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JUPITER Global Holdings, Corp. Sets Record Date for All JUPITER Shareholders of Record as of Close of Business Wednesday May 10, 2006 for Potential Stock Dividend From Potential Spin-Off of Its Entertainment Interests
Thursday May 4, 12:25 pm ET
LAS VEGAS, NV--(MARKET WIRE)--May 4, 2006 -- JUPITER Global Holdings, Corp. ("JUPITER" or the "Company") (Other OTC:JPHC.PK - News) today announces that all JUPITER shareholders of record at the close of business Wednesday, May 10, 2006, Eastern Daylight Time (the "Record Date") will be on record to receive a stock dividend in the potential spin-off of JUPITER's entertainment interests, should the directors determine to actually declare the dividend.
The JUPITER board of directors has previously announced plans to spin-off its entertainment interests ("Plan") to its shareholders. The Plan began to take shape shortly after board approval and as part of the Plan, the board's intention is that within the process of executing the spin-off, a stock dividend may be declared to its shareholders of record. The Company believes a transaction that would result in the spin-off of its entertainment interests and subsequent stock dividend would be very beneficial to its shareholders. The previously announced merger transaction with APO Health, Inc. that the Company is now involved in ("Merger Transaction") impacts the viability of the Plan.
Management at this time feels that if a spin-off is approved by the board of directors in the future, the board prefers to ensure that the subsequent stock dividend is beneficial to its current shareholders. With this in mind, JUPITER management felt that setting a Record Date prior to closing of the Merger Transaction would be a key step in keeping that aforementioned benefit available to its current shareholders.
Although Management is encouraged at this stage of the Plan, no assurances can be given that a spin-off and subsequent stock dividend will be completed and approved post-closing of the Merger Transaction. In addition, management wishes to notify its shareholder that if the potential spin-off and subsequent stock dividend occurs, there is no specific timeline for the stock dividend to be executed and actually delivered to shareholders as of the Record Date.
Any additional information and instructions about the potential spin-off will be provided when determined and available.
Ray Hawkins, CEO of JUPITER, commented: "We are pleased to be able to announce the Record Date for a potential spin-off and subsequent potential stock dividend. We wish we were able to be more definite at this time but we feel that taking a snap shot of our shareholder base before the closing of the Merger Transaction is the best way for us to preserve a potential stock dividend for JUPITER shareholders."
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and developments in a diverse number of growing industries. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
Nord Oil International Reports Unsolicited Offer
Thursday May 4, 1:00 pm ET
MONTREAL--(MARKET WIRE)--May 4, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) today provided the details of the unsolicited offer made on April 6, 2006.
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The unsolicited offer was received by North-West Oil Group a private oil and gas company headquartered in Moscow, Russia. The unsolicited offer is priced at USD $2.17 per share for 100% of the total outstanding shares of Nord Oil International Inc. for a transaction estimated at approximately $500 million.
The company reports that management of both Nord Oil International Inc. and North-West Oil Group are meeting over the next several days to further review the offer and determine the course of actions to be taken to conclude said transaction.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries; Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves.
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
Contact:
Contact:
Viatcheslav Makarov
President
Nord Oil International Inc.
Vmakarov@nordoil.com
514-591-3666
http://www.nordoil.com
I called ILGY yesterday and left a message. We'll see if they get back to me. I doubt it.
A new buyout...
APO Health, Inc. and JUPITER Global Holdings, Corp. Announce Signing of Definitive Agreement and Plan of Merger
Tuesday April 25, 3:11 pm ET
OCEANSIDE, NY--(MARKET WIRE)--Apr 25, 2006 -- APO Health, Inc. ("APO") (OTC BB:APOA.OB - News) and JUPITER Global Holdings, Corp. ("JUPITER") (Other OTC:JPHC.PK - News) today jointly announced their execution of a Definitive Agreement and Plan of Merger (the "Merger Agreement") pursuant to which APO has agreed, through a wholly owned subsidiary, to acquire 100% of the issued and outstanding common shares of JUPITER, and JUPITER has agreed, at the closing of the transaction, to become a wholly owned subsidiary of APO. As consideration in the merger transaction, APO has agreed to exchange shares of its common stock ("the Issuable Shares") with JUPITER's shareholders at an exchange ratio, which is subject to adjustment under the Merger Agreement that values the JUPITER shares at $0.005 per common share.
Jan Stahl, the Chief Executive Officer of APO, commented, "APO is making a shift in its business future and JUPITER, and primarily its subsidiary, Macro Communications, Inc. (www.macrosouth.com), presented the best opportunity for us to build a significant operation under a new direction for our shareholders. Our aim was to chart a new course for APO that would result in accelerated growth and increased shareholder value. The challenges we have experienced in growing our health subsidiary prompted the development of our plan for change that included a process of looking for opportunities outside of the health industry and ultimately develop a business with holdings that could provide for significant value creation. Macro Communications, Inc. is a business that we believe has vast potential. It is currently a multimillion dollar operation that has a business plan which includes other acquisition candidates and a comprehensive strategy for growth and profit generation. We look forward to welcoming the JUPITER shareholders as APO shareholders and feel very strongly on the new combined entities moving forward."
