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NEWS out on IVII- Merger hint
IVI COMMUNICATIONS NEW (U-IVII) - News Release
IVI Communications and Titan Global Announce Agreement with YA Global
2008-10-01 12:03 ET - News Release
Also News Release (U-TTGL) TITAN GLOBAL HLDGS INC
Agreement Paves Course for Strategic Business Combination for IVI by Titan
DALLAS -- (Business Wire)
IVI Communications, Inc. (OTCBB:IVII) and Titan Global Holdings, Inc. (Pink Sheets:TTGL), a diversified holding company, announced today that they completed an agreement (“Agreement”) with YA Global Investments, LP (“YA”).
The Agreement sets forth a timeline and milestones that allows IVII or Titan to pay off YA’s existing IVII debentures at a discounted rate, without payment of any penalties or other charges. IVII and Titan have until December 20, 2008 to retire the then outstanding principal and interest of YA convertible debentures CCP-1 dated March 27, 2006 and Debenture CCP-2 dated April 17, 2006 by the payment of 97.5% of the face amount due, provided IVII completes a merger or acquisition.
In addition to an 8k detailing the transaction being filed with the SEC, IVII is required to grant YA 2.5% of the outstanding shares of the merged or reorganized entity, based on the shares outstanding as of the effective date of such an event.
In June, 2008, IVII announced that Titan acquired all of its outstanding Series A and B Preferred stock from the former holders. The preferred stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Members of Titan management were appointed to IVII's Board, including David Marks, Titan's Chairman, and Bryan Chance, Titan's President and Chief Executive Officer. Kurt Jensen was appointed as President of IVII. As well, Mr. Jensen serves as President and Chief Executive Officer of Titan's Communications Division.
Last month IVII completed a 400 for 1 reverse stock split.
"We are pleased to come to this agreement with YA Global," said Kurt Jensen, President of IVI Communications. "With this agreement in place, we will focus our energy on completing a strategic combination in a complimentary communications business that will benefit both IVI and Titan’s shareholders."
About IVI Communications, Inc.
IVII's historical objective was to be an ex-urban provider of highly focused broadband services for businesses, schools, libraries and residential consumers. Its products included high-speed broadband access that is comparable to DSL and cable-based broadband products and offerings that scale from 128 kbps (residential opportunities) to 155 Mbps (OC3 equivalent) for customers with very large bandwidth needs. In addition to providing high-speed access, it offered a complete suite of telecom products as a full service Internet Service Provider (ISP), and provided toll grade (where applicable) voice over Internet protocol ("VoIP"), and local and long distance services.
About Titan Global Holdings, Inc.
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning consumer products, international telecommunications, and energy resources and distribution.
Titan's primary operating divisions include the following:
Titan's Communications Division addresses a range of high-growth markets in international telecommunications, wireless and mobile segments. These units are focused on prepaid international telecommunication products.
Titan’s Global Energy Division aggregates traditional and next-generation energy and fuel distribution assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
For more information, please visit our website: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contacts:
Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com
MCCI UP 100% with only 1.2mill traded .0008
I HOPE YOU ALL HELD IVCM NOW IVII AFTER THE R/S.
In the green for the first time on financials on edgar.
Hello everyone IVII is starting to MOVE.
IVII is the new symbol for IVCM. Starts trading tomorrow.
Gain or loss StockA? Huh? Nice try.
Glad I did't take part. My DD said watch and see. We did and we saw.Saved money in this case
Lots of bag holders here
Guys? Only blame yourselfs if you bought on someones advice with out doing your own DD
Charts alone in this case spoke for themselfs. Remember the trend is your friend.
School of hard knocks grad.
Still on my watch list however
GLTA
TTGL news conf. They bought IVCM shell. Conf. call is posted on IVCM board.
CXAC...E-mail update from CEO...
-------------------------------------------------
From: Jorge Bravo [mailto:jbravojr@bellsouth.net]
Sent: Tuesday, July 15, 2008 9:17 AM
To: *********
Subject: RE: update
Yes, watch for some news this week…..
