IQ Micro Inc. Begins Trading On The OTCBB
WEST PALM BEACH, Fla., Dec. 21 /PRNewswire-FirstCall/ -- IQ Micro Inc. , exclusive licensor of micro-pumps for the rapidly emerging microfluidic technology sector, announced that it began trading on the OTCBB effective today, Thursday, Dec. 21.
IQ Micro CFO Robert Rudman said, "This is an extremely important milestone for IQ Micro. We believe that this move to the OTC Bulletin Board will assist greatly in accessing additional sources of funding for the company and in our efforts to introduce IQ Micro to a wider range of potential investors. We are delighted to have achieved this corporate goal before the end of 2006, and we are looking forward to a successful 2007."
About Osmotex
With an 85% ownership position in IQ Micro, Osmotex AS is a Norwegian company founded to develop and commercialize, through licensing agreements, low-voltage microactuators based on the most recent discoveries in electrokinetics. The company's core competencies include its in-depth knowledge of microactuators and its patented technology. Osmotex expects to lead the industry for liquid handling systems in the emerging, high-growth microfluidic industry.
About Microfluidics
The microfluidic industry is a next generation of technology growing out of the micro-chip industry. Unlike the traditional flow of electrical current through a silicon chip, microfluidic technology involves circuits of tiny chambers, channels and pumps that direct the flow of liquids on a single micro-chip.
About IQ Micro
IQ Micro Inc. is an international licensing company that commercializes proprietary technology developed for use in the microfluidics industry. The company has acquired exclusive licensing rights to the technology developed and patented by Osmotex. The company is actively pursuing global licensing opportunities for the patented "invisible pump," a microfluidic technology with a wide range of consumer, medical and industrial applications. With its proprietary technology and highly experienced management, IQ Micro expects to become the leading global specialized supplier of low-voltage microfluidic technology. For more information, visit http://www.iq-micro.com.
An IQ Micro investment profile can be found at http://www.hawkassociates.com/iqmcprofile.aspx.
For investor relations information, contact Hawk Associates at (305) 451-1888, e-mail: info@hawkassociates.com. An online investor kit, including copies of recent IQ Micro press releases, current price quotes, stock charts and other valuable information for investors can be found at http://www.hawkassociates.com and http://www.americanmicrocaps.com.
This release contains various forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which represent the company's expectations or beliefs concerning future events of the company's financial performance. These forward-looking statements are further qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. The words "may," "could," "should," "believe," "anticipate," "estimate," "expect," "intend," "plan" and similar words are intended to identify forward-looking statements. These factors include the effect of competitive pricing, the company's dependence on the ability of third-party manufacturers to produce components on a basis which is cost-effective to the company, our ability to protect our intellectual property rights from infringement by third parties, our ability to convert our intellectual property rights into product offerings that are accepted by the market, the development of competitors of intellectual property and associated products that are superior to ours or that gain better market acceptance than ours and the ability of our intellectual property rights to keep pace with the advances in technology, market acceptance of the company's products and licensing rights, the effects of government regulation and other factors. Results actually achieved may differ materially from expected results included in these statements. The company is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. Furthermore, this company cautions that the risk factors listed in this paragraph are not exhaustive.
IQ Micro Inc. Robert Rudman, CFO 500 Australian Avenue S., Suite 700 West Palm Beach, FL 33401 Tel: (561) 514-0118 Fax: (561) 514-0195
IQ Micro Inc.CONTACT: Robert Rudman, CFO, of IQ Micro Inc., +1-561-514-0118, fax:+1-561-514-0195