Ray Hawkins, the Chief Executive Officer of JUPITER, commented further, "The execution of this agreement results from a diligently prepared and successfully executed plan that we had implemented to move JUPITER forward for the future growth of the company, and ultimately for the enhancement of value for the JUPITER shareholders. APO is a solid company which currently is a multimillion dollar operation, and we feel this merger provides a great opportunity for our shareholders' growth prospects. We are very pleased with the valuation that we received from APO and feel it is fair for our shareholders. We look forward to the consummation of this transaction and setting things in motion to develop a new path of success for the combined corporations."
The parties have agreed to use their best efforts to consummate the transaction by May 10, 2006, or as soon as practicable thereafter.
The Merger Agreement will be filed by APO as an exhibit to a Current Report on Form 8-K with the U.S. Securities and Exchange Commission as required. The Merger Agreement contains certain conditions precedent to consummation of the merger, including but not limited to, obtaining consents, providing certified lists of shareholders and delivery of certain due diligence and other corporate documents. The Merger Agreement provides that the Issuable Shares will not be registered under the Securities Act, or the securities laws of any state, and absent an exemption from registration contained in such laws, cannot be transferred, hypothecated, sold or otherwise disposed of until; (i) a registration statement with respect to such securities is declared effective under the Securities Act, or (ii) APO receives an opinion of counsel for APO that an exemption from the registration requirements of the Securities Act is available.
ABOUT APO HEALTH, INC.
APO Health, Inc., a Nevada corporation, through its subsidiary distributes medical, dental and health and beauty aids products to dental and medical professionals and wholesalers throughout the United States.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp., a Nevada corporation, is a holding company with interests and developments in a diverse number of growing industries. JUPITER plans to achieve a leadership position through the building of a synergistic network of innovative, profitable and global businesses.
No news yet today on TWOG/ILGY buyout. I expected to see something today since it is the record date for the the buyout according to the last PR.
I agree Doub...this is gambling money for me, which typically doesn't work out...but we'll see what happens. The stock should be moving up with the ex-dividend date coming on Monday, not down.
beig, on the surface this looks like an amazing deal, however something is not sitting right with me. The final out come of this convoluted deal is that all shares get folded into Magellien Energy, and if I can believe the CEO of ILGY then Magellien has a great future, but why does TWOG not respond to the market announcement?? It goes up a couple of pennies and shares hit the market like bugs on a windshield on a Florida night.
CEO's with answering machines that never return phone calls are major red flags, and this one looks like a Chinese labor day parade.
still holding ILGY at a loss to see how it turns out.
ILGY has really been coming back and is now at .40...which means that the TWOG shares are now worth .04...still a 150% return from current levels but not nearly as good as it was a couple of weeks ago at $1.
MGGL headliner
ILGY's/MGGL has some Big names:BRITISH PETROLEUM/YUKOS....
http://www.tnk-bp.com
Magellan Energy Ltd. (Other OTC:MGGL.PK - News) announced today that it has appointed a new President and CEO, Mr. Michael Shtaif. Shtaif's career spans fifteen years in the oil industry including thirteen in Russia. Before founding Magellan Energy in 2005, Shtaif worked at TNK-BP as Vice President of Operations.
Joining Magellan as Chairman of the Board is Mr. Anthony Groag. Groag has more than 40 years of management experience in the oil and gas industry, having held various senior positions such as General Auditor for BP, Controller for Yukos Oil Company and General Auditor for TNK-BP.
TWOG ILGY MGGL story
International Energy, Ltd. Finalizes Agreement for 25% Ownership of Magellan International Energy
Tuesday April 11, 3:40 pm ET
ORLANDO, FL--(MARKET WIRE)--Apr 11, 2006 -- International Energy, Ltd. (Other OTC:ILGY.PK - News), has finalized an agreement with Magellan Energy, Ltd. (Other OTC:MGGL.PK - News). Under the new finalized agreement, International Energy, Ltd. will become a 25% owner in Magellan International Energy, Ltd, and its operations. Magellan is currently planning on becoming an independent oil & gas producer.
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About International Energy, Ltd.
International Energy, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
Contact:
CONTACT:
International Energy, Ltd.
D. Watson
Tel: (212) 726-1910
Email: Email Contact
--------------------------------------------------------------------------------
Source: International Energy, Ltd.
Transworld Oil and Gas Ltd. Updates Asset Sale to International Energy, Ltd.
Tuesday April 11, 2:19 pm ET
HOUSTON, TX--(MARKET WIRE)--Apr 11, 2006 -- Transworld Oil & Gas, Ltd. (Other OTC:TWOG.PK - News) is pleased to announce that the record date set for the stock dividend distribution of International Energy, Ltd. (Other OTC:ILGY.PK - News) will be April 24, 2006. Pay date for the dividend will be May 1, 2006. First American Stock Transfer will be mailing shares to Transworld Oil & Gas, Ltd. shareholders without any action required to be taken on the part of the shareholder. The ratio of the distribution will be one (1) share of International Energy, Ltd. for every ten (10) shares held of Transworld Oil & Gas with fractions to be rounded down.
