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BCDH .125 Signs LOI to Acquire Stake in $3.3 Billion Mobile Marketing Industry
Black Castle Developments Holdings, Inc. Signs Letter of Intent to Acquire Stake in $3.3 Billion Mobile Marketing Industry
Last update: 12/8/2011 8:30:00 AM
FRESNO, Calif., Dec. 8, 2011 /PRNewswire via COMTEX/ -- Black Castle Developments Holdings, Inc. (BCDH) ("BCDH"), a holding company targeting the acquisition of undervalued, niche companies, and owner of Black Castle Developments, which purchases non-performing notes and bank-owned, income-producing commercial real estate properties, announced today that it has entered into a letter of intent to acquire over 90% of bizM3 (), a pioneer in digital signage technology and multi-level mobile marketing solutions.
bizM3 is one of the first companies to deliver a multi-channel strategy that allows businesses to add a mobile call-to-action to all of its existing marketing channels, both digital and traditional. bizM3's highly differentiated proprietary technology is capable of sending SMS (text messages), MMS (images), IVR (voice), WAP (mobile websites) and digital signage (out-of-home/ in-premise advertisements). The company has demonstrated early success with clients such as the U.S. Postal Service, and its pipeline of customers keeps growing. Leveraging its FCC-compliant digital signage technology, bizM3 enables businesses to utilize their existing TV screens in their place of business, whether at a grocery store, restaurant, bar or hotel, to run revenue-generating advertisements. bizM3 is in the early stages of generating revenues from the sale of its digital signage and integrated mobile marketing solutions.
"bizM3 presented us with a very unique opportunity to not only diversify our current portfolio, but to capitalize on the explosive growth potential of the consumer mobile marketing industry," said Jeff Holroyd, CEO of BCDH. According to The International Telecommunication Union, in 2010, the number of mobile subscriptions reached 5.3 Billion worldwide. In the U.S., 302.9 million subscribers, or 96 percent of all Americans, are mobile users. According to Gartner Research, mobile ad revenue is expected to generate $3.3 billion in revenue in 2011, and then skyrocket to $20.6 billion in 2015, more than doubling from year-to-year. "We are truly excited to see where bizM3 is headed, and believe this acquisition will create an exciting new chapter for BCDH shareholders," added Holroyd.
Upon the close of the acquisition, expected by the end of 2011, bizM3 will operate as an owned subsidiary of BCDH. The all-stock transaction is expected to be non-dilutive to existing shareholders with a valuation and purchase price of $4,000,000.
About bizM3
bizM3 is a leading mobile marketing technology company that provides solutions and tools for businesses to enhance their advertising campaigns and deployment strategies. bizM3's digital signage technology is FCC-compliant and is being rolled out to existing television sets in high traffic restaurants, sports bars, hotels and other hospitality locations. bizM3's patented, back-end content management system allows multi-channel marketing campaigns to be planned and launched in minutes. Businesses can deliver timely alerts containing mobile coupons, special offers, rewards, text-2-win announcements or links to mobile websites to engage, entice and retain consumers. BizM3 gathers the market intelligence, consumer buying profiles and analytics needed to make each campaign successful and generate the highest ROI for its customers. For more information, visit bizm3.com.
About Black Castle Developments Holdings, Inc.
Black Castle Developments Holdings, Inc. ("BCDH") is a holding company focused on the merger and acquisition of undervalued, revenue-generating companies that operate in high-growth niche markets. BCDH plans to leverage its management resources and status as a public entity to assist acquired companies to achieve and/or grow their profitability. For more information, visit .
Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:Black Castle Developments Holdings, Inc.559-435-2300info@blackcastledevelopments.comd Us on Facebook.
SOURCE Black Castle Developments Holdings, Inc.
Copyright (C) 2011 PR Newswire. All rights reserved
ECIT LOI: Ecoland International Inc. Signs Letter of Intent to Acquire D&R Technology
http://www.otcmarkets.com/stock/ECIT/news
Atlas Capital Holdings, Inc. Enters LOI to Acquire Textraw
http://ih.advfn.com/p.php?pid=nmona&article=49000010
Thanks mac for the post.
WSGF - we're waiting for an update on the company issuing a letter of intent to purchase a Latin American technology company. the previous PR's state that they just finished a physical meet at the company's headquarters and planned on making a formal offer to acquire the company by the end of July. We have not heard anything else yet, and are speculating that the next PR will be announcing the LOI or possibly even the completion of the acquisition.
the PPS has dipped and seems to be holding major support at .005
24 million share float and many of those shares are locked up (allegedly) by members of iHub. i myself own quite a few shares and there are many others who claim to own more.
check the charts and you'll see that this thing trades very thin when the PR's come out. could be a great opportunity to make some real profit.
did i mention that the company they are planning to acquire has $20 million in annual revenue?
check out the ibox for more DD on WSGF
POTG .634 http://finance.yahoo.com/news/Portage-Resources-Inc-Through-prnews-1200834430.html?x=0&.v=1
Portage Resources Inc. Through Its Wholly Owned Subsidiary Portage Minerals S.A. Signs Letter of Intent to Acquire Three Adjacent Gold and Silver Mining Concessions in Huancavelica, Peru
Press Release Source: Portage Resources Inc. On Monday July 18, 2011, 4:30 pm
LIMA, Peru, July 18, 2011 /PRNewswire/ -- Portage Resources Inc. through its wholly owned subsidiary Portage Minerals S.A. ("Portage" or the "Company") (POTG-OTCQB) has signed a letter of intent to acquire three adjacent mining concessions located in the Tambo District, Castrovirreina Province, Department of Huancavelica.
Portage Minerals S.A. has set a date of on or before Aug. 15, 2011 to complete the acquisition San Martin mining concessions. The time frame allotted will allow Portage Resources Minerals S.A. the necessary time to conduct all due diligence on said acquisition.
The said concessions are located approximately 383 Kilometers from the city of Lima and is easily accessible by land with the last couple of kms to be travelled by trail. These concessions comprise an area of about 700 hectares.
The gas pipeline and other existing infrastructure will lower production costs upon start-up. The concessions are production ready in comparison to most projects, the turnaround time could be less than a year based on all available reporting.
There is great history behind these mining concessions that first attracted the Portage team. Upon further review of the overall area and the initial reviewed reports indicated that the concessions are rich in gold and silver, thus the Portage team decided to enter into said LOI.
Portage Resources Inc. President and CEO added, "The technical data available on these mining concessions is very extensive and requires full review within a short period of time. I feel the time is well spent as the potential of these concessions could be of incredible benefit to Portage."
About Portage Resources Inc.
Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources Inc. plans to recognize, and acquire near-term production mining properties, the Portage Resources Inc. seasoned and experienced Peruvian management team will research, review and prove any reserves for the purpose of production.
Symbol: OTCQB – POTG
Tao Minerals Ltd. Updates Proposed Las Aguadas Acquisition Marketwire "Press Releases"
MEDELLIN, COLOMBIA -- (MARKET WIRE) -- 07/18/11 -- Tao Minerals Ltd. (TAO) (OTCQB: TAON) is pleased to provide an update on the proposed acquisition of the Las Aguadas Project from Grupo de Bullet S.A. of Medellin, Colombia .
