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Can you provide a link to this forward?
AMUG must be RM coming..7 for 1 FS next week.Filing shell with 11 mil OS..DF
I hope this fits the bill for what this board is about. Sorry in advance if it is not.
JMCP was a shell and now has acquired a Gold company, and this is to help them with an OIL company also (long term). Yesterday 1/2 billion in volume, current PPS .0001 I dont think it will stay there for long.
ICNR, GRLZ, BDEV getting some action...
Where you got those numbers from? eom
sorry meant float.eom
You mean 50 Million O/S? eom
CAML, more volume, something might be coming soon on this shell.
JPEI 14M o/s Shell for Sale,CONTACT http://www.questorfund.com/contact.html Managing Director Wallace Rueckel
SIXN - .16 x .40 Name Change
Outstanding Shares: 475,206 as of MAY 17, 2006.
01/23/2007 14:00:49|S2|IHGP|SIXN|Infinite Holdings Group Inc. Common Stock|649.Com Inc New Common Stock|01/24/2007|**|||u
PGNF Binding Agreement PR for 23rd January 2007...just released:)
Paragon Financial Corporation Enters into Binding Agreement to Acquire Latin American Technology Firm with Revenue Forecast of $30 Million for 2007 with Net Income
Tuesday January 23, 8:53 am ET
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Paragon Financial Corporation (OTC:PGNF - News) today announced entering into a binding agreement to acquire a Latin American technology subsidiary from NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket's Latin American operations booked over $20 million in profitable revenue in 2006. The results of those operations are currently under routine independent audit review. Similar revenue results were reported and audited in 2005.
Upon closing the transaction, NewMarket Technology will become the majority shareholder in Paragon Financial, and management anticipates changing the company's name to NewMarket Latin America. NewMarket is forecasting a 50% increase in revenue in 2007 to $30 million with net income.
Mr. Paul Danner, CEO of Paragon Financial, said, "We are pleased to provide Paragon shareholders with an alternative investment scenario in the rapidly growing technology sector in Latin America. All parties look forward to closing the transaction before the end of the first quarter."
About Paragon Financial Corporation
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain information contained in this announcement are "forward-looking statements." Paragon cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Paragon. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the mortgage industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Factors which may affect results include, but are not limited to, the ability to raise capital necessary to sustain operations and implement the business plan, the ability to obtain additional regulatory permits and approvals to operate in the financial services area, the ability to identify and complete acquisitions and successfully integrate acquired businesses, if any, the ability to implement the company's business plan, changes in the real estate market, interest rates or the general economy of the markets in which the company operates. Additional information regarding Paragon is contained in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contact:
Paragon Financial Corp.
Paul Danner, 904-285-7171
Binding Agreement PR for 23rd January 2007...just out:)
Paragon Financial Corporation Enters into Binding Agreement to Acquire Latin American Technology Firm with Revenue Forecast of $30 Million for 2007 with Net Income
Tuesday January 23, 8:53 am ET
PONTE VEDRA BEACH, Fla.--(BUSINESS WIRE)--Paragon Financial Corporation (OTC:PGNF - News) today announced entering into a binding agreement to acquire a Latin American technology subsidiary from NewMarket Technology, Inc. (OTCBB:NMKT - News). NewMarket's Latin American operations booked over $20 million in profitable revenue in 2006. The results of those operations are currently under routine independent audit review. Similar revenue results were reported and audited in 2005.
Upon closing the transaction, NewMarket Technology will become the majority shareholder in Paragon Financial, and management anticipates changing the company's name to NewMarket Latin America. NewMarket is forecasting a 50% increase in revenue in 2007 to $30 million with net income.
Mr. Paul Danner, CEO of Paragon Financial, said, "We are pleased to provide Paragon shareholders with an alternative investment scenario in the rapidly growing technology sector in Latin America. All parties look forward to closing the transaction before the end of the first quarter."
About Paragon Financial Corporation
Paragon Financial Corporation has been a financial services business focused on the acquisition of companies that originate mortgages loans or provide other financial services. Subsequent to the recent sale of its Paragon Homefunding subsidiary, acting management is currently exploring a range of alternative business strategies to maximize shareholder value.
