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.
You are a shareholder. I understand the emotion.
Have seen this many times before when people make mistakes due to blind faith.
It happens.
The SEC has a large travel budget lol
...the SEC will also see this as well when they visit the companies offices around the world.
I guess you don't like the content of my posts about the stock.
There's a lot more.
We are not friends the company was introduced to me via a third party. I am a private investor.
I invested in the company prior to it being involved in the reverse merger with Stone.
In my opinion this is a real company with a very real management team.
There technical success has been rewarded with a reasonable valuation.
Mr. Akid seems to be very driven to prove he is a successful entrprenuer. He was very commanding of his business and the strategy.
Again, I am not recommending the stock I am just giving you some back ground to the obvious shorts on this board
Meet with the CEO, that is a good thing, are you close friends or meet in regards to Yatinoo, and decided to invest and have a business relationship?
Did he seem like an honest man, as I have seen his name placed on many different things in the internet world as well as on here in past and now present, and they all seem to point in one direction.
Just curious as to what the overall man was like opposed to the spam you see in the net. I have traded here and there for a while now, and one thing is when allot to all information mentions or points to a common place or direction, it is a pretty good indicator that all is not as it seems, in terms of a solid company or management.
Anyhow, just my thoughts, happy trading all.
Marshall Sterman - Andover Medical Board member, also on the Stone Consulting/Yatinoo train:
http://www.sec.gov/Archives/edgar/data/1406407/000140640708000004/xslFormDX01/primary_doc.xml
Last Name First Name Middle Name
Sterman Marshall
Street Address 1 Street Address 2
510 Turnpike Street, Suite 103
City State/Province/Country ZIP/PostalCode
North Andover MA 01845
Relationship: Executive Officer X Director Promoter
Clarification of Response (if Necessary):
---
Andover Medical, Inc. Names Marshall Sterman to Its Board of Directors ...
http://www.thefreelibrary.com/Andover+Medical,+Inc.+Names+Marshall+Sterman+to+Its+Board+of+Directors-a0154058041
---
marshall sterman
of the mayflower group, ltd.
Member Since:
8/1/2002
Posted: Tuesday, January 14, 2003 at 6:08:53 AM Post Subject: self underwritings
--------------------------------------------------------------------------------
just a thought for companies conrtemplating an ipo in this market.
Don't go the traditional route which is to shop for an underwriter first. Instead, use an attorney who is experienced in ipo's. Put together offering (a draft prospectus) and leave the underwriting and pricing sections blank. When underwriting activity picks up-or after you have finished your draft- figure out who does deals in your category (size,industry,geographic area, etc). You and/or friends, associates, etc probably alkready have relationships with uw's and/or it is easy to do some cold calling.
show them the finished (almost) product. go from there.
by not getting the uw first you accomplish quite a bit for yourself besides the aggravation of not getting return calls, seeing that your "pick" has his own problems (why should you take a chance that he will have his own problems over the next 3-6 months), and spending a lot of extra time/money on a letter of intent, his attornies, attendent expenses, etc.
When you're ready to go you will be in a position to make a better choice. If i were an underwriter i'd be impressed with your decision making ability, i'd be more inclined to try for your business, and i would most likely be looking for your business as you have done your homework and come to me because of what i am doing in the market today.
What did i miss??
marshall sterman
of the mayflower group, ltd.
Member Since:
8/1/2002
Posted: Tuesday, October 21, 2003 at 6:33:09 PM Post Subject: self underwritings- follow-up
--------------------------------------------------------------------------------
since there were no "posts" to my suggestion, this follow-up may encounter a similar lack of interest. i don't want to give up that easily however, in trying to get others to go down that path.
by practicing what i preach, my effort at a self underwriting for a small start-up with limited capital- enough for lawyers, road-shows, fees for loi's- has resulted in getting a lead underwriter and a great deal of interest in the issue. we have now filed and have had several exchanges with the s.e.c and the n.a.s.d
and are in the road-show process. success will be measured with a "close" that results in good funds and a public market.
along the way i can tell you that i found many small firms looking for investment product, either by looking to market a private placement or an ipo. they key to getting interest is in the sizzle and in the structure. sizzle is easy to identify- like pornography, you know it when you see it. structure (maybe not the best word) simply means the way the capitalization is constructed, the available float, obviously a perceived low valuation, and no future dilution below offering prices or with a potential of a major increase in shares.
marshall sterman
of the mayflower group, ltd.
