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1. UFSI will order a minimum of one Dragonfly 6 in 1 unit for each UFSI franchise location and office to be delivered over a twenty-four (24) month period, beginning the first date of production.
2. A home delivery interface website which will be developed and operated by E-Tech Design (the Web design and hosting division of the Company), which will service the home delivery restaurants in the UFSI chain.
E-Rex, Inc. Page 18 of 55
--------------------------------------------------------------------------------
3. Subject to franchise restrictions, UFSI intends to position all current or future restaurants offering home delivery to participate in the website delivery program. Content and functionality are to be developed in conjunction with UFSI management.
4. The Company and UFSI will enter into a data sharing agreement to include the following conditions:
a) Access to the client base of UFSI at the website level or through promotions utilized in the restaurants operated by UFSI for the joint promotion of the Company products to be sold to that client base.
b) Operational income from the website project is expected to generate in excess of $300,000 per year income to the Company.
We will issue shares to Swartz upon exercise of our put rights at a price equal to the lesser of:
o the market price for each share of our common stock minus $.075; or
o 91% of the market price for each share of our common stock.
It is expected that experienced users, such as business executives and others, will purchase the unit for its portability, ease of use, convenience, and power, will join this existing base.
This base will also be joined by a growing demographic profile of older users who desire a range of functions without the necessity and complication of using a fully functional computer, and the associated peripheral devices currently needed to perform the functionality offered in the Dragonfly.
An enhanced communication center can be achieved by integration with other information appliances and computers including digital cameras, photo-printers and network servers. When bundled with these items, the product provides a complete solution for the small, home or mobile office market.
A flexible architecture, in both software and hardware, provides a mechanism for future enhancements and add-on products that branch into related markets. For example, a software enhancement for drawing and handwriting could permit stored documents to be annotated on-screen using a pen. These would appeal to students, and homemakers. The addition of a card reader could permit the unit to act as a point of sale terminal that manages purchases in a portable kiosk. This would appeal to artists and others at weekend craft festivals, etc. It is expected that these customers would prefer a more contemporary design (i.e., the appeal of the iMac's design to these groups).
The flexible hardware architecture will enable the addition of larger screens, the inclusion of a microphone and speaker, larger keyboards, and buttons. Each of these items would be required for individuals with exceptionalities.
The Company initially intends to market the Dragonfly within the United States and Canada. Current and future products will be sold directly through the Internet by utilizing by marketing to the public in general the database of current shareholders, interested parties and marketing databases of partners such as Ultimate Franchise Systems and International Investment Banking Inc. The Company also intends to offer the product through electronics distributors and OEM relationships, as well as through other avenues, such as trade shows, affiliate websites and eventually expanding into other countries.
Manufacturing and Sources of Supply. A number of reputable manufacturers produce the components used in the Dragonfly, including Intel, Microsoft, Fujitsu and Cannon. Currently, the Company does not intend to establish its own manufacturing plant. The production plan entails coordination and liaison with existing manufacturing facilities. The Company intends to install its own quality control personnel at these plants, and also intends to maintain research and development facilities in North America.
Research and Development. The Company utilized the fully equipped mechanical and electrical research and testing facilities at British Columbia Institute of Technology to produce the proof of concept prototype. The development of the Dragonfly production prototype and associated software and hardware engineering and Research and Development is being conducted under contract by Valcom, Ltd., of Guelph Ontario, Canada.
Paul R. MacPherson, 65, is the President/General Manager of Valcom, Ltd., which has taken an active role in the Dragonfly prototype development. He has served as Director of Ontario Aerospace Consortium Limited and as Director of Lanvasta Corporation. In 1999 he was appointed to the Council of Advisors Armed Forces Communications Electronics Association (AFCEA) Canada.
E-Rex, Inc. Page 17 of 55
--------------------------------------------------------------------------------
The Guelph, Ontario facility of Valcom, Ltd. is an ISO 9001 approved, ICSD security cleared facility with modern, fully equipped, electronic, electromechanical systems and equipment engineering and manufacturing plant. This state-of-the-art plant contains 65,000 square feet of floor space, with a staff of approximately 100 full-time employees performing the principal functions of the plant, including:
o Research and Development
o Systems and Custom Design
o Manufacturing
o Repair and Overhaul
o Quality Control Testing
o These functions encompass a broad range of communications and electronics, meteorological, data acquisition and electro- mechanical, systems, equipment and components.
