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Reports Critical NEWS ALERTS -- Alanco Technologies, Inc. (NASDAQ: ALAN), MMRGlobal, Inc. (OTCBB: MMRF), Concierge Technologies, Inc. (OTCBB: CNCG), Magic Software Enterprises Ltd. (NASDAQ: MGIC): Sign-up for our FREE Stock Alerts TODAY!
(M2 PressWIRE Via Acquire Media NewsEdge) www.OTCtipReporter.com Reports Critical NEWS ALERTS -- Alanco Technologies, Inc. (NASDAQ: ALAN), MMRGlobal, Inc. (OTCBB: MMRF), Concierge Technologies, Inc. (OTCBB: CNCG), Magic Software Enterprises Ltd. (NASDAQ: MGIC)
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Alanco Announces Strategic Initiatives Supporting Company's Refocus on Wireless Asset Management Business
Plan Includes: Reverse Stock Split; Corporate Name Change and Consolidation; Strategic Alternatives Evaluation
SCOTTSDALE, Ariz. -- 08/23/2010 -- Alanco Technologies, Inc. (NASDAQ: ALAN), today announced strategic initiatives to support the Company's refocus on its StarTrak wireless asset management business, following its August 18, 2010 asset divestiture program completion.
Reverse Stock Split to Retain NASDAQ Listing: The Company believes that continued NASDAQ listing is crucial to maximize long-term market valuation and trading liquidity of the Company's common stock. Therefore, Alanco will implement a shareholder-approved reverse stock split to maintain compliance with the NASDAQ minimum $1.00/share bid price listing requirement. The Company expects the stock split, at a ratio still to be determined, to go into effect in late August 2010.
Corporate Name Change: The Company plans to execute a corporate name change, subject to shareholder approval, to reflect the refocused business and recognition of the StarTrak brand as the leading wireless asset management solution for the refrigeration transportation market.
Corporate Consolidation: Alanco plans to consolidate its corporate headquarters into StarTrak's existing offices in Morris Plains, New Jersey by calendar year-end, which should result in improved communications and operational support.
Evaluation of Strategic Alternatives: The Company will solicit investment banker advice to evaluate strategic alternatives available to enhance shareholder value. The Company anticipates that a range of options will be developed as a result of this process for review with its board of directors and advisors. Although the Company is committed to maximizing shareholder value, there can be no assurance of any particular outcome or course of action.
Robert R. Kauffman, Alanco Chairman and CEO, commented, "With the successful completion of our asset divestiture strategy, we can now focus on achieving the full potential of our StarTrak business, which is on pace for projected growth of 35% to over $20 million in FY2011. Also, as the Company transitions from the holding company structure, we are implementing a management succession plan to select an outstanding candidate to eventually assume my CEO responsibilities, and guide the new Company's exciting future growth plan."
Alanco Technologies, Inc. provides wireless monitoring and asset management solutions through its StarTrak Systems subsidiary. StarTrak Systems is the dominant provider of tracking, monitoring and control services to the refrigerated or "Reefer" segment of the transportation marketplace, enabling customers to increase efficiency and reduce costs of the refrigerated supply chain. For more information, visit the Alanco website at www.alanco.com or StarTrak Systems at www.startrak.com.
EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE, BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR INFORMATION TECHNOLOGY EQUIPMENT; COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW TECHNOLOGIES THAT MAKE THE COMPANY'S PRODUCTS OBSOLETE; RAPID INDUSTRY CHANGES; FAILURE OF AN ACQUIRED BUSINESS TO FURTHER THE COMPANY'S STRATEGIES; THE ABILITY TO MAINTAIN SATISFACTORY RELATIONSHIPS WITH LENDERS AND REMAIN IN COMPLIANCE WITH FINANCIAL LOAN COVENANTS AND OTHER REQUIREMENTS UNDER CURRENT BANKING AGREEMENTS; AND THE ABILITY TO SECURE AND MAINTAIN KEY CONTRACTS AND RELATIONSHIPS.
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MMRGlobal Signs Agreement With Image Access, Kodak's Largest Reseller, to Offer MMRPro to Hospitals and Doctors
LOS ANGELES, CA -- 08/24/10 -- MMRGlobal, Inc. (OTCBB: MMRF) (www.mmrglobal.com) through its subsidiary, MyMedicalRecords, Inc. (www.mymedicalrecords.com), a leading provider of Personal Health Records (PHR) technology and professional document management and imaging systems, today announced the signing of a distribution agreement with Image Access Corporation, Kodak's largest reseller of document imaging products and services. Image Access, in business for over 20 years, will sell the MMRPro electronic document management solution to hospitals, alternate care facilities and physician practices and clinics (www.mmrprovideos.com).
