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VFC's Stock House Reports: It's All Starting To Come Together For Implant Sciences

(USGovernment-News.Com, September 7, 2012 ) New York, NY -- It all looks to be coming together for Implant Sciences (IMSC). With probably the most significant key catalyst in the company's history expected to unfold this month - that being the potential TSA approval of the Quantum Sniffer (QS) B220 benchtop explosive trace detection (ETD) device, which has already completed certification readiness testing and moved on into the final phase of the approval process - Implant is also making strides in its global sales division while taking care of some financial house cleaning, as well.

Both developments bode well for the short and long term future of this company.

VFC's Stock House, an information and research outlet that brings ideas and opens discussions to a broad spectrum of investors, reacts to recent developments at Implant Sciences with a full report available by visiting: http://vfcsstockhouse.com/blog/article/-implant-sciences-it-s-all-starting-to-come-together

On the sales front, Implant announced earlier this week that the company will send 25 QS-H150 handheld explosives trace detectors to an unspecified location in Africa for use in defending critical infrastructure. For investors, some of whom had generally considered previous sales announcements to be the "onesie-twosie" types, an order of 25 units is a nice validation of customer confidence in the technology and a sign that Implant is starting to make significant headway in the African market. Sales progress on the European front was also noted over the past couple of weeks and the rush of new orders may relate to a comment an Implant employee made in an early-summer news report that indicated the QS production lines will soon be "bursting at the seams."

While the sudden burst in new sales is definitely a notable event leading into the expected approval catalyst this month, maybe even more significant for Implant and its investors is the extended credit agreement that the company managed to negotiate with its senior secured lender, DMRJ Group LLC. DMRJ holds over $20 million in Implant debt and some concerns were aired recently over the fact that much of the debt was coming due at the end of this month. Those concerns are now alleviated as DMRJ has agreed to extend the terms of the agreement until the end of March, 2013, providing a full two quarters of development and progress for Implant before having to worry about debt coming due.

Investors welcomed the news and vote of confidence with open arms as shares traded higher by twenty percent on Wednesday.

In addition to extending the due date of indebtedness, the two sides have agreed to convert $12 million of the existing $23 million line of credit into a "senior secured convertible promissory note that is convertible into a new Series H Convertible Preferred Stock." The preferred stock will be "convertible into Implant Sciences' common stock at a price of $1.09 per share," according to the Wednesday release. The convertible price of $1.09 significantly boosts the foundation set by previous agreements and places DMRJ in a more strategic position alongside shareholders, all of whom stand to benefit by any future successes registered by Implant.

The most immediate of those successes may unfold within weeks. As mentioned above, the QS B220 is currently "undergoing the final independent validation testing for TSA qualification for air cargo screening," according to a recent release by the company, and the expectation is that related news will be on the street by the end of the current month. In regards to the approval process, Implant is currently engaged in a quiet period. As we have seen this and last week, however, the Vice President of Global Sales and Marketing for Implant - and defector from competitor Morpho Detection - Dr. Darryl Jones has not been silent as a slew of new global orders have been secured. Some investors may speculate that the slew of new orders is a sign that customers believe that TSA approval is 'in the bag,' while others may take it as evidence that Implant could survive just as well, even without the expected approval.

Should the TSA approval take place - as many expect it will - then Implant would be positioned to potentially take advantage of the key December 3rd deadline imposed by the TSA stating that all inbound-US air cargo on passenger airliners will be screened for explosive traces. Given that the B220 is currently in the final phases of testing for precisely that indication, it's safe to assume that Implant intends on targeting some key contracts, should the B220 garner the TSA approval, which would also likely have very positive implications on the IMSC share price.

For a full report and to follow IMSC updates, visit VFCsStockHouse.com.

Contact VFC's Stock House: vfc@vfcsstockhouse.com

Follow VFC's Stock House on Twitter: https://twitter.com/#!/VFCsStockHouse

'Like' VFC's Stock House on Facebook: http://www.facebook.com/pages/VFCs-Stock-House/143724412345213

About VFCsStockHouse.com:

VFC's Stock House is an information and research outlet that brings new ideas to the table and opens discussions for a broad spectrum of investors, with a strong focus on - but not limited to - biotech stocks, biopharma stocks, and pharmaceutical and healthcare stocks. VFC's Stock House provides individual company profiles, write-ups and reports as well as giving general insights into broader-market news through various 'Stock Watch' lists. At the conclusion of most weeks, VFC's Stock House issues a "Weekly Stock Watch" that examines news items, stocks and stories that made headlines during the previous trading week, but may also make headlines or influence trends during the upcoming week as well. The information contained within the pages of VFC’s Stock House are not intended to be taken as advice, but as a starting point where investors can follow up with their own DD and devise their own entry and exit strategies.

For full disclaimer visit: http://vfcsstockhouse.com

VFC's Stock House

VFC

240-786-2111

vfc@vfcsstockhouse.com

Source: EmailWire.Com

Source: EmailWire.com

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