Thanks
--------------------------------------------------------------------------------
From: *********************
Sent: Tuesday, July 15, 2008 8:30 AM
To: 'Jorge Bravo'
Subject: RE: update
Moving forward?
IVCM on NEWS alert. SHould hear something soon.
PRMO keeps trucking, lol. The funny thing is that stock has billions of shares and IVCM has 400 mil soon to be 1 million and trades at .0004
IVCM .0002-.0004. held up. North from here imo.
looks like bhub may trade again . i hold some lotto tix for about a yr.
took qmnm profits added some moe ivcme
congats prmo holders, ivcm will be heading north
PRMO - You grabbed a good one .. Outstanding News !
XKEM is going to run like crazy today in anticipation of the conference tomorrow.
Happy Fourth everyone. Hopefully some fireworks with IVCM merger plans next week.
IVCM 21.5 mil buys & 18.5 mil sell on R/S news. Why was the stock even down? More buys than sells. No doubt MM's were short on the run up 2 weeks ago.
From the 10K Kurt Jensen,CEO(414)727-2699
Holding all my IVCM. To me its worth the risk and at the current pps is would not make sense to sell.
The R/S is a good thing in this case, although it took me by suprise. Reducing the o/s makes it much more attractive shell with 1 million shares vs. 400 million. Remember IVCM has no viable business. The value is in the shell. THE R/S HERE WILL LEAD TO MORE SHAREHOLDER VALUE IF AND WHEN A MERGER TAKES PLACE. IMO THAT IS THE DIRECTION THIS IS GOING. THERE IS NO OTHER REASON I SEE TO DO THIS R/S. THERE ARE STOCKS OUT THERE WILL BILLIONS OF SHARES TRADING THAT MOST OF THE BASHERS ON THIS BOARD OWN. AFTER THE R/S THERE WILL BE A MILLION SHARE SHELL.
SCHEDULE 14C (RULE 14C-101)
An amendment to our Certificate of Incorporation to effect a 1-for-400 reverse stock split of IVI Communications, Inc.’s outstanding common stock.
PROPOSAL 1
ONE FOR FOUR HUNDRED REVERSE SPLIT
On June *, 2008 the majority stockholders of the Company authorized a reverse stock split pursuant to which 399,999,991 currently outstanding shares of Common Stock (the "Old Shares") would be automatically converted into approximately 1,000,000 shares of Common Stock (the "New Shares").The reason for the reverse stock split is to increase the per share stock price. The Company believes that if it is successful in maintaining a higher stock price, the stock will generate greater interest among professional investors and institutions. If the Company is successful in generating interest among such entities, it is anticipated that the shares of its Common Stock would have greater liquidity and a stronger investor base.
The reverse stock split will not alter any shareholder's percentage interest in the Company's equity, except to the extent that the reverse stock split results in any of the Company's shareholders owning a fractional share. No fractional shares shall be issued. Any shareholder who beneficially owns a fractional share of the Company's Common Stock after the reverse stock split, will receive an additional share in lieu of such fractional share. The principal effects of the reverse stock split will be that the number of shares of Common Stock issued and outstanding will be reduced from 399,999,991 to approximately 1,000,000.
IVCM R/S
Posted by: AllanP Date: Wednesday, July 02, 2008 5:09:11 PM
In reply to: None Post # of 6423
IVCM: 14C
NOTICE OF ACTION TO BE TAKEN PURSUANT TO THE WRITTEN CONSENT OF STOCKHOLDERS HOLDING A MAJORITY OF THE OUTSTANDING SHARES OF COMMON STOCK OF THE COMPANY IN LIEU OF A SPECIAL MEETING OF THE STOCKHOLDERS, DATED *, 2008
To Our Stockholders:
NOTICE IS HEREBY GIVEN that the following actions will be taken pursuant to the written consent of stockholders holding a majority of the outstanding shares of common and preferred stock dated * in lieu of a special meeting of the stockholders. Such action will be taken on or about July *, 2008:
1.
An amendment to our Certificate of Incorporation to effect a 1-for-400 reverse stock split of IVI Communications, Inc.’s outstanding common stock.
http://investorshub.advfn.com/boards/board.aspx?board_id=4804
SVMI seems promising..