Robert H. Lorsch, Chairman and CEO of MMRGlobal, commented, "We are excited about Image Access joining our growing list of resellers in support of the deployment of MMRPro. Image Access through its offering of MMRPro enables its customers to take the first step toward meaningful use."
MMRGlobal also recently announced its move to new corporate headquarters, expanding its office space by more than 300%. The offices are located in the Associated Television International building (www.associatedtelevision.com), the Company's strategic media and advertising partner, at 4401 Wilshire Blvd. 2nd Floor, Los Angeles, California 90010. The move will enable MMRGlobal to house development resources from its technology partner, Nihilent in India. The two companies are working together in support of MMRGlobal's worldwide expansion of its products and services, including China.
About MMRGlobal, Inc.
MMR Global, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, financial institutions, and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time through an integrated patient portal. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMR Global, Inc. and its products, visit www.mymedicalrecords.com and view the videos at www.mmrtheater.com.
Forward-Looking Statements
Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue," or the negative of these words. MMRGlobal, Inc. disclaims any intent or obligation to revise or update any forward-looking statements. These forward-looking statements are based on MMRGlobal, Inc.'s reasonable expectations as of the date of this press release and are subject to risks and uncertainties that could cause actual results to differ materially from current expectations. The information discussed in this release is subject to various risks and uncertainties related to changes in MMRGlobal, Inc.'s business prospects, results of operations or financial condition, government regulation and initiatives, uncertainties associated with doing business internationally across borders and territories, and such other risks and uncertainties as detailed from time to time in MMRGlobal, Inc.'s public filings with the U.S. Securities and Exchange Commission.
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Concierge Takes on New Partners in Vehicle Accident Recording Technology
CLEVELAND, Aug. 23, 2010 -- Concierge Technologies, Inc. (OTCBB:CNCG) has entered into the business of distributing leading-edge surveillance cameras to commercial and private vehicles capable of recording automobile accidents in real time. The business will be operated through Concierge's subsidiary Wireless Village. To staff the effort and secure the exclusive distribution contract for North America, Concierge will convey approximately 49% of its ownership in Wireless Village allocated to key personnel including Tibet System Co., Ltd., (manufacturer located in South Korea), Gonzalez & Kim LLC (a San Francisco based firm specializing in strategic planning, legislation and public policy), and the principals of 3rd Eye Cam (North American distributor). Wireless Village has been installing video surveillance systems in the Cleveland, OH and Southern California areas over the past year and this new mobile recording technology is expected to greatly expand their market presence. Concierge will retain majority interest in the venture.
3rd Eye Cam has already established a market for commercial fleets, primarily the taxi industry, and has delivered product to taxi operators in major U.S. Cities including San Francisco, New York and Washington D.C. Concierge will continue to reach out to other municipalities and transportation companies to adopt these mobile recording devices. Cameras are currently available online at www.3rdeyecam.com. Wireless Village will begin doing business under the name "3rd Eye Cam" within the next several weeks.
To assist with start-up capital requirements, Gonzalez & Kim are funding a convertible debenture to Concierge in the amount of $100,000. The debenture matures in 2 years and can be converted to Concierge Series B Convertible, Voting, Preferred stock at a rate of $.20 per share. Gonzalez & Kim will also be paid a loan commitment fee of 40,000 shares of Concierge Series B Convertible, Voting, Preferred stock.
Commenting on the transaction, David Neibert, CEO of Concierge, said, "This is a significant step in the development of Concierge's new business. The market for mobile recording devices to capture accidents and other incidents is growing exponentially and we believe we now have the best product in the marketplace. The industry expertise brought by Gonzalez & Kim and 3rd Eye Cam give us an advantage over our competitors. In the coming months we will be refocusing our core business to meet the demand for this technology which will be reflected by changes to our web sites, management and operating personnel. Our goal is to continue to build shareholder value through profitable operations. I believe we have made progress towards that aim with this latest transaction."
The statements contained in this press release that are not historical facts are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of our future performance, acquisitions or dispositions of interests, debt obligations, additional financing requirements, the effect of economic conditions generally and in the communications and information technology markets specifically, and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. These and other factors may cause actual results to differ materially from those projected.