"SAFE HARBOR STATEMENT" UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Certain information contained in this announcement are "forward-looking statements." Paragon cautions readers that certain important factors may affect actual results and could cause such results to differ materially from any forward-looking statements which may be deemed to have been made in this announcement or which are otherwise made by or on behalf of Paragon. The forward looking statements are identified through use of the words "potential," "anticipate," "expect," "planned" and other words of similar meaning. These forward-looking statements may be affected by the risks and uncertainties inherent in the mortgage industry and in the Company's business. The Company cautions readers that certain important factors may have affected and could in the future affect the Company's beliefs and expectations and could cause the actual results to differ materially from those expressed in any forward-looking statement made by or on behalf of the Company. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof. Factors which may affect results include, but are not limited to, the ability to raise capital necessary to sustain operations and implement the business plan, the ability to obtain additional regulatory permits and approvals to operate in the financial services area, the ability to identify and complete acquisitions and successfully integrate acquired businesses, if any, the ability to implement the company's business plan, changes in the real estate market, interest rates or the general economy of the markets in which the company operates. Additional information regarding Paragon is contained in the Company's Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission.
Contact:
Paragon Financial Corp.
Paul Danner, 904-285-7171
PGNF (Paragon Financial, proposed reverse merger/ spin-off of NewMarket Latin America, subsidiary of NewMarket Technology NMKT)
This is a post I put on the PGNF board concerning the proposed reverse merger/ spin-off of NewMarket Latin America, subsidiary of NewMarket Technology NMKT into PGNF,it seems to fit your boards criteria...
Carried out some DD on Newmarket Latin America (currently a subsidiary of NewMarket Technology, NMKT) and the pending spin-off/ reverse merger with PGNF (see PR of 30 November 2006 for detail, http://biz.yahoo.com/bw/061130/20061130005761.html?.v=1
I wanted to find out some more information to estimate the possible share value of PGNF, assuming the RM goes ahead as planned, and to see what the current revenue estimates stated for NMKT as a whole for 2007, could be apportioned to NewMarket Latin America.
If you check out p.14 of the following Report:
http://www.beaconequityresearch.com/report/20061206091121NMKT_ru.pdf
it states that Foreign Operations account for 65.5 % of NMKT total revenues, of which:
NewMarket Latin America (26% of NMKT overall total)
Brazil and Chile (UniOne) = 24%
Venezuela (RKM) = 2%
Newmarket China (36% of NMKT overall total)
Newmarket China and Clipper = 36%
(now trading under IICP following recent reverse merger)
Singapore (Infotel) = 3.5% of NMKT overall total)
NMKT revenue estimates for 2007
NMKT revenue estimates for 2007 are stated as $120 million of which they have estimated that NewMarket China (IICP) will have revenues of c.$40 million
http://biz.yahoo.com/bw/061229/20061229005160.html?.v=1
Based on these figures and assuming that the overall revenue proportion to NMKT of it's overseas business remains approximately the same as above (i.e. 65.5%), then NewMarket Latin America estimates of revenue could be in the region of $31.2 million, calculated as follows:
Overseas Revenues:
$120million x 65.5% = $78.6 million
NewMarket China (now IICP) = $43.15 million
Singapore (Infotel) = $4.17 million
NewMarket Latin America (reverse merger pending with PGNF)= $31.28 million
Net Income for NMKT as a whole is between 5-7%. NewMarket China Operations are currently not profitable, but NMKT as a whole is. NewMarket Latin America has profitable revenues of over $20 million for 2006, as stated in PR of 30 November 2006:
http://biz.yahoo.com/bw/061130/20061130005761.html?.v=1
Therefore, 5% is used as a conservative estimate when calculating net income for NewMarket Latin America:
2006
c.$20 million = $1 million net income
Based on O/S of 150 million (stated as 144 million by the Company, on 30.11.06, but not verified)
EPS = 0.0067
PE 10 = 0.067 pps
PE 20 = 0.134 pps
2007 (estimate)
$31.2 million = $1.56 million net income
Based on an O/S of 150 million (stated as 144 million by the Company, on 30.11.06, but not verified)
EPS= 0.0104
PE 10 = 0.104 pps
PE 20 = 0.208 pps
NMKT have also stated that there could be possible additions to revenue streams (up to $200 million) from aquisition and mergers, as stated in their PR December 13th 2006. This may or may not affect the NewMarket Latin America operations and has therefore, not been taken into consideration at this stage
(see http://biz.yahoo.com/bw/061213/20061213005860.html?.v=1 )
Certainly see multi-bagger potential here for 2007:)
GLTA
That date should have been 1/8/2007. Sorry.
RTGV chart from post on RTGV board
http://www.investorshub.com/boards/read_msg.asp?message_id=16387497
RTGV is up about 750% since 1/8/2006 and here is an excerpt from an 8K filing on 4/24/2006. Perhaps another FCCN?
EXHIBIT 99.2
RESOLUTION OF THE DIRECTORS OF RTG VENTURES, INC.
