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Finally! Nailed!
Hope he is put away for a longtime.
Only Steven Stuart was indicted for cmcj (so far) we all know ianace, leighton and crew deserve the light and pain of justice.
We all know of all the misdeeds never caught. Fake purchase orders, multiple fake nominee corps, fake consultancy arrangements, all your typical penny stock fraud games...
Good job "lost." Thanks for the updates.
INDICTED
Robert Holloway
http://www.justice.gov/criminal/vns/caseup/hollowayr.html
Robert J Andres
http://www.justice.gov/criminal/vns/caseup/andresr.html
Robert Holloway partner of Pete Ianace and owner Espre colution, US Ventures along with his other partner Robert J Andres Winsome Investment trust.
Robert Lee Holloway partner of Peter Ianace, Forres Mcgraw, Robert Logan
CHECK THIS OUT
http://www.justice.gov/criminal/vns/caseup/hollowayr.html
Great Holiday Season 4 Old EPRT Management
Ianace and Stuart caught red handed in FBI operation on stock fraud CMCJ suspended. Stuart looking at wire and mail fraud. Caught before the pump and dump...
Robert Holloway - wow this guy nailed to wall looking at forever in jail for ponzi scam.
A Great holiday it is and a great job by government to get these guys before they could hurt more people.
Did they finally get Ianace?
((( Ianace is now the president of comcam, LaJolla capital, Espre's lender recently appeared on the scene too ))
Federal authorities file charges against thirteen individuals for penny stock fraud
BBR Staff Writer Published 02 December 2011
The Securities and Exchange Commission (SEC), US Attorney for the District of Massachusetts, and FBI have brought charges against 13 individuals for using kickbacks in the loosely regulated world of microcap stocks.
The SEC suspended trading in seven companies that allegedly participated in the kickback-for-investment scheme.
The SEC also filed a civil case against four people, alleging they used kickbacks to manipulate trading in microcap or penny stocks.
The seven firms suspended were Las Vegas-based 1st Global Financial, Houston-based Augrid Global Holdings, Pennsylvania-based ComCam International, Washington-based MicroHoldings US, Florida-based Outfront Companies, Massachusetts-based Symbollon Corp./Symbollon Pharmaceuticals and Massachusetts-based ZipGlobal Holdings.
SEC said if convicted, the defendants charged with mail fraud and wire fraud each face up to 20 years in prison and a $250,000 fine on each count and if convicted on the conspiracy to commit securities fraud charges, the defendants each face up to five years in prison and a $250,000 fine on each count.
shutting down Ianace a little quicker this time
SECURITIES EXCHANGE ACT OF 1934 Release No. 65857 / December 1, 2011
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of the following issuers, commencing at 12 noon EST on December 1, 2011 and terminating at 11:59 p.m. on December 14, 2011:
? ZipGlobal Holdings, Inc.
? Symbollon Pharmaceuticals, Inc.
? Microholdings US, Inc.
? ComCam International, Inc.
? Outfront Companies
? Augrid Global Holdings Corp.
? 1st Global Financial, Corp.
The Commission temporarily suspended trading in the securities of each of the issuers because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning them.
It seems like
comcam petered out when everyone figured out is was EPRT part 2
Pete Ianace has another company check this link out
http://messages.finance.yahoo.com/Business_&_Finance/Investments/Stocks_(A_to_Z)/Stocks_C/threadview?bn=41453&tid=79&mid=90&m=me&o=lp&rt=1
Robert Lee Holloway, Robert J Andres, Peter Ianace WIN.
Investors LOOSE.
They spend investors money everyday, investors go bankrupt.
Where is The Justice System.
Make sure everyone does Due diligence and beyond.
These guys leave a trail of carnage in their wake
and walk away claiming to be penniless victims. That's sad. And I've seen that happen many times. They steal millions from people and then walk away because they were successful in hiding their money and supposedly are indigent.
thanks
Find out what Peter (Pete) Ianace and Robert (Bob) (Bobby) Holloway are all about
http://www.scam.com/showthread.php?t=119085&page=4
Pete Ianace and Robert Holloway and the list goes on
Vianet Technologies Inc.
