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Power-Linx News
The information contained herein is not intended to directly or indirectly provide advice as to the value of the company's securities, or as to the advisability of investing in, holding, or selling such securities. This material is furnished solely for informational purposes and should not be construed as an offer to sell, nor the solicitation of an offer to buy, any security
17 October 2007 - PowerLinx New Tune DogTM Music System Compatible With the iPhone
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- October 17, 2007- PowerLinx, Inc. (OTCBB: PWNX - News) a developer, manufacturer, and seller of power line communication products and SeaView Underwater Camera Systems, announced today that their highly anticipated Tune DogTM music system will be 100% compatible with the new Apple iPhone.
PowerLinx Tune DogTM music system can connect to the iPhone while it is charging or playing, whether in a docking station or not. The user simply connects the iPhone to the Tune DogTM sender and then speakers can be placed anywhere in the home where they are connected to the Tune DogTM receiver. The iPhone’s music is then transmitted through the home’s existing electrical wiring, delivering crystal-clear music through the speakers rather than the ear buds. Tune DogTM gives the iPhone owner a simple and easy to install method for listening to the music on their iPhone anywhere in their home.
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17 October 2007 - PowerLinx Latest Audio Technology Passes Testing Phase
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- October 17, 2007- PowerLinx, Inc. (OTCBB: PWNX - News) a developer, manufacturer, and seller of power line communication products and SeaView Underwater Camera Systems, announced today that their next generation of audio transmission products has passed lab and field quality tests. Passing these tests clears the way for these highly anticipated music systems.
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17 October 2007 - PowerLinx Announces Formation of National Sales Force
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- October 17, 2007- PowerLinx, Inc. (OTCBB: PWNX - News) a developer, manufacturer, and seller of power line communication products and SeaView Underwater Camera Systems, today announced the formation of a national sales force.
Headed up by Executive Vice President of Business Development, John Widlicka, the PowerLinx national sales force will consist of 17 Sales Rep Organizations positioned strategically throughout the United States. The 17 Rep Organizations will feature over 50 sales professionals, all of whom have experience selling to major electronics retailers.
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17 October 2007 - FOX 13 Profiles Powerlinx Zone Defense Video Back Up Systems
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- October 17, 2007- PowerLinx, Inc. (OTCBB: PWNX - News) a developer, manufacturer, and seller of power line communication products, Car and Truck Video Back-up Systems, and SeaView Underwater Camera Systems, was recently profiled on Tampa’s FOX 13.
The PowerLinx line of Zone Defense Video Auto Back-up Systems were featured in a segment regarding the rash of accidents related to children being injured by a car or truck backing up. The September 5th, 2007 story focused on ways that car and truck drivers are utlizing rear-vision back up systems to drive safer and with more confidence.
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12 June 2007 - PowerLinx SeaView Cameras Featured in June, 2007 Florida Sportsman
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PowerLinx, Inc. (OTCBB:PWNX - News), a developer, manufacturer, and seller of power line communication products and SeaView Underwater Camera Systems, was recently featured in the Marine Electronics section of the June, 2007 issue of Florida Sportsman Magazine. Florida Sportsman, the most widely read magazine focusing on Florida Saltwater and Freshwater fishing, focused on the low cost and ease of use of the SeaView Underwater Cameras.
The product review was written by legendary Tampa-based outdoor writer Frank Sargent. In summing up just how easy it is to catch more fish with a SeaView Underwater Camera, Sargent said, "They're very easy to use; if you can handle a DVD player, you can hook up a UW video and be watching your trolling baits in short order..."
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12 June 2007 - PowerLinx Consolidates Operating Divisions with St. Petersburg Headquarters
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PowerLinx, Inc. (OTCBB: PWNX - News) a developer, manufacturer, and seller of power line communication products, today announced they are relocating their existing Distribution Operations and their SeaView Brand Manufacturing Operations with their Corporate Headquarters.
"In 2006, we established our Headquarters in a mixed use facility with the long term goal of reducing overall operating expenses and setting up a base of operations where many of our key Managers can work under one roof," said PowerLinx CEO and Chairman Michael Tomlinson. "Integrating the manufacturing of our industry leading SeaView product line and our overall Distribution Network into our existing Headquarters has allowed us to make great strides toward achieving these goals."
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8 May 2007 - PowerLinx, Inc. Announces ``E'' Removed From Trading Symbol
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PowerLinx, Inc. (OTCBB:PWNX - News) announces today that as a result of being in compliance with the NASDAQ's OTCBB listing requirements, the Company's trading symbol has changed from "PWNXE" to "PWNX" effective with the open of business on Tuesday May 8, 2007. Further information can be found on the OTCBB daily list under the symbol PWNX: http://www.otcbb.com/DailyList/.
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PowerLinx Announces Groundbreaking New Audio and Video Products for 2007
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PowerLinx, Inc. (OTCBB:PWNX - News), a developer, manufacturer and seller of power line communication products, today announced their 2007 New Product development plans. The four products scheduled to launch in the coming months include: Tune Dog(TM), an iPod/MP3 accessory which will allow the user to send music wirelessly to any room in their home from an iPod®, MP3 player or PC using only existing electrical wiring; Audio Everywhere(TM), which allows a stereo to send audio through a home's existing electrical wiring; The Rear Speaker Surround Sound Installation Kit(TM), which allows a surround sound system to send audio to the rear speakers using existing electrical wiring and a new IP Netcam that uses a home's electrical wiring as a "digital pipeline" to deliver streaming video from up to 6 individual cameras around your home or business using a PC.
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28 Feb 2007 - PowerLinx Announces Changes to its Board of Directors
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--February 28, 2007--PowerLinx, Inc. (OTCBB:PWLX), Effective as of February 26, 2007, Jim Williams resigned as Chairman and member of the board of directors of Powerlinx, Inc. (the "Company"), and Mike Tomlinson, the Company's current Chief Executive Officer and a member of the board of directors, was appointed as Chairman of the board of directors of the Company to fill the vacancy created by the resignation of the prior Chairman and will continue to serve so. Currently, the Company is undertaking efforts to search for a qualified replacement to be appointed to fill the board vacancy created by the resignation of Mr. Williams. For more information on Mike Tomlinson, see the Company's Registration Statement on Form SB-2/A filed with the Securities and Exchange Commission on September 1, 2006.
20 Nov 2006 - PowerLinx, Inc. Announces Consolidated Results for the Quarter Ended September 30, 2006
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PowerLinx, Inc. (OTCBB:PWNX), today reported its September 30, 2006 quarter ended consolidated results.
Net revenues of $1,004,600 for the quarter ended September 30, 2006 exceeded revenues for the same period in 2005 by $780,600 or 349%. The growth in revenue was directly attributable to increases in revenue from the SecureView PowerLinx Video Surveillance Camera.
Net loss for the quarter ended September 30, 2006 was $584,800 or $.12 per share, including discontinued operations, compared to a loss of $941,000 or $.24 per share for the same period ended 2005.
Gross profit increased 436% from $87,400 for the quarter ended September 30, 2005 to $272,900 for the quarter ended September 30, 2006. Operating expenses decreased 21% from $1,011,600 for the quarter ended September 30, 2005 to $797,800 for the quarter ended September 30, 2006. Loss from operations decreased 43% from $924,200 for the quarter ended September 30, 2005 to $524,900 for the quarter ended September 30, 2006.
Attaining net revenues of $1,004,600 for the quarter ended September 30, 2006 represented the largest single quarterly revenue total in the Company's history; a 99% increase in net revenues, compared to the previous largest single quarterly revenue total for the quarter ended June 30, 2005.
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6 Nov 2006 - PowerLinx Update on IP Network Camera Product Line
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--PowerLinx, Inc. (OTCBB: PWNX), a leading developer, manufacturer, and seller of power line communication products, today announced details regarding the next of several innovative product upgrades and new product launches scheduled for 2006.
New for 2006 will be an IP Netcam product line that transmits digital video over the existing electrical lines. This product allows the consumer to install an IP camera anywhere in their home or small office without running any additional wiring. In addition, these IP Network Cameras can be accessed remotely from anywhere using a computer with broadband Internet service.
PowerLinx IP Network Camera technology has several major advantages over existing camera technology. First, the power line technology is significantly easier and quicker to install than existing hard-wired camera alternatives. Second, power line technology offers several competitive advantages against Radio Frequency (RF) wireless camera systems. Power line technology is much more secure and reliable than RF wireless camera systems, with RF wireless camera signals being relatively easy to intercept. In addition, the RF signal is frequently blocked/distorted by walls of a typical home or office or from the RF emissions of appliances like hair dryers or microwave ovens.
The IP Camera technology from PowerLinx has been designed to address the greatest barrier to entry associated with IP cameras - on-site installation. Typical IP camera systems require the user to manually set the IP address and synchronize the subnet mask between the camera and the computer - a task that is very difficult for the average computer user. Traditional IP Camera setups that include broadband access offer even more installation challenges for consumers. PowerLinx IP Camera technology has been designed and engineered to install itself with no user intervention.
An additional feature of PowerLinx IP camera technology is the user's easy access to viewing their IP cameras from other locations using a high speed internet connection and a PC. Other IP cameras require the user to make complicated changes to multiple computer settings for outside access, often requiring professional assistance. PowerLinx technology requires no changes to computer settings by the user.
