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grabbed some at .17 should be alot higher
Low volume and up 13%, this is the sleeper of the week. Last run to $.32, chart looks great.
http://stockcharts.com/h-sc/ui?s=aqua&p=D&yr=0&mn=3&dy=0&id=p92378082891
There are two companies by the name - Sky Electronics.
http://www.skyelectronics.com/
Our guys is www.skyelec.com
Both sort of seem to have similar business. Which one is which? Which one's real?!!
That Explains The "leak" Yesterday. Great News../
AQUA AquaCell Technologies Signs Letter of Intent to Acquire Sky Electronics, Inc., a Leading OEM Distributor With Annual Revenues of $20 Million
RANCHO CUCAMONGA, CA -- (MARKET WIRE) -- January 17, 2007 -- AquaCell Technologies, Inc. ("AquaCell") (PINKSHEETS: AQUA) announces today that it has signed a letter of intent to acquire Sky Electronics, Inc. ("Sky") (www.skyelec.com). Sky's annual revenue is approaching $20 million, is profitable and has demonstrated 30% growth year over year. AquaCell will acquire Sky for $4.5 million in consideration consisting of cash and AquaCell common stock.
Sky is a distributor of OEM original products of network gear and server products from the world's leading manufacturers. Through its network of global sources Sky distributes new OEM original packaged products without franchise distribution costs, which provides Sky's customers with access to OEM products at a reduced cost as well as with same day shipping. As a result, Sky has significant margin opportunities and a large customer base.
"Sky has demonstrated its ability to separate itself as a nationwide leader in providing its customers with attractive pricing and delivery of innovative technologies in this rapidly growing market segment of OEM packaged products," said Kevin Spence, AquaCell President and Chief Financial Officer. "Solution providers are increasingly turning to alternative sources and specialty distributors which is making this market segment extremely attractive. Sky is poised to become a significant leader in this multi-billion market."
"Sky's future is focused on providing our Value Added Reseller customer base with superior pricing, service, and new OEM product solutions," said Dan Rickabus, CEO of Sky. "The acquisition of Sky by AquaCell will allow Sky's management team to focus solely on this goal and provide a terrific platform and opportunity to consolidate this fairly fragmented industry segment."
AquaCell had previously announced the signing of a letter of intent to acquire Citation Publishing, Inc., an internet publisher of government information of interest primarily to Environment, Health and Safety compliance professionals. "While in no way have we lessened our future interest in Citation," said Kevin Spence, "we will be concentrating our full-time efforts in the near-term in getting the Sky acquisition closed. Sky's size, profitability and compelling industry nature has completely re-focused our acquisition priorities," said Spence.
About Sky Electronics, Inc.
Sky is a non-franchised stocking distributor of OEM original products. Through its network of global sources and manufacturer's products, Sky provides its customers with new OEM original packaged products without franchise distribution costs, with greater flexibility in policies and procedures, and access to millions of products and same day shipping. Sky is recognized as the low cost distributor of new packaged products, without sacrificing quality, technology or on-time delivery.
About AquaCell Technologies, Inc.
AquaCell Technologies, Inc. is based in Rancho Cucamonga, CA. Historically, its AquaCell Media, Inc. subsidiary installed its patented self-filling Aquacell 1000 Bottled Water Cooler Systems free of charge into various locations. AquaCell's direction will now be focused on the acquisitions and growth of Sky and other similarly related businesses.
Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; and our ability to use the most current technology for our products.
Contact:
Investor Relations:
(909) 987-0456, Ext 27
Filings!
Form 4 -- Statement of changes in beneficial ownership of securities.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001114655&owner=include&c...
Hey! We are alive and kicking today. What's the deal?
Someone sold 1500 shares for .10? What was that about?
It looks like the Mcphee deal is going south
big sell off of stock today in AQWT. 19 down to 10
Looks like the water is boiling right out of this stock lol
They seem to be in a reorg right now
They are hiring a COO to handle the day to day interface and it looks like the AQWT deal is going to happen but don't know what the specifics of that deal are.
Did you talk to someone from AQUA? I tried calling twice in the last few days. I was told someone would return my call but never got a call back.
