MKTSQ.PK n/k/a Baker & Taylor Marketing Services
Baker & Taylor have acquired MKTS out of BK, inculding thier UK & Mexico operations as well, Baker & Taylor serves customers in 125 countries, Baker & Taylor are a privte co, and with this acquistion they can now become a publicly traded company throught this acquisition!
Baker & Taylor Forms New Group
With the completion of the purchase of the wholesale operations of AMS, Baker & Taylor has formed Baker & Taylor Marketing Services to sell titles into the warehouse clubs. The purchase also included AMS's wholesaling operations in the U.K. and Mexico.
AUTHORIZED SHARES: 100,000,000
Shares Outstanding: 19.40M
Baker & Taylor Inc.
Advanced Marketing Services
Baker & Taylor acquires book distributor
Charlotte Business Journal - March 19, 2007
Baker & Taylor Inc. has acquired the wholesale operations of Advanced Marketing Services Inc., a California distributor of books to membership wholesale clubs.
Baker & Taylor will operate the warehouse-club business under a new brand, Baker & Taylor Marketing Services.
Baker & Taylor also acquired Advanced Marketing's wholesale distribution operations in the United Kingdom and Mexico.
Financial terms of the deal weren't disclosed.
Charlotte-based Baker & Taylor is a distributor of books, videos, music and electronic games to the library and retail markets. The company is owned by a private-equity investment fund organized and managed by Castle Harlan Inc. of New York.
Founded in 1828, Baker & Taylor serves customers in 125 countries.
The Asset Purchase Agreement, as amended, reflects the terms and conditions of the purchase by Baker & Taylor, Inc. of the majority of the Company's assets, as publicly announced by the Company on March 21, 2007.
AMS filed a voluntary petition under Chapter 11 of the Federal Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The Chapter 11 proceeding does not include the Company’s international subsidiaries in the United Kingdom, Mexico and Australia. More information concerning the proceedings can be found by clicking on the link “selected chapter 11 Bankruptcy proceeding documents” on the left hand navigation.
AMS is delinquent in filing with the Securities and Exchange Commission the following periodic reports: (1) Forms 10-Q for fiscal year 2004; (2) Form 10-K for fiscal year 2004; and (3) Forms 10-Q for fiscal year 2005. Until the Company files those reports, investors should read the public announcements that the Company issues from time-to-time disclosing financial and business information. In view of the restatement of financial statements that was publicly announced on January 14, 2004, investors should not rely on the Company's Form 10-K for fiscal year 2003 or any previous filings on Forms 10-K or 10-Q.
The trading of AMS' common stock was suspended from trading on the New York Stock Exchange ("NYSE") effective at the opening of the market on April 19, 2005. The NYSE de-listed our stock effective June 30, 2005.
AMS' common stock now trades in the Pink Sheets under the symbol MKTS.PK. Information about the Pink Sheets is available at www.pinksheets.com.
This is NOT like the pump and dump Q stocks you've been seeing around IHub lately that have 0 volume for years and then 100m shares hits on pump and dump day, every day, slow and steady for 6 WEEKS STRAIGHT
MKTSQ- a unique opportunity to make 1000%, or lose 100%!! With Q stocks hot for whatever reason, this developing story could become IHub front page news overnight- but as with any stock, only the ones who get in first on the ground floor of the story get the maximum payout potential.