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10 Aug 2006 - PowerLinx Update on New Covert Video Surveillance Products
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Aug. 10, 2006--PowerLinx, Inc. (OTCBB:PWNX), a developer, manufacturer, and seller of power line communication products today announced details regarding another of several product upgrades and new products scheduled for launch in 2006.
PowerLinx is adding new covert video surveillance products to complement its SecureView camera disguised as a light bulb. Like SecureView, these new products transmit video over the existing electrical lines within a home or small office. The products allow an end user to install a covert camera anywhere in the home or small office without running additional wiring from room to room.
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13 July 1006 - PowerLinx Update on Power Line Audio Product Line
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 13, 2006--PowerLinx, Inc. (OTCBB:PWNX), a developer, manufacturer, and seller of power line communication products today announced details regarding the first of several product upgrades and new products scheduled for launch in 2006.
This product line transmits audio over the existing electrical lines within a home or small office. The product allows an end user to install audio speakers in any room in the home without running additional wiring from room to room.
The product will be introduced in two forms. The first is an iPod/MP3 accessory, complete with audio speakers; and targets the rapid growth of the iPod/MP3 player market. The second is an accessory for home entertainment systems and component stereo systems which have an extensive installed base. Both products allow the user to connect speakers in any room without running wires from the audio source to the room with the speakers. The technology may also be integrated into various consumer electronics products like home entertainment systems. It is especially well suited for surround sound products as it enables the rear surround sound speakers to be connected without running wires across the room. Prototypes were sent to two potential licensees during June of 2006. PowerLinx is currently scheduling presentations to introduce pre-production samples to major retailers during July and August of 2006.
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7 Jun 2006 - PowerLinx, Inc. Obtains Dismissal in Lawsuit Brought by Former Licensor
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 7, 2006--PowerLinx, Inc. (OTCBB:PWNX), a developer, manufacturer, and seller of power line communication products today announced that the civil action initiated against the Company by Satius, Inc. ("Satius"), on August 17, 2005, in which Satius alleged various claims under a former license agreement entered into on December 18, 2002, by and between Satius and the Company, and subsequently terminated by Satius on July 10, 2004, has been dismissed in the Court of Common Pleas of Montgomery County, Pennsylvania. The Company cannot predict whether Satius will elect to pursue other actions.
12 Apr 2006 - PowerLinx CEO Tomlinson Interviewed by CEOcast
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 12, 2006--PowerLinx, Inc. (OTCBB:PWNX) today announced that CEO Mike Tomlinson was interviewed by Michael Wax of CEOcast. The interview can be heard online at http://www.ceocast.com.
In the interview, Mr. Tomlinson described PowerLinx power line technology, which sends video and audio over existing electrical wiring. PowerLinx has chosen to focus the commercialization of its technology on the home, small office and vehicular markets. Each of these are very large, fast-growing markets.
PowerLinx technology advantages include ease of installation and reliability, as compared with competing hard wired and RF wireless technologies. In video surveillance, for example, hard wired technology is very difficult to install because wiring must be run from each camera to the locations in the home or office where the video is to be monitored.
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12 Apr 2006 - PowerLinx CEO Tomlinson Interviewed by Wall Street Reporter
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 12, 2006--PowerLinx, Inc. (OTCBB:PWNX) today announced that CEO Mike Tomlinson was interviewed by Michael Wax of the Wall Street Reporter. The interview can be heard online at http://www.wallstreetreporter.com.
In the interview, Mr. Tomlinson described PowerLinx power line technology, which sends video and audio over existing electrical wiring. PowerLinx has chosen to focus the commercialization of its technology on the home, small office and vehicular markets. Each of these are very large, fast-growing markets.
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31 Mar 2006 - PowerLinx Announces ``Zone Defense'' Trade Show Schedule
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 31, 2006--PowerLinx, Inc. (OTCBB:PWNX - News), today released an updated schedule of trade shows where the Company's "Zone Defense" branded accident avoidance products will appear. Zone Defense systems are targeted at the transportation industry as a whole including RV's, tractor trailers, light trucks and utility vehicles. These products enhance a vehicle operator's ability to see and avoid possible hazards in the blind zones using cameras mounted strategically on the vehicle.
Following a good reception at the Work Truck Show earlier this month, and last week's Mid-American Trucking Show, the Zone Defense show schedule includes four additional venues through August 2006, according to James Markus, Vice-President and General Manager of the Transportation Division.
The upcoming shows are:
Waste Expo, Las Vegas NV, April 5 through 7
The Truck Show, Las Vegas NV, June 15 through 17
The Great American Trucking Show, Dallas TX, August 24 through 26
PowerLinx plans continued expansion of its trade show attendance, for a further reach into all accident avoidance markets.
Markus added, "Now that the Zone Defense family of products represents all levels of accident avoidance, it has been welcomed by customers at trade shows. We will continue showing the industry that we now offer cabled systems, recorders and sensors to complement our successful power line products."
30 MAR 2006 - PowerLinx, Inc. Receives Proceeds from $4.475 Million Convertible Debenture Offering
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 30, 2006--PowerLinx, Inc. (OTCBB: PWNX - News), a developer, manufacturer, and seller of power line communication products today announced that it has received the entirety of proceeds due from a recently completed $4.475M convertible debenture offering with various accredited and institutional investors. PowerLinx had entered into the financing agreement on March 16, 2006, and has received all proceeds due from the offering as of March 29, 2006. In the offering, PowerLinx received proceeds of $3.1M and converted an additional $1.375M of existing debt into the convertible debentures. The proceeds will be used to execute the PowerLinx Business Plan. The plan includes completion of research and development of certain power line technologies as well as completion of development of new power line video and audio products targeted at the video surveillance, vehicle accident avoidance and audio home entertainment markets. As announced, PowerLinx plans to introduce these new products during the third and fourth quarters of 2006.
About PowerLinx, Inc.: PowerLinx, Inc., www.power-linx.com, develops, manufactures, and markets products and applications that transmit voice, video, audio and data either individually or in any and all combinations over power lines, twisted-pair wires and coax in AC and DC power environments, on any and all power grids. The Company has also developed, manufactured, and marketed different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.
22 Mar 2006 - PowerLinx, Inc. Effectuates Reverse Stock Split
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 22, 2006--PowerLinx, Inc. (OTCBB:PWLX - News), a developer, manufacturer, and seller of powerline communication products today announced that it has effected a one for fifty reverse split of its common stock as approved by its Board of Directors on March 3, 2006. Upon today's market open, March 22nd, PowerLinx's common stock will begin trading on a split-adjusted basis under the new trading symbol "PWNX" (OTCBB:PWNX).
Mike Tomlinson, Chief Executive Officer stated, "The reverse stock split was an agreed upon provision under the terms of our new financing agreement that we announced on March 16, 2006; and is part of our overall long-term plan to improve our equity structure and to attract new investors. We believe that this decision, coupled with financing that allows our management team to now focus entirely on the implementation of its business plan; will contribute to shareholder value."
As a result of the reverse stock split, every fifty shares of common stock of PowerLinx that is issued and outstanding shall automatically be combined into one issued and outstanding share without any change in the par value of such shares. The number of shares of PowerLinx's common stock issued and outstanding will be reduced from 238,987,200 as of March 21, 2006 to approximately 4,779,745 shares post-split. The number of shares the Company is authorized to issue was also reversed in the same one for fifty ratio. The reverse stock split affects all shares of common stock, stock options, and warrants outstanding as of the effective time of the reverse stock split. PowerLinx will pay cash to shareholders in lieu of any fractional shares.
17 Mar 2006 - PowerLinx Announces Changes to its Board of Directors
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 17, 2006--PowerLinx, Inc. (OTCBB:PWLX) today announced the resignations of Douglas McIntyre and George Bernardich from the Company's Board of Directors, effective March 2nd and March 6th, 2006, respectively. The Company also announced that Michael Tomlinson and Ted Shalek have been appointed to the Board of Directors, effective March 6, 2006. Mr. Shalek will also serve as Chairman of the Audit Committee, a position vacated by Mr. McIntyre. The Company is greatly appreciative of the past service rendered by Mr. McIntyre and Mr. Bernardich.
Mike Tomlinson joined PowerLinx in February 2004. He received a BBA in both Marketing and Management from the University of Memphis in 1975. Mike has extensive sales, marketing, product development, Business Reengineering and general management experience, having served over 25 years with HavaTampa Cigar, Lenox Brands, PepsiCo (18 yrs.) and Proctor and Gamble. Mike held the office of Vice-President or Senior Vice-President with these companies for 16 years. For the years immediately prior to joining PowerLinx, in 2004, he capitalized on his career experiences as a Business Reengineering Consultant with Benchmark Associates.
Mr. Shalek is currently CEO and CFO of Vertical Health Solutions in Oldsmar, Florida. Previously he served as President of Shalek and Associates, CPA's Inc. of Independence, Ohio. Shalek and Associates provided accounting and consulting services to small and medium sized corporations and other entities. Ted was an Instructor in Business and Taxation at Cuyahoga Community College of Cleveland, Ohio. He has also been a Partner at McManamon, Shalek and Co. CPAs and Tax Manager at Coopers & Lybrand (now PricewaterhouseCoopers). Ted has served on numerous boards. He holds his Certified Public Accountant, Certified Public Valuation, National Association on Security Dealers Series 7 Licenses and is an Arbitrator for the NASD.
