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AVITAR INC (OTCBB: AVTI) Up 15% yesterday
Avitar, Inc., through its subsidiaries, engages in the development, manufacture, marketing, and sale of diagnostic test and hydrophilic polyurethane foam applications for medical, diagnostics, dental, and consumer use in the United States. It offers ORALscreen 4 and ORALscreen
December 3 - Avitar Aims to Increase Its Share of $1.5B Diagnostic Market
Avitar Inc. (OTCBB:AVTI) ("AVTI"), manufacturers of nationally branded oral fluid testing diagnostic devices and customized polyurethane applications used in wound dressings, announced today that, because of a recent GAO study of the Department of Transportation urine-based testing procedures and their high rate of failures, the patented Avitar ORALscreen(R) technology will quickly gain favor. Drug abuse remains a major problem in the transportation sector, as well as construction, manufacturing, hospitality, and retail, due to the limitations associated with urine-based drug testing.
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CARGO CONNECTION LOGISTICS HOLDINGS (OTCBB: CRGO) Up 23.53%
The Company, through its subsidiaries Cargo Connection Logistics Corp. and Cargo Connection Logistics International, Inc., is a leader in world trade logistics. The Company headquarters is in Inwood, NY, and it also has offices in Atlanta, GA; Charlotte, NC; Chicago, IL; Columbus, OH; Miami, FL; New York, NY; Pittsburgh, PA.; and San Jose, CA. Headquartered adjacent to JFK International Airport, the Company is a transportation logistics provider for shipments imported into and exported out of the United States, with service areas throughout the United States and North America. The Company currently provides a comprehensive variety of transportation and warehouse capacity services to shippers throughout the nation. It also operates a bonded General Order warehouse in New York and Container Freight Station operations, which are specifically designed to handle internationally arriving freight for major retail suppliers through its facilities in Florida, Georgia, Illinois, New York and Ohio. Cargo Connection Logistics' website is www.cargocon.com.
CRGO News:
Dec 3 - Cargo Connection Logistics Holding, Inc. Enters Into $3 Million Factoring Agreement With Wells Fargo Business Credit
Company Provides Loan to Fleet Global Services and Resolves Dispute With Miami Landlord
"We expect that this new factoring agreement, which increases our factoring capacity, will save the Company a significant amount of money and provide a bigger base for customer expansion," said Scott Goodman, CFO & COO of Cargo Connection Logistics Holding, Inc. "It is further evidence of our continuing efforts to create a more stable financial base to help achieve our short- and long-term goals."
Additionally, the Company said it has entered into an agreement resolving a dispute with the landlord of its Miami facility, AMB HTD Beacon Centre, LLC.
"We anticipate that each of these developments will have positive impact on the growth and development of the Company and further enhance shareholder value," said Goodman. "We're working very hard to secure additional financing and are hoping to close the Fleet acquisition as soon as practical."
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TECHNICAL COMMUNICATIONS CORPORATION (OTCBB: TCCO) Up 3.96%
TCC designs, manufactures, and supports superior grade secure communications systems that protect highly sensitive information transmitted over a wide range of data, voice and fax networks. TCC's security solutions protect information privacy on every continent in over 100 countries. Government agencies, militaries, financial institutions, telecommunications carriers and multinational corporations worldwide rely on TCC to protect their communications networks.
TCCO News:
Dec 3 - Technical Communications Corporation Reports Profitable Results for the Fourth Fiscal Quarter and the Year Ending September 29, 2007 Technical Communications Corporation (OTCBB: TCCO) announced its results for the fiscal quarter and year ended September 29, 2007. For the quarter ended September 29, 2007, the Company reported net income of $543,000, or $0.39 per share, on revenue of $1,751,000, as compared to net income of $54,000, or $0.04 per share, on revenue of $845,000 for the quarter ended September 30, 2006. For the year ended September 29, 2007, the Company reported revenue of $4,920,000 and net income of $846,000, or $0.62 per share, as compared to revenue of $3,897,000 and a net loss of ($94,000), or ($0.07) per share, for fiscal 2006.
"In the Southwest Asia region, Afghanistan continues to expand its demand for secure communications. As previously reported, in the fourth fiscal quarter of 2007 TCC received a $1.4 million order for DSP9000 handset encryptors which will provide end-to-end voice security for both portable and fixed-base radios. Deployment of the TCC DSP9000 radio encryption system enables the Afghan, NATO and U.S. forces to communicate securely across the entire country. TCC's family of radio encryptors provides a robust, highly reliable security solution for most radio systems operating in the HF, VHF and UHF bands and is a popular choice for achieving interoperability between a variety of radio brands."
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LOCATION BASED TECHNOLOGIES (OTCBB: LBAS) Up 54.55%
Location Based Technologies is a wireless technology company developing a consumer-oriented personal locator combining GPS and existing wireless technology. Its initial product will be known as PocketFinder. The PocketFinder is being designed to give parents the ability to locate a child carrying the device through the Internet, a mobile phone, or their regular phone. The device is small, rugged, water tight, and will have application for children, elderly parents, pet parents, and for the tracking of valued personal property. For further information about the company, see www.locationbasedtech.com.
LBAS News:
December 2 - Location Based Technologies Provides Information in Response to the Surprise www.gizmodo.com Article Released on November 29
The company expects revenues to be based on the following sales and revenue sources: PocketFinder personal locator device sales from mass retailers; the PocketFinder website; and Affinity groups. Sales of device accessories and monthly re-occurring service fees and potential licensing fees will provide additional revenue.
In our ever-mobile society, it helps to know where we are and where we are going. Due to the demands of families with dual earners, and the number of single parent homes, many children are left without a parent home during the day. Parents in those situations desire the ability to know where their children are and where they are going.
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