Lebed.biz comments on ABTG.ob- a major breakout is imminent !!!

This was put out by a stock picking guru over this past weekend.

Ambient Corporation (OTC BB: ABTG) has developed patented Broadband over Powerline technology that is making energy use more efficient.



ABTG's largest shareholder is Consolidated Edison Inc. (NYSE: ED), one of the largest power companies in the country. Con Edison has $13 billion in annual revenues and they own 13.82% of ABTG. To see for yourself... click here and scroll down to "Stock Ownership of Management and Certain Beneficial Holders".

To the best of my knowledge... never before has a company as large as Con Edison purchased such a major position in a stock trading for only $0.041.



ABTG is also working with Duke Energy Corp. (NYSE: DUK), Firstenergy Corp. (NYSE: FE) and Entergy Corp. (NYSE: ETR).

These utility companies are going crazy over ABTG's technology due to immense pressure they are under to reduce global warming emissions.



33% of the 7,147.2MM metric tons of green house gases emitted by the U.S. each year comes from the generation of electricity.

ABTG's technology allows Americans to conserve the power used in their homes and reduce energy usage by an estimated 10%.

A nationwide 10% reduction in energy demand would help the environment more than expanding all current solar and wind energy production 10-fold.



A few months ago, Con Edison was praised by President Clinton for joining a coalition of power companies pledging to spend at least $500 million annually to reduce global warming emissions by 30 million tons over the next decade.

http://www.nypost.com

It is my belief that Con Edison is relying on ABTG's technology to play a major role in achieving this goal.



ABTG's technology creates a two-way, digital communications network that is distributed over power lines. It allows consumers to keep track of exactly how much energy their homes are using in real-time, along with the price they are paying.

It also allows the power companies to compensate the customer for the right to curtail certain loads (air conditioners, hot water heaters, dryers) for limited periods at peak load times.

Every day in the U.S. an average of 500,000 people experience power outages of at least two hours. ABTG's technology is expected to cut these outages by 80%.

In the event that there is a power outage, ABTG's technology enables timely and efficient service restoration without the need of any additional equipment to be deployed.

ABTG also allows the power companies to reduce their labor costs by providing new applications such as Automated Meter Reading and Remote Disconnect/Reconnect.

Vicis Capital, which manages approximately $2 billion, invested $2.5MM into ABTG last week bringing their total investment in the company up to $12.5MM. EarthLink Inc. (NASDAQ: ELNK), one of the largest Internet Service Providers (ISP) in the U.S., has also made an investment into ABTG.

I can't believe ABTG is trading for only $0.041! Take a look at its one month chart below...



In my opinion... a major breakout is imminent!

-----


Jonathan Lebed
Lebed.biz
Staff

Posted by Anonymous