16 Mar 2006 - PowerLinx, Inc. Enters Into a $4.375 Million Financing Agreement
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 16, 2006--PowerLinx, Inc. (OTCBB:PWLX - News), a developer, manufacturer, and seller of powerline communication products today announced that it has entered into a $4.375M financing agreement in the form of convertible debentures, from various accredited and institutional investors. The financing includes $3.0M in new funding and the conversion of up to $1.375M of existing debt into the convertible debentures. The 8% debentures have a two year term and are convertible into common stock at a fixed price equivalent to a 35% discount to the 10 day VWAP ending March 6, 2006, subject to adjustment, and includes warrants exercisable into an aggregate of 180.77M shares, priced at 125% of the 10 VWAP ending March 6, 2006, also subject to adjustment.
Mike Tomlinson, Chief Executive Officer stated, "We are extremely pleased that our leading institutional investor has increased its investment in the Company and has also facilitated the participation of several other institutional investors; significantly increasing the Company's institutional shareholder base. In addition, this new financing will now allow the Company's management to focus entirely upon the implementation of its business plan; including the completion, marketing, and sales of its new products scheduled for release during the 3rd and 4th quarters of this fiscal year ending December 31, 2006."
23 Feb 2006 - PowerLinx Issues First Investor Update Since April 2005 Restructuring
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 23, 2006--PowerLinx, Inc. (OTCBB:PWLX - News) initiated a restructuring during the second quarter of 2005 to reduce expenses, to focus resources on its core power line technology and to make changes in its business model that would take advantage of licensing and outsourcing opportunities.
PowerLinx developed a new, aggressive budget during the second quarter of 2005 that projected a reduction in annual expenses of $1 million. The Company successfully managed its expenses within budget during the second and third quarters. The Company is now on track to achieve the budgeted $1 million expense reduction.
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5 Jan 2006 - PowerLinx Rear Vision Systems for Vehicles to be Evaluated in Federally Funded Study
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 5, 2006--PowerLinx, Inc. (OTCBB:PWLX), today announced that its power line rear vision system will be evaluated as part of the federal transportation authorization known as the "Safe Accountable, Flexible Transportation Equity Act: A Legacy for Users" (SAFETEA-LU). The Act authorizes $800,000 to be used for the study.
The US Congress has asked the Center for Urban Transportation Research (CUTR) at the University of South Florida to conduct research into the suitability of power line carrier technology for use in the reduction of fatalities, injuries, and property damage caused by back-over crashes involving motor carriers. Video technology is currently being employed to address this situation, but concerns have been expressed about the reliability, life-cycle cost, and time-out-of-service for vehicles utilizing this technology. The research will evaluate the reliability and life-cycle costs of the Power Line Rear Vision system, and assess the ease of installation and feasibility of wide-spread deployment of the technology. The research will also provide an estimate of cost savings that would result from widespread use of video collision avoidance technology, including savings attributable to the prevention of fatalities, injuries, damage to other vehicles, damage to cargo, and damage to other objects.
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20 Dec 2005 - PowerLinx Expands Transportation Division Strategy with ``Zone Defense'' Branded Products
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Dec. 20, 2005--PowerLinx, Inc. (OTCBB:PWLX), today officially announced "Zone Defense" as the brand name for its line of accident avoidance products. "Zone Defense" systems are targeted at the transportation industry as a whole including RVs, tractor trailers, light trucks and utility vehicles. These products enhance a vehicle operator's ability to see and avoid possible hazards in the blind zones using cameras mounted strategically on the vehicle.
The PowerLinx decision to adopt a comprehensive line of rear vision and obstacle detection products solidifies the Company's plan for becoming a full-line supplier to multiple segments of the transportation industry. "Zone Defense" is now able to market to all vehicles types, configurations and pricing points; from single black and white video camera systems to color multi-camera video systems with sound and other enhancements available to customers.
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15 Nov 2005 - PowerLinx, Inc. Announces Consolidated Results for the Quarter Ended September 30, 2005
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Nov. 15, 2005--PowerLinx, Inc. (OTCBB:PWLX), today reported its September 30, 2005 quarter ended consolidated results.
Revenues of $223,900 for the quarter ended September 30, 2005 exceeded revenues for the same period in 2004 by $138,000 or 161%. Net loss for the quarter ended September 30, 2005 was $941,000 or $.01 per share, including loss from discontinued operations, compared to a loss of $1,420,500 or $.01 per share for the same period ended 2004.
Gross profit increased 199% from $29,300 for the quarter ended September 30, 2004 to $87,400 for the quarter ended September 30, 2005. Operating expenses decreased 29% from $1,420,500 for the quarter ended September 30, 2004 to $1,011,600 for the quarter ended September 30, 2005. Loss from operations decreased 34% from $1,391,200 for the quarter ended September 30, 2004 to $924,200 for the quarter ended September 30, 2005.
As reported in the Company's 10-KSB filed on April 14, 2005, the Company discontinued the operations of its Hotel/MDU products segment and operating results for the discontinued segment have been reported separately as discontinued operations in the consolidated statements of operations for all periods presented in accordance with Statement of Financial Accounting Standards ("SFAS") No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets." Accordingly, for all comparative reporting periods, revenue and expense amounts have been have been reclassified to reflect this accounting.
The results for the quarter ended September 30, 2005 was highlighted by record net revenues of $198,600 in the Company's growing DC Transportation product segment; which includes the Company's rear vision and accident avoidance product line. This resulted in a 905% increase in net revenues compared to the same period ended September 30, 2004. Overall for the nine month period ended September 30, 2005, net revenues for the DC Transportation products segment have increased 102% compared to the same period ended September 30, 2004.
Mike Tomlinson, President & Chief Executive Officer stated: "The DC Transportation division continued to accelerate growth by both expanding distribution to new customers while continuing to increase the number of vehicles installed among existing customers. Continuing revenue growth coupled with a targeted reduction in expenses across the Company produced a substantial decrease in operating losses. We continue to strive to improve performance in each of these areas."
POWERLINX, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
THREE MONTHS ENDED SEPTEMBER 30, 2005 AND 2004
2005 2004
------------ ------------
Product sales, net $ 223,945 $ 85,951
Cost of goods sold 136,529 56,680
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Gross profit 87,416 29,271
Operating expenses 1,011,645 1,420,477
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Loss from operations ( 924,229) ( 1,391,206)
Other income (expense), net ( 6,156) 11
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Loss before discontinued operations ( 930,385) ( 1,391,195)
Gain (Loss) from discontinued operations ( 10,638) ( 29,302)
------------ ------------
Net loss ($ 941,023) ($ 1,420,497)
============ ============
Loss per common share $ (0.01) $ (0.01)
About PowerLinx, Inc.:
PowerLinx, Inc., http://www.power-linx.com, develops, manufactures, and markets products and applications that transmit voice, video, audio and data either individually or in any and all combinations over power lines, twisted-pair wires and coax in AC and DC power environments, on any and all power grids. The Company has also developed, manufactured, and marketed different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.
03 Nov 2005 - Wallis Oil Co. Takes on PowerLinx for Fuel Tanker Truck Fleet
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Nov. 3, 2005--PowerLinx, Inc. (OTCBB:PWLX - News), today announced that its DC power line rear vision system, Zone Defense(TM), has proven effective in early deployment on the Wallis Oil Co. fleet.
Larry Demidow, Wallis Oil Co. Director of Safety, stated: "We at Wallis Companies are highly safety-oriented. We looked at other backing camera systems and found Zone Defense(TM) better suited for our application. Due to the fact that it is "cable-less," we are able to switch tractors with trailers without the driver worrying about double hookup of cords. The camera system was extremely easy to mount. Our drivers like the system due to the fact that it's like having another pair of eyes behind them. Our transport drivers deliver to four to five gas stations per work shift. Zone Defense(TM) ensures the safety of our drivers and our customers during the delivery of our petroleum products to our customers' store sites. The cameras have paid for themselves by preventing all backing up accidents. All our drivers agreed it was the way to go."
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26 Oct 2005 - PowerLinx Announces Milestones for New Products
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct. 26, 2005--Power Linx, Inc. (OTCBB: PWLX - News), today released updates regarding the Company's emerging new products for communicating audio, video, voice, and data over the power lines of an existing home or small office.
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25 Oct 2005 - Mercer Transportation Co. Selects PowerLinx Rear Vision for Specialized Truck Fleet
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Oct. 25, 2005--PowerLinx, Inc. (OTCBB: PWLX - News), today announced that the Company's DC power line rear vision system, Zone Defense(TM), has been offered for installation by Mercer Transportation Company of Louisville, Ky.
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20 Sep 2005 - PowerLinx Rear Vision Now Offered by RV Maker New Horizons, Inc.
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Sept. 20, 2005--PowerLinx, Inc. (OTCBB:PWLX) is pleased to announce that New Horizons Inc., an award-winning manufacturer of recreational vehicles, is offering PowerLinx PowerLine Vision Systems rear vision cameras on their built-to-order fifth-wheel coaches.
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29 Aug 2005 - American Tire to Test PowerLinx for New Trucks
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Aug. 29, 2005--PowerLinx, Inc. (OTC: PWLX - News), today announced that its DC power-line camera system will be tested on new delivery vehicles leased by American Tire Distributors over the next two to three months.
The PowerLinx camera system for trucks, Power Line Vision Systems, eliminates video cables, instead using the vehicle's DC wiring to transmit video images of the vehicle's "blind spots" to an LCD monitor screen in the cab.
