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Huge Alert On: (OTCBB:AXST) - (OTCBB:CICN) - (OTCBB:POSC)(M2 PressWIRE Via Acquire Media NewsEdge) Rochester NY -- www.otc-advisors.com names (OTCBB:AXST) Axesstel, Inc. (OTCBB:CICN) Cicero, Inc. and (OTCBB:POSC) Positron Corp. its "Bulls of the day"! Visit: www.otc-advisors.com for current profiles. To feature your publicly traded company in our alerts email us at [email protected]. To sign up for our free newsletter or to be added to our Quarterly Investment Magazine visit http://www.otc-advisors.com/contact.htm Also, you can receive up to the minute stock alerts via our Twitter/Facbook page. www.twitter.com/otcadvisors or www.facebook.com/pages/OTC-ADVISORS-LLC/259891872296 ------------------------------------------------------------------------------------------------------------------------------------------------------------ Visit: www.otc-advisors.com About Axesstel, Inc. Axesstel (OTCBB:AXST) is a globally recognized industry leader in the design and development of fixed wireless voice and broadband data products. Axesstel's best in class product portfolio includes broadband modems, 3G and VoIP gateways, machine to machine applications, voice/data terminals, fixed wireless desktop phones and public call office phones for high-speed data and voice calling services. The company delivers innovative fixed wireless solutions to leading telecommunications operators and distributors worldwide. Axesstel is headquartered in San Diego, California. For more information on Axesstel, visit www.axesstel.com. The Axesstel, Inc. logo is available at //www.globenewswire.com/newsroom/prs/?pkgid=6261 News Today: SAN DIEGO, Aug. 10, 2010 -- Axesstel (OTCBB:AXST), a leading provider of fixed wireless voice and broadband data products, reported results for its second quarter and six months ended June 30, 2010. Axesstel reported revenues for the second quarter of 2010 of $11.2 million. Net loss for the period was $1.4 million, or $0.06 loss per share. Clark Hickock, CEO of Axesstel, stated, "As expected the second quarter has been a transitional quarter. We continued to execute on our four key initiatives to drive sales in our core markets, increase margins and improve our performance in the second half of 2010. They remain as follows: -- To commercially launch our re-engineered, lower cost lines of phones and modems; -- To expand sales of broadband modems for tier 1, 2 and 3 carriers in North America; -- To expand sales of 3G data and VoIP gateways in Europe; and -- To realize approximately $4 million of annualized operating expense savings in 2010, representing a reduction of over 20% compared to 2009." "During the second quarter, we made significant progress on our strategy. We are completing the transition to our re-engineered phone and data product lines, and we have begun to deliver samples to our customers for homologation and testing. We expect to begin delivery of larger volume orders in the second half of 2010. In addition, we achieved an important milestone in North America with the initial shipment of our Verizon Network Ready Wi-Fi broadband gateways for sales to authorized retailers. Our relationship with the Verizon Wireless community extends our reach to well-established new markets for our high performance, feature-rich gateway product. We are gaining traction in the U.S. market and reported record revenue from North America in the quarter. Also, working closely with a Tier 1 European carrier, we completed development of our customized 3G data and VoIP Gateway and received the first purchase orders for more than 19,000 devices, which are scheduled for delivery beginning in the third quarter. Finally, we have reduced operating expenses by $2.3 million to date, compared to the first six months of 2009, positioning us to achieve $4 million of annualized operating expense savings in 2010," added Hickock. Financial Results Revenues for the second quarter of 2010 were $11.2 million, compared to $11.9 million in second quarter 2009. Data products contributed 90% of revenues and voice products 10% in the second quarter 2010, compared to data products with 83% and voice products with 17% in the second quarter of 2009. Gross margin for the second quarter 2010 was $2.0 million, or 18% of revenue, which was impacted by $267,000 write-offs of obsolete inventory and the sale of some aged finished goods inventory at low margins. This compares to $2.8 million, or 23% of revenue for the same period last year. Second quarter 2010 operating expenses decreased to $3.1 million, down 36% from $4.8 million in the second quarter of 2009. Second quarter 2010 net loss was $1.4 million, or $0.06 per share, compared to second quarter 2009 net loss of $2.2 million, or $0.09 per share. For the six months ended June 30, 2010, the company reported revenue of $26.7 million, compared