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.
PGCX registration revoked:
https://www.sec.gov/litigation/opinions/2019/34-86735.pdf
Interesting but I’m not sure the article is referring to Virtual Sourcing
This is the web site for Worldvantage. https://www.worldvantage.com/terms-of-use/
This show pgcx as owner of Worldvantage.
new information on Worldvantage and pgcx. 20. Entire Agreement. THIS AGREEMENT IS COMPLETE AND EFFECTIVE AT THE TIME YOU AGREE TO IT BY ACCESSING OR USING THE WEBSITE OR INFORMATION. THIS AGREEMENT CONSTITUTES THE ENTIRE AGREEMENT BETWEEN THE PARTIES, AND NO OTHER AGREEMENT, WRITTEN OR ORAL, EXISTS BETWEEN YOU AND COMPANY.
21. Trademarks. The trademarks, service marks and logos listed below, including WORLDvantage (the "PGCX Marks") are the property of PGCX, LLC. No license or right to use any of the PGCX Marks is granted, whether by implication or otherwise, and use of any of the PGCX Marks is strictly prohibited unless authorized in writing by PGCX, LLC. All inquiries regarding the PGCX Marks or whether any other name, trademark, service mark or logo is the property of PGCX, LLC should be directed to PGCX, LLC, Attn: IT Manager, Three Lincoln Center, 5430 LBJ Freeway, Suite 1400, Dallas, TX 75240. Other brands, product names, trademarks, service marks and logos appearing on this Site are the property of their respective owners.
PGCX, LLC
check out this site https://walletinvestor.com/stock-forecast/pgcx-stock-prediction. It shows what pgcx will be trading for
I found that PGCX is mergering with WORLDvantage. IF you google worldvantage + PGCX you will see.
Thanks for that info
When the SEC suspends an SEC Registered company for severely delinquent Financials in 100% of all instances it is too late for the company to remedy the delinquencies.
The Admin Law Judges will eventually revoke Virtual Sourcing Inc.'s stock registration and then the ticker, PGCX, will no longer exist.
I haven’t seen any progress yet for PGCX to get back to sec reporting standards or maybe new management. Will there ever be any change?
PGCX SEC Suspension for severely delinquent Financials/Filings:
https://www.sec.gov/litigation/suspensions/2018/34-84244.pdf
Order:
https://www.sec.gov/litigation/suspensions/2018/34-84244-o.pdf
Admin. Proceeding:
https://www.sec.gov/litigation/admin/2018/34-84243.pdf
I lost 19K on this scam that was too good to be true. Wake up you guys and do the DD.
You might want to get current on that belief. Faraone and Birmingham are both banned from involvement in markets by the SEC. This is a proven scam and go to Florida Court Southern District and read the trial transcript. This company no longer exists.
0008 close Friday, and on the ask this morn. Last week was fast and furious, can we do it again. More sustained would be better too $PGCX
absolutely will have a wild run
Should get another move here soon, 0008s are thin. Didn't take much to move yesterday, expecting something
PGCX in for another big ride today?! lets see! $PGCX 0009s on ask to start
PGCX~~VIRTUAL SOURCING, INC. IPO
Overview News Headlines Financials & Filings Experts
Key Data Use of Proceeds Competitors
Company Overview
The IPO profiles may contain historical records.
Please visit the latest IPOs for the most recent information.
Company Name VIRTUAL SOURCING, INC.
Company Address 1200 G ST NW
SUITE 800
WASHINGTON, DC 21046
Company Phone 877-291-0053
Company Website www.virtualsourcinginc.com
CEO Mario Faraone
Employees (as of 1/9/2015) 2
State of Inc NV
Fiscal Year End 6/30
Status Filed (3/3/2014)
Proposed Symbol --
Exchange OTCBB
Share Price $1.00
Shares Offered 35,000,000
Offer Amount $35,000,000.00
Total Expenses $41,508.00
Shares Over Alloted 0
Shareholder Shares Offered 10,000,000
Shares Outstanding 205,684,725
Lockup Period (days) 180
Lockup Expiration --
Quiet Period Expiration --
CIK 0001600103
Company Description
Virtual Sourcing, Inc. was formed under the laws of the State of Nevada on July
30, 1999 under the name Heritage Scholastic Corp. Heritage Scholastic Corp. was
engaged in the business of publishing and distributing supplemental history
textbooks for grades Kindergarten through 12. Heritage
Scholastic Corp.
