There has been a lot of insider buying the last days..... ;D ;D ;D
The company will be renamed soon and business is changing too. Please read the following press release:
Form 8-K for EDGETECH SERVICES INC
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11-Dec-2006
Change in Directors or Principal Officers, Financial Statements and Exhibit
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
Mr Jeffrey Mandelbaum has been elected to the Board of Directors of Edgetech Services, Inc. to serve as an independent director.
Jeff was with Sybase, Inc. (NYSE: SY) from 1986-1996. As a member of the initial management team, he held a variety of positions in sales and executive management. In his most recent position at Sybase as CEO and President of Sybase Financial Services, Inc., he was responsible for worldwide customer and partner financing. Under Jeff's leadership, Sybase Financial Services, Inc. closed over $900,000,000 in financing transactions between 1990 and 1996.
From 1996-1998, Jeff was Vice President of worldwide sales at Commerce One (NASDAQ: CMRC), a global leader in business-to-business electronic procurement solutions. At Commerce One Jeff played a key role as a member of the initial management team where he built the worldwide sales organization and established the initial customer agreements.
From 1998-2000, Jeff was Vice President of Media Systems Sales for Real Networks (NASDAQ: RNWK), where he had line responsibilities for the Americas regions and drove strategic opportunities worldwide. Jeff consistently exceeded revenue and margin objectives while developing a top performing and increasing efficient sales and professional services organization.
Mr. Mandelbaum was Chairman and CEO of Global Media. He joined Global Media as President in January 2000, was promoted to CEO in May 2000 after gaining approval for NASDAQ National Market listing, and was later elected Chairman in October 2000. During his tenure, the company closed four financing and M&A transactions. Streaming Magazine named Jeff as one of the industry's 25 most influential executives.
Jeff founded Software Growth Services in 2001 to leverage his experience and network to maximize value creation in high potential enterprise software, Internet, and new media businesses. Jeff has provided advisory services focused on strategy, sales and marketing, business development, and corporate finance services for leading private equity investors and their portfolio companies including Warburg Pincus, Kleiner Perkins Caufield & Byers, Sigma Partners, Jefferson Partners, Baker Capital, and Draper Atlantic.
Item 7 - Financial Statements and Exhibits
Press release dated December 8, 2006
Jeff Mandelbaum joins Edgetech
December 8, 2006 (PRWEB) - The Edgetech Services Inc. stock symbol OTCBB: EDGH) has elected Jeffrey Mandelbaum to its Board of Directors to serve as an independent director effective December 8, 2006.
Jeff was with Sybase, Inc. (NYSE: SY) from 1986-1996. In his most recent position at Sybase as CEO and President of Sybase Financial Services, Inc., he was responsible for worldwide customer and partner financing. Under Jeff's leadership, Sybase Financial Services, Inc. closed over $900,000,000 in financing transactions between 1990 and 1996.
From 1996-1998, Jeff was Vice President of worldwide sales at Commerce One (NASDAQ: CMRC), a global leader in business-to-business electronic procurement solutions.
From 1998-2000, Jeff was Vice President of Media Systems Sales for Real Networks (NASDAQ: RNWK), where he had line responsibilities for the Americas regions and drove strategic opportunities worldwide.
Jeff joined Global Media as President in January 2000, was promoted to CEO in May 2000 after gaining approval for NASDAQ National Market listing, and was later elected Chairman in October 2000. During his tenure, the company closed four financing and M&A transactions. Streaming Magazine named Jeff as one of the industry's 25 most influential executives.
"We're very fortunate to have someone with Jeff's experience and capability join our board", said Adam Radly, CEO of Edgetech.
"I'm very pleased to be joining the board. I'm excited about Edgetech's potential especially in light of numerous business opportunities for the future", said
Edgetech recently announced the sale of its Internet businesses (WebsBiggest.com) and the acquisition of systems integrator Data Management. This has enabled Edgetech to become a more focused organization.
Edgetech also confirmed that it is focused on pursuing additional acquisitions of IT companies and is favoring those that own their own intellectual property. Mr. Radly also said that the Company has plans to develop its own proprietary products in the area of IT security and RFID.
Edgetech also announced that it will be changing its name from Edgetech Services, Inc. to Inova Technology, Inc.
About Edgetech
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Edgetech has two business units. The storage business (Data Management) sells data management and storage products and services to large corporate and government customers. Customers include the Federal Communications Commission, Securities and Exchange Commission, Department of Justice, US Air Force, US Dept of Defense, Boeing Information Services, Northrop Grumman. The services business (Edgetech Services) provides consulting services to IBM and LGS.
Press Contact:
Adam Radly,
[email protected], Phone (310) 857-6666
It´s only a question of time. Maybe we will see a great year 2007 concerning this stock :D
Merry Christmas
Nevertheless please do your own due diligence.
As far as I know the company has the option to effectuate a reverse stock split >:(of Edgetech´s common stock at a ratio within the range from one-for-five to one-for-two hundred at any time prior to april 1, 2007
Nice IBM partnership. I have a likely target of .10 which would give the company only a 7 million market cap. Heres the pretty chart.
Inova Technology Partners With IBM
Thursday May 10, 7:08 pm ET
http://biz.yahoo.com/iw/070510/0251506.html
Excellente pick Pompano. I applaud you. I remember I gave you some of your initial applauds. I like your picks and your work. Keep doing it. :D
Thanks Nica, I appreciate it greatly. ;D I'll try and keep them coming. 8)
Heres the end of the day chart, strong finish on highest volume ever. Think we have a really good breakout here and a nice run that will follow. Lets see how high mother market wants to take EDGH.ob.