Member Since:
8/1/2002
Posted: Wednesday, December 10, 2003 at 8:32:07 PM Post Subject: success!! ipo effective and trading today.
--------------------------------------------------------------------------------
...a happy ending. our issue made it to market today as predicted some months ago. we ended up increasing the size from 1m shares at $5 to over 1.6m including the "shoe". our underwriter is a small fla firm that hadn't done a deal in some time and along the way we went through 3 underwriters. we held our ground on valuation and some other terms (3 votes for the insider b shares vs 1 vote for the ipo a shares; no warrants).
the message i want to send to all of you is that you can still do a venture underwriting if you have a good story and value the deal so that the ipo investors feel they are not getting hosed. i'm not sure, but i believe thayt 50% of the issue was sold to small fund managers and professional investors.
the company is vaso active phamaceuticals and trades under VAPH. anyone have a favorite stock they'd like to wager versus this? i'll take on all comers.
http://vcexperts.com/vce/community/forums/topic_view.asp?topic_id=73
---
Medical Solutions Management Inc. (MSMI), formerly China Media Networks International, today, announced the appointment of Marshall S. Sterman to its Board of Directors. Mr. Sterman is currently the President of The Mayflower Group, Ltd and serves as a Director of Net Currents, Inc. and WaterChef, Inc. (WTER). He also serves as Chairman of WiFiMed and Bellacasa.(BCSP). Mr. Sterman holds an MBA from the Harvard Graduate School of Business.
http://www.new.citynewslive.com/Article/Medical-Solutions-Management-Inc--Announces-Senior-Management-and-Board-of-Director-Appointments/4200320092003203888
-----------------------------
Isn't the interweb great lol
-----------------------------
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=13499122
The Mayflower Group, Ltd.
Company Overview
The Mayflower Group, Ltd. is an investment-banking firm that offers financial advisory services. The firm is based in Boston, Massachusetts.
393 Commonwealth Avenue
Boston, MA 02115
United States
Key Executives
Mr. Marshall S. Sterman
President
Age: 76
---
http://investing.businessweek.com/research/stocks/private/person.asp?personId=8099521
BOARD OF DIRECTORS MEMBERSHIPS
2008-Present
Former Director
Stone Consulting Services, Inc..
2008-Present
Director
Yatinoo, Inc.
2006-Present
Director
VSUS Technologies Inc.
2006-Present
Chairman and Chairman of Audit Committee
Medical Solutions Management Inc.
2006-Present
Director, Chairman of Audit Committee, Member of Nominating & Corporate Governance Committee and Member of Compensation Committee
Andover Medical, Inc.
2006-Present
Chairman and Chairman of Audit Committee
WiFiMed Holdings Company, Inc.
2006-Present
Chairman, Chief Executive Officer, President, Chief Financial Officer and Principal Accounting Officer
Aquamer Medical Corp.
2002-Present
Director
NetCurrents Information Services Inc.
2000-Present
Former Acting Secretary, Director, Chairman of Audit Committee and Chairman of Compensation Committee
Water Chef Inc.
Director
IntraDyn Inc.
EDUCATION
MBA
Harvard University
Other Education
Brandeis University
BA
Brandeis University
BS
Brandeis University
Other Education
Harvard Business School
MBA
Harvard Business School
OTHER AFFILIATIONS
Water Chef Inc.
Harvard University
Brandeis University
NetCurrents Information Services Inc.
The Mayflower Group, Ltd.
VSUS Technologies Inc.
Harvard Business School
Medical Solutions Management Inc.
Andover Medical, Inc.
WiFiMed Holdings Company, Inc.
IntraDyn Inc.
Stone Consulting Services, Inc.
Yatinoo, Inc.
By the way, since you mentioned it, I scanned their SEC filings also.
