Aftificial Life Launches Green Cortex - (OTCBB: ALIF)

Artificial Life, Inc. (OTCBB:ALIF), a leading provider of award-winning mobile broadband technology and applications, announced today the establishment of a new subsidiary to develop more mobile business applications and sustainability products and to venture into the booming green IT business.

The new business entity, named Green Cortex, Inc., a BVI company based in Hong Kong, will combine mobile broadband technology, augmented reality and artificial intelligence technology to target a range of green IT markets globally with a mission to minimize global carbon footprints and energy consumption. The planned products of the Green Cortex will be divided into 4 product lines/intelligence levels.

1. The Community Cortex targets the general mobile and Internet markets and offers a range of green web and smart phone apps that build up a community platform for sharing educational and environmental information and user generated content.
2. The AR Cortex focuses on Augmented Reality (AR) technology, the merging of the virtual world with physical reality to facilitate the sharing of information in a better and more interactive manner. The technology can be combined with smart readers and remote mobile control systems to support the development of applications for building management.
3. The Optimizer Cortex represents the highest level of intelligence and focuses on customized optimization systems based on the principles of genetic algorithms -- the underlying technology used to concurrently optimize many critical parameter values during a production or transmission process. Optimization solutions can be applied to areas such as energy grid set-up and optimization, power transmission, traffic flows and logistics, etc.
4. The Safety Cortex also represents the highest intelligence level and intends to encompass a series of intelligent monitoring and alert functions based on fundamental technologies derived from human brain research and neuro science. The product features self optimization, self organization and self healing functions to detect and prevent fatal environmental hazards and can be adapted and applied to large scale industrial plants involving complex pipe systems, chemical devices, power circuits, vessels, etc.

Artificial Life has been considered by many a promising company, however, it seems they have had trouble with their accounts receivables. The company is generating strong revenues as is shown through their EPS and P/E Ratio, however, it seems they are not generating cash from these revenues. The company has been prone to collecting bad accounts. If they can focus on reliable customers like APPL and T perhaps this could change.

The stock is trading flat today at a mere 8.6k volume.