Adsouth Partners, Inc. Enters Into Letter of Intent To Sell Multiple Brands From Its Consumer Product Portfolio To MFC Development Corp.
Tuesday April 11, 8:18 am ET
Cash and Stock Transaction Valued at $9.5 Million
Adsouth will Retain Genco Subsidiary and Advertising Division
MFC Expands Product Portfolio and Enters Direct to Retail Channel
BOCA RATON, Fla. & LOS ANGELES--(BUSINESS WIRE)--April 11, 2006--Adsouth Partners, Inc. (OTCBB:ASPR - News), and MFC Development Corp. (OTCBB:MFCD - News) announced today the signing of a Letter of Intent wherein Adsouth will sell all of its product brands from its consumer product portfolio to MFC in a cash and stock transaction to be valued at $9.5 million. The transaction which is subject to a complete due diligence, the execution of a definitive agreement and the satisfaction of closing conditions is expected to close in the second quarter of 2006.
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Under the terms of the letter of intent, MFC Development Corp., through a wholly owned subsidiary NEWCO, will acquire all the capital stock of Adsouth, Inc. and DermaFresh, Inc. (the Division), from Adsouth Partners, Inc. for $4.0 million in cash, $5.5 million of MFC common stock, and the assumption of certain liabilities. The Division's assets comprise the retail distribution and product brands company Adsouth, as well as the brands, DermaFresh, E70, and Mitsu and the distribution rights to Simon Solutions. In 2005, the Division incorporating these brands shipped in excess of $6.5 million and on a proforma basis, excluding certain allocated overhead expenses, non-cash stock compensation expenses and expenses not directly associated with the brands being sold, would have realized more than $1.5 million of divisional operating income. The transaction does not include any assets or activities related to Adsouth's fast growing, majority owned subsidiary Genco Power Solutions or the Company's Advertising Division.
Jeffrey S. Edell, President and Co-Chief Executive Officer of MFC Development Corp. stated, "The acquisitions of these brands is an ideal fit for MFC's business plan, which calls for acquiring underleveraged products that we can build into lifetime brands. Through our formula of combining creativity, proprietary analytical tools, a heavy emphasis on internet marketing and continuity programming, we believe we can significantly improve the sales and profitability of these acquired products. We believe that this transaction will be accretive to the company's earnings in the fourth quarter of 2006 and for the calendar year 2006."
John Cammarano, Adsouth's Chief Executive Officer commented, "We are very excited about this transaction and believe it presents an excellent financial and strategic opportunity for both Adsouth and our shareholders. Through this sale, we are monetizing the underlying value we hold in DermaFresh, E70 and Mitsu. In addition, this transaction gives Adsouth the financial flexibility to focus on expanding our rapidly growing integrated power generator business, Genco Power Solutions, and offers the opportunity for greater short and long term returns to our shareholders."
Nancy Duitch, Chief Marketing Officer and Co-CEO of MFC Development Corp. noted, "This transaction will expand MFC's distribution capabilities by allowing us to penetrate the direct to retail channel through Adsouth's large retail distribution network of over 20 retail and wholesale customers and provides our existing product portfolio access to over 18,000 retail locations, such as Wal-Mart, CVS, and Walgreens throughout the country."
About Adsouth Partners, Inc.
Adsouth Partners is a vertically integrated direct response marketing company that generates revenues from the placement of advertising, the production of advertisements, creative advertising and public relations consulting services. Since mid 2004, it has expanded its activities as it obtained the rights to products that it markets and sells to retail outlets. Since December 2005, through a majority-owned subsidiary, Genco Power Solutions, Inc., the Company has been marketing integrated power generator systems to residential homeowners and commercial business throughout Florida. A complete list is available on our website at http://www.adsouthinc.com and a preview of the products offered is available at http://www.dermafresh.com
About MFC Development Corp.
MFC, Development Corp., which has offices in New York and Los Angeles, is a direct response marketing, distribution and branding company. Through its wholly owned subsidiary Worldwide Excellence, Inc., http://www.wwexcellence.com, the Company specializes in the development, marketing and distribution of health, beauty fitness and consumer products, throughout all forms of media. The Company is focused on licensing, developing and acquiring products that are high quality and relevant to the consumer. Through a formula of combining creativity and proprietary strategic analytical tools, the Company is deploying 'continuity' (recurring revenue) programs that are designed to optimize revenue growth and profitability of its various products.
Nord Oil International Deny Allegations of Chinese State Owned Enterprise Takeover
Monday April 10, 9:00 am ET
MONTREAL--(MARKET WIRE)--Apr 10, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) denied allegations today that a Chinese State Owned enterprise was the offering party to the recent unsolicited purchase offer. However, the company does confirm that the State Planning and Development Commission through its subsidiary CEInet does own approximately 1% of the total issued and outstanding shares of the company.