The Company was incorporated as a Nevada corporation on August 26, 1986 as P.R. Stocks, Inc. On February 26, 1992, the Company changed its name to National Health & Safety Corporation. On November 12, 1992, the Company changed its name to Medgain International Corporation. On June 20, 1994, the Company changed its name to E-Rex, Inc. On February 20, 1999, the Company entered into a merger agreement with Plantech Communications Systems, Inc. ("Plantech"), a privately held British Columbia, Canada, Corporation. Plantech was a development stage enterprise in the software, computer and Internet area. From its inception in 1992, Plantech had no revenues. Under the terms of the merger agreement, Plantech shareholders received one share of the Company's common stock for each outstanding share of Plantech stock. The Company issued 8,137,616 shares of its common stock in exchange for all the Plantech common shares outstanding as of February 20, 1999. Plantech's results of operations are included in the Company's statement of operations from the date of merger, February 20, 1999,forward.
The Company is authorized to issue a total of 100,000,000 shares of its capital stock (Common Stock), par value $.001 per share.
The Company's principal offices are located at 8890 Coral Way, #220 Miami, Fl 33165 and its telephone number at such address is (305) 554-9903.
Recent Developments
The Swartz Transaction
On or about December 22, 2000, we entered into an investment agreement with Swartz Private Equity, LLC. Under the Swartz investment agreement, also referred to as an equity line, we have the option to sell, or "put," up to $15 million of our common stock to Swartz, subject to a formula based on stock price and trading volume, over a three year period beginning on the effective date of the registration statement, of which this prospectus is a part. In addition, we issued to Swartz a warrant to purchase 2,700,000 shares of our common stock at an initial price of $0.50 per share, subject to adjustment.. We may issue additional warrants to Swartz under the terms of the Swartz investment agreement. We describe this transaction in more detail under the caption "The Swartz Investment Agreement."
E-Rex, Inc. Page 6 of 55
--------------------------------------------------------------------------------
The Offering
By means of this prospectus, the selling shareholders are offering for sale up to 42,846,167 shares of our common stock. We are required under our contract with Swartz to initially register at least 30 million shares . We have elected to register 32,700,000 million shares, currently, which amount may need to be increased through filing additional registration statements in the future in order for us to access the full amount available under our contract with Swartz. The selling shareholders may sell the common stock at prices and on terms determined by the market, in negotiated transactions and through underwriters.
Securities Offered An aggregate of 42,846,167 shares of Common Stock.
Common Stock outstanding before offering 23,642,146 shares of Common Stock
Common Stock outstanding after offering 64,059,146 shares of Common Stock
Offering Put Options As part of the securities offered and registered
hereby, the Company has entered into a put option
investment agreement whereby the Company, at its
option, may put shares of its Common Stock to Swartz
Private Equity, LLC up to an aggregate amount of
$15,000,000. This is referred to as the Company's put
option to Swartz. See the Investment Agreement at
Exhibit 10.1
Risk Factors The securities offered hereby involve a high degree
of risk. Prospective investors should carefully
consider certain risk factors relating to an
investment in the Company. See "Risk Factors."
NASDAQ Symbol Common Stock - EREX
Market for Common Stock The Company Common Stock trades in the over-the-counter
market on the OTC Bulletin Board maintained by the
NASD.
Registration Rights The Company has agreed to provide certain registration
rights, including shelf registration and piggyback
rights, to Swartz Private Equity, LLC. The securities
offered hereby shall be offered as a shelf
registration as set forth under Rule 415 of the
Securities Act of 1933, as amended, and as agreed upon
in the Registration Rights Agreement between Swartz
and the Company. Said rights are set forth in the
Investment Agreement and Registration Rights Agreement
at Exhibit(s) 10.1 and 10.2 respectively.
