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Amnis Systems
(OTC BB: AMNM) Perking Up on Great News Flow |
|
Amnis Systems has been one
of the few problem children in a relatively problem free year for the microcaps
in the OTC Journal. The company nearly closed its doors in the spring,
and the financiers of the company stepped in with new money and new management.
The company has been in turnaround and rebuilding mode for most of the
year, and the pieces are finally falling into place.
Amnis is close
to completing a corporate transformation.
Revenues have been climbing steadily.
The September quarterly revenues eclipsed the $1/2 million mark,
more than doubling the June quarterly numbers. The annual run rate has
now been restored to north of $2 million, and this is just the beginning.
In my last edition on this company,
I covered the appointment of Steve Peltier, the new President of
Amnis. Mr. Peltier is coming out of retirement in Paris to run the company.
In his last assignment, Mr. Peltier took ICS/Advent from zero to
$100 million in annual sales over the course of 10 years.
Since my last edition on Amnis,
the company has reported the completion of another $1.1 in financing, and
completed the acquisition of Creekside Communications, Inc. Creekside had
been performing new technology development for Amnis. Now, they
own the company.
All in all- Amnis is definitely
headed in the right direction.
 |
Amnis
Delivers New $200,000 Order for Lockheed |
 |
Today, just after the market opened,
Amnis
announced it had received a $.2 million purchase order from Lockheed
in conjunction with the Whitlock Group, one of their VAR's (value added
reseller). This one order alone equates to about 10% of annual sales.
As a result, the stock traded over
10 million shares, and tried to break above the $.05 level. It settled
back to trading in between $.04 and $.05. High volume days like this take
us closer to a breakout, as the market is clearly prepared to eat through
the substantial overhead supply.
I've gotten a lot of emails from
members interested in knowing what the number of share issued and outstanding
is. As of last count, the number of shares I&O was about 190 million,
which equates to a $7.6 million market value.
The number of shares issued could
go up from debt conversion. The number is a moving target, as all the debt
might not be converted into shares. The higher the stock trades, the less
dilutive the debt.
The company has several more steps
to make before completing its transformation to a new, lean, product selling
machine. Chairman Scott MacCaughern and new President Steve Peltier have
agreed to participate in an interview once the facts are all in.
Based on company progress, I believe
this stock could easily be headed for higher ground once this temporary
supply from financings is absorbed. The company is certainly doing its
part by delivering corporate performance.
Right now, I'm looking for
a $.10 stock next year, possibly higher.
I would suggest a mental stop loss
at $.025 in case the stock trades against us. If you see it trade
there, just sell it if you can't handle the risk. However, a few more high
volume days like today could lead to a major breakout.
Here is the complete text of today's
news release for your review:
| Press Release Source:
Amnis Systems Inc.
The Whitlock Group
and Amnis Systems Announce Partnership to Provide High Quality Video Solutions
Tuesday December 9, 11:13
am ET
First Customer
of Newly Formed Partnership is Lockheed
PALO ALTO, Calif., Dec 9
/PRNewswire-FirstCall/ -- Amnis Systems Inc. (OTC Bulletin Board: AMNM
- News) a leading global provider of networked streaming video systems,
has announced today that it has partnered with the Whitlock Group, an award-winning
provider of television, video production, audiovisual and videoconferencing
solutions, to provide streaming video solutions to the enterprise market.
The Whitlock Group will provide consulting, design, engineering, project
management and installation of complete visual communications systems utilizing
Amnis Systems' line of NAC network video appliances.
"We are pleased to be
working with the Whitlock Group. They have a well deserved reputation for
innovation and quality. We will work in close partnership to ensure the
success of present and future projects. In particular, we will place a
heavy emphasis on technical training and technical support to guarantee
the satisfaction of their customer base," said Steven Peltier, President
and CEO of Amnis Systems.
The companies have recently
collaborated on a project to provide Lockheed with a complete video solution.
The project includes the sale of $200,000 in Amnis Systems equipment.
"We are excited about
the potential of partnering with Amnis Systems to deploy their unique technology
at three Lockheed sites, as part of Lockheed's Videoconferencing and Video
Streaming Program. We are also equally excited about the potential of using
a successful implementation at Lockheed to springboard a relationship with
Amnis Systems and Whitlock. We feel that this project will be integral
in introducing the technology to our Sales and Technical staff and having
a major success story in our portfolio. This product familiarity, project
reference, along with sales and technical training, should give the Amnis
Systems/Whitlock relationship some great momentum for introducing this
offering to Whitlock's prestigious national customer base," said Roger
Patrick, Area Manager for the Whitlock Group.
About Amnis Systems Inc.
Amnis Systems Inc., which
acquired Optivision, Inc. in 2001, is the market leader in the networked
streaming video market. The company develops, manufactures and delivers
MPEG network video products for high-quality video creation, management
and distribution worldwide both directly and through leading industry partners.
Based in Palo Alto, California, Amnis Systems products are used in diverse
applications such as such as surveillance, distance learning, content distribution,
corporate training, telemedicine, video-on-demand and high-quality video
conferencing. To find out more about Amnis Systems Inc., visit our website
at www.amnisinc.com or phone 800-239-0600. Amnis Systems is not affiliated
or related to Amnis Corporation of Seattle, Washington.
"Safe Harbor" statement
under the Private Securities Litigation Reform Act of 1995: This release
contains forward looking statements that are subject to risks and uncertainties,
including, but not limited to, the impact of competitive products and pricing,
product demand and market acceptance, new product development, reliance
on key strategic alliances, availability of raw materials, the regulatory
environment, fluctuations in operating results and other risks detailed
from time to time in the company's filings with the Securities and Exchange
Commission. Our forward looking statements are based on currently available
information which management has assessed but which is dynamic and subject
to rapid and even abrupt change due to risks and uncertainties that affect
our business, including the unpredictability of future revenues and limited
visibility into future demand on which to base our forecasts; the current
uncertainty in our marketplace which may impact expected demand, customer
selection criteria and sales cycle; our ability to execute on product deliverables
and major customer contracts, slower economic growth generally, slower
adoption of broadband technology, or cutbacks in information technology
spending; and factors beyond our control such as power outages or work
stoppages at key customers.
CONTACT:
Scott Mac Caughern of Amnis Systems Inc.
+1-650-855-0209 or smac@amnisinc.com
--------------------------------------------------------------------------------
Source: Amnis Systems
Inc. |
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