It's funny where those darn filings can lead a person:
...Meyers Associates, L.P., a registered broker-dealer, has served as a promoter of the Company in connection with the formation of the Company and the July 2007 Private Placement...
http://www.sec.gov/Archives/edgar/data/1406407/000140640708000004/xslFormDX01/primary_doc.xml
Last Name First Name Middle Name
Associates, L.P. Meyers
Street Address 1 Street Address 2
45 Broadway, 2nd Floor
City State/Province/Country ZIP/PostalCode
New York NY
---
Department of Enforcement v. Meyers Associates, L.P., formerly known as Roan-Meyers Associates, L.P. (BD No. 34171), Disciplinary Proceeding
http://www.finra.org/ArbitrationMediation/Neutrals/Education/NeutralCorner/P015539
---
Bruce Meyers, The M and B Weiss Family Limited Partnership of 1996, Melvyn I. Weiss and Michael Stone C/O Meyers Associates, L.P.
http://investor.opko.com/secfiling.cfm?filingID=950117-03-4758
OPKO Health
Form DFAN14A
Definitive Proxy Statement
Filed Nov 10, 2003
...THE COMPANY HAS NEVER DEVELOPED A MARKETABLE PRODUCT
The Company has been unable to develop marketable products. As noted in the Company's most recent 10-K, from the time of the Company's founding in 1991 until 2001, its efforts were devoted to discovery research activities related to potential therapies for human disease and to improvement (by generic engineering) of technologies for producing certain products manufactured and marketed by other companies. As further noted in the Company's 10-K, through 2001, the Company had not created a commercially viable drug candidate, nor had its efforts in production technology improvement research led to any commercially viable manufacturing processes. According to the Company's 10-Q for the period ended June 30, 2003, the Company's Board of Directors and its senior management concluded that it would be in the best interest of the Company's stockholders if the Company entered into a business combination with a company having products in clinical development and/or pursued a strategy of in-licensing compounds already in human trials and completed that process. However, the Company has not combined with another company.
Now, according to Dr. Goode's October 10th letter, the Company is "redeploying" its assets to become a commercially-orientated specialty markets drug company. Dr. Goode is essentially asking the Company's shareholders to give him and the other members of the Board another chance. We say that enough is enough and it is time for them to be replaced. Even Dr. Goode's letter concedes that "[d]rug development is inherently risky and there can be no guarantee that your Board's strategy will be successful."
DON'T BE DISTRACTED BY DR. GOODE'S LETTER
In his October 10th letter, Dr. Goode has criticized us because we have not articulated a plan for how the Company will be turned around. The Nominees do not have access to the Company's records and do not know all of the Company's current liabilities. Therefore, it would be imprudent to provide a "plan" without knowing all of the facts about the Company. Once the Nominees are elected to the Company's Board, they will determine the best course for the Company based on its current condition.
In his October 10th letter, Dr. Goode questions the integrity of Melvyn I. Weiss and Bruce Meyers. Mr. Weiss is the senior partner and a founder of the nationally known law firm of Milberg Weiss Bershad Hynes & Lerach LLP. Milberg Weiss has been responsible for a number of outstanding recoveries on behalf of shareholders which, in the aggregate total approximately
$20 billion. Mr. Weiss has also been called one of the 100 most influential people in accounting. Dr. Goode's October 10th letter cited an article in the Financial Times that stated that Mr. Weiss has been attacked by critics for "shake-downs" of companies. However, Dr. Goode failed to mention that Financial Times printed a correction on September 22, 2003 stating that the use of the term "shakedown king" was not intended to imply that Mr. Weiss has engaged in illegal activity while litigating securities actions on behalf of shareholders. Throughout his career, Mr. Weiss has acted to protect the rights of shareholders.
Bruce Meyers has been a successful stockbroker for over 20 years. In August, 2002, the Company engaged Meyers Associates, L.P., a company controlled by Mr. Meyers, to provide it with financial advisory services. The Company's decision to retain Mr. Meyers' firm undercuts its needless personal attacks on Mr. Meyers' professional reputation.
Dr. Goode also seems to take issue with how Mr. Meyers acquired some of his shares of the Company. Perhaps the Company's Board should explain why, according to the Company's 10-K for the year ended December 31, 2002, Dr. Goode was able to purchase 100,000 shares of the Company's Treasury Stock by paying $25,000 in cash and issuing the Company a promissory note for $300,000.
The Company has also questioned the Nominees' qualifications. The Nominees are all well educated and experienced business people. In fact, four of the five Nominees either are now on or have been on the boards of publicly traded companies.
Don't let the Company distract and confuse you, do not sign the WHITE CONSENT CARD. Let your voice be heard. Tell the Company's Board you want results not new plans and promises for the future. To remove the Company's directors and elect the Nominees, on the enclosed BLUE consent card, please check the two boxes marked "Consents", sign, date and return the BLUE consent card in the enclosed envelope. We urge you to do this even if you have already sent in a BLUE consent card. Only your latest consent card will be counted. If you have any questions, please call Bruce Meyers at (212) 742-4334.