The Las Aguadas Project consists of five individual concessions located in the Central Cordillera of Colombia , in the department of Caldas. It is bordered to the north by the town of Abejorral, to the northeast by the town of Sonson, to the east by the town of Narino, and to the southeast with the town of Salamina. Concessions which are currently or in the process of being included in the Aguadas project have a total approximate area of 38,000 hectares. Preliminary exploration work carried out by Grupo de Bullet in 2011 detailed the geology and possible mineralization within the project. This work has only focused on two of the five concessions whose combined area is 9813 hectares. Tao management and senior geologists have completed their review of the available data on the Aguadas Gold Project and are preparing a report and proposed exploration and development budget for the next 12 months.
Grupo de Bullet www.grupodebullet.com has been operating in Colombia for over twenty years, and its applications and licenses are located in many of the most productive and potentially most promising regions of Colombia . Grupo de Bullet has had substantial exploration success in the past, providing AngloGold Ashanti with the concessions for the Gramalote and La Colosa gold deposit discoveries (combined resources of 14,000,000 ounces) in addition to the concession package that was spun out to form Continental Gold. Tao Minerals Ltd. senior management team is headed by president and founder James Sikora and has over 25 years experience in public company finance and consulting. He has worked with numerous public companies, providing financing from US, Canadian and European sources in addition to guiding management decision making on mining projects all over the world.
Tao senior geologist Prospero Benavides has worked as a professional mining and metallurgical engineer for the past 18 years and graduated from Universidad Nacional de Colombia with an engineering degree in mines and metallurgy. His working experience has been in the mining exploration and exploitation of open pit and underground gold, silver and platinum mines covering many if not all areas related to the exploration and exploitation phases of precious metal mining. Mr. Benavides also has extensive experience in the administrative processes with relation to licensing and permitting with government and private companies. Tao director Duncan Bain holds a PhD in Geology from the University of Western Ontario , Duncan is a Qualified Person as defined by National Instrument 43-101. He has been a director at Tao Minerals since inception as well as a geological consultant for numerous projects in Canada , Central America and South America . Tao and Grupo de Bullet geologists will be working together on the Las Aguadas Project as Tao completes its due diligence.
Tao Minerals Ltd. is a mining exploration and development company formed to acquire, develop, and exploit natural resource properties focusing primarily on the rich, yet highly underdeveloped gold deposits of Colombia in a socially and environmentally responsible manner. As a corporation, arriving early to the boom in the expansion of natural resource development in Colombia has enabled Tao to establish itself in Colombia over the past six years, becoming adept at the necessary legal and political processes and hiring highly qualified personnel in the geological, legal and security professions.
Notice regarding forward-looking statements
This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the expectation of low cost opportunity, the final terms of the acquisition and the gold production of the property to be acquired. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with mineral exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2010 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission .
Contacts: Tao Minerals Ltd. James A. Sikora President & CEO 1-877-331-8777 www.taominerals.com
Source: TAO Minerals Ltd.
BMGP Biomagnetics Signs a Letter of Intent to Spin Off China Low Carbon Fuel Assets Creating Significant Value for BMGP Shareholders
.039
Business Wire "Press Releases - English"
SAN FRANCISCO --(BUSINESS WIRE)-- Biomagnetics Diagnostics Corp. , (PINK SHEETS:BMGP - News) a developer of revolutionary diagnostic systems and technology for HIV, hepatitis, tuberculosis and malaria detection, and other innovative technologies, today announced it has signed a letter of intent to acquire a publicly traded company for the purpose of spinning off its Low Carbon and technology operation, Hubei Tianyuan Chemical Co., Ltd. (Hubei), into the acquired company. The company targeted for acquisition is current on all Securities and Exchange Commission filings and is classified as an operating company and not a shell company.
As part of the transaction, Biomagnetics will receive common shares in the new company, while Biomagnetics is also expected to receive a significant amount of funding at the closing of the transaction. The funds will be used to complete the development stage of the Companys Integrated Optical Biosensor (IOBS) diagnostic system. Biomagnetics has recently completed a collaboration with Los Alamos National Laboratory to develop the worlds first integrated optical biosensor in a portable, handheld technology format designed to substantially lower unit costs and raise the detection levels of some of the worlds most prevalent diseases. Funding from the spinoff transaction is expected to be sufficient to bring the IOBS into the commercialization stage.
Clayton Hardman , CEO of Biomagnetics Diagnostics Corp. stated, We are very pleased with the operation we have agreed to acquire to facilitate the Hubei spinoff. The targeted company will come to us with a pristine balance sheet and a very attractive capital structure. While the final details are still being worked out, we expect the corporate Biomagnetics entity will retain an approximate 5% ownership stake in the Hubei operation. Considering the significant amount of revenues the Hubei operation is expected to produce, we believe this ownership stake holds a value that significantly exceeds the current total market capitalization of Biomagnetics Diagnostics . Because of this, we believe this transaction is strongly in the interest of our shareholders.
Mr. Hardman continued, Current BMGP shareholders will not only benefit from this ownership position in Hubei , but also from the significant amount of cash we expect to receive upon the transaction closing that will be used to bring the integrated optical biosensor to commercialization.
DGHG news item: Diversified Global Holdings Group's Subsidiary Xerxis Consulting Signs Letter of Intent With Ukrainian Government
http://ih.advfn.com/p.php?pid=nmona&article=48393763
TAON Tao Minerals Ltd. Signs LOI to Acquire Las Aquadas Property
http://ih.advfn.com/p.php?pid=nmona&article=48339233
Equity Feed... Free for life.. no credit card required...
15 minute delay.. full functionality...
http://www.equityfeed.com/eqfeed/plans-and-pricing.html
AGHD .0001 - signed a Binding Letter of Intent to purchase controlling interest of Carbon Composite Technologies (CCT).
http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=AGHD:US&sid=ajTA3g5.KdPE
Personally, I wouldn't play this one... doesn't show enough potential from the 3 and 6 month charts to risk putting any money into it... jmho.
POTG .38 letter of intent to acquire the Linderos #4 property
http://finance.yahoo.com/news/Portage-Resources-Inc-Sign-prnews-3130594699.html?x=0&.v=1
DGHG 1.42 LOI to Acquire...
http://finance.yahoo.com/news/DGHG-Diversified-Global-iw-3734374410.html?x=0&.v=1
hey bro. how's it going? making many gains lately?
TADF .0034 LOI to Acquire aircraft with pending merger partner...
http://finance.yahoo.com/news/Tactical-Air-Defense-Services-pz-958418992.html?x=0&.v=1
ECDC signs LOI with NASDAQ company ZSTN:
http://ih.advfn.com/p.php?pid=nmona&article=47840323&symbol=ECDC
AVVC 1.05 entered into a binding letter of intent with Apps Marketing Solutions, Inc. ("AMS") with respect to the acquisition of all issued and outstanding shares of AMS by AVC.
http://biz.yahoo.com/e/110520/avvc.ob8-k.html
The parties expect to negotiate and execute definitive documentation regarding the acquisition prior to target closing date of May 30, 2011 (with possible extension to June 15, 2011).
AVVC is also amid a public awareness campaign.... how do I know.. I just received a mailer in my home address mailbox pitching AVVC.
