Acacia Research Corp. announces sales figures.PASADENA, Calif.--(BUSINESS WIRE)--July 13, 1995--Acacia Research Corp. (ACRI) released sales figures for the six months ended June 1995 of $1.35 million. This compares with $87,000 for the like period in 1994. The company also reported that sales for the month of June exceeded $300,000, another new high. Earnings are also up and will be released within the next 10 trading days. Acacia Research is a leader in the rapidly emerging use of "smart" computers for investing in the stock market. The company has invested more than $1 million during the past three years to develop and test "smart" computer programs. The company has utilized state-of-the-art technologies, such as neural networks, genetic algorithms Genetic algorithms Search procedures based on the mechanics of natural selection and genetics. Such procedures are known also as evolution strategies, evolutionary programming, genetic programming, and evolutionary computation. , stochastic optimization and Bayesian analysis Bayesian analysis A decision-making analysis that '…permits the calculation of the probability that one treatment is superior based on the observed data and prior beliefs…subjectivity of beliefs is not a liability, but rather explicitly allows to develop both "adaptive" and stock-screening computer programs. The company has developed four proprietary computer programs which it is using as a managing partner of a private investment partnership. These programs are Acacia's Trading Optimizer, Acacia's Trading-Range Analyzer, Acacia's Valuation Model and Acacia's Earnings Forecast Projector. Acacia's subsidiary, Whitewing Laboratories, engages in direct- response marketing of health-care products formulated with natural ingredients. Since products are nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. , which are classified as foods, they do not require FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval. However, all product labeling and advertising copy must be within FDA established guidelines. The company's current product portfolio includes Arthrivive to provide pain relief to arthritis sufferers without the side effects Side effects Effects of a proposed project on other parts of the firm. associated with over-the-counter products and prescription drugs, Prostsafe for men to address the symptoms that affect the prostate gland, and Propause for women to help maintain a natural balance of estrogen and progesterone progesterone (prōjĕs`tərōn'), female sex hormone that induces secretory changes in the lining of the uterus essential for successful implantation of a fertilized egg. with the help of phytoestrogens Phytoestrogens Compounds found in plants that can mimic the effects of estrogen in the body. Mentioned in: Premenstrual Syndrome phytoestrogens, n.pl plant-derived estrogen analogs. . Whitewing is rapidly expanding its product line and plans to introduce as many as 20 new products in 1995. CONTACT: Epoch Financial Consultants Inc., Smyrna, Ga. Jim Blackman, 404/434-5462 |
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