AXSI. This one looks ripe. Float of 900,000, news just out, nice chart( see biz.yahoo.com ):
Wednesday June 3, 1:30 pm Eastern Time
Company Press Release
SOURCE: AXCESS Inc.
AXCESS Inc. Subsidiary Announces Technology Agreement with Rofin-Sinar
DALLAS, June 3 /PRNewswire/ -- AXCESS Inc. (Nasdaq: AXSI - news; formerly Lasertechnics, Inc.) announced today that its subsidiary, Lasertechnics Marking Corporation (LMC) signed a global distribution and technology agreement with Rofin-Sinar UK Ltd, (Rofin) a subsidiary of Rofin-Sinar Technologies, Inc., (Nasdaq: RSTI - news).
According to the contract, Rofin will supply LMC with their new range of proprietary diffusion cooled low power CO2 lasers for the worldwide packaging market. In addition, the Companies will cooperate in the continuing development of LMC's line of BlazerJet(TM) and Blazer 6000 CE(TM) laser marking systems. Further, Rofin will cooperate in distribution of LMC products in Europe and the Pacific Rim.
''This is a perfect match. LMC gets expanded distribution and technical enhancements, and Rofin-Sinar Technologies shares in LMC's packaging industry expertise,'' said Richard Morgan, chairman of the board, AXCESS Inc. ''This is consistent with our strategy for LMC as we continue to explore ways to strengthen the Company's technical and marketing capabilities through the formation of alliances with other companies.''
Eugene Bourque, LMC's chairman, president and CEO, added, ''Rofin is an acknowledged global leader -- they have bullet-proof technology and a stellar management team, offering us and our customers exciting new opportunities. Their technological contribution to our product development and the expanded distribution their network provides us greatly enhances our potential for significant growth.''
Headquartered in Plymouth, Michigan and Hamburg, Germany, Rofin-Sinar Technologies, Inc. designs, develops, engineers and manufactures industrial laser products for cutting, welding and marking a wide range of materials. With production facilities in the US, Germany, Japan and the UK, Rofin-Sinar is one of the world's leading designers and manufacturers of industrial lasers.
AXCESS Inc., founded in 1982 as Lasertechnics, Inc., consists of two operating subsidiaries: (1) AXCESS Inc. of Dallas, TX (majority-owned) which produces fraud-resistant wallet-size ID cards, assembles and sells dye-sublimation card printers, and markets technology and solutions for access management and control systems through dealers and integrators; and (2) Lasertechnics Marking Corporation of Albuquerque, NM (wholly-owned) which provides laser marking systems and related technologies for a diverse range of industrial and commercial markets.
For additional details see Letter to Shareholders on www.axsi.com.
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