Turning Pennies into dollars: (OTCBB: PCYG), (OTCBB: CYOE), (OTCBB: IVOT).
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Park City Group, Inc. (OTCBB: PCYG)(February 5, 2008), a leading provider of patented inventory and labor optimization software solutions for retailers, announced earlier today that Mr. James R. Gillis has joined its Board of Directors.
Mr. Gillis is President, Chief Operating Officer and Co-CEO of Source Interlink Companies, Inc., a premier marketing, merchandising and fulfillment company of entertainment products where he has been instrumental in developing annual revenues in excess of $1.9 billion and over 95 business units in the US. While at Source Interlink, Mr. Gillis has also developed and maintained relationships with public equity investors, hedge funds, stock analysts, investment banks and private equity firms, both domestically and internationally, while creating a marketing infrastructure to provide a portfolio of fully integrated products and services in 110,000 locations for more than 1,000 retail chains.
Prior to his tenure with Source, he was President, CEO, and Owner of Brand Manufacturing Corporation, a leading designer and manufacturer of retail display systems. Previously, he was Managing Partner of Aders, Wilcox, Gillis Group, a global developer of trade relationships serving major brand marketers and retailers worldwide.
"The extensive relationships and financial expertise that Jim has developed in his distinguished career will be tremendous assets to our Company. He has long-standing relationships with many of the organizations with whom we do business and desire to do business with," noted Randall K. Fields, Park City Group's Chairman. "Jim's stature and experience in the retail industry will serve Park City Group as we continue to generate value for our shareholders."
Park City Group, Inc. develops and markets patented computer software that helps its retail customers to increase their sales while reducing their inventory and labor costs: the two largest controllable expenses in the retail industry. The technology has its genesis in the operations of Mrs. Fields Cookies, co-founded by Randy Fields, CEO of Park City Group, Inc. Industry leading customers such as The Home Depot, Victoria's Secret, Pacific Sunwear of California, Anheuser Busch Entertainment and Tesco Lotus benefit from our software.
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CytoCore Inc. (OTCBB: CYOE)(February 5, 2008), the biopharmaceutical research and medical device company for early detection and treatment of reproductive-tract cancers, announced earlier today that the U.S. Food and Drug Administration has approved the company's 510(k) submission to sell CytoCore's SoftPAP cervical cell collector. The SoftPAP collects more comprehensive and complete cervical cell specimens for Pap testing.
"CytoCore's SoftPAP cervical cell collector is a significant advance in women's health," says Robert McCullough, Jr., CytoCore's CEO. "Each year, over 2 million American women are told that their Pap test was negative when, in fact, they have early stage cervical cancer. These false negatives are frequently caused by an inadequate or incomplete sample of cervical cells. SoftPAP collects complete specimens from the cervical canal, the cervical surface and the transition zone simultaneously. There is evidence that the use of SoftPAP significantly reduces the rate of false negative Pap tests leading to earlier treatment of cervical cancer."
"Studies also demonstrate that the most common adverse events that occur during the collection of the specimen are virtually eliminated with the SoftPAP," according to Dr. Richard Domanik, President and COO. "Studies involving more than 400 cervical cell collections show a 95% reduction in bleeding and spotting which are the most frequently reported adverse events associated with collection of specimens for Pap testing."
"FDA clearance enables us to become a truly global company," says Dan McMahon, Director of Marketing. "We have been selling SoftPAP in Europe for the past few months and are negotiating distribution agreements in Latin America as well. We are in the final stages of completing the North American distribution organization and expect to be able to launch the product in the United States by the end of the first quarter."
CytoCore develops cost-effective cancer screening systems, which can be used in a laboratory or at the point-of-care, to assist in the early detection of cervical, endometrial, and other cancers. The CytoCore Solutions(tm) System is being developed to provide medical practitioners with highly accurate, cost-effective cancer screening systems that can be seamlessly integrated into existing medical models.
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iVoice Technology, Inc. (OTCBB: IVOT)(February 5, 2008) announced on Tuesday that it signed a non-binding Letter of Intent to acquire Atire Technologies, Inc ("Atire Technologies"). iVoice Technology, Inc. ("iVoice Technology") previously was a wholly owned subsidiary of iVoice, Inc. (OTCBB: IVOI) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders.
The transaction, which is subject to due diligence, the usual and customary conditions, and entering into a definitive agreement, is expected to close in May 2008. It is anticipated that Atire Technologies will merge into a wholly owned subsidiary of iVoice Technology.
Robert Williams, founder of Atire Technologies stated, "Our Company is built on the fundamental values of providing affordable superior quality products while contributing to a solution for the abundance of tires globally; we are part of the solution to an escalating environmental issue."
Atire Technologies was founded in 2005 by an HVAC contractor and his son. SoundSponge (which is patent protected) is made from 100% recycled tires. We stand behind our products with a total satisfaction money back guarantee and invite everyone to become "Part of the Solution."
According to the EPA released Scrap Tire Cleanup Guidebook, released 6/8/06; "Large scrap tire stockpiles present a risk to human health and the environment for several reasons. They provide an ideal breeding ground for mosquitoes, which carry and transmit life-threatening diseases such as encephalitis, West Nile and Eastern Equine virus, and dengue fever in some regions. Stockpiles can also catch on fire as a result of lightning strikes, equipment malfunctions or arson. State, federal and local agencies have spent tens of millions of dollars over the past few decades responding to tire fires."
Jerry Mahoney, CEO of iVoice Technology, remarked, "We are excited to be working with Atire Technologies." Mahoney added, "We continue to work to find and complete acquisitions that offer excellent growth potential, that are in viable and stable market segments and have management teams committed to success."
iVoice Technology, Inc., previously was a wholly owned subsidiary of iVoice, Inc. (OTCBB: IVOI) prior to the spin-off from iVoice that was completed in August 2005 as a special stock dividend distribution to iVoice shareholders. iVoice Technology, Inc, Inc. was incorporated in New Jersey on November 10, 2004 as a wholly owned subsidiary of iVoice, Inc. iVoice Technology, Inc. designs, manufactures, and markets innovative Interactive Voice Response (IVR) applications and computer telephony communications systems.
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