Very truly yours,
Bruce Meyers, The M and B Weiss Family Limited Partnership of 1996, Melvyn I. Weiss and Michael Stone
If you are that close with the CEO, ask him why the SEC suspended trade in his stock.
So far, their press releases have basically said nothing.
I am new to this site. I am an investor in Yatinoo. I can not find today the blacklist notation on alexa. When I called them they told me yesterday that it was removed from alexa by alexa because it was put on yatinoo in error. You can call to confirm.
I have read the super 8k several times including and not limited to all the appendix's. (please take special note of the independent valuation submitted with the 8k) I suggest you read it in its entirely. very very informative and seemingly not the king of full disclosure you would see from a scam company.
Before investing I have meet with the CEO on several occasions. Again, he appeared straight forward, very professional, and very confident about the future of the company. He fully explained what had happened at the prior company and I was quite satisfied by his explanation.
I understand the strategy of shorting a new stock like this especially one valued in this range. The same people probably shorted google, yahoo and alike.
The business model for this company in my opinion is compelling enough IMO to look into it further and watch how it goes.
So for the real investors and not the shorters who think this is a easy pickings, do your diligence, and watch before making a decision.
I am very impressed with a company who gets an alexa rating below 4000 and check out the google analytics pretty amazing without any advertising!!!
Just trying to give this discussion some REAL information.
Not looking to get into a tit for tat with shorters, i prefer to watch the company over time to let it prove itself.
So I guess the "grey in 9 days" prediction is history...
See below: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ytno
I knew they would trade again...
On Grey sheets there is no published bid and ask. There are no trades yet that I can see. A Grey Market stock with a $720M market cap? If it does trade Grey, it will probably be sub-penny.
As for the rest, not sure who they are focused on. Might know in a year, considering how slowly the SEC moves.
So I guess the "grey in 9 days" prediction is history! LOL
I knew they would trade again. Like I said before, it would just be plain idiocy to go through all the hassle and expense of going public and not be on the level. Not saying they're not idiots, but I guess we'll see.
The two most disturbing parts of this whole thing are the following sentences, one from the SEC notice and one from the press release yesterday:
1) "Questions have arisen concerning the accuracy and adequacy of publicly-available information about Yatinoo securities, including information in the market place regarding the number of Yatinoo's issued and outstanding shares and market capitalization, AND YATINOO'S OPERATIONS."
2) The Company is cooperating fully with the SEC in its investigation, WHICH IS ONGOING.
Not good...
My guess is that the SEC is watching Michael Stone. A simple mistake like a discrepancy in the number of shares generally would not cause this kind of reaction from the SEC IMHO.
Getting approved for trading is the easy part, removing the cloud of suspicion will prove much harder...
The SEC hasn't said much.
But you are welcome to go back and read my previous posts.
Ahh I see, was it explained what Trickery was being looked at? Or I assume possibly there was none or evidence found as they are off suspension?
Just curious. Happy trading everyone, and happy new year.
It appears the SEC intervened to prevent some kind of chicanery
http://en.wiktionary.org/wiki/chicanery
not a thing. that's what i thought
Just coming accross some of these posts, a friend of mine passed me this thread, just wondered what the bottom line as with this new company yatinoo was?
Thanks.
don't see any trades here yet.
Somebody will probably average down at some point.
Not a good strategy. In fact, nearly a 100% chance that would be a losing strategy.
Any trades since coming off the suspension?
No, problem will not happen again. I was just frustrated with some of the posters. Sorry for lumping you into that category Generic. You're clearly not one of them. Also, sorry for not sticking to the proper subject, but public is the only way I can post right now. Economy/market has hit pretty hard in our household and I cannot afford a premium anything right now.
Now that is interesting! I am going to have you do my due diligence from now on. How did you find that?
Dispelling some Alexa rank myths
A brief stint on Google looking for ways to improve your Alexa rank will highlight a few methods, some of them "legal" and some less so. As inaccurate as the Alexa traffic rankings may be, it's beneficial to you as a webmaster/blogger to have a good placement. This article is to disprove one of the most common rumours about improving your ranking, as well as discussing some alternatives - as well as why a good ranking is actually useful.
