Undiscovered "Next Generation Technology" Company Emerges Today From Transformation
No one is following this situation. No one. Float TINY 2 million shares.
The Company's new website was launched just TODAY--
SEE WEBSITE for FOLLOWING IMO VERY SIGNIFICANT STATEMENTS MADE----For a new company these are very significant !! How could they make such statements ?? :
"will prove to be among the most technologically significant Business Process Improvement tools to ever emerge"
"revolutionary capabilities that will provide industry transforming solutions"
"The world’s leader in intelligent Business Process Automation technologies." END
THESE ARE VERY, VERY STRONG STATEMENTS.
SEE BELOW FOR WORLD CLASS ATTORNEYS (including Google's counsel !!!!!) WHO MUST HAVE ALLOWED SUCH LANGUAGE IMO TO BE USED ON THEIR WEBSITE REGARDING THEIR INTELLECTUAL PROPERTY.
THIS IS A BRAND NEW COMPANY BEING LAUNCHED !!! "World leader"? "Revolutionary capablities"? "Will prove to be among the most technologically significant"?
Why would Google's counsel be involved in this company ???
Comment: You do not assemble a WORLD CLASS intellectual property team as follows (includes Google's counsel!!!!) to sit on their thumbs !!!!!!!!!!!!!
SEE:
SourceWare: The Search Engine with Good Intentions
Key article to read:
econtentmag.com
profiles.shaazamstocks.com
SourceWare Knowledge Management Engine - Next Generation Search Engine
SourceWare Knowledge Management Engine is a patented “Intent” based search engine built on AI with automatic classification for simultaneously searching both unstructured and structured data without the need to manually define variations (e.g., spelling, synonyms, stems, language) or translate data into a common format. SourceWare dynamically calculates appropriate topics based on user natural language like search input and the contents of results the user selects via an advanced and proprietary deductive search process that produces a small set of highly personally relevant results to the user. SourceWare Knowledge Management Engine significantly increases knowledge workers productivity and enterprise’s knowledge management while dramatically reducing the organization’s technical resources to develop and maintain the databases and search applications.
Company: Market Central (Changing name to Scientigo)
OTCBB Symbol: MKTE
New website launched 3/23/05: scientigo.com
PRESS RELEASE TODAY (IMO this also had to be approved by world class intellectual property attorneys (including Google's counsel !!)
below-- NOTE : "Next Generation Technology")
biz.yahoo.com
"Scientigo(R) IDR is a Next Generation Technology That Accelerates the Business Process Through Intelligent Automation Solutions"
scientigo.com
"With over $10 million and 40 man-years invested in development, we are confident these unique, emerging technologies will prove to be among the most technologically significant Business Process Improvement tools to ever emerge."
MORE FROM NEW WEBSITE---SEE 3rd paragraph:
"Development of the technology that is the foundation of Scientigo’sTM unique capabilities was begun in 1998 and has resulted in numerous patents granted, pending, and in preparation for submission.
Our technologies rely, not on one technological advantage, but a powerful combination of tagging, storage, and analytical advances that allow us to apply complex identification and retrieval algorithms to large volumes of data in either a distributed or centrally managed environment, regardless of the degree to which the data is structured or unstructured.
(THIRD PARAGRAPH -- MUST READ !!!!)
We believe these will soon prove to be revolutionary capabilities that will provide industry transforming solutions, providing significantly higher value than the more evolutionary application of technology to merely automate existing processes, as is most often the case."
Company Description (COMMENT: "the world's leader in intelligent Business Process Automation technologies" THE INTELLECTUAL PROPERTY ATTORNEYS BELOW HAD TO REVIEW THIS IMO)
Headquartered in Charlotte, North Carolina, Market Central or ScientigoTM is the world’s leader in intelligent Business Process Automation technologies, specializing in developing and licensing intellectual property to partners whose products and services complement our technologies for the benefit of clients. These customizable solutions enable organizations to convert data from a processing and storage burden into a competitive advantage, whether structured, semi-structured, or unstructured, whether it is in paper or digital form, and regardless of volume. With over $10 million and 40 man-years invested in development, we have 4 patents granted, 1 pending, and 6-8 in development. In addition, the Company provides customer support and professional services to support its products.
scientigo.com
Scientigo is highly focused on developing its intellectual property portfolio.