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=2072793-117637-119460&SessionID=0gHoHv7tKXdQl77
Here is another company which Robert Holloway tried to scam a ton of people in San Diego California, Peter Ianace is a partner as well, check Forres Mcgraw as well, they all are partners and crooks.
http://www.corporationwiki.com/Texas/Plano/visual-reach-industries-inc/38485765.aspx
Robert Holloway first case with the Securities Exchange Comission
http://www.sec.gov/litigation/litreleases/2007/lr20075.htm
They are partners, and crooks
They appear to be partners
in a Plano, TX corp Visual Reach
http://www.corporationwiki.com/Texas/Plano/peter-ianace-P3567770.aspx
Here is Pete Ianace espre solutions partner Robert Lee Holloway, watch out investors, there is more to this company then you think.
http://www.sltrib.com/sltrib/money/52108203-79/million-money-winsome-andres.html.csp?page=1
still no traction
the ianace magic has left the building
Uh Oh...a SECURED promissary note signed by Ianace
LOL, just a year ago one of those took out here at EPRT
ITEM 1.01 ENTRY INTO A MATERIAL AGREEMENT
On February 25, 2011 ComCam International, Inc. (the “Company”) executed a secured promissory note (the “Note”) in favor of Bartek Investments -1, Ltd. in exchange for four hundred thousand dollars ($400,000) pursuant to the exemptions from registration provided by Section 4(2) of the Securities Act of 1933, as amended.
The Note is to be repaid with quarterly principal payments of $100,000 due on May 25, 2011, August 25, 2011, and November 25, 2011 with a final payment of $172,000 on February 25, 2012 consisting of principal and accrued interest of eighteen percent (18%). The obligation is secured by the stock of the Company’s wholly owned subsidiary Pinnacle Integrated Systems, Inc. and includes a share purchase warrant for the holder of the Note to purchase up to one hundred thousand (100,000) shares of the Company’s common stock at a price of $0.50 a share for a term of five years.
The transaction was approved by the Company’s board of directors.
SECURED PROMISSORY NOTE
$400,000.00
Frisco, Texas February 25, 2011
FOR VALUE RECEIVED, the undersigned, ComCam International Inc. (the "Maker" or the “Company), hereby promises to pay, in lawful money of the United States of America, to the order of Bartek Investments -1, Ltd. (the "Payee"), in four quarterly payments with the final payment on February 25, 2012, at the address of the Payee at 5211 Spanish Oaks Dr., Frisco, TX 75034 (or at such other address as the holder of this Note may specify from time to time by written notice given to the Maker at the Maker’s office at 1140 McDermott Drive, Suite 200, West Chester, Pennsylvania 19380, Attention: Chief Executive Officer (or at such other address as the Maker may specify from time to time by written notice given to the Payee)), the principal sum of $400,000.00, together with interest on the outstanding principal amount of this Note, at a rate of 18% per annum until the principal shall have become due and payable, and thereafter to pay interest (so computed) at a rate per annum equal to 135% of the rate per annum set forth above on any overdue principal and, to the extent permitted by applicable law, on any overdue interest, until the same shall be paid. The four quarterly payments are due and payable on: i) May 20, 2011, in the amount of $100,000; ii) August 20, 2011, in the amount of $100,000; iii) November 20, 2011, in the amount of $100,000; and, iv) February 20, 2012 in the amount of $172,000.
Principal, or any portion thereof, may be prepaid at any time without penalty but with, unpaid interest to the date of prepayment. All payments shall be applied first to accrued and unpaid interest and thereafter to principal.
The Maker hereby grants the Payee a security interest in all of the stock of Pinnacle Integrated Systems, Inc., the Maker’s wholly owned subsidiary, to secure the payment and performance of all the Maker’s liabilities and obligations under this Note. The Maker shall have all the rights of a secured party under the Texas Uniform Commercial Code. The Maker shall take such action and execute and deliver such documents and instruments as the Payee may request from time to time in order to perfect the security interest granted under this paragraph.
The Maker hereby further grants the Payee a five year warrant at a strike price of $0.50 per share for the purchase of 100,000 shares of the Company’ common stock on execution of this note.
The Maker hereby appoints the Payee its attorney-in-fact, in the Maker’s name, place, and stead, to execute and deliver all agreements, documents, and instruments the Payee determines from time to time in good faith are required to carry out the provisions of the immediately preceding paragraph. This power of attorney is irrevocable, and is coupled with an interest.