generated nominal revenue from the sales of its products. On September 12, 2002,
the Company filed a Form 10 with the Securities and Exchange Commission, and
became a fully reporting entity. On January 27, 2005, Heritage Scholastic Corp.
entered into a Stock Purchase and Share Exchange Agreement with Nano Chemical
Systems, Inc. On February 15, 2005, pursuant to the Stock Purchase and Share
Exchange Agreement, the company changed its name to Nano Chemical Systems
Holdings, Inc. Nano Chemical Systems Holdings, Inc. was engaged in the
development of aerosol products and conducted operations in the field of
nanotechnology. Nano Chemical Systems, Inc. generated approximately 1.7 million
dollars in revenue from the sales of its products. On March 3, 2008, the Company
changed its name to Pangenex Corporation. Pangenex Corporation developed and
marketed novel, patented or patent pending condition specific nutraceuticals,
topical over the counter drugs and personal care products. Pangenex generated
approximately $250,000 from the sales of its products. On May 12, 2008, the
Company filed a Form 15 with the Securities and Exchange Commission in order to
terminate its duty to file reports under Sections 13 and 15(d) of the Securities
Exchange Act of 1934. On May 1, 2012, the Company amended its articles of
incorporation to authorize Series A and Series B Preferred Stock. On May 1,
2012, the Company changed its name to Virtual Sourcing, Inc. On March 6, 2013,
the Company acquired 80% of Allied Recycling Corp. Pursuant to the Stock
Purchase Agreement between the Company and Allied Recycling Corp., the Company
purchased 4,000 common shares, representing 80% of the issued and outstanding
common shares of Allied Recycling Corp. in exchange for 55,000,000 restricted
common shares, 999 Series A Preferred Shares and 100 Series B Preferred Shares
of the Company, with the Common and Preferred Stock being valued in aggregate at
$8,250,000. Allied Recycling Corp was formed in March 2013 to be engaged in
fiberglass recycling. Allied Recycling Corp. has begun searching for sources of
fiberglass waste, capital and equipment that could assist in reprocessing waste
and identifying the various types of waste. The Company's current focus is the
recycling and remediation of difficult waste streams including fiberglass
materials and other composites into recycled goods that can be sold to
individual and commercial purchasers. As of September 30, 2014, we had cash or
cash equivalents of $1,293. As of the date of this Prospectus, we have cash or
cash equivalents of $1,293. In the event that we do not raise sufficient capital
to further pursue our operations, and implement our planned future operations,
an investor’s entire investment could be lost.
The Company has begun its project of identifying potential acquisitions and
joint venture partners for both recycling of fiberglass waste and creation of
end-user products. By acquiring a broad base of both recyclers and producers,
VSI will be positioned to shoulder the enormous amount of fiberglass waste being
produced by manufacturers of fiberglass and their various customers.
Our subsidiary, Allied Recycling Corp (ARC), is engaged in the development of
recycling methods and production of its proposed recycled fiber products. While
these proposed recycled products may compete with certain recycled plastics, the
proposed ARC products will be unique in that fiberglass does not warp, corrode,
lose pigment, burn or melt. In addition, the proposed ARC products can be made
to any mass, weight, color or shape required by the customer.
Allied Recycling Corp. solves waste stream problems by removing all recyclable
fiber materials from the clients’ site and transporting them to our various
inventory locations. It is ARC's goal to keep cost neutral prices compared to
dumping at commercial dump sites. We are currently developing a mobile grinding
system that will allow for access to remote sites where materials may be limited
or transportation to distant inventory locations is cost prohibitive.