Scientigo has multiple approved and pending intellectual property patents which provide the architectural foundation for Scientigo's innovative suite of software solutions.
scientigo.com
Market Facts
• A 2005 Gartner survey of 1,300 CIOs representing $57 billion in annual spending shows Business Process Improvement to be the Number 1 priority
• A recent study by Cutter Consortium, an Arlington, MA consulting firm, found that 83% of surveyed companies are engaged in Business Process Re-engineering projects
• Gartner Group and AMR Research report similar findings that 25% of US companies with revenues in excess of $200M have adopted Six Sigma (a process improvement technique), and that the number is expected to grow to 80% by 2010
• Manufacturers are expected to spend nearly $3 billion on quality improvement processes in 2005, with 38% of this directed towards software and services; Process Improvement consulting ranked 3rd on the list of planned services expenditures
• In a September 2004 report, the Economist Intelligence Unit reported 55% of companies said they are evaluating Business Process Management tools
MY COMMENTS AND ANALYSIS----WHY WOULD A WORLD CLASS INTELLECTUAL PROPERTY TEAM JOIN THIS COMPANY ??????
I have to be one of the few persons on the planet following this unusual situation. The same was true for Teton Petroleum (TPE). Just as we had an event (pending acquisition of large land holdings) in Teton that was buried in an SEC filing we also have in this situation some recent key catalysts that should benefit the stock substantially in my opinion.
When you have these catalysts and you are able to recognize them as such the results can be explosive. It is extremely difficult many times to decipher the catalysts. Being ancient and very experienced helps in this exercise. I know a tad about intellectual property.
This is meant to help you to do your own due diligence and make your own decisions. You determine your own destiny, no one else. Investing in the stock market involves high risk including this situation. As always I eat my own cooking so I do own shares in this company. I am not aware of any newsletter covering the Company. I have no association with the Company. I did find a Company summary (I noted a few errors in it) by using Google.
This is a Company in complete transition. Let me repeat so it sinks in, this is a Company in complete transition. This creates the opportunity IMO. What does this imply? IMO we probably won't recognize the Company in several months. Hopefully a cleanup of their balance sheet (I happen to be a CPA and this is the first thing I look at. I don't like their current balance sheet. However, I recognize how very easily their balance sheet could be cleaned up. This has to be a top priority of management IMO. Ask yourself why would a WORLD CLASS intellectual property team join this Company???? ) ETC. ETC. ETC.
I calculate there are about 7 million common shares outstanding---see press release for shares retired in November 2004--Yahoo shares outstanding is WRONG---The float is about 2 million shares per profile---There is 5 million shares of Series A preferred convertible one-for-one and about 4 million Series B preferred convertible one-for-one--note even if they do convert these would be restricted shares and not freely traded until securities regulations complied with.
There are approximately 5 million options outstanding at average price over $ 2 a share and 3 million warrants to purchase shares at approximately $ 2.40 a share. Note that the exercise prices are north of current market price which is positive IMO.
The opportunity is created by this transition. Change is our friend here. The Company has put together a world class team to carry out part of the execution. This only insures success in my mind. I am betting on the world class team listed below! END
Management: scientigo.com
Quote: finance.yahoo.com
Website www.marketcentral.com Note: This website does not reflect the Company's present business thrust so it should be mostly ignored.
See float information:
profiles.shaazamstocks.com
patentalert.com
KEY PRESS RELEASE about forming world class Intellectual Property Team:
finance.myway.com
Statement by Ron Laurie, Co-Founder and Managing Director, Inflexion Point Strategy "who has led IP teams in some of the largest technology deals in history, worth over $50 BILLION":
"Market Central has a bold vision for commercializing its technology and monetizing its intellectual property assets," noted Laurie. "The Company has an intriguing IP portfolio. I am excited to work with Market Central to identify potential partners that share its vision."
The KEY immediate catalyst will be "commercializing its technology and monetizing its intellectual property assets"--don't discount or underestimate the potential here:
Market Central Launches Intellectual Property Asset Management Program
Business Wire (Wed, Feb 2)
Comment: You do not assemble a world class intellectual property team as follows (includes Google's counsel!!!!) to sit on their thumbs !!!!!!!!!!!!! I suggest you
do a google search on all parties involved.
finance.myway.com
Sterne, Kessler, Goldstein & Fox, P.L.L.C. ("SKGF")
skgf.com
"We secure patents and trademarks for products of all kinds---and by astute licensing and fierce defense---help realize their maximum value."