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The company is currently reviewing the purchase offer received April 6, 2006 and has opted to keep the information confidential until all information can be reviewed and expects to release said purchase offer as soon as it can be bona fide.
Nord Oil International Receives Unsolicited Purchase Offer for NDOL Common Stock
Thursday April 6, 9:00 am ET
MONTREAL--(MARKET WIRE)--Apr 6, 2006 -- Nord Oil International Inc. (Other OTC:NDOL.PK - News) announced today that it has received an unsolicited purchase offer for 100% of the total outstanding stock of Nord Oil International Inc.
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The company has opted to keep the information confidential until such time as the purchase offer can be bona fide and the amount of the offer confirmed. The company will make every effort possible to review the offer and offering party and release said offer information as soon as possible. It should also be noted that during the conference call, it was also discussed that the offering party intended to purchase shares in the open market of up to 10% of the NDOL common stock.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries; Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 48 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.
TWOG is doing nicely today...up over 25%.
ILGY is trading at 1.10, so the TWOG shares are worth .11!!
International Energy, Ltd. Finalizes Agreement for Purchase of Transworld Oil & Gas
Wednesday March 15, 10:50 am ET
ORLANDO, FL--(MARKET WIRE)--Mar 15, 2006 -- International Energy, Ltd. (Other OTC:ILGY.PK - News), formerly BDW Holdings, Ltd., has finalized an agreement with Transworld Oil & Gas (Other OTC:TWOG.PK - News). Under the new finalized agreement, International Energy, Ltd. will purchase all assets of Transworld Oil & Gas for stock and Transworld Oil & Gas will dividend out these shares to its shareholders.
Each Transworld Oil & Gas shareholder will receive one (1) share of International Energy, Ltd. for every ten (10) shares of Transworld Oil & Gas. Shareholders of record on March 25, 2006 are expected to receive the dividend by the second week of April 2006. Further transaction dates and details will be announced in the near future.
ILGY $1.50 up .50 on a massive 1,100 volume eom
BDWh's new symbol is ILGY. It doesn't look like it has started trading yet though.
USGL has been on fire for the past 6-8 months. I saw this at around $.75 and never acted on it...that was a big mistake now that it's at $6.30
U.S. Gold Corporation Consolidating Cortez Trend in Nevada
Monday March 6, 6:00 am ET
INTENDS TO ACQUIRE 4 COMPANIES
DENVER--(BUSINESS WIRE)--March 6, 2006--White Knight Resources, Nevada Pacific Gold, Coral Gold & Tone Resources
LARGER PROPERTY POSITION, STRONGER TREASURY, AGGRESSIVE EXPLORATION, MULTIPLE TARGETS
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U.S. Gold Corporation (OTCBB:USGL - News) today announced that it intends to acquire, in stock transactions, all of the outstanding common shares of four companies that are exploring in the Cortez Trend in Nevada. These companies, White Knight Resources Ltd. (TSX VENTURE:WKR - News), Nevada Pacific Gold Ltd. (TSX VENTURE:NPG - News), Coral Gold Resources Ltd. (TSX VENTURE:CGR - News), and Tone Resources Ltd. (TSX VENTURE:TNS - News), have mineral properties that are adjacent to or near U.S. Gold's Tonkin Springs property. Together these mineral properties would represent a significant land position and consolidation in the Cortez Trend.
This proposal was made in letters sent today by Rob McEwen, Chairman and Chief Executive Officer of U.S. Gold, to the chief executive officers of each of the subject companies. U.S. Gold's proposal represents a premium of 25% to the closing stock prices of each company's shares on March 3, 2006.
Under this proposal, U.S. Gold would issue:
- 0.35 share of U.S. Gold common stock for each outstanding common share of White Knight;
- 0.23 share of U.S. Gold common stock for each outstanding common share of Nevada Pacific Gold;
- 0.63 share of U.S. Gold common stock for each outstanding common share of Coral Gold; and
- 0.26 share of U.S. Gold common stock for each outstanding common share of Tone Resources, representing in the aggregate approximately US$256.9 million (C$291.7 million) total value based on the closing price of U.S. Gold's common stock on March 3, 2006.
The transactions are subject to a number of conditions, including determination of the precise forms of the transactions, due diligence and shareholder and regulatory approvals.
Rob McEwen, Chairman and Chief Executive Officer of U.S. Gold, said: "As I have frequently stated, our goal is to build the premier exploration company in Nevada. This initiative represents a significant step in that direction. The combination of these companies should appeal to a larger group of investors and should offer the potential for more share appreciation than any one company on its own. The new combined company could provide the land package of a major, the balance sheet strength and market liquidity of an intermediate and the upside price leverage to discovery of a junior. Each company brings an outstanding technical team. The combined company would allow us to bring these teams together."
The Board of Directors of U.S. Gold formed a special committee to evaluate the terms of each of the transactions in recognition of, among other things, the equity interests of Mr. McEwen in the each of the four companies.
The figures presented in this release are based upon the current exchange rates for US and Canadian currency. The currency exchange rates may vary before the consummation of the transactions.
