InvestSource, Inc.: Edgetech International, Inc. Looks to Improve Position in PinkSheets

Sep 04, 2008 (M2 PRESSWIRE via COMTEX) -- PRXM | Quote | Chart | News | PowerRating -- Stocks in the News: Edgetech International, Inc. (PINKSHEETS: EGIL), Proxim Wireless Corporation (NASDAQ: PRXM), Sprint (NYSE: S), ARC Wireless Solutions, Inc. (NASDAQ: ARCW)

Sep 03, 2008 -- Edgetech International, Inc. (PINKSHEETS: EGIL | Quote | Chart | News | PowerRating) is pleased to announce that it is now working with Pink OTC Markets Inc. The goal is to elevate the Company within the market tier structure offered by Pink Sheets OTC Markets by providing certain financial and other company information. "The PC Edge" is the Fastest Mobile Internet Device which delivers High Speed Internet Access, displaying full HTML web pages, graphics and java script. "The PC Edge" offers a full desktop web experience, together with a full QWERTY keyboard, access to Office Suite of programs, 50 GB storage and Remote PC Access. Edgetech CEO, Lev Parnas stated, "In addition to the Company's 2008 Holiday Season Plan, we are also working with Pink OTC Markets to position the Company with the goal of shareholder value. We recognize the importance of managing our relationships with investors, brokers-dealers, market makers and market data distributors."

Sep 03, 2008 -- Proxim Wireless Corporation (NASDAQ: PRXM), a leading provider of end-to-end broadband wireless systems that deliver the quadruple play, today announced that, effective August 29, 2008, it has sold substantially all the assets of the Harmonix Division of its Terabeam Corporation subsidiary to Renaissance Electronics Corp. for approximately $5.3 million. As part of the transaction, Proxim and Renaissance entered into an agreement for the continued supply and support of the GigaLink radios developed and manufactured by Harmonix. This way Proxim can ensure an uninterrupted supply of these products to its customers. "This transaction truly was a win-win for Proxim and Renaissance," stated Pankaj Manglik, Proxim's Chief Executive Officer. "The components business of the Harmonix Division was non-core to Proxim's business, so this gives Renaissance the ability to capitalize on the technology assets of that division while providing Proxim a continued source of radios and operating cash to focus on our end-to-end broadband wireless product portfolio."

Sep 03, 2008 -- Students, faculty, staff and visitors at Vanderbilt University and Medical Center will now have additional wireless connectivity on campus. Sprint (NYSE: S), a long-time provider of wireless services to this campus, will provide an upgrade to the existing system, including additional network coverage on both the Nationwide Sprint Network and the Nextel National Network covering eight buildings on campus, an area of 3.8 million square feet. In 2004, Sprint installed an in-building system throughout the medical center at the university, including four CDMA and two iDEN towers on campus, a Sprint retail location on-site, and a dedicated account sales and support team housed on the campus. Advancements in technology, infrastructure modifications, and upgrades at VUMC increased the demand for additional network capability on the campus. With the new expansion of Sprint's in-building solutions, VUMC employees and staff will have access to Sprint's suite of differentiated solutions, including Sprint Mobile Broadband, Group Connect and Nextel Direct Connect. Employees and staff will also have access to Sprint Integrated Office, a solution used in both the hospital and other areas of the university. For example, within a hospital setting this solution is used to contact a nurse on duty. It allows the call to roll over from one nurse to another in case no one answers. The last call number in the group terminates to a desk phone, ensuring no call goes unanswered and unattended. "Continuous and reliable communications across a large campus is key to enhanced customer experience and worker productivity, thus making wireless connectivity a huge priority," says Darlene Braunschweig, vice president, Converged Network Solutions at Sprint. "At Sprint, we understand the needs of our customers and in return offer them a portfolio of converged solutions that meet their day-to-day operational requirements. This mutual understanding is the foundation of our continued strong partnership with Vanderbilt University and Medical Center."

