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Accredited Business Consolidators Corp. Provides Closing 2009 Summary
DOYLESTOWN, PA--(Marketwire - January 4, 2010) - Accredited Business Consolidators Corp., trading as Italian Oven (PINKSHEETS: IOVE), provides an update on its subsidiaries:
Accredited Business Consolidators Corp. officially closed the accounting on December 31, 2009.
Telecom Tools, Inc.: TTI is in the process of filing patent rights for a telecom tool modification. TTI planned on submitting the patent before the end of 2009, but on the advice of counsel, the filing was delayed to modify language within the patent and to update the drawings. TTI believes that the patent will be completed shortly (ten days) and it will be emailed to shareholders and released on our website.
Richwood Eco Ventures, Inc.: REVI closed the accounting year with one completed paid small order of wood on its books, and one pending order listed as a payable. Originally, it was not believed that REVI would complete any transactions in 2009. The receipt of the payment and completion of the first order makes it clear that REVI is not a shell company and can file the appropriate registration statement to enable distribution to the shareholders.
Accredited Suppliers Corp.: ASC closed the accounting year with a few thousand dollars in sales. This represented just about eight days of work by ASC. ASC is presently analyzing the return on investment for the auto parts purchased and resold. These transactions will give the company an idea as to how to proceed, and it will enable the company to audit the transactions and file its registration statement for divesture to the shareholders.
Bankruptcy Claims Fund, Inc.: BCF maintained agreements with third parties to purchase over $8,000,000.00 in face value Lehman Brothers debt. Under the terms of the transactions, BCF maintained the right to cancel the transactions and purchase the securities on the open market if the equity was trading under $.25 per share of LEHKQ, LEHLQ, LHHMQ, and LEHNQ. Recently, the share price did fall. As such, BCF invoked the clause and purchased shares on the open market rather than executing an assignment. As stated previously, the Company chose to place the ownership of the Lehman Brothers debt in the treasury of IOVE rather than BCF. Therefore, the Company purchased 393,159 shares with a face value of $25.00 at an average price of $.20 per share for a total cost of $78,760 in cash. The shares are held by Interactive Brokers LLC and OptionsXpress Inc. for the benefit of the Company. Our immediate plan is to hold the shares until the bankruptcy is completed. We may purchase more shares.
Marilyn Boutique (3-101-532180 S.A.), Soluciones Faciles, S.A., and Industrial Supply Company LLC are not considered subsidiaries of IOVE because we only own 25%. We are presently a passive investor in the entities. We do not have current plans to divest ourselves of the shares in these entities.
Envirocare Corp. continues to explore opportunities in the environmentally friendly construction supply field. It remains in negotiations with Green World Crete of Florida and is exploring the feasibility of entering a joint venture with GWC to build an environmentally friendly concrete factory in Leon, Nicaragua. Presently, IOVE maintains no plans to divest itself of its Envirocare stock.
Italian Oven Financial, Inc., Italian Oven International Inc., Italian Oven Intellectual Property Corp., Italian Oven Technologies, Inc., Italian Oven Travel & Entertainment Corp., remain holding subsidiaries that presently have no revenue and are not planned for divestiture.
Accredited Hospitality Group, Inc., a wholly owned subsidiary of IOVE, invested in an undisclosed holding corporation that purchased a small hotel. The hotel plans to conduct a public offering to raise capital to build a new complex consisting of modern rooms, a storage facility, a safe deposit box facility, Laundromat, internet café, and business center. After the filing of the registration statement, AHG may choose to divest itself by dividend of the interest in the corporation since it will not be majority controlled by IOVE. It may also offer IOVE shareholders to be the first persons authorized to participate in the public offering depending on an opinion from legal counsel.
Accredited Consolidators Europe PLC is currently in the process of obtaining its permission to trade from the United Kingdom. A delay occurred in connection with opening a bank account for the company because of its dual citizenship. It is a requirement of United Kingdom law to demonstrate the purchase of shares. Bank of America recently opened an account for ACE. Therefore, the process is now moving forward.