HandHeld Entertainment Completes Reverse Merger and $7.6 Million Private Placement; Common Stock Begins Trading March 6, 2006 on the OTC Bulletin Board as ``HNDH''
SAN FRANCISCO, Mar 02, 2006 (BUSINESS WIRE) -- HandHeld Entertainment, Inc. (OTCBB:HNDH) today announced the completion of a reverse merger and the closing of a $7.6 million private placement, details of which are described in current reports filed with the Securities and Exchange Commission on Form 8-K. Trading in the common stock of HandHeld Entertainment will begin on March 6, 2006 on the Over-The-Counter Bulletin Board under the symbol "HNDH."
HandHeld Entertainment, a "pure play" digital-media-to-go company with its ZVUE(TM) family of mass-market portable media players as well as its own online video content store, completed a reverse merger with Vika Corp. on February 10, 2006. Subsequently, HandHeld Entertainment completed the sale of 3,802,500 shares of its common stock at $2.00 per share through a private placement to institutional and accredited investors resulting in gross proceeds of $7,605,000 to the company. The proceeds will be used by the company for general working capital purposes. After taking effect of both the reverse merger and private placement, HandHeld Entertainment has approximately 13.9 million shares of common stock outstanding, of which approximately 2.4 million shares of common stock are in the public float.
HandHeld Entertainment introduced its entry level ZVUE (the Model 200) in 2003 at a price point of $99.95. Available today in more than 1,800 Wal-Mart stores around the United States, the mass-market-priced ZVUE is the perfect digital-media-to-go-solution because ZVUEs allow users to watch their favorite videos, listen to music or look at photos anywhere, anytime. HandHeld Entertainment has also announced three new ZVUE models, the first of which is slated for completion in the first quarter of 2006, and each of which is upgradeable and designed to take advantage of dropping storage pricing to further promote customer flexibility at reasonable price points.
Additionally, the company recently launched the beta version of ZTV(TM), its video download store, at www.zvue.com, a place where lovers of digital video on the go can find hundreds of free video selections in a dozen genres, as well as hundreds of Pay 'n' Play(TM) video selections available for online purchase from $0.99 to $1.99 per downloaded video. HandHeld Entertainment also announced plans in January to expand ZTV in mid-2006 with a video subscription service known as ZVISION(TM). Additional details on ZVISION will be revealed by the company at a future date.
Special Note: The common stock sold in the private placement has not been registered under the Securities Act of 1933, as amended or state securities laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from the registration requirements. The common stock was offered and sold only to accredited investors in offerings exempt from the registration requirements of the Securities Act. This announcement is not an offer to sell or the solicitation of an offer to buy shares of common stock of HandHeld Entertainment.
About HandHeld Entertainment, Inc.
HandHeld Entertainment is a "pure play" digital-media-to-go company with a family of mass-market portable media players priced at mass-market prices as well as its own online video content store. Its ZVUE portable media players are available for purchase online and in more than 1,800 retail locations across the United States, while portable video lovers can visit ZTV (HandHeld Entertainment's video content store at www.zvue.com) to buy pay-per-download videos or download thousands of free media titles. For more information, visit www.hheld.com or call 415-495-6470.
HandHeld Entertainment, ZVUE, ZTV, Pay 'n' Play and ZVISION are trademarks of HandHeld Entertainment. All other trademarks are property of their respective owners.
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This release contains forward-looking statements. To the extent that any statements made in this release contain information that is not historical, these statements are forward-looking. These statements are subject to risks and uncertainties that cannot be predicted or quantified and, consequently, actual results may differ materially from those expressed or implied by these forward-looking statements. These risks and uncertainties include, without limitation: HandHeld Entertainment's dependence on contract manufacturing of its products; its reliance on a single major mass-market retailer; its ability to develop and market successfully and in a timely manner new products and services; its ability to predict market demand for, and gain market acceptance of, its products and services; the impact of competitive products and services and of alternative technological advances; its ability to raise additional capital to finance its activities; its limited and unprofitable operating history; its ability to operate as a public company; its ability to reduce product return rates; the affect of inventory and price protections required by major retailers; the availability and affordability of digital media content; its ability to protect its proprietary information and to avoid infringement of others' proprietary rights; its ability to attract and retain qualified senior management and research and development personnel; the reliability and security of its information systems and networks; and other factors described in HandHeld Entertainment's filings with the Securities and Exchange Commission, including Annual Reports on Form 10-KSB, Quarterly Reports on Form 10-QSB and Current Reports on Form 8-K. These forward-looking statements are made as of the date hereof. HandHeld Entertainment does not undertake any obligation to publicly update any forward-looking statements. As a result, investors should not place undue reliance on these forward-looking statements.
SOURCE: HandHeld Entertainment, Inc.
CONTACT: Politis Communications
David Politis, 801-523-3730 (Media Contact)
Cell: 801-556-8184
dpolitis@politis.com
or
Russell Page, 801-523-3730 (Media Contact)
Cell: 801-787-8435
rpage@politis.com
or
The Del Mar Consulting Group, Inc.