SHOM .0330 LOI to merge with Washington D.C. Medical Group.
http://finance.yahoo.com/news/Southern-Home-Medical-iw-1652908027.html?x=0&.v=1
PR released Friday after close.
GDHI signs LOI for merger with California Grapes
http://finance.yahoo.com/news/China-Food-Services-Corp-iw-3117951946.html?x=0&.v=1
Great entry at .0002-.0003 and expect a run up to .0004-.0005 when follow up news breaks.
QLTS .72 LOI to acquire Midwest Business Credit.
http://finance.yahoo.com/news/Q-Lotus-Holdings-Signs-LOI-to-prnews-1329080725.html?x=0&.v=1
ECDC signs "letter of interest" with NASDAQ company, ZSTN, for possible merge: http://www.wallstreetnewscast.com/news/2011/may/ecdc2736.html
UEC This..is..a..bit..higher..priced...3.20 but just released Acquisition / Merger News...
the companies have signed a definitive Merger Agreement & Plan of Merger (the "Merger Agreement").
http://www.newswire.ca/en/releases/archive/May2011/06/c2085.html
FOFU The date to be ready for is 6/30
http://finance.yahoo.com/news/Force-Fuels-Announces-an-LOI-iw-2507850350.html?x=0&.v=1
NBRI Purchase agreement for property bumped up from 6/30 to 6/1 per 8-K
News should be expected at or around 6/1...
From 8-K:
The Amendment provides revised terms for the accelerated exercise of the Registrant’s Option to Purchase from June 30, 2011 to June 1, 2011, and an increase to the final Option payment due on June 1, 2011 from $50,000 to $85,000. Upon making the final option payment of $85,000 on June 1, 2011, the Registrant shall be deemed to have exercised the Option, and said payment shall also satisfy the requirement for a deposit to open escrow. The Amendment also provides that monthly mortgage payments for the duration of 2011 shall be reduced from $85,000 per month to $35,000 per month.
http://ih.advfn.com/p.php?pid=nmona&article=47405802
TADF This LOI is being posted a little late, but came in the form of an 8-K on April 1 with a follow up on April 28th.
Appears from the announcement that more announcements are to come, as well as news on a pending merger with Tactical Air Support Services, Inc.
This is a good play to keep an eye on as you can clearly see that it is going to be releasing news, possibly several follow up PRs before the deals are finalized.
http://biz.yahoo.com/e/110428/tadf.pk8-k.html
LLSR and MLXO both increase in volume and/or pps today in anticipation of merger news...
Bank on it... up from here.
QLTS More news out today...
http://finance.yahoo.com/news/Q-Lotus-Holdings-Announces-prnews-3239778560.html?x=0&.v=1
This company is an acquisition machine... expecting many more PRs out this month..
PLUS... ramped up promotional campaign.
Lock and Load! we're in the .90's now... Started in the .50's... Once we hit $1.00, it's an easy double from there.
QLTS 2 LOI's in the past 5 days... currently at .82 coming off of a bottom of about .50
Plus, there's a confirmed $2.47M promo campaign underway that appears to be ramping up just today.... and my sources say that it's going to run for the next 4 weeks.
Chart looks great, it's in a strong uptrend, forming higher lows each trading day.
LOI links...
http://finance.yahoo.com/news/Q-Lotus-Holdings-Signs-LOI-prnews-2876981594.html?x=0&.v=1
http://finance.yahoo.com/news/Q-Lotus-Holdings-and-The-prnews-1531259587.html?x=0&.v=1
This company is aggressively pursuing growth and I expect a flurry of PRs coming from them over the next few weeks, as well.
LLSR merger LOI signed on April 26th... stated merger should be final within 30 days... that puts us no later than May 26th.
MLXO LOI for 3 pending mergers... great potential here... should hear a follow up by end of May.
BRZL 30 day merger extension announced on 4/25... follow up news is due literally any second now.
11/29 LOI News since yesterday's close...
(1) JNTX .47 x .60, ~49M MC
(2) TLYH 4.42 x 4.50, ~36M MC
(3) AEND .51 x 1, ~2.4M MC
(4) RSCF 1.97 x 2, ~48.8M MC
Currently, JNTX and AEND look best.
JNTX
At September 30, 2005, the Registrant had 81,662,764,050 Class A Non-Assessable and 9,958 Class B Assessable shares of common stock issued and outstanding, including 10,867,000 share of Class A Non-Assessable stock to be cancelled.
TLYH
As of November 13, 2005, there were 8,000,715 shares of common stock issued and outstanding.
AEND
State the number of shares outstanding of each of the issuer's classes of common equity, as of the latest practicable date. 2,363,330 as of November 18, 2005.
RSCF
Indicate the number of shares outstanding of each of the Registrant's classes of common stock, as of the latest practicable date: September 30, 2005 24,380,000
________________
(1) Jeantex Group to Acquire Sanatex Inc. [FQJNMJX]
LOS ANGELES, Nov. 28 /PRNewswire-FirstCall/ -- Jeantex Group, Inc (OTC Bulletin Board: JNTX; Berlin Stock Exchange: A0F45Q), a corporation engaged in the design, development, manufacturing and marketing of consumer products for apparel markets worldwide, today announced that it has signed a Letter of Intent to acquire all the issued and outstanding stock of Sanatex Incorporated.
Based in Carson, California, Sanatex is engaged in the manufacturing of clothes and packaging materials, dyeing, and finishing for the apparel and fashion industries. With manufacturing facilities situated in the Private Free Zone in Kalubeia, Egypt, Sanatex enjoys exemption from tariffs on finished goods shipped to the United States. Sanatex expects revenue growth of approximately $35 million and earnings of approximately $3.5 million for the fiscal year ended December 31, 2006.
According to the Letter of Intent, Jeantex will purchase all of the issued and outstanding stock of Sanatex in exchange for newly-issued shares of Class A common stock of Jeantex. The number of shares will be equal to 51% of all the issued and outstanding shares of Class A common stock of Jeantex immediately following the closing of the transaction and Sanatex will become a wholly-owned subsidiary of Jeantex Group. The Company intends to enter into a stock purchase agreement which is subject to customary closing conditions, and is expected to close this transaction in the fourth quarter of fiscal 2005. Jeantex believes that the acquisition will be accretive to earnings in the fourth quarter of fiscal 2005.
As a combined entity, the Company will be led by Hassanein M. Hassanein, Chief Executive Officer of Sanatex. Mr. Hassanein originally founded Misr-Taiwan in 1989, a majority owned company of Sanatex, Inc. Mr. Hassanein has extensive worldwide experience in development, design, manufacturing and importing and exporting of apparel goods. He is Egypt's second largest exporter of apparel goods. He also is helping to promote the development of "Egyptian Cotton", a certified state-run program created to produce textiles made from the finest Egyptian cotton. Mr. Hassanein maintains textile operations in Taiwan and China.