In conjunction with partners, licensors, and the manufacturers themselves, we
will utilize a number of facilities around the country for recycling of
fiberglass waste and production of useful end-products. Starting in a tri-state
region that includes West Virginia, Virginia, South Carolina and North Carolina,
the Company will construct or utilize other facilities and subsidiary companies
near major fiberglass manufacturing hubs. Additional locations will be developed
along the Atlantic seaboard and the Gulf Coast where abandoned, damaged, or
sunken boats may be salvaged for fiberglass that can then be used to manufacture
our proposed products. In order to pursue its strategic objectives, the Company
plans to utilize a portion of the proceeds received from this offering, as well
as its available cash, cash generated from operations and additional cash as may
be raised via equity or debt offerings as may be approved by its Board of
Directors. As of the date of this prospectus, neither the Company, nor Allied
Recycling Corp have contracts or agreements to purchase fiberglass waste,
purchase concrete, manufacture or produce our proposed products, or distribute
our proposed products.
On July 5, 2014, Allied Recycling Corp. entered into a Marketing Agreement with
EYII, LLC which has allowed Allied Recycling Corp. to obtain the exclusive
wholesale marketing rights to a chemical solution that increases the speed of
separation of oil and solids from water in existing tanks. The name of the
separation product is Kruud Kleen™. EYII has allowed Allied Recycling Corp. to
purchase the separation product for 2/3 of the suggested retail price at which
the product is customarily sold. Payment is owed by Allied Recycling Corp.
within five days of its receipt of payment by the customer. The Company plans to
sell such separation product to oil production and storage facilities in the
United States. The Company agreed to issue to EYII 5 million shares of its
common stock as payment for the exclusive wholesale marketing rights. The five
million shares to be issued pursuant to the agreement were issued on December 9,
2014. A purchase order was issued to Allied Recycling Corp. on July 23, 2014,
consisting of a minimum of 70 barrels per week and a maximum of 105 barrels per
week of the separation product to be provided to a third party. To date the
Company has sold 18 barrels and the Company is awaiting the completion of the
third party’s end user site to continue filling the purchase order.
The chemical, which was branded today as Kruud Kleen™, has a primary function is
to separate oil and water to recycle the water for use in fracking, pumping down
oil and gas wells or for agricultural irrigation. The separated oil is then
available for sale on the spot market. We are looking for other products
relative the oil patch to distribute as well so that we might be able to fulfill
all the needs of the oil service companies in recovering as much oil as possible
from the water and from other mud/slurry derived from pumping the well(s).
The product was in the process of being sold by the formula’s owners with
potential customers before our involvement. This is an exclusive U.S. wholesale
distribution agreement so all contacts by our supplier have been forwarded to
us. As of the date of this Prospectus, the Company has delivered 18 barrels. The
facility creating the product, which is owned and run by a third party, has been
operational, but is currently awaiting additional equipment in order to increase
its production. The Company is awaiting the completion of the third party’s end
user site to continue filling the purchase order. Currently, the barrels are
either drop shipped to the end user site or picked up by FYA Field Services, LLC
from the manufacturer. A small amount of the Kruud Kleen product is stored at a
site affiliated with a member of FYA Field Services, LLC. The Company plans on
continuing to have the barrels shipped or delivered by FYA Field Services, LLC.
Prior to the corporate entity of EYII, LLC being formed, the business was run by
its individual owners, and the business distributed products that its owners had
developed or agreed to sell on behalf of third party customers. The products
included Kruud Kleen, vertical windmills, water treatment systems and
centrifugal power systems.
Prior to the corporate entity of FYA Field Services, LLC being formed, the
business was run by its individual owners, and provided services to clean and
dispose of wastes derived from various activities in or around oil and gas
wells.
Norm Birmingham, a former officer of the Company, does not own any equity in
either EYII or FYA Field Services. Mr. Birmingham, as a favor to the individuals
who own EYII and FYA, who were running a business as individuals with no
corporate entity having been set up, set up the companies in order to give the
owners of EYII and FYA some liability protection and a corporate structure. The
businesses now operating under the names EYII and FYA were operating prior to
the formation of the actual corporate entities and are not startup business,
although they had not been run under a formal corporate entity. Mr. Birmingham
does not own any equity of EYII or FYA, and is therefore not involved in the
agreements between the Company, EYII and FYA. Mr. Birmingham resigned from his
positions as officer and director of the Company due to personal health
reasons. Mr. Birmingham currently assists with compliance work for the Company,
but does not have a contract with the Company and there are no plans to enter
into a contract with Mr. Birmingham. Mr. Birmingham is not a promoter, or in any
other way an affiliate of the Company. Gallant Acquisitions acted as the initial
resident agent for EYII and FYA in order to expedite the process of having EYII
and FYA formed prior to the contracts being signed, so the contracts would not
need to be signed directly with the individuals who own EYII and FYA. Gallant
Acquisitions Corp. is the resident agent for 9 companies in Wyoming, none of
which it owns.