I've looked at BUNM before but the 3B A/S and the fact that advertising dollars are scarce, scares me a little.
Not a mention of UPDV here today? HTOG ? and others ?
Insureman GL. Ill look at it with few others im radaring.
CXAC...CEO’s LETTER (posted on www.crossac.com)
July 1, 2008
Dear Shareholders:
Our Business Plan continues progressing very productively. Although developing the business is taking more time than anticipated, mainly due to being under-financed, we are working diligently to find the most efficient and quickest ways to increase revenues for the Company, thus increasing profits and value to our shareholders’ holdings. Having an adequately funded company, one can execute your business plan much more effectively and profitably. However, we are confident that we can continue our Plan successfully, although to a more limited degree than hoped for.
Our July update:
Fruit2Go –
Final Packaging has been delayed waiting for the Certified Laboratory Analysis Certificate for the necessary Nutritionals Report. The Graphic Design has been approved and we will be presenting the product to the Public very soon. It is important to remember that we will be the only Company in the U.S selling this type of product. We look forward to Fruit2Go revenues being very satisfactory. Please open link below for our new packaging, minus updated Nutritionals:
http://www.crossac.com/the_down_spot.html
Waterless Wash & Wax –
Our Technical Staff has completed the product development to our satisfaction, and we are in the process of seeking appropriate labeling. Initially, we planned to use a Litho type label, but very large quantities were required for ordering. Due to our financial constraints, we will have to use a printed label. We cannot delay any longer; it is time to launch Waterless Wash & Wax. We have begun the label printing process.
Tres Gourmet Pasta –
We have begun presentations of this Pasta line from Germany (where it enjoys great success). This is a unique product, an All Natural Pressed Pasta.
We are receiving excellent responses from some of the top supermarket chains and Club stores throughout the United States. Very encouraging!
New Line of Specialty “High-end” Personal Care Skin Products –
We have just begun production on our new website: www.rejuvbeauty.com. We are negotiating with a TV Production Company and Media Company. We have three excellent products ready to launch, with testing and evaluation completed. We will be utilizing Direct Response Marketing instead of selling thru Mass Market Merchandisers. We are confident that, with the product lines we have, we want to reach the Consumer quickly and directly. At this time, we have no desire to compete with the major Cosmetic Companies for shelf space. We are very excited about the launch. Our very competent Technical staff of Cosmetic Chemists is already developing new skin care products for next year.
All this is being accomplished with limited funding But we anticipate once we get our products launched and sold, we will be able to obtain very favorable financing to enable us to reach the next level in our Business Plan.
CXAC has progressed satisfactorily since one year ago. We are trying to be as efficient as possible while continuing our efforts to increase sales and profits. We are out there in the Marketplace developing, presenting our products and creating opportunities for growth in all aspects.
I can assure you, CXAC will be a very successful Company for the benefit to all, shareholders, Company and the Consumer.
Sincerely,
Jorge Bravo
CEO/President
CXAC
IVCM FACTS-->
Why keep IVCM alive if they have no business?-->Everything points to a merger. imo
1. TTGL takes over controlling interest of IVCM
2.Kurt Jensen appointed to run IVCM. (*merger and aquistion specialist as per june 24 pr.)
3. TTGL pink sheet stock kicked off OTCBB status. Their are many accounting issues in certain holdings and operations they have.
4. TTGL diverse holding company that may spin off business into a shell or the entire holding company.
5. TTGL infuses cash into IVCM? They have no business, so why did they do it? TO KEEP THE IVCM fully compliant and keep their OTC BB status and filings current. THey did not want them to declare bankruptcy or go into pinkie land.
6. TTGL creating new divisions, become mulit-diverse in oil operatons. THey need a clean shell eventually to get back to OTC BB.