Illegal methods
There are tons of people claiming this and that to fake your Alexa ranking, including using things like FakeZilla (or something along those lines) which throws traffic via a proxy towards your domain or something. This is similar to the notion of getting a browser refresher that you install and then leave refreshing the same page on your site. Both of these aren't good and you could well find advertising networks such as Google Adsense blacklisting your account for artificially increasing your impressions (provided you have ads on that page, obviously). I can't comment on the effectiveness of these methods because I have a vested interest in avoiding the blacklist.
A basic concept to use
Alexa allows you to download a toolbar, from which it obtains it's traffic details. The problem with this is that the number of people who have the toolbar and browse your site is not proportional to the level of traffic you have. Therefore it's not uncommon to see 300,000 visitor p/day sites ranked above 3,000,000 p/day. Therefore to improve your ranking you want more people to visit your site with the Alexa toolbar.
Alexa Toolbar
It's toted as being spyware, it has no real use to you so there's no point you actually installing it as far as I'm concerned. If you feel this way, then your users will feel this way. It's not an attractive prospect.
So why bother trying to improve your Alexa ranking
It doesn't indicate your true traffic, many sources claim it can be easily gamed so why should you care what your ranking is?
Because too many important places care
Places like ReviewMe and TextLinkAds value your site on several defining factors and unfortunately, your Alexa ranking is one of the heaviest weighted aspects. You may have levels of traffic that you feel you could market, but if it's not reflected in your Alexa ranking then these bodies aren't going to give you a valuation that you would be happy with. Seopher.com has the same sort of problem, the rankings don't reflect the traffic.
Most common rumour to improve your rank
Regular readers will have noticed the Alexa traffic rank widget on the bottom right of each page because I was (semi) reliably informed that installing the widget would increase the reliability of the information reported to Alexa. I don't know whether this was thought because it prompts more people to click it, get the toolbar or whether it actually reports traffic stats back to Alexa themselves but it doesn't appear to have worked. My ranking hasn't actually done anything other than decrease since it was added to the site a couple of weeks ago.
The Widget doesn't help
Is what I'm saying, or at least it hasn't helped this site. It's quite the ugly thing to have on your site and conveys the wrong information if your rank isn't representative of your traffic.
Conclusion
I'm sure that there are ways to help your Alexa reflect your true traffic but this isn't one of them. You actually need 100% of your users to have the Alexa toolbar installed but I couldn't possibly recommend this action because I've heard it used too much with the term "spyware" for me to trust it. I shall keep investigating how to improve the situation.
http://www.seopher.com/articles/dispelling_some_alexa_rank_myths
This company is suspended from trading and is black listed from alexa for traffic being faked.
http://www.alexa.com/data/details/traffic_details/yatinoo.com/news/index.php?mdrf=2
Doesn't appeal to me.
Lowe6er
Now this is interesting: 1. Andover Medical (ADOV) and Yatinoo (YTNO) are at the same address, but with different suite numbers.
2. Andover Medical - their former CEO FRANK P. MAGLIOCHETTI was convicted of money laundering and for filing a false tax return.
3. And there's a MICHAEL STONE listed as a shareholder of Andover Medical in their 04/2007 SB-2. Michael Stone is a fairly common name. So who knows, might not be the same guy. But it is interesting.
1. ADDRESSES AT SAME BUILDING:
Andover Medical, Inc.
510 Turnpike Street, Ste 204
North Andover, MA 01845
Phone: (978) 557-1001
Andover Medical (BB) ADOV - Higher than average volume on THURSDAY.