Failure or delay of the Payee to assert any right or remedy herein shall not be deemed a waiver of such right or remedy or of any other right hereunder. A waiver on one occasion shall not operate as a bar to or waiver of any such right or remedy on any future occasion. No single, partial, or other exercise of any right or remedy by the Payee shall preclude any other or future exercise thereof. No waiver by the Payee will be effective, unless it is in writing and signed by the Payee.
This Note may not be changed or terminated orally, nor may any of its provisions be waived, except by an agreement in writing signed by the party against whom enforcement of such change or termination is sought.
This Note and the legality, validity, and performance of the terms hereof shall be governed by and enforced, determined, and construed in accordance with the internal laws of the State of Texas applicable to commercial contracts, transactions, and obligations entered into, and to be performed in, Texas, without giving effect to its conflict of laws principles thereof.
The Maker hereby irrevocably submits to the jurisdiction of the State of Texas in connection with any claim or controversy under this Note or the related warrant and security agreements referred to herein, and further agrees that venue for any actions arising hereunder shall be had only in Collin County, Texas.
The Maker hereby agrees to be bound by any expedited process or procedure in effect from time to time under Texas law for the enforcement by the Payee of its rights under this Note.
The Maker shall pay all costs of collection (including reasonable counsel fees and disbursements), if default is made in payment of this Note, and, in addition, shall reimburse the
Payee for all costs and expenses in connection with the preparation and negotiation of this Note.
Any notice under this Note shall be in writing and shall be considered given when mailed by registered mail, return receipt requested, as follows: if to the Maker, to it at the Maker’s address; and, if to the Payee, to it at the Payee’s address, each as specified above.
COMCAM INTERNATIONAL, INC
By: /s/ Don Gilbreath
Don Gilbreath, Chief Executive Officer Date February 25, 2011
By: /s/ Pete Ianace
Pete Ianace, President Date February 25, 2011
The world seems to be passing by Espre
yet ianace and leighton landed on their feet yet again.
I noticed that
EPRT's "competitor" ON2 is also dormant. Or am I mistaken?
So 4G is now being rolled out
Who's Codec is being used at Sprint? Is Pete getting a cut?
The magic isn't working
Since Pete left Espre, Comcam isn't getting any traction.
still waiting for Pete
to attempt to work his magic at ComCam
Pete getting no traction with EPRT part 2
CMCJ
dead in the water
Pete's new "venture"
Ianace is going to the well again with ComCam. Wonder how many will fall for the Ianace story a 3rd time?
no mention of Espre here
and after all Espre shareholders did for him too!
Pete Ianace, President
Pete Ianace, a recognized video technology innovator and seasoned corporate executive, brings more than 35 years of experience building successful technology business units, sales channels and companies. His experience spans companies in aerospace, defense contracting, telecommunications, and Web 2.0, both private and public, for whom he has negotiated large contracts with US, European and Asian clients.. In the last 15 years, Mr. Ianace has successfully built several VOIP and IP video technology companies including the fiber-optic networking division of Intelect Communications (Nasdaq: ICOM). Earlier in his career, he served in a variety of senior management positions at IBM, AT&T, and Northern Telecom, including President of PacTel Meridian Systems, a joint venture between Nortel and Pactel. Mr. Ianace is the author of several articles in trade publications on internet telephony and the role of video in emergency response.
http://www.comcam.net/corporate/management.html
The visionary
getting ready to harvest a whole new crop of victims
http://www.videoesperti.com/
3rd time's a charm???? ROTFL
Still quiet at Vuelive
Didn't have time to hype a Google rumor I presume.
Final Decree
It's COMPLETELY over now
Final Decree Page Solo
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
In re:
ESPRE SOLUTIONS, INC.,
Debtor.
§§§§§
CASE NO. 09-30572-HDH-11
FINAL DECREE
On this date came on to be considered the Post-Confirmation Report and Application for
Final Decree filed by Espre Solutions, Inc. on October 23, 2009. The Court having considered the
Application, and there being no responses or objections to same, finds that the estate of the abovenamed
Debtor has been fully administered and cause exists to close this case. It is therefore
ORDERED that the Chapter 11 case of the above-named Debtor is hereby CLOSED.
# # # End of Order # # #
NORTHERN DISTRICT OF TEXAS
ENTERED
TAWANA C. MARSHALL, CLERK
THE DATE OF ENTRY IS
ON THE COURT'S DOCKET
The following constitutes the ruling of the court and has the force and effect therein described.
