What's New? 2 Mergers Complete
Sanwire Corporation Completes the Sale of Its Two Subsidiaries
TULSA, OK / ACCESWIRE / August 26, 2014 / Sanwire Corporation (SNWR) ("Sanwire" or the "Company") is pleased to announce thesale completion of its two subsidiaries, Oklahoma-based Aeronetworks LLC ("Aeronetworks") and Nevada-based iPTerra Technologies Inc. ("iPTerra"), to Seven Arts Entertainment Inc. (OTCQB: SAPX) ("Seven Arts") as announced on July 22, 2014.
Sanwire's common stock shareholders of record at the close of business on July 16, 2014 ("Record Date") will be eligible to receive one (1) Seven Arts Series Dconvertible, redeemable preferred stock ($100 par value) ("Preferred Stock") for each 3,102.68 Sanwire's common stock shares. Fractional Preferred Stock will be rounded up. Sanwire shareholders holding Seven Arts Preferred Stock can convert to Seven Arts common stock shares on or before December 31, 2014. The conversion ratio is based on Seven Arts common stock share price at time of conversion.
As at Record Date, Sanwire's common stock issued and outstanding (including all reservations) is 93,080,415 shares.
To receive Seven Arts Preferred Stock, Sanwire shareholders are requested to follow the following procedure:
(1) If the Sanwire common stock shares are in a physical certificate, Sanwire shareholders are required to send a copy of the certificate (front and back) to Sanwire's stock transfer agent.
(2) If the Sanwire common stock shares are in a brokerage account, Sanwire shareholders are required to ask their brokers to send a letter (on brokerage firm letterhead) confirming the number of Sanwire common stock shares owned as at the Record Date to Sanwire's stock transfer agent.
(3) Whether the shares are in physical form or in a brokerage account, Sanwire shareholders must provide the following information to Sanwire' stock transfer agent:shareholder name, complete address, telephone number, and one of the following SSN, SIN, corporate or tax identifier.
(4) Once all required information is received, Sanwire will coordinate with Seven Arts stock transfer agent to process and issue all Preferred Stock certificates, which will be directly mailed to Sanwire's shareholders to the address provided.
Sanwire's stock transfer agent contact information:
President Stock Transfer
515 West Pender Street, Suite 215
Vancouver, BC V6B 6H5 Canada
Phone: (604) 876-5526
Fax: (604) 876-5564
LOS ANGELES, CA / ACCESSWIRE / July 22, 2014 / Seven Arts Entertainment Inc. (OTC Pink: SAPX) ("Seven Arts" or the "Company") and Sanwire Corporation (OTC Pink: SNWR) ("Sanwire") are pleased to announce the execution of a definitive Stock Purchase Agreement (the "Agreement") under which Seven Arts will acquire Sanwire’s two subsidiaries; Oklahoma-based Aeronetworks LLC (“Aeronetworks”) and Nevada-based iPTerra Technologies Inc. (“iPTerra”). Closing is expected to be in the next few weeks.
Aeronetworks (www.aeronetworks.net), a pioneer in TV White Space and 4G/LTE, provides advanced wireless communications, broadband services, and video streaming technologies to niche and under-served markets. Revenue for the year ended Dec 31, 2013 was approximately $462,000 (unaudited), and the first four months of 2014 was approximately $251,000 (unaudited).
iPTerra (www.ipterra.net) is a designer, developer, manufacturer and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution. iPMine, iPTerra’s flagship product, allows mine operators to communicate, track, locate, identify, and monitor miners and equipment. iPTerra is pre-revenue.
Seven Arts CEO Kate Hoffman stated: "In light of the difficult conditions in the motion picture industry, our management team developed a strategic plan to diversify our business to include video streaming and wireless communications which are becoming more prevalent in the film and music industries. We believe these two acquisitions will broaden our business plan and position Seven Arts for future growth with a diversified revenue stream. Seven Arts is committed to expanding its inventory of operating subsidiaries, and will continue to look for complementary opportunities to vertically integrate its portfolio of film, music, and wireless assets."
Pursuant to the Agreement, Seven Arts will acquire all the capital stock of iPTerra and all the membership interests in Aeronetworks from Sanwire in return for the Company’s Series D Preferred Stock converting into approximately 40% of the Company’s common stock and assumption of approximately $2,905,000 in convertible notes. Aeronetworks and iPTerra will operate as wholly owned subsidiaries of Seven Arts.