Historical Prices
Date Open High Low Close Volume Adj Close
2008/12/19 0.16 0.16 0.16 0.16 - 0.16
2008/12/18 0.090 0.27 0.080 0.16 130,340 0.16
2008/12/17 0.080 0.090 0.080 0.080 2,400 0.080
2008/12/16 0.080 0.090 0.070 0.090 5,600 0.090
2008/12/15 0.070 0.070 0.070 0.070 - 0.070
2008/12/12 0.070 0.090 0.070 0.070 25,000 0.070
2008/12/11 0.090 0.090 0.090 0.090 - 0.090
2008/12/10 0.090 0.090 0.090 0.090 1,000 0.090
2008/12/09 0.090 0.090 0.090 0.090 4,500 0.090
2008/12/08 0.070 0.090 0.050 0.090 39,600 0.090
2008/12/05 0.070 0.070 0.070 0.070 1,000 0.070
2008/12/04 0.070 0.070 0.070 0.070 - 0.070
2008/12/03 0.070 0.070 0.070 0.070 1,000 0.070
2008/12/02 0.070 0.070 0.070 0.070 5,000 0.070
2008/12/01 0.070 0.070 0.070 0.070 - 0.070
Date Open High Low Close Volume Adj Close
2008/12/19 4.80 4.80 4.80 4.80 - 4.80
2008/12/18 4.80 4.80 4.80 4.80 - 4.80
2008/12/17 4.80 4.80 4.80 4.80 - 4.80
2008/12/16 4.80 4.80 4.80 4.80 - 4.80
2008/12/15 4.80 4.80 4.80 4.80 - 4.80
2008/12/12 4.80 4.80 4.80 4.80 - 4.80
2008/12/11 4.80 4.80 4.80 4.80 - 4.80
2008/12/10 4.85 4.85 4.50 4.80 4,300 4.80
2008/12/09 4.85 4.85 4.02 4.75 8,700 4.75
2008/12/08 4.84 4.85 4.60 4.83 7,500 4.83
2008/12/05 4.85 4.85 4.60 4.84 17,559 4.84
2008/12/04 4.80 4.89 4.79 4.84 15,500 4.84
2008/12/03 4.65 4.80 4.60 4.79 21,706 4.79
2008/12/02 4.30 4.60 4.00 4.60 20,397 4.60
2008/12/01 - - - - - -
That post was about ALOC being REVOKED. Not "delisted" as you said.
Suspensions for 10 days (like YTNO) AND revocations are both up in 2008.
Trading Suspensions!
When the SEC Suspends Trading in a Stock
#msg-17969590
--
Delistings can be voluntary or involuntary. Being delisted for failure ot file is involuntary. And as you can see below, that's WAY UP in 2008 also.
Releases Related to Delinquent Filings
http://www.sec.gov/divisions/enforce/delinquent/delinqindex.htm
...perhaps you should not assume that every new person that counters your opinion or otherwise challenges your views is such...
Have I stated an opinion? I was just posting material that's publicly available and posted on iHub about the company and the officers listed in the iBox here.
...These boards are for social interaction, information sharing and other free speech...
The TOU does not provide for "free speech." All speech is not permitted on iHub. For instance, posting another member's private messages publicly is a TOU violation.
...You showed a thread where perpetrators of bashing got removed from the board...
Based on what I read, it was one natural person with multiple identities posting to himself/herself on that message board. The booted aliases were multiple aliases. This is also a TOU violation. But that's just based on what I read publicly. Dave will know far more, since he's the one that handled it.
...And why is the "blacklisted" Alexa link go to Yatinoo's website instead of explaining what "blacklisted" means?
No idea. That's why I asked the question. Do you know the answer? I've never seen that on Alexa before. It does say something about fake traffic. Maybe Alexa is saying that a handful of IP addresses are clicking links on the web site all day? Just a guess. I could imagine someone "priming the pump" with clicks, just like fraudsters "prime the pump" with illegal wash trading in a stock. But I truly have no idea.
...But Generic, let me tell you that if you were in a court of law with the evidence you provided, you would lose hands down...
Is there a reason to go to court? The SEC suspended the stock for a reason. I am posting what's publicly available to figure out why. My posts have been very superficial to this point. But you have to build a foundation one brick at a time if you are researching a company. I do this for entertainment.
...I want everyone on this board to know what kind of people you are...
If you confine your posting activity to the stock, and don't make your posts about other aliases, your tenure on iHub will last longer. I offer this as friendly advice to a new alias.
Sorry if you are a shareholder.
Good luck.
You mean delisting. This happens all the time and is happening more and more these days. While they should have filed a "Request for Delisting" with the SEC, they just failed to report and let nature take it's course. This is not uncommon. Looks bad? Yes. Criminal? No.
Being unsavvy in business and running a failed company are not crimes. If I had a dollar for every stock I could bash just because I lost money....
You seem to know so much Generic, it's time to prove as such...
