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Last Post: 12/26/2012 5:50:17 PM - Followers: 3 - Board type: Free - Posts Today: 0

Entry into a Material Definitive Agreement
The following discussion provides only a brief description of the documents described below. The discussion is qualified in its entirety by the full text of the documents.

On October 7, 2008 we and our subsidiary, AuraSound, Inc., a California corporation (the "Subsidiary"), entered into a non-binding letter of intent with GGEC America Inc. ("GGEC") pursuant to which GGEC will purchase from us shares of our common stock which, immediately following the consummation of the purchase and sale, will represent approximately 55% of our issued and outstanding shares of common stock (the "Transaction"). GGEC will pay approximately $3 million for these shares.



May 13 /PRNewswire-FirstCall/ -- AURASOUND, Inc. (OTC Bulletin Board: ARAU - News; "AuraSound") announced today that its board of directors has approved definitive transaction documents for the purchase by GGEC America, Inc.

GGEC is in the fianl stages of its due dilience review and has indicated a desire to close the transaction prior to June 30,2009.

Arthur Liu, Chairman and CEO of AuraSound, made the announcement, noting: Guogong

Electronic Co., a Chinese company that owns GGEC, has been our primary supplier since November 2007 and we

are excited that they value our strategic direction, marketing and product designs sufficiently to become our partner

for  the future. We have already begun to see our products gaining recognition as a result of our relationship with GGEC

 

Announced 05/13/09
3.00M for AuraSound, Inc.
Private Placement

AuraSound, Inc. (OTCBB: ARAU) announced a private placement of common shares for gross proceeds of $3 million on May 13, 2009. The transaction will include participation from Guoguang Electric Co., Ltd. The investor will acquire 55% stake in the company in this transaction.

002045's price was unchanged after the transaction was announced on 05/13/09.
Investor / Buyer
Guoguang Electric Co., Ltd.

                        

 

Business Information

This company profile is for the private company Ggec America, Inc , located in Orange, CA. Ggec America, Inc's line of business is whol electronic parts/equipment.

Address: 770 Citydrive S Ste 8500, Orange, CA 92868

President

 Jiaxi Huang

 

GGEC in China

www.ggec.com

Shenzhen: 002045.SZ

finance.yahoo.com/q

 

 

 

Good Sourcing

 

www.dev.goodsourcing.com/main/exec/more/mod/corp/uid/0fe3e5e3a2f1uwv4

 

ARAU  as per pinksheets.com

 SEC Reporting Company

Est Market Cap

2,105,398 as of Jun 17, 2009

Outstanding Shares

28,071,972 as of Nov 12, 2008

 float near 14 million

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#17   ARUZ changed to ARUZQ: Renee 12/26/12 05:50:17 PM
#16   Nice Credential for ARUZ Chief Engineer: dayneyus 11/22/10 11:02:43 PM
#15   1-6 R/S flptrnkng 11/12/09 01:03:55 PM
#14   The Following have made changes to their Authorized tony montana 11/06/09 11:24:44 AM
#13   Still alive...Its a slight heart beat, but at StockJoker 08/12/09 06:48:37 PM
#12   talk about stock death... Malak 07/13/09 10:42:36 AM
#11   You can say that again...They don't come along StockJoker 07/01/09 09:57:21 PM
#9   Back in the Saddle Again XCastle 07/01/09 01:20:45 PM
#8   This is an interesting event, I'm looking at piratetrunks 06/29/09 09:15:47 AM
#7   My best guess at the moment is $1.80/$15.00 StockJoker 06/26/09 08:52:33 PM
#6   I'm looking for some where around .60 eps StockJoker 06/26/09 08:36:00 PM
#5   Grats on your pick there stockjoker, piratetrunks 06/26/09 06:58:26 PM
#4   Very Nice..Booya baby...This is far from over..This is StockJoker 06/26/09 05:15:37 PM
#3   Pretty wild situation here - congrats if you Malak 06/26/09 03:47:37 PM
#2   I believe what we have here is a StockJoker 06/18/09 06:33:57 PM
#1   Do some Due Diligence before investing StockJoker 06/17/09 09:00:43 PM
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