After several weeks of success, we took a few days off last week when the market turned south.
Guess what...... WE ARE BACK with a New Trade to Put on Watch!!!
ABHI.ob (AmbiCom Holdings, Inc.) received some significant news yesterday after hours and some unique trading activity that leads us to believe something may be happening in the upcoming weeks.- AmbiCom Receives Additional $1.1 Million Purchase Order From a Major ClientMarketwire(Mon, May 10)
ABHI.ob has been slowly drifting toward support the last few weeks and finally found it @ .35 & .38 early last week. Even with the market pullback, ABHI did not drop in price.
ABHI stayed strong and yesterday it saw an increase in activity on the offer with 3 consecutive upticks. This leads us to believe that something may be in the works for ABHI.Put ABHI on watch for a bounce from these levels and a possible breakout!!!
ABHI is just beginning to actively trade and with the lack of selling pressure, the upside could be Very Significant!!!
About AmbiComAmbiCom Holdings, Inc., (OTC BB: ABHI.OB)
AmbiCom was founded in 1997 in the heart of Silicon Valley. The Company delivers its medical device OEM modules to global medical device companies including Cardinal Health/Carefusion, Siemens, Draeger and Roche. AmbiCom has sold over 300,000 units to these clients since 2007. According to an ABI Research study, industry expert expect the wireless medical device and module category to be one of the fastest growing categories within the medical industry, growing at approximately 57.8% per year through 2011.
AmbiCom was founded in 1997 in the heart of Silicon Valley. The Company delivers its medical device OEM modules to global medical device companies including Cardinal Health/Carefusion, Siemens, Draeger and Roche. AmbiCom has sold over 300,000 units to these clients since 2007. According to an ABI Research study, industry expert expect the wireless medical device and module category to be one of the fastest growing categories within the medical industry, growing at approximately 57.8% per year through 2011.
AmbiCom is headquartered in San Jose, California, and is a leading designer and developer of wireless products focusing on the wireless medical industry. The Company's wireless modules and devices are based on the Company's innovative application software for both Wi-Fi and Bluetooth technologies. AmbiCom is committed to wireless design and development of software and hardware, and to bringing new and innovative products to the wireless medical markets and other sectors. The Company plans to grow organically, and to augment that growth by selectively acquiring complementary products and technologies via acquisition opportunities deemed to be of strategic value.
Management Team
AmbiCom Holdings Inc. has assembled an experienced Management Team led by the Company's Founder, President, Kenneth Cheng; CEO, John Hwang; VP of Software Engineering, Xing Guo. The Company's three other members of the Senior Management, as a group, have many years of combined experience in the wireless industry.
CEO
John Hwang is the CEO of AmbiCom Holdings Inc. Prior to working at AmbiCom Holdings Inc., John Hwang has over 20 years' corporate and entrepreneurial leadership experience in semiconductor technology and consumer electronics, Mr. Hwang was President of Osicom, a fiber optic and network technologies manufacturer, Partner of C-Logix, technology manufacturer, Vice-President of Samsung America.
Founder, President
Kenneth Cheng is the Founder, and President of AmbiCom. Prior to founding AmbiCom Holdings Inc., Kenneth Cheng was Chairman, President, and CEO of CardWare Lab, Inc., an Ethernet Product Manufacturer in Data Communication. Mr. Cheng has over 23 years of computer industry experience in Data Communication and VLSI design, including roles as a VLSI Design Engineer and Project Leader in industry pioneers Lucent Technologies, Chips & Technologies and LSI Corporation.
VP of Engineering
Xing Guo is the VP of Software Engineering and has over 10 years of computer industry experience, specialized in Embedded Real-Time System, Data Communication Network Protocols and LAN & WAN adapter device drivers. Mr. Guo has significant full spectrum project management experience from defining specifications, forming and managing a team, design and implementation, up to final product release.
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