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| PSID Sub Fulfills Big Orders APTY Funded for Future Growth |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Last:
Price: 0.0086
Change (%): - 0.0001 (1.15)
Volume: 4,395,493 |
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PositiveID’s E-N-G Mobile Systems Ships Mobile Lab in Excess of $700,000 to Customer
E-N-G has delivered more than 400 mobile labs to domestic and international customers
DELRAY BEACH, Fla., April 25, 2016 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today that its E-N-G Mobile Systems (“ENG”) subsidiary has shipped a 40-foot BSL-3 compliant mobile laboratory valued in excess of $700,000. Due to the nature and location of the mobile lab, the customer is being kept confidential. Since its inception, ENG, a specialty vehicle manufacturer acquired by PositiveID in December 2015, has delivered more than 400 mobile labs to customers around the world.
The largest and fastest growing aspect of ENG’s business over the last decade has been its mobile labs segment, which includes government and corporate laboratories for chemical, biological, nuclear, radiological and explosives testing in the field. ENG has delivered more than 100 mobile labs for the U.S. Army, plus numerous laboratories to other government agencies including U.S. Customs and Border Protection, U.S. Navy, U.S. Air Force, prominent national laboratories, and nine of the 10 regions of the Environmental Protection Agency.
“ENG is an industry leader in designing mobile labs for chemical and biological detection, monitoring, and analysis,” stated William J. Caragol, Chairman and Chief Executive Officer of PositiveID. “This mobile lab, developed under a large contract that will generate significant revenue for PositiveID during the second quarter and keep us on track to reach our revenue goals for 2016, is the latest example of our robust capabilities, expertise and best-in-class products.”
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Company: APT Systems (Pink Sheets: APTY)
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Last:
Price: 0.079
Change (%): + 0.009 (12.86)
Volume: 12,500 |
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APT Systems Secures Funding to Advance Expansion Strategy
SAN FRANCISCO, April 25, 2016 (GLOBE NEWSWIRE) -- APT Systems, Inc. (OTC:APTY), a publicly traded, fully reporting company in the FinTech software sector, is pleased to announce that it has signed an investment agreement with Tangiers Global, LLC for a 5 Million dollar fixed funding commitment. Tangiers Global has also agreed to provide unsecured bridge funding for a total amount of $46,000 for the operating costs associated with the Company’s filings, prospective software acquisitions, and ultimately, the completion and launch of its trading applications.
“We are pleased to have secured this fixed funding commitment and bridge capital with Tangiers Global. We believe that success is achieved when timing and opportunity meet, and this being a truly timely opportunity, made possible through partnership. We look forward to working closely with them as we continue to develop the Company and successfully execute our business plan,” stated Carl Hussey, CFO.
APT Systems has secured this funding commitment to enable the efficient execution of plans that can contribute substantially to the outlook and future revenues of the Company.
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