The owner of the product formula has used it in various wells and tested it on
frack water, sludge from oil tanks and mud from wells over the last couple of
years. Every test on this formula has been successful in separating the oil from
the water in two to three days depending on the material being separated. The
savings comes from reducing the cost of other chemicals used, reduction in the
use of machinery plus reduced power and labor.
The purchase order requires a minimum purchase of 70 barrels per week and a
maximum of 105 barrels per week. The sales price is $1,000 per barrel and our
contract cost is $800 per barrel., which results in a minimum purchase annually
of $3,640,000 with the maximum being $5,460,000. The Company’s gross profit is
approximately $200 per barrel. The market price per barrel has been set by the
members of EYII and that is the standard price at which each barrel has been
sold over the previous two years by the owners of EYII.
The administrative office of the Company was located at 1200 G St. NW, Suite
800, Washington, DC 20005, and the company has changed locations due to a new
office lease. The new office address for the Company is 615 Washington,
Independence, KS 67301. Our telephone number: 877-291-0053. Our website:
www.virtualsourcinginc.com.
Close
And always right after the fact people start posting “somebody knows something”, etc. I have found that in most cases that is not the case.
Definitely strange trading. At 1:42 PM it was it .0006, at 1:58 PM 16 minutes later it was at .0025. Quadrupled in 15 minutes and then came straight back down. Those things can make you a lot of money or rob you of your money, dangerous but interesting. On watch.
today was a crazy 100M volume from nowhere, look what I found the latest news for PGCX
VIRTUAL SOURCING INC (PGCX)
https://www.marketscreener.com/VIRTUAL-SOURCING-INC-11382268/news/Virtual-Sourcing-Custom-Financial-Solutions-and-Virtual-Sourcing-Announce-Merger-into-Virtual-Part-26482473/
NEW MERGER ENTITY About Virtual Partner Advantage
Virtual Partner Advantage was formed in 2018, via the merger of Custom Financial Solutions and Virtual Sourcing, and brings more than two decades of trustworthy service and premium level expertise to their clients nationwide. Owned by Ken and Charlotte Wasmer, Virtual Partner Advantage promises to deliver valuable solutions surrounding business functions systems, processes, resources, and financial performance ensuring their clients achieve success by maximizing their existing capabilities and increasing their competitive advantage.
PGCX~~Virtual Sourcing, Inc. To Profit Up To $1M
https://www.marketscreener.com/VIRTUAL-SOURCING-INC-11382268/news/Virtual-Sourcing-Inc-To-Profit-Up-To-1M-25620514/
PGCX~~LATEST NEWS ,MONSTA HUGE~~ Virtual Sourcing : Custom Financial Solutions and Virtual Sourcing Announce Merger into Virtual Partner Advantage
Virtual Sourcing : Custom Financial Solutions and Virtual Sourcing Announce Merger into Virtual Partner Advantage
05/03/2018 | 06:44am EDT
(PRWeb) - Custom Financial Solutions and Virtual Sourcing are pleased to announce their merger into Virtual Partner Advantage. The ultimate goal of the merger allows Virtual Partner Advantage to partner with their clients by providing value based solutions that help their clients achieve success. The new company will deliver solutions in the areas of systems, processes, resources, and financial performance by maximizing each clients existing capabilities and providing a way to enhance their competitive advantage.
Virtual Partner Advantage brings a proud history, premium level expertise, and more than 21 years of experience. In 1997, Ken and Charlotte Wasmer founded Wasmer Business Solutions. In 1999, Custom Financial Solutions was born, to fill a void and provide unique accounting system solutions for companies in the technology industry. Virtual Sourcing followed in 2003, to provide outsourced back-office resources to Custom Financial Solutions technology clients. Growth, success, and change, led the Wasmers, in 2018, to unite Custom Financial Solutions and Virtual Sourcing to do business as Virtual Partner Advantage.