Robert G. Sterne, Founder and Director, SKGF skgf.com
Donald J. Featherstone, Director, SKGF skgf.com
Wilson Sonsini Goodrich & Rosati ("WSGR")--Google legal counsel !!!!
nylawyer.com cooley.com
Michael Raschid, Partner; WSGR wsgr.com
Trevor Chaplick, Partner, WSGR wsgr.com
Ron Laurie, Co-Founder and Managing Director, Inflexion Point Strategy Inflexion Point Strategy is an intellectual property investment bank and business advisor that works with technology companies and institutional investors in buying, selling and investing in strategic IP assets and IP-intensive businesses by providing clients a seamless integration of domain expertise in business, technology and IP asset management. Inflexion Point is headquartered in Palo Alto, with offices in Berkeley and Los Angeles. Website: www.ip-strategy.com. See also: ipsociety.net See Client list: ip-strategy.com
Here is the Company's press release ---I have added the word "KEY" to parts that I believe (IMHO) are extremely important--Realize also that all the parties had to approve the wording of this press release--that in itself is KEY:
Market Central Launches Intellectual Property Asset Management Program
Market Central, Inc. (MKTE), a knowledge management company specializing in solutions that enable businesses to efficiently store, categorize and retrieve information with state-of-the-art technologies, today announced the formation of a team of leading intellectual property advisors to assist the company with intellectual property planning, identifying parties interested in the Company's intellectual property and structuring possible transactions.
The Company has retained (KEY) Sterne, Kessler, Goldstein & Fox, P.L.L.C. ("SKGF"), Wilson Sonsini Goodrich & Rosati ("WSGR"), and Inflexion Point Strategy LLC to support this effort. The team will be led by Doyal Bryant, CEO and Paul Odom, Chief Scientist overseeing the development of Market Central's patents; Robert G. Sterne, Founder and Director, SKGF; Donald J. Featherstone, Director, SKGF; Trevor Chaplick, Partner, WSGR; Michael Raschid, Partner; WSGR; and Ron Laurie, Co-Founder and Managing Director, Inflexion Point Strategy.
Market Central has a growing intellectual property portfolio that includes patents, patent applications and innovations that (KEY) may be of interest to parties involved in search technologies, XML applications and other data management applications. The recent auction of the CommerceOne patent portfolio (KEY) related to XML applications sold for over $15 million highlights (KEY) the potential value of IP assets in this area. "There are many approaches to monetizing IP assets, and we believe Market Central is (KEY) approaching and preparing itself for the next wave in IP asset management. Many people, lawyers in particular, are still looking at IP assets as a bundle of (KEY) legal rights that you need to assert in court in order to get some money out of them," Bryant said. However, he said "some (KEY-this press release had to be approved by all parties) leading companies, like ours, are starting to use those intangible assets to create new businesses and market their technologies."
"Our announcement today is just the next step in the Market Central's growth as a leading knowledge management technology company. With the existing high-level interest in XML and next generation search and document content management technologies, we believe the (KEY) time is right for us to (KEY) aggressively move our technology and IP strategies forward. We decided that our best course of action was to surround ourselves with leading professionals, who can assist us extract the greatest value from our growing intellectual property portfolio. With this team, we have done that," stated Bryant.
"We appreciate the confidence that Market Central has placed in us to help bring together a truly remarkable team of intellectual property experts," commented Sterne. "With its intellectual property strategy and the creation of this team, Market Central has positioned itself well to (KEY) successfully maximize the value of its innovations. We look forward to working with Market Central and the other team members," he added.
"Market Central has a (KEY) bold vision for commercializing its technology and monetizing its intellectual property assets," noted Laurie. "The Company has an (KEY because who is saying this:) intriguing IP portfolio. I am excited to work with Market Central to identify potential partners that share its vision."
"We are very excited about working with Market Central in order to help develop a strategy to leverage its intellectual property assets," said Trevor Chaplick, Managing Partner of the Reston, Virginia office of Wilson Sonsini Goodrich & Rosati, a leading legal advisor to growth and technology enterprises. He added, "We hope to be an integral part of the business and legal team that helps Market Central achieve its strategic objectives regarding such intellectual property."