The undersigned, being all the directors RTG Ventures, Inc., a Florida corporation (the "Corporation"), having made the following findings of fact, hereby adopts several resolutions this 24th day of April 2006, as set forth below:
FINDINGS OF FACT:
WHEREAS, the Settlement Agreement of March 31, 2005, which provided, inter alia, for new management to identify a merger candidate, and other terms, has been breached in many key areas, resulting in a determination and act of a majority of the Corporation's shareholders, that the previous management slate be reinstated; and
WHEREAS, Articles of Dissolution of the Corporation, which were filed with the Florida Secretary State by someone called William Sharpe, who signed as the President of RTG Ventures, Inc., was filed without notice to, consultation with, or approval or authorization or a vote of the shareholders of the Corporation.
NOW THEREFORE, it is:
RESOLVED, all current officers of the Corporation, through the date of this resolution, be and are hereby terminated, effective immediately, and it is
RESOLVED, that Linda Perry is appointed as President and Chief Executive Officer of the Corporation; and it is
RESOLVED, that Barrington J. Fludgate is appointed treasurer, Chief Financial Officer and Secretary of the Corporation; and it is
RESOLVED, that the Board will endeavor to identify a merger candidate for the Corporation as a priority in the interests of all shareholders. The criteria follows that stated by the Corporation in previous public filings and a press release in the Fall of 2004, i.e. private company with strong revenues, solid business plan, growth potential and need to move to next stage of development to grow in the public marketplace; and it is
RESOLVED, that the newly appointed officers of the company are hereby authorized and directed to revoke the Articles of Dissolution of the Corporation, which were filed by William Sharpe on behalf of the Corporation; and it is
RESOLVED, that the current transfer agent, National Stock Transfer shall be terminated, and be replaced with Interwest Transfer;
one day :) hopefully soon
PASW, Inc. Enters Into Non-Binding Term Sheet To Merge With VirnetX Inc.
PASW, Inc. (OTC: PASW.OB) announced today that it entered into a non-binding term sheet with VirnetX, Inc., a development stage company that is engaged in software development for secure real time communications.
If the transaction is concluded as currently proposed, as to which no assurance can be given, PASW
-- would merge with VirnetX in a transaction that is intended to be completed before June 30, 2007,
-- would cause its management to be replaced upon completion of the transaction so that the officers and directors of VirnetX will become the officers and directors of PASW,
-- will have obtained added equity funds of not less than $4.5 million,
-- will change its name to that selected by VirnetX, and
-- anticipates that the current shareholders of PASW will then own approximately 5% of the outstanding capital stock of the company and the shareholders of VirnetX, as well as those providing the additional equity funding, will own the balance.
The parties have agreed that an exclusive negotiating period between them will end on February 28, 2007. No assurance can be given that any definitive agreements will be concluded.
PASW believes that it is in the long term benefit of its shareholders to move its domicile from the State of California and reincorporate in the State of Delaware. PASW intends to obtain shareholder approval for this action and will also seek to revise its capital structure, in part to accommodate the proposed transaction, but regardless of whether or not the VirnetX transaction is consummated.
The transaction between PASW and VirnetX is subject to negotiating and entering into a definitive merger agreement, board, shareholder and other approvals, completion of due diligence and other conditions. PASW believes that funds available to the two companies at closing will be inadequate to fund future requirements of the development stage business and that additional funds in a currently undetermined amount will be required. No assurance can be given that any added funds will be available. No assurance can be given that the parties will enter into a definitive agreement on these or any other terms or that the transactions will close.
About PASW:
PASW, Inc., formerly Pacific Softworks, Inc. was incorporated in California in November 1992. We developed and licensed Internet and Web related software and software development tools that enable communications, based on a set of rules known as protocols. Our products were embedded into systems and developed or manufactured by others. In August 2000, we sold the assets of our Internet and Web operations. From January 2001 our operations, consisting of sales of software and licenses, were conducted principally through an administrative office in Northern California and a sales office of our subsidiary, National Research Corporation - Japan ("NRCJ"). In January 2003 we closed the sales office but have continued to receive royalty income from a former NRCJ customer. We are a licensor of software and generate revenue primarily from the one-time sales of licensed software.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of any securities of PASW in any state in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Forward Looking Statements:
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the pending matters and transactions considered by the PASW may not proceed as contemplated, and by all other matters specified in PASW's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. PASW does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the PASW's filings with the Securities and Exchange Commission, including its most recent periodic report.
PASW, Inc.
Bill Sliney, 925-828-0934
President and CFO
Source: Business Wire (January 18, 2007 - 7:36 PM EST)
Schedule 13D
Posted by: SSP
In reply to: Theo who wrote msg# 112944 Date:1/18/2007 7:07:33 PM
Post #of 112959
Schedule 13D
When a person or group of persons acquires beneficial ownership of more than 5% of a class of a company’s equity securities registered under Section 12 of the Securities Exchange Act of 1934, they must file a Schedule 13D with the SEC. The term "beneficial owner" is defined under SEC rules. It includes any person who directly or indirectly shares voting power or investment power (the power to sell the security).