The formation of Virtual Partner Advantage brings multiple advantages to their clients including value based solutions working together to help clients achieve success. Virtual Partner Advantage is focused on technology companys processes, financial performance, systems, and resources. As a result of the merger, their client partners will see extensive expertise and knowledge across the board: allowing for the strengthening of weaker areas, better work life balance, new perspectives and innovation, and increased success and profit.
We partner with our clients and support them in maximizing their existing capabilities. This partnership offers a way to significantly increase their competitive advantage and improve their bottom line. We give unbelievable service in a proactive way focused on providing value to our clients businesses.We strive to provide unbelievable service and maximum value to our client partners and have a close, caring, and fun work family culture. Our partnerships are what sets us apart. - Ken and Charlotte Wasmer, Owners, Virtual Partner Advantage.
Virtual Partner Advantage invites technology companies to reach out in person or online at vpadvantage.com and discover the difference a client partnership can make in their success. Virtual Partner Advantage promises more value and innovative solutions, along with better reporting, improved systems and processes, as well as trustworthy partner to be counted on!
About Virtual Partner Advantage
Virtual Partner Advantage was formed in 2018, via the merger of Custom Financial Solutions and Virtual Sourcing, and brings more than two decades of trustworthy service and premium level expertise to their clients nationwide. Owned by Ken and Charlotte Wasmer, Virtual Partner Advantage promises to deliver valuable solutions surrounding business functions systems, processes, resources, and financial performance ensuring their clients achieve success by maximizing their existing capabilities and increasing their competitive advantage.
https://www.marketscreener.com/VIRTUAL-SOURCING-INC-11382268/news/Virtual-Sourcing-Custom-Financial-Solutions-and-Virtual-Sourcing-Announce-Merger-into-Virtual-Part-26482473/
Mario Faraone has been Chairman and President of Virtual Sourcing, Inc. since March 06, 2013 and since December 31, 2013 and served as its Interim President
\
here the MM's run the stock,moves on air folks, I see a run to .01+++ in a day
correct and here from dec,2017 Allied Recycling Corp Signs Exclusive United States Wholesale Distribution Agreement
Dec 6 17
Virtual Sourcing Inc. subsidiary Allied Recycling Corp. has signed an exclusive United States wholesale distribution agreement to distribute barrels of chemicals. Allied Recycling Corp. received its first purchase order the purchase order requires delivery of a minimum of 70 barrels and a current maximum of 105 barrels per week. The revenue will range between $3,640,000 and $5,310,000 with profits between $700,000 and $1,000,000.
100m volume from nowhere,will be interstting here
PGCX~~and here Allied Recycling Corp Signs Exclusive United States Wholesale Distribution Agreement
Dec 6 17
Virtual Sourcing Inc. subsidiary Allied Recycling Corp. has signed an exclusive United States wholesale distribution agreement to distribute barrels of chemicals. Allied Recycling Corp. received its first purchase order the purchase order requires delivery of a minimum of 70 barrels and a current maximum of 105 barrels per week. The revenue will range between $3,640,000 and $5,310,000 with profits between $700,000 and $1,000,000.
more info here from 2015 Virtual Sourcing, Inc. Updates Shareholders
INDEPENDENCE, KS--(Marketwired - Jan 13, 2015) - Virtual Sourcing, Inc. (OTC PINK: PGCX), The Company's S-1 registration statement has been declared effective as of January 8, 2015, which will allow the company to immediately seek funding for acquisitions.
The company has moved its operations to Kansas in order to expand the marketing of chemicals in the Oil Patch. Virtual Sourcing, Inc. and its subsidiary, Allied Recycling Corp., have been actively seeking additional products for sale. The subsidiary continues to develop its testing and application programs for spring 2015 introduction.
Virtual Sourcing, Inc. intends to expand its business by seeking additional acquisitions and joint ventures for projects in the Oil Patch region.
Further growth requires the expansion of board of directors with qualified and experienced individuals related to our products and services.
"I would like to thank the Shareholders for remaining loyal and for their continued support for the company," stated Mario Faraone, President. "We are looking forward to this exciting time, and to fulfilling the goals described in our business plan."
Safe Harbor: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
PCCX~~MONSTA NEWSSS Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package
Email Print Friendly Share
November 16, 2017 10:41 ET | Source: Virtual Sourcing, Inc.