IOVE tentatively retained an auditor for its prior financial statements and the statements of its subsidiaries.
AEHI Expects to Close Deal to Import Korean Reactors in Early 2010
BOISE, ID--(Marketwire - January 4, 2010) - Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): Don Gillispie, AEHI's CEO, left today for Seoul to finalize negotiations with Korean Electric Power Company, KEPCO, to import the South Korean's advanced reactor, APR 1400, for its Idaho and Colorado sites.
Don Gillispie noted, "We expect the agreement to be similar to the UAE agreement announced last week, such technology should give AEHI a serious competitive advantage."
The Economist magazine reported on December 30, 2009, "Competition for the (UAE) contract had been stiff. GE and Hitachi, two engineering giants, had launched a joint bid, as had a consortium led by France's nuclear champion, AREVA. ... But the chief allure of the Korean bid was price. It was reportedly billions of dollars cheaper than the others."
AEHI executives traveled to Korea about a year ago presenting to KEPCO and key government leaders regarding the financial benefits of exporting their advanced reactor.
Gillispie said, "We are pleased to have played a small part in encouraging the Koreans to export their superior reactor and now we would like to complete our negotiations to bring the APR 1400 into the US for the first time including helping achieve NRC design certification."
Applied Nanotech Holdings, Inc. Announces R&D and License Agreement With Prominent Sporting Goods Manufacturer
AUSTIN, TX--(Marketwire - January 4, 2010) - Applied Nanotech Holdings, Inc. (OTCBB: APNT) announced that it has entered into a License and Research and Development agreement related to its carbon nanotube composite technology (epoxy/CNT) with a prominent sporting goods manufacturer. This agreement follows the successful research & development project, which resulted in a license agreement for tennis and badminton racquets in October 2008, with the same manufacturer.
This purpose of this research agreement is to extend the previous license agreement by tailoring Applied Nanotech's patented epoxy/CNT nanocomposite technology for use in a specific new sporting goods application in order to further improve the product performance. Applied Nanotech has received $250,000 for the research portion of this agreement.
Upon successful completion of the project, the sporting goods manufacturer has an option to license the technology for certain predefined terms, including an initial license fee and ongoing royalty payments, on an exclusive basis in specific territories and on a nonexclusive basis worldwide. The project is expected to be concluded, and the initial license payment received, no later than November 30, 2010.
"Our aim is to provide our partner with fiber reinforced plastics (FRP) technology with mechanical improvements that will allow them to design and introduce new products, which are lighter and more attractive," said Dr. Zvi Yaniv, CEO of Applied Nanotech, Inc. "Currently we achieved over 30% improvement in flexural strength of FRPs, which is equivalent to the realization of between 10% and 20% lighter products while preserving their mechanical strength."
"Composites are becoming an increasingly important area of our business," said Doug Baker, CEO of Applied Nanotech Holdings, Inc. "We are pleased that our partner is continuing its high level of interest in our technology. Expansion of our agreement from tennis and badminton racquets to other sporting good applications dramatically increases the revenue potential for us."