to $25.6 million for the first half of 2009. Net loss for the first half of 2010 was $2.8 million, or $0.12 per share, compared to a net loss of $4.4 million, or $0.19 per diluted share, in the prior year's first half. Pat Gray, Axesstel's CFO, stated, "We believe our cost savings and financing activities have positioned us well for the second half of the year. Second quarter operating expenses were at the lowest level in the past five years on a quarterly basis. We completed the transition of our research and development activities to China ahead of schedule, which will further reduce operating expenses in the second half of the year. We continue to target profitability at approximately $60 million of annual revenue, subject to gross margins returning to the low twenties." As of June 30, 2010, the cash and cash equivalents balance was $770,000, compared to $602,000 as of December 31, 2009. Working capital was a deficit of $9.9 million at June 30, 2010. The company continues to fund its working capital needs through financing of accounts receivable backed by credit insurance or letters of credit. Axesstel ended the quarter with $4.8 million in working capital financing including $3.3 million under the company's account receivable financing facility and $1.5 million under a line of credit with a commercial bank in China. The new line of credit facility was completed in April with current terms at 5% per annum with a one year initial term. Recent Highlights -- Shipped initial order of MV440 Wi-Fi Gateways for sale to Verizon Wireless authorized retailers. -- Received first purchase orders for more than 19,000 3G data and VoIP Gateways from a Tier 1 European carrier. -- Established $1.5 million credit facility in China. Conference Call Axesstel will host a conference call at 8:00 a.m. PT (11:00 a.m. ET) today, August 10, 2010 to discuss its second quarter 2010 results. Participating in the call will be Clark Hickock, chief executive officer; and Patrick Gray, chief financial officer. The call is being webcast and can be accessed from the "Investor Relations" section of the company's website at http://www.axesstel.com. Alternatively, you may dial the following number ten minutes prior to the scheduled conference call time: 1-877-663-9622. International callers should dial 00-1-973-200-3973. The conference ID/password will be 85553394. If you are unable to participate in the call at this time, the webcast will be archived on the Axesstel website. In addition, a telephonic replay will be available at 2:00 p.m. ET through Thursday, August 12th at 11:59 p.m. ET. To access the replay, please dial 1-800-642-1687. International callers should dial 00-1-706-645-9291. The pass code will be 85553394. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Visit: www.otc-advisors.com About Cicero Inc. Cicero Inc., founded in 1988, provides solutions that enable business transformation of enterprise interactions across companies and government organizations. Cicero XM technology delivers this capability via an innovative combination of desktop integration, automation, presentation and analytics capabilities, built to transform customer interaction into the most powerful marketing and branding asset a company can own. Cicero stands out among other software solutions for its ease of configuration and change control eliminating up to 90% of the change control costs and time, providing the ability to deliver actionable intelligence through efficient combination of telephony and interaction data, and delivering immediate benefits with an ROI in less than 6 months. Learn more at www.ciceroinc.com. Cicero, Cicero Integrator, Cicero XM Integrator, Cicero XM Desktop, Cicero XM Discovery, and Cicero XM Enterprise are trademarks or registered trademarks of Cicero Inc. and/or its affiliates. Other company names and/or products are for identification purposes and are the property of, and may be trademarks of, their respective owners. News Today: CARY, NC, Aug 10, 2010 -- Cicero Inc. (OTCBB: CICN), a global leader in customer experience management and desktop integration solutions, announced today it is launching a new product called Cicero XM Discovery to assist organizations in identifying potential areas for improvement in business processes, compliance, training, and application usage. Cicero XM Discovery is a lightweight, easily deployed, and configurable tool to capture desktop activity at the end user desktop and to record that activity either locally or in a central data store. This data includes information about the applications and windows that a user works with, the web pages they visit, when data is copied and pasted, and more. This usage data enables business analysts to gain a much deeper understanding of the frequency and time spent on particular tasks and how applications are used to target areas for process