Absolutely nothing!
Kevin found a way to win big, he gets to keep citation and he got a second job at AQUA, actually 2 jobs, AQWT. So he gets paid by both around $165K and he still owns his company citation.
per the agreement, he cannot sell citation for 1 year.
we the stock holders got screwed.
he got 1.5 million shares of each AQUA and AQWT to sell immediately.
it would be a safer bet that AQWT is going to do better then AQUA because the merger did not go thru and that AQWT is the actual water processing company that he has all the experience with from US filter days.
have a happy day
AQWT is doing better then AQUA today
I think its because this its the foundation of the AquaCell company. Its a business to business company and not a advertisement company.
AQUA really needs this merger with citation to make it a web based adsense company. imo
MN1.com Mentions AQUA
kate Delaney speaks in a positive attitude about the stock but is mistaken in thinking AQUA does the same work as AQWT.
Either case, I like the positive mention
For our sake I hope so
I read tons of this kind of welcome aboard PRs and not one has filled my pockets with gold. Only Mergers, Acquisitions are what make us money.
If there is no merger then we'll have to go really long and wait for new products.
Not so fast. We may get a PR on the acquisition of Citation soon.
"Starting today, this is a new AquaCell Technologies," said Kevin Spence, President and Chief Financial Officer of AquaCell. "I am looking forward to spearheading the aggressive acquisition strategy we are developing to provide AquaCell with rapid growth."
This is going to suck! no merger
They just hired him and he now gets paid and keeps his company Citation.
I know he was good for AQWT the water processing side of the biz but as for advertisement bottle AQUA I'm not sure how he's going to turn that around unless he make them another water bottle sports drink company.
You'd think this stock would move after a purchase of 500K of common and a gift a 1 million. ;-(
Gapping at 0.13/0.15
Gapping up a little this morning.
AQUA news out. Following news release showed up in YAHOO
Kevin Spence Hired as President and Chief Financial Officer of AquaCell Technologies
Friday January 5, 7:00 am ET
AquaCell Technologies to Take a New Direction
RANCHO CUCAMONGA, CA--(MARKET WIRE)--Jan 5, 2007 -- AquaCell Technologies, Inc. (Other OTC:AQUA.PK - News) announced today that Kevin Spence has joined the Company as its new President and Chief Financial Officer, under a five-year employment agreement.
"Starting today, this is a new AquaCell Technologies," said Kevin Spence, President and Chief Financial Officer of AquaCell. "I am looking forward to spearheading the aggressive acquisition strategy we are developing to provide AquaCell with rapid growth."
Mr. Spence's background makes him perfectly suited to preside over this strategy. Having served as Executive Vice President and Chief Financial Officer of US Filter, an NYSE listed entity, Mr. Spence was involved with approximately 300 acquisitions over a seven-year period, increasing US Filter's revenues from $25 million to nearly $4.5 billion. Mr. Spence participated in financing the plan, utilizing both equity and debt vehicles. US Filter was sold to French conglomerate Vivendi for $6.2 billion.
Prior to joining US Filter, Mr. Spence was an audit partner at KPMG Peat Marwick. He graduated with a Bachelor of Science degree in accounting from USC and is a member of the American Institute of Certified Public Accountants.
Mr. Spence replaces Karen Laustsen as President of AquaCell Technologies, who resigned the position December 31, 2006. Ms. Laustsen will remain with the company in another capacity.
About AquaCell Technologies, Inc.
AquaCell Technologies, Inc. is based in Rancho Cucamonga, CA. Its AquaCell Media, Inc. subsidiary installs its patented self-filling Aquacell 1000 Bottled Water Cooler Systems free of charge into various locations, including retail establishments. AquaCell Media retains ownership of the coolers, and revenue is generated through "Coolertising" -- the sale of targeted advertising on the band of the cooler's permanently attached five-gallon bottle, for the promotion of products and/or services pertinent to the demographics and location, similar to the concept of billboard advertising.
Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; and our ability to use the most current technology for our products.