Robert Prag, 858-794-9500 (Investor Contact)
bprag@delmarconsulting.com
Drake Gold Resources Inc. Announces Completion of Symbol Change to DKGR
VANCOUVER, WA, Feb 13, 2006 (MARKET WIRE via COMTEX) -- Drake Gold Resources Inc. (OTC: DKGR) (OTC: AMVS) a brand new company that focuses on the exploration and production of precious metals is pleased to announce that, along with its recent name change, the company has received its new CUISP number and the symbol change from AMVS to DKGR.
The change is effective as of 02-13-06:
Drake Gold Resources Inc.
OTCBB.PK symbol DKGR
CUSIP Number: 26144G106
The company has recently stated in news releases that it is prepared to assemble an all-new, highly experienced, team of professionals to operate the company in the new business model. Along with updates regarding the all-new management it was also stated that the company is prepared to enter into several Letter Of Intents (L.O.I.) to acquire or joint venture with valuable precious metal assets.
If you have any questions please contact the investor relations team for Drake Gold Resources.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Clayton Smith
1-503-618-0370
1-888-601-9983
info@novakcapital.com
BDW Holdings Announces New Name and Trading Symbol to Be Effective Within 10 Business Days
Wednesday March 1, 5:41 pm ET
ORLANDO, FL--(MARKET WIRE)--Mar 1, 2006 -- BDW Holdings, Ltd. (Other OTC:BDWH.PK - News) announced today that it anticipates that its new name, International Energy, Ltd., and new symbol will be effective within the next 10 business Days. The company has completed and filed all necessary documents and is awaiting its new trading symbol. As a result of the delays experienced by the company in the state of California, completion of the Transworld Oil & Gas (Other OTC:TWOG.PK - News) purchase is now anticipated to be completed by the end of March.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
Contact:
CONTACT:
BDW Holdings, Ltd.
D. Watson
Tel: (212) 726-1910
Email Contact
Today is the day for TWOG...it's a 10-bagger if the deal goes through.
TWOG is holding on right here at .009. I'm down 50% but still waiting for the potential big (but extremely risky) payoff. Deal is supposed to be closed this week (Feb 28). We'll see what happens. I doubt these things ever actually happen on time, but we'll see.
I haven't - I have some still playing the spread and I figure the worst that can happen the deal blows out and the underlying reserves get played up again. People were pushing TDYH for $20 a share at one point.
Has anybody talked with the companies recently?
TDYH 3.80
Buyout at 4.50. Anyone playing it?
Tandem Energy Holdings Announces Merger Agreement with Platinum Energy Resources
Thursday January 26, 9:00 am ET
MIDLAND, Texas--(BUSINESS WIRE)--Jan. 26, 2006--Tandem Energy Holdings, Inc. (OTC:TDYH - News; the "Company"): The Board of Directors of Tandem Energy Holdings, Inc. today announced the signing of a definitive merger agreement with Platinum Energy Resources, Inc., a special purpose acquisition corporation focused on the energy industry. Under the terms of the agreement, Tandem Energy Corporation, a wholly-owned subsidiary of the Company that holds substantially all of the Company's assets, will become a wholly-owned subsidiary of Platinum Energy. As previously announced, the Company will receive $102 million cash and will use approximately $42 million to retire long-term indebtedness. The remaining $60 million will be used to redeem all of the outstanding common stock of the Company. The Company has approximately 23.8 million shares outstanding. Under the terms of the merger, holders of the Company's common stock would receive $2.53 per share. However, the Board of Directors and officers of the Company as a group, who own approximately 85% of the stock, have elected to receive $2.13 per share to allow the shareholders who purchased their stock directly from the Company or in the open market to receive $4.50 per share.
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The closing of the merger is subject to customary closing conditions, including approval of the merger by the shareholders of the Company and Platinum, and due diligence. Platinum's Board of Directors voted unanimously in favor of recommending the merger to its shareholders. If approved by shareholders, the transaction is expected to close in the second quarter of 2006.
"We are very pleased to have reached this agreement with Platinum Energy and believe the transaction reflects the full value of our company," said Tim Culp, president and CEO of Tandem Energy Holdings. "Platinum Energy has significant capital resources, and developing Tandem Energy's low-risk oil and gas resources fits very well into Platinum's stated business strategy. We look forward to working with Platinum throughout the merger process."
Tandem Energy Holdings, Inc. is an oil and gas exploration and development company based in Midland, Texas. The Company's activities are focused on low-risk properties in Texas and New Mexico.
Platinum Energy Resources Announces Merger Agreement with Tandem Energy Holdings
--------------------------------------------------------------------------------
PRNewswire
08:30 a.m. 01/26/2006
NEW YORK, Jan 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- Platinum Energy Resources, Inc. (PGRI), (PGRIU), (PGRIW) ("Platinum Energy"), a special purpose acquisition corporation focused on the energy industry, today announced that it has entered into a definitive merger agreement with Tandem Energy Holdings, Inc. (TDYH) ("Tandem"). Tandem is an independent oil and gas company engaged in the acquisition, exploration, exploitation and development of oil and gas properties and the production of oil and gas. Under the terms of the agreement, Tandem Energy Corporation, a wholly-owned subsidiary of Tandem Energy Holdings, owning substantially all of its assets, will become a wholly-owned subsidiary of Platinum Energy. Platinum Energy will pay $105 million in cash and fees and will be guaranteed $5 million in working capital. Platinum Energy will be responsible for capital expenditures as of January 1, 2006.
