Andover Medical, Inc. (OTCBB: ADOV) – Thursday’s shares decreased 6.67% to $0.56. 205,850 shares were traded. Andover Medical announced on May 24th that the Company closed a $1.7 million follow-on private financing on May 3, 2007. Edwin Reilly, Chief Executive Officer of Andover Medical, Inc. said, “This additional round of financing of $1.7 Million was made available to investors after closing our recently announced $5.6 Million equity financing in March of this year. We have demonstrated a continued ability to access the capital markets through strong investor demand for our newly issued securities. This indicates that our investors have confidence in our business strategy and share our vision for the development of Andover’s unified network of DME providers. Now as a funded company, Andover is more favorably positioned to execute as we build-out and realize the synergies from the creation of this national network.”
Andover Medical is building a single source provider of orthopedic, podiatric and urological durable medical equipment (”DME”) and incontinence treatment solutions. The Company intends to establish a nationwide subsidiary network and plans to offer practitioners the largest selection of competitively priced brand-name durable medical equipment, and urodynamic diagnostic and treatment products. Andover Medical is seeking to take advantage of projected growth and evolving economies of scale arising from consolidation in the procedure specific durable medical equipment (DME) and services segments of the orthopedic, podiatric, and urological physician care markets in the United States. By establishing a nationwide subsidiary network, AMI plans to offer physicians the largest selection of competitively priced brand-name DME, and urodynamic diagnostic and treatment products. These products include, devices to aid the recovery from Anterior Cruciate Ligament (ACL) surgery, knee replacements, and hip replacements.
Genesis Technology Group, Inc. (OTCBB: GTEC)
Genesis Technology Group, Inc. (OTCBB: GTEC) – Thursday’s shares went up 2.86% to $0.14. 42,700 was the volume. Genesis Technology Group announced on May 17th it has signed a leading Chinese pharmaceutical company as the sixth member of its private-to-public partnering program. Based on information provided by the Chinese company, fiscal 2006 revenues topped $92 million and net profits exceeded 16%. “Our newest partner company is decidedly our largest to date,” remarked Dr. Shaohua Tan, Genesis Director in Beijing. “Our U.S. executive team soon will assemble in China to conduct discussions on how to best utilize this well-established pharmaceutical company in our capital and growth program.
Genesis Technology Group, Inc. attempts to create value by partnering with Chinese companies deserving of global support from Western investors and funding sources. They have created a profit center by enhancing Chinese companies in a wide range of sectors, creating so-coined “partner companies”. Genesis makes a long-term commitment with management consultation, board of directors’ composition, creation and implementation of promising business models, which include expansion of markets in China and abroad. To help drive the success and profitability of these operations, Genesis provides resources and proficiency to maximize partners’ leadership potential first in China and attempts to increase high-margin, predictable earnings through organic growth and judicious acquisitions.
Tootie Pie Company, Inc. (OTCBB: TOOT)
Tootie Pie Company, Inc. (OTCBB: TOOT) – Thursday’s shares stayed even at $0.75. The volume was 10,990. The Tootie Pie Company announced on May 24th the opening of another out of state sales region with the addition of the Oklahoma City, Oklahoma division of Ben E. Keith Foods. In addition to Oklahoma, the branch also services accounts in Kansas, Missouri and Arkansas. Don Merrill, President and CEO of Tootie Pie Company, said, “Today’s news is testament to the quality of our pies and our combined sales efforts. As demand for our pies continues to grow, it is significant that we are seeing sales spread across state lines into other geographic regions through one of our primary distributors: Ben E Keith Foods.”
Tootie Pie Company, Inc. bakes, markets and sells high quality, handmade pies. Tootie Pie Company has three primary sales channels: retail, corporate and wholesale. The retail segment serves individual consumers through in-store sales at our Boerne storefront, orders via telephone and internet orders on their website. The corporate segment serves small businesses to large corporations that purchase the pies for gifts, events and/or personal use. The wholesale segment is made up of regional and national broad-line foodservice distributors (Ben E. Keith, Sysco, US Foods) who purchase our products and then resell them to their customers, such as restaurantshotels, charters, and coffee shops.
Deep Blue Marine Inc. (OTC: DPBM)
Deep Blue Marine Inc. (OTC: DPBM) – Thursday’s shares went up 28.00% to $0.032. 3,135,222 shares were traded. Deep Blue Marine announced on May 9th that the company is ready to start the 2007 dive season, and boats will return to the Woman Key Site as soon as the current low pressure system leaves and the weather changes. Divers plan to continue exploring the sonar hits and also to do much more extensive work in the proven areas this season. These areas include but are not limited to: large possible ballast pile located by sonar, ballast field located by Taz, high probability recovery site located by Old Charter Salvage (under contract to Deep Blue), wide sweep inspection of anchor and cannon ball sites located by Billy, wide sweep inspection of area where Ed and Gary found silver coin, surface and sub bottom search of the Kirby site located by Billy, and the search of 2,500 sonar hits in a 15 square mile plus area.
Deep Blue Marine is a new company that brings together rapidly developing technology and a wealth of experience in both recovery and business. DPBM works only thoroughly researched and permitted (where applicable) shipwrecks in responsible ways that address environmental concerns and preserve worthy marine antiquities. Deep Blue Marine has brought together some of the world’s premiere researchers, the most advanced, cutting-edge technology and equipment, and extensively experienced and expert crew and managers. Altogether, a company has been formed that will quickly succeed in recovering important treasures and artifacts from the great storehouse of the deep. In the coming season the Company will dive on known and permitted wrecks as well as establish exact locations of other known wrecks. While conducting operations, high standards are met for protecting archaeological interests and addressing environmental concerns. All work is faithfully video recorded.
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