Henry Fahman, Chairman of Jeantex Group, Inc. said, "We are happy to welcome Sanatex to the Jeantex family and believe this transaction will have a strong impact on shareholder value. Sanatex has been very successful as a low cost private label manufacturer for large mass merchant and department stores such as Target, Kohl's, Sears and Wal-Mart. The Company's success stems in part from its 238,000 square-foot manufacturing facilities in Egypt, which operates as a duty-free qualified investment zone into the Untied States. We plan to increase our production for both Sanatex and Jeantex out of this facility." Mr. Fahman continued, "Additionally, Sanatex has a strong opportunity to increase penetration within its existing distribution channels by working with Jeantex to improve their design capabilities and overall product assortment. We also plan to leverage Jeantex's existing customer relationships in the U.S., Europe, and Japan which should enhance the sales and overall profitability for Sanatex."
Hassanein M. Hassanein, Chief Executive Officer of Sanatex, Inc. stated, "We are very enthusiastic about becoming part of a public company with Jeantex and believe this transaction will position us to achieve stronger sales and profitability by providing additional services to our customers and utilizing more of our manufacturing capacity. Jeantex's design expertise and growing upscale customer base provides us with an excellent platform from which Sanatex will realize its potential while also developing synergies and opportunities across the Jeantex organization. The Jeantex and Sanatex fit will take both companies to a higher level in the marketplace."
About Jeantex Group, Inc.
Jeantex Group, Inc. (formerly Lexor Holdings, Inc.), through its wholly-owned subsidiary Jeantex, Inc., engages in the design, development, manufacturing, and marketing of consumer products for the apparel markets worldwide. Jeantex manufactures denim jeans for prominent brand names such as ABS, Blue Cult, Guess, Hurley, Limited Express, and Lucky. The Company also manufactures and markets new lines of uniquely designed high-quality jeans, T-Shirts, and accessories under the "Bone People" trademark, which are being marketed in Germany, Japan, Portugal, Scandinavia, Spain, and the US. Further information about Bone People(TM) can be found at www.bonepeople.org
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. Such forward-looking statements are made based upon management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investor Contact:
Bill Zima
Integrated Corporate Relations
(203) 682-8200
SOURCE Jeantex Group, Inc.
Bill Zima of Integrated Corporate Relations, +1-203-682-8200, for Jeantex Group, Inc. 28Nov05 22:00 GMT
Symbols: de;LEX us;JNTX
Source PRN PR Newswire
Categories: NWI/FAS NWI/OTC NWI/REA NWI/TEX NWS/ERP NWS/OTC NWS/TNM MST/I/CLO MST/I/MKT MST/I/RTB MST/I/TEX MST/L/EN MST/R/EG MST/R/US/CA MST/S/ERP MST/S/MRG TGT/PRX
(2) Tally-Ho Ventures Executes LOI to Acquire Protrust Private Clients S.A. [FQJQHNV]
NEW YORK--(Business Wire)--Nov. 28, 2005--
Tally-Ho Ventures Inc., (OTCBB: TLYH), an international wealth management firm, announced today it has entered into an agreement to acquire Protrust Private Clients S.A. ("PTPC") for a maximum total consideration of $8 million. PTPC manages a total of $1.4 billion of investment assets for high net worth investors.
Peter Smith, Chief Executive Officer of Tally-Ho Ventures stated, "The core of our business plan is a continual pursuit of cutting edge and professional vehicles for managing funds for our clients. The prospect of adding Protrust Private Clients to our portfolio of companies is a tremendous step towards that end. Completion of the acquisition would mean our funds under administration would be over $1 billion and our funds under management would be over $1.4 billion." Commenting on the move into Switzerland Peter Smith stated that "Switzerland is still Europe's number one banking center and holds the largest percentage of the world's offshore funds. By acquiring PTPC we would be adding a very professional and experienced group of Swiss bankers and fund specialist to our team.
The acquisition complements TLYH's previous acquisitions of wealth management groups, Belgravia-Intervest and Master Finance Europe.
Under the terms of the letter of intent, the operations of PTPC are expected to become an operating subsidiary of Tally-Ho Ventures, with key members of the PTPC management team entering into long-term employment contracts. Completion of the transaction is subject to final negotiation of a share purchase agreement, completion of due diligence and satisfaction of customary conditions to closing.
ABOUT TALLEY-HO VENTURES Inc.
Tally-Ho Ventures is an independent private wealth management organization focused on serving the needs of expatriates, small institutions and high net-worth individuals. The company currently has 13 offices and is fully authorized to operate in 23 countries.
ABOUT PROTRUST PRIVATE CLIENTS SA
Originally established in 1992, the company transformed itself into an authorised Fiduciary (Trust) Company in August 1996 as Protrust Switzerland SA, the name changed to Protrust Private Clients SA in February 2001, as part of a group re-branding exercise. PTPC provides discretionary management services for the assets of high net worth individuals, corporation and Trusts emanating from many jurisdictions including Italy, Switzerland and the Far East.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including without limitation, the independent authority of the special committee to act on the matters discussed, the successful negotiation of the potential acquisition and disposal of transactions described above, successful implementation of the company's business strategy and competition, any of which may cause actual results to differ materially from those described in the statements. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission
Tally-Ho Ventures, Inc. Peter Smith info@belgravia-intervest.com www.belgravia-intervest.com or Protrust Private Clients SA Alex Bell alexbell@protrust.net or Public Relations: American Capital Ventures, Inc. Howard Gostfrand, 305-918-7000 Fax: 305-466-1747 www.amcapventures.com
Copyright Business Wire 2005 28Nov05 23:47 GMT
Symbols: us;TLYH
Source BW Business Wire
Categories: MST/I/BNK MST/L/EN MST/R/NME MST/R/US MST/R/US/NY MST/S/MRG TGT/BWB
(3) American Enterprise Development Corporation Signs Letter of Intent to Acquire El... [FQKGWNN]
American Enterprise Development Corporation Signs Letter of Intent to Acquire El Pegasu International, Inc.
HOUSTON, Nov. 29 /PRNewswire-FirstCall/ -- American Enterprise Development Corporation (OTC Bulletin Board: AEND) today announced that it has entered into a preliminary letter of intent to acquire El Pegasu International, Inc. as a new portfolio company of the Fund. El Pegasu International, Inc. is a home builder operating in Texas. After due diligence, proper approvals and the completion of definitive agreements, the transaction is expected to close in the first quarter of 2006.
"We believe that the acquisition of El Pegasu International will be a positive step forward for our company in creating shareholder value," stated Mr. Gilchrist, the President of American Enterprise Development Corporation. "Although El Pegasu International is only completing its first year of operations, it is growing rapidly and we believe it will perform well as it grows."
This press release contains various forward-looking statements and information, including management's expectations that are based on management's belief as well as assumptions made by and information currently available to management. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions including, among other matters, changes in market conditions, availability of funding and competition for venture capital investments. Should one or more of these risks materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. For a discussion of the risks, investors are urged to refer to the company's reports filed under the Securities Exchange Act of 1934.
