Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
UniPrime Capital Acceptance Corp. Appoints New President
Updated: Wednesday, November 28, 2001 02:07 PM ET Printer-friendly version
APACHE JUNCTION, Ariz.--(BUSINESS WIRE)--Nov. 28, 2001--UniPrime Capital Acceptance Corp. (NQB: UPRC), Wednesday announced that it has appointed Jay H. Clark as its interim chief executive officer and president, effective immediately.
Clark replaces Randy Russo, who resigned to make way for Clark's appointment.
Clark's principal objective will be to facilitate the closing of UniPrime Capital's acquisition with Sec2Wireless Inc. It was announced yesterday that a definitive agreement with the technology concern, based in Israel, has been executed.
Clark, age 50, comes from a telecommunications background, recently working with a Portland, Ore. firm as customer service manager and site service supervisor, responsible for more than 100 employees. Clark was born in San Francisco, earning a B.A. degree from the School of Journalism at University of Oregon in 1974.
After graduation, he founded the first hang glider manufacturing facility in the United States. Clark is a world traveler with extensive experience in Latin America, and has made extensive business contacts over the years.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
Statements contained in this document which are not historical fact are forward-looking statements based upon management's current expectations that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. The company is not required to update its forward-looking statements.
CONTACT: UniPrime Capital Acceptance Corp., Apache Junction
Jay Clark, 480/898-4285
UniPrime Capital Acceptance Corp. Signs Definitive Stock Acquisition Agreement with Sec2Wireless Inc.
Updated: Tuesday, November 27, 2001 11:46 AM ET Printer-friendly version
APACHE JUNCTION, Ariz.--(BUSINESS WIRE)--Nov. 27, 2001--UniPrime Capital Acceptance Corp. (NQB: UPRC) ("UPRC") Tuesday announced that it has executed a definitive stock purchase agreement for the acquisition of Sec2Wireless Inc. ("S2W").
It is expected that the closing will occur by Dec. 15, 2001. S2W is a private limited liability company headquartered in Delaware, with a wholly owned subsidiary located in Israel. S2W has developed a state-of-the-art technology for centralized user authentication and monitoring which provides in a single design the ability to recognize a person's identity.
S2W's technology can be applied for physical access (airport/transportation or corporate campuses) for remote information access (Internet, call-center or cellular based), and transaction-based services (e-commerce, m-commerce, cellular vending or point-of-sale).
In so doing, it provides state-of-the-art technology to enhance existing security systems and ease migration to new solutions for security issues. Pursuant to the terms of the transaction, S2W's shareholders will transfer all of their outstanding shares to UPRC.
In exchange for their shares, S2W's shareholders shall each receive such number of shares so that upon the closing of the transaction they will own in the aggregate a majority of UPRC's outstanding share capital and will acquire control of UPRC. Also, upon the closing, the management and board of directors of S2W will replace UPRC's current management.
S2W has raised approximately $3.2M in private placements since its incorporation in February 2000. One of Secure2Wireless's major investors is Shamrock Capital Growth Fund. The Shamrock group has led successful private equity transactions across a broad range of industries both domestically and internationally.
Shamrock's foundation, as the advisor to a distinguished family, the Roy E. Disney family, has established a steep tradition of integrity, service and responsibility to its investors and portfolio companies. The Shamrock group has successfully invested more than $2 billion over the past two decades in both private equity and real estate transactions.
CONTACT: UniPrime Capital Acceptance Corp.
Jay Clark, 480/898-4285
No, I've been a little busy with some new engineering projects....
Could you call the company, and see what's up with that...??
John
"..Have you hugged your Grandkiddies today.."??
.
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
Secure2wireless Inc. Announces Progress in Security Deals With Government Facilities
TEL AVIV, Israel, Nov 8, 2001 (BUSINESS WIRE) -- Secure2wireless Inc., a company expected to merge into UniPrime Capital Acceptance Corp. (NQB:UPRC), announced today that it has developed relationships with key companies in the security arena, and as a result, has made significant developments with negotiations with such companies regarding the implementation of Secure2wireless's technology for providing security enhancements in certain large U.S. facilities, including airports, border crossings, and other governmental and civil facilities.
