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HQ Sustainable Maritime Industries, Inc. (AMEX: HQS | Quote | Chart | News | PowerRating) closed at $15.17 Friday, trading 79,152 shares.
Company News- August 4, 2008: HQS Rolls Out Personal Healthcare Products to Watsons Stores in Hong Kong
HQ Sustainable Maritime Industries, Inc. (AMEX: HQS | Quote | Chart | News | PowerRating) ("HQS" or the "Company"), a leader in toxin-free integrated aquaculture and aquatic products including fish byproduct personal healthcare products, announced earlier today that the Company will supply personal healthcare products to Watsons Stores in Hong Kong as part of Watsons' theme of "Value Added Living." This product launch will introduce the Company's "Omojo" brand to Hong Kong. The brand name builds on a "Mojo" theme that adds an "O" for water (French "eau," or Ocean also Omega 3). "Omojo" is an upbeat theme, bringing the "Magic of O" to its customers while complementing "Value Added Living" for active people of all ages. This introduction of "Omojo" products in Hong Kong follows the brand's initial rollout in San Diego at the "Bio International Show" in June of this year.
"Watsons Stores are an excellent platform for our high-end personal healthcare products. There are high standards for marketing healthcare products in Hong Kong. We believe that success in the Hong Kong market should give us a marketing platform for other markets. A number of brands have done well in China because of successful Hong Kong rollouts. We will be showing our 'Omojo' products in Moscow in September, and hope to bring some products to the United States by the end of the year," said Norbert Sporns, CEO of HQS.
The "Omojo" product line includes a number of items made by HQS from fish byproducts. Products are made from cartilage extract which improves the immune system, oils that increase the blood's ability to absorb oxygen, vitamins A, D and E, and Omega 3. "Omojo" products target all age groups.
The products are in pill format and in addition to broad health benefits for all consumers (vitamins A, E and D and Omega 3), each product targets particular health benefits for each age group; -- immune system and bone density improvement from fish cartilage for older people, -- blood oxygen enhancement from fish oils for active adults and AKG and -- enhanced DHA Omega 3 for the young from fish oils.
More products including an anti-wrinkle fish cartilage extract (consumed both as a pill and applied topically) already sold by HQS in China, are expected to be added to the Hong Kong rollout later this year.
About Watsons Stores Watsons is the largest health and beauty retail chain in Asia operating over 1,550 stores and 1,000 pharmacies in 13 markets -- Hong Kong, Taiwan, Mainland China, Macau, Singapore, Thailand, Malaysia, the Philippines, Korea, Turkey, Indonesia, Estonia and Slovenia. In Hong Kong, Watsons currently has over 150 stores and 1,600 employees. See: http://www.aswatson.com/
About HQ Sustainable Maritime Industries, Inc.
HQ Sustainable Maritime Industries, Inc. is a U.S. vertically integrated aquaculture and aquatic product producing, processing and distributing company with operations in the province of Hainan, in the South China Sea, the People's Republic of China. The Company is dedicated to environmentally sustainable toxin-free production and processing methods which give its customers the highest-quality products possible. The Company holds HACCP certification from the U.S. FDA and has an EU Code assignment of quality. The processing plant and the Company's operations were certified by the Aquaculture Certification Council (ACC) to meet Best Aquaculture practices (BAP) set by the Global Aquaculture Alliance (GAA). The Company's nutraceutical and healthcare products have passed stringent laboratory tests and are certified by the China and Hong Kong Ministry of Health, and also are HACCP and PRC GMP certified. HQS' corporate headquarters is in Seattle.
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Micro Imaging Technology, Inc. (OTCBB: MMTC | Quote | Chart | News | PowerRating) closed at $0.26 Friday, trading 103,333 shares.
Company News- August 4, 2008: MIT 1000 System Receives Excellent Independent Evaluation Results
Micro Imaging Technology, Inc. (OTCBB: MMTC | Quote | Chart | News | PowerRating) announced earlier today that its product, the MIT 1000 Rapid Microbial Identification System, has received additional test results from two independent evaluators. Recently, the Company announced that the USDA's chief scientific center, Agricultural Research Service, and Pacific Coast Analytical Services (PCAS), a full service testing laboratory, are evaluating the MIT 1000 system for the detection and identification of the most widespread food pathogens; including Listeria, E.coli, and Salmonella.
The MIT 1000 is being compared with conventional testing processes and evaluated for identification accuracy, speed, and test costs. The evaluation protocol required that the MIT System be tasked with correctly identifying the Listeria bacteria and correctly identifying other organisms as not Listeria. The latter is to test the System's vulnerability for false positive results.
The combined results after 115 Listeria confirmation tests and 153 false positive tests conducted were: The MIT 1000 recorded a perfect 100% score for the confirmation tests and had only 13 false positive that were all attributed to the misidentification of only one bacterial species, Aeromonas hydrophila as Listeria.
"We are delighted with the results received by both organizations. While the false positive results were higher than we would like, they are competitive with other bacteria identification systems. Also, given that the false positives were isolated to one specie only, adding it to our database will eliminate future false positives for that species," stated Michael Brennan, MIT's Chairman. "The continued feedback by our evaluators enables us to make further improvements to the System which was one of the main objectives of these evaluations," stated John Ricardi, MIT's VP of Business Development.
About Micro Imaging Technology
The Company has developed and patented a technology for rapid microbe detection and identification. This System measures scattered light intensity as individual microbes pass through a laser beam. The intensity pattern of the scattered light is a direct consequence of the size, shape and external and internal optical characteristics of the microbe. The MIT System is totally GREEN, is non-biological, and does not rely on biological agents, conventional chemical processing, fluorescent tags, gas chromatography or DNA analysis -- uses only clean water as a test medium.
MIT has demonstrated the ability to detect and identify, within several minutes, the microbes Escherichia coli, Listeria, Salmonella, Staphylococcus aureus, and other pathogenic bacteria. MIT recently performed over 300 tests for the identification of the aforementioned contaminants and scored 95% accuracy. The System can currently identify 23 species of bacteria and is easily expandable. The identification process has been verified by North American Science Associates, Inc. (NAMSA), an independent, internationally recognized biological testing laboratory. The NAMSA Test Report compiled from their own tests, in the Company's opinion, demonstrated the accuracy, speed and efficiency of the MIT System over conventional processes and is available from the Company. The Company is in the process of completing another independently designed evaluation test; conducted by the Association of Analytic Communities (AOAC).
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