Optigenex Inc. Agrees to Long-Term License Granting Promethean Corporation Exclusive North American Distribution Rights for Cosmeceutical and Dietary Supplement Products Containing AC-11® in the Direct Sales (Network Marketing) Distribution Channel
Agreement Also Grants Promethean Exclusive Licensing and Sub-Licensing Rights in China, as Well as Additional Channel Rights on a Non-Exclusive Basis in North and Central America, and Australia; Financial Terms Were Not Disclosed
NEW YORK, NY--(Marketwire - January 4, 2010) - Optigenex Inc. (PINKSHEETS: OPGX) announced today the signing of a long term exclusive license agreement with Promethean Corporation for distribution and marketing of branded cosmeceutical and dietary supplement products containing AC-11®, a patented, all-natural rain forest botanical extract manufactured by Optigenex that helps the body's natural ability to repair damaged DNA as a result of overexposure to the sun and other environmental stressors. Under the new agreement, Promethean through its wholly owned subsidiary, Ceres Living will market the "AIO Premium Cellular Health™" line of advanced dietary supplements, as well as specially formulated next generation topical skin care products with AC-11®. The contract vests Promethean with exclusivity in the North American "Direct Sales" or "Network Marketing" distribution channel coinciding with the expiration of similar channel rights previously held by former licensee. In addition to North American Direct Sales channel rights, Promethean will exercise exclusive rights and sublicensing rights in all channels in China and certain additional non-exclusive channel rights in North and Central America and Australia.
Daniel Zwiren, president and CEO of Optigenex Inc. said, "Teaming up with Promethean promises to be the perfect start of a new decade for Optigenex. The management at Promethean and its wholly owned subsidiary, Ceres Living are professionals with a proven record in business management and the Direct Sales (Network Marketing) distribution channel. We are excited to see the AC-11® brand and our unique theme of DNA health associated with the innovative technologies behind AIO Premium Cellular Health™."
Matthew Henninger, Chairman & CEO of Promethean Corporation, added, "We had wanted to work with the Optigenex team and their product AC-11® since before we developed the AIO Premium Cellular Health™ product line. Now that timing has allowed our two companies to align, we look forward to continued collaborative research and development of products that offer the best technologies in cellular health and nutrition."
This board is not for pumping of any stock. News is made available as soon as it can be. I try to post real time news to help you make decisions on stocks. We all realize that news doesn't always move these stocks the way we would like, but it can help with making a decision.
Be sure and do your own DD and do not mistake any of these posts as my recommendation on any of these stocks.
Global Gateway Signs Agreement to Deliver Content on IPTV
LOS ANGELES, CA--(Marketwire - January 4, 2010) - Global Gateway Media & Communications, Inc. (PINKSHEETS: GGMC), formerly Zcom Networks, Inc., announced today that its wholly owned subsidiary Speedia Media, Inc. has executed an agreement to deliver its content over IPTV in addition to satellite coverage.
IPTV is a system in which a digital television signal is delivered using Internet Protocol over a network infrastructure, which may include delivery by a broadband connection. Viewers worldwide have access to digital international TV channels through their television sets, desktop computers or laptops. This unique technology uses a two-way digital broadcast signal which converts data requests into video content for viewers.
"This is a significant milestone for us. In the coming years we expect the residential IPTV market to grow at a brisk pace as broadband becomes available to more than 400 million households worldwide and many of the world's major telecommunication providers are offering IPTV as a new revenue opportunity for their existing markets," said Dr. Alex Parsinia, CEO of Global Gateway. "In addition, there are a growing number of IPTV installations within schools, universities, corporations and local institutions for content delivery," he added.
For more information, please visit www.globalgatewaymedia.com.
www.talkmoneytv.com
Metatron Inks Mobile Distribution Agreement With Momentum Entertainment and Sports Network, LLC
New Deal Brings Distribution to 50 Countries and 650 Million Mobile Phone Users
SAN DIEGO, CA--(Marketwire - January 4, 2010) - Metatron Inc. (PINKSHEETS: MRNJ) today announced that its i-Mobilize subsidiary has entered into a mobile distribution agreement with Momentum Entertainment and Sports Network, LLC (http://www.mesntv.com). The venture will include a series of iPhone and Droid applications for MESN's popular sports, reality, and lifestyle TV shows including Destination-X, Zone-X and Josh and JB.
MESN is a leading provider of entertainment and sports programming which to date has distributed over 180 episodes of High Definition programming through CBS, NBC, CW, Syndicated TV, AOL Video, Hulu.com, and through a network reaching over 50 countries worldwide. MESN also syndicates mobile phone content and provides mobile phone text messaging and chat applications through its worldwide network of mobile phone partners reaching nearly 650 million mobile phone users through 71 partners including Sprint, Verizon, Boost Mobile, Cingular and more.