If testing goes well, all new delivery-truck leases by American Tire will specify the PowerLinx PLC rear vision system. According to James Markus, PowerLinx VP / General Manager of Transportation Technology, "Our Power Line Vision Systems system with its 'cable-free' technology offers significant maintenance benefits when compared with traditional cabled systems," he said. "The fact there is no on going maintenance to our system keeps our customers' trucks on the road instead of sitting in maintenance bays."
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29 Jul 2005 - PowerLinx CEO Tomlinson Interviewed by Wall Street Reporter
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 29, 2005--PowerLinx, Inc. (OTCBB:PWLX - News) today announced that CEO Mike Tomlinson was interviewed by Sunit Kumar of the Wall Street Reporter. The interview can be heard online at http://www.wallstreetreporter.com.
In the interview, Mr. Tomlinson described PowerLinx power line technology. Power Linx technology sends video and audio over existing electrical wiring. PowerLinx has chosen to focus the commercialization of the technology on the home, small office and vehicular markets. All of these are very large, fast growing markets. Bloor Research forecasts that the security market will continue on a 20% growth rate, attaining $155B in 2006. Another potential market for PowerLinx technology is the Department of Homeland Security. PowerLinx is seeking a licensing partner to sell products using its technology through integrators/installers to this market. The Homeland Security Budget for State and Local governments for 2005 is $1.8B according to USA Today. PowerLinx markets HindSight(TM) Power Line Rear Vision Video Systems to the Recreational Vehicle and Truck markets. A total of 370,000 RVs were manufactured in 2004 and the Recreation Vehicle Industry Association estimates this industry will continue to grow at 17% per year. In our other vehicle market, trucks, the DOT says there are 7.9 million large trucks on the road and 364,000 tractor-trailer trucks manufactured each year.
Tomlinson stated that the distribution contract recently signed with Tri Star should help PowerLinx realize the potential of its HindSight(TM) Video Rear Vision System in this market. Tri Star is among the top 3 distributors to Recreational Vehicle Manufacturers. Tri Star is aggressively seeking to get HindSight(TM) specified for recreational vehicles in the 2006 model year and beyond. HindSight(TM) enables the driver to see what is in the blind spot behind the vehicle, avoiding accidents.
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29 Jul 2005 - PowerLinx, Inc. Announces Consolidated Results for the Quarter Ended June 30, 2005
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 29, 2005--PowerLinx, Inc. (OTCBB:PWLX), today reported its June 30, 2005 quarter ended consolidated results.
Revenues of $504,200 for the quarter ended June 30, 2005 exceeded revenues for the same period in 2004 by $69,900 or 16%. Net loss for the quarter ended June 30, 2005 was $1,175,600 or $.01 per share, including loss from discontinued operations, compared to a loss of $958,400 or $.01 per share for the same period ended 2004.
Gross profit declined 12% from $172,500 for the quarter ended June 30, 2004 to $151,800 for the quarter ended June 30, 2005. Operating expenses increased 15% from $1,111,000 for the quarter ended June 30, 2004 to $1,282,200 for the quarter ended June 30, 2005. Loss from operations increased 20% from $938,500 for the quarter ended June 30, 2004 to $1,130,400 for the quarter ended June 30, 2005.
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26 Jul 2005 - Powerlinx Presents at FSX Investment Conference
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 26, 2005--PowerLinx, Inc. (OTCBB:PWLX - News) today announced that CEO Mike Tomlinson presented an overview of the Company's progress and strategies at the Financial Services Exchange, Inc. quarterly conference, held this past weekend at the Hyatt Regency Hotel, Kansas City, MO.
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20 Jul 2005 - PowerLinx CEO Tomlinson Interviewed by Wall St. Network
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 20, 2005--PowerLinx, Inc. (OTCBB:PWLX - News) today announced that CEO Mike Tomlinson was interviewed by Nick Iyer at the request of the Wall St. Network. The interview can be heard online at http://www.wallst.net, and serves to familiarize investors with PWLX through insights into its products, intellectual property, and new management team.
In the interview, Mr. Tomlinson discussed the Company's core business, power line technology. PowerLinx technology transmits video, audio and data over the existing electrical wiring in a home or small office. Transmitting over the existing electrical wiring has big advantages when compared with traditional hard wired or RF wireless technology. Traditional hard wired technology requires running a dedicated cable, which is expensive, time consuming and disruptive to existing structures. RF wireless, although easier to set up, can be unreliable, since limits placed on output power by the FCC can result in uneven coverage. In addition, RF wireless transmissions can be intercepted using readily available electronics, bringing security into question. Since electrical wiring is present in every structure, users can easily and quickly configure a video surveillance or data system using low-cost, easily installed products from PowerLinx.
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19 Jul 2005 - Tampa's DPW Specs PowerLinx for New Trucks
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 19, 2005--PowerLinx, Inc. (OTCBB:PWLX), today announced that its DC power-line camera system will be specified for all new refuse-hauling vehicles purchased by the City of Tampa, Florida's Department of Public Works.
The PowerLinx PLC camera system eliminates video cables, instead using the vehicle's DC wiring to transmit video images of the vehicle's "blind spots" to an LCD monitor screen in the cab. The refuse-hauling industry was an early adopter of video rear vision, recognizing its value in loss reduction and accident prevention.
All new refuse-hauling vehicle purchases by Tampa's DPW will specify the PowerLinx Hind-Sight(TM) PLC rear vision system. According to James Markus, PowerLinx VP / General Manager of Transportation Technology, the city's decision turned upon servicing costs for cabled video systems. "Our Hind-Sight system with its 'cable-free' technology offers significant maintenance benefits when compared with traditional cabled systems," he said. "We're delighted that the City of Tampa has chosen PowerLinx."
13 Jul 2005 - PowerLinx, Inc. and TriStar Sign Distribution Pact
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 13, 2005--PowerLinx, Inc. (OTCBB:PWLX - News) today announced completion of an agreement with TriStar Distributing of Elkhart, IN. The agreement allows TriStar to distribute and sell the PowerLinx Power Line Vision System(TM) rear-vision PLC product to key OEMs in the Recreational Vehicle industry.
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11 Jul 2005 -- PowerLinx, Inc. Selects IC INTRACOM as Manufacturing, Sourcing Partner
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 11, 2005--PowerLinx, Inc. (OTCBB: PWLX) today announced completion of an arrangement with Oldsmar, Florida based IC INTRACOM USA, Inc. for contract manufacturing and sourcing. Under the arrangement, ICI will manage production and procurement for PowerLinx products, starting with its existing SecureView(TM) PLC video camera, and expanding into production of the forthcoming PowerLinx PLUS technology based products later this year.
IC INTRACOM, Inc. is a privately held corporation with US headquarters in Oldsmar, Florida. ICI operates sales, distribution and manufacturing locations in 13 countries worldwide. Its Global Manufacturing Solutions (GMS) Regional Headquarters is located in Shanghai, China, while the ICI Taiwan Operations Center is the administrative hub for all of ICI Asian operations.
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6 Jul 2005 - PowerLinx Rearvision Now an Option with Lexington and Forester RV Lines from Forest River, Inc.
PowerLinx PowerLine Vision Systems Camera of Choice to Provide Rearvision Safety to Forest River Customers
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 6, 2005--PowerLinx, Inc. (OTCBB:PWLX), the leader in power line communication products, is pleased to announce that Forest River Inc., one of the largest privately owned recreational vehicle manufacturers in the United States, has made PowerLinx PowerLine Vision Systems the rearvision camera of choice for their 2005 Lexington and Forester Lines. Forest River Inc. is located in the heart of the RV production capital, Elkhart, IN, and is also America's largest producer of Towable RVs and Cargo trailers. The PowerLinx PowerLine Vision Systems will initially be offered as on option for both of the RV lines. The Lexington is a premier class "B+" motorized RV, and the Forester is a Class "C" motorized RV. PowerLinx PowerLine Vision Systems are well suited for this recreational vehicle application of rear observation systems because the systems can be incorporated into any stage of production giving extreme flexibility to the production plant, along with the installation cost savings achieved by eliminating the installation of a separate video coaxial cable.
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10 Jun 2005 - PowerLinx, Inc. Completes Transfer of Hospitality Division Customers to EthoStream, LLC
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 10, 2005--PowerLinx, Inc. (OTC:PWLX) today announced completion of an agreement with EthoStream, LLC of Milwaukee, WI. Under the terms of the agreement, EthoStream will assume the management and support of PowerLinx customers under contract with the PowerLinx, Inc. Hospitality Division.
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8 Jun 2005 - PowerLinx Adds VP of Consumer Sales & Marketing
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--June 8, 2005--PowerLinx, Inc., (OTCBB:PWLX - News), a developer, manufacturer, and seller of power line communication products, today announced the addition of Roger P. Roy to the Company's Sales and Marketing Executive Staff. Roy was named Vice President of Consumer Sales and Marketing effective June 1st.
With 35 years' experience, Mr. Roy's expertise includes selling, servicing, packaging and marketing of consumer products. As owner of RPR Associates, Mr. Roy assisted his clients in the retail-channel placement of consumer products, with an emphasis on his relationships with national "big box" retail merchandisers. He is experienced in managing both in-house and manufacturer's representative groups. He holds a B.B.A. in Accounting and Retail Management from Boston University.
Mike Tomlinson, President & Chief Executive Officer stated, "We are very pleased to have Roger join our team. He is a seasoned professional with experience that will lend itself well in continuing to grow our consumer business with PowerLinx's unique power line products."
