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Oct 14, 2008 -- CDEX Inc. (OTCBB: CEXI | Quote | Chart | News | PowerRating) today announced the introduction of its latest product, the ID2 Narcolyzer(TM), at the COPSWEST Trade Show and Conference, recently held in Ontario, California. The ID2 Narcolyzer was featured at the CDEX display booth along with its sister product, the hand-held ID2 Meth Scanner(TM), showcasing CDEX's breakthrough technology for the law enforcement market. The Narcolyzer is an economical, table-top device which employs the same technology used in the CDEX ValiMed CCT system, currently installed at hospitals around the world. The ID2 Narcolyzer identifies illegal drugs within seconds using CDEX's patented enhanced photoemission spectroscopy. The unit will currently identify methamphetamine, cocaine, and heroin, and additional substances will be added based on market demand.
Steve Schmidt, VP of CDEX's Security Division, remarked, "The COPSWEST Show was a great success for CDEX. This prestigious conference featured over 300 exhibitors, a robust educational program and it attracted over 2,000 law enforcement officials eager to see the latest products and technology. We were the only exhibitor featuring illicit drug detection equipment and our booth was very busy from the opening until the closing bell. As we have seen at other demonstrations of our technology, there was fascination and interest for both of our featured products at the booth. The Meth Scanner provides a unique, reliable, and lightweight field instrument and the Narcolyzer is a fast, accurate, in-station device that can be purchased well below the price of conventional analytical equipment."
Mr. Schmidt went on to say, "The overwhelmingly positive responses at COPSWEST validated the efficacy of our technology for law enforcement applications. The products performed flawlessly. Based on the success of its public debut, we will now proceed to a formal launch process for the Narcolyzer and continued market development for the Meth Scanner. The introduction of a second product will build brand awareness for CDEX's ID2 family of illicit drug detectors and attract new distributors to drive increasing revenue streams going forward. We are very excited about our future as a supplier of unique products to help law enforcement in the battle against illegal drugs."
ABOUT CDEX
CDEX is a technology development company, currently manufacturing and globally distributing chemical detection products in the medication safety and security markets The Valimed(TM) product line provides life-saving validation of high-risk medications and returned narcotics. The ID2(TM) product line provides revolutionary new tools in the global battle against illegal drugs, such as methamphetamine. CDEX expects to advance its proprietary technology to serve additional markets and applications. Corporate headquarters and R&D facilities are located in Tucson, Arizona, with an international office in Paris, France.
Oct 14, 2008 -- Platina Energy Group, Inc. (OTCBB: PLTG | Quote | Chart | News | PowerRating) (FRANKFURT: O5Y) reports new oil well acquisitions in Oklahoma. Through Platina's local operating subsidiary, the new oil well acquisitions have lead to the discovery of new oil reserves previously unidentified, behind the pipe. According to local field experts, there are considerable hydrocarbons in several of the acquired wells and the advent of new technology has been the conduit for this discovery. This potential hydrocarbon discovery could lead to significant additional production.
"Oklahoma has previously been a small producer for Platina because of a challenging geological formation. We believe that we have recently cracked the code and will see significant results from new technology related efforts. With any luck, we will be reporting that progress over the next few weeks and will be looking forward to significantly increased production on this field," stated Blair Merriam, President of Platina Energy Group.
About Platina Energy Group
Platina Energy is an environmentally responsible, fast growing E&P strategic reserve Company. Since organization in 2005, it has acquired proven producing and proven non-producing reserves in addition to other possible reserves. The Company also owns rights to German inspired oil extraction technology. The Company continues to be aggressive in developing and acquiring new and existing producing fields.
Oct 13, 2008 -- Newly Revived Sharper Image Corp. (PINKSHEETS: SHRPQ | Quote | Chart | News | PowerRating) Signs Strategic Agreement. The Sharper Image today announced the signing of a $540 million, five-year licensing agreement with HoMedics, the world's leading manufacturer of personal health, wellness and relaxation products. The comprehensive agreement covers the use of The Sharper Image brand and intellectual property across a broad range of product categories.
