GRPS quickie D/D
New Position GRPS.pk .02
After a 30 minute conversation with CEO John Ohlin I came away with the opinion of a man on a mission that seemed to have the business integrity to run a company with an ethical framework for success. Some funding will be needed between now and production and he has three avenues to pursue. The main avenue is tied to the company getting accepted to become an OTC bulletin board company, therefore we can expect to see past financials being filed and the current timeline to the OTC market is set for first quarter of 2011, a timeline he feels is conservative enough to meet, at this point. The technology is fully developed and three other avenues of equity funding are available to bridge the gap between now and the OTC listing. No toxic funding of any kind is needed or wanted by this company.
Three avenues of production are scheduled for his product,
1. A well known marine manufacturer is looking to put this panel into their pontoon boats and should have an annual production of about 45,000 units per year
2. Refrigerated and Package Delivery Truck bodies: these prefabricated bodies cost less and are 40% lighter than conventional and current units available. A major package delivery company may be involved with the purchase of these units, however no other information is available to the public yet.
3. Solar Roof Panels that can free span 60 feet and has a thickness of 6 inches and an R value of R42-R47, these panels, once installed have a payback period of 2 years. Expect to see news of US patents within 2 weeks.
There will be a name change applied for shortly and there will be an investor relations individual in house within the next couple of weeks.
GRPS has recently acquired AeroQuest Technologies, Inc. in a share exchange with a name and trading symbol change coming soon. GRPS/AeroQuest Technologies Inc., is a dynamic company that has been developing and refining its technology over the past twelve years. AeroQuest Technologies won the 2007 Utah Innovations Award for outstanding new technology in the chemicals/materials category of the awards. The technology consists of the combination of fiber reinforced polypropylene composite materials with the company's patented or patent pending products including a "chassis-less" transportation vehicle patent to produce a wide variety of light-weight (30%-50% lighter) transportation vehicles (utility trailers, truck bodies, recreation vehicles, horse trailers, delivery vans etc.) These segments of the transportation industry are estimated to be $3.0 billion, annually. AeroQuest's products will redefine the market for light-weight transportation vehicles with our award winning technology that will ensure greater performance than anything in the market today. For additional information please visit our website at: www.atpanels.com or contact us at: info@atpanels.com
The number of shares or total amount of the securities outstanding for each
class of securities authorized.
As of the phone conversation 9/30/10
Shares Authorized: 100,000,000 common; 10,000,000 preferred
Shares Outstanding: 57,600,174 common; 1,000,000 preferred
Public Float: 22,000,000 (+/- 9/30/10) per CEO.
Shareholders of Record: 3,917
On April 2, 2009, the Company changed its name to AeroQuest Technologies, Inc. pursuant to
an amendment to the Company’s Certificate of Incorporation. The name change was in
anticipation of the acquisition of the assets of AeroQuest, L.C., a Utah limited liability company
(“AeroQuest”) pursuant to an asset purchase agreement dated April 15, 2009
The Company currently has 57,600,174 shares of common stock issued and outstanding.
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Gold River Productions Inc. (GRPS) Announces It Has Become a Currently Reporting OTC-Pink Sheets Company
Date : 09/29/2010 @ 12:01AM
Source : MarketWire
Stock : Gold River Productions, Inc. (GRPS)
Quote : 0.02 0.0 (0.00%) @ 4:20PM
Gold River Productions Inc. (GRPS) Announces It Has Become a Currently Reporting OTC-Pink Sheets Company
GOLD RIVER PRODS INC (OTC) (USOTC:GRPS)
Intraday Stock Chart
Today : Wednesday 29 September 2010
John Ohlin, President and Chief Executive Officer of Gold River Productions (PINKSHEETS: GRPS) Inc. disclosed that GRPS has now met the OTC requirements and is recognized as a "currently reporting" company. The Company had last been currently reporting as of the first quarter of 2008, reports Mr. Ohlin. "Since taking over as President/CEO we have been working diligently to become current in our financial and regulatory filings in preparation for a move to the OTC-BB," Mr. Ohlin stated. "Moving to the OTC-BB is a requirement of our short and long term equity financing plan and we will begin immediately with those preparations," Mr. Ohlin stated, "Moving to the BB is a stepping stone to the AMEX or NASDAQ stock markets," he said. "Our markets, products and technology are global in reach and we need to be well positioned to capitalize on our growth as we begin revenue generating operations," Mr. Ohlin stated.
AeroQuest Technologies, a wholly owned subsidiary of GRPS and the winner of the prestigious 2007 Utah Innovations Award in the Materials/Chemicals category, is poised to enter the market with its technology driven, innovative products. AeroQuest has developed "green," structural, cost effective replacements for most products currently produced with fiberglass, a material infamous for polluting the atmosphere with volatile organic compounds (VOC'S) during production.
For complete information on the Company please go to our web site www.aeroquesttechnologies.com.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing and other risks.
Contact: John Ohlin 801-523-2744