Sep 03, 2008 -- ARC Wireless Solutions, Inc. (NASDAQ: ARCW | Quote | Chart | News | PowerRating) today announced that the company's Wireless Communications Solutions Division is shipping the ARC IES(TM) Generation II Enclosure, the newest addition to their ARC IES(TM) Integrated Enclosure Solution product line. The Gen II enclosure has a number of enhancements from the original enclosure including the patent pending universal mounting system that features tamper proof plugs and feed-through(s) and works with a number of radios. It also decreases installation time, increases reliability, reduces the number of inventory SKUs (Stock Keeping Units) and is RoHS (Restriction of Hazardous Substances) compliant. The ARC IES(TM) line of products includes fully integrated IP-67 enclosure solutions designed to facilitate numerous antenna and radio combinations. Both the Gen I and Gen II enclosures are compatible with many of ARC Wireless' antennas, ranging from 900MHz to 5.8GHz, including dual polarization, embedded, bolt-on and external stand-alone antennas. Custom versions of the ARC IES(TM) are being sold in the market today. ARC Wireless offers complete in-house mechanical and RF design for those companies wanting their own unique look. "Our new ARC IES(TM) Gen II Enclosure eliminates unnecessary electrical points of failure and time consuming assembly procedures. The fact that we can help our customers be the first to market with new solutions is one of the key benefits of our new universal mounting feature," says Todd Schaefer, ARC Wireless' Vice President of Sales. "Additionally, we are excited to report that our ARC IES(TM) program has been instrumental in adding South America to our existing international markets."

Market Wrap for September 3rd, 2008

Wednesday marked a choppy session for Wall Street, with the major indices settling in mixed fashion following a late-session recovery effort. The trading action came as traders digested volatile crude prices, a better-than-expected manufacturing reading and the Fed's Beige Book. In the end, the Dow rose 0.1%, while the S&P 500 and Nasdaq fell 0.2% and 0.7%, respectively. The Nasdaq's underperformance was largely due to some warnings out of the tech sector. The tech sector fell 1.7%. Shares of Corning (GLW 17.04, -2.46) were pummeled after the company issued a third quarter earnings warning due to lower-than-expected LCD glass shipments. The company cited an industry inventory glut. Semiconductor stocks fell 4.2%, after Corning's outlook raised demand concerns about LCD TVs, monitors and notebook computers. In addition, several semiconductor companies presented at the Citigroup Global Tech Conference. Financials (+1.4%) were an area of strength. Bond insurer Ambac Financial (ABK 8.61, +1.54) confirmed that it received regulatory approval from the Commissioner of Insurance of the State of Wisconsin to capitalize and restart Connie Lee Insurance, which will provide insurance for the municipal bond market. Lehman Brothers (LEH 16.85, +0.72) was once again in focus, with continued speculation that the struggling bank will be taken over or receive a capital infusion. The consumer discretionary (+0.5%) sector outperformed, benefiting from a 1.6% rise in retail stocks. Staples (SPLS 25.17, +0.40) reported a 16% year-over-year drop in its second quarter earnings per share, which matched Wall Street's forecast. Meanwhile, shares of General Motors (GM 11.36, +0.71) rose 6.7% after the automaker posted a smaller-than-expected decline in August sales. In other corporate news, Coca-Cola (KO 51.67, -0.29) is buying a Chinese juice company in a deal valued at roughly $2.4 billion. In economic news, factory orders remain surprisingly strong, with the fifth straight month of positive growth. July factory orders rose 1.3% (consensus +1.0%). Excluding transportation, orders rose 1.0%. In addition, unfilled orders were up 0.7%, marking the 29th increase in the last 30 months, and indicating that manufacturing sector will remain busy. Orders in June were revised higher to 2.1% from 1.7%. The Fed's Beige Book -- a collection of anecdotal economic reports from the 12 Federal Reserve districts -- showed an economic slowdown in most districts. At the same time, most districts continued to report price pressures due to the elevated costs of energy, food and other commodities. Wage pricing pressures were moderate, as the sluggish economic environment has allowed businesses to limit their salary increases. Crude oil prices traded in a volatile manner, falling as much as 2.3% before recovering to settle the day with a 0.3% loss at $109.42 per barrel. Commodities as a whole fell 0.5%.

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