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SATM...
the trading range for the last 7 trading days has been 0.25 to 0.7. 0.35 has been holdin strong as support keeping the stock above a down trend that it broke out of. stocks tend to gravitate towards and fill gaps that occur and can be seen on charts. the gap that needs to be filled is from 0.7 to 0.75, which should become support since there is another from 0.9 to 0.10. With the 50 day moving average sitting in the middle of the second gap that,imo, confirms to me the stock should gravitate there. |
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SatMAX Corp. Wins Agreement With Large Provider of Government Services & Products
TLC Engineering Has Agreed to Sell SatMAX(R) Equipment to Its First Responder Customers HOUSTON, TX, Dec 29, 2009 (MARKETWIRE via COMTEX) -- SatMAX Corp. (PINKSHEETS: SATM), a leading global provider of wireless, non-line-of-sight satellite communications products and services to the $46 billion ground-based satellite communications industry, announced today a new reseller agreement with Houston-based TLC Engineering, Inc. ("TLC"). TLC (TLC Engineering Home Page) was recently awarded United States General Services Administration contract (number GS10F0267T within the Schedule 871-PES program.) TLC has agreed to offer the SatMAX(R) line of satellite communications extenders to U.S. Governmental Departments and Agencies as well as State and local government customers that are our First Responder agencies. TLC currently serves several Federal Agencies and local governmental entities throughout the Gulf Coast region, including FEMA, the City of Houston, and the Houston Metropolitan Transportation Authority. TLC holds contracts for disaster recovery and relief for a major portion of the Gulf Coast including Texas, Louisiana, and Mississippi. "SatMAX(R) is a terrific product for our first responder and disaster recovery client base," said Tony Council, CEO of TLC Engineering. "We anticipate strong customer support for SatMAX." With a successful TLC marketing effort, SatMAX would benefit from the extended market place exposure to the emergency market. SatMAX(R) is an advanced communications system that enables users to quickly and easily make fully wireless, satellite voice and data communications available from any non-line-of-sight location. With SatMAX(R), customers have the ability to access dependable and uninterrupted satellite communication from indoor locations. Available as both fixed and mobile units, SatMAX(R) creates a satellite communications "hotspot," allowing maximum flexibility by enabling multiple callers to use Iridium-based satellite phones in both indoor and outdoor settings. About SatMAX SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. For more information, please visit www.echosatcom.com; or view our product information video at SatMAX. About TLC TLC Engineering, Inc. (TLC) is a full service organization providing consulting, engineering, construction, technical recruiting & business administrative staffing services ensuring cost effective solutions to the petrochemical, energy-utility, construction, and business industry. TLC has been awarded a GSA Schedule #871-PES (Professional Engineering Services), Contract #GS10F0267T with the General Services Administration and is seeking contracting opportunities at this time. For more information please visit TLC Engineering Home Page. To view this release in video format: http://vodnewswire.com/vodnewswire/n...corp-20091229/ Forward-Looking Statements |
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SYNW...
not too far of the 52 week lows,settled back in on recent support, MACD still trending higher, 50 day moving average is at 0.56. Yesterday's gap up and sell off could be attributed to profit taking after a good rally the previous day. Would like to see an opening between 0.25-0.30 to signal the start of a rally back to and through 0.40 |
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SATM
+ 10 % RSI LINE @ 36.90 up trend Mac D approaching the signal ADX @ 48.58 also on an up trend All charts are positive I do believe SATM is a definate steal and will become a strong play comming into the new year. |
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SatMAX Corporation Restructures Debt in Anticipation of Global Expansion
Balance Sheet Debt Would Be Reduced .Companies:Satmax Corp..Press Release Source: SatMAX Corporation On Tuesday January 5, 2010, 4:43 pm EST HOUSTON, TX--(Marketwire - 01/05/10) - SatMAX Corp. (Pinksheets:SATM - News), a leading global provider of wireless, non-line-of-sight satellite communications products and services to the $46 billion ground-based satellite communications industry, announced today that it has developed a financing plan for 2010 that restructures and eliminates approximately $800,000.00 in debt the company has acquired since its inception. The successful conclusion of this restructuring would significantly improve the company's balance sheet and should enable to company to strike more favorable terms with vendors and suppliers. The year 2009 was important for SatMAX. The company negotiated deals with big names in the defense industry, government entities and important resellers. Some heavy hitters of 2009 include: completing two equipment deliveries to ITT for satellite installations and equipment; and the year-end signing of an agreement with SBA 8(a) certified TLC Engineering, allowing for SatMAX equipment to be introduced to Federal agencies and emergency response teams in the Houston/Gulf Coast region. The acquisition of these high profile partners is designed to lead to an increase in consumer awareness overall of SatMAX products. SatMAX� is an advanced communications system that enables users to quickly and easily make fully wireless, satellite voice and data communications available from any non-line-of-sight location. With SatMAX�, customers have the ability to access dependable and uninterrupted satellite communication from indoor locations. Available as both fixed and mobile units, SatMAX� creates a satellite communications "hotspot," allowing maximum flexibility by enabling multiple callers to use Iridium-based satellite phones in both indoor and outdoor settings. About SatMAX SatMAX Corporation is dedicated to providing global wireless, non-line-of-sight, satellite voice and data communications links to government, military, and commercial and industrial customers. For more information, please visit www.echosatcom.com; or view our product information video at SatMAX. VOD Newswire Video Format: SatMAX Corporation Restructures Debt in Anticipation of Global Expansion : VoD Newswire Forward-Looking Statements Certain statements contained in this release issued by SatMAX Corporation (the "Company") that are not historical facts are "forward-looking" statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, and because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements are statements regarding the intent, belief, or current expectations, estimates, or projections of the Company, its directors, or its officers about the Company and the industry in which it operates and are based on assumptions made by management. Although the Company believes that its expectations are based on reasonable assumptions, it can give no assurance that the anticipated results will occur. When issued in this report, the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," and similar expressions are generally intended to identify forward-looking statements. |
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SATM...
yesterday's extreme light volume caused a gap down on the open and it stayed there all day. Looking for volume to come back and fill the gap up to 0.31 and carry it higher.50 day is 0.80 and the 200 day is 1.41 |
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