Signed December 9, 2009 United States Bankruptcy Judge
It was unfortunate
That several of the shareholders got caught up in Bullrun's crusade over on RB.
The writing was on the wall 2 years ago.
Pinksheets and OTCBB are a license to steal. As long as you don't steal too much too fast, the SEC won't bother penny stock CEO's and promoters.
Story always ends the same way sooner or later. I've followed about 10 pinks/otc's over the years. Never saw a single one actually succeed. half Bk'd or RS. a few are barely surviving but at HUGE losses to shareholders.
Buying a penny stock doesn't get you into the ground floor of anything. In reality, buying a penny stock is the process of cashing out for those ALREADY in on the ground floor.
This is what EPRT shareholders provided for Pete, Pete, and Hunter
VUELIVE (formally ESPRE Solutions), is a Dallas-based, video technology company. Our patented technology (called Lightning Strike) is a video CODEC that is considered one of the best in the world for delivering high quality video at very low bandwidths. Since our inception, we have developed API’s and SDK’s, which enable customers to easily integrate video solutions into their existing web based products or services. Our primary delivered SDK is a media engine for web-based, LIVE video broadcasts, conferencing, chats and webinars.
We have also built our own applications and programs, focused on web-based team collaboration, video conferencing, webinars and broadcasting. Our flagship application is OpenACircle, a team collaboration and work-space tool, targeted at small-to-medium size businesses. The application is a web 2.0, software-as-a-service that provides FREE online meetings and a virtual workspace that is fully equipped with everything a team needs to work better together. With OpenACircle, users can invite all their contacts into private collaborative “circles” to share files, documents and pictures; even present their desktops and hold video conferences for up to 50 attendees.
learn more about us at: www.vuelivenow.com
and it will continue
right up till the time they announce the "restructuring". Ommitting the fact that the restructuring is for the benefit of the new shareholders.
yes
It happens with many bankruptcy stocks. Some people have no clue.
Why is it going up? People don't understand what cancelled means?
EPRT shares officially cancelled as worthelss today
15-12G 1 form15.htm ESPREE SOLUTIONS 15-12G 5-15-2009
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 15
CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
Commission File Number 000-51577
ESPRE SOLUTIONS, INC.,
12712 Park Central Dr, Suite 100, Dallas, Texas 75251, 214-580-5835
COMMON
(Titles of all other classes of securities for which a duty to file reports under section 13(a) or 15(d) remains)
Please place an X in the box(es) to designate the appropriate rule provision(s) relied upon to terminate or suspend the duty to file reports:
Rule 12g-4(a)(1)
n
All Prior Common Stock issued by Espre Solutions, Inc. has been cancelled on
Rule 12g-4(a)(2)
n
May 12, 2009 per the Debtor’s Second Amended Plan of Reorganization, as
Rule 12h-3(b)(1)(i)
as Modified (Docket #121) pursuant to Order Confirming Plan of Reorganization
Rule 12h-3(b)(1)(ii)
as Modified (Docket #123) Case No. 09-30572-HDH-11 (Bankr. N.D. Tex 2009)
Rule 15d-6
Approximate number of holders of record as of the certification or notice date:
1
Pursuant to the requirements of the Securities Exchange Act of 1934 Espre Solutions, Inc. has caused this certification/notice to be signed on its behalf by the undersigned duly authorized person.
Date: May 14, 2009
By:
/s/ William Hopke, President
Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the General Rules and Regulations under the Securities Exchange Act of 1934. The registrant shall file with the Commission three copies of Form 15, one of which shall be manually signed. It may be signed by an officer of the registrant, by counsel or by any other duly authorized person. The name and title of the person signing the form shall be typed or printed under the signature. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
http://www.sec.gov/Archives/edgar/data/1304588/000114036109012299/form15.htm
Item 1.03 Bankruptcy or Receivership.
As previously disclosed, on Form 8-K filed on January 30, 2009 by Espre Solutions, Inc. (the “Debtor”) filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division (the “Court”), in the proceeding titled In re: Espre Solutions, Inc., Case # 09-30572-HDH-11.
On April 30, 2009, the Court at the Debtor’s Confirmation Hearing approved the Second Amended Plan of Reorganization (“Plan”). This Plan becomes final on May 12, 2009 and sets forth the way the Debtor’s bankruptcy estate will be resolved.