7. NO dilution as per Transfer Agent.
8k out for IVCM. My take->
Here is my take on the 8K. Obviously TTGL wants IVCM's corporate filings to stay current on the OTC BB, so they infusing cash into them to keep all their filings current and compliant. They DO NOT want them to declare bankruptcy because that would hurt the quality of the shell to merge into. I believe imo they are already in the process of making some sort of merger take place and have realized that it needs time to make this happen so by infusing cash into IVCM they are able to keep it a fully reporting company. *Remember Kurt Jensen, running IVCM now, is a merger and aquisition expert for TITAN GLoabl. This was notated in the PR on June 24.
and GLCP...
any thoughts on snrs, sydi, or xxis??
*IVCM is on full alert for news-->
**********DD on What is going on--->
Here is the guy running IVCM now-->Kurt Jensen - President & Chief Executive Officer, Planet Direct, Inc. & Titan Communications
http://www.titanglobalholdings.com/aboutus.html
Kurt Jensen recently was reappointed as President of Titan’s Communications Division. Prior to serving in this role, Mr. Jensen has served as Executive Vice President of Mergers and Acquisitions for Titan. Mr. Jensen is a seasoned executive with over 17 years of experience in a variety of industries including consumer products, telecommunications, consumer products and consulting. He has a strong background in bridging the gap between customer support requirements and the operational and organizational efficiencies required to deliver overall customer profitability and satisfaction
Now click on Mr. Jensen. Look At the news from yesterday now. ITs all coming togther.
Now Read yesterdays PR-->VI Communications, Inc. Announces Acquisition of Controlling Interest by Titan Global Holdings, Inc.
Tuesday June 24, 6:30 am ET
Titan Management to Lead IVI Communications
RICHARDSON, Texas--(BUSINESS WIRE)--IVI Communications, Inc. (IVCM), announced today that Titan Global Holdings, Inc. (TTGL), a high growth diversified holding company, has acquired all of IVI’s outstanding Series A and B Preferred stock from the former holders. The Preferred Stock includes the right to vote a majority of IVI’s shares for any action to be taken by shareholders. At the time of the Preferred Stock acquisition, IVI’s sole officer and director, Charles Roodenberg resigned and members of Titan management were appointed to IVI’s Board, including David Marks, Titan’s Chairman and Bryan Chance, Titan’s President and Chief Operating Officer. Kurt Jensen was appointed as President of IVI. Mr. Jensen currently serves as President and Chief Executive Officer of Titan’s Communications Division.
Mr. Kurt Jensen CEO at TITAN GLobal-handles mergers/aquisitions and thats who the President of Titan appoints to take over IVCM. Interesting to say the least.
\Titan Reverts:To Old Symbol and Pink Sheets-->
Filed under:
* TTGL
— OTCJournal Editor @ 12:47 pm
In case you are wondering about the quote- TTGLE has now reverted back to TTGL- with one caveat- the stock has officially lost its bulletin board listing and has been relegated to the Pink Sheets- the land of non reporting companies.
There was no disclosure I am aware of from the company- you just had to figure it out. I hadn’t noticed until one of the OTC Journal faithful pointed it out.
You might wonder what this means. OTC BB companies are fully reporting, just like any DOW component, and have to live up to the same standards of reporting.
TTGL had three violations of tardy financial reporting. The rules state that if you file late three times, you lose your BB status, and go to the Pink Sheets for a period of one year. I believe that if you comply in a timely manner for a year, you can be reinstated.
Pink Sheet companies are not required to file financials. However, in the case of Titan, the company probably will choose to file, and regain its BB status in a year if they don’t screw up again.
I don’t believe it is going to have a major effect on the stock price today- however, if they start doing better, it probably won’t encourage new investors to find them in the Pinks.
The price quote now comes up on Yahoo! at TTLG.PK. TTGL pretty much every where else if you want to keep following it.
http://www.otcjournal.com/otcb/titan-reverts-to-old-symbol-and-pink-sheets/630/
me too, it is on my list for this weeks movers! best to you
Will do crudeoil. Thanks guys have a great week trading and check in with your picks and say hello.
Nice board Stockanalyst23. How long did you have that message on the marketing sign at the EXXON gas station? ...LOL....I have postmarked this board, and will view regularly and hope to contribute as well.
When you have time check out SIVC charts.
I also like UPDV chart and 100% upside run last week.
yea,, Me too...
nice board....marked
CGGP is going to rock..
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