Resales by Selling Shareholders This Prospectus relates to Common Shares being registered
on behalf of Selling Security Holders. The Company
will not receive any
E-Rex, Inc. Page 7 of 55
--------------------------------------------------------------------------------
cash or other proceeds in connection with the
subsequent sale. However, the Company will receive
proceeds from any sales of shares to Swartz under our
put option and upon the cash exercise of warrants held
by Swartz. The Company is not selling any Common
Shares on behalf of Selling Security Holders and has
no control or affect on these Selling Security
Holders. See "Selling Security Holders."
Absence of Dividends; Dividend Policy To date, the Company has not paid dividends on its
Common Stock and does not anticipate paying dividends
on its Common Stock in the foreseeable future. Payment
of dividends is subject to review by the Company's
Board of Directors from time to time in light of,
among other things, the Company's earnings and
financial position. See "Risk Factors."
Transfer Agent Nevada Agency and Trust Company of 50 West Liberty St,
Suite 880, Reno, NV 89501 is the Transfer Agent for
the Company's securities.
Scratch the NYSE comment. However, I think the company that will be providing the packaging and marketing, AND most importantly, the shelve space in stores, is a good fit with EREX. I am anxious to see the news release!!!!!!!
Thanks for posting the link to here. I got some when they announced the financing. Been following the adventures on RB for a while and this step meant they could afford to get it out onto the shelves.
edfrank
Well, we got 'our' 15 million. This is the first step to price appreciation. IR will start to present EREX to brokers on Jan 2, so we should see some price movement. In Jan, we will also have news of 2 more small acquisitions, and the release of the packaging/ marketing partner. (I have heard they are a 'real' company....traded on the NYSE.) So we can count on at least 3 news releases in Jan. I am also expecting the completion of the prototypes in mid Jan (although polone posted Feb.....so I am not sure.) That would make 4 releases to spark interest.
I see good things ahead for EREX.
Well, that is what I thought originally. But no. The shares that will be used for the 15million, will be registered in the SB2, but no mention of the financing will be included. Three days after the SB@, you will see the $$$$ news.
Nite..
Shouldn't the 15 million be included in the SB2?
Predictions.......SB2 on Tuesday, with a PR.
And Friday or the following monday, they will announce the 15 million. I really think EREX is about gain momentum.
Should be an interesting month of Dec, with a nice Jan.
BRAVO Mr Chairman!
Thx for keeping this Board clean!
Well, quite an exciting week! Any predictions for next week?
(:> k.
E-Rex Inc. Receives $250,000.00 Bridge Loan from International
E-Rex Inc. Receives $250,000.00 Bridge Loan from International Investment
Banking Inc.
MIAMI, Dec. 7 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX)
announced today that it has received a $250,000.00 bridge loan from
International Investment Banking Inc. (IIBI).
IIBI was retained by E-Rex Inc. to assist in corporate development,
identifying possible merger and acquisition candidates, business planning, and
financing. In addition to the $250,000 bridge loan, IIBI was able to locate a
suitable financing partner for E-Rex that is expected to provide the company
up to $15 million in equity financing. "This mezzanine or bridge loan that is
part of ongoing financing plans for E-Rex will provide interim funding to
complete the Dragonfly prototype. This funding package, as a straight loan,
does not dilute the companies stock and provides the short-term capital needed
to move aggressively forward with our development plans," commented Carl
Dilley President and CEO of E-Rex Inc.
The company plans on announcing the completion of the $15 million
financing agreement and file the SB-2 within the next few days.
E-Rex Inc. is a technology company designing and producing stand-alone
peripherals and direct Internet access products. The Company's flagship
product is the DragonFly. The DragonFly is a portable, multi-function color
printer, copier, fax, E-mail, Internet and scanner.
For further information on E-Rex Inc., please visit the Company's web
site, www.E-Rex.net and access the Company's latest filing on
www.freeedgar.com.
Additionally for personal contact and further information please call:
Marc Jablon of Stockbroker Presentations, Inc. 1-800-546-7950.