17 May 2005 - PowerLinx, Inc. Announces New President & CEO
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 17, 2005--PowerLinx, Inc. (OTCBB: PWLX - News), a developer, manufacturer, and seller of power line communication products today announced that the Board of Directors has approved the election of Michael E. Tomlinson as President and Chief Executive Officer. Mark J. Meagher, who has been serving as Interim President and Chief Executive Officer until the Board could complete a search for a permanent candidate, will remain as a consultant to the Company through June 2005.
Tomlinson was appointed Executive Vice President, Sales, Research and Marketing on April 14, 2005. Prior to that, he was Director of Consumer Sales for the Company. He has extensive sales, marketing, product development, and general management experience, having served over 20 years with Havatampa Cigar, Lenox Brands, Pepsi Cola (18 yrs.) and Proctor and Gamble. From 1985 through 1988, he was a Vice President or Senior Vice President in charge of managing area franchises with profit and loss responsibilities. He re-engineered product lines and sales departments, managed marketing and customer service efforts, and restructured operations to increase profitability and market focus. For the years prior to joining PowerLinx, in 2003, he capitalized on his career experiences as a consultant with Benchmark Associates.
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16 May 2005 - PowerLinx, Inc. Announces Consolidated Results for the Quarter Ended March 31, 2005
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--May 16, 2005--PowerLinx, Inc. (OTCBB:PWLX - News), today reported its March 31, 2005 quarter ended consolidated results.
Revenues of $427,400 for the quarter ended March 31, 2005 exceeded revenues for the same period in 2004 by $$76,200 or 22%. Net loss for the quarter ended March 31, 2005 was $2,024,000 or $.01 per share, including loss from discontinued operations, compared to a loss of $862,100 or $.01 per share for the same period ended 2004.
Gross profit declined 18% from $136,800 for the quarter ended March 31, 2004 to $112,200 for the quarter ended March 31, 2005. Operating expenses increased 200% from $999,000 for the quarter ended March 31, 2004 to $1,996,300 for the quarter ended March 31, 2005. Loss from operations increased 218% from $862,200 for the quarter ended March 31, 2004 to $1,884,100 for the quarter ended March 31, 2005.
As reported in the Company's 10-KSB filed on April 14, 2005, the Company discontinued the operations of its Hotel/MDU products segment and operating results for the discontinued segment have been reported separately as discontinued operations in the consolidated statements of operations for all periods presented in accordance with Statement of Financial Accounting Standards ("SFAS") No. 144, "Accounting for the Impairment or Disposal of Long-Lived Assets." Revenues for the discontinued segment were $242,500, cost of goods sold was $228,400, and operating expenses were $152,900; resulting in a net loss from discontinued operations of $139,000.
The restructuring of the Company's management and business operations, as discussed in the Company's 10-KSB filed on April 14, 2005, was largely completed in the first quarter ended March 31, 2005. Restructuring charges of $582,700 were recorded and consisted mainly of severance arrangements, and consulting and legal fees associated with the restructuring. The beneficial effect of these restructuring charges is the expectation that ongoing expenses excluding depreciation and amortization and non-cash compensation expenses should be significantly reduced from historical monthly trends on an ongoing basis.
Mark Meagher, interim President & Chief Executive Officer stated, "We believe the actions taken in the 1st quarter of 2005 will serve the Company and its shareholders extremely well in both the near and long term. The Company's business plan has been realigned to focus on the core of its technology in its three segments; consumer and professional security, rear vision vehicle technology, and marine products. Expenses have been pared to serve these product segments and the Company is now moving forward with renewed confidence in its technology in the markets it does and can serve."
The Company also recently announced that it had secured a private equity investment commitment from certain institutional investors, accredited investors, and directors; to purchase common stock and warrants with anticipated proceeds between $1.12 million and $1.4 million. All of the investment participants are current shareholders in the Company.
25 Apr 2005 - PowerLinx, Inc. Secures Private Equity Investment Commitment
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 25, 2005--PowerLinx, Inc. (OTCBB:PWLX - News), a developer, manufacturer, and seller of powerline communication products today announced that it has secured a private equity investment commitment from certain institutional investors, accredited investors, and directors, for a minimum of $1.12M, up to a total of $1.4M. All of the investment participants are current shareholders in PowerLinx, Inc., and the Company has already received proceeds of $700,000 in conjunction with the investment. At the minimum amount, the private equity investment consists of the sale of approximately 17.77M shares of common stock, together with 3.55M warrants to acquire additional shares of common stock, all of which include registration rights.
About PowerLinx, Inc.:
PowerLinx, Inc., http://www.power-linx.com, develops, manufactures, and markets products and applications that transmit voice, video, audio and data either individually or in any and all combinations over power lines, twisted-pair wires and coax in AC and DC power environments, on any and all power grids. The Company has also developed, manufactured, and marketed different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.
14 Apr 2005 - Powerlinx, Inc. Announces Management Changes and Restructuring
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--April 14, 2005--Powerlinx, Inc. (OTCBB: PWLX - News) today announced that George Bernardich III, Chief Executive Officer, and Michael Ambler, President and Chief Operating Officer, have resigned effective immediately and that their resignations have been accepted by the Board of Directors as of this date. Mr. Bernardich will remain as a director of the Company.
The Board also appointed as Interim President & Chief Executive Officer, Mark J. Meagher, who has been working as a full-time consultant for the Company since March 1, 2005. Mr. Meagher has agreed to serve in this capacity until the end of June 2005, by which time the Board plans to announce a new President & Chief Executive Officer. At Meaghers' recommendation, the Board made the following appointments:
Douglas Bauer, who has been serving as Chief Financial Officer since March 1, 2001, has been named Executive Vice President, Finance & Administration & Chief Financial Officer.
Michael Tomlinson, who has been serving as Director of Sales & Marketing - AC Products since February 1, 2004, has been named Executive Vice President, Sales, Research & Marketing.
James Markus, who has been serving as Director of Sales & Marketing, DC Products, has been named Vice President & General Manager, Transportation Technology Division. In this capacity, he will report to Michael Tomlinson.
Douglas Bauer and Michael Tomlinson will report to Mark Meagher.
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18 Feb 2005 - PowerLinx, Inc. Announces Award of Newest Patent
ST.PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 18, 2005--PowerLinx, Inc. (OTCBB:PWLX), the leader in power line communication products announced issuance of an additional patent for its portfolio. The U.S. Patent and Trademark Office has issued Patent Number 6,842,519, "Communication with Current Detection," on January 11, 2005.
The patent, part of a portfolio of powerline and communication patents, describes the ability to transmit and detect current changes using differential magnetic fields on twisted pair cables.
Stephen R. Rumbaugh, PowerLinx Director of Engineering & Inventor stated: "This patent represents a method of transmission that is extremely robust and is designed to work in a harsh communication environment. A number of applications could utilize this robust transmission technology in heavy manufacturing, robotics, and telemetry circuits."
9 Feb 2005 - PowerLinx Board Elects New Chairman, Engages Independent Management Consultant
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Feb. 9, 2005--PowerLinx, Inc. (OTCBB: PWLX - News) announced today that a Board of Directors meeting was held on February 4, 2005. The Board of Directors accepted the resignation of Chairman George S. Bernardich III, and elected James Williams to succeed him as Chairman of the Board. Mr. Bernardich continues to serve on the Board of Directors and its committees. Mr. Williams has served on the PowerLinx Board of Directors since December 1, 2003, and also chairs the Executive Committee for the Board. Currently the President and CEO of Gold Toe Brands, Inc., headquartered in Burlington, North Carolina, Mr. Williams also serves on the Board of Cluett American Group. He is a past Chairman of the Board of Maidenform Worldwide, and previously served on the Boards of Bibb Corporation, Esprit de Corp., and Ithaca Corporation.
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1 Feb 2005 - PowerLinx, Inc. to Exhibit During Transportation & Maintenance Council's Annual Meeting and Transportation Technology Exhibition
PowerLinx to Feature the Latest Hindsight(TM) Rear and Side Vision Accident Avoidance Systems in Booth #742
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Feb. 1, 2005-- PowerLinx, Inc. (OTCBB:PWLX - News), the leader in power line communication products announced it will be exhibiting its Hindsight rear and side vision powerline technology and products during the 2005 Annual Meeting and Transportation Technology Exhibition of the Technology & Maintenance Council (TMC) of the American Trucking Assn in Tampa, FL. The TMC event runs February 15-18, 2005 at the Tampa Convention Center.
Key industry experts, prospects and customers are being invited to make an appointment to see a demonstration of PowerLinx® technologies and learn more about how these technologies can work for them. The PowerLinx Sales Team is ready to show how our systems will lower your accident rates and expenses while providing short term ROI. There is still time to schedule an appointment by calling 1-888-POWERLX or e-mailing sales@power-linx.com. The PowerLinx® exhibit will be located in booth #742.
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26 Jan 2005 - PowerLinx Issues Update Regarding Purchase Contract with UGC
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 26, 2005--PowerLinx, Inc. (OTCBB:PWLX - News) previously announced the execution of a purchase contract with Universal General Corporation (UGC) for the purchase of the Company's digital powerline surveillance systems. The purpose of this press release is to update the status of the contract with UGC. In accordance with the terms of the contract, in November of 2004, the Company shipped the initial 20 units to UGC. Payment for this product was due to the Company in two equal installments on December 15, 2004, and January 15, 2005. As of the date of this press release, the Company has not received payment for the units shipped to UGC in the fourth quarter of 2004. The Company is unable to predict whether it will receive any payment for this shipment. The Company has suspended all shipments of product to UGC until full payment is received, including the 20 additional units scheduled to ship in January 2005. There can be no assurance that future units will be produced or shipped pursuant to the UGC contract. Accordingly, there can be no assurance that the UGC contract will result in any particular amount of revenue for the Company, or that any revenue at all will result from the UGC contract.