END
Background of Ron Laurie:
BSIE U.C. Berkeley, JD U.S.F. Ron has worked in Silicon Valley for over 40 years, first as a software engineer and then as one of the nation's top intellectual property lawyers. As an attorney, Ron advised computer, communications, semiconductor, media and financial services companies on IP strategy—a subject he taught at Stanford and U.C. Berkeley law schools—with a focus on the strategic use of IP assets in complex business transactions. Ron was a founding partner of the Silicon Valley offices of Skadden Arps and Weil Gotshal, and led IP teams in some of the largest technology deals in history, worth over $50 billion. Ron has been listed in virtually every peer review survey of leading IP lawyers including Top 25 California IP Lawyers, Best Lawyers in America, America's Leading Business Lawyers, Global Counsel 3000, and International Who's Who of Business Lawyers.
Understanding Laurie's "monetizing IP assets":
ip-strategy.com
"There are many approaches to monetizing IP assets, and we believe this is going to be the next wave in IP management."
The SECOND KEY Catalyst is the marketing of the Company's IP Technology---IMO---The world class IP team would not have come on board if they did not believe this IP technology had some merit! This could be a huge market need to address:
What problem the Company's technology is attempting to address:
Search’s Missing Ingredient
The rapidly expanding information pool is restricting search users’ ability to find the information that they want based on their initial queries. The missing ingredient in the current search technology is relevance. The average user puts in 1.8 words in the initial query and gets back anywhere from 1,000 to 100,000 or even millions of “hits”. Even the best technologies are limited and inefficient when attempting to create true relevance at this scale. The algorithms used today by existing search engines produce results that amount to an arbitrary guess at what the user had in mind. The next step in search technology has to be one in which the user can effectively and intuitively communicate relevance criteria to the system with a minimum amount of effort.
From old website:
"The Company has developed a next-generation suite of solutions that include proprietary, patented software for data capture, cleansing, mining, integration, search and intelligent document recognition.
The Company's proprietary and patented software was acquired in July, 2003 when it purchased the assets of Pliant Technologies. The software automates the capture, search, cleansing, workflow management, and information mining of all types of unstructured and structured data.
The software has harnessed artificial intelligence within a new state of the art search engine based around its SourceWare® product which uses patented technology that enables the integration of any data (e.g. text, database tables, fields, objects, spreadsheets, graphics, video, etc.); performs sophisticated searches of data for mission critical information; and mines data for business intelligence.
This is a rapidly growing area in the B2B market since more than 80% of referenced information in business is unstructured. Market Central's software provides digitalized structure and the ability to group data to unveil patterns useful to business development. The market for intelligent document capture alone is estimated at $250M with a CAGR of 6.1% to 15.6%.
Market Central's software has been awarded five (5) patents (one is pending). Moving forward, the company will focus its efforts on acquiring and developing technologies that improve the way businesses and people communicate, collaborate, search, and share information. This new direction is designed to strengthen Market Central and help shape the future growth of the company in demand markets such as search, collaboration/customer service, and Intelligent Document Recognition (IDR).
The Company has recently signed a Letter of Intent to acquire the assets of Convey Systems, Inc. including patents, intellectual property, software, and certain other assets, from Convey's parent company, The Tag Group, Inc. (PNK: TGGP) and the Board has entered into an interim management agreement naming Mr. Doyal Bryant, President and CEO of Convey Systems, to serve as the President and CEO of Market Central, Inc., pending the consummation of the transaction.
In addition, Mr. Preston Rodenbaugh, an executive officer in Convey, will serve as Executive Vice President of Market Central under the same management agreement. Convey Systems, Inc., a Charlotte, North Carolina-based company provides web-based collaboration software systems with national and international customers in financial, travel, and libraries services. Convey System software is recognized as one of the world's leading virtual reference tools for the libraries of the world. " END
CONCLUSION:
Ask yourself how big in terms of market cap is Google? $ 51 BILLION. This is not to say that this Company is the next Google. It merely indicates the importance placed on such IP technology. What is "Next Generation Search Engine" worth?
This Company has a tiny tiny market cap.
I also recall that Google paid Yahoo some $ 300 million just before their IPO:
cbc.ca
Yahoo paid in 2003 $ 1.6 Billion for Overture. newsfactor.com Y
The point of the above is to show this is a large market.
This Company has a tiny market cap. The reason it is, is because it is in transition. When the dust clears from the Company's transition, will a brilliant diamond appear or coal?
I have decided to bet with the WORLD CLASS intellectual property team just brought on board. They are the real professionals !!! END
Scientigo Corporate Offices
7810 Ballantyne Commons Pkwy Suite 300
Charlotte, NC 28227
(704) 319-2220
EMAIL: dfield@marketcentral.com |