The first MESN app features Destination X TV star Tara Rice who has been featured in Maxim and appears in the movie "Fast and Furious."
"We are excited to announce our new partnership with MESN and the opportunity to distribute their popular first-class content to iPhone and droid users world-wide. This major agreement moves i-Mobilize one step closer to reaching its goal of being the fourth largest distributor of mobile content by Spring 2010, behind only Google, Apple and Amazon," said Joe Riehl, Metatron CEO.
NBRI news out:
North Bay Resources Inc. (NBRI) Stakes Major Position in Zeballos Gold Camp
SKIPPACK, PA--(Marketwire - January 4, 2010) - North Bay Resources Inc. (PINKSHEETS: NBRI) ("North Bay" or the "Company") is pleased to announce that it has acquired a major position in the historic Zeballos Gold Camp by staking claims to 2,001 contiguous acres containing several high-grade gold deposits, with documented assays as high as 10.34 ounces (321.7 grams) of gold per tonne.
The Zeballos Gold Property is located approximately three kilometers north of the village of Zeballos on the west coast of Vancouver Island in southwestern British Columbia. The property encompasses eight past-producing gold mines with high-grade assays of gold mineralization. Three of these, the Golden Gate, Tagore, and Beano mines, are on open ground unencumbered by crown grants, and will be the primary focus initially.
The Golden Gate mine (MINFILE 092L 005) features a sulphide-rich vein system that is known to be over 168 metres in length. A 0.9 metre channel sample returned 25.4 grams (0.81 ounces) per tonne, and diamond drilling has encountered a 9.8 metre intercept of 9.6 grams per tonne gold, including a 1.5 metre section assaying 135.7 grams (4.36 ounces) per tonne gold and 44.2 grams per tonne silver.
The Tagore mine (MINFILE 092L 006) is situated approximately 1 kilometer due west of the Golden Gate. Limited mining in the past is documented to have averaged 2.86 ounces per tonne gold and 4.64 ounces per tonne silver.
The Beano mine (MINFILE 092E 002) is situated 1.5 kilometers southeast of the Golden Gate mine. Samples of massive pyrrhotite in the area have assayed up to 321.7 grams (10.34 ounces) per tonne gold and 6.8 grams per tonne silver over narrow widths.
The other mines within the claim group are the Roper (MINFILE 092L 013), North Star Gold (MINFILE 092L 017), Lone Star (MINFILE 092L 015), Rimy (MINFILE 092L 016), and Mount Zeballos (MINFILE 092L 012) mines, with documented assays as high as 3566 grams (114.66 ounces) per tonne gold. These mines are located in a cluster of crown grants approximately 2 km northeast of the Golden Gate mine. While it is known that several of the crown grants have been forfeited, further due diligence will be required to determine if the new claims include the rights to these resources as well.
A 2003 report by the British Columbia Ministry of Mining (MEMPR) entitled "Gold Opportunities in Southwest BC" states that "9.15 million grams Au were produced from 18 underground Au-quartz deposits in the Zeballos District on northwest Vancouver Island. Three deposits host resources totaling 395,000 tonnes @ 12.83 g/t Au containing 5 million grams Au. The district has potential for very high grade (150 g/t ) Au-skarn deposits evidenced by production grades from Beano (092E002) & Tagore (092L006)." As has been noted above, North Bay now holds a 100% ownership position in both the Beano and Tagore deposits.
In 2004, a report published by the British Columbia Geological Survey states in its introduction that the Zeballos mining camp was an important gold producer in the 1930's and 1940's, and remains "in all likelihood significantly underexplored" (Source: Geological Fieldwork 2004, Paper 2005-1; Marshall, D., Close, S., Podstawskyj, N. and Aichmeier, A.; Gold Mineralization and Geology in the Zeballos Area, Nootka Sound, Southwestern British Columbia).