This press release updates the press release, dated September 23, 2004, the Company's 8-K filing, dated September 23, 2004, the press release, dated November 15, 2004, and the Company's 10QSB, dated November 15, 2004, all of which may be accessed via the Company Web site, www.power-linx.com.
About PowerLinx, Inc.:
PowerLinx, Inc., www.power-linx.com, develops, manufactures, and markets, among other devices, products, and applications developed to transmit voice, video, audio and data either individually or any and all combinations over power lines, twisted pair wires and coax in AC and DC power environments, on any and all power grids. The Company has also developed, manufactured, and marketed different kinds of underwater video cameras, lights and accessories for the marine, commercial and consumer retail markets.
29 Dec 2004 -- PowerLinx, Inc. to Demonstrate Products And Technology During Consumer Electronics Show
PowerLinx to Launch SecureView(R) PLVS Plus Home Monitoring Products and Expand Domestic and International Marketing
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Dec. 29, 2004-- PowerLinx, Inc. (OTC BB:PWLX), the leader in power line communication products announced it will be demonstrating powerline technology and products during the 2005 Consumer Electronics Show in Las Vegas. The Consumer Electronics Show runs January 6-9, 2005.
Key prospects and customers are being invited to make an appointment to see a demonstration of PowerLinx® technologies and learn more about how these technologies can work for them. There is still time to schedule an appointment by calling 1-877-321-6281 or RSVP to the PowerLinx CES invitation at http://www.power-linx.com/events/2005-Consumer-Electronics.php. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) Meetings will be conducted at two locations in Las Vegas within minutes of the Las Vegas Convention Center. A demonstration of technology and showing of products in a retail setting will be located at the Computer Builders Warehouse, 7353 W. Sahara Ave. The Company will also conduct meetings at its suite in the Mandalay Bay Resort, 3150 Paradise Road. PowerLinx® will provide transportation by appointment to both locations.
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15 Nov 2004 - PowerLinx, Inc. Reports Third Quarter Results Ending September 30, 2004
Company Ships Digital Powerline Surveillance Systems As Initial Fulfillment Of UGC Contract
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Nov. 15, 2004--PowerLinx, Inc. (OTCBB: PWLX - News), the leader in power line communication products, reported results for the quarter ended September 30, 2004. The Company reported $196,538 in sales for the third quarter of 2004 versus $422,219 for the third quarter of 2003 which represents a -53.5% sales loss and is the first quarterly comparative sales loss in the last nine quarters. For the trailing four quarters, the Company has generated sales of $1,436,310 versus $1,229,510 for the comparable four quarters which is a 16.8% sales gain. The Company reported $66,626 in gross profit for the third quarter of 2004 versus $110,792 for the third quarter of 2003 which represents a -39.9% gross profit loss. However, as a percent of net revenue, gross profit improved by 8 percentage points to 34% versus 26% for the comparative three month period. It continues the effects of an improved cost structure generated from the Company's overseas sourcing.
The following table sets forth selected information from the statement of operations for the three months and six months ended September 30, 2004 and 2003.
Selected Statement Of Operations Information
Three Months Ended Three Months Ended
September 30, 2004 September 30, 2003
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Net Revenues $ 196,538 $ 422,219
Operating Expenses $ 1,627,811 $ 773,519
Net Income (Loss) $ (1,561,185) $ (1,062,295)
Nine Months Ended Nine Months Ended
September 30, 2004 September 30, 2003
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Net Revenues $ 1,107,450 $ 1,043,184
Operating Expenses $ 3,825,312 $ 2,201,415
Net Income (Loss) $ (3,435,482) $ (2,993,415)
The complete statement of Company results may be found in the quarterly 10-QSB report which may be accessed via the Company Web site, www.power-linx.com, using the "SEC filings" link in the investor relations section.
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1 Nov 2004 - PowerLinx, Inc. Enlists Asymmetric Communications Ltd. For European Market
Asymmetric To Provide Certification Services And Develop EU Distribution Channels
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Nov. 1, 2004--PowerLinx, Inc. (OTCBB:PWLX - News), the leader in powerline communication products, has enlisted the services of Asymmetric Communications, Ltd., to provide product certification services and to develop distribution channels in the European Union. PowerLinx intends to develop international markets following the successful launch of the United States version of SecureView family of products for home monitoring systems, PLVS Plus, followed by the other product lines. To prepare to launch this product range within the European and other markets, PowerLinx is required to ensure that the products meet the needs of the EU and to obtain the mandatory CE approvals and marks along with other approvals for counties outside of the EU and USA.
Asymmetric will provide the necessary skills and resources required to help the Company complete the CE and other market certifications of its SecureView products and to subsequently help PowerLinx in getting their products firmly established within selected markets. Asymmetric will collaborate and partner on the project with AMF Ventures, Inc., www.amfventures.com.
Asymmetric has a multi-talented & international team to serve the Company lead by Islee Olivas Salinas, Tony Fish, and Bernard Frieder.
27 Oct 2004 - PowerLinx, Inc. Signs Up New Distribution Partner, WinTron Technologies
WinTron to Market and Distribute PowerLinx Security and Vision Systems
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Oct. 27, 2004--PowerLinx, Inc. (OTCBB:PWLX - News), the leader in powerline communication products, has signed up WinTron Technologies, www.wintrontech.com, to market and distribute PowerLinx security and transportation vision systems. Initially, WinTron will offer the SecureView(TM), "camera in a light bulb" and PowerLine Vision Systems(TM) (PLVS) to its customers. And, WinTron is expected to add new PowerLinx products as they become available in the future.
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14 Oct 2004 - PowerLinx, Inc. Adjusts Private Placement
Company Preparing to Apply for Exchange Listing
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Oct. 14, 2004--PowerLinx, Inc. (OTCBB: PWLX - News), the leader in powerline communication products announced an adjustment from $3.18M to $1.9M in private placements to certain institutional investors, accredited investors, and directors announced September 28, 2004. The Company accepted a reduced amount because of the recent share price appreciation and a delay in transmission of funds by one of the investment groups. The total adjusted $1.9M private placement consists of 12.75M shares of common stock, together with 1.9M warrants to acquire additional shares of common stock. Upon exercise, these warrants would yield additional cash proceeds to the Company of approximately $956,000 in total. The Company has now executed an adjusted aggregate total of $3.5M in private placements during the 3rd quarter which includes those previously announced July 21, 2004 and August 17, 2004. The Company expects to register the private placements shortly.
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14 Oct 2004 - LinxComm Brings Telecommunication Products To PowerLinx Hospitality Market
LinxComm Adds Additional Revenue Stream To PowerLinx
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Oct. 14, 2004--PowerLinx, Inc. (OTCBB: PWLX - News), the leader in powerline communication products has launched a wholly owned subsidiary LinxComm, LLC. LinxComm, through agreements with various Local Exchange Carriers and Competitive Local Exchange Carriers, expects to build a portfolio of Telecommunications products that will meet the specific needs of our customers especially in the hospitality market where PowerLinx currently sells powerline internet connectivity products. LinxComm allows PowerLinx to provide a one-stop shopping service to hotel and multiple dwelling unit property by providing telecom, internal broadband connectivity, digital video-on-demand, and powerline security products and services.
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13 Oct 2004 - Scaff Joins PowerLinx As Director Of Software & Information Technology
Leads Software Development For New Security Products
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Oct. 13, 2004--PowerLinx, Inc. (OTCBB:PWLX - News), the leader in powerline communication products, announced the hiring of Marvin D. Scaff as Director of Software & Information Technology. Mr. Scaff brings extensive experience and expertise to the Company and is well respected in the industry. He has been very involved in the development of the Company's new home monitoring systems and new digital security systems. He joins our current Director of Digital Engineering, Steven R. Rumbaugh in leading our product engineering group.
Mr. Scaff is a software entrepreneur and technologist. In his 25 years of experience, Scaff has served as a founder, chief executive officer and chief technology officer. Scaff has shipped six 1.0 products, and played a significant role in several successful companies.
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28 Sep 2004 - PowerLinx, Inc. Executes $3 Million Private Placement
Company Preparing to Apply for Exchange Listing
TIERRA VERDE, Fla., Sept. 28 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products announced today the completion of $3.18M in private placements to certain institutional investors, accredited investors, and directors. The total $3.18M private placement consists of 22.17M shares of common stock, together with 3.3M warrants to acquire additional shares of common stock. Upon exercise, these warrants would yield additional cash proceeds to the Company of approximately $1,663,000 in total. The Company has now executed an aggregate total of $4.8M in private placements during the 3rd quarter which includes those previously announced July 21, 2004 and August 17, 2004. The Company expects to register the private placements shortly.