Contact:
Contact:
Investor Relations
AquaCell
(909) 987-0456 ext. 27
--------------------------------------------------------------------------------
Source: AquaCell Technologies, Inc.
nothing yet
but they usually press those in the morning..
they stil have to file the 8-k
but if you noticed
he is the PRESIDENT AND CFO of AquaCell Tech !!!! WHOOO YAHH!!!
and look at AQWT filing, he is the PRESIDENT & CFO..
Thats 1.5 Million Shares bought of each AQUA and AQWT
Thats great news for me... I own both..
It does not mention that Citation was purchased or am I redaing it wrong?
Just saw it too. I am expecting a PR tomorrow. GLTU!
There it is the NEWS
SPENCE KEVIN L. is now the President and CFO
gets 1,000,000 Common shares and
bought 167,000 x 3 = 500K
and a $165 Salary to boot
here's the link
http://app.quotemedia.com/quotetools/showFiling.go?name=AQUACELL%20TECHNOLOGIES%20INC:%203,%20Sub-Do....
No EOD run. But I am ready for the fireworks tomorrow.
Funny, I was just reading the same Dec. 04 PR from AQUA. I can't help to notice that part " Citation's President Kevin Spence will become AquaCell's President and Chief Financial Officer".
IMO, this is a done deal.
Here is the Dec 4 PR again.
AquaCell Technologies Signs Letter of Intent to Acquire Citation Publishing
AquaCell to Hire New President and Chief Financial Officer; Acquisition Valued at $21 Million
AquaCell Technologies, Inc. (PINKSHEETS: AQUA) has signed a letter of intent to acquire Citation Publishing, Inc. (www.citation.com) an industry leader in web hosted information technology. Under the terms of the agreement, AquaCell will acquire Citation for 21 million shares of AquaCell Technologies stock, which the parties have agreed to value at $1.00 per share. Citation's President Kevin Spence will become AquaCell's President and Chief Financial Officer.
"Citation has developed a revolutionary platform that can be greatly expanded to serve a far-reaching diverse client base," said Kevin Spence, former Executive Vice President and Chief Financial Officer of US Filter, a Fortune 500 company. "Being acquired by AquaCell gives us the ability to access the public markets to facilitate more rapid growth and gain exposure in the marketplace."
Citation's proprietary information technology platform allows the company to create and maintain state-of-the-art content specific web portal products. Its flagship portal product is CyberRegs(TM), which provides subscribers with the single-most preeminent online compliance library of environmental, health, safety and transportation regulations in a user-friendly format.
Thousands of professionals have made CyberRegs(TM) their number one choice for regulatory compliance documentation. Subscribers to CyberRegs include business professionals from Fortune 500 companies, consulting firms and other organizations.
Citation is currently developing proprietary portals for various Standard Development Organizations and has teamed with such powerful brand names as Aspen Publishing and Essential Information Systems (ESS). In 2005, Citation entered into an agreement with Information Handling Services (I.H.S.), a NYSE traded company, to market its CyberRegs product.
During Mr. Spence's tenure with US Filter, annual revenues increased from approximately $25 million to nearly $4.5 billion before being acquired in 1999 by Vivendi S.A. Mr. Spence oversaw a series of public offerings in the equity markets, raising more than $500 million in equity and $1.5 billion in debt financing.
The acquisition is expected to be finalized by the end of the year subject to a waiver of a third-party's right of first refusal, which if invoked would provide AquaCell with a breakup fee.
About Citation
Citation (www.citation.com) is an Internet publisher of government information of interest primarily to Environment, Health and Safety (EH&S) compliance professionals. It is the creator of the CyberRegs(TM) website, a highly capable but user-friendly interface to a large library of government documents. These include United States national documents, of all 50 states, and documents from 20 other countries.
The Citation document library primarily contains EH&S documents, and in some areas (especially United States national documents), coverage is more comprehensive. The CyberRegs product adds value to the documents in the document library by highly advanced search capabilities, including searching for state documents that are similar to portions of U.S. federal (CFR) documents, precise change identification, and customer driven document management features.
Citation combines cost savings and a superior product into a compelling value proposition for EH&S professionals.
About AquaCell Technologies, Inc.