Note: Certain statements in this press release are "forward-looking
statements" within the meaning of the private Securities Litigation Act of
1995. Such statements involve known and unknown risks, uncertainties and
other factors that may cause results to differ materially. Such risks,
uncertainties and other factors include, but are not limited to, changes in
general economic conditions, risk in product technology developments, market
acceptance of new product and continuing product dementia, level of
competition and other factors described in the Company's Reports, prospectuses
and other filings with the Securities and Exchange Commission.
SOURCE E-Rex Inc.
-0- 12/07/2000
/CONTACT: Marc Jablon of Stockbroker Presentations, Inc., 800-546-7950/
/Web site: http://www.e-rex.net/
(EREX)
CO: E-Rex Inc.; International Investment Banking Inc.
ST: Florida
IN: CPR MLM
SU: FNC
*** end of story ***
Dont expect the SB2 on Fri. EREX is waiting to add a bridge loan to the SB2, and apparently there is a delay in the funds being available in the individual's account. (maybe polone can add more to this?) This should be cleared up, well yesterday, so it may have happened today, maybe friday. After this occurs, the SB2 can be filed. I am hopeful for Fri, or Mon, but maybe as late as Wed. I really dont know. I will call Carl again on Monday and get an update. I would suggest that some of you might wish to call him? I know this is the last thing we need to hear, but I have been assured that the 15 million is in fact a "done deal".
Oh ####, Ill call Carl in the morning.
Yes, there was. In fact apparently I mis-heard. The Datamouse is the 'other wireless device', except that its not wireless.
As for the Datamouse, I really didnt ask much, as I realy dont care. I want the Dragon fly completed.
The way it should play out is this....
IR (whom I have little faith in) has been getting slammed through their own incompetence or miscommunication with management. It is their job to push this stock to individuals, but more importantly, to BB brokers. Supposedly they have been doing this but through the blunders of news is coming and then it does not, their credibility is suffering with these brokers.
A classic boy that cried wolf story.
That said, once the financing is a done deal (which should be any day now according to Carl via Khris) then these brokers (and individuals will see that EREX just might be for real and shine a whole new light on things.
The money should also give the suppliers, such as MS and Canon, a little better feeling about this little BB company and in turn, open the door a little wider.
This is the scenario I am hoping for and expecting with anticipatory glee. LOL!!
Ty
Khris.....It's very refreshing to get back to a level of reality. Like a breath of fresh air! Thanks!! From what I can tell, the SB2 seems to be getting close. I would guess either this Friday or the first of next week at the latest. Sounds like they're finally getting the pieces in place to get things rolling. Just wish I had more $$$.........lol
Yes minque, I know about the board, I just haven't felt the need to post anything. Plus with Khris as the chairman he might remove my posts if they get too personal.
Smitty thanks for keeping us informed. One request though, next time choose to keep us informed about a stock that's headed up. Not that I'm complaining.
Nitetrade....
In your conversations with Mr. Dilley, was there any mention of progress on the "datamouse" or revelations regarding "the other wireless device". Just curious.
Mike
aka "happyland"
jstick
last ten trades show transactions at .34, last trade of the day for only 500 shares ($140.00) most other trades were from .34 to .43 and much larger volumes from what I can tell.......Rook
EREX took quite a beating today. What gives? I was a little concerned when I logged on today and saw the price down to .28 I wish I held on until now to buy but I am cashed out.
Hello nitetrade. I have followed the Raging board for about 9 months now but never posted because their system would not let me log on and they never helped me even after I asked several times(5 times). They just kept telling me what my password was and I could never successfully logon. I guess they didn't care. It used to be a great board until a certain pyscho ruined it.
minque...
Khris started this thread to get away from those that know him. So much for that eh?
;)
Ty
It sure is nice to read informative posts for a change! Just wanted to thank you........Rook
Wow, nitetrade you are a "Chairman"
Nice this board is here. It certainly would be great if we got financing news by Friday.
Does Gotaski know about this board? :)
minque
The terms have not been released. However, from what I understand EREX does not intend nor sees the need for the entire 15 million. They will draw on the convertible when needed.
I hear the terms are not bad. No more than 9% less than that months lowest ask is to be the rate; which sounds fine to me.
I have also been told that the details will be explictly provided in a PR.
BTW....there is a good chance it was signed today. Carl was going to meet the finacing party today. Which, if I am correct, means we should get the PR and SB2 on Fri.
