Ga Bard,
I like to look for possibilities at the bottom. I like your thread as a means to put people on to potential winners. I found this one, and have not invested as of yet (I am financially committed at this point to other stocks), but thought I'd let you know about this one in case anyone wants to give it a further look. It looks interesting, and I looked into it because is has been trading on good volume and has quite a bit of recent news. I know that there are quite a few unanswered questions left here, but if anyone wants to go further with this, at least this is a start. By the way, once again I apologize for not knowing how to hyperlink my stuff. (Geez, maybe the hyperlinks will work ???)
THE FOLLOWING IS BASELINE RESEARCH INFORMATION. IT IS ABSOLUTELY NOT A RECOMMENDATION FOR BUYING THIS STOCK. READERS ARE CAUTIONED TO USE THIS AS A TOOL FOR FURTHER RESEARCH AND TO MOST ASSUREDLY EXPAND UPON THE RESEARCH HERE BEFORE MAKING ANY INVESTMENT DECISIONS REGARDING THIS STOCK.
Ticker: NONI Exchange: OTCBB
Company Name: INTERACTIVE MEDICAL TECHNOLOGIES LTD.
Bid .06 Ask .067 Close .065
52 Week Range: 0.050000 - 0.160000
City/State: Los Angeles, California
IR Contact: Bruce Barren 310-586-5555
President: Peter Benz 415-340-1074
Average Volume 100k-1.2mil in October
Description of Business:
Business used to involve diagnostic imaging research, providing quantitative laboratory analysis for experimental pharmaceutical drug companies. Company has now changed direction and develops and markets health enhancing natural consumer products through a network of home based distributors.
Shares Authorized : 70,000,000 Issued 45,000,000
Insider 20,000,000 Float 25,000,000
Transfer Agent: Jersey Stock Transfer
Contact: Howard Manger
Recent News,
Tue Oct14 NONI Interactive Medical Technologies, Ltd., Reaches Principle Merger Agreement with KAIRE, IMT.
biz.yahoo.com
Thu Oct9 NONI Interactive Medical Technologies Subsidiary Sets September Retail Sales Record
biz.yahoo.com
Wed Sep24 NONI Interactive Medical Technology's "Noni" Reports September First Three Weeks Sales For "Noni" Up 100 Percent Over Same Period In August
biz.yahoo.com
Fri Sep12 NONI Utah State Fair Exceeds Interactive Medical Technology's "NONI" Expectations
biz.yahoo.com
Thu Sep4 NONI Interactive Medical Technology's "NONI" to be an
Exhibitor at Utah State Fair
biz.yahoo.com
Chart
dbc.com
Notes:
I spoke to Peter Benz, who is the President of IMT. Very upbeat about the network marketing of their products.
Company had primarily been involved in the medical diagnostics field, had been run by doctors, and did poorly. Benz was brought in to turn the company around. Major investors are two Swiss money management firms, owning nearly half of the issued shares.
Call Kimberly at the number listed above for IR for financials and other research which is available.
Other background (PR stuff)
IMT has just reached agreement to merge with KAIRE INTERNATIONAL. Best known for its successful introduction of PYCNOGENOL to the network
marketing in 1994, KAIRE currently markets more than 35 products to a network of approximately eighty thousand (80,000) home based
distributors. KAIRE annual sales are in excess of thirty five million ($35,000,000) dollars. KAIRE products include JoBelle Face Care System, Sabila Aloe Vera Juice, Super Maritime Prime High Potency Pycnogenol,Osteo Formula, Dermunol, AquaKaire Daytime & Nighttime, Immunol, DHEA Complex, ArthiKaire, and SynerZyme. KAIRE distributes its products to network marketing distributors throughout the United States and Canada.
KAIRE recently expanded distribution to Korea, England, the Caribbean, and Western Europe. IMT also reached agreement on $5,000,000 financing.
September marked the official introduction of IMT's network marketing subsidiary Royal Hawaiian Noni product. During this first 12-month ''introductory phase, the company will focus on providing meaningful market support to active distributors while also working to expand consumer awareness of morinda citrifolia, and of Royal Hawaiian Noni brand.
Morinda Citrifolia, or ''NONI'' as the Hawaiian's call it, has been widely used by ancient and traditional healers for more than 1,000 years in the successful treatment of a wide variety of ailments ranging from sprains, cuts, bruises, burns, headaches, intestinal disorders and numerous other more serious ailments. |