Contact: Jonathan Gilchrist, CEO
AEDC (713) 266-3700
jGilchrist@goldbridgecap.com
SOURCE American Enterprise Development Corporation
Jonathan Gilchrist, CEO of American Enterprise Development Corporation, +1-713-266-3700, or jGilchrist@goldbridgecap.com 29Nov05 11:00 GMT
Symbols: us;AEND
Source PRN PR Newswire
Categories: NWI/CST NWI/FIN NWI/OTC NWS/TNM MST/I/BNK MST/I/CON MST/I/MKT MST/L/EN MST/R/US/TX MST/S/MRG TGT/PRX
(4) Reflect Scientific Inc. Announces a Letter of Intent to Acquire Cryomastor Corp. [FQKHPGD]
MOUNTAIN VIEW, Calif.--(Business Wire)--Nov. 29, 2005--
Reflect Scientific Inc. (OTCBB: RSCF), an industry leader whose business is the manufacture, supply and distribution of laboratory equipment and related supplies to the life sciences industry, announces the execution of a Letter of Intent to acquire Cryomastor Corp., a California corporation.
Cryomastor Corp. has developed a unique ultra low temperature (ULT) freezer that addresses a growing critical need as a repository for users in biotech, U.S. disease control centers, hospitals and military bio-research. The Cryomastor ULT provides superior temperature control, reliability and energy savings. The Cryomastor technology is expected to play an important role in areas such as vaccine storage, stem cell research and other emerging growth areas.
Kim Boyce, Reflect Scientific's president and CEO, remarked, "We are extremely excited to join forces with the Cryomastor Corp. The acquisition of the Cryomastor group and their newly developed ultra low temperature freezer will provide our company with a tremendous growth opportunity. We look forward to completing the final documentation and closing the transaction as quickly as possible. The market potential for the ULT freezer is significantly large. As an example, the potential loss of product due to utility outages in a mechanical unit could essentially be avoided with the use of the Cryomastor freezer system. Currently we believe there are no freezer systems available that compare with the Cryomastor ULT system. This denotes an opportunity that our team at Reflect Scientific is eager to pursue."
About Reflect Scientific
Reflect Scientific's products are used and sold throughout the biotechnology, pharmaceutical and medical industries. Reflect has been in business for more than 10 years and has enjoyed consistent year-over-year growth. A strong interactive relationship with Reflect's customer base provides the company with an opportunity to expand its business by acquiring and incorporating new skills to create leverage for the introduction of new innovative products. Building on this success, targeted acquisitions have been selected on the basis of technical synergies and alignment with the aforementioned customer position. This focus on being technology-driven and customer-led results in a unique opportunity for growth.
About Cryomastor
The Cryomastor is a revolutionary liquid nitrogen-based sample preservation system. The Cryomastor uses a "closed" design, eliminating sample exposure and cross-contamination. The Ultra Low Temperature freezer easily performs controlled set or cycled product cooling or freezing. The elegantly simple design eliminates virtually every issue associated with comparable mechanical ULT systems. The Cryomastor significantly reduces energy as compared to mechanical systems, also requiring no additional air conditioning, while operating virtually maintenance-free. There are many important industrial, medical, educational and military activities that require the safe storage and preservation of biological materials for later study or use. Immediate opportunities for the Cryomastor product line exist in the biotech, bio-repository and pharmaceutical industries. Sales efforts are currently underway in these business spaces.
For information related to Reflect Scientific, contact Investor Relations: Michael Dancy, 801-746-3570, e-mail: medancy@allwest.net, or visit: www.reflectscientific.com.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
For Reflect Scientific Inc. Michael Dancy, 801-746-3570 (Investor Relations) E-mail: medancy@allwest.net www.reflectscientific.com
Copyright Business Wire 2005 29Nov05 11:30 GMT
Symbols: us;RSCF
Source BW Business Wire
Categories: MST/I/BTC MST/I/DRG MST/I/MDV MST/L/EN MST/R/NME MST/R/US MST/R/US/CA MST/S/MRG TGT/BWB
BNTT change their symbol to WWSI! wth? can't find anything on it.
BBSE
Barnabus Energy and MB Gas Execute Letter of Intent on New Acquisitions
Friday June 3, 10:59 am ET
CALGARY, Alberta--(BUSINESS WIRE)--June 3, 2005--Barnabus Energy, Inc. (OTCBB:BBSE - News) is pleased to announce that a letter of intent (LOI) has been signed with MB Gas (the Operator) in their ongoing land and infrastructure acquisition program in the Manyberries area of south-eastern Alberta, Canada.
The LOI reaches an agreement between the Company and MB Gas as it pertains to a significant opportunity currently under negotiation in interests currently held by Innova Exploration Ltd., a major player in the region. Final agreements between all parties are expected shortly and the Company will announce full details as soon as they become available.
ABOUT THE COMPANY
Barnabus Energy, Inc. (BBSE) is committed to the exploration and development of oil and natural gas reserves throughout western North America. Management has closely aligned itself with key strategic partnerships consisting of veteran, experienced oil and gas professionals. The company's model is a focused approach to the expLOItation of targeted, low risk development opportunities and the exploration for high impact oil and gas reserves.
RAPT
Raptor Investments, Inc. (OTC:RAPT) today announced its projected timetable for the completion of its first acquisition pursuant to the company's announcement on Monday, May 23rd that it was terminating its LOI to acquire Micro-Connections, Inc. and simultaneously shifting its strategy into the eBay drop store, retail thrift, business liquidations, and self-auction businesses. Jamie DeSane, acting CEO of Raptor, commented, "This has been in the works for quite a while, actually. Due Diligence we conducted on Micro-Connections revealed IP that might not be worth protecting, little potential for pricing power and a host of dependency issues."
Raptor Investments announced it has joined Las Vegas based Net2Auction Inc. (Pink Sheets:NAUC) and Dallas based Orbit Drop, Inc. (Pink Sheets:OBDP) in the eBay (NASDAQ:EBAY) drop store business "but with some significant differences over our eBay reliant brethren," suggests DeSane. "We liked the prospects for the business but were worried about immediate viability as a stand-alone. Every financial model we put together suggested great potential in terms of operational scale and cash flows long-term, but way too many short-term hurdles. We view drop stores as a business that depends on attaining critical mass to be successful, requiring huge capital expenditures with uncertain profitability timetables." He added, "We felt that the franchise option wasn't an option for us because it traded larger long-term cash flows for smaller more immediate cash flows."
GLCO - .007..no LOI yet but custodian awarded the company in court has done a few RMs in past (Mark Taggatz RCER-EFST)..shareholder meeting recently and rumor of RM with a medical company of some sort....should see update shortly....
FYTK new LOI in today’s 10QSB
On April 15, 2005 the Company entered into a letter of intent to complete a merger transaction with Ronco Marketing Corporation, a Delaware Corporation (RMC) whereby RMC would become a wholly owned subsidiary of the Company through a merger of RMC into a newly formed subsidiary of FI-TEK, Ronco Acquisition Company (Acquisition). The Company will change its name from FI-TEK VII, Inc. to Ronco Corporation if such name is available in the state of Delaware. Each share of capital stock issued and outstanding by the Company immediately prior to the effective time shall remain issued and outstanding. Each share of RMCs and Acquisitions common stock issued and outstanding immediately prior to the effective time shall cease to be outstanding and shall be converted into one share of common stock of the surviving corporation. The letter of intent contemplates the execution of a definitive agreement, which has not yet been signed.