Secure2wireless has retained the services of one of the leading security figures in Israel to act as a senior consultant to the company, and currently the company's management consists of highly ranked individuals and key personnel from the Israel intelligence, security and military communities which together with Secure2wireless's technology, could provide solutions for the security problems much of the world is now facing.
Secure2wireless' technology can be applied for physical access (airports/transportation or corporate campuses), for remote information access (Internet, call-center or cellular-based), and transaction-based services (e-commerce, m-commerce, cellular vending or point-of-sale). In so doing, it provides state-of-the-art technology to enhance existing security systems, and ease migration to new solutions.
Secure2wireless' president, Lucien Geldzhler, stated, "I am expecting our company to attract large investor interest, as we transition to a publicly traded status, and anticipate delivering to shareholders strong fundamentals in the future, as we grow our operations." Secure2wireless has developed a technology for centralized user authentication and monitoring which provides, in a single design, the ability to ascertain a person's identity.
As announced earlier this month, it is intended that the management and board of directors of Secure2wireless will replace UniPrime's current management upon completion of a definitive agreement between the two companies. This agreement is proceeding well, and is expected to be signed shortly.
In that the company has recently changed its focus to the security arena, and reorganized its management, Yehuda Biron no longer serves as the Company's COO.
CONTACT: Secure2wireless, Inc.
Lucien Geldzhler, 011-(972)39-210548
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime Capital Announces Key Management of ``Secure2wireless'
TEL AVIV, Israel, Nov 6, 2001 (BUSINESS WIRE) -- UniPrime Capital Acceptance Corp. (NQB:UPRC) announced that, in connection with its report today describing a Letter of Intent to acquire Secure2wireless Inc. ("Secure2wireless"), it has detailed Secure2wireless's key management.
Names, positions, and brief biographical information are as follows:
Mr. Samuel Weiss, CEO & Co-Founder
Mr. Samuel Weiss is a reserve colonel in the Israeli army. He graduated magna cum laude from the Staff and Command College, and has since specialized in the sales and marketing of command and control systems. He held the position of vice president of business development at Clal Trade, subsequently became business development advisor to the mayor of Tel Aviv.
Weiss co-founded Lenex and took charge of technology sales and implementation, and gained unique experiences in the leading of a number of international IT projects, while he developed business for several IT companies.
He initiated various classified projects, especially in the classified realm of identity verification and security, including image-processing methods. In addition, Mr. Weiss specialized in the field of identification of personal documents (ID documents, passports, bank security notes, etc.) before he founded Sec2wireless.
Mr. Yehuda Biron, Vice President Operations & Logistics, COO
Mr. Yehuda Biron, co-founder of the company, received his law degree from Tel Aviv University in 1974. Further studies included Computer Sciences at the IBM Institute, Systems Engineering at the Sivan School (where he later lectured for a period of four years), and Marketing at the Open University.
From 1971 to 1982, Mr. Biron held positions of increasing responsibility in the computer departments of Yardenia Insurance and the United Mizrahi Bank. From 1982 to 1990, Mr. Biron was a partner of Bir-Shel Ltd., the Israeli representative of Visual Graphic Corporation, specializing in computerized pre-press systems.
In 1991, he took part in founding ImageStore Systems Ltd., which later became Net2Wireless Inc., currently Jigamy Corporation, whose technology focuses on data and multi-media communication over cellular networks.
Mr. Lucien Geldzahler, Vice President Finance, CFO
Mr. Lucien Geldzahler is a co-founder of the company, and is also a director of TAT Aero Equipment Industries Ltd., a manufacturer of military avionic equipment, traded on the Tel Aviv Stock Exchange. Geldzahler is a principal at West End Ventures Ltd., a spin-off of West End Technology Investments Ltd., which invests start-up companies specializing in telecommunications and information technology (www.westendgroup.com).
In 1998, he joined ImageStore Ltd. and I.T.E.S., which later on turned into Net2Wireless Inc. Geldzahler has played a major role in the transformation of I.T.E.S from a small company into Net2Wireless, which employs approximately 150 persons. Geldzahler is a consultant for high-tech companies in the fields of medical systems and equipment, avionics and electronics.
He has founded Ampex Engineering Ltd., a private firm, which aimed at opening new markets for Israeli start-up companies and built international partnership agreements. Previously, Geldzahler has been the Commercial Director of TAT Aero Equipments Ind. Ltd. and Senior Auditor at Coopers & Lybrand in Brussels.
Geldzahler graduated from the University of Antwerp, RUCA with an MBA, M.Sc. in Engineering Management and a B.Sc. in Industrial Engineering.
Mr. Eli Zehngut, Vice President Business Development
Mr. Eli Zehngut graduated from the Technical Institute of Haifa (Technion) with a B.Sc and an M.SC in Electrical Engineering. He specialized in signal processing. Zehngut has more than 18 years of experience in algorithm development, in the fields of image compression and restoration and speech processing.
He has developed algorithms for companies such as Elbit, the Speech Processing Laboratory at the Technion and Efrat Future Technology, a subsidiary of Comverse Technologies Inc., which later on split into two companies, the biggest of them known as Comverse Network Systems. Zehngut has nine years of extensive experience as research group manager in Efrat Future Technology and Comverse Network Systems.
As director manager of Comverse's Speech Processing Group, he supervised the development of core technologies in the area of speech recognition, applications of speech recognition and speaker verification, and full-fledged systems for the telecommunications environment. He also supervised all marketing and business activities of his
group.
Mr. Yair J. Porat, Vice President R&D
Mr. Yair Porat is a co-founder of the company, and worked at the Computer Science Center during his military service in the Israel Defense Forces. He studied physics and astronomy at Tel Aviv University and computer science and systems engineering at the Sivan School and the IBM Institute.
Porat worked for Scitex Israel and Scitex Europe and then became product manager and hardware & software team leader for Amcor Electronics, developing a multimedia product for Kodak and imaging systems for the medical sector. Porat was director of R&D customer service manager in AMGENICS (a subsidiary company of GENAM USA), which owned the medical group of Amcor Electronics.
The company developed special software for DNA and Chromosome analyses. In 1993, Porat founded P.L.B. Technologies, which specialized in the development of identification and security systems using imaging and biometric methods. Porat has been in charge of all of the company's activities, utilizing and implementing projects for national institutes and agencies in the Far East, Africa, and Israel.
Mr. Amit Meltzer, Vice President Technology
Mr. Meltzer has gained outstanding experience in all IS fields during the last 17 years, mostly in the Prime Minister's Office, where he reached the level of CTO of the IS division. Meltzer graduated from Bar-Ilan University with a B.A. in Strategy and Political Science.
Mr. Itay Yanovski, Vice President Products
Mr. Yanovski studied law at Tel Aviv University and is a member of the Israeli Bar. He also studied Computer Sciences at Haifa University and the Israeli Institute of Technology (Technion). Yanovski served four years in the encoding and decoding unit of the Communication, Electronics and Computers Corps of the Israeli Defense Forces, commanding this unit during his last year of military service.
Yanovski has extensive experience in computer security. His highly professional skills allow him to combine his technological knowledge with his analytical abilities, which he gained during his law studies and his work at the Israeli Supreme Court.
Before joining Sec2Wireless, Yanovski began his high-tech career as a consultant to Xpert Trusted Systems, a leading integration house in Israel. Later on, Yanovski became a senior consultant and also founded and managed Xpert Trusted Systems' IT Security Services department.
Secure2wireless Inc., based outside Tel Aviv, has developed a solution for centralized user authentication and monitoring. The solution provides in a single design the ability to identify a person's identity.
Secure2wireless's technology can be applied for physical access (airports/transportation or corporate campuses), for remote information access (Internet, call-center or cellular-based), and transaction-based services (e-commerce, m-commerce, cellular vending or point-of-sale). In so doing, it provides a state-of-the-art solution to enhance existing security systems, and ease migration to new solutions.
CONTACT: Secure2wireless Inc.
Lucien Geldzhler, 011-(972)39-210548
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime Capital Signs Letter of Intent to Acquire Secure2wireless Inc.
