[Biojava-dev] stOckmarket Smallcap Profile
Aline
zucvbqiddzmnry at parsmail.com
Mon Jan 10 08:15:15 EST 2005
Slaughter,
Major News at The Close Friday
TechLite, Inc. (OTCBB: THLT)
Joint Venture Agreement With Anticipated $3-5 Million
of New Business (Source: News 11/30/04)
Shares Outstanding: 10,994,910 (Source: 10Q 8/19/04)
Friday'a Close: $.58
A Massive PR Campaign is Underway this Weekend on This Stock. Many of You may Agree: There is Nothing Like the Awesome,Potential M0ney M at king Power of Little Known Companies That Explode Onto Investor's Radar Screens..Read The Following:
Press Release Source: TechLite Inc.
TechLite Subsidiary, Keystone, Reaches Agreement With Redi-Controls To Market OAM Purger in Greater China
Friday January 7, 4:30 pm ET
TULSA, Okla.--(BUSINESS WIRE)--Jan. 7, 2005--On Nov. 5, 2004, TechLite (OTCBB:THLT - News) announced the acquisition of two additional businesses, Keystone and Omni Sciences, both of Austin, Texas. A principal part of these businesses are two important HVAC energy conservation products: the ASHRAE award-w i n ning OAM Purger(TM), an in-line device that constantly samples and decontaminates chiller refrigerant streams, and Frigi-Tech, a state-of-the-art refrigerant additive for commercial and residential A/C units.
TechLite, through its operating unit, Keystone, along with Samuel Chan, of El Monte, Calif., have been selected by Redi Controls Inc. to jointly market the OAM Purger(TM) in greater China, which includes Taiwan, Hong Kong, and Macao.
According to J.D. Arvidson, president of TechLite: "This is an exclusive performance-based distributorship, based on number of units sold. TechLite's 2005 sales goal for the OAM Purger(TM) is an additional $2-3 million in gross sales. Keystone currently has approximately $2 million in energy reduction contracts pending, and estimates gross sales of $5 million for calendar year 2005."
ABOUT TECHLITE INC.
TechLite Inc. is a national energy service company. In 2004 TechLite entered its 12th year in the design and installation of energy-efficient and EPA-compliant lighting upgrades encompassing the vast number and variety of existing lighting systems. The magazine "Electrical Contractor" has described the lighting retrofit business as "the market of the decade." Customers include power utility energy service companies (ESCOs), as well as the education, healthcare, commercial, industrial, and government markets. Industry experts estimate the size of the market at approximately three billion lighting fixtures, creating a potential $100 billion national lighting retrofit industry. TechLite also offers new energy-efficient light fixtures for new construction, long-term service and maintenance contracts for customer lighting systems, and other state-of-the-art energy reduction products and services for air conditioning systems.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the companies, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. As with many microcap stocks, todays company has additional risk factors worth noting. The company has a going concern opinion from its auditor, a large accumulated deficit,a large negative net worth,a reliance on loans from officers to pay expenses, nominal revenue in its most recent quarter,officers have personally guaranteeed company debt, tax liens for unpaid federal and state taxes, is a defendant in two lawsuits,has a nominal cash position and the need to raise capital. A failure to raise capital could cause the company to go out of business. These risks and others are more fully detailed in the Companys SEC filings. We strongly urge you to review them before you invest. The Publisher of this newsletter does not represent that the information contained in this message states all material facts or does not omit a material fact necessary to make the statements therein not misleading. Read the compay's SEC filings before you invest. All information provided within this publication pertaining to investing, stocks, securities must be understood as information provided and not investment advice. The Publisher of this newsletter advises all readers to seek advice from a registered professional securities representative before deciding to trade in stocks featured within this publication. None of the material within this report shall be construed as any kind of investment advice or solicitation. Many of these companies are on the verge of bankruptcy. You can lose all your money by investing in this stock. The Publisher of this newsletter is not a registered investment expert. Subscribers should not view information herein as legal, tax, accounting or investment advice. Any reference to past performances of companies are specially selected to be referenced based on the favorable performance of these companies. You would need perfect timing to acheive the results in the examples given. There can be no assurance of that happening. Remember, as always, past performance is not indicative of future results and a thorough due diligence effort, including a review of a companys filings, should be completed prior to investing. In compliance with the Securities Act of 1933, Section17b, the Publisher of this newsletter discloses the receipt of fourteen thousand dollars from a third party, not an officer, director or affiliate shareholder of the company for the circulation of this report. The party that paid us has a position in the stock they will sell at anytime without notice. Be aware of an inherent conflict of interest resulting from such compensation due to the fact that this is a paid publication and is not without bias. All factual information in this report was gathered from public sources, including but not limited to Company Websites, SEC filings and Company Press Releases. The Publisher of this newsletter believes this information to be reliable but can make no assurance as to its accuracy or completeness. Use of the material within this publication constitutes your acceptance of these terms.
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