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Magic Software Signs Four New UK and Eire Partners
All four partners to use Magic Software's iBOLT business integration suite to efficiently integrate business applications for their respective customers
OR-YEHUDA, Israel, Aug. 24, 2010 -- Magic Software Enterprises UK, a subsidiary of Magic Software Enterprises Ltd. (Nasdaq: MGIC), a global provider of cloud and on-premise enabled application platform and business integration solutions, announced today that they have signed four new partners in the UK and Eire; Admiral Technology, Nexus 451, Forza Consulting and SMB Group.
All four partners will be using the iBOLT business integration suite to provide rapid, code-free application and data integration for their respective customers.
Commenting on the new partnerships, David Akka, Managing Director for Magic Software UK, Eire and the Nordics said, "We are very happy to be extending our partner network to include Admiral Technology, Nexus 451, Forza Consulting and SMB Group. These new partnerships will help us provide our uniquely business-focused integration technology for projects that demand speedy integration coupled with an intuitive and adaptable framework for future growth and easy customization."
Admiral Technology will be using iBOLT for JD Edwards and iBOLT for Salesforce.com to focus its attention on the small and medium sized business market and will be providing high value, enterprise class consulting without the traditional software consultancy price tag.
Nexus451, based in Dublin will be using the iBOLT for Salesforce.com integration suite to provide Salesforce.com integration with a range of other on-premise enterprise applications, enabling customers to view a fuller picture of their business operations.
UK based SMB Group have utilized the iBOLT for SAP integration suite to launch SmartCX, an SAP process integration solution that integrates all data and processes across multiple application environments (including Microsoft Applications) and eliminates the need for individual software interfaces.
Forza Consulting are currently using iBOLT for JD Edwards to integrate and enhance the capabilities of Oracle's JD Edwards EnterpriseOne and JD Edwards World ERP systems for customers throughout Europe and will now be offering their services to the UK market.
iBOLT Resources
* Find out more about iBOLT
* Video: iBOLT for Salesforce.com
* Video: iBOLT for SAP
* Video: iBOLT customer stories
Notes for Editors
iBOLT is a code-free business and process integration suite. The product works seamlessly with solutions such as SAP Business One, SAP ERP, Salesforce.com, Oracle JD Edwards, IBM i applications and databases (AS/400), Lotus Notes applications, forms and databases, healthcare systems using HL7, Microsoft Dynamics CRM, Microsoft SharePoint, EDI systems, and many more.
iBOLT versions 2.5 and 3 have been certified by SAP. Magic Software is also the recipient of the "2005 Solution Partner Leadership in Innovation" award, the "2006 ISV Partner Quality Excellence Award" from SAP America and the "2008 Global Solution Partner Award" from SAP AG.
iBOLT 3 is a Salesforce.com AppExchange certified product and Magic Software is a Salesforce.com AppExchange partner.
About Magic Software
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is a global provider of on-premise and cloud-enabled application platform solutions - including full client, rich internet applications (RIA), mobile or Software-as-a-Service (SaaS) modes - and business and process integration solutions. Magic Software has 13 offices worldwide and a presence in over 50 countries with a global network of ISVs, system integrators, value-added distributors and resellers, as well as consulting and OEM partners. The company's award-winning, code-free solutions give partners and customers the power to leverage existing IT resources, enhance business agility and focus on core business priorities. Magic Software's technological approach, product roadmap and corporate strategy are recognized by leading industry analysts. Magic Software has partnerships with global IT leaders including SAP AG, salesforce.com, IBM and Oracle. For more information visit about Magic Software and its products and services, visit www.magicsoftware.com, and for more about our industry-related news, business issues and trends, read the Magic Software Blog.
Except for the historical information contained herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based upon a number of factors including, but not limited to, risks in product and technology development, market acceptance of new products and continuing product conditions, both here and abroad, release and sales of new products by strategic resellers and customers, and other risk factors detailed in the Company's most recent annual report and other filings with the Securities and Exchange Commission.
Magic is the trademark of Magic Software Enterprises Ltd. All other trademarks are the trademarks of their respective owners.
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Thrupoint is committed to providing unsurpassed technology and consulting services to leaders in the networked economy. We deliver value to our partners by giving them access to our award winning Ubiquity communications platform and NGIC Applications. Our ecosystem is at the ready to help propel the sales of our partners with best-in-class technology solutions, combining strategic resources to deliver high-value competitive advantage to our clients.