Posted by: pennypusher1
Date: Wednesday, September 12, 2007 12:13:32 AM
In reply to: Art2Gecko who wrote msg# 1822 Post # of 2868
going through old posts.. on that board hell of a conversation between wong and mancini, crying out againt Khalid Akid.
http://investorshub.advfn.com/boards/board.aspx?board_id=2615
Postings by mmancini to Amitelo Communications
Return to Summary
Message Date Recipient
This is getting to be interesting 01/18/2006 01:53:07 PM CCMM
Jason Wong and I know each other nothing 01/18/2006 01:18:53 PM cosmoworld7
cosmoworld7 my agenda is simple.protecting ALOC shareholders 01/18/2006 01:11:48 PM cosmoworld7
How come Aloc shareholders where never mailed anything 01/17/2006 09:15:57 PM pennypauly
Lying not me, ALOC shareholders where not informed 01/10/2006 03:29:10 PM cosmoworld7
When someone steals something from you and then 01/10/2006 11:44:06 AM CCMM
how can you think anything is going to 01/09/2006 02:42:51 PM CCMM
Too bad ALOC shareholders have been ripped off 01/06/2006 11:09:07 PM cosmoworld7
Stop posting false information, there has been no 01/06/2006 10:00:11 PM cosmoworld7
Only a fool would try to intentionally mix 01/06/2006 02:31:03 PM cosmoworld7
Post 1145 by cosmoworld7 states "ALOC closes the 01/06/2006 02:24:49 PM cosmoworld7
ALOC DOES NOT TRADE or don't you know 01/06/2006 02:16:23 PM cosmoworld7
more false information since ALOC does not trade 01/06/2006 12:45:10 PM cosmoworld7
You are intentionally trying to confuse ALOC shareholders 01/05/2006 03:48:59 PM cosmoworld7
ALOC shareholders have gotten ZERO from Akid 01/05/2006 11:51:48 AM cosmoworld7
My concern is for ALOC shareholders who have 01/05/2006 07:26:29 AM cosmoworld7
volakin ALOC shareholders have seen their investment taken 01/04/2006 08:23:51 PM volakin
why do you ask 01/04/2006 08:17:51 PM volakin
ALOC shareholders continue to be pleased with what investment 01/04/2006 06:22:39 AM cosmoworld7
volakin ALOC shareholders have been ripped off, not 01/03/2006 11:06:47 PM volakin
I am just posting the truth, unlike you 12/29/2005 08:38:34 AM cosmoworld7
To all ALOC shareholders, disregard message 1119 as 12/28/2005 09:38:35 PM pennypauly
ALOC shareholders have never gotten anything official. 12/28/2005 07:52:24 AM cosmoworld7
ALOC shareholders have not been given any investment 12/27/2005 09:33:56 PM cosmoworld7
can't sell what you don't get 12/27/2005 05:06:36 PM volakin
volakin,don't you wonder why no one has stock, 12/27/2005 03:32:48 PM cosmoworld7
Akid stole from ALOC shareholders 12/24/2005 05:52:09 PM cosmoworld7
Why do you post misleading information, There was 12/24/2005 08:59:40 AM cosmoworld7
Stop posting lies. anyone can call the transfer 12/23/2005 11:03:28 PM cosmoworld7
Akid didn't pay the transfer agent so you 12/23/2005 10:54:09 PM cosmoworld7
The authorities are investigating what Akid has done, 12/23/2005 04:30:23 PM volakin
only if we allow it to happen and 12/23/2005 04:21:55 PM volakin
It is not going to work properly without 12/23/2005 03:57:55 PM volakin
Not true, first shareholders have to vote their 12/22/2005 09:47:15 PM volakin
cosmoworld7 you are out of your mind blaming 12/22/2005 09:20:50 PM cosmoworld7
There was no mailing to ALOC shareholders by 12/21/2005 10:49:51 PM cosmoworld7
Akid did not consult ALOC shareholders as required 12/21/2005 10:45:47 PM cosmoworld7
Clearly you don't understand that NO REVERSE MERGER 12/21/2005 10:40:52 PM cosmoworld7
But I am not the only one 12/21/2005 10:29:40 PM cosmoworld7
For ALOC shareholders NOTHING is OK so far 12/21/2005 10:26:13 PM cosmoworld7
=============
Posted by: cosmoworld7
Date: Wednesday, January 18, 2006 2:51:58 PM
In reply to: None Post # of 1424
Board: Posters mmancini and jwong have rightfully been ‘jailed’ from this board after proper authentication by the system administrators. Both aliases were obviously the same person (as evident by him accidentally referring to himself) attempted to fabricate a false scenario on this board and trying to create false negative propaganda about the details of this investment.
