DALLAS (July 30, 2007) – The Pink Sheets consist of the most volatile and most loosely regulated market in the U.S. Although this might be the case, some of these companies are helping innovate and create new technologies that could be tomorrow’s next must have item. Although relatively small, these companies need financing, acquire and merge with other firms, and develop new technologies that investors need to know about.
New technology is being implemented in airports as electronic ticketing systems shift the way airlines, and potentially other businesses that use paper ticketing, provide services by allowing cell phones and cards to provide ticket information – eliminating the need for paper.
All Nippon Airways (ANA) will stop issuing paper tickets for domestic flights by year’s end, which will give the company the rights to be the first domestic airline to shift to an all-electronic ticketing system. Testing for this service will begin at Matsuyama Airport on September 4, and ANA plans to introduce the service at airports across the country through October.
This system will require passengers to place an airline card or a mobile phone fitted with an integrated circuit chip containing payment and reservation information over a reader located at boarding gates. Passengers without such technology will be given a flight sheet with a barcode that can be scanned by the same readers at boarding gates.
This technology might seem costly, but it appears that in the near future, cell phones will be embedded with this technology. One could imagine using a cell phone to allow admittance to sporting events, movies, airplanes and even concert events. Potentially we could one day eliminate paper ticketing all together while continuing to make the world more reliant on wireless technology.
Imperia Entertainment (Pink Sheets: IPEI) announced today that it has formulated a plan to generate short term revenue of $680,000 to $1.3 million over the next 12 months, while streamlining its long term strategy of producing revenue from high quality feature films.
The company plans to divest itself from its family film production subsidiary, Muller Media Inc. (Pink Sheets: MUMI), and is now seeking candidates to replace Muller. Both companies’ stock prices have remained steady throughout trading so far today.
In merger and acquisition news, LipidLabs Inc. (Pink Sheets: LPDL) announced today that it acquired the funding needed to acquire Telemedicus. LipidLabs’ primary focus is acquiring technologies developed by major research universities and delivering those technologies to the marketplace.
“The potential market for the Telemedicus Technology consists of over 40,000 ambulances nationwide as well as portable and emergency medical installations,” commented CEO Tommy Cloud in a statement. “We expect this to be a very profitable acquisition for the company.”
Telemedicus is a high-speed communications technology developed by Texas A&M University and the University of Texas Health Science Center. This technology was funded by $20 million in U.S. Military grants to the University. The news of this acquisition has helped LipidLabs’ share price by pushing it up 8 cents, or 32 percent, to 33 cents.
“We anticipate LipidLabs will generate 2007 revenues of up to $1 million, based on initial of the Telemedicus product beginning in the third quarter,” Mr. Cloud added.
Generating financing can help small companies move to the next level, or can put a company into a situation that could potentially make it impossible to receive more financing in the future.
In funding news today, 3P Networks Inc. (Pink Sheets: TPNW) announced that it has signed an underwriting agreement with Quote Platform Syndicate Inc. to raise $12 million using a 5-year term, convertible debenture financing. 3P Network is one of the fastest growing providers of integrated telecommunications services.
Zippi Networks Inc. (Pink Sheets: ZPNW) announced this morning that it recently signed a convertible financing agreement for up to $10 million in additional funding with Palm Valley Capital LLC.
“Palm Valley Capital’s funding agreement and the fact that Zippi has already met its first milestone is a strong testament to the strength of our business model and our financial partner, the structure of this financing creates a win for both sides allowing Zippi the financial strength it needs to be successful in this market,” stated Zippi CEO Robert A. Rositano Jr. “This round also sends a strong message that Zippi’s unique online sales structure, unprecedented pickup service, and advanced handheld device are resonating strongly with the financial community and the overall marketplace.”
The ability to complete such a large financing was hinging on Zippi’s ability to complete its product suite, as the financing is performance driven on specific milestones reached by the company.
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