From 1998 to 2007, most of the Zeballos property was owned and operated by Newmex Minerals Inc., with the primary focus on the areas surrounding the crown-granted Privateer mine. Despite the results of a 2005 NI 43-101 report that recommended continued work on the property, Newmex decided to shift its focus from precious metals to oil and gas production (Source: Newmex Minerals press release August 10, 2005). Newmex subsequently changed its name to BlackPearl Resources Inc. in 2006, and in 2007 elected to let the Zeballos property lapse. It has since changed hands between several vendors, and a recent forfeiture allowed North Bay to claim the majority of it.
Links to all of the documents referenced in this press release are available on the Zeballos Gold page at the Company website, at http://www.northbayresources.com/zeballos.html.
MMRF with joint venture news:
MMR Information Systems, Inc. Completes Joint Venture Agreement With Unis-Tonghe Technology, a Division of Tsinghua Holdings in China
LOS ANGELES, CA--(Marketwire - January 4, 2010) - MMR Information Systems, Inc. (OTCBB: MMRF) ("MMR") and Unis-Tonghe Technology (Zhengzhou) Co., Ltd. ("UNIS"), confirmed today that they have signed a definitive Joint Venture Agreement to deploy a customized version of MMR's MyMedicalRecords proprietary Personal Health Record ("PHR") services and MMRPro professional document imaging and management solutions in China. UNIS, a subsidiary of Unisplendour Corporation Limited (SHE: 00938) (www.unis.cn), and a division of Tsinghua Holdings Co., Ltd., is one of China's leading IT firms, employing more than 25,000 people.
Luo Jianhui, Vice President and Chairman of Unisoft Group, Unis-Tonghe Technology, and Robert H. Lorsch, Chairman and Chief Executive Officer of MMR Information Systems, Inc., made the announcement. The Joint Venture, working with Nihilent, MMR's technology partner in India, will integrate the MyMedicalRecords PHR (www.mymedicalrecords.com) and MMRPro system (www.mymedicalrecordsmd.com) into an EMR health IT platform to be used in China's vast healthcare market. MMR also plans to work with UNIS to ultimately provide electronic safe deposit box storage solutions based on its MyEsafeDepositBox (www.myesafedepositbox.com) to the financial, legal and insurance industries, which UNIS will help MMR introduce in China.
UNIS intends to launch the MyMedicalRecords technology platform along with a Chinese Electronic Medical Records ("EMR") system using MMR and UNIS technology in support of a massive UNIS medical records development project for China's 18,000 public hospital system, which will also be offered to as many as 10,000 private hospitals throughout the country. China does not currently have a method of electronically acquiring, storing or transporting individual health records.
According to MMR CEO Robert H. Lorsch, "The Chinese version of MMR's popular Personal Health Record, plus integration of MMRPro into a Chinese EMR system, will benefit Chinese citizens by providing them access to copies of their own personal health information. Currently, the Chinese population has very limited access so clearly this solution will make it easier to share medical records throughout the public and private Chinese hospital system, which has not been easily done in the past. By enabling hospitals and doctors to share a patient's health history utilizing existing medical records, the best possible care can be provided while reducing medical costs to individuals and the government."
China's hospitals, located in over 4,000 cities, are not connected electronically. MMR and UNIS' technology and commercialization teams will employ UNIS' Cloud Computing Platforms in operating MyMedicalRecords systems in conjunction with the Ministry of Health and other government, financial, legal and medical entities in China in an effort to bring health care into a unified network to benefit patients.
