Andover Medical, Inc. (OTCBB: ADOV) – Wednesday’s shares went up 5.26% to $0.60. 1,000 shares were traded. Andover Medical, Inc. announced on May 18th that it has closed the acquisition of Ortho-Medical Products, Inc. (”OMI”). Edwin Reilly, Chief Executive Officer of Andover Medical, Inc., said, “In this particular transaction and in the additional ones in process, some of the best informed, experienced, and knowledgeable owners and CEOs in the DME space are in various stages of negotiation to sell their companies to Andover Medical for consideration which has a large component of Andover Medical stock. With each transaction we complete, I grow more confident in the future successful build-out of our nationwide subsidiary 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) – Wednesday’s shares closed down 6.67% to $0.14. The volume was 264,700. 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) – Wednesday’s shares decreased 11.76% to $0.75. 34,975 was the volume. The Tootie Pie Company announced on May 17th that it won First Place at the 2007 APC/Crisco® National Pie Championship, Commercial Division, held recently in Orlando, Florida. The National Pie Championship is conducted annually by the American Pie Council (APC). Contestants come from all over the country and compete in several categories, including Amateur, Professional, and Commercial. For more information, please visit their website at www.piecouncil.com. Don Merrill, President and CEO of Tootie Pie Company said, “This award confirms what our growing customer base already knows: Our pies are extraordinary. Our recipes are exclusive and our bakers prepare each pie by hand, resulting in the very best pie…a winner! I am thrilled to receive this prestigious award on behalf of the entire Tootie team.”
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) – Wednesday’s shares closed down 10.71% to $0.025. 1,141,194 shares were traded. Deep Blue Marine, Inc. announced on May 23rd the completion of preliminary research and have compiled information on 2 significant wreck sites in 80 feet of water off the coast of the United States. The country of origin of the 2 ships has not yet been determined however there is a considerable debris field to be explored. The company plans to do some preliminary diving to recover enough artifacts to file an Admiralty Arrest on both sites and anticipates that the exploratory diving will take place in the summer of 2007. Recovery could be slated for as early as 2008 due to the sites the company has already committed resources to. Randy Champion, Vice President of Deep Blue Marine, states, “This is significant in that it gives us more sites to explore in the next couple of years. Combined with what we are currently working on and the sites we are getting ready to commence work on this summer, we will be busy for the next ten years.”
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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