TEL AVIV, Israel, Nov 6, 2001 (BUSINESS WIRE) -- UniPrime Capital Acceptance Corp. (NQB:UPRC) announced today that it has executed a Letter of Intent to enter into a transaction with Secure2wireless Inc. ("Secure2wireless"), a private liability company with headquarters in Delaware, with a wholly owned subsidiary based in Israel.
Secure2wireless has developed a solution for centralized user authentication and monitoring. The solution provides in a single design the ability to identify a person's identity.
Secure2wireless's technology can be applied for physical access (airports/transportation or corporate campuses), for remote information access (Internet, call-center or cellular-based), and transaction-based services (e-commerce, m-commerce, cellular vending or point-of-sale). In so doing it provides a state-of-the-art solution to enhance existing security systems, and ease migration to new solutions.
Pursuant to the terms of the transaction, Secure2wireless's shares will be exchanged for shares in UniPrime Capital, upon the closing of the transaction. The management and board of directors of Secure2wireless will replace UniPrime's current management upon completion of a definitive agreement between the two companies, expected by the end of November.
Secure2wireless has raised approximately $3.2M in private placements since its incorporation in February 2000. One of Secure2wireless's major investors is Shamrock Capital Growth Fund. The Shamrock group has led successful private equity transactions across a broad range of industries both domestically and internationally.
Shamrock's foundation as the advisor to a distinguished family -- the Roy E. Disney family -- has established a steep tradition of integrity, service and responsibility to its investors and portfolio companies. The Shamrock group has successfully invested more than $2 billion over the past two decades in both private equity and real estate transactions.
Secure2wireless's president, Lucien Geldzhler, stated, "I am very anxious to incorporate the company's technology into the marketplace, and to help solve many of the access security problems which we are facing nowadays."
CONTACT: Secure2wireless
Lucien Geldzhler, 011-(972)39-210548
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime Announces Significant New Project to be Revealed Next Week; Replaces Wind Park Deal
APACHE JUNCTION, Ariz., Nov 1, 2001 (BUSINESS WIRE) -- UniPrime Capital Corporation Inc. (NQB:UPRC) announced today that it has cancelled a previously announced Letter of Intent (LOI) for a partial interest in a California-based wind park ground lease, in favor of a new, yet-to-be-disclosed project.
As a result of a special Board Meeting held yesterday, the decision was made to reject the 3,000 acre Tehachapi Valley ground lease, under a lease controlled by Enron Wind Development Corp., a subsidiary of Enron Corp. (NYSE:ENE). The decision was based in large part due to the very volatile developments and uncertainty surrounding Enron Corp. Based on press reports in the past 10 trading days since UniPrime announced the LOI, Enron has lost over $1 billion of its market capitalization and is facing SEC investigation for reported improprieties. Enron's senior debt has this week been downgraded by Moody's to just above junk status, and as a result, Enron's common stock is now trading at pre-1994 levels.
UniPrime Capital Corporation president and CEO Randy Russo indicated that the company has made strong progress in a very significant new project and will be in a position to announce details as early as next week. "This significant new project will position the company for rapid growth and is expected to be much more beneficial to our company and its shareholders than the previously announced project involving the Enron property," stated Russo.
UniPrime Capital Corporation is a publicly traded investment holding company trading under the symbol UPRC.
CONTACT: UniPrime Capital Corporation
Randy Russo, 480/898-4285
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime Signs Letter of Intent for Wind Energy Park Project
APACHE JUNCTION, Ariz., Oct 22, 2001 (BUSINESS WIRE) -- UniPrime Capital Corporation Inc. (NQB:UPRC) announced today that it has signed a Letter of Intent (LOI) with Jessel Enterprises Inc. of Los Angeles for a partial interest in a wind park ground lease.
This ground lease, owned by Enron Wind Development Corp., a subsidiary of Enron Corp. (NYSE:ENE), represents in excess of 3,000 acres of prime natural land in the Tehachapi Valley, possessing an extremely high-quality wind source. The output at this particular location is rated at approximately 64 megawatts, and can service roughly 40,000 residential customers. Revenue generation from the Jessel Enterprises wind park is estimated to be $96 million per year.
