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Archive for September 12th, 2007

Advanced Tactical Systems Paintball Gun Attracts Interest as Military Training Weapon

Wednesday, September 12th, 2007

Advanced Tactical Systems, Inc., whose realistic new paintball weapon already has attracted the interest of a dozen military agencies, today said it is actively marketing its systems to meet a major military training need and take the early lead in a worldwide marketplace.

Military organizations have just begun exploring the use of paintball guns in combat simulation exercises. But current recreational-use paintball guns have several drawbacks limiting their effectiveness. ATS is the first firm to create patented paintball systems that simulate tactical weapons and provide a realistic training experience, according to Maureen Steinwall, ATS president.

ATS introduced its products to the military marketplace in September, during a trade show at Quantico, Va., a U.S. Marine base and FBI training facility. The company also has begun a direct-mail and telemarketing campaign aimed at the recreational departments of the nation’s 480 military bases, some of which already use paintball in their R&R activities.

Since September, when ATS created a Web site advertising its systems, the firm has received inquiries from 13 organizations from countries such as Israel, Germany, Great BriTS’ sales and marketing efforts, Steinwall said part,” Steinwall said.

“Now we’re lookintinue to sell its non-tactical models to the ret can’t be achieved through current classroom, in thinking and performing under highly demandi the exercise, while giving soldiers muscle memtballs from large and cumbersome top loaders, w support products as well.”

ATS currentlyinnovative paintball systems that will revolutionize the non-lethal tactical training and recreational markets. Based in Minneapolis, the privately held development-stage company expects to compete in and lead the marketplace through its creative product designs, innovation capabilities, cost-effective structure and proven, high-quality production skills.

MDM Group, Inc. Joins the Girvan Institute as a Technology Affiliate

Wednesday, September 12th, 2007

Has entered into an Enterprise Affiliate Agreement with the Girvan Institute of Technology, an organization chartered to foster public-private partnerships on a global scale.

Girvan Institute of Technology Vice President and COO, Gopal Patwordhan stated: “We are delighted to welcome MDM Group as an Enterprise Affiliate Partner and look forward to continuing our involvement with the Company’s ShockRounds™ project as well as being able to assist with the deployment and commercialization process of ShockRounds™ and other MDM Group technologies and services.”

The Company’s ShockRounds™ non-lethal and less-lethal technology is protected through pending Patents prepared and filed while the Technology was under development at the Girvan Business Venture Acceleration Network (B-VAN). See: www.girvan.org and search “MDM Group.”

MDM Group Director of Strategy, Chris Nichols stated: “Our Company is excited about this opportunity to be working with the Girvan Institute where the Institute can assist in the market introduction and facilitation of MDM Group products that are positioned to contribute to many industry segments of national importance.”

About Girvan Institute of Technology:

The Girvan Institute of Technology was established in January 2002, and is a non-profit public benefit corporation incorporated under the laws of the state of California.

The Institute functions as a catalyst to accelerate the development and application of cutting edge technologies into useful products and services on a global scale.

The Girvan Institute of Technology promotes real time collaboration and exchange between technology developers and potential exploiters of emerging technologies in the private and public sectors.

The Institute leverages the technological output of research & development enterprises in the private and public sectors labs to promote collaborative development of technology, transmission and dissemination of intellectual assets, and the development of commercial enterprise across the globe.

Girvan’s affiliates and partners include research labs in the United States and abroad, fortune 1000 companies, small and medium sized hi-tech companies and a number of private equity and venture capital firms.

MDM Group is a development stage advanced technologies Research and Development Company focused on business risk management, IT security, software development and, security solutions for law enforcement agencies, military and Homeland Security.

MDM Group currently has two major business interests in development, the promising ShockRounds™ ; project and the Solutions International business — which is already generating revenues.

ShockRounds™ are a potential breakthrough product for the law enforcement industry, the military, border control and anti-terrorism and Homeland Security initiatives, due to their versatility and multiple applications. When fired, a ShockRounds™ specialized bullet generates an extremely high voltage charge. This voltage discharges instantly upon impact causing immediate target incapacitation.

TASER International Inc. Receives Working Capital Line Of Credit From Silicon Valley Bank

Wednesday, September 12th, 2007

Silicon Valley Bank (the “Bank”), a wholly owned subsidiary of Silicon Valley Bancshares, announced it provided TASER International Inc. with a $1.5 million line of credit.

TASER International, the leading company in the development, manufacturing, and sales of non-lethal stun devices, will use the financing for working capital purposes.

“TASER International Inc. has found Silicon Valley Bank to be unique in working with young high-growth technology companies and their financing needs,” said Phillips W. Smith, chairman of TASER International Inc.

Through its advanced non-lethal protection systems, TASER offers a safe, highly effective means of self-defense. The Company also has developed and implemented an innovative weapons tracking program called AFID (Anti-felon Identification). AFID is the first fully functional weapon tracking system that can trace back to a registered user from evidence left at a crime scene. This system has been highly effective not only in deterring criminal behavior, but also in securing legality for the Company’s products in over 60 countries.

“Watching the evolution of TASER International from its emergent stage to its recent IPO has been exciting,” said Amy Lou Blunt, relationship manager in the Bank’s Phoenix office. “The dedication and support of the founding investors has played a significant role in guiding the company to where it is today, as well as fostering our banking relationship. We are pleased to continue our association with TASER, and look forward to their continuing success.”

Silicon Valley Bank serves emerging growth and middle market companies in targeted niches, focusing on technology and life sciences, while also addressing other specific industries in which it can provide a higher level of service and better manage credit through specialization and focus.

The Bank operates throughout the Silicon Valley: Santa Clara, Palo Alto and Sand Hill, the center of the venture capital community in California. Other regional offices within California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma. Office locations outside of California include: Phoenix, Arizona; Boulder, Colorado; West Palm Beach, Florida; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington.