Stock on the Move for Wednesday! November 15, 2006
18 November 2006
Stock Market Alert`s performance stock list includes: Axis Technologies Group, Inc. (PINKSHEETS: AXTG), Intel Corporation (NASDAQ: INTC), Cisco® (NASDAQ: CSCO), Sun Microsystems, Inc. (NASDAQ: SUNW).
Stock Market Alerts is initiating coverage with breaking news on Axis Technologies Group, Inc. (PINKSHEETS: AXTG) this morning! Yesterday after the markets closed, the company issued a press release announcing that The University of Maryland has specified that Axis Dimming/Daylight Harvesting (DDH) Ballasts be utilized campus-wide for daylight harvesting applications in all future installations or retrofitting projects. The University has appropriated $20 million to be used for both lighting and HVAC upgrades over the next several years.
"There are over 300 buildings that comprise the University of Maryland. We expect that this project will lead to significant sales for Axis since we have not only been approved, but mandated as the product to use by the university!" said Jim Erickson President of Axis.
What a week it's been for Axis! Early yesterday, the company announced that on September 11, 2006, San Diego Gas & Electric invited the company to make a presentation at their energy-efficiency conference and join the ranks as one of the company's ten Preferred Energy-Efficient Suppliers.
On Monday, the company announced that it will install the Axis Dimming/Daylight Harvesting (DDH) ballasts in two Harrah's Casinos parking garages in New Jersey, with additional installations expected to follow at various Harrah's locations. "With revenues of over $7.1 billion in 2005 and 39 locations we feel that Harrah's is an account that will provide Axis with enormous growth potential in the near term," said Kip Hirschbach, CEO of Axis.
Also on Monday, Beacon Equity Research issued the company an "Outperform" rating with a target price of $3.06. And if that wasn't enough news for the day, the company also announced that Kennebunk Schools, in Kennebunk, ME, opted to install the Axis Technologies Dimming/Daylight Harvesting (DDH) ballast.
The Beacon Equity Research Report (available at http://www.BeaconEquityResearch.com) states, "Axis Technologies markets energy-saving daylight dimming/daylight harvesting ballasts for the commercial light sector. Axis has spent well over four years developing their energy-saving products and has dubbed the Company as "The Future of Fluorescent Lighting." The Underwriters Laboratory (UL) has approved Axis' proprietary dimming/daylight harvesting ballast system in both the United States and Canada. The costs of the ballasts are priced to be very competitive, and Axis' ballast is the only product available that can be marketed as a daylight harvesting system replacement to a standard ballast. To date, Axis has sold, or has potential orders for about 500,000 units of their dimming/daylight harvesting ballast system. While Axis is a relatively small firm, it does have an advantage in that it has developed a superior product with lower overhead costs compared to a majority of its competition."
This is a stock for speculative investors to watch! The Axis DDH ballast incorporates a patented dipswitch that allows fixed-level dimming in 10% increments from 100% of output to 40% output, with a corresponding reduction in electrical energy. This means the fixture can be "tuned" to the light level desired, or to reduce "overlit" conditions. Further, a patented photocell attached to each ballast measures sunlight coming through windows or skylights and dims the fixture to as much as an 80% lighting reduction. This is all totally automatic and is unnoticed by building occupants.
Before the news hit the wires, Axis Technologies stock closed yesterday at Ninety cents a share.
Axis Technologies Group, Inc. conducts its business through this wholly owned subsidiary Axis Technology, Inc., a Delaware corporation headquartered in Lincoln, Nebraska. Axis Technology, Inc. designs, manufactures and markets a proprietary line of energy-saving and daylight harvesting electronic dimming ballasts for the commercial lighting industry. The company's target market is small to large commercial users of fluorescent lighting including office buildings, wholesale and retail buildings, hospitals, schools, and government buildings. In 2002, Underwriters Laboratory (UL) approved Axis products for sale in both the United States and Canada. The Axis DDH ballast is priced competitively and is the only daylight harvesting ballast system that can be marketed as a replacement for a standard ballast.
Other Stocks of interest yesterday were:
Intel Corporation (NASDAQ: INTC) up 4.1% on 74.3 million shares traded. Intel, one of the world leaders in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live.
Cisco® (NASDAQ: CSCO) down 0.1% on 48.2 million shares traded. Cisco is one of the worldwide leaders in networking that transforms how people connect, communicate and collaborate.
Sun Microsystems, Inc. (NASDAQ: SUNW) up 0.1% on 37.7 million shares traded. Sun is in the development of technologies that power the world's most important markets.
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The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company". The company received compensation for services performed for Axis Technologies, Inc (PINKSHEETS: AXTG). The compensation is twenty thousand dollars from third party, ATN Enterprises LLC., who may hold a significant position in the stock. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.
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