Tandem's producing properties are located primarily in Texas and New Mexico. On September 30, 2005, Tandem's estimated net proved reserves were 8.849 million barrels of oil equivalent (BOE), of which approximately 64% were crude oil and 36% were natural gas. 34.4% of its total reserves were Proven Developed Producing (PDP's). Preliminary due diligence has revealed expected low-risk probable reserves and "behind pipe" opportunities of an additional 16 million BOE.
Barry Kostiner, chief executive officer of Platinum Energy, stated, "Tandem's strong producing properties combined with its development opportunity are a perfect foundation on which to execute our business plan of optimizing profit irrespective of the global energy market's performance. We look forward to building on the attractive value created by Tandem's management."
"We are looking forward to working with Platinum Energy throughout the merger process," said Tim Culp, president and CEO of Tandem Energy Holdings. "Our low-risk oil and gas resources fit very well into Platinum's stated business strategy."
James Dorman, executive vice president, geology of Platinum Energy said, "As the head of the geology team, I am extremely excited about the potential of Tandem's diverse properties. We will have the unique opportunity to build on Tandem's current proven reserves substantially by utilizing a low-cost drilling program."
Platinum Energy, based in Montvale, New Jersey, was incorporated in April 2005 to acquire an operating business in the energy industry. Platinum Energy completed its initial public offering on October 24, 2005, receiving net proceeds of approximately $106 million through the sale of 14.4 million units of its securities at $8.00 per unit. Each unit was comprised of one share of Platinum Energy common stock and one redeemable and convertible common stock purchase warrant having an exercise price of $6.00. Platinum Energy holds over $105 million in a trust account maintained by an independent trustee, which will be released to the company upon the closing of the merger with Tandem (less any amounts returned to Platinum Energy stockholders who elect to convert their shares to cash in accordance with Platinum Energy's charter).
Merger Conditions
The closing of the merger is subject to customary closing conditions, including Platinum Energy stockholder approval of the merger. In addition, the closing is conditioned on holders of fewer than 20 percent of the shares of Platinum Energy issued in the IPO voting against the business combination and electing to convert their Platinum Energy shares into cash, as permitted by the Platinum Energy certificate of incorporation. The Platinum Energy initial stockholders, officers and directors, who hold approximately 20% of Platinum Energy's voting stock, have agreed to vote their shares on the merger in accordance with the vote of the majority of the non-affiliated Platinum Energy stockholders. If approved by Platinum Energy stockholders, the transaction is expected to close in the second quarter of 2006.
About Platinum Energy Resources, Inc.
Platinum Energy Resources is a special purpose acquisition corporation seeking to acquire assets or operating businesses in the global oil and gas exploration and production industry. Platinum Energy anticipates aggressively building a portfolio of assets using multiple acquisitions subsequent to its first acquisition which will require approval of shareholders in the amount of 80% of those voting. Platinum Energy's strategy calls for the aggressive use of hedging strategies to optimize profit irrespective of the performance of the global energy market's performance.
About Tandem Energy Holdings Inc.
Tandem Energy Holdings Inc. is an oil and gas exploration and development company based in Midland, Texas. The Company's activities are focused on low- risk properties in Texas and New Mexico.
Investor and Media Contact Alan Katz Cubit Jacobs & Prosek Communications for Platinum Energy Resources 212-279-3115 ext. 211 alan@cjpcom.com Forward-Looking Statements
Bet they have a sweetheart deal on the other end. Buyout public cheap, wait a year and then cash out higher.
TWOG is a 10-bagger at this price if the deal goes through. I guess it just proves that there is very little confidence in management on this one.
I'll be happy just to get anything over 4.00 and take the write off on this disappointing POS. LOL!
I suspect right here is about where you will get shares unless you want to put in a really big block buy like at least 20,000 shares.
I agree rrufff. I was thinking about picking up some more shares if it fell into the 3.30 area again.
Welcome to the new board.
I'm playing the spread at this point - figure it's worth it until 4.25 area. Some of the insiders probably selling in that they are getting more than they would at the close. They may be naked shorting as their shares are restricted and figure nobody will be any the wiser once the deal closes. As we get close to the end, it should settle close to the 54.50.
Another TWOG PR...
BDW Holdings Announces Anticipated Purchase Completion of Transworld Oil & Gas
Friday January 20, 9:00 am ET
ORLANDO, FL--(MARKET WIRE)--Jan 20, 2006 -- BDW Holdings, Ltd. (Other OTC:BDWH.PK - News) announced today that it anticipates the completion of the purchase of all the outstanding shares of Transworld Oil & Gas (Other OTC:TWOG.PK - News), for stock of BDW Holdings, Ltd., by the end of February. The company also plans to be operating under its new proposed name of International Energy Ltd. once the purchase is completed.