IDOI completes rd 2 tests of mag shoe
IDO Security Announces Successful Completion of 2nd Round Testing for New MagShoeTM Model
TEL AVIV, ISRAEL--(Marketwire - January 4, 2010) - IDO Security, Inc. (OTCBB: IDOI) (www.idosecurityinc.com), developer of the innovative MagShoe™ "shoes-on" weapons metal detection system, announced today that the new, upgraded MagShoe™ models have successfully completed the second round of testing.
The new upgraded models, scheduled to be launched in March 2010, have successfully completed the second round of tests that included field tests in a live environment. The field tests were conducted in Tel Aviv, Israel and Vienna, Austria and were completed successfully.
IDO Security CEO, Michael Goldberg, stated, "The recent bombing attempt on flight 253 to Detroit demonstrated the urgency in introducing the new models to the market. We have seen once again that Terrorists are focusing on the lower part of the body to conceal weapons and explosive devices and that in most cases some form of metal is present as a part of the explosive device, in this case a syringe which contained metal."
Mr. Goldberg further stated, "The new MagShoe models, with their multi-zone detection capabilities, have a much higher detection area to enable it to detect exactly in these 'problematic areas,' where detection is more difficult. We expect to have the first deployments of the new MagShoe models during the second half of 2010."
ANX submits NDA:
SAN DIEGO, Jan. 4 /PRNewswire-FirstCall/ -- ADVENTRX Pharmaceuticals, Inc. (NYSE Amex: ANX) announced today that it has submitted a New Drug Application (NDA) to the U.S. Food and Drug Administration (FDA) for its product candidate ANX-530 (vinorelbine injectable emulsion).
"I congratulate our development team for achieving this important milestone on schedule in December, as planned. ANX-530 has the potential to offer important benefits to cancer patients, and we look forward to working with FDA towards its approval," said Brian M. Culley, Principal Executive Officer of ADVENTRX. "The ANX-530 NDA submission is a key step in our strategy to create valuable products that improve the performance of currently approved drugs."
The Company is seeking approval of ANX-530 for the same indications as Navelbine®, a branded formulation of vinorelbine, including non-small cell lung cancer. ADVENTRX submitted the NDA as a 505(b)(2) application, which relies in part on the FDA's findings of safety and effectiveness of a reference drug. The Company's 505(b)(2) NDA submission includes data from one clinical bioequivalence study designed to assess the pharmacokinetic equivalence of ANX 530 and Navelbine, the reference drug.
ANX-530 is ADVENTRX's proprietary emulsion formulation of vinorelbine. Vinorelbine is a vesicant and venous irritant, and these adverse effects can limit its tolerability. ANX-530 was designed to be bioequivalent to the reference drug while reducing the incidence and severity of vein irritation associated with intravenous delivery of the drug. In a clinical bioequivalence study, ANX 530 and the reference drug were determined to be bioequivalent.
ADVENTRX acquired ANX-530 in 2006 and retains exclusive worldwide rights to ANX-530, other than in China, Hong Kong, Macau and Taiwan.
USOG with sales increase:
United States Oil and Gas Corporation Releases Preliminary Results From December Sales at Subsidiary; 22% Increase
AUSTIN, TX--(Marketwire - January 4, 2010) - United States Oil & Gas Corporation (PINKSHEETS: USOG), a growing oil and gas products, services and technology company, is pleased to report that sales during the month of December at the Company's wholly owned subsidiary, Turnbull Oil, were significantly higher than during the same period last year.
Despite missing five days due to the recent severe winter storms that have hit the Midwestern states including Kansas, where Turnbull operates, the Company has posted higher sales in two of its key product areas, diesel and propane. To date compared to last December, monthly sales of diesel and propane are up 22% and 6%, respectively.
Strong demand from the oil field industry, a key part of Turnbull's customer base, has been driven in large part by the price of crude oil at around $80 per barrel. Increased demand for the Company's fuel services and products has in turn driven sales volume higher and will likely contribute to revenues for the fourth quarter that will be above expectations. This follows what was already a strong third quarter from Kansas farmers' harvesting record corn and soybean crops. Complete details of the Company's earnings will be provided after the quarter ends.