The Debtor will file Form 15 on Plan Closing Date, projected to be May 13, 2009, to terminate registration with the Securities and Exchange Commission.
On the Plan Closing Date, all existing shares of Common Stock will be canceled and new shares will be issued to the winning bidder.
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On May 12, 2009, the board of directors of Espre Solutions, Inc. (the “Company”) accepted the resignation of BG Moore as Chief Financial Officer and Treasurer.
http://www.sec.gov/Archives/edgar/data/1304588/000114036109012042/form8k.htm
IN THE UNITED STATES BANKRUPTCY COURT
FOR THE NORTHERN DISTRICT OF TEXAS
DALLAS DIVISION
In re:
ESPRE SOLUTIONS, INC.,
Debtor.
§§§§§
Case No. 09-30572-HDH-11
ORDER CONFIRMING DEBTOR’S SECOND AMENDED
PLAN OF REORGANIZATION, AS MODIFIED
Came on to be considered this 29th day of April, 2009, the Confirmation Hearing of with
regard to the Second Amended Plan of Reorganization [Docket No. 75], filed by Espre Solutions,
Inc. (“Debtor”) on March 26, 2009, as modified by the Modifications to Debtor’s Second Amended
Plan of Reorganization [Docket No. 91] filed on April 16, 2009, the Second Modification to Debtor’s
Second Amended Plan of Reorganization [Docket No. 101] filed on April 22, 2009, and the Third
Modification to Debtor’s Second Amended Plan of Reorganization [Docket No. 112] filed on April
24, 2009 (collectively the “Plan Modifications”) and approved by this Court such that the Second
NORTHERN DISTRICT OF TEXAS
ENTERED
TAWANA C. MARSHALL, CLERK
THE DATE OF ENTRY IS
ON THE COURT'S DOCKET
The following constitutes the ruling of the court and has the force and effect therein described.
Signed May 1, 2009 United States Bankruptcy Judge
Confirmation Order Page 2 of 4
Amended Plan of Reorganization includes and incorporates the Plan Modifications (collectively the
“Final Plan”). The Court, after noting that the Second Amended Plan of Reorganization and the
Second Amended Disclosure Statement and the Plan Modifications above noted have been
transmitted to creditors and parties-in-interest and notice having been given to same in accordance
with applicable rules, as noted in this Court’s entry of its findings of fact and conclusions of law in
support of this Order, holds that the requirements for confirmation set forth in 11 U.S.C. § 1129 have
been satisfied.
IT IS THEREFORE:
ORDERED that the Final Plan is confirmed and that the discharge detailed in Section 10.01
of the Final Plan and the permanent injunction detailed in section 10.02 of the Final Plan are
approved. It is further
ORDERED that all subsequent filing deadlines contained therein are approved. It is further
ORDERED that the objections to confirmation of the Final Plan, if not withdrawn or settled
before the entry of this Order, are hereby overruled and denied. It is further
ORDERED that any applicable governmental unit, be it federal, state, local or foreign is
hereby directed to accept any and all documents and instruments necessary or appropriate to
effectuate, implement or consummate the transactions contemplated by the Final Plan and this
Order. It is further
ORDEREDthat all approvals and consents of the Debtor under applicable State law, as may
be necessary to implement and carry out the Final Plan, the transactions contemplated thereby and
Confirmation Order Page 3 of 4
the actions authorized by this Order be, and they hereby are, deemed to be, made or done. It is
further
ORDERED that all such actions required to be taken pursuant to the Final Plan shall be
deemed to be authorized and approved by this Court including but not limited to: (a) “de-listing” the
Debtor as a publicly traded entity; (b) cancellation of all pre-petition equity securities; and (c)
issuance of New Espre Common Stock, shall be deemed effective pursuant to applicable law and
shall not require any further action by the Debtor, other than as required by the Final Plan. It is
further
ORDERED that all Persons who have claims against the Debtor which arose prior to the
Confirmation Date are prohibited from asserting such claims against that Debtor except as provided
by the Final Plan or this Order. It is further
ORDERED that all executory contracts or leases which are addressed in the Final Plan are
rejected or assumed as set forth in the Final Plan on the Effective Date as that term is defined in the
Plan. It is further
ORDERED that, based upon the record before the Court, the Debtor and its counsel have
acted, and are hereby deemed to have acted, in “good faith” within the meaning of Section 1125(e)
of the Bankruptcy Code with respect to all of their activities relating to the solicitation of acceptances
for the Plan. It is further
ORDERED that the Final Plan, which contains minor modifications read into the record at
the confirmation hearing, is filed at Docket No. 121 and is incorporated herein by reference as if fully
set forth at length. It is further
Confirmation Order Page 4 of 4
ORDERED, that theCourt willconduct a post-confirmation status conferenceon November
23, 2009, at 9:30 o’clock a.m., at the United States Bankruptcy Court, Earle Cabell Federal Building
- U.S. Courthouse, 1100 Commerce Street, 14th Floor, Dallas, Texas 75242, to determine whether
the Debtor has complied with the provisions of this Order.