Ronco is the same company that tried to merge with TIDH
SMKT
Stock Market Solutions, Inc. to Acquire a Private Company
Tuesday April 19, 12:01 pm ET
NEW ORLEANS, April 19, 2005 (PRIMEZONE) -- Stock Market Solutions, Inc. (OTC BB:SMKT.OB - News) issued a letter of intent to acquire a private company.
ADVERTISEMENT
Stock Market Solutions Inc. announced today it has issued a letter of intent to acquire a private company. In the spirit of full disclosure, and to prevent rumors, the company has chosen to disclose this event at this time. The details of the letter of intent will be disclosed when and if the letter of intent is signed back to Stock Market Solutions, as anticipated.
Stock Market Solutions is a company that assists professional mutual and hedge fund traders and managers, as well as individual investors, to more skillfully trade the stock market. The Company uses proprietary computer software systems based on the ``Jesse Livermore methodology,'' to enable these traders and investors to more successfully trade the stock market.
Livermore was a famous trader who operated in the 20's and 30's. Our research discloses that:
-- He predicted the crash of 1907 and made over three million
dollars in a single day, an amazing feat for the time.
-- He never took a partner and was a secretive lone-wolf trader.
-- His most famous foray into the market occurred in 1929, and
profited him with millions in cash. It caused him to be blamed
single-handedly for the "Crash of '29." This only added to his
standing on Wall Street.
Livermore developed revolutionary trading techniques. Livermore's techniques were studied and catalogued through painstaking research and interviews over four years by Richard L. Smitten, who authored three books on Livermore, with the most recent release in the trilogy occurring in October of 2004: ``How To Trade Like Jesse Livermore'' currently available in bookstores nationwide. Through a licensing arrangement with Smitten, the techniques have been refined and have been programmed by software engineers for SMKT over the past two years. The software is in its final stages of development.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are ``forward-looking statements'' that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
Contact:
Stock Market Solutions, Inc.
Richard L. Smitten
Investor Relations
(504) 561 1104
www.stockmarketsolutions.org
--------------------------------------------------------------------------------
Source: Stock Market Solutions, Inc.
CINCINNATI & BEIJING--(BUSINESS WIRE)--May 5, 2005--Pickups Plus, Inc. (OTC BB:PUPS), announced today that it has signed a Letter of Intent to form a joint venture in the People's Republic of China which will market and distribute the popular ValuGard(TM) line of car care and environmental protection products in the PRC.
Merritt Jesson, president and CEO of Pickups Plus, said the non-binding LOI, signed with the Jinche Yingang Automobile Co. of Beijing, sets guidelines for a joint venture, which will have exclusive distribution rights for the ValuGard product line in China. He said the due diligence process "will start immediately, as both companies are anxious to move forward as quickly as possible.
"We have all heard of the tremendous business opportunities in China and the importance of partnering with a company there that knows the market and the industry marketplace," Mr. Jesson said. "In partnering with Jinche Yingang, we are confident that this vital first step has been accomplished.
"As China's industrialization and modernization accelerates, its automotive industry is expected to be among those at the forefront," he said. "And as the Chinese auto industry puts literally millions of cars on the road, these vehicles will need high quality care and protection products such as we currently market and distribute under the ValuGard name through our Auto Preservation subsidiary in the U.S."
Two ValuGard Lines to be distributed
Mr. Jesson said the joint venture distribution and marketing company formed by Pickups Plus and Jinche Yingang - to be known as JV - will offer both of ValuGard popular product lines:
- ValuGard Professional-Grade Car Care Products, including glass cleaner, rubber dressing, car wash soap, bug and tar remover, one-step polish, wheel cleaner, wax, carpet and vinyl cleaner, and leather cleaner and conditioner, used by professional detailers in the U.S. and recently introduced at automotive specialty stores, and
Mentioned Last Change
PUPS 0.02 0.006dollars or (23.07%)
- ValuGard Environmental Protection Products, including paint sealant, undercoating, rust proofing, and leather/vinyl and fabric/carpet protectors, which are used by automotive dealerships worldwide. Many of the largest vehicle manufacturers, including General Motors(R), Ford(R), Daimler Chrysler(R), Toyota(R), Mazda(R), Hyundai(R), Nissan(R), Renault(R), Saturn(R) and Saab, rely on ValuGard products for their own use, for factory defect resolution, and/or private-label ValuGard products for resale in their dealerships.
'Bringing the Best Auto Care Products to China'
Pang Gui-San, chairman of Silver Harbor Car Center of Beijing, representing the Jinche Yingang Automobile Company, said he was "very happy to be bringing the best auto care and protection products to China. "The ValuGard name is widely known for professional-quality care," he said. "It is our hope and belief that ValuGard will be instrumental in helping make the joint venture between Jinche Yingang and Pickups Plus a success and a leader in the emerging auto aftermarket here."
About Pickups Plus, Inc.
Pick-Ups Plus, Inc. (OTC BB:PUPS, www.pickupsplus.com ) is a retail operator and franchiser of automotive parts and accessories stores catering to the light truck and SUV market, with five franchised locations in the U.S. and two company owned-stores. It markets and distributes the ValuGard line of professional car care products through its Automotive Preservation, Inc., subsidiary, to automotive dealerships for new vehicle preparation, as well to detailing shops and automotive specialty stores.
About Jinche Yingang Automobile Co.
Jinche Yingang Automobile Co. is a Beijing PRC-registered company specializing in automobile sales, financing, insurance and repair.
CANM-
Caneum Inc. Announces Signing of LOI to Acquire Clarence M. Kelley and Associates Inc.'s Backgrounds Division, Entering the Billion Dollar Market for National Background and Investigative Services
Tuesday May 3, 9:29 am ET
Company Sees the Transaction Being Immediately Accretive as Management Continues to Build Shareholder Value
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--May 3, 2005-- Caneum Inc. (OTCBB:CANM - News) today announced the signing of a Letter of Intent to acquire 1138 Inc., d/b/a Clarence M. Kelley and Associates Inc., a leading background investigative services provider located outside of Kansas City, Kan. Formerly the Backgrounds Division of the well-known National Security Solutions and Risk Management Company, Clarence M. Kelley and Associates Inc., 1138 was spun off in a management buy-out in July 2004. Terms of the proposed acquisition are not being disclosed and the closing of the acquisition is contingent upon numerous conditions, including, but not limited to, an audit of the financial statements of 1138 Inc.
Alan Knitowski, chairman of Caneum Inc., stated: "We are extremely pleased with the signing of the LOI to acquire 1138 Inc. Caneum believes that there is a tremendous market opportunity for background screening and investigative services as part of a bundled HR-oriented business process outsourcing (BPO) offering and views this acquisition as a core component to our BPO line of business. Additionally, we view 1138's diverse commercial and governmental customer base as a great foundation to support both corporate and federal customers as part of basic pre-employment screening and advanced Homeland Security initiatives. This acquisition will be immediately accretive to Caneum upon closing as we are acquiring a company with positive operating cash flow and net income in its most recent calendar year. We believe that this will be a fantastic fit for both companies and their respective shareholders."
Darren Dupriest, president of 1138 Inc., stated: "Technology has taken the forefront in our effort to provide human resources professionals with a service partner who understands their need for accurate and relevant information, which allows them to reduce their exposure and risk. Since the Backgrounds Division was spun off in 2004, we have sought a partner with the technology and human services expertise to allow us to reach the next level of customer satisfaction - Caneum provides that resource."
