PNG Venture Inc. (fka PNGXQ)

[brwtrpilot]

Someone bought all my shares yesterday.. for a nice gain on my part
phew thought I had messed up..
on the other play i'm in dallas right now, did not get a call back from the firm but will be going to there plant that is about an 1.5 hours north that is temp closed to take pictures and then see what type of progress is going on in Dallas. if you know what I am speaking of.. will let you know what I find over here...
pm your email sometime on a friday free pm thing.. if you get a chance..
brwtrpilot

[Maestro111]

New Filing for today
PNG Filng

[Dragynn]

Current equity all canceled by re-org, if you are holding this when the music stops, it will be worthless.

From the PR:

Previously outstanding equity, including all options, warrants and other derivative instruments linked to that equity, was eliminated as part of the Plan. The Company remains a public entity and, upon completion of the customary regulatory review and distribution of the creditor shares, should resume trading under a new symbol based on the name Applied Natural Gas Fuels, Inc.

[floyd4]

.netPress Releases PNG Ventures, Inc. And Subsidiaries Emerge From Chapter 11 Reorganization
By Business Wire 03/24/10 - 06:51 PM EDT Loading Comments... Add Comment
Stock quotes in this article: PNGXQ
PNG Ventures, Inc. (OTCBB:PNGXQ) today announced it and its wholly owned subsidiaries, New Earth LNG, LLC, Arizona LNG, LLC, Applied LNG Technologies USA, LLC, Fleet Star, Inc., and Earth Leasing, Inc. (collectively, the “Company”), have successfully emerged from the voluntary reorganization filed on September 9, 2009 under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Plan of Reorganization, confirmed on March 12, 2010 resulted in conversion of a majority of the Company’s outstanding debt to new common equity, and eliminated or mitigated the impact of certain onerous contracts inherited as part of the Company’s June 30, 2008 Share Exchange Transaction with Earth Biofuels, Inc.
More on Press Releases Fit In Your Skin(TM) Launched As The First Health And Wellness Program For Individuals Living With PsoriasisAccuride Showcases New Products And Service Offerings At Mid-America Trucking ShowBistro MD Achieves TV Fame By Providing More Health-Conscious Innovative Weight Loss ProgramsAutodesk Drives Global Alignment Of New Partner ProgramAmerican Community Relies On TechTeam Global For Broad Range Of IT Infrastructure ServicesOne Billion Gallons In Camelina Biofuel By 2025Oculus Innovative Sciences Launches Microcyn® Dermatology HydroGel For Relief Of Pain And Itch Into U.S. Dermatology Healthcare MarketCredit Union Association Of New Mexico To Offer BNY Mellon's Remittance Solution To Credit UnionsIVision Mobile Ends 2009 With Record Revenues And Launch Of Proprietary Free To End User Text Messaging SoftwareViaSat Awarded $21.5 Million MIDS-LVT Lot 11 Delivery Order Market Activity PNG Ventures Incorporated| PNGXQ UPThroughout the reorganization process, the Company operated its business in the ordinary course. The Company’s day-to-day operations and delivery of products or services to its customers were not adversely affected by the Chapter 11 filing. Cem Hacioglu, President & CEO of PNG Ventures, said, “We are very happy to have successfully completed this critical process within a short period and are excited about the prospects of our new company going forward. Having recapitalized our balance sheet and eliminated a number of debilitating operational and financial impediments, we are now superbly positioned to take advantage of the tremendous growth opportunities in the alternative fuels market and become the preeminent provider of cleaner burning fuels for the domestic and international markets.”
Mr. Hacioglu continued, “On behalf of our Board of Directors and management team, we would like to thank our employees and professional team for their hard work, perseverance and dedication. We would also like to thank our Plan sponsors, Medley Capital and Sandell Asset Management for their faith in us and our long-term prospects. Most especially, however, we would like to thank our customers, suppliers and other business partners for their patience throughout this arduous process. We will continue to work very hard to be deserving of the trust and confidence they have placed in us and our Company.”

[Brick]

From the PR, existing shares eliminated

Previously outstanding equity, including all options, warrants and other derivative instruments linked to that equity, was eliminated as part of the Plan.