Nitetrade:
Good report.Do you have any idea if this proposed,and I might add needed financing,is to be in exchange for stock?And if so under what terms?It would seem to me that 15 million dollars at today's market prices would create a huge dilution,like more than doubling the amount of outstanding shares.
Obviously EREX can't go on without these funds,and I could use some information as to how they intend to do it.
Thanks for shedding some light on this subject.
futrcash
EREX call:
144 stock? Mark Mcdonald has been selling the Doctor' s stock to help him pay the bills. You can expect to see a registration every 3 months until he is out of stock. This says nothing about his perceived value of the stock. He simply must sell to eat.
15 million? NOT a Guarantee, but we can expect renewed confidence before Dec. 1, with the financing package being filed in the SB2. The 'house' providing the financing is precluded from shorting the stock, and in fact will be addding it to some of it's bb tech mutual funds. Many of us will recognize the brokerage house name.....many may not?
Valcom? We are in good standing at the company, and they are still working on the Dragon. It is proposed that Valcom will not only build the Dragon, but that they will also provide Tech customer service, warranty repairs, and exchanges.
SB2? It was delayed due to the 10Q (not the current one) not having the info inregard to to the Webulate acquisition, the UFSI deal, and the convertible. A mid-term 10Q could have been prepared, but this is costly; and the convertible was not yet complete. All of this would have had to have been completed by July to ride the old 10Q....it obviously was not.
They were also looking into other financing.
Comdex? He attended to check on different distribution avenues, check on other competition, check on potential components, and check into different software solutions for the Dragon.
Printer drivers? Canon is dragging their feet. They have only one OEM customer (HP), and have effectively closed their OEM division. Getting the needed tech from Canon is like pulling teeth. You have to look at it from their point of view: Some BB company, with $5000 in the bank, wants Canon to give up company secrets, so they build a ....a what? With the 15 million, the door should open. I did not ask the next logical question....are any other suppliers presenting the same problem?
Ok thats it. I really think this is the beginning.....and we were all too early. BUT we are here now, and this is a good price to enter the stock.
I lean more towards develop a working prototype, then sell/license the rights or a take over.
Have a good one, (:> k.
Thanks for the new board Khris!
...And thanks for sharing your info. I'm very, very bullish at this point, buying LU and EREX with equal interest this morning. Buying opportunities abound!
Happy Thanksgiving,
-Cap'n E
Here is the way I see it. There is little chance that EREX will be able to build, market, sell, and support such a sophisticated appliance. The only chance they have at being successful is to contract out all of these functions. They have Valcom, and a marketing firm has been hired (rumor).
I feel that the people in charge are very sure EREX will perform well. I can only assume that there is a plan for a take over, or a sharing of the tasks ahead.
Khris
Hey sprinter........Matt is in Germany too. Maybe you can get a new rumor...LOL!!!
Welcome all of you.
Kris , You made it to Germany. Glad to join a group
working with info without bashing and pumping. In Berlin for 2 weeks, will be reading post every couple of days.
The best to all.
Sprinter
Hay all
Thanks Nitrade for the avenue to share EREX info...
Been getting tired of the B.S. on the RB thread, I'll drop that line of thought here and now and move on to watch for quality information regarding EREX and Crew...
Again, thanks, will I'm sure enjoy this thread
Be Well and Prosper,
behoof
Welcome, I hope this thread can be of some use.
Khris
BTW....you spoke to soon...now down .03 :(
Hi Khris!
Right, I'll be here, quietly lurking and hopefully enjoying some intelligent postings ON TOPIC. On the bright side EREX up a whopping 3 cents with 500 shares traded. LOL!
Thanks Khris, (;> k.
I just spoke with Carl Dilley, and here is the 'new news'.
SB2 is to be out in 7 to 10 days.
The float is now 7.5 million
Microsoft's custom software is delayed, as are the needed drivers for the Cannon printer. Some of the operating drivers are also delayed. We are looking at being 2 months late on the prototype.....so, we are looking another 1 1/2 months away for the proto to be completed.
The outer case will be the last piece to be ordered. The technical drawings are not completed for the case to build.
