International Trust & Financial Systems Inc.
9103 Emmott Rd, Building 6, Suite A,
Houston, Texas 77040
Float Estimation:23-25 Million
International Trust & Financial Systems Inc (formerly Precom Technology, Inc.), subsidiary of CGI International Holding Inc.(CGI), is an international financial services company engaged in equipment leasing, and related insurance and mortgage banking functions in the U.S. The company currently maintains several offices in the United States including Florida, California and New York.
INTERNATIONAL TRUST & FINANCIAL SYSTEMS, INC. is a company that manages numerous of accounts. They plan to merge into Marmion www.marmionair.com. I spoke with Jerry Bacall in regards to the company and asked about the Merger and how it may affect the company. Of course due to rules and regulations he couldnt mention the affect as it wouldnt be factual, but did say it was the next positive step that was needed to be taken. I questioned the affect as far as share and he said that it is 1 to 1, or basically an even exchange. No dilution of any kind as it a even swap. Those who may not have looked, but there was a S-8 released on yesterday (6/8/2004)
for 8 Million shares. Yea I know dilution but if you check out the volume today almost more than half was traded in the session today. On today (6/9/2004)a PRER14C
was released that I questioned him about. If you notice there are changing there state of incorporation from Florida to Nevada. I questioned him the purpose and he said mentioned for Tax advantage purposes. Also in the PRER14C(Refer to upper link for reference)it mentioned the Merger. I questioned him about a PR to shareholders about this Merger. He said that he has already developed the PR and its currently being edited and should be released in the next business day, but if not next business day sometime next week definently. I was like "wow this merger really is a milestone for you guys" He said "yes Mr. Marmion is attempting to set the company up for long term growth. I guess you guys are wondering who Mr. Marmion is in which he is the CEO of the company. So INTERNATIONAL TRUST & FINANCIAL SYSTEMS, INC. is mergining with Marmion. That leads us to our next prospect.
2. Who the hec is Marmion Inc.?
Marmion Air Service specializes in Explosion-Proof Heating, Ventilation, Cooling Pressurization and chemical filtration solutions for mission-critical applications. Our reputation is based on superior equipment and service, from downtown Houston telecom centers to drilling rigs in Saudi Arabia and South America.
Potential?Id say so
He mentiond that on June 14th The web design of Marmion will be changing, I dont know about a PR to follow with it but just some information I guess that neeeded to be put out there since INTERNATIONAL TRUST & FINANCIAL SYSTEMS, INC.is merging into Marmion Air.