[B7$4]

"PNGXQ News" PNG Ventures, Inc. and Subsidiaries Emerge from Chapter 11 Reorganization

http://ih.advfn.com/p.php?pid=nmona&article=42113650&symbol=PNGX&cb=1269471329

Date : 03/24/2010 @ 6:51PM
Source : Business Wire
Stock : PNG Ventures, Inc. (PNGXQ)
Quote : 0.008 0.0 (0.00%) @ 2:32PM


PNG Ventures, Inc. and Subsidiaries Emerge from Chapter 11 Reorganization

PNG Ventures, Inc. (OTCBB:PNGXQ) today announced it and its wholly owned subsidiaries, New Earth LNG, LLC, Arizona LNG, LLC, Applied LNG Technologies USA, LLC, Fleet Star, Inc., and Earth Leasing, Inc. (collectively, the “Company”), have successfully emerged from the voluntary reorganization filed on September 9, 2009 under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Plan of Reorganization, confirmed on March 12, 2010 resulted in conversion of a majority of the Company’s outstanding debt to new common equity, and eliminated or mitigated the impact of certain onerous contracts inherited as part of the Company’s June 30, 2008 Share Exchange Transaction with Earth Biofuels, Inc.

Throughout the reorganization process, the Company operated its business in the ordinary course. The Company’s day-to-day operations and delivery of products or services to its customers were not adversely affected by the Chapter 11 filing.

Cem Hacioglu, President & CEO of PNG Ventures, said, “We are very happy to have successfully completed this critical process within a short period and are excited about the prospects of our new company going forward. Having recapitalized our balance sheet and eliminated a number of debilitating operational and financial impediments, we are now superbly positioned to take advantage of the tremendous growth opportunities in the alternative fuels market and become the preeminent provider of cleaner burning fuels for the domestic and international markets.”

Mr. Hacioglu continued, “On behalf of our Board of Directors and management team, we would like to thank our employees and professional team for their hard work, perseverance and dedication. We would also like to thank our Plan sponsors, Medley Capital and Sandell Asset Management for their faith in us and our long-term prospects. Most especially, however, we would like to thank our customers, suppliers and other business partners for their patience throughout this arduous process. We will continue to work very hard to be deserving of the trust and confidence they have placed in us and our Company.”

As part of the Plan of Reorganization, the majority of the Company’s senior credit facility was converted into approximately 66% of the common stock of the newly organized Company with the balance settled for a combination of cash and a $9.8 million four-year term loan. In addition, the Company’s trade and unsecured debts were exchanged for a creditor trust of approximately $1.2 million and 7.5% of the common stock of the newly reorganized Company. The Plan was funded by approximately $8.3 mm in return for a combination of approximately 26.5% of the common stock of the newly reorganized Company, a new $5.5 million four-year term loan and $250,000 short-term loan. Previously outstanding equity, including all options, warrants and other derivative instruments linked to that equity, was eliminated as part of the Plan. The Company remains a public entity and, upon completion of the customary regulatory review and distribution of the creditor shares, should resume trading under a new symbol based on the name Applied Natural Gas Fuels, Inc.

The foregoing is intended as a summary of the terms of the final Plan of Reorganization and confirmation process. A more detailed description can be found within the Company’s Current Report on Form 8-K which will be filed with the Securities and Exchange Commission. A copy of the Plan and Disclosure Statement are available at www.altlng.com.

About Applied Natural Gas Fuels, Inc. (formerly known as “PNG Ventures, Inc.”)

Through its Applied LNG Technologies and other subsidiaries, the Company engages in the production, distribution, and sale of liquefied natural gas (“LNG”) to customers consisting of public utilities, industrial end-users and other fleet customers within the transportation, manufacturing, distribution, and municipal markets, primarily in California, Arizona, and Nevada. The Company also offers turnkey fuel solutions, including delivery, equipment storage, fuel dispensing equipment, and fuel loading facilities.

[brwtrpilot]

Ah such is life made a gamble did not work out but was not heavy at all made that back plus on another play....
I have not got around to connection of dots as of yet but there is something there.. going to D town in about a week and a half to see what is what... digg maybe will get some leads...
will let you know....