Thats all folks.......and wow, that RB EREX board is worthless!!!
Khris
MIAMI, June 27 /PRNewswire/ -- E-Rex Inc. (OTC Bulletin Board: EREX)
announced today that it has signed a Letter of Intent to acquire the assets of
Webulate, LLC. These assets include an Internet Service Provider located at
the Denver Technology Center, a suite of proprietary e-commerce and Business-
to-Business application software systems, rights to a developmental stage
peripheral computer device, and the ongoing client base of Webulate, LLC.
E-Rex Inc. is developing the Dragonfly, a multi-purpose Internet device,
which requires online services that store and render documents that can be
downloaded or uploaded. This online service is the heart of the new
generation of agnostic Internet appliances that can perform a great variety of
functions in conjunction with the Web-based database. The Internet host site
will also have the ability to provide a variety of online services to the
Dragonfly user base.
As part of a new vision for E-Rex, Inc. the Company intends to
aggressively pursue the small business market for peripheral devices,
commercial Internet hosting, and comprehensive Internet design and e-commerce
solutions.
In related news, E-Rex Inc. announced the appointment of Carl Dilley as
the new president and CEO. Mr. Dilley has extensive experience in various
industries, which include Internet, Software Integration, and Brokerage. Carl
Dilley was an integral part of a team that developed the first online trading
system in the early eighties. "E-Rex is extremely excited that Mr. Dilley has
joined our team," stated Mr. Don Mitchell, E-Rex Chairman.
"This most recent acquisition is the first step in putting E-Rex on the
map as a provider of Web-based services to small business and brings the
company a substantial hosting facility and a suite of proprietary software to
support the Dragonfly and the users as we get closer to market," stated Carl
Dilley, President and CEO of E-Rex, Inc.
For further information on E-Rex Inc., please contact the Company's web
site, www.E-Rex.net and access the Company's latest filing on
www.freeedgar.com .
For additional information contact Marc Jablon at Stockbroker
Presentations 1-800-546-7950.
This press release may contain forward-looking information within the
meaning of Section 27A of the Securities Act of 1933 or Section 21E of the
Securities and Exchange Act of 1934 and is subject to the safe harbor created
by these sections. E-Rex, Inc. assumes no obligation to update the
information contained in this press release. Certain information included
herein may contain statements that are forward-looking, such as statements
relating to plans for future expansion and other business development
activities as well as operating costs, capital spending, financial sources,
and the effects of competition. Such forward-looking information is subject
to changes and variations which are not reasonably predictable and which could
significantly affect future results. Accordingly, such results may differ
from those expressed in any forward-looking statements made by or on behalf of
the Company.
SOURCE E-Rex Inc.
-0- 06/27/2000
/CONTACT: Marc Jablon of Stockbroker Presentations, Inc., 800-546-7950/
/Web site: http://www.E-Rex.net/
(EREX)
CO: E-Rex Inc.; Webulate, LLC
ST: Florida, Colorado
IN: CPR
SU: TNM PER
*** end of story ***
BSNS WIRE) E-Rex, Inc., Ultimate Franchise Systems' Strategic Partner, Sig
E-Rex, Inc., Ultimate Franchise Systems' Strategic Partner, Signs Letter of
Intent to Acquire the Assets of the Denver Based ISP, Webulate, LLC.
Business Editors/Technology Writers
LONGWOOD, Fla.--(BUSINESS WIRE)--June 27, 2000--E-Rex, Inc.
(OTCBB:EREX)(OTCBB:UFSI) announced today that it has signed a Letter
of Intent to acquire the assets of Webulate, LLC. These assets include
an Internet Service Provider located at the Denver Technology Center,
a suite of proprietary e-commerce and Business to Business application
software systems, rights to a developmental stage peripheral computer
device, and the ongoing client base of Webulate, LLC.
E-Rex, Inc. is in development of the Dragonfly, a multi-purpose
Internet device which requires online services that store and render
documents that can be downloaded or uploaded to the Dragonfly. This
online service is the heart of the new generation of agnostic Internet
appliances that can perform a great variety of functions in
conjunction with the Web based database. The Internet host site will
also have the ability to provide a variety of online services to the
Dragonfly user base.