About 1138 Inc.:
1138 Inc., formerly the Backgrounds Division of Clarence M. Kelley and Associates of Kansas City, Mo., until acquired by management in July 2004, has strategically positioned itself in the background screening industry as a customer-centric alternative to the nation's employers. The Backgrounds Division of Clarence M. Kelley and Associates, located in Lenexa, Kan., has been providing local and national businesses with Background Screening services for over 15 years. The company's Web-based account management system, CMKAScreen, is available 24 hours a day, seven days a week and automates the process of requesting, retrieving and managing background information. CMKA has a nationwide network of more than 400 researchers, ensuring the efficient and secure transfer of comprehensive background data. For more information on the background services provided by CMKA, please call 913-322-5999 or visit the company online at http://www.cmkascreen.com.
About Caneum Inc.:
Caneum Inc. is a global provider of business process and information technology outsourcing products and services across vertical industries including technology, energy, government, transportation, financial services, education and healthcare. The company provides a suite of business strategy and planning capabilities to assist companies with their "make versus buy" decisions in the areas of data, network, product development, product maintenance and customer support, and fulfills its services in-house, on-shore, near-shore and off-shore depending on the business goals and objectives of its global customers. In parallel, Caneum is opportunistically pursuing accretive acquisitions within its core outsourcing product and service suite in order to broaden its core capabilities, expand its customer base and supplement its organic growth. For more information, please visit the company's Web site at http://www.caneum.com.
MHPT Medical Home Products Issues LOI to Purchase Texas-Based Diabetic Supply Company
Business Wire - May 2, 2005 9:02 AM (EDT)
ST. PETERSBURG, Fla., May 02, 2005 (BUSINESS WIRE) -- Medical Home Products, Inc. (Pink Sheets:MHPT), a leading provider of medical self test kits and diabetics supplies, today announced that the Company has issued a Letter of Intent (LOI) to acquire an established Texas-based Medicare Durable Medical Equipment company.
Paul Mathis, the President and CEO of Medical Home Products said, "Consistent with our announced policy of aggressive growth we are seeking to acquire another Medicare Equipment company.. Our recent acquisition of Strictly Diabetics, Inc. provides us with an experienced management team, established Medicare and Medicaid licenses and existing client base to allow our continued rapid expansion into the Medicare/Medicaid market. This acquisition will significantly expand our existing client base and provide a major increase in our revenues. It also allows for the consolidation of our fulfillment and call-center operations, and along with our combined purchasing power, provides an increased return on investment for our shareholders."
In 2002, the Lewin Group, Inc. conducted a study that showed that the total cost of diabetes in the United States is $132 billion with direct medical cost representing $92 billion and indirect cost (disability, work loss, premature mortality) accounting for $40 billion.
Medical Home Products, Inc., http://www.medicalhomeproducts.com, is publicly traded on the OTC under the symbol MHPT with headquarters in St. Petersburg, Fla.
This press release may contain forward-looking statements covered within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that we may not produce today and that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations. They are subject to a number of risks and uncertainties, including, but not limited to, changes in technology and changes in pervasive markets.
SOURCE: Medical Home Products, Inc.
Medical Home Products, Inc., St. Petersburg
Paul Mathis, 727-823-6333
Investor@medicalhomeproducts.com
Copyright Business Wire 2005
SBGX - Stonebridge Signs LOI to Acquire 50% Interest in Mining Claims of 6070205 Canada Inc.
Business Wire via COMTEX
Apr 29, 2005 4:01:03 PM
CARSON CITY, Nev., Apr 29, 2005 (BUSINESS WIRE) --
Stonebridge Resources Explorations Ltd. (NQB:SBGX), has entered into a letter of intent with 6070205 Canada Inc. to Acquire 50% interest in the mining claims of their property in Northern Ontario, 15 km N.W. of Kirkland Lake.
The property was explored previously by a number of companies and previous drilling indicated geology finds that are favorable for a potential large sulphite deposit.
The initial drilling done in 1998 indicated zinc mineralization in a number of drill holes, varying from 0.6 meters of 4.4% zinc and 1.76% zinc over 4.6 meters, 1.33% zinc over 4 meters.
In the year 2002 a megatem airborne survey was conducted over the property identifying several areas of interest. A confirmation of the geophysical result from the airborne survey was obtained by a ground geophysical survey that identified the down plunge extension of the previous drilling. It was recommended that a 3 drill hole program for a total of 500 meters be undertaken.
Harold Pizel, Stonebridge Resources President, said; "This agreement signed once again shows our strong belief and commitment to the mineral rich Northern Ontario region, we are excited about the opportunities ahead."
Stonebridge Resources Explorations Ltd. is a junior resource and exploration company concentrating on acquiring and consolidating large advanced exploration-stage companies with near term production potential and future growth potential and acquiring this growth initiative in a profitable and socially responsible manner.
Safe Harbor
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such words a "may", "will", "believes", "estimates", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors stated in the Company's filings with the Securities and Exchange Commission.
SOURCE: Stonebridge Resources Explorations Ltd.
Stonebridge Resources Explorations Ltd. Investor Relations: Harold Pizel, 905-481-2533
Copyright Business Wire 2005
How did you hear of that one Bubba? LOLOL! ;)
SGGM- signs LOI St. George Metals, Inc., Announces Signing of Letter of Intent to Merge Nevada Vermiculite Into SGGM, Bringing Over $30 Million of Assets Into the Company
QGRP -- Quartz Group, Inc. (The)
Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
The Quartz Group, Inc. and Tenguy World USA, Inc. Announce Signing of Letter of Intent
MARINA DEL REY, Calif., Apr 26, 2005 (BUSINESS WIRE) -- The Quartz Group, Inc. (OTC:QGRP), a Colorado corporation and Tenguy World USA, Inc., a Nevada corporation, announced that on April 25, 2005, the parties signed a non-binding Letter of Intent to enter into a Share Exchange Agreement wherein Tenguy World USA, Inc. will exchange 100% of its shares with the Quartz Group, Inc.
Upon closing of the proposed share exchange transaction, the shareholders of Tenguy World USA, Inc. will own approximately eighty two percent (82%) of the issued and outstanding common stock of The Quartz Group with the existing shareholders of The Quartz Group owning approximately eighteen percent (18%).
Tenguy World USA, Inc. is a motivational and performance training and education company with principal operations conducted by its wholly owned subsidiary, SINVI International Co., Ltd. (SINVI) located in Nagoya, Japan. SINVI offers seminar-training sessions across Japan. Approximately 100,000 individuals have participated in the company's programs that are designed to build confidence and increase performance in education, competitive sports and the corporate work place. In addition to classroom seminars, SINVI offers a wide range of instructional books and multimedia CDs. SINVI's clients include Sony Life Insurance, Toyoda Gosei Co., Ltd and numerous Japanese high schools and universities.
Cautionary Statement pursuant to Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:
Forward looking statements are based on expectations and assumptions as of the date of this press release and are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The Companies assume no obligation to update these forward-looking statements, and do not intend to do so.
This document is not construed to be an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such an offer would be illegal. The Companies are not soliciting any action based upon this material.