AquaCell Technologies, Inc. is based in Rancho Cucamonga, CA. Its AquaCell Media, Inc. subsidiary installs its patented self-filling Aquacell 1000 Bottled Water Cooler Systems free of charge into various locations, including retail establishments. AquaCell Media retains ownership of the coolers, and revenue is generated through "Coolertising" -- the sale of targeted advertising on the band of the cooler's permanently attached five-gallon bottle, for the promotion of products and/or services pertinent to the demographics and location, similar to the concept of billboard advertising.
Safe Harbor. Statement Under the Private Securities Litigation Reform Act of 1995.
Certain statements in this press release constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements about: our ability to continue relationships with customers; our ability to offer our products at competitive prices; and our ability to use the most current technology for our products.
okay your right!
when your right, your right...
I'm want my AQUA DOLLAR!!!
We'll your right
"Citation's President Kevin Spence will become AquaCell's President and Chief Financial Officer."
The deal must of went through, he has a job at the company AQWT and per the PR policy niether can say anything about it until after today but, AQWT is the other shell of AQUA and they are not bound by the PR policy.
So, now that he has a job at $165,000 annually, 1 Million(AQWT) in common stock and 500K(AQWT) in warrants to buy common stock.
This would mean, he is getting the same deal with AQUA, getting another $165 plus the, "21 million shares of AquaCell Technologies stock".
So why is no one buying?
maybe they don't know about AQWT... lol
Well Hurrah! everyone who held out for this...
the stock is a done deal!!! imo.
this .09 price is a steal...
I'm a bit locked with TRGD stock right now ;-( so I can't buy but I'm sure you will see the rally soon before closing.
I disagree. IMO, investors are willing to forget what happened to AQUA's very recent past if Citation is aquired. If Citation is as valuable as it sounds, at least a $1.00 per share, then all hell is going to break lose after the PR.
.
I was listening to www.MN1.com and they were talking about AQUA. They think that since Kevin Spence is now the President and CFO of AQWT, then it must mean that the aquisition by AQUA of Citation is consumated.
The only way out
is for citation to do nothing, letting the letter expire and then for the next year not sell %30 of its stock nor can it be bought out during the time of 2007.
after that they would be free to do what ever without Million dollar penalty...
I'm not sure they want to go with AQUA since the CFO is now going to jail this month for SEC violations.. bad timing on AQUA's part.
It would be a good thing for Citation to get into the trading area.
We are all waiting for the PR. Hopefully it says that AQUA acquires Citation.
I believe it said .30
I don't believe this will jump the stock that much.
The PR said it would price around the .30's but that would depend on how much stock they have to give to citation for the buy out. it was a dollar value and not a fixed stock asset.
it's a good idea to buy it now at the .09 and get the jump price sell at .30
Today is the last day for invocation of first right refusal by a third party so I expect a PR either after the bell of first thing tomorrow.
Shorts were not to bad last month
12/27/06
AQUA: Short Interest UP 68.1% to 17.0K in Dec 2006
AQWT: Short Interest DN 11.5% to 9.4K in Dec 2006
either could be bought back in 1 day of trading.
AQUA does seem to be heavy on shorts right now, its the day we all get to find out wether or not this deal went thru.
Interesting detail of PR
He's basically getting the same deal as the previous CFO
but now he is actually in charge of the AQWT company as well,
since he was CFO of Swiftcomm, Inc., up till 2003, Then AppFusion Inc. Til 2006.
Mr. Spence is employed under a five (5) year employment agreement at
a base salary of $165,000 annually. He also has incentive bonus
provisions based upon increases of net sales, net income and market
capitalization over prior year's results. Further, upon execution of
the employment contract, he will be issued 1,000,000 shares of the
Company's common stock, and additionally, 500,000 common stock
purchase options at the closing market price on the date of the
employment agreement vesting over three years.
With the appointment of Mr. Spence as the President, Karen Laustsen
resigned as President, but continues as Secretary and a Director of
the Company.
I actually think the money will be in the large scale applications of water filtering and I'm buying AQWT. We'll see tomorrow if there is any information on this merger deal with citation.
AquaCell's offer in December
will expire tomorrow and I agree that it would be to citations benefit to become a traded stock. However with the bad news of the CFO being rein in January, Aquacell is going to get a lot of bad press this month.