As part of a new vision for E-Rex, Inc., the Company intends to
aggressively pursue the small business market for peripheral devices,
commercial Internet hosting and comprehensive Internet design and
e-commerce solutions.
"This most recent acquisition is the first step in putting E-Rex
on the map as a provider of Web-based services to small business and
brings the company a substantial hosting facility and a suite of
proprietary software to support the Dragonfly and the users as we get
closer to market," stated Carl Dilley, President and CEO of E-Rex,
Inc.
Christopher M. Swartz, President and CEO of Ultimate Franchise
Systems, Inc. added, "E-Rex relationship with Webulate, LLC will help
Ultimate Franchise Systems, Inc. further develop its interactive
capabilities with their franchisees, their retail customers and their
industry partners."
For additional information contact Marc Jablon at Stockbroker
Relations 1-800-546-7950.
This press release may contain forward-looking information within
the meaning of Section 27A of the Securities Act of 1933 or Section
21E of the Securities and Exchange Act of 1934 and is subject to the
safe harbor created by these sections. Jreck Subs Group assumes no
obligation to update the information contained in this press release.
Certain information included herein may contain statements that are
forward-looking, such as statements relating to plans for future
expansion and other business development activities as well as
operating costs, capital spending, financial sources and the effects
of competition. Such forward- looking information is subject to
changes and variations which are not reasonably predictable and which
could significantly affect future results. Accordingly, such results
may differ from those expressed in any forward- looking statements
made by or on behalf of the Company.
--30--ta/mi*
CONTACT: Stockbroker Relations, Longwood
Mark Jablon, 800/546-7950
KEYWORD: FLORIDA
INDUSTRY KEYWORD: FOODS/BEVERAGES RESTAURANTS INTERNET SOFTWARE
MERGERS/ACQ
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com
*** end of story ***
What is VSNA????? I have never heard of it. And WKWG ran up quite nicely.
On my thread, I always state when I sell a stock. It has not always been at a high, but it has always been at a very good profit....for everyone involved. What is your point?
To all Dragonfliers:
Welcome to the site.
If you have any suggestions or need help with anything, give me a holler.
Feel free to navigate through the current version of the site and notice various features...many are different that many of the current message boards.
Enjoy!
FM
nitetrade, why not post all your recommendations along with the current results, even the losers, i.e. vsna, cyxp ....
Nitetrade thanks for the new site. I think it is being proven that PATIENCE IS A VIRTUE. The press release tomorrow is imho another step closer in realizing the business plan on the dragonfly. GO EREX
Expect news Tues June 26 on the acquisition of a "key" business to help support the use of the Dragonfly.
This is just the beginning.
Khris
Updated investor info:
E-REX Investor Info:
1916 Pike Place, Suite 1405 ( Although this is rumored to be changing)
Seattle, Washington
USA 98101
1-206-521-2090
R & D Center 1-604-990-2536
Direct line to the President, Carl Dilley: 305-554-9903
Investor Relations: 800-546-7950…very friendly
Web: http://www.e-rex.net/
E-Mail: erex@e-rex.net
SYMBOL- EREX
Shares Issued: 15 million
Public Float: estimated under3 million
S.E.C. filings: http://www.freeedgar.com/search/FilingsResults.asp?SourcePage=CompanyList&CIK=1093159&UseFrame=1&FormType=&DateFiled=&CompanyName=E+REX+INC
More Powerful than a Palm Pilot
More compact than a laptop
More flexible than a scanner
More adaptable than a fax machine
More portable than a printer
The President of Ericson, Kurt Hellstrom, stated, “I expect half of the Internet users in three years to be wireless.”
E-REX Inc. is a technology company designing and producing stand-alone peripherals and direct Internet access products (cellular and satellite). E-Rex maintains research and design facilities in North Vancouver, British Columbia. E-Rex merged with PLANTECH COMMUNICATIONS SYSTEMS INC., a privately held, high technology development company. With the merger, Dr. A. F. Bauer, President of Plantech, assumed command of E-Rex as President and CEO. Dr. "Adi" Bauer has over forty years of international management and engineering experience, and is the creator of the revolutionary "Dragonfly." Due to the health of Dr. Adi Bauer, a new, very experienced CEO has taken over operations of EREX. Donald A.
