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The only new BLOG I posted
towards the end of the year had some comments on Apple Computer (NASDAQ:
AAPL), and that was it for the vacation week. As 2008 progresses, new
stories will unfold, and older ones will either make progress or fall by
the way side. At the end of the weekend, I will be publishing an outlook
for 2008 with some information about the microcap world you aren't reading
anywhere else.
The BLOG is your opportunity
to ask questions and offer comments. I will make an effort to answer every
legitimate question. If I don't know the answer, I will contact the management
and get the answer. Alternatively, if you have questions you don't want
publicly displayed, you can always email me directly at editor@otcjournal.com.
If you submit a comment or question, it will not appear on the site until
I have responded.
To use the BLOG, simply go
to the home page at www.otcjournal.com
- the BLOG scrolls down from the upper right hand corner. The most
current journal entries appear on the right hand side of you screen. Check
back frequently for updates particularly when stocks are moving to overbought
or oversold levels in volatile markets.
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TraceGuard (OTC
BB: TCGD) Management Moves Towards The Money |
|
As I mentioned above, I've been planning
an outlook for 2008 as the first edition of the year. However, the folks
at TraceGuard are not wasting any time reversing course from last
year's news vacuum in the last couple of months, and today's post close
event deserves a hard look.
TraceGuard was introduced
to OTC Journal members in mid October at $.87, and the stock
had a rough 4th quarter in a sea of silence. A few of you have reached
out to me individually on this idea, noting I hadn't set up a BLOG for
questions or commentary. I'll have a BLOG up on the company by Monday.
My published SSL for the stock
was $.65, and it traded down to the $.50 in last year's tax
selling season. If you are still holding the stock, and you have read my
writings on how to use the SSLs, you have decided to become a long
term investor in this idea. As it is a pre revenue company, there is nothing
wrong with taking a long term approach. This stock will not trade up and
down on quarterly numbers- it should improve in value as investors start
to believe their technology will be widely adopted at airport security
checkpoints world wide.
Here's what the hoopla is all about.
The device you see pictured here can check your carry on bag for explosives
in about 30 seconds vs the current very lengthy and inexact "swabbing"
being used at airport checkpoints today. There are a number of other devices
under development by the scientists at TCGD, including a cargo version
of this machine.
They have an LOI for a development
and marketing agreement with British based Smiths Detection, the
second largest security device manufacturer in the world (second to GE,
who bought their way into the business).
Today, the company announced a change
at the top, specifically designed to move them from a technology development
story to a sales oriented and commercially viable entity- the exact move
this company needed to make to get investors to take notice.
Retired Major General Avi Kostelitz
of the Israeli Military, formerly a consultant to the company, has taken
the reins as CEO. Kostelitz has an impressive resume in airport and border
security, having been the CEO of the Israeli Airport Authority. The Major
General was responsible for all the airport and border security for
Israel. In my view, that would make him one of the foremost experts
on terrorism and security in the entire world, and probably one of the
best connected guys in the field. After all, who knows more about security
than the Israelis?
In case you are wondering, here's
what's happening at TCGD. In short, the scientist who was previously
CEO and is now the Chairman of the Board, has been replaced with an well
connected expert in the field who can get the product sold and into airports.
Scientist out, business man and field expert in. A welcome move in my view.
I expect this to be the first in
a series of corporate events which moves TCGD into commercial sales
in 2008. In the original presentation, I asked you to imagine owning the
stock as your carry on bag was checked for explosives in your travels.
With Kostelitz running the company, that vision is one step closer to reality.
Here's the chart, and after looking
at it a couple of observations come to mind. I'm looking at the longer
term picture, and noting the stock did poorly in the December time frame
last year as well. In comparison, last year the stock traded below the
$.50 level. This year, the stock held that level- it seems to be support
for the stock at this time.
Secondly and more importantly, look
at the big surge the stock had in February of last year as it motored from
the $.50 level into the $1.25 range on big volume.
The last year has been spent in product
development. This year should be spent in commercialization in conjunction
with worldwide powerhouse Smiths Detection and new CEO Major
General Avi Kostelitz.
If you didn't participate in this
idea the first time around, the tide could be turning and the timing might
be great. Consider most investors are still winding down the Holiday season
as vacations extend to when the kids go back to school next Monday.
