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Angstrom Microsystems (OTCBB: AGMS) Takes a Spam Route

By Martinas B.
Date: May 29, 2008

Someone has been running a spam campaign, which promotes Angstrom Microsystems (OTCBB: AGMS) stock. It has been just eight days since we featured Bio-Clean International (BCLN.PK). Anyway, let's see what we have here. Angstrom Microsystems (OTCBB: AGMS). Sounds interesting...

Angstrom Microsystems apparently is dedicated to make the world a greener place to live, like other zillion companies. Actually Angstrom is trying to create a revolution by reducing computing costs in large data centres. It develops some sort of a technology that is supposed to help to reduce the electricity needed to operate the computers.

Angstrom did not make a cent in revenues, whatsoever, since its inception in 2005. The company discloses that it had $300 in cash and a working capital deficit of $189,512 as of March 31, 2008. Since the company's launch it has lost $365,776.

Yesterday the company announced that LumArray Inc., has purchased newly developed and highly anticipated xFFT software library (FFT stands for "Fast Fourrier Transform" meaning an algorithm that uses sine and cosine waves to derive an end result).

"Angstrom is pleased to provide a first-to-market FFTW compatible library solution for LumArray in order to help them crunch their lithographic data more efficiently," said Lalit Jain, CEO of Angstrom Microsystems. "LumArray is the first of what we expect to be many clients that will result in significant revenue potential for Angstrom."

Good stuff for Angstrom. The new deal will give the company a huge boost and will inject some optimism. And most importantly - some money. The stock though, is dirty now. Spammers are trying to make some money for their summer holidays. Therefore, personally, I would refrain from investing in this stock.

Reference

www.angstrom.com

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User comments

Lalit Jain [2008-06-05]

Angstrom Microsystems has been the victim of a spamming campaign from unknown parties. We have notified the SEC and we have issued a press release to this effect so that it is absolutely clear that we do not have a hand in any of this! We do not warrant being placed on your list. Angstrom Microsystems Corp. (AGMS) is the public parent company of Angstrom Microsystems, Inc. (AMI) -- a wholly owned subsidiary. We, at AMI, merged with AGMS recently, so, even though AGMS did not have sales (it was a non-operational public shell), AMI had sales of about $2MM last year. AMI did this merger with AGMS so that we could have (positive) publicity and access to the public markets through AGMS. We have traditionally been selling to companies like Blue Sky Studios (we are in the end credits of Ice Age the Meltdown) and the NIH (biowulf.nih.gov -- see our racks in the picture). Our new products are geared towards reducing energy consumption in the data center -- from both the hardware and software side. Being an MIT alumni myself, I have access to organizations affiliated with MIT, hence, we landed our first (software) sales with a company that is comprised of MIT alumni and staff. We will be coming out with our next generation of liquid cooling products -- for which we have file 2 patents -- in the October time frame.

You and anyone else interested are welcome to come to Angstrom in Boston and we will show you what we do.

I would appreciate a retraction and removal from your list. Please let me know if you have any questions.

Lalit

RJ in Texas [2008-06-15]

I have received over 50 spam emails since friday pumping this stock. Classic "pump and dump".

D. in San Antonio TX [2008-06-15]

I've been receiving numerous spams regarding agms among others. I forward them all to enforcement@sec.gov

Steve [2008-06-16]

We have received so much spam mail, it MUST be in the millions to billions! Our lone mail server actually shut down. This has effected our day to day business and we would persue legal action, if we just knew who to go after!? At this point, it appears that zombie servers from too many irresponsible parties, its practially a DOS attack. What are we to do?