# # # End of Order # # #
SUBMITTED BY:
E. P. Keiffer (SBN 11181700)
WRIGHT GINSBERG BRUSILOW P.C.
1401 Elm Street, Suite 4750
Dallas, TX 75202
(214) 651-6500
(214) 744-2615 fax
pkeiffer@wgblawfirm.com
ATTORNEYS FOR THE DEBTOR
Exhibit filed at
Docket No. 121
Espre Bankruptcy is nearly all done
Yesterday's approval of the disclosure statement shows all creditors are in agreement. That will necessitate the cancellation of all common shareholder's interests.
CONVERTIBLE SECURED PROMISSORY NOTE AND LOAN AGREEMENT
Company: Espre Solutions, Inc.
Company Address: 5700 W. Plano Parkway, Suite 2600, Plano, Texas 75093
Closing Date: August 20, 2008
Maturity Date: August 20, 2013
Principal Amount: $5,000,000
For value received, Espre Solutions, Inc., a Nevada corporation, and any successo >>>>> snip <<<<<<
ARTICLE 6
EVENTS OF DEFAULT; REMEDIES
SECTION 6.1 Events of Default. “Event of Default” wherever used herein means any one of the following events:
(i) the Company shall (x) fail to pay any principal of or interest on this Note as and when the >>>>>> snip <<<<<<
Hey look who signed the note????? Not Hunter. Not Hopke. It's your HERO!!!!
IN WITNESS WHEREOF, the Company has caused this Note to be signed by its duly authorized officer on the date of this Note.
Espre Solutions, Inc.
By:
/s/ Peter Ianace
Name: Peter Ianace
Title: Chief Executive Officer
Dalcor, Inc.
By:
/s/ Oliver Chappaz
Name: Oliver Chappaz
Title: Authorized Signatory and Attorney-in-fact
Pink sheets: Effective today
Security Deletions
13:30 EPRTE Espre Solutions, Inc. New Common Stock 2/18/2009 100 Failure To Comply With NASD 6530; Added to NBB (EPRT)**
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/17/2009&mkt_ctg=ALL
From today's 8k
Item 1.03
Bankruptcy or Receivership
On January 30, 2009, Espre Solutions, Inc., a Nevada corporation (the “Company”), filed a voluntary petition for relief under Chapter 11 (“Chapter 11”) of Title 11 of the United States Code (the “Bankruptcy Code”) with the United States Bankruptcy Court for the Eastern District of Texas, Sherman Division (the “Bankruptcy Court”), Case # 09-30572-HDH-11. The Company is in the process of preparing a proposed plan of liquidation/reorganization (the “Plan”) to be filed with the Bankruptcy Court. Any such Plan will call for the sale or other disposition of the Company’s assets or a sale of newly issued stock and the distribution of all the net proceeds from such disposition to the Company’s creditors according to the priorities set forth in the Plan and as may be required by the Bankruptcy Code. The existing officers and directors of the Company will continue to oversee operation of the Company’s business as a debtor in possession, pursuant to sections 1107 and 1108 of the Bankruptcy Code, and subject to the requirements of the Bankruptcy Code, which include court approval of matters outside the ordinary course of business.