Schedule 13D reports the acquisition and other information within ten days after the purchase. The schedule is filed with the SEC and is provided to the company that issued the securities and each exchange where the security is traded. Any material changes in the facts contained in the schedule require a prompt amendment. The schedule is often filed in connection with a tender offer.
You can find the Schedules 13D for most publicly traded companies in the SEC’s EDGAR database. You can learn how to use EDGAR to find information about companies. You can find an HTML version of the Schedule and download a PDF version for easier printing.
http://www.sec.gov/answers/sched13.htm
#msg-16319965
I don't understand why it is moving?
They just filed a rule 12g-4
Isn't that a termination of registration?
http://www.law.uc.edu/CCL/34ActRls/reg12G.html
Posted by: SSP
In reply to: Jim Bishop who wrote msg# 112823 Date:1/17/2007 10:32:31 PM
Post #of 112824
SEC Rule Change Will Impact Mergers With “Shell Companies”
July 7, 2005 - Last week, in a long anticipated move, the U.S. Securities and Exchange Commission (SEC) passed its rule change which impacts privately-held companies merging or being acquired by shell companies.
The proposed rule change was initially published by the SEC in August 2004, and many Wall Street insiders had wondered whether the rule change would ever be enacted. The rule change will become effective on November 7, 2005.
The rule change requires a reporting shell company to file a Form 8K within four days of the closing of the merger or share exchange agreement with the private company. This Form 8K must include audited financial statements and “full prospectus equivalent disclosure” including management, risk factors, management, and the private company’s business.
Filing the Form 8K within the four day period will be a virtual impossibility for most privately-held companies merging with a shell company, primarily due to the audit requirement. The audit not only will have to include the financial results of the publicly-held shell company, but also the financial results of the private company’s operations, consolidated with the publicly-held shell company.
In recent months many shell companies have sold for $350,000 to $650,000. Many Wall Street insiders believe that this SEC rule change will greatly decrease the value of shells, if not make shell companies essentially worthless.
In commenting on the rule change, Jeffrey Friedland, Managing Director of Friedland Capital commented, “When we learned of the SEC proposed rule change last August, we designed our “Micro IPO Program” as an alternative for privately-held companies contemplating a merger with shell companies. Now, with the SEC rule changes soon to take effect, Friedland Capital’s “Micro IPO Program” may be one of the few viable alternatives left for privately-companies seeking to become publicly- traded.”
#msg-16293065
METP Has Life! E-mail from Kip Eardley below.
Posted by Rheddle
Dear Robert;
We have completed the due diligence and are preparing financials a profile of the company which will be posted on the internet shortly.
All information regarding acquisitions or mergers will be distributed in an orderly manner.
Thank you for your interest.
Sincerely,
Kip Eardley, president
Metropane, Inc.
PCLP flying today. Huge Chinese firm Sunrise Inc. with great revenue taking over Paperclip Software. Could go into the dollars!
The key person behind the deal is now involved with URMD; he has 70.51% of the 5,900,00 shares
#board-7585
Someone said its the Carnegie building?Still diggin!)eom
I take it this is no longer valid.
http://www.business.com/directory/internet_and_online/ecommerce/plus_solutions_inc/
You might find a lot of things at that address
http://www.google.com/maps?ie=UTF-8&oe=UTF-8&hl=en&tab=wl&q=
Looks like a high rise building.
maybe a suite #
good work dragon...
2 more matches on address get this>>>Hertz Rent a Car and
Pan Pacific Hotels & Resorts
(212) 757-4938
www.panpacific.com
152 W 57th St
New York, NY 10019
Thanks just found phone number too..212-582-7347
hmmm...nice find
Life found some info out on whos behind PLSO reinstating and active etc..
PLSOs New president of PLSO as per SOS site
President - ABE GROSMAN
Address 1: 152 W 57TH ST Address 2:
City: NEW YORK State: NY
Zip Code: 10019 Country:
Status: Active
Now did a address search and BOOM hee we be>>>
Philips Coffee
152 West 57th Street
New York, NY 10019
So we find phone number next we golden!!)DF
UBDT update
PPXP update (used to be SFPH)
----Shell Stocks/Charts--------
http://www.investorshub.com/boARDS/read_msg.asp?message_id=15890459
OGAM - Keating shell - nice action in last times
from 0.015 to 0.045 in less then two weeks
I like this one
I agree on CIBM, did you hear from ceo lately?
Looking for a particular Shell on the SeaShore: http://www.investorshub.com/boards/board.asp?board_id=7639
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