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23 Sep 2004 - PowerLinx Secures Digital PowerLine Surveillance System Purchase Contract
PowerLinx Contract to Generate Minimum of $23M Sales Revenue Over Three Years
TIERRA VERDE, Fla., Sept. 23 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products, has executed a purchase agreement with Universal General Corporation (UGC) to purchase PowerLinx's patented digital powerline surveillance systems. The contract calls for the purchase of 10,000 digital powerline surveillance base systems with the ability to purchase as needed add-on digital powerline cameras based on UGC's installation site needs.
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21 Sep 2004 --PowerLinx Signs Up LaunchPower to Market to Government Agencies and Integrators
PowerLinx Poised to Grow PowerLine Security System Sales Through LaunchPower Sales and Marketing Efforts
TIERRA VERDE, Fla., Sept. 21 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products, has enlisted the services of LaunchPower, http://www.launchpower.com, to supplement our sales and marketing efforts in the government sector. LaunchPower joins our government relations agency, Alcalde & Fay, in bringing the Company powerline product solutions to the forefront in this very important market segment.
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18 Aug 2004 -- PowerLinx, Inc. Closes Private Placement Offering
PowerLinx to Launch SecureView(R) PLVS Plus Home Monitoring Products and Expand Domestic and International Marketing
TIERRA VERDE, Fla., Aug. 18 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products announced today they closed the recent private placement offering effective Monday, August, 16, 2004 at 5:00 PM EDT. The $1.636M private placement to certain institutional investors, accredited investors and directors includes the $1.275 placement previously announced July 21, 2004. The total $1.636 private placement consists of 12.8M shares of common stock, together with 1.9M warrants to acquire additional shares of common stock. Upon exercise, these warrants would yield additional cash proceeds to the Company of approximately $962,000 in total. The Company expects to register the private placement in the 3rd quarter.
The company intends to use the funds obtained through this private placement to expand our sales force internally and externally, to launch and market the new SecureView® PLVS Plus home monitoring system, to complete commercialization of digital powerline products, to expand direct television marketing, to increase advertising and marketing expenditures in appropriate markets and product segments, to begin the process of certifications to allow distribution in international markets and for general overhead expenses.
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17 August 2004 -- PowerLinx, Inc. Reports Eighth Consecutive Quarter of Comparative Sales Improvement With Second Quarter Results Ending June 30, 2004
2nd Quarter Sales Represent Best in Company's History; Gross Profit Continues to Improve With 211% Increase as Compared to Same Period for the Previous Year
TIERRA VERDE, Fla., Aug. 17 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, reported results for the quarter ended June 30, 2004. The Company reported $559,713 in sales for the second quarter of 2004 versus $275,364 for the second quarter of 2003 which represents a 103.3% sales gain and is the seventh consecutive quarter of comparative sales improvement for the Company. In addition, the $559,713 in sales represents the largest single quarter of net revenue in the Company's history. For the trailing four quarters, the Company has generated sales of $1,661,992 versus $1,044,031 for the comparable four quarters which is a 59.2% sales gain. The Company reported $215,548 in gross profit for the second quarter of 2004 versus $69,225 for the second quarter of 2003 which represents a 211.4% gross profit gain. The ability to source product overseas should continue to be a major strength of the Company in an effort to improve gross profit margins in future reporting periods.
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5 August 2004 -- On2 Technologies and PowerLinx Launch Strategic Alliance for Surveillance, Security and Video-on-Demand Markets
Products Will Use PowerLinx's Patented Powerline Technology And On's2 VP6 Codec and TrueCast Server Software
TIERRA VERDE, Fla. and NEW YORK, Aug. 5 /PRNewswire-FirstCall/ -- On2 Technologies, Inc., The Duck Corporation (Amex: ONT) and PowerLinx (BB:PWLX), Inc. today launched several strategic initiatives aimed at the surveillance, security, and video-on-demand (VOD) markets. All of these products will use PowerLinx's patented technology for sending audio and video over power lines, twisted pair wires, and coaxial cable in AC and DC environments on any power grid. This technology will be paired with On2's revolutionary VP6 codec and TrueCast software.
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3 August 2004 -- B2Digital Launches Hotellinktv.com Into 5,000 Hotel Rooms to Generate Recurring Revenues
HOLLYWOOD, Fla., Aug. 3 /PRNewswire-FirstCall/-- B2Digital, Inc. (OTC Bulletin Board: BTWO), a provider of Pay per View and Digital Services, announced today that pursuant to an expanded distribution agreement with strategic partner B2 Networks, (LLC), the Company has launched its digital services platform, Hotellinktv.com, into more than 5,000 hotel rooms in the United States. B2Digital will now immediately begin marketing the B2 Digital TV Video on Demand set top box system and its B2WAP Wireless Point to Point service to hotels and Multiple Dwelling units worldwide.
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29 July 2004 -- PowerLinx Announces Record Preliminary Second Quarter Revenue
8th Consecutive Comparative Quarter Revenue Increase; Preliminary Gross Profit Continues to Improve
TIERRA VERDE, Fla., July 29 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (BB:PWLX), the leader in powerline communication products announced revenue for the second quarter ended June 30, 2004 to be approximately $559,700 which represents a 103% comparative quarter sales improvement. The sales volume also represents the largest revenue quarter in the Company's history and the eighth consecutive comparative quarter of sales growth. The gross profit for the second quarter of 2004 is $215,500 which represents a +211% comparative quarter improvement. Other than the marine division, all of the Company product divisions reported sales improvements. The recently launched Hotel & MDU connectivity product division reported initial revenues from installations and recurring revenue sources. Complete second quarter results will be reported in the upcoming 10QSB, scheduled to be released in mid-August.
21 July 2004 -- PowerLinx Executes Private Placement
PowerLinx to Launch Next Generation of SecureView(R) Products and Expand Domestic and International Marketing
TIERRA VERDE, Fla., July 21 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products announced today the completion of a $1.275M private placement to certain institutional investors of 10M shares of common stock, together with 1.5M warrants to acquire additional shares of common stock. Upon exercise these warrants would yield additional cash proceeds to the Company of approximately $750,000 in total.
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20 July 2004 -- PowerLinx Retains Bob Circosta as On-Air Talent
PowerLinx Continues Emphasis On Direct Television Retailing To Market SecureView(R) PowerLine Home Monitoring Products
TIERRA VERDE, Fla., July 20 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products, has engaged Bob Circosta, a legend in Direct Response Retailing, as Spokesperson and On-Air talent for our powerline home monitoring products which include SecureView®, the "camera in a light bulb." Direct television marketing segments have been airing on major shopping network channels since early 2003 for PowerLinx's powerline home monitoring products. Mr. Circosta's addition to this sales and distribution channel adds credibility and will help maximize continued sales growth.
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21 June 2004 -- Telecommunication Products Announces Expanded Marketing and Distribution Agreement with PowerLinx
HOLLYWOOD, Fla., June 21 /PRNewswire-FirstCall/ -- Telecommunication Products, Inc. (BB:TCPD) ("Telpro"), a provider of Pay per View and Digital Services, announced today that it has expanded the recently announced distribution agreement in conjunction with strategic partner B2 Networks (LLC) and PowerLinx, Inc. (BB:PWLX). PowerLinx has already received contracts to begin operating Hotellinktv.com in over 4,000 hotel rooms and additionally will immediately begin marketing the B2 Digital TV Video on Demand system and the B2WAP wireless Point to Point service to hotels and Multiple Dwelling units worldwide.
PowerLinx Inc. has agreed to commit their efforts to market and distribute the B2 Digital Services through their distribution channel to an expanding customer base expected to grow to 7,500 hotels over the next 5 years. Michael Ambler, President of PowerLinx stated, "We have looked at a lot of in room services for the Hospitality, Hotel and Multiple Dwelling Unit (MDU) industries and we are excited about marketing and bringing these true end to end digital services to our customers and clients, which will substantially expand our business with Telpro."
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17 June 2004 -- PowerLinx, Inc. Signs Up Velociti as a Nationwide Installer of PowerLine Vision Systems Serving the Transportation Industry
TIERRA VERDE, Fla., June 17 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (BB:PWLX), the leader in power line communication products, has enlisted the services of Velociti, www.velociti.us , to serve as a nationwide installer of our PowerLine Vision Systems(TM) (PLVS) in the Transportation market segment. Since 1975, Velociti has been a market leader in Transportation and Logistics by providing mobile installation service throughout the United States. Velociti has extensive experience in the installation of transportation technology systems and solutions for large, medium and small fleets.
The PowerLinx program to be implemented by Velociti will initially focus on PLVS installations on mid-to-large size fleets. Velociti began initial installations in late May for several PowerLinx fleet customers after completing the necessary installation time studies in late April. With the addition of Velociti to the PowerLinx Team, PowerLinx is now poised to accomplish scalability of sales for our PowerLine Vision Systems(TM) (PLVS) product line. PowerLinx now has the ability to provide a quality, field tested and reliable PLVS product, which the Company will market through our marketing partner, Winn Technology Group, Inc. In addition, the Company has added two sales account executives with plans for additional associates through the end of the year.
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10 June 2004 -- PowerLinx, Inc. Provides VOD Through Agreement With B2 Networks LLC
PowerLinx Will Provide Video-On-Demand and Other B2 Digital Services to Hotels and Multiple Dwelling Units (MDU's) In Conjunction With PowerLinx Internet Connectivity Products To Generate Recurring Revenue
TIERRA VERDE, Fla., June 10 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (BB:PWLX), the leader in power line communication products, has entered into a marketing and distribution agreement with B2 Networks, LLC to distribute the new B2 Digital Services Product Line. The agreement also provides PowerLinx the ability to market and distribute the Pay-Per-View and Digital Satellite Services of Telecommunication Products, Inc. (OTC Bulletin Board: TCPD); "Telpro" is a strategic partner and minority shareholder of B2 Networks, LLC. The distribution agreement will complement, and enhance, the recently launched PowerLinx product offerings of high-speed internet and connectivity to the Hotel & MDU market segment. The agreement provides for recurring revenue sharing by all participants, including the hotel & MDU property owner, on the services used and purchased by customers.