Independence, KS, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package
WASHINGTON, DC--Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.
The company is continuing in its quest to grow by acquisition and joint ventures. We are negotiating for a substantial acquisition in the fiberglass manufacturing sector and potential joint venture partners in the fiberglass manufacturing industry. Our auditors are progressing on our audits and those of the operation that has signed a letter of intent to be acquired.
We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December allowing us to close the transaction shortly thereafter. Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.
Contact:
Virtual Sourcing, Inc.
info@virtualsourcinginc.com
Investor Relations @ 877-291-0053
Virtual Sourcing, Inc. focuses on providing solutions to reduce fiberglass waste to landfills. The company recycles and remediates waste streams, including fiberglass materials and other composites into recycled goods that can be sold to individual and commercial purchasers. It is also involved in the wholesale of Kruud Kleen, a chemical solution, which enhances the speed of separation of oil and solids from water in existing tanks in the United States. The company is based in Independence, Kansas.
PGCX~`something huge coming ,on L2 crazy buys above.002
PGCX got 5m at .0007 today
WASHINGTON, DC--Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.
The company is continuing in its quest to grow by acquisition and joint ventures. We are negotiating for a substantial acquisition in the fiberglass manufacturing sector and potential joint venture partners in the fiberglass manufacturing industry. Our auditors are progressing on our audits and those of the operation that has signed a letter of intent to be acquired.
We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December allowing us to close the transaction shortly thereafter. Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.
something is coming,CRAZY volume from nowhere Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package
Email Print Friendly Share
November 16, 2017 10:41 ET | Source: Virtual Sourcing, Inc.
Independence, KS, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package
WASHINGTON, DC--Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.
The company is continuing in its quest to grow by acquisition and joint ventures. We are negotiating for a substantial acquisition in the fiberglass manufacturing sector and potential joint venture partners in the fiberglass manufacturing industry. Our auditors are progressing on our audits and those of the operation that has signed a letter of intent to be acquired.
We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December allowing us to close the transaction shortly thereafter. Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.
Contact:
Virtual Sourcing, Inc.
info@virtualsourcinginc.com
Investor Relations @ 877-291-0053
couldn't even figure out who was pumping this one. Someone is dumping it now though
i been adding over there and think its going to do ok long term .plus its cheap right now ..peace kazzz
Good to know you're still around! I'll check things out over there.
i am out a long time ago and i do believe ,hammy is long gone to ...check out inmg .....you can find me there ....kazzz
Yo, Kazzz (& Hammy)! Vacated my Mod post (like, 2 years ago!)...but I'm still 'bag-holding' this boo-boo ticker!!
Floats locked! We need some chatter! Or news PR!!!!
Who took a dump today? May have been what we needed to move forward!
Followers
|
130
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
15456
|
Created
|
02/14/07
|
Type
|
Free
|
Moderators |
Independence, KS, Nov. 16, 2017 (GLOBE NEWSWIRE) -- Virtual Sourcing, Inc. Receives Increase to $25 Million in Funding Engagement Package
WASHINGTON, DC--Virtual Sourcing, Inc. (OTC Pink: PGCX) has received an increase to $25 million in acquisition financing in preparation for additional acquisitions currently being reviewed. Our capital formation agreement for acquisitions and operational funding remains at $25 million bringing our current total engagement package to $50,000,000.
The company is continuing in its quest to grow by acquisition and joint ventures. We are negotiating for a substantial acquisition in the fiberglass manufacturing sector and potential joint venture partners in the fiberglass manufacturing industry. Our auditors are progressing on our audits and those of the operation that has signed a letter of intent to be acquired.
We are expecting to close the initial acquisition in mid-December. Our auditors are continuing to work diligently with the expectation of releasing the audit report near the end of the first week of December allowing us to close the transaction shortly thereafter. Discussions have been held on the need to increase the capital formation package. These discussions indicate that it is likely the capital formation engagement would be increased to at least sufficient funds to complete the second acquisition in Spring. The requirement to close the second acquisition would cause the capital formation package to rise to approximately $75 million meeting our total funding needs of $100,000,000 to complete both acquisitions plus supply funding for product expansion and operations.
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |