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Please - Opinions on CMXS after the conference call 9/26/02???
Thanks
Pamola1
Ingenuity Makes Take Over Offer for Cormax Business Solutions, Inc.
CALGARY, Alberta, Sept 12, 2002 (BUSINESS WIRE) -- Ingenuity Marketing (2000) Inc. (Ingenuity) has entered into an agreement with Cormax Business Solutions Inc. (OTCBB:CMXS) (Cormax) to take over Cormax.
According to the agreement, Ingenuity will acquire one million convertible preferred shares of Cormax, which is the controlling interest in Cormax. The agreement requires Ingenuity to complete the acquisition of Identification Technologies Inc (IDENTEX) www.identex.net for the benefit of the Cormax Shareholders, to deliver an underwriting commitment of $3,000,000 USD, and pledge to obtain $8,000,000 USD in gross sales of IDENTEX products and services within two years, by Oct. 31, 2002.
Identification Technologies Inc.
IDENTEX, located in Alberta, Canada, is a Registered Security Firm selling proprietary Asset Protection and Brand Authentication Products and Associated Services. Its current client list includes many Fortune 100 and 500 companies across Canada. IDENTEX currently operates from coast to coast, and has offices in British Columbia, Alberta, and Ontario.
IDENTEX is able to mark finished goods or pre-manufactured components of finished goods for identification. The client is then able to track its product or product components from point of manufacturing to final retail sale. This process can also be used to protect major brands, which are often counterfeited and sold through unwitting or "gray-market" retailers.
Through its patented portable scanning technology IDENTEX is able to prove ownership of any marked asset within seconds with 100% certainty. Through the proper implementation of its asset protection system a complete chain of evidence is formed that is acceptable to law courts throughout North America. While the Asset Protection system has been designed and proven as an effective theft and counterfeiting deterrence tool, some of IDENTEX's clients have effectively used the product to catch professional thieves in the process of theft on an international scale.
The IDENTEX Market
The Anti-Counterfeiting Coalition of Washington, D.C. has determined that the cost of counterfeit or stolen manufactured goods to North America manufacturers amounts to $300 billion US annually and that the worldwide problem exceeds $1 trillion US annually.
Employee theft is a major problem facing all mid- to large size companies. The US Department of Labor and Chamber of Commerce estimates that the average employer loses $500 US per employee per year to internal fraud. IDENTEX's clients report reductions in employee theft of between 50-85% within weeks of implementation of its products and services.
A major software producer stated in a recent article that stolen or fraudulently replicated software and packaging results in the loss of $12 billion US in retail sales. IDENTEX can solve problems like this with its asset marking products and proprietary scanning technology.
Ingenuity and IDENTEX
Ingenuity is a business-consulting firm that has worked with IDENTEX to redevelop its business plan. In addition, it has established a national agency network of security firms that are already providing security services to IDENTEX's target clients. IDENTEX is now positioned for rapid growth through this network.
Commenting on the takeover offer, Todd Violette, CEO of Cormax said: "Expanding Cormax's existing security business through the acquisition of IDENTEX is an outstanding opportunity. IDENTEX clients have recognized its products as an effective tool that not only deters and prevents theft and counterfeiting, but also generates a return on investment within months and in some cases weeks of implementation."
Cormax Business Solutions, Inc.
CONTACT: IDENTEX Identification Technologies Inc. Bob Jennens, 250/717-0471 bj@identex.net www.identex.net or Ingenuity Marketing (2000) Peter Leeuwreke, 403/818-6147 Pleeuwreke@shaw.ca
.
CMXS 0.021 +0.009 (+75.00%) B=0.015 A=0.021 V=565,100
John
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
CMXS Repurchased 100 M Shares
TUESDAY , SEPTEMBER 03, 2002 12:29 PM
Cormax Business Solutions Inc (OTCBB: CMXS) released an 8-K today.
August 13, 2002 The Board of Directors has elected to repurchase Todd Violette's Class A Preferred and all common stock related to the Convertible Preferred. Mr. Violette has returned 100,000,000 shares of common stock back to the treasury and holds only the 1,000,000 shares of Convertible Preferred. The Board expects to complete the repurchase October 31, 2002. Total outstanding in common stock will be 87,341,296 and 1,000,000 Preferred shares after the repurchase.
August 22, 2002 the Company entered into a Share Purchase Agreement with Ingenuity Marketing (2000) whereas Ingenuity Marketing (2000) has agreed to purchase 1,000,000 share of Class A Convertible Preferred from the Company in return for:
- Obtaining a three million dollar underwriting commitment
- Completing the acquisition of Identification Technologies Inc., and Alberta Company known as Identex www.identex.net
- Pledge to obtain $8,000,000 dollars in revenue within twenty-four months of this agreement.
Closing is scheduled for October 31, 2002. Upon Closing Ingenuity Marketing will become the Majority shareholder of the Company. The Majority shareholder of Ingenuity Marketing (2000) is Peter Leeuwerke.
<Knobias News Page_files/1x1_space.gif>
With trading you must conquer your emotions and be very disciplined about your goals.
Imitation is the sincerest form of flattery, but plagiarism is a sin.............
Ha ha ha ha ha........
John
OBTW: Did you see the news on those editted (no smut or gore) movies in Utah..?? "...HOOOO-rah...."!! And, you should hear those "..Hollyweird Smut Purveyors.." whine...!!! You'd think somebody cut off their access to their favorite post-sex orgy BABY-KILLING clinic.
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
You did but so important warranted to be said twice lol
With trading you must conquer your emotions and be very disciplined about your goals.
Gee, I thought I said that...........
Ha ha.
Park your Sub at the iHub - Bub; .....the experience might just "...float your boat..." !!!
8k Filed today, this paves the way for a PR I bet:
CMXS -- Cormax Business Solutions, Inc.
Com ($0.0001)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) August 26,2002
CORMAX BUSINESS SOLUTIONS INC.
(Exact name of registrant as specified in its chapter)
UTAH 000-11424 84-0959153
----------------------------- ----------- -------------------
(State or other jurisdiction (Commission (IRS Employer of incorporation)
incorporation File Number) Identification No.)
Suite 250, 708 11th Avenue SW, Calgary, Alberta T2R 0E4
---------------------------------------------- -----------
(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code (403) 241-6391
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
August 13, 2002 The Board of Directors has elected to repurchase Todd Violette's Class A
Preferred and
all common stock related to the Convertible Preferred under the terms outlined in the December 26,
2001
8-K. Mr. Violette has returned 100,000,000 million shares of common stock back to the treasury of
Cormax and holds only the 1,000,000 shares of Convertible Preferred. The Board expects to
complete the
repurchase October 31, 2002. Total outstanding in common stock will be 87,341,296 and 1,000,000
Preferred shares after the repurchase.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
August 22, 2002 Cormax entered into a Share Purchase Agreement with Ingenuity Marketing (2000)
whereas Ingenuity Marketing (2000) has agreed to purchase 1,000,000 share of Class A Convertible
Preferred from Cormax in return for a.) Obtaining a three million dollar underwriting commitment b.)
Completing the acquisition of Identification Technologies Inc., and Alberta Company known as
Identex
www.identex.net c.) Pledge to obtain $8,000,000 dollars in revenue within twenty-four months of this
agreement. Closing is scheduled for October 31, 2002. Upon Closing Ingenuity Marketing will
become the
Majority shareholder of the company. The Majority shareholder of Ingenuity Marketing (2000) is Peter
Leeuwerke.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
ITEM 6. RESIGNATION OF REGISTRAR'S DIRECTORS
None
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable
It is impractical to provide the required audited financial statements and pro forma financial
information at the
time of the filing of this report. The required financial information will be filed within the time
prescribed by
Rule S-X.
(b) Not Applicable
(c) EXHIBITS
10.1 Share Purchase Agreement between Cormax Business Solutions, Inc. and Ingenuity Marketing
ITEM 8. CHANGE IN FISCAL YEAR
None
ITEM 9. REGULATION FD DISCLOSURE
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused
this
report to be signed on its behalf by the undersigned hereunto duly authorized.
CORMAX BUSINESS SOLUTIONS INC.
(Registrant)
/s/ Todd Violette
Date 8/27/02 ------------------------------------
Todd Violette, President/CEO
With trading you must conquer your emotions and be very disciplined about your goals.
CMXS -- Cormax Business Solutions, Inc.
Com ($0.0001)
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest reported) August 26,2002
CORMAX BUSINESS SOLUTIONS INC.
(Exact name of registrant as specified in its chapter)
UTAH 000-11424 84-0959153
----------------------------- ----------- -------------------
(State or other jurisdiction (Commission (IRS Employer of incorporation)
incorporation File Number) Identification No.)
Suite 250, 708 11th Avenue SW, Calgary, Alberta T2R 0E4
---------------------------------------------- -----------
(Address of principal executive offices) (Postal Code)
Registrant's telephone number, including area code (403) 241-6391
ITEM 1. CHANGES IN CONTROL OF REGISTRANT
August 13, 2002 The Board of Directors has elected to repurchase Todd Violette's Class A Preferred and
all common stock related to the Convertible Preferred under the terms outlined in the December 26, 2001
8-K. Mr. Violette has returned 100,000,000 million shares of common stock back to the treasury of
Cormax and holds only the 1,000,000 shares of Convertible Preferred. The Board expects to complete the
repurchase October 31, 2002. Total outstanding in common stock will be 87,341,296 and 1,000,000
Preferred shares after the repurchase.
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
August 22, 2002 Cormax entered into a Share Purchase Agreement with Ingenuity Marketing (2000)
whereas Ingenuity Marketing (2000) has agreed to purchase 1,000,000 share of Class A Convertible
Preferred from Cormax in return for a.) Obtaining a three million dollar underwriting commitment b.)
Completing the acquisition of Identification Technologies Inc., and Alberta Company known as Identex
www.identex.net c.) Pledge to obtain $8,000,000 dollars in revenue within twenty-four months of this
agreement. Closing is scheduled for October 31, 2002. Upon Closing Ingenuity Marketing will become the
Majority shareholder of the company. The Majority shareholder of Ingenuity Marketing (2000) is Peter
Leeuwerke.
ITEM 3. BANKRUPTCY OR RECEIVERSHIP
None
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
None
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
ITEM 6. RESIGNATION OF REGISTRAR'S DIRECTORS
None
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not Applicable
It is impractical to provide the required audited financial statements and pro forma financial information at the
time of the filing of this report. The required financial information will be filed within the time prescribed by
Rule S-X.
(b) Not Applicable
(c) EXHIBITS
10.1 Share Purchase Agreement between Cormax Business Solutions, Inc. and Ingenuity Marketing
ITEM 8. CHANGE IN FISCAL YEAR
None
ITEM 9. REGULATION FD DISCLOSURE
None
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto duly authorized.
CORMAX BUSINESS SOLUTIONS INC.
(Registrant)
/s/ Todd Violette
Date 8/27/02 ------------------------------------
Todd Violette, President/CEO
Cormax Business Solutions to Re-Schedule Conference Call
CALGARY, Alberta, Aug 22, 2002 (BUSINESS WIRE) -- Cormax Business Solutions Inc. (CMXS) announced today that it has re-scheduled its conference call for its shareholders.
Details for the future conference call will be provided at a later date.
Cormax's number phone number will be 403/241-6391.
Cormax Business Solutions is in the business of providing technology services and IT solutions that help companies become more effective by taking full advantage of their networks and the Internet through: security systems, inter-office connections, network performance enhancers and specialized network-telephone and network-video solutions.
CONTACT: Cormax Business Solutions Todd Violette, 403/241-6391 Todd@cormax.com
.
Recent PRs: http://www.pcquote.com/stocks/news/GetNews.php?ticker=cmxs
John
Park your Sub at the iHub - Bub; ....the experience might just "...float your boat..." !!
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