Post closing and pursuant to the Agreement, Mr. Rick Bjorklund, Sanwire’s current chairman of the board, will be appointed as Seven Arts’ new Chief Executive Officer, and Mr. Robert La Salle as Chief Financial Officer. The Company’s new board of directors will be (a) Mr. Rick Bjorklund (director and chairman), (b) Mr. Bob Riggs (independent), and (c) Mr. Anthony Hickox (independent). ##### chart ~ source: eoddata.com ##### company info ~ source: otcmarkets.com Link: http://www.otcmarkets.com/stock/SAPX/company-info Ticker: $SAPX Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001408276&owner=exclude&count=40 Latest filings: http://www.otcmarkets.com/stock/SAPX/filings Latest financials: http://www.otcmarkets.com/stock/SAPX/financials Latest news: http://www.otcmarkets.com/stock/SAPX/news - http://finance.yahoo.com/q/h?s=SAPX+Headlines Major holdings: http://data.cnbc.com/quotes/SAPX/tab/8.1 Insider transactions (1): http://finance.yahoo.com/q/it?s=SAPX+Insider+Transactions Insider transactions (2): http://www.secform4.com/insider-trading/SAPX.htm Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=SAPX RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=SAPX&search=search DTCC: http://search2.dtcc.com/?q=Seven+Arts+Entertainment%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1 Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Seven+Arts+Entertainment%2C+Inc. Corporation WIKI: http://www.corporationwiki.com/search/results?term=Seven+Arts+Entertainment%2C+Inc.&x=0&y=0 WHOIS: http://www.7artspictures.com Alexa: http://www.7artspictures.com# Corporate website internet archive: http://www.7artspictures.com http://www.pennystocktweets.com/stocks/profile/SAPX ##### last known share structure ~ source: otcmarkets.com Market Value: $20,406 a/o Jan 02, 2014 Shares Outstanding: 29,151,558 a/o Nov 18, 2013 Float: Not Available Authorized Shares: Not Available Par Value: Not Available ##### business description ~ source: otcmarkets.com DD Notes ~ http://www.ddnotesmaker.com/SAPX
Seven Arts Entertainment, Inc.
|NEW RELEASES |
| ||Drunkboat |
| ||Nine Miles Down |
| ||Neuromancer |
WRITERS: Written by William Gibson based on his novel & Vincenzo Natali
DIRECTOR: Vincenzo Natali
PRODUCERS: Lorenzo di Bonaventur, Julia Verdin, Jay Firestone
START DATE: Spring 2013
SHOOTING LOCATIONS: Canada + other worldwide locations
Case is a low level hustler living out his last days on the streets of the future Tokyo underground. A talented thief who broke into high security computer systems by directly linking his brain into them, he was injected with a poison which rendered him unable to interface into cyberspace. Unable to work, Case embarks on a selfdestructive path of drug addiction and double dealings, waiting for the local crime lord to collect on money and time that doesn't exist. Enter a shady businessman named Armitage who offers him the impossible: the chance to repair his neural damage and regain the life he once had. Placed under the protection of Molly, a professional killer who frees him by executing the local crime lord, Case is hired on a mysterious assignment that begins a journey out of the gutters of future Tokyo and into an ever-expanding world of multinational intrigue. It is a race against the clock as Case must complete his unfolding mission before Armitage's installed timers activate poisons in his body that will once again render him impotent.
As Case progresses through his assignments with Molly and a range of others enlisted by Armitage, he becomes aware that everyone and everything is interconnected in complex and startling ways, including all of their pasts. He begins to realize that not only are larger forces working to control his activities - his life and the lives around him are being precisely manipulated like codes in a real world program. Ultimately, Case realizes that this program is being run by Neuromancer, a far-reaching artificial intelligence using them to evolve toward a new level of unimaginable sentience. The opus ends with Case's realization that his selfish choices have been controlled by the very technology he uses. As time runs out and the poisons begin to release, Case heads into a final confrontation in which the only way to break free from Neuromancer's logic program is to make an illogical choice he has never made before: a tragically selfless act. Illogical, but defiantly human.
| ||Winter Queen |
|WINTER QUEEN |
WRITER: Gerard Soetman, rewrite by Henry
Bean; Adapted from the best-selling novel by Boris Akunin
DIRECTOR: Fyodor Bondarchuk
PRODUCERS: Thomas Hedman, Paul Verhoeven
CAST: Milla Jovovich
START DATE: Spring 2013
SHOOTING LOCATIONS: Hungary, Russia
St. Petersburg. May 1886. What would cause a talented young student from a wealthy family to shoot himself in full view of the promenading public in the Alexander Gardens?
Decadence and boredom, most likely, is what the commander of the Criminal Investigation Division of the Petersburg Police thinks, but he's curious enough to
send out the newest member of the Division, Erast Fandorin, a young man of irresistible charm, to investigate.
Fandorin - naïve and anxious to learn - vacillates between insanely bold bravery and full on fear as he throws himself wholeheartedly into this mystery. Murder and deception compete with duels and reckless gambling as Fandorin finds himself entangled in the web of the mysterious beauty, Amalia Bezhetskaya, a femme fatale who enjoys playing with the emotions of her many wealthy admirers.
Fandorin pursues Amalia to foggy London and back, getting himself in and out of deadly escapades - he's almost stabbed to death, finds himself forced into a game of Russian roulette, he's bound in a burlap sack and thrown in the Thames to drown, his memory is in danger of being erased forever and Amalia's ghost even returns from the dead to get her revenge.
Is this all about money or are the murders and the attempts on Fandorin's life part of an international terrorist plot? Is Amalia their siren-like ambassador? Should we suspect the British aristocrat Lady Astair,
founder of a string of orphanages which have greatly benefited from the wills of the murdered men?
In this nightmarish world, who can Fandorin trust? Count Zurov, Amalia's favorite lover, who challenges and kills every competitor in a duel? The overzealous Brilling, the special envoy to the Tsar who starts a brutally violent campaign against the terrorists? Are these "terrorists" even real? Or are they just a smoke screen to cover up something infinitely more ominous, a global conspiracy to dominate the world...
| ||Schism |
| ||In Development |