[Maestro111]

Mar. 17th Filing

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7133048

[Maestro111]

Mar. 16th Filing

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7130119

[brwtrpilot]

Call me crazy but after all that I put in a buy order on the common at ask and could not get it all filled.. Hummm oh well
you can get ahold of me by my handle at aol on those connections we were looking at...
I got ahold of someone in Dallas and they are seeing if I can do an
onsite... visit.. no matter I will be going there to meet up with
a friend from another board. should be a fun time either way.. plan on trying to get a pic or two of the proposed sites and the stated production area north of dallas.. to see what is up with that..
have a good one..
brwtrpilot

[brwtrpilot]

Call me crazy but after all that I put in a buy order on the common at ask and could not get it all filled.. Hummm oh well
you can get ahold of me by my handle at aol on those connections we were looking at...
I got ahold of someone in Dallas and they are seeing if I can do an
onsite... visit.. no matter I will be going there to meet up with
a friend from another board. should be a fun time either way.. plan on trying to get a pic or two of the proposed sites and the stated production area north of dallas.. to see what is up with that..
have a good one..
brwtrpilot

[Maestro111]

The Bankruptcy plan has been approved. Findings are on page 4. Expect an announcement next week.
PNG Ventures to become Applied Natural Gas Fuels, Inc

http://www.loganandco.com/dockets/PNG/PNG_DKT_000357_067915_00099481_2319865bb533228d98c6c776c558bad.pdf

Main Document:

http://www.loganandco.com/dockets/PNG/PNG_DKT_000356_067914_00099479_d53f766bc9ff3f190e52bfd494c212.pdf

[Maestro111]

Hearing Cancelled 3/11/2010
http://www.loganandco.com/dockets/PNG/PNG_DKT_000355_067901_00099456_ee16b7421f5eb7646283d73f0127b4a.pdf

[Maestro111]

Anyone hear anything yet on what happened Friday the 5th?

[brwtrpilot]

All PNG Wants is the paperwork that they have.. all the shares the evfn had went to pay a portion of the debt to catterbombwhatever his name is.. even evfn is out.. as far as I can tell..
but the matter with the black group is not resolved as they object to not being able to sue the principles of the firm for breach of duty.. yada yada.. It put then in the class with the common holder of the stock.. imho.. So if the black group can prevail then the commons may have a chance to make a stand also.. that is the way I read the whole mess..

[Maestro111]

Filed on March 4th. Check out item 2. PNG Ventures is rumoured to be rolled back into EVFN.

http://www.loganandco.com/dockets/PNG/PNG_DKT_000351_067808_00099247_25797a9c6741af76197bd45ec16386af.pdf

[Maestro111]

Seems to be progressing well. A few more urdles and we may have somethin. Watch March 5th for a final decision.

[Maestro111]

Go to this link to follow bankruptcy filings:

http://www.loganandco.com/disclaimer.asp?nextPage=client_detail_docket.asp?DebtorId=362

[dalemj]

Looking for a posible merger of one of there spinoffs Out of Nevada OTCBB not pink

[5776372]

So how is this stock lately? any good?

[NewPennyGuru]

SHE'S GOING HIGHER NAT GAS IS THE PLAY FOR THE YEAR....

[BUBBA]

PNGX $4.25 had 5 trades @ $5.00

[BUBBA]

PNGX news (BSNS WIRE) PNG Ventures Wins LNG Supply Contract for the City of Phoenix, Arizona
PNG Ventures Wins LNG Supply Contract for the City of Phoenix, Arizona



DALLAS--(BUSINESS WIRE)----

PNG Ventures, Inc. (OTCBB: PNGX) today announced its wholly owned
subsidiary, Applied LNG Technologies USA, LLC ("ALT") has executed a
liquefied natural gas ("LNG") supply contract with the City of
Phoenix, Arizona. Under the terms of the agreement, PNG Ventures will
supply over 10 million gallons to the City over the course of the next
twelve months. The City of Phoenix will use the LNG as a
transportation fuel for its municipal transit buses.

The City of Phoenix is the largest single purchaser of
transportation LNG in the United States.

Director of the City of Phoenix Public Transit Department, Debbie
Cotton, stated, "The City of Phoenix is proud to be a leader in the
advancement of the use of LNG as a clean, affordable alternative
solution to this nation's energy concerns. We are pleased to be
working with ALT in offering clean, domestically produced LNG to our
municipal fleet."