UniPrime Capital Corporation president and CEO Randy Russo stated, "We are very pleased to have this opportunity to assist in providing a clean, environmentally favored alternative power supply to California consumers, especially in view of the recent crisis condition that many west coast markets have been experiencing."
Additional information about this particular wind park project, and the industry in general, can be found at the American Wind Energy Association's website at http://www.awea.org. UniPrime Capital Corporation is a publicly traded investment holding company trading under the symbol UPRC.
CONTACT: UniPrime Capital Corporation
Randy Russo, 480/898-4285
or
Jessel Enterprises Inc.
Richard Dee, 818/991-9389
.
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime and Wind Energy: A Viable Alternative to Natural Gas and Other Fuel Supplies
APACHE JUNCTION, Ariz., Oct 19, 2001 (BUSINESS WIRE) -- UniPrime Capital Corporation's management (NQB:UPRC) today made the following statement:
The outlook for wind energy has never been better because of the technology's economic competitiveness, growing demand for electricity, and effective renewable energy policies adopted in several markets. Market growth in 2001 is likely to exceed 50% in the United States, setting a new record and pushing worldwide installed capacity past the 20,000 megawatt (MW) mark in the course of the year.
In 2000 approximately 2,500 megawatts of wind power was generated from installed capacity in the United States. California was the first U.S. state in which large wind farms were developed, in the early 1980s, and currently accounts for approximately 1500 megawatts of this output.
There are 18 wind energy projects currently under proposal or development in California, representing an additional 500 megawatts. Electricity from some of the new U.S. projects has been contracted at less than 3 cents per KWH (KiloWatt-Hour) -- establishing wind energy as a power source that is now more affordable than natural gas.
The cost of electricity from natural gas reached 15 cents to 20 cents per kilowatt-hour last winter in California. During the year 2000, 3,800 MW of new wind energy generating capacity were installed worldwide, representing annual sales of $4 billion and boosting total installed capacity to about 17,300 MW. In 1999, a record-breaking total of 3,900 MW of new wind energy generating capacity were installed globally. About 2,500 MW came online in 1998.
If state policies similar to that of Texas are adopted by other states, or at the federal level in the United States, wind energy is likely to thrive, and provide growing economies worldwide with a clean source of electricity, high-tech jobs, and insurance against price spikes and shortages in natural gas and other fuel supplies.
CONTACT: UniPrime Capital Corporation
Randy Russo, 480/898-4285
.
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001)(New)
UniPrime Capital Corporation Enters Negotiations With California Wind Energy Project
APACHE JUNCTION, Ariz., Oct 18, 2001 (BUSINESS WIRE) -- UniPrime Capital Corporation, Inc. (NQB:UPRC) announced today that it is in discussions with an undisclosed Southern California-based wind energy ground lease producer that could result in securing a partial working equity interest in the project.
The intention of management is to obtain a reliable source of revenue generation.
As part of its restructuring, the company recently obtained a ticker symbol change of its common stock to "UPRC" (formerly UPCA) which was to reflect a 20:1 reverse stock split effective on Oct. 15, 2001.
UniPrime Capital Corporation is a publicly traded investment holding company and intends to become involved in the specialty wholesale energy sector.
CONTACT: UniPrime Capital Corporation, Inc.
Randy Russo, 480/898-4285
.
UPRC -- UniPrime Capital Acceptance, Inc. Com ($0.001) (New)
UniPrime Capital Corporation, Inc. Effects Ticker Symbol Change
APACHE JUNCTION, Ariz., Oct 17, 2001 (BUSINESS WIRE) -- UniPrime Capital Corporation, Inc. (NQB:UPRC, formerly NQB:UPCA) announced today, as a part of a major restructuring, the company has effected the symbol change of their common stock to "UPRC" which also reflects a 20:1 reverse stock split effective at the close of business Oct. 15, 2001.
UniPrime Capital Corporation is a publicly traded investment holding company, and anticipates providing further details concerning its new business strategy in the immediate future.
CONTACT: UniPrime Capital Corporation
Randy Russo, 480/898-4285
.
Followers
|
0
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
15
|
Created
|
11/11/01
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |