DALLAS, Oct. 4, 2004 (PRIMEZONE) -- John Pentony, publisher of StockGuru.com, announced today the addition of Ikona Gear, Inc. (OTCBB:IKGI) to its featured company profiles on the website. Stockguru.com is a leading internet portal for individual investors who are seeking quality information on many up-and-coming micro-cap firms which lack Wall Street coverage. Mr. Pentony made the following remarks about Ikona, "We are very pleased to add such a promising, yet undiscovered, firm like Ikona to our profiled companies list. Ikona's proprietary gear technology provides many superior features over conventional planetary gears that are currently on the market. We plan to be an integral part of bringing this exciting company to the attention of thousands of investors."
Ikona recently announced a partnership with Magna Advanced Technologies (MAT) to develop products which will have commercial applications in the automotive industry. Entering the automotive gear market represents an incredible growth opportunity for the company. The following is quoted from the company's September 20, 2004 press release:
"Over the past 16 months MAT has conducted extensive prototyping and testing of Ikona's gearing technology in our Canadian and Austrian facilities, that generated some positive results. Therefore we have concluded that it would be advantageous for MAT to approach customers regarding specified OEM product initiatives in certain target markets over the next 12 months. We look forward to furthering our relationship with Ikona."
The profile report may be viewed in its entirety at: http://profiles.stockguru.com/ikgi/
About StockGuru.com
StockGuru.com is a leading Internet stock investment web site providing coverage and analysis of many small cap and micro cap companies. StockGuru.com is associated with TalkingStocks.com. Both offer profiles and interviews with key executives from publicly traded companies. For more information contact John Pentony, (972) 731-8621, Publisher@stockguru.com.
Disclosure: Pentony Enterprises LLC has been compensated a total of $10,800 for our profile campaign by Ikona Gear, Inc.
About Ikona Gear
Ikona's patented intellectual property involves a unique gear tooth form that provides very high gear reduction, very high gear tooth contact, and rolling rather than sliding contact between gear teeth. Our technology affords significant advantages over traditional planetary gearing systems including: very high torque, size and weight reductions, zero backlash, accurate back-and-forth actuation, low wear, superior efficiency, and low noise. Ikona is traded over the counter on the NASD Bulletin Board, under the symbol "IKGI", and on the Frankfurt Exchange under the symbol "IG2".
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.