Because Turnbull has strong and consistent margins on its fuels and a relatively large, established customer base, the business has been able to turn a profit and increase revenue even in a down economy. Furthermore, the opportunity to significantly expand Turnbull's operations in the region through several acquisition candidates is available, and the Company looks forward to continuing to grow strategically in 2010.
EYSM news:
Elysium Internet's Chiropractor.net to Exhibit at 18th Annual ICA Symposium on Natural Fitness Featuring a Presentation by CA Governor Arnold Schwarzenegger
Company Expects Positive Cash-Flow and Record Sales for Q1 of 2010
OLDSMAR, FL--(Marketwire - January 4, 2010) - Elysium Internet, Inc. (PINKSHEETS: EYSM), an emerging leader in local performance-based Internet advertising and digital media, today announced plans to exhibit its natural page-one ranked performance-based local Chiropractors directory www.Chiropractor.net at the International Chiropractors Association (ICA) 18th Annual Natural Fitness Symposium in Columbus, Ohio.
Elysium CEO Scott Gallagher commented, "Our performance-based local advertising model has already been very well received within the Chiropractic industry. Since the initial launch of the site on December 21st, www.Chiropractor.net is now organically ranked on page-one of two of the three largest search engines in the world for key industry search queries. We're very excited about the opportunity to present our local patient acquisition program directly to Chiropractor's at this year's ICA Natural Fitness Symposium supported by the world's most famous Chiropractic patient, CA Gov. Arnold Schwarzenegger."
Gallagher continued, "Based on the current rate of growth across our network of local performance based professional directories, we now expect to report record top-line revenue and turn cash-flow positive for the first quarter of 2010."
WNRC acquisition news:
http://www.marketwire.com/press-release/Wenr-Corp-1096772.html
WENR Corporation Signs Letter of Intent to Acquire Cable Company
SALT LAKE CITY, UT--(Marketwire - January 4, 2010) - WENR Corp. (PINKSHEETS: WNRC) is pleased to announce it has entered into an agreement to acquire Satview Broadband Ltd. of Reno, Nevada. Satview has subscribers in Nevada and Utah. It is a provider of cable television and Internet broadband. WENR expects to close on this LOI during the second quarter of this year. Terms were not disclosed.
Satview has been in operations for nine years and is headquartered in Reno, Nevada. Current management will remain with the company and operations will continue in Reno. The company has modest debt and operates with a positive cash flow.
"We are excited about this acquisition," said Dan Green, CEO of WENR Corp. He further stated, "With a cable operator and television stations we are transforming WENR into a media enterprise. Our goal is to acquire other cable operators on a low cost subscriber basis."
The Company is continuing with its plans to develop a financial channel for small-capitalized companies with the channel KELM-43 in Reno. The Company is developing a financial oriented network with a focus on bulletin board and pink sheet companies. The format initially will be a profile of companies using their own promotional footage with in-studio interviews.
TDGI news from 12/31:
http://www.marketwire.com/press-release/Target-Development-Group-Inc-1096645.html
Hannover on Target for Major Title Acquisitions
SPRINGDALE, AR--(Marketwire - December 31, 2009) - Hannover House, the film and video distribution division of Target Development Group, Inc. (PINKSHEETS: TDGI) (Other: www.TargetDevelopmentGroup.com, www.HannoverHouse.com), is closing in on the acquisition of distribution rights for three additional feature films described by the company as "major profile releases with significant commercial value for the theatrical, video and television markets."
These new titles will supplement the company's existing release slate of approximately 30 video releases, 4 theatrical releases and 5 new release book properties already set for release during 2010. Hannover will also implement several catalog sales promotions in support of the company's extensive library of DVD and Blu-ray properties.
