To OTC Journal Members:
 

Amnis Systems (OTC BB: AMNM)- Sees Revenues Double In Current Quarter Over Last

Until the close of market today, Amnis Systems was the only one of the five penny stocks I follow which hadn't delivered a significant positive corporate development in the month of August. That changed today when the company issued a press release indicating a recent rash of new orders with fourteen separate high profile accounts would provide at least double the revenues we saw in the June quarter.

Amnis has what may be the best video streaming technology on the market today. Their video stream is delivered over any broadband network in "real time", which allows Amnis systems to be used for many exotic applications. Customers include the University of Hawaii, University of Alaska, Hughes, Pfizer, Daimler Chrysler, and many others. Remote robotic surgery has been performed using Amnis video streaming technology, and drone planes are remotely flown using an Amnis videostream. There are over 4,000 Amnis systems installed world wide.

From a technical standpoint, today's news comes at a favorable point on the chart. As I have discussed many times in past editions, I like to accumulate stocks that have retraced 50% of a major move once the trend line is broken.

When I originally wrote about Amnis in the June 3rd edition I projected the stock could trade to $.15 within 60 days. Just like a retriever fetching a tennis ball, the stock ran to $.15, grabbed it quickly, and came right back to the starting point. 

Nothing ever goes straight up. Once the trendline was broken, the stock was entitled to pull back into the 50% retracement range off the move it had started in early May, which was when the stock was priced as if the company were about to close its doors.

New management and new money has the company humming and gathering momentum. Today, just after the market closed, Amnis announced it had received new orders from fourteen separate accounts during the first half of the third calendar quarter. Boeing, Hughes Networks, Best Buy, Matsushita (Panasonic) and Northrop Grumman are a sampling of customers purchasing Amnis Systems equipment in recent weeks.

According to company President Scott Mac Caughern, Amnis's revenue stream for the September quarter should double that of the June quarter. I believe this is just the beginning of a whole new era for the company. Momentum should continue into the Fall, but sales could really skyrocket when the company makes planned new product introductions before the end of the year.

The stock will probably begin a climb back towards $.15 now that the company has delivered very positive news and the stock has found support. However, I still believe the stock could see $.25 over the longer term. 

Here is the complete text of today's news for your review:
 

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