SOURCE: Quartz Group, Inc. and Tenguy World USA, Inc.
CONTACT: The Quartz Group
Aaron Landon, 310-823-8300
or
Tenguy World USA, Inc.
Alan Fetzer, 310-413-4317
Copyright Business Wire 2005
-0-
KEYWORD: United States
Japan
Asia Pacific
North America
California
Colorado
Nevada
INDUSTRY KEYWORD: Education
University
Continuing
Other Education
Professional Services
Consulting
Human Resources
Other Professional Services
QRUS..second try.. Tarrant Apparel Group Announces Letter of Intent for Private Brands Share Exchange Transaction
Tuesday April 26, 7:30 am ET
- If Successfully Completed, Private Brands Business to Trade Publicly As Majority Owned Subsidiary of Tarrant -
LOS ANGELES, April 26 /PRNewswire-FirstCall/ -- Tarrant Apparel Group (Nasdaq: TAGS - News), a design and sourcing company for private label and private brand casual apparel, today announced that Tarrant has entered into a letter of intent with Qorus.com, Inc. ("Qorus") to exchange all the outstanding shares of its wholly-owned subsidiary, Private Brands, Inc., for shares of Qorus. Qorus is a publicly traded company quoted on the Over-the-Counter Bulletin Board under the symbol QRUS.
ADVERTISEMENT
Under the terms of the proposed transaction, in exchange for all of the outstanding capital stock of Private Brands, Qorus would issue shares of its convertible preferred stock to Tarrant in such amount so that, upon completion of the transaction, Tarrant would own in the aggregate 97% of the issued and outstanding shares of common stock of Qorus on a fully diluted and as-converted basis. The current stockholders of Qorus are expected to own 3% of the issued and outstanding common stock on a fully diluted and as-converted basis after completion of the exchange transaction. The closing of the exchange transaction would be subject to Private Brands' ability to obtain additional financing, and the effect of any such financing would reduce the percentage ownership in Qorus of both Tarrant and the current stockholders of Qorus.
Private Brands, Inc. owns or controls the distribution of branded apparel collections which are sold to targeted retail companies. Private Brands designs and manufactures American Rag CIE merchandise that is distributed exclusively by Macy's Merchandising Group to Macy's Stores across the country. Alain Weiz is a collection of better priced, plus sized apparel which has recently been introduced and is distributed exclusively by Dillard's. Gear 7 is a young men's and boys collection of casual clothing distributed exclusively through Kmart. Two recent additions to the Private Brands portfolio are the Jessica Simpson license (http://www.jessicasimpson.com) and House of Dereon by Beyonce Knowles (http://www.beyonceonline.com).
"We have been exploring strategic options for our Private Brands business and believe that the proposed transaction with Qorus will provide maximum value for our shareholders," commented Gerard Guez, Chairman of the Board of Tarrant Apparel Group. "Our core Private Label business is healthy and growing and will continue to be operated by Tarrant Apparel Group. Having our Private Brands business under its own umbrella will provide greater opportunities to expand its portfolio and capitalize on other growth opportunities in the market. At the same time, this transaction allows Tarrant shareholders to continue to benefit from ownership in the robust market for branded apparel."
Mr. Guez concluded, "In 2003, our Private Brands business consisted of only one brand. Today we have expanded and diversified our portfolio into six recognized brand names. Through the success of these collections including the recently extended agreement with Macy's Merchandising Group for American Rag CIE, we have proven our strength in design as well as our expertise in product development and marketing. We look forward to further capitalizing on the strong foundation that is being built."
The exchange transaction is subject to a number of conditions, including, but not limited to, the negotiation and execution of a definitive acquisition agreement, the delivery of audited financial statements of Private Brands, the approval by the Qorus, Private Brands and Tarrant boards of directors of the transaction, and the receipt of required third party consents and approvals. Accordingly, there can be no assurance that the exchange transaction will be completed.
Qorus is currently a public company with nominal assets whose sole business has been to identify, evaluate and investigate various companies with the intent that, if such investigation warrants, a reverse merger transaction be negotiated and completed pursuant to which Qorus would acquire a target company with an operating business with the intent of continuing the acquired company's business as a publicly held entity.
About Tarrant Apparel Group and Private Brands, Inc.
Tarrant Apparel Group serves specialty retailers, mass merchants, national department stores, and branded wholesalers by designing, merchandising, contracting for the manufacture of, and selling casual and well-priced apparel for women, men, and children.
Through its subsidiary, Private Brands, Inc., Tarrant designs, markets, and manufactures privately owned brands, including American Rag CIE, and has exclusive license agreements with several celebrity brands such as Jessica Simpson and Beyonce Knowles' House of Dereon.
Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this news release include the anticipated closing of the exchange transaction and value of Private Brands as a separate reporting entity. Factors which could cause actual results to differ materially from these forward-looking statements include failure or difficulty in obtaining third party approvals, our ability to complete the share exchange transaction in a timely manner and the inability to raise additional capital necessary to support anticipated growth. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Source: Tarrant Apparel Group
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An agreement that describes in detail a corporation's
intention to execute a corporate action. The letter of intent is created by
the corporation with its management and legal council, among others,
and outlines the details of the action.
Letters of intent are used during the merger and acquisitions
process to outline a firm's plan to buy/take over another company. For
example, the letter of intent will disclose the specific terms of the
transaction (whether it is a cash
or stock deal).
What is the value of an LOI play?
The value of an LOI play is potentially many-fold. When an LOI has just been
released, a stocks pps will normally spike up on the news of such said intention
to merge or acquire another company. Playing the LOI news as a day trade
can be very profitable if you're fast enough to get in and ride the initial pop.
However, many LOI's these days are also giving time frames for when the
finalization of their stated intention is anticipated to take place. That means,
as that time approaches, you can jump back into the trade and make
more profits as the follow-up news is released.
That's one option... Here's another one:
Recent plays like CNUV have afforded several opportunities to book profits
since the initial LOI was released stating their intention to acquire Freya
Industries. In fact, as of this time the acquisition is not yet final, yet there
have been several PRs updating shareholders on the progress of the
acquisition and these updates along with the expected finalization have driven
the stock price from around .0024 to past its previous 52 week high of .0066
to a new 52 week high of .0074.
When news is released regarding the finalization of the acquisition, then
another run will take place, at which point, it would be advisable to exit
the trade.
So, the second option is to hold the stock all the way through the entire
process. But, be aware that this may mean holding for months. On the
other hand, it may be only a few weeks to less than a month, depending
on the situation.
If you pay enough attention, you can enter and exit the trade several times
during the process and make money each time. That is up to you and
will depend on your personal trading style. Neither method is wrong.
Where Do You Find LOI Plays?
Great question... many answers... here's a few:
- News releases
- Other Ihub boards
- Other resources / chatrooms on the internet
- Equity Feed type news feeds*
* Equity Feed has a phenomenal news feed that allows you to use filters by many
different factors, including keyword (such as, LOI, Letter of Intent, Merger, etc.),
volume, price, etc. And, it's in real time. In my opinion, it is the best source for
fast, fresh information. In fact, anything that you get anywhere else probably
originated from there.
If you don't have Equity Feed and you're interested...
http://www.equityfeed.com
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