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Ocean Power Corp.(fka PWREQ)

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Last Post: 4/6/2016 5:58:44 PM - Followers: 6 - Board type: Free - Posts Today: 0

PWREQ is an OTCBB shell that just came up to date with the SEC after filing 21 10Q/10K's and has a pending reverse merger with Northstar.

In November Company received $18 million in venture capital

Yahoo Finance says revenue for 2007 is $3.9 million and they have 40 employees

Clients Include:

Company has the financial backing from the likes of:

Benchmark Capital, H.I.G. Capital Management, Morgan Stanley, Goldman Sachs, and Merrill Lynch.

In October of 2006, the Company signed a term sheet with Trinad Capital Master Fund Ltd. (the Sponsor) to sponsor a plan of reorganization. Prior to confirmation of the Chapter 11 plan of reorganization, the Sponsor will identify a merger candidate to be merged into the Company. The Sponsor is currently in negotiations with NorthStar Systems International, Inc. as the potential merger candidate. Before the merger can take place, the Company is required to bring all of its financial, tax and SEC filings current from the last filing date of June 30, 2002. Pursuant to orders of the United States Bankruptcy Court for the Southern District of New York, the Company has engaged accountants, auditors and SEC counsel to complete this task. Under the terms of the proposed plan, creditors of the Company will receive a pro rata cash payment and stock consideration in the new merged entity. The aforementioned consideration will be distributed to creditors of the Company under the proposed plan of reorganization.

PNC BANK One of Thier CLients

SAN FRANCISCO, Jan. 22 /PRNewswire/ -- NorthStar Systems International (NorthStar), a leading provider of wealth management software, today announced that PNC Wealth Management, a division of The PNC Financial Services Group, Inc. (NYSE: PNC) , has selected NorthStar software.

NorthStar will help provide PNC with an integrated wealth management solution for its private banking advisors. NorthStar's best-in-class wealth management software will enhance PNC's desktop technology initiative for supporting growth, advisor productivity, regulatory compliance and quality advice to clients.

By integrating profiling and proposals, financial planning, investment selection, portfolio construction, and client reporting and management into a single workflow, NorthStar's solution will allow PNC advisors and their teams to operate more efficiently and improve the quality of their interactions with clients and prospects.

"We are very excited to have PNC as a client," said Bob Skea, chief operating officer, worldwide field operations for NorthStar. "We look forward to providing advanced technology to support PNC's wealth management strategy and help its advisors spend more time with clients and prospects. The efficiencies and productivity improvements resulting from the use of our software will help PNC to efficiently operate its wealth management business."

About NorthStar Systems International

56,182,746 shares outstanding as of January 28, 2008
#165   PWREQ Finra deleted symbol: Renee 04/06/16 05:58:44 PM
#164   PWREQ SEC Suspension: Renee 05/14/12 07:42:08 PM
#163   Someone needed the Write Off,eh! ...SC seeclear 11/30/10 04:17:32 AM
#162   right on brother!!! uranium-pinto-beans 08/04/10 12:09:37 AM
#161   wow, good luck to us :-) :-) theparty 08/03/10 11:58:57 PM
#160   iv been in this one for years now!! uranium-pinto-beans 08/03/10 11:50:36 PM
#159   lol, I have 100k only this, pure lotto theparty 08/03/10 11:18:17 PM
#158   look at the chart!!! uranium-pinto-beans 08/03/10 10:15:04 PM
#157   Does someone know anything about this: Aragorn1 08/03/10 12:16:01 PM
#156   yeah hopefully kaboom to come Blue54 08/03/10 11:43:24 AM
#155   no doubt!!! shes been years in the making!!! uranium-pinto-beans 08/03/10 11:39:11 AM
#154   couldn't agree more 34000 at the ask over Blue54 08/03/10 11:31:51 AM
#153   looks like SOMEONE knows somethin uranium-pinto-beans 08/03/10 11:23:49 AM
#152   shes heating up!!! uranium-pinto-beans 08/03/10 10:35:44 AM
#151   things starting up here??? ethannyc1 05/21/08 04:45:43 PM
#150   Last time I called the Lawyer, who's number Blue54 05/12/08 07:49:23 PM
#149   any word on what's cooking here? ethannyc1 05/11/08 02:13:14 AM
#148   us trustee motion to be heard on april Blue54 03/25/08 11:59:28 AM
#147   this thin is gonna break out soon , imo Blue54 03/18/08 12:31:19 PM
#146   L2 looking better Blue54 03/18/08 10:29:10 AM
#145   hey hey ...looky ova here! ethannyc1 03/17/08 09:25:09 PM
#144   Finally some upward movement here. Some Beach 03/14/08 11:30:50 AM
#143   a little volume here, and this will fly jmo Blue54 03/07/08 02:22:00 PM
#142   check the ibox above Blue54 03/06/08 03:25:43 PM
#141   Is there any information on this. Would like Some Beach 03/06/08 01:40:46 PM
#140   I think we will see some more buying Blue54 03/05/08 09:47:43 AM
#139   In October of 2006, the Company Blue54 03/04/08 03:42:51 PM
#138   dare i say "weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!" ethannyc1 03/04/08 03:36:44 PM
#137   getting some hits, maybe finalization of the courts Blue54 03/04/08 01:26:57 PM
#136   thanks Blue54 03/04/08 01:19:45 PM
#135   Have to look at the chart, but by ANTADOG 03/04/08 01:19:12 PM
#134   .01's gone its ALIVE!!! from .002 to uranium-pinto-beans 03/04/08 01:10:39 PM
#133   Ant, what's your stance on PWREQ at the Blue54 03/04/08 12:46:00 PM
#132   moved up on small volume :0 uranium-pinto-beans 03/03/08 03:51:36 PM
#131   up to.004 maybe an update on the merger soon Blue54 03/03/08 03:20:10 PM
#130   some loading going on here today, maybe something Blue54 03/03/08 02:41:25 PM
#129   somebody is dumping there position Blue54 02/28/08 11:01:19 AM
#128   with the bankruptcy of this shell a lot uranium-pinto-beans 02/27/08 04:17:16 PM
#127   yeh, the only othher thing that adds to Blue54 02/27/08 07:52:18 AM
#126   am i missing something? why would that ethannyc1 02/26/08 11:15:55 PM
#125   go to yahoo finance they give the number uranium-pinto-beans 02/26/08 01:40:46 AM
#124   yeah and thanks for the help here. uranium-pinto-beans 02/26/08 01:02:55 AM
#123   I think I read there 2007 earnings were Blue54 02/25/08 07:43:10 PM
#122   1% sounds like the correct interpretation. nuketheshorts 02/25/08 07:35:34 PM
#121   Actually in reading it again, I believe current Blue54 02/25/08 06:17:57 PM
#120   it is in the 02/01/2008 6:01AM EDGAR Ocean Blue54 02/25/08 06:07:51 PM
#119   It's in the last paragraph when referring to Blue54 02/25/08 05:42:19 PM
#118   PART I Blue54 02/25/08 05:38:50 PM
#117   cut and paste it here maybe i missed uranium-pinto-beans 02/25/08 04:34:20 PM
#116   am I correct in reading in the filings Blue54 02/25/08 04:26:14 PM