Mitchell has been appointed the Chairman of the Board of the Company. Mr. Mitchell brings to E-REX an extensive background of organizing, structuring and growing public
companies. His resume includes high-level executive positions with CBS, Banker's
Life, and Universal Abbey. Also, announced by Mr. Mitchell, is the
appointment of Carl Dilley as President and Chief Operating Officer of E- REX.
Mr. Dilley brings twenty successful years of business and financial experience
to the Company.
EREX and UFSI have signed a Letter of Intent to a long-term
corporate alliance. The corporations expect the Agreement to have a multi-
million dollar value over the course of the alliance.
With our 300 points of distribution, we give E-Rex immediate access to enormous
visibility through our customer base, our manufacturers, and perhaps most
importantly, our strategic relationships, stated Christopher M. Swartz, President & CEO, Ultimate Franchise Systems, Inc.
The "Dragonfly"
The Dragonfly is a portable, multi-function color printer, copier, fax, E-mail, Internet and scanner. No computer is needed for its operation. The Dragonfly's direct internet access allows the user to e-mail, store, print, send and receive files, scans and digital photos, from anywhere in the world. The Dragonfly, one of the first of an innovative new class of "smart" products, incorporates Sun Microsystems, Inc. Java and Jini technology with the Internet. Since there are no portable products on the market with the same features and capabilities, the Dragonfly enjoys a tremendous competitive advantage over existing technologies.
The Dragonfly was on display at a Sun Micro booth, and acquired much attention. E-REX maintains a three year non-compete agreement with Sun Micro, allowing E-Rex to use Java script, yet Sun Micro cannot build and compete with E-REX. EREX is currently seeking, and is rumored to have found, a large well-known company to outsource the production of the Dragonfly. It is possible that the Dragonfly may be on store shelves by the X-mas shopping season.
By combining the best technologies of the Internet, with the ability to scan and print hard copies, this unit builds a bridge between the world of paper and the world of the Internet. The maturation of the Internet and technologies such as Java are revolutionizing how information is accessed, exchanged and used. This product can be seen as one of the first of a new breed of devices on the path to the portable access platform of the future.
-Dr. A.F. Bauer, Former CEO & President, E-Rex
E-REX is completing the Dragonfly prototyping with the assistance of VALCOM LTD, of Ottawa, Ontario, and a communications technology and defense contractor. http://www.valcom-guelph.com/
I am a shareholder of EREX and may be biased. I suggest you research EREX and decide if it fits your risk tolerance level.
I have in the past picked XNET @ .87,JAWZ @. 47, GTCI @ 1.10, ZICA @ .87, MHTX @. 47, CAOL @. 80, DFNL@ .81, LITH @. 29 and PWTC@.67-still like this one. This is by no means a guarantee of performance. Please feel free to ask questions or just visit ‘our’ thread:
http://www.ragingbull.com/mboard/boards.cgi?board=W.T.BEAR
Thanks Matt, The site looks great!!
I trust you are doing well?
Khris
I agree, until the "e" is lifted, there probably is no reason to search futher. I have been assured that this is a temporary situation.......but we have all owned a BB that said that right into "pink" land. Keep an eye on it, the company claims to have a ton of news releases, and promises the E will be gone very soon.
Khris
I noticed the "E" added to the ticker symbol, when is that suposed to be lifted? It has been with a "E" since the end of May, will it go pink? The volume has also dried up on it, it seems that the interest has fallen, the nice rise to 2 at the end of March seemed short lived, I cant find the news that may have helped with the fall, the lasted PR I can find is May 26 where a person filled a 144 to sell off a few shares(82,087 shares), then prior to that I see one in April where they get a new CEO. I was going to go through the SEC filings, but at this time I cant see why to go past my intial DD without some further information,
Happy Trading,
Chris B
Welcome aboard, bro.
Long time no talk!
FM
Hope you enjoy the site as it evolves...and hopefully passes the BETA testing
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