Kevin Markey, interim CEO of PNG Ventures, said, "Our agreement
with the City of Phoenix is a great addition to the growing strength
of ALT. We are excited to begin this relationship with such a
forward-looking partner."

PNG Ventures, Inc., through its wholly owned subsidiary, ALT,
produces liquefied natural gas ("LNG") from its production facility in
Topock, AZ and distributes its product to municipal and commercial
transportation markets in the western United States. The Company's new
web site is currently under construction. ALT's website is
www.altlngusa.com.

Forward-Looking Statements Disclosure

This press release may contain "forward-looking statements" within
the meaning of the federal securities laws. In this context,
forward-looking statements may address the Company's expected future
business and financial performance, and often contain words such as
"anticipates," "believes," "estimates," "expects," "intends," "plans,"
"seeks," "will," and other terms with similar meaning. These
forward-looking statements by their nature address matters that are,
to different degrees, uncertain. Although the Company believes that
the assumptions upon which its forward-looking statements are based
are reasonable, it can provide no assurances that these assumptions
will prove to be correct. In connection with the "safe harbor"
provisions of the federal securities laws, including the Private
Securities Litigation Reform Act of 1995, important factors that,
among others, could cause or result in actual results and experience
to differ materially from the Company's anticipated results,
projections, or other expectations are disclosed in the Company's
filings with the Securities and Exchange Commission. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risks, and uncertainties, and
by reference to the underlying assumptions.

PNG Ventures, Inc.
Kevin Markey, 214-634-6246
Interim CEO

[SW Investor]

Dennis McLaughlin strikes again. He sold the LNG sub to himself now that he controls PNGX and has moved it back to the same office building in Dallas where Mac Group. Earth Bio fuels, Blue Wireless and Data and Apollo Resources are all located. All of the companies are DEAD. McLaughlin and his cronies will be selling into the market as fast as they can. WHAT A SCAM!

[BUBBA]

PNGX 1500 trades at $2.50 ask so far today.

[mrgecko01]

buy on the dips sell on the rips she's going lng plant things are about to happen....

[Cajunrich]

PNGX im up 100% lets rock!

[BUBBA]

PNGX $3.75 +1.75

[BUBBA]

PNGX news! PNG Ventures Signs Binding Letter of Intent to Acquire LNG Plant and Operations from Earth Biofuels Subsidiary
Tuesday June 10, 7:00 am ET
Agreement to Close by June 30, 2008


DALLAS--(BUSINESS WIRE)--PNG Ventures, Inc. (OTCBB:PNGX - News) announced the execution of a binding letter of intent with Earth Biofuels, Inc. (OTCBB:EBOF - News) whereby PNG Ventures has agreed to purchase a 100% ownership interest in Earth Biofuels’ wholly-owned subsidiary, Earth LNG, Inc. (“Earth LNG”).
ADVERTISEMENT


Pursuant to the terms of a binding letter of intent, PNG Ventures is to acquire 100% ownership of Earth LNG and all of its subsidiaries, including Applied LNG Technologies, LLC (“ALT”) and its production facility located in Topock, Arizona. PNG Ventures and Earth Biofuels have agreed to use best efforts to close the transaction on or before June 30, 2008, and have agreed to a break up fee to be paid to PNG Ventures in the event the transaction does not close. The final closing shall be subject to the approval of: (i) Earth Biofuels’ shareholders, senior secured lenders and its Series A Preferred Stock shareholders; and (ii) PNG Venture’s shareholders. The complete terms of the binding letter of intent have been filed as an Exhibit to the current report on Form 8-K filed with the United States Securities and Exchange Commission on June 5, 2008.

Kevin Markey, interim CEO of PNG Ventures stated, “The execution of the binding letter of intent with Earth Biofuels is PNG Venture’s first step towards building a platform to deliver affordable clean energy solutions to the western part of the United States and beyond. Although we have just begun the process of closing this transaction, we are confident that we have the right partners in place who are committed to building shareholder value and managing this dynamic and growing business. Earth LNG and ALT’s customers will continue to receive the superlative service to which they are accustomed and upon which they rely.”