The Company believes that the equity of the Company has, and will continue to have, no value because of a default called by the Company’s principal secured lender, Dalcor, Inc. and that any Chapter 11 plan confirmed by the Bankruptcy Court will result in the elimination of the equity interests of all of the Company’s stockholders (though their rights to distribution of any funds which may remain will not be affected). The Company anticipates that it will take approximately three to four months to complete its liquidation process; however, any and all Chapter 11 plans that may be proposed will be subject to obtaining all necessary approvals, including but not limited to creditor votes and judicial determinations of confirmability. There can be no assurance, therefore, as to how long it may take to complete the Company’s liquidation/re-organization process and whether there will be any distributions available to shareholders of the Debtor.
http://www.sec.gov/Archives/edgar/data/1304588/000114036109002424/form8k.htm
ESPRE Seeks to Re-Organize Under Chapter 11
2:40 p.m. 02/02/2009 Provided By Market Wire
PLANO, TX -- (MARKET WIRE) -- 02/02/09 -- Texas CFM Capital filed a lawsuit against ESPRE Solutions (EPRTE) on January 27, 2009 alleging breach of a contract with CFM Capital Limited for unpaid compensation in the amount of $225,000 plus other expenses. According to the records of ESPRE, CFM Capital Limited is beneficially owned by Peter Leighton, former president of ESPRE Solutions (EPRTE). CFM Capital Limited assigned its rights under the contract to Texas CFM Capital. In addition, Media Distribution Solutions, LLC (MDS) filed suit against ESPRE on January 30, 2009 alleging breach of contract seeking payment amounts in excess of $2 million. ESPRE had previously been in negotiations with MDS to terminate the contract, but discussions ended when ESPRE refused assignment of sub-licensing contracts MDS had sold to Vizeo Solutions, a company owned by Peter Leighton, and, All Link Live, Inc., a company planning services in the live video adult entertainment industry. ESPRE does not believe a breach has occurred in either contract and will dispute the claims.
As a result of these lawsuits, and probable liabilities previously disclosed by ESPRE pertaining to rescission rights of investors based on improper filings and commission payments to unregistered broker dealers, on January 30, 2009 ESPRE Solutions (EPRTE) filed for protection under the Chapter 11 bankruptcy laws. The company seeks to re-organize and believes it has enough cash on hand to continue operations until such time a plan can be approved.
ESPRE previously announced on January 14, 2009, based on the opinion of legal counsel, the company should notify its senior lender, Dalcor Inc., of a likely default under the terms of their $5 million senior secured note. Subsequently, ESPRE received a notice of default from Dalcor with a demand to accelerate re-payment. The company has stated it is not able to re-pay the note at this time. Additional defaults now exist under the terms of the note, including the lawsuits from CFM and MDS.
Bill Hopke, ESPRE's President and CEO, stated, "We've been weighing various options and due to recent events and previously disclosed issues, made the decision to file under Chapter 11 giving us the ability to continue operating and developing our world class video software solutions. It's a very difficult time for any company to raise additional investment capital and recent disclosures recommended by our legal counsel increased our risk profile even more."
About ESPRE Solutions, Inc. (EPRTE)
Dallas, Texas-based ESPRE Solutions (EPRTE) is a public company that is reinventing how enterprises work and exchange information and ideas by providing a truly viable solution for live, high-quality multimedia video collaboration. ESPRE harnesses the power of collaboration to extract the benefits of visually connecting global work groups and individuals to create, share and deliver live video content over the Internet. At the core of ESPRE, is the revolutionary video encoding and decoding (codec) services provided by the patented wavelet based Lightning Strike LSVX™ Codec. ESPRE's business strategy focuses on building strong partnerships by investing in companies that define the leading edge of video collaboration. To learn more about ESPRE or to experience the company's pioneering video compression technology, visit www.espresolutions.com. For more information on ESPRE Solutions (EPRTE), contact BG Moore at bmoore@espresolutions.com, 214-774-4206.
Contact:
BG Moore
Email Contact
214-774-4206
Feb 13
http://www.otcbb.com/DailyListContent/delistings/OTCBBDelOpenReport.pdf
Espre Solutions, Inc. Delinquent (09/30/2008 10K) 02/13/2009
Affected Issue(s): EPRTE
New lo today dn 60%
MK
ESPRE Solutions and Worldwide Media Corp. Sign Partnership Agreement for VUELive Services
Highlighted Links
ESPRE Solutions, Inc.
