Stocks in the News: GoIP Global, Inc. (PINKSHEETS: GOIG), The Evermedia Group, Inc. (PINKSHEETS: EVRM), WisdomTree (Pink Sheets: WSDT), Bergamo Acquisition Corp. (Pink Sheets: BGMO)
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GoIP Global, Inc. (PINKSHEETS: GOIG)
NEW YORK, NY -- 10/26/10 -- GoIP Global, Inc. (PINKSHEETS: GOIG) (FRANKFURT: 3GG) today provided information on the Patent Asset owned by Worldlink UK which US rights have been assigned to Worldlink's US subsidiary. The UK patent was granted on 13 November 2001 (patent number GB2358768B). Subject to payment of all appropriate renewal fees, this patent will remain in force until 26 May 2020. In addition to the UK patent, there is a European patent (application number 00950122.2) pending that was published on 13 April 2000 to cover 19 countries. In the US, patent number 7,194,468 was filed 13 April 2000 and granted on 20 March 2007.
Briefly the patent relates to the supply of real time information to subscribers via a mobile telecommunications network and in particular, the sending of an initial set of data to a subscriber and to subsequently sending only changes to the original data set as and when a change occurs. This allows a fast update of the desired information despite the narrow bandwidth of the mobile telecommunications network such as the GSM standard.
There are 5 key elements of the patented process which can be very briefly summarized as below:
• The process is over a mobile telecommunications network.
• The user creates their own "account" or "profile."
• All profile data is sent when the user first connects.
• Only the changing data is sent thereafter.
• The data is sent automatically.
The central features of the patent are that it relates to the mobile telecommunications network and that receipt of change data is automatic. The data can be received by any mobile telecommunications device such as Phone, BlackBerry or iPhone. Potential markets of the patent are wide reaching, in particular for use within the financial services market whereby a subscriber can set up their own portfolio of shares for example, and receive automatic updates for any movement in the share price of those companies established within the original profile. Other potential markets include sport, and the company has had a particular focus on the horseracing sector, sports data, internet TV and so on.
The ongoing technological development of mobile broadband is significantly opening the opportunities to exploit the patented technology. The patent has been confirmed as effective across some 20 different mobile technologies including 3G, 4G, etc.
Neil Riches, CEO of Worldlink, UK, commented, "It has been suggested to us that the patent is worth hundreds of millions of dollars and it's not difficult to see why that is the case. In the last ten years generally and especially in the last two years, the market for changing mobile data has exploded as mobile bandwidth has increased, cost of data transfer has fallen and of course as smart phones have become increasingly the norm. The new rush to tablet devices like the iPad gives another jolt of energy to an already vibrant market. The patented methodology remains the most effective and efficient process for transmitting changing data in real time."
Ike Sutton, GoIP's CEO, stated, "We could see the exceptional value in the Worldlink technology as soon as we read the patent and certainly believe that its value is substantial, in the order of hundreds of millions of dollars as Neil is suggesting. The technology is so fundamental to this major market we can only see the value increasing with time as the market grows. It's great news for GOIG to be part of this developing story."
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The Evermedia Group, Inc. (PINKSHEETS: EVRM)
BOSTON, MA -- 10/26/10 -- System Technology Solutions, Inc. (STS), a wholly owned subsidiary of The Evermedia Group, Inc. (PINKSHEETS: EVRM), is pleased to announce its subcontract to service Support/Solutions for the Information Technology Enterprise (SITE), a Defense Intelligence Agency (DIA) contract. Classified as top secret, STS is situated to provide DIA with wide ranging IT solutions as a subcontractor to a top 100 federal defense services provider.
Task orders have been recently announced and won by STS's Prime. These assignments are to provide information assurance and computer network defense to protect U.S. computer systems from external threats. Charged with the responsibility of updating government organizations to meet current and future technology requirements, STS is a member of the Prime's DIA SITE team under the subcontract. SITE is an Indefinite Delivery/Indefinite Quantity (IDIQ) contract. Carrying a $6.6 billion ceiling, SITE is scheduled to operate over the course of the next five (5) years.
President of STS, Dick Weitzel commented on the SITE subcontract saying, "We expect to capture a large number of task orders through this contract. STS is very confident in the assets we can provide to our Prime and we're very excited moving forward with SITE."
Jonathan Sym, CEO of the Evermedia Group noted that, "Dick and the STS team have worked very hard to garner outstanding subcontracting relationships with some of the country's premier defense service providers. We are very proud to be involved with such an important contract and we look forward to supporting it to the best of our ability. We look forward to keeping our shareholders updated when future task orders emerge."
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WisdomTree (Pink Sheets: WSDT)
NEW YORK--(Oct 26)-- WisdomTree (Pink Sheets: WSDT), an exchange-traded fund (“ETF”) sponsor and asset manager, announced today a collaboration with Compass Group Holdings S.A., a leading investment consultant and asset manager in Latin America, to market WisdomTree’s ETFs in Latin America.
“As ETF adoption increases throughout Latin America, we are pleased to team up with one of the leaders in this important market to further broaden our footprint,” said Bruce Lavine, WisdomTree President & COO. “This strategic alliance marks our most recent initiative in Latin America, which started in 2008 with the approval of certain WisdomTree ETFs by the Chilean Pension Regulator ComisiĆ³n Clasificadora de Riesgo (CCR), and continued earlier this year with the listing of nine of our funds on the Mexican stock exchange, Bolsa Mexicana De Valores (BMV).”
Daniel Navajas, Regional Head of Institutional Advisory, Compass Group, commented, “We believe WisdomTree’s fundamentally-weighted equity ETFs and currency income ETFs present attractive, differentiated offerings for institutional investors in Latin America.”
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Bergamo Acquisition Corp. (Pink Sheets: BGMO)
NEW DELHI & LAS VEGAS--(Oct 26)-- Bergamo Acquisition Corp. (Pink Sheets: BGMO) announced today that Bergamo Harbinsons Energy, Ltd., a Joint Venture Company with Bergamo Acquisition Corp. USA, has entered into a joint development agreement with Pilot Technologies, Ltd. of New Delhi, India. The agreement totals 1.95 Billion Rupees or $41.5 Million USD. Initial funding was received today in the form of a check for 200 Million Rupees or $4.3 Million USD. This is based on the most recent exchange rate.
The handing over of the check in New Delhi is pictured at this link along with other key details: http://www.bergamocorp.com
Pilot Technologies, Ltd. is an ISO 9001 certified Company which manufactures and provides technology for SMF Batteries and VRLA Batteries used in Solar Power Thermal Plants and other power back up applications. The Company is also in the business of renewable energy and constructs Solar and Solar Thermal Hybrid Power Projects in India.
The Turn Key Agreement between the parties is for the sale of a 10MW Solar Hybrid Thermal Power Plant in Nalagarh District, Himachal Pradesh, India. The agreement was reached between Subhash ShIshodia, CEO of Bergamo Harbinsons Energy, Ltd. and Mr. K Gaurav, Executive Director of Business Development for Pilot Technologies, Ltd. India. Both men are pictured on the Bergamo web site.
The plant will be procured by Bergamo Harbinsons Energy Ltd. and will be supplied by a California based solar technology company. More information on this agreement and other business will be announced later this week.
Hillard Herzog, President and CEO of Bergamo Acquisition Corporation, noted, "I am excited to have reached this landmark agreement with Pilot Technologies, Ltd. of India, and look forward to continuing to build shareholder value for our Company."
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