"We're encouraged by the quality and quantity of new films being offered to Hannover House now that we've joined forces with Target Development Group," said C.E.O. Eric Parkinson. "The company is uniquely positioned to provide access to theaters, video retailers and television outlets throughout North America, and our management team is known and respected within the industry. The marriage of Hannover House into Target was the catalyst for obtaining new credit funding and off-balance-sheet financing opportunities that have made the acquisition of major titles both realistic and obtainable."
Each of the four theatrical titles already acquired by Hannover House and Target Development Group will be individually announced during January. Pending approval from licensors, Hannover and Target plan to announce details of new acquisition titles at the Sundance Film Festival, occurring in late January in Park City, Utah.
The corporate websites for both Hannover House and Target Development Group have been substantially updated and redesigned, but have not yet been published live onto the internet as the company awaits formal announcement of each of the key titles. Additionally, the company plans to post consolidated 2009 year-end results by Friday, January 8, along with a management discussion and revenue forecasts for Q1, 2010.
"This is an exciting time for Hannover and Target," Parkinson continued. "Producers and program rights owners are actively seeking deals with us which will enable us to achieve our goals more quickly than originally anticipated."
GOIG news from Thursday, Dec 31: Sale of China based assets
NEW YORK, Dec. 31 /PRNewswire-FirstCall/ - GoIP Global Inc. (GOIG; http://www.goigcorp.com) announces the sale of its China based assets to assure profit increase for its shareholders in the upcoming quarters.
Apart from selling its EE Global subsidiary as announced in the press release from Dec 21, 2009, and in the light of the company's upcoming debut of its Go800 made-for-mobile service that the company has already submitted patent application and registered with the largest US cell phone providers, GOIG decided that the best way to increase shareholder value is to sell off its remaining China based assets, namely its SPC Belize (Special Purpose Company), namely Wuhan Media and Yezhifeng Media.
The buyer is a US based MonArc Corp www.monacorporation.com who will complete the purchase on all stock basis of about 1.5 billion shares. Filings will be made on Pink Sheets shortly.
Ike H. Sutton, the CEO of GOIG, said, "We've decided to sell our China based subsidiaries and fully focus on our US operations, where our shareholders can easily track and even contribute to our market success. We expect to launch our Go800 service in the 1st quarter of 2010. This service has a tremendous upside and we expect to fully capitalize on the made-for-mobile market and substantially raise the share value. This is a new, revamped and polished GOIG, and the shareholders will reap the rewards soon."
nice board,
stop by my board anytime.. all news all the time..
Hot Sauce #5 board
http://investorshub.advfn.com/boards/board.aspx?board_id=14674
Not a premium member so can't post on your board.
It's your prerogative, I can understand if you didn't know that a board exactly the same as your start up exists.
You'd be more than welcome to post on it-
Why start up a duplicate board when one already exists?
Why not just post on this one that is already established.
Breaking Stock-Related News
http://investorshub.advfn.com/boards/board.aspx?board_id=1508
POWN with Disney related news!!
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pown#getNews
Disney buys stake in Stan Lee venture
LOS ANGELES, Jan 2, 2010 (UPI via COMTEX) -- The Walt Disney Co. reportedly purchased a 10 percent stake in POW! Entertainment, a production company formed by U.S. comic book creator Stan Lee.
The Hollywood Reporter said Saturday Disney's $2.5 million stake purchase expands the company's ties to Lee's production group as Disney and POW! signed a first-look arrangement in 2007.
The Reporter said Disney is also acquiring exclusive consulting services and unspecified "enhanced rights" from POW!
Lee, who helped form POW! in 2001, is best known for helping create famous comic book characters such as Spider-Man, Iron Man, the Fantastic Four, the Hulk, Daredevil and the X-Men.
The Reporter said Disney's plan to merge with Marvel Entertainment was approved by Marvel stockholders Thursday.
The merger, which is subject to conditions with documents filed with U.S. Securities and Exchange Commission, is estimated to be worth $4.3 billion.
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