Mr. Markey added, “LNG is a clean technology fuel that is derived from natural gas, a feedstock that is abundant in our country. Unlike ethanol, LNG is a high-BTU per gallon fuel that is not dependent on a food-based feedstock. Today, high gas prices are being met by equally high food prices due in part to our energy policy which provides incentives for corn-based ethanol production. Increasing LNG use is a common sense approach for Americans to keep their energy dollars in the US, use a fuel that does substantially less damage to our environment, and buy an alternative fuel that does not compete with and in turn affect the price of food products consumed by Americans.”

Presently, PNG Ventures, Inc. has approximately 418,309 common shares issued and outstanding and no preferred shares issued.

About Earth LNG


ALT’s Topock, Arizona plant is one of only five vehicle-quality LNG production facilities in the US.
The feedstock for LNG is natural gas, a natural resource that is abundant in North America.
As a fuel, LNG produces less greenhouse gases, particulates, oxides of nitrogen and toxins than ethanol, gasoline and diesel.
LNG is about 61% less expensive than gasoline and diesel fuels on a BTU basis.
ALT sells its product to some of the largest industrial fleets and municipalities on the west coast.
Forward-Looking Statements Disclosure

This press release may contain “forward-looking statements” within the meaning of the federal securities laws. In this context, forward-looking statements may address the Company’s expected future business and financial performance, and often contain words such as “anticipates,” “believes,” “estimates,” “expects,” “intends,” “plans,” “seeks,” “will,” and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. In connection with the “safe harbor” provisions of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, important factors that, among others, could cause or result in actual results and experience to differ materially from the Company’s anticipated results, projections, or other expectations are disclosed in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risks, and uncertainties, and by reference to the underlying assumptions.



Contact:
PNG Ventures, Inc.
Kevin Markey, 214-634-6246
[e-mail]

--------------------------------------------------------------------------------
Source: PNG Ventures, Inc.

[startingboy]

PNGX 8k filing Aug 27, 2007 http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5392853

BuglessBeds.com, Inc?????

mr. baum patent
http://www.allbusiness.com/services/business-services/4318170-1.html

Publication: Business Wire
Date: Wednesday, April 11 2007
Subject: Home furnishings industry (Intellectual property), Selling


SAN DIEGO -- Mark L. Baum, Esq. is pleased to announce that the United States Patent and Trademark Office ("USPTO") has issued and published US Patent Number 7,198,313 entitled "Home Furnishing and the Like Mobile Selling Systems and Methods."

Commenting on the patent issuance, Mr. Baum

stated, "I am pleased that after more than three years, the USPTO has acknowledged the uniqueness of my invention and method and has issued this important patent. The patent issuance is especially gratifying as the mattress and furniture business is an industry that I dedicated myself to understanding while growing up in Houston, Texas. As a teenager, I often found myself trying to design a better way to make a better mattress. Ultimately though, I came to believe that there would always be many companies competing in the mattress design arena. This has proven to be true as air and foam mattresses have created a revolution in the consumer mattress business, dramatically taking away marketshare from traditional innerspring mattresses. The greater challenge was to design a new way of selling mattresses. Years later, the product of my effort is US Patent Number 7,198,313."

"My patent and the execution of our related SleepTruck.com business model will create a revolution in the way in which mattresses are ultimately sold to consumers. Having been deeply involved in the mattress business for more than two decades, there are three things I have observed and which I believe to be true: (1) the owners of retail mattress stores, including chain stores, are very slow to adapt new technologies; (2) consumers are becoming ever more "busy" and often do not have the time to "shop around" all over their towns and cities in order to save very small amounts of money on a product that they are often unable to even compare from store-to-store; and (3) a mattress is a unique consumer product that is best purchased in person. Our SleepTruck.com business model is going to provide consumers, through our best-in-breed local partners around the country, with a time-saving way to buy the highest quality mattress and bedding products at the lowest possible prices with the very highest standards of service."

Mr. Baum concluded, "When fully implemented, the SleepTruck.com business model, which has been successfully working for many years in Houston, Texas, will provide consumers all over the United States with a new way to buy mattresses, as well as bedding related items, including linens and pillows. Over the coming months, we intend to work on parallel paths by developing our technology for scale, working with suppliers and potential partners and beginning to enforce our significant intellectual property rights."

http://www.bcgu.com/pages/WhoWeAre.asp

[atout]

Not a shell per 10QSB on 11/14/2006.