HoMedics has been selected as a primary strategic licensee for The Sharper Image brand as it transforms its business model from a retailer to a global lifestyle brand licensor. Under this agreement, HoMedics will offer uniquely featured products in categories including: Home Environment, Electronics, Men's Personal Care, Men's Gifts, Health & Wellness, Weather and Concierge. The objective is to expand upon The Sharper Image's rich brand history which represents the values of quality, excitement and innovation.
"The Sharper Image is an iconic brand with tremendous positive consumer awareness, and we're extremely excited about how HoMedics can further boost our leadership in personal health, wellness and relaxation products while remaining true to The Sharper Image brand legacy," said Ron Ferber, president of HoMedics. "The agreement will allow us to enter into new categories that will complement our core business and will allow HoMedics to introduce new product innovations with a wider range of price points."
In May of this year, a group of private investors purchased The Sharper Image brand and intellectual property and have developed a global licensing strategy for wholesale, e-commerce, catalog and direct-to-retail (DTR) businesses. This approach will allow The Sharper Image brand to exist outside the confines of its historic core channels and on the shelves of leading retailers throughout the world.
"We are pleased that the strength of The Sharper Image brand has attracted a licensee of HoMedics' caliber," said Federico de Bellegarde, vice president of Licensing at The Sharper Image. "HoMedics is a terrific fit for The Sharper Image brand due to their extensive product development capabilities coupled with their significant relationships in the retail community. HoMedics understands The Sharper Image brand DNA and, with their newly developed products, shall set the standard for our brand objectives."
HoMedics will introduce their first collection of Sharper Image licensed products at both the Consumer Electronics Show in Las Vegas in January 2009 and the International Housewares Show in Chicago in March 2009. Products will be distributed through the Retail, Catalog, E-commerce and Hospitality industries across the U.S., Canada, Mexico, UK, Australia and New Zealand.
About The SHARPER IMAGE
The Sharper Image is a licensing company based in New York and owned by a joint venture between Hilco Consumer Capital - Toronto, Gordon Brothers - Boston, and Bluestar Alliance - New York. The company was acquired in May 2008 after a long legacy of developing innovative products through entertaining stores, e-commerce and award-winning catalogs. The Sharper Image currently has active licenses in RTA furniture, Luggage, Electronic Gifts, Replacement Ink Cartridges and is pursuing licenses in other product categories including: selective Consumer Electronics, Bath & Bedding, Cookware, Pet, Eyewear and Lawn & Garden.
ABOUT HOMEDICS
Founded in 1987 by Ron Ferber and Alon Kaufman, HoMedics began as a manufacturer of at-home massagers. Today, the family-owned business manufacturers and markets more than 250 personal healthcare and wellness products, which are available to consumers at 50,000 retail outlets in over 60 countries.
Oct 14, 2008 -- Vault Technology, Inc. (OTCBB: VULT | Quote | Chart | News | PowerRating) today announced that it has transferred its undivided interest in its mineral property; the Wollaston Lake Property. Along with the transfer of the property, the company has also satisfied the finance contracts related to the above-mentioned property. The company will now focus all of its efforts on the audiovisual integration and technology solutions market segments.
"Now that we have transferred ownership of the Wollaston Lake property, we can concentrate our efforts on the execution of our business plan and focus on audiovisual systems integrators and other technology solution providers," said Nick Arroyo, President and CEO of Vault. "We believe it is an opportune time to focus 100% of our efforts in the business that we have expertise in, and are confident in its growth potential," added Arroyo.
About Vault Technology, Inc.
Vault Technology, Inc. will focus on acquiring operating entities that deliver products and services related to audiovisual systems integration, home theater systems and digital media. Vault is actively engaged in the acquisition and development of breakthrough strategies for the next generation of enterprise system solutions. Always looking for new opportunities, Vault will carefully select businesses that meet our strategic goals and work to successfully integrate these ventures into a cohesive business unit.
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