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17 May 2004 -- PowerLinx, Inc. Reports Seventh Consecutive Quarter of Comparative Sales Improvement With First Quarter Results Ending March 31, 2004
PowerLinx Sourcing Strengths Translate Into 65% Increase in Gross Profit as Compared to Same Period for the Previous Year
TIERRA VERDE, Fla., May 17 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, reported results for the quarter ended March 31, 2004. The Company reported $351,199 in sales for the first quarter of 2004 versus $345,601 for the first quarter of 2003 which represents a 1.6% sales gain and is the seventh consecutive quarter of comparative sales improvement for the Company. For the trailing four quarters, the Company has generated sales of $1,377,642 versus $923,626 for the comparable four quarters which is a 49.2% sales gain.
The Company reported $136,833 in gross profit for the first quarter of 2004 versus $82,768 for the 1st quarter of 2003 which represents a 65.3% gross profit gain. It marks the beginning of the effects of an improved cost structure generated from the Company's overseas sourcing and the strategic business alliance with China Silian Group Co., Ltd (SIC Group), of Chongqing, China. The alliance established SIC as the primary supplier of our power line products and components and establishes a credit line for the Company to procure inventory. The Company has also begun expanding the sourcing of its products beyond Chinato include Hong Kong, Taiwan, and Korea. The ability to source product overseas should continue to be a major strength of the Company in an effort to improve gross profit margins in future reporting periods.
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12 May 2004 -- PowerLinx, Inc. Launches Marketing Campaigns, Enlists Winn Technology Group, Inc.
PowerLinx to Grow Sales by Focusing on Business-to-Business Marketing Campaigns Through Winn Technology Group, Inc.
TIERRA VERDE, Fla., May 12 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, has enlisted the services of Winn Technology Group, Inc., www.winntech.net, to serve as the marketing resource to provide business-to-business marketing campaigns, inbound sales management, first level tech supportservice, dealer database management and competitive intelligence research. WTGI has extensive experience in fielding and processing all types of inbound response to various client marketing campaigns which includes inbound programs similar in nature to the program being launched by PowerLinx. WTGI has provided lead qualification services that included inbound response for clients such as Palm, Gartner, TruSecure, McDATA, Cisco, PeopleSoft, Siemens CN and MercuryMD.
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10 May 2004 -- PowerLinx, Inc. and Choice Hotels International Begin Strategic Alliance
PowerLinx Teams With One of the Largest Hotel Franchise Companies to Offer High Speed Internet Connectivity
TIERRA VERDE, Fla., May 10 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC BB: PWLX), the leader in power line communication products, today announced that it has entered into a strategic alliance agreement with Choice Hotels International (NYSE: CHH), one of the largest hotel franchise companies in the world with more than 5,000 hotels, inns, all-suite hotels and resorts open and under development in 44 countries under the Comfort Inn, Comfort Suites, Quality, Clarion, Sleep Inn, Rodeway Inn, Econo Lodge and MainStay Suites brand names.
The PowerLinx-Choice Hotels International agreement is an annual, renewable contract, which appoints PowerLinx as a Choice Endorsed Vendor offering PowerLinx's high-speed internet access and connectivity to Choice Hotels' United States franchisees. PowerLinx becomes one of only four Choice Endorsed Vendors offering these products, which have been mandated for enterprise wide deployment by the end of 2007. In addition, PowerLinx and Choice Hotels International will begin cooperative efforts for the marketing, advertising, and promotion of PowerLinx's internet access solution to their franchisees prior to and through the Choice Hotels national convention, May 12-14 in San Diego, CA.
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21 Apr 2004-- PowerLinx, Cenuco to Deploy Remote Security CCTV Systems
Offerings Will Combine PowerLinx Video Transmission Technologies and Camera Systems With Cenuco's Live Secure Video on Cellular Phones, PDAs
TIERRA VERDE, Fla., April 21 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, announced today a comprehensive collaboration with Cenuco, Inc. (OTC Bulletin Board: CNUO - News) of Boca Raton, Fla., to deploy the first integrated CCTV solution utilizing PowerLinx power line video transmission technologies and camera systems, combined with Cenuco's mobile software technology to transmit live CCTV video onto cellular phones, Pocket PC devices, and remote computers. With an estimated $39 billion global security and CCTV annual market, the PowerLinx and Cenuco combined offerings will be available for the residential, small to large enterprise, and Homeland Security/Government sectors.
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30 Mar 2004 -- PowerLinx, Inc. Becomes a Member of National Truck Equipment Association
PowerLinx Vision System(TM) Promotes Safety For Trucks and Trailers
TIERRA VERDE, Fla., March 30 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, has become a member of the National Truck Equipment Association (NTEA), www.ntea.com, through our business relationship with Mr. Stan Coveleskie, President of SIA Truck Bodies, Inc. who also serves as a Trustee for the NTEA. The NTEA, established in 1964, currently represents over 1,600 companies that manufacture, distribute, install, buy, sell and repair commercial trucks, truck bodies, truck equipment, trailers and accessories. Buyers of work trucks and the major commercial truck chassis manufacturers also belong to the Association. The NTEA is dedicated to furthering the growth, profitability and professionalism of the commercial truck and transportation equipment industry.
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26 Mar 2004 -- PowerLinx, Inc. Becomes Commercial Member of the Family Motor Coach Association
PowerLinx Vision System(TM) Promotes Safety for RV Communities
TIERRA VERDE, Fla., March 26 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, has become a Commercial Member (#C10012) of the Family Motor Coach Association (FMCA), www.fmca.com, an international organization for families who own and enjoy the recreational use of motor homes.
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16 Mar 2004 -- PowerLinx Reports Record 2003 Sales Revenue With Fiscal Year Results Ending December 31, 2003
Sixth Consecutive Quarter of Comparative Sales Improvement
TIERRA VERDE, Fla., March 16 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in power line communication products, reported results for the quarter and year ending December 31, 2003. The Company reported $328,860 in sales for the 4th quarter of 2003 versus $186,326 for the 4th quarter of 2002, which represents a 76.5% sales gain and is the sixth consecutive quarter of comparative sales improvement for the Company. For the fiscal year of 2003, the Company has generated sales of $1,372,044 versus $704,641 for the comparable fiscal year which is a 94.7% sales gain.
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4 Mar 2004 -- PowerLinx, Inc. Retains ROI Group Associates, Inc. as Investor Relations Counsel
TIERRA VERDE, Fla., March 4 /PRNewswire-FirstCall/ -- PowerLinx, Inc. (OTC Bulletin Board: PWLX - News), the leader in powerline communication products, announced today that it has retained ROI Group Associates, Inc. as its chief investor relations counsel. Operating out of its offices in the heart of New York City's financial district, ROI Group Associates, Inc. (www.roiny.com) is a growth facilitator for small to mid-sized public companies. ROI assists its clients in raising money, locating and completing acquisitions, developing research and investment banking relationships and combines these services in a highly professional and systematic investor relations program.
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3 Mar 2004 -- Power-Linx Supports Sales Growth,
Adds Two Sales & Marketing Directors
TIERRA VERDE, Fla.--(BUSINESS WIRE)--March 3, 2004--Power-Linx, Inc., (OTCBB:PWLX - News), the leader in powerline communication products, has added two additional Sales & Marketing Directors: James P. Markus and Michael E. Tomlinson.
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2 Mar 2004 -- PowerLinx Rounds Out Board With New Member
TIERRA VERDE, Fla.--(BUSINESS WIRE)--March 2, 2004--PowerLinx, Inc. (OTCBB:PWLX - News), the leader in powerline communication products, has further expanded its Board of Directors. Douglas A. McIntyre, Chairman, President & CEO of On2 Technologies, Inc. (AMEX:ONT - News) has accepted an appointment to join the Board effective March 1, 2004.
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4 Feb 2004 -- PowerLinx Acquires Digital Transmission Patents
TIERRA VERDE, Fla.--(BUSINESS WIRE)--Feb. 4, 2004--PowerLinx, Inc. (OTCBB:PWLX - News), the leader in power line communication products, has acquired multiple patents defining digital transmission through regular power lines and also through twisted pair wires.
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5 Jan 2004 -- PowerLinx Inc. Licenses On2 Technologies VP6
Video Compression Will Be Used In Video Security Network Devices
NEW YORK & TIERRA VERDE, Fla.--(BUSINESS WIRE)--Jan. 5, 2004--PowerLinx Inc. (OTCBB:PWLX - News) and On2 Technologies, Inc. (AMEX:ONT - News) today announced that PowerLinx will use the On2 VP6 codec in its next generation digital commercial security products. PowerLinx unique, patented application allows video to be captured live and sent over power lines in AC or DC environments on any power grid.
The On2 VP6 codec will allow PowerLinx to get high quality video capture and decoding with a minimum amount of bandwidth making it substantially easier to transmit video at low data rates. Further, the use of the On2 VP6 codec eliminates royalties associated with other compression technologies.
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