improvement, increasing end-user productivity, and reducing costs. Using Cicero XM Discovery, companies can now: -- Quickly examine application usage and identify areas for process improvement -- Capture, analyze, and focus on Key Performance Indicators and metrics -- Monitor for potential business rule, compliance, and company policy issues -- Supply desktop activity data to third-party enterprise analysis and reporting applications (e.g., BI, BAM, BPM, WFM) "Cicero Discovery enabled our ability to rapidly implement a process to monitor, report and analyze desktop-level workflow events for our client's call centers and back-office operations. This allowed us to better define the cost benefits of our desktop integration projects and then statistically prove the results," said Edward J. Goldgehn, VP and Lead Solutions Architect, Innoverse Services Network, Inc. "Cicero XM Discovery is an excellent strategic analysis tool for companies to gain needed visibility into their operations," stated Tony Castagno, CTO of Cicero. "By monitoring and capturing desktop activity, you not only have access to valuable data to target training, business processes, and compliance, but also information that you can use to optimize your desktops to improve operations and significantly reduce costs." ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Visit: www.otc-advisors.com About Positron: Positron is a molecular imaging company focused on Nuclear Cardiology. Positron utilizes its proprietary product line to provide unique solutions to the Nuclear Medicine community ranging from imaging to radiopharmaceutical distribution. Positron products include: the Attrius(TM), a PET imaging device; the Pulse(R), a SPECT imaging device; the Nuclear Pharm-Assist(R), an automated radiopharmaceutical distribution device; and the Tech-Assist(TM), a radiopharmaceutical injection shield. More information about Positron is available at www.positron.com. News Today: INDIANAPOLIS, Aug 10, 2010 -- Positron Corporation (OTCBB:POSC), a molecular imaging and solutions company specializing in Nuclear Cardiology and a leader in Cardiac PET, announced today the opening of a cGMP ready (current good manufacturing practices) facility in Indiana for the manufacturing of both radioactive and non-radioactive pharmaceutical products and devices. "The opening of this facility marks a significant milestone in Positron's expansion into the consumables market that began with the acquisition of Dose Shield in 2008," stated John Zehner, COO of Positron. "Radioactive and non-radioactive pharmaceutical products are a key component of our Company's growth strategy; the opening of such a facility affords us significant advantages in every aspect of our business, which enables us to remain competitive in the future. The opening of this manufacturing facility was critical to our plan, as we are now equipped with the staff, equipment and space necessary to manufacture a variety of radioactive and non-radioactive pharmaceutical products. While the Company's plan is to focus on small batch, radioactive PET products, the facility will also be utilized to support current and future Positron equipment, as well as, expand into new markets. We are presently in discussions with several entities that can utilize our contract manufacturing services," concluded Mr. Zehner. The Company noted the approximate 10,000 square foot facility, with room for expansion, contains ample clean room space and laboratory equipment to support the production of pharmaceutical and support products for both industrial and medical use. These products will meet or exceed Food and Drug Administration (FDA) current good manufacturing practices (cGMP's). This will allow for the production of products under 510k's, ANDA's, NDA's and IND's, as well as, certified compounding products for pharmacy use. ----------------------------------------------------------------------------------------------------------------------------------------------------------------------- Visit: www.otc-advisors.com About OTC-ADVISORS.COM OTC-ADVISORS.COM is a website that profiles stocks of interest. We are not licensed brokers or financial consultants. The information here is believed to be reliable, but not guaranteed to be accurate by OTC-ADVISORS. Please be advised that the information contained may or may not be complete and is solely for informational purposes only. This is not to be construed as an offer to sell, hold or the solicitation of an offer to buy. Investors are encouraged to seek opinions by their registered brokers or financial advisors after extensive due diligence is performed. For additional information: [email protected], www.otc-advisors.com, www.twitter.com/otcadvisors or www.facebook.com/pages/OTC-ADVISORS-LLC/259891872296 ((Comments on this story may be sent to [email protected])) (c) 2010 M2 COMMUNICATIONS |