PLANO, TX--(Marketwire - July 29, 2008) - ESPRE Solutions, Inc. (OTCBB: EPRT), a video media services company and owner of VUELive, a web-based video distribution platform, announced today that it has signed a partnership agreement with Worldwide Media Corporation. The ESPRE/Worldwide Media Corp. agreement will allow ESPRE to take advantage of WMC's tremendous reputation in the sport of golf worldwide, including its distribution channels, which include the biggest and most recognized outlets in the world. It will also allow WMC to introduce VUELive services using ESPRE technology to a global audience, which will greatly enhance the quality of its programming and demonstrate the leading-edge quality of ESPRE's exclusive technology.
"We are excited with our partnership with ESPRE," said Tom Auclair, WMC's President, and CEO. "We were sold on the technology the instant we saw it for the first time, and from there, working with Pete Ianace and his team was an act of discovery and accomplishment. We're pleased to be with ESPRE as they introduce their revolutionary technology to the markets we serve, and we're excited about the future, about being able to offer ESPRE technology to a wide spectrum of clients of wide diversity and needs.
Mr. Auclair continues, "As innovators, we recognize the uniqueness of ESPRE technology, and we're committed to introducing it to as many companies as possible, and as soon as possible. ESPRE is ahead of the cutting edge and we're convinced that before very long, with ESPRE technology, the Internet will become the new, global source of high quality programming. Worldwide Media Corp. is thrilled to be a key part of that future."
Pete Ianace, CEO of ESPRE Solutions, states, "It is a pleasure to be working with someone with Tom Auclair's reputation and credibility in the world of professional golf. Tom has not missed a PGA Tour event in more than nine years. At each event, Tom conducts video interviews with all of the day's leaders. Each interview is exclusive, which makes it extra special for you, the viewer. Rather than watching a scrum interview as you would see on the nightly sporting news, the goal of ITR is to make you feel as if you are sitting down, shooting the breeze with the likes of Tiger Woods, Phil Mickelson, Vijay Singh, Ernie Els and all the players on the PGA Tour. Our joint goal is to leverage the best of our technology to bring Tom's exclusive content to a much broader global audience and offer live interviews and events in the near future. This partnership goes beyond just professional golf and will leverage Tom's standing with major sponsors and media companies as we together introduce new ways to bring interactive sports content to the web."
Highlights of this partnership agreement include the sharing of revenue generated from the delivery of not only golf, but other professional sports content. It also contains provisions that benefit both WMC and ESPRE should one of WMC's current distribution partners choose to use ESPRE technology for news coverage that goes beyond the sports world.
About ESPRE Solutions, Inc.:
Plano, Texas-based ESPRE Solutions is a public company (OTCBB: EPRT) that is reinventing how enterprises work and exchange information and ideas by providing a truly viable solution for live, high-quality multi-media video collaboration. ESPRE Solutions harnesses the power of collaboration with a suite of services, VUELive, a web-based video distribution platform, to extract the benefits of visually connecting global work groups and individuals to create, share, and deliver live video content over the Internet. ESPRE's services are powered by its revolutionary video encoding and decoding (codec) services provided by the patented wavelet based Lightning Strike LSVX™ Codec. ESPRE's business strategy focuses on building strong partnerships with companies that define the leading edge of video collaboration. To learn more about the VUELive suite of services and ESPRE Solutions visit www.espresolutions.com.
About Worldwide Media Corp.:
Worldwide Media Corp. (WMC) is a privately held Rhode Island company that has long been recognized as a leader and innovator in its coverage of golf on a worldwide basis. WMC has established many firsts in Internet coverage of golf and has, through its InsideTheRopes.com website, connected browsers from around the world to high quality one-on-one exclusive interviews with players on the biggest stage in the world of professional golf for more than a decade. WMC continues to find unique ways to bring an "inside" look at players to audiences around the world and intends to introduce new ways for fans to interact with players in the very near future. WMC is a highly respected company in newsgathering from golf tournaments and a leading distributor of golf content around the world. To view exclusive content produced by ITR www.insidetheropes.com.
Contact:
PRESS CONTACT:
ESPRE Solutions, Inc.
Pete Ianace
Email Contact
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers; Compensatory Arrangements of Certain Officers.
On July 1, 2008, the board of directors of Espre Solutions, Inc. (the “Company”) terminated Forres McGraw as Chief Financial Officer and Treasurer. The Company is in the process of evaluating candidates to fill this position.
I am glad to be out with a very small profit. Bullrun on RB makes more sense to me than anyoue else on the boards having taken a closer look at relevent history.
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