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After the purchase of Transworld Oil & Gas, the new International Energy Ltd. intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
Contact:
CONTACT:
BDW Holdings, Ltd.
D. Watson
Tel: (212) 726-1910
Email: Email Contact
More about the TWOG buyout...
BDW Holdings, Ltd. Reaches Agreement to Purchase All Outstanding Shares of Transworld Oil & Gas
Thursday December 15, 9:00 am ET
Company Plans to Change Its Name to International Energy Ltd.
ORLANDO, FL--(MARKET WIRE)--Dec 15, 2005 -- BDW Holdings, Ltd. (Other OTC:BDWH.PK - News) announced today that it has reached an agreement to purchase all the outstanding shares of Transworld Oil & Gas (Other OTC:TWOG.PK - News) for stock of BDW Holdings, Ltd. The company also plans to change its name to International Energy Ltd.
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BDW plans to consolidate its present shares on a one-for-one-hundred basis and purchase all the outstanding shares of TWOG for the equivalent of $0.085 per TWOG share, in new shares of what will be International Energy Ltd.
After the purchase of TWOG, the new BDWH intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the company's actual results in future periods to differ materially from forecasted results. Any forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
Contact:
CONTACT:
BDW Holdings, Ltd.
D. Watson
Tel: (212) 726-1910
Email: Email Contact
TWOG Buyout price $.085
Transworld Oil and Gas Ltd. Announces Completion of Negotiations for the Acquisition of 100% of TWOG
Friday December 9, 4:51 pm ET
HOUSTON, TX--(MARKET WIRE)--Dec 9, 2005 -- Transworld Oil and Gas Ltd. (Other OTC:TWOG.PK - News) announced today that it has completed negotiations for the share acquisition of all shares of TWOG. Shareholders will receive shares in the new company with a minimum value of $0.085 per twog share.
Management is recommending acceptance of this offer and mailings will be sent to shareholders shortly to provide the opportunity to vote on this deal. Management anticipates the completion of this offer prior to the end of February 2006.
About Transworld Oil and Gas Ltd.
Transworld Oil and Gas Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short- and long-term reserves in both the oil and natural gas markets. Oil and gas-related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value by exploring for, developing, and purchasing oil and gas properties worldwide.
Safe Harbor Statement
The preceding includes forward-looking statements which involve known and unknown risks and uncertainties which may cause the Company's actual results in future periods to differ materially from forecasted results. Forward-looking statements above are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including, without limitation, competition, intellectual property rights, litigation, needs of liquidity, and other risks detailed from time to time in the company's reports filed with the SEC. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.
Contact:
Contact:
M. Mancini
Tel: (281) 854-2374
Email: Email Contact
TDYH: Buyout price $4.50
Tandem Energy Holdings Enters Merger Discussions
Tuesday January 17, 9:15 am ET
MIDLAND, Texas--(BUSINESS WIRE)--Jan. 17, 2006--Tandem Energy Holdings Inc. (OTC: TDYH - News; the "Company") The Board of Directors of Tandem Energy Holdings, Inc. has announced that the Company has entered into discussions with a third party to dispose of 100% of the outstanding stock of its wholly owned subsidiary, Tandem Energy Corporation ("TEC"), for total cash consideration of approximately $102 million. The transaction under discussion would involve payment in full of the long-term indebtedness of TEC and distribution of the remainder (approximately $60 million) to the Company, which would use the net proceeds to redeem in full all of the outstanding common stock of the Company. The Company has approximately 23.8 million shares outstanding. Under the terms being discussed, the Board of Directors and officers of the Company as a group, which controls approximately 85% of the stock, would receive approximately $2.13 per share and the remaining shareholders would receive $4.50 per share.
The Company anticipates that, if the transaction is completed, the closing would occur within approximately 90 days.
Under the terms of current negotiations, the Company will continue to execute its business plan in accordance with current strategies.
There is no assurance that the Company will reach an agreement to dispose of TEC, or that if an agreement is reached, it will result in consummation of a transaction on the terms described.
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results may differ materially from such forward-looking statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances.
Contact:
Tandem Energy Holdings Inc., Midland
Mickey Cunningham, 432-686-7136
mgcunningham@tandem-energy.com
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Announce Buyout Announcement Stock Exchange Date ~Closing Date Buyer price high TWOG Pink 12/9/2005 2/28/2006 BDWD $.049 $0.021 TDYH Pink 1/17/2006 4/17/2006 PGRI $4.50 $4.25 NDOL Pink 4/6/2006 ??? NW Oil $2.17 $.29 ASPR OTC 4/11/2006 2Q MFCD $1.065 $.63 JPHC Pink 4/25/2006 ??? APOA $.005 $.0009 IDWD Pink 7/3/2006 ??? ??? $1.75 $1.17 GCFI Pink 7/7/2006 ??? Lyamec $2.25 $.30 FHAL OTC 7/12/2006 ??? CVSU $7.21 $.35
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