Snapping up a few shares on this
news while few are watching could put you in a favorable position as the
stock regains ground in the new year.
Here is the complete text of today's
post close news for your review:
| Press Release Source:
TraceGuard Technologies Inc.
TraceGuard Announces
Appointment of Avi Kostelitz as Chief Executive Officer
Thursday January 3, 4:00
pm ET
New chief executive brings significant
expertise in aviation security and operations
NEW YORK--(BUSINESS WIRE)--TraceGuard
Technologies Inc. – (OTC BB:TCGD - News), a developer of innovative systems
and solutions for improving detection of explosives and hazardous materials,
announced today that Avi Kostelitz has been appointed Chief Executive Officer
of the Company. Mr. Kostelitz replaces Dr. Ehud Ganani in the Chief Executive
role, effective as of January 1, 2008. Dr. Ganani will continue to serve
TraceGuard as Chairman of the Company’s Board of Directors.
Mr. Kostelitz brings
extensive aviation security experience and enterprise management abilities
to TraceGuard. From 1997-2001, he served as the CEO of the Israel Airports
Authority (IAA), which manages and has full responsibility for operations
and security for all airports and air transportation in Israel, as well
as border crossings between Israel, Jordan, Egypt and the Palestinian Authority.
Prior to this, Mr. Kostelitz served as a senior director of the Israel
Security Agency (ISA), retiring in 1996 with the rank of Major General.
He has been a principal advisor to TraceGuard since the Company’s inception
in 2005, assisting the management team on core strategic, product development
and marketing issues.
Mr. Kostelitz said, “I
am very excited to be given the opportunity to serve TraceGuard as its
chief executive officer. I have seen the Company’s progress firsthand through
my deep involvement with TraceGuard’s management team over the past two
years. TraceGuard has made significant headway in its product development
efforts and CompactSafe(TM) is now being evaluated by several key homeland
security agencies worldwide. This a great honor for me personally and I
look forward to accelerating TraceGuard’s progress in commercializing its
products. .”
Dr. Ganani said, “We
are all pleased that Avi has decided to join TraceGuard as CEO. He brings
tremendous talent, understanding and experience to the Company from his
unique and accomplished background. I have enjoyed working closely with
him and am confident that he will lead the company towards continued success
in 2008 and beyond.”
About TraceGuard
TraceGuard Technologies
develops innovative security technologies and solutions for enabling explosives
detection through automated trace extraction. By advancing the efficacy
and efficiency of trace collection, TraceGuard’s product suite offers dramatic
improvement over the current mechanisms in place at present.
TraceGuard is a US public
company traded on the Over-The-Counter Bulletin Board (OTC BB:TCGD - News).
TraceGuard maintains a Research and Development Center in Tel Aviv, Israel
and has a Sales office in New York. For additional information on TraceGuard,
please contact TraceGuard at 1 866-401-5969 or visit www.traceguard.com.
Some of the statements
in this press release contain forward-looking statements that involve risks
and uncertainties. You can identify forward-looking statements by words
such as "may," "will," "should," "expect," "plan," "could," "anticipate,"
"intend," "believe," "estimate," "predict," "potential," "goal," or "continue"
or similar terminology. These statements are only predictions and involve
known and unknown risks, uncertainties and other factors, including, but
not limited to, the risks outlined in our filings with the US Securities
and Exchange Commission, that may cause our or our industry's actual results,
levels of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or achievements
expressed or implied by such forward-looking statements. For example, risks
that could cause actual results to vary materially from future results
include, but are not limited to: our lack of an operating history, issues
related to intellectual property infringement, issues relating to the introduction
of our products in target markets, the need to raise capital to fund operations,
our dependency on key personnel, approval of our products by regulatory
authorities, matters related to the location of our operations in Israel,
the extent of competition; technological developments in our target markets
and the development of alternate, competing technologies in them; and sales
of shares by existing shareholders. Although we believe that the expectations
reflected in the forward looking statements are reasonable, we cannot guarantee
future results, levels of activity, performance or achievements.
Contact:
Investor Relations:
TraceGuard Technologies
Inc.
David Ben-Yair, 866-401-5969
CFO
david.ben-yair@traceguard.com
or
Media/Press:
Eric Leskly, 866-401-5969
Director, Marketing
and Business Development
eric.leskly@traceguard.com
Source: TraceGuard Technologies
Inc. |
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