Most likely the old CFO will have to pay the SEC the gains and then a bit more and thats it. Right now he owns about 1/4 of each company so we can expect a sell off to pay the lawyer fees and the ill gotten gains of the IPO.
As for todays news, I wonder why they only mention him as CFO of the AQWT, when in the past, the CFO is always of both AQUA and AQWT. after the pres and CEO are for both.
I hope not. There is still the matter of 1 million dollars break up fee by Citation if it does not go through. This AQWT news may actually be positive for AQUA.
Looking the what they do
AQUA is really trying to get a better grip in the advertisement biz, while AQWT is really a Water Filtration company in a large way.
If your wanting to invest in a merger that makes sense, AQWT is merging with a water supply company,
While AQUA is merging with a web hosting and design company.
since there is a somewhat expensive withdrawl clause in this merger, I beleive it will happen, but we will have to wait a bit more for the expiration date of tomorrow to really know for sure.
What about the Citation deal, does that mean it is dead???
Weird how this company does things!!
What about the aquisition of Citation by AQUA?
NEWS FOR AQWT.
Kevin Spence, Former US Filter Executive, Joins Aquacell Water as President and Chief Financial Officer
Former US Filter CFO Hired by Aquacell Water Under Five-Year Employment Contract
Aquacell Water, Inc. (PINKSHEETS: AQWT) announced today that it has hired Mr. Kevin Spence as its President and Chief Financial Officer under a five-year employment agreement.
Mr. Spence previously served as Executive Vice President and Chief Financial Officer of United States Filter Corporation (US Filter), a Fortune 500 and NYSE listed company (former trading symbol USF), the leading global provider of industrial and commercial water and wastewater treatment systems and services. Under Mr. Spence's tenure, from 1992 to 1999 US Filter's annual revenues increased from approximately $25 million to nearly $4.5 billion through both internal growth and approximately 300 acquisitions, while its employee base worldwide grew from 200 to nearly 30,000. Mr. Spence directed public offerings in the equity markets, raising more than $500 million and raising public debt totaling $1.5 billion, prior to selling the company to Vivendi for $6.2 billion.
"I'm thrilled to once again have the opportunity to be involved in the water industry," said Mr. Spence. "The water industry continues to have the potential for significant growth and we are currently in the process of finalizing our formal acquisition strategy." Mr. Spence continued, "US Filter was a great success story, and with the added benefit of experience, I believe our strategy for growth and profitability for Aquacell Water will be very rewarding."
Mr. Spence graduated with a Bachelor of Science degree in accounting from the University of Southern California, and is a member of the American Institute of Certified Public Accountants. Prior to joining US Filter, Mr. Spence was an audit partner at KPMG Peat Marwick.
Mr. Spence replaces Karen Laustsen as President of Aquacell Water, who resigned the position December 31, 2006. Ms. Laustsen will remain with the company in another capacity.
About Aquacell Water, Inc.
Aquacell Water, Inc., headquartered in Rancho Cucamonga, CA, designs turnkey water filtration and purification systems for municipal, industrial, commercial, and institutional applications around the world. The Company specializes in arsenic removal systems in association with media manufactured by The Dow Chemical Company. Aquacell's services include evaluation, design, engineering, manufacturing, installation, training and service.
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AquaCell Technologies, Inc.
Engaged in the manufacture and sale of products for water filtration and purification through its operating subsidiaries, Global Water Aquacell, Inc. and Water Science Technologies, Inc.
CEO: James C. Witham
Address: 10410 Trademark Street, Rancho Cucamonga, CA, US 91730
Telephone: (909) 987-0456
Fax: 909) 987-6306
Website: http://www.aquacell.com
Email: investorrelations@aquacell.com
Employees: 20
Outstanding shares: 27.91 m
Float: 24.08 m
http://www.citation.com
President: Kevin Spence
About Citation
The goal of Citation™ is to provide business professionals with the single-most preeminent online compliance library of environmental, health, safety and transportation regulations. In fulfilling its commitment to this goal, Citation™ offers its premier product CyberRegs™.
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