGM Security Solutions, Inc. as a wholly owned subsidiary and changed it name to CGM Applied Security Technologies, Inc. In conjunction with the acquisition the Company has changed its primary focus from the law enforcement market to the security market in general as it believes that the potential for revenue is much greater.

Description of Business of CGM

CGM is a manufacturer and distributor of indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers as well as a number of highly specialized authentication products.

...

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kenzone
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...increased its net loss by $1,639,849...

That's a pretty significant amount!! [Eek!]

who's doing their auditing?? [Confused]

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JIF
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Yes, but that may be attributable to an increase in head count (sales force maybe) or sales expense.

They also have convertible dibentures (sp) that have come due.

They definitely have an indenpendent third party auditor, but it appears the errors were identified by their internal audit group. I'm very happy to see that they have an internal audit group and are implementing stronger internal controls.

Most small companies fail to invest in these measures.

FYI - I just invested another 3k at .0075. I'm really hoping we're at the bottom and ready to correct again to .05

Remember: .05 is the old .0001 (from before the R/S).

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JIF
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Here we go! This could be the pop to correct up again. Let's keep an eye on it folks!

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Soylent Green
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MM's sent 500,000 through AH at 17:20:43 at .009.
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JIF
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Watch for it today guys. I'm really hoping for a spike to correct us back to the .05 area.

Also, remember, we have the 10Q coming out in about 2 weeks. That could be good stuff for the stock price.

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You can't afford to risk, what you can't afford to loose.

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JIF
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OK. We had some profit taking this morning. No biggy.

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You can't afford to risk, what you can't afford to loose.

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jon clogger
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I was just checking back on this one. Lost my a$$ after DDSI R/S, sold here at .025 and bought NEOM thank God.

I'll see you guys in a week or two when it hits .001 to get my money back.

You're right JIF it will bounce, but not til after summer when they usually have movement.

This is a "one spike a year" company.

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Soylent Green
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ASVN -- Allied Security Innovations, Inc.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:

Allied Security Innovations, Inc., Formerly DDSI, Announces Year-End Results


Profits Increase More than 300 Percent

SEA GIRT, N.J., April 5, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allied Security Innovations, Inc. (Pink Sheets: ASVN), formerly DDSI - an industry leader in the development of Homeland Security and other commercial security related products - announced results for the operating year, 2006. Revenues for the year grew 35.7 percent, an increase of $1,192,902. Gross profit over the period rose $703,309, an increase of 319 percent.
"Our record growth, coupled with strong market demand for the top quality, state-of-the-art products we supply were the key components in increased revenues," said Anthony Shupin, CEO of ASI. "Our audited results prove that we are well on our way for continued growth."

Late last year, ASI announced that it would focus on increasing revenue, while controlling expenses and improving operations. The company intends to continue to execute its plan to increase operational efficiencies, refine and develop new products and expand sales and distribution channels to meet market demand.

"Our strong management controls over expenses continue to help increase our operating profit which also benefited from our significant increase in revenue," added ASI CFO Michael Pellegrino.

About Allied Security Innovations, Inc.

The company, based in Sea Girt, NJ, develops and markets integrated enterprise-wide image applications specifically designed for criminal justice organizations. Customers include states, cities, counties, corrections, justice, and public safety agencies. Additional information is available online, at www.ddsi-cpc.com.

Its subsidiary, CGM Applied Security Technologies, Inc., based in Somerset, NJ, is a leading manufacturer and distributor of Homeland Security products, including indicative and barrier security seals, security tapes and related packaging security systems, protective security products for palletized cargo, physical security systems for tractors, trailers and containers, as well as a number of highly specialized authentication products. Additional information is available online, at www.cgmsecuritysolutions.com.

Safe Harbor Statement:

Safe Harbor Statement Under the Private Securities Litigation Act of 1995 - With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of the Company could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rate and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors associated with our Company, review our SEC filings.

SOURCE Allied Security Innovations, Inc.


CONTACT: Stephen D. Reid, +1-732-892-5000, or sreidassoc*aol.com

URL: http://www.DDSI-CPC.com
http://www.cgmsecuritysolutions.com
http://www.prnewswire.com
www.prnewswire.com

Copyright (C) 2007 PR Newswire. All rights reserved

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JIF
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THIS IS HUGE NEWS~!!!!!!!

AND LOTS OF ACTION ON THE STOCK TODAY.

LET'S REMEMBER, THE R/S brings down the total number of outstanding shares. So, if you multiply all the outstanding shares by the current share price, you may find, as I have, that this stock is drastically undervalued (for a company that just increased revenues AGAIN by 300%)!!!!!!!!!

Let's see how many people pick up the news tomorrow!

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You can't afford to risk, what you can't afford to loose.

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Soylent Green
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Markets are closed tomorrow and it was profits that were up over 300%, but it's all good.

Let's hope for a big move on Monday.

GLTY

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gatorhistory
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it's good news, I think the better news will come when they bring out the new website and report quarterly results...I'm looking for big things from these guys. JMO.
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JIF
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Well, profits are even better than revenues b/c that could indicate a successful reduction of costs.

Yup - the new web site will be huge - mostly because it will offer e-commerce allowing customers to purchase security products via the internet. That can increase sales and decrease sales cost.

I'm such a big fan of this company.

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You can't afford to risk, what you can't afford to loose.

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kenzone
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Can't figure this stock out...they report positive revenue and profits for 2006 yet it continues to tank. This POS will be back to .0001 by the end of this year!! [Mad]
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jon clogger
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I hear you KZ, I'm getting back in if it hits .001 to recover some of my money hopefully. But I don't think it will tank to .0001 again because with the number of shares left after the R/S the company would truly be worthless. JC


"You can polish a turd, but in the 'end' it's still a turd."

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accumulation is rising...IMO this is waiting on the coming quarterly results and website launch.
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JIF
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Lot's of action here guys. We need to break past .008 again. We neeeeeed to get into the .02's.

That's the inflection point. Keep an eye out. The 10Q is coming soon. Big quarterly report.

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You can't afford to risk, what you can't afford to loose.

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