As someone who believe in free speech, I total support all types of comments, including negative ones (as everyone is entitled to their opinion). However, slandering a publicly traded company in an attempt to harm the stock is not only illegal but highly unethical! Many of you may have heard of situations in recent years where posters were sued by the company for making false claims such as, “I know the CEO…” Such activiy is usually a ploy by competitors or those who have lost money in the investment and are looking for ‘revenge’. Its good to see Ihub taking measures against poster such as this.
===========
Posted by: IH Geek [Dave]
Date: Wednesday, January 25, 2006 1:47:41 PM
In reply to: jwong who wrote msg# 76768
#msg-9407067
Same Location.
Same Workstation.
Same Board.
Same Topic.
Same Times.
I just took a further look at the content of those posts by purportedly different people, and....
http://www.investorshub.com/boards/read_msg.asp?message_id=9295179
Posted by: mmancini
In reply to: pennypauly who wrote msg# 1172 Date:1/17/2006 9:15:58 PM
Post #of 1193
How come Aloc shareholders where never mailed anything offical from the transfer agent which is the proper legal procedure. Mmancini is correct when he complains about Aloc shareholders having their assets stolen.
That is what Khalid did but I am not surprised. I was in Spain and saw his operation, his proudest moment was in showing me the equipment he stole at night from other companies.
So, that is either:
a) You posting under the mmancini account; and/or
b) mmancini referring to himself in the third person; and/or
c) You are both Aliases; and/or
d) Some combination of the above.
Then a few minutes later comes along the "oops, me too" post:
http://www.investorshub.com/boards/read_msg.asp?message_id=9295458
Posted by: jwong
In reply to: mmancini who wrote msg# 1173 Date:1/17/2006 9:42:16 PM
Post #of 1193
I was there as well and I have the pictures to prove it.
Khalid Akid does not deliver on anything he says.
Aloc shareholders would be smart to be contacting the authorities and not pay attention to a few people who are betting your investment on a pdf file that is meaningless from a legal point of view.
Understand that I'm not considering the subjective content of the posts at all; only the apparent violation of the prohibition of multiple account usage.
Case closed.
Posted by: clarity_claus
Date: Tuesday, September 11, 2007 3:24:33 PM
In reply to: Art2Gecko who wrote msg# 1770
#msg-22774911
Yep - I previously posted that one.... here's something else
Posted from the IHUB JAIL
Posted by: mmancini
In reply to: IH Geek [Dave] who wrote msg# 76775 Date:1/25/2006 3:44:02 PM
Post #of 88030
got a phone call from Jason Wong who requested I answer.
First we are two different people and we were together one day discussing how ALOC shareholders had been illegally ripped off.
Second, the public records in regard to ALOC speak for themselves. ALOC was a public company incorporated in Florida and management moved the assets to a swiss company without shareholder authorization or compensation.
You have allowed the moderator of the ALOC board to post false information in regard to this situation and furthermore you have allowed the two people who are trying to protect ALOC shareholders to be removed from the board.
The 'ball' is in your court
Posted by: jimmenknee
Date: Tuesday, September 11, 2007 12:53:11 PM
In reply to: clarity_claus who wrote msg# 1719
#msg-22768023
Amitelo Communications (ALOC at that time) was an interesting twist in the Jason Wong saga. Seems he was posting information against Khalid Akid and purporting to be on the side of shareholders. Khalid Akid is still connected to Amitelo according to thier website. If I were to assess the good/bad to this development, I'd at least read the last 100 or so messages off the old ALOC board:
http://investorshub.advfn.com/boards/board.asp?board_id=2615
Posted by: jwong
In reply to: pennypauly who wrote msg# 1169 Date:1/17/2006 3:57:23 PM
Post #of 1423
Knowing Khalid Akid as well as I do, it will be him and his friends selling stock.
I was involved with helping him the first time around and I can assure all those waiting for him to complete any promises he made to investors, it will not happen.
Aloc shareholders have been and will be left with nothing unless they contact the authorities in the United States and Germany
http://investorshub.advfn.com/boards/read_msg.asp?message_id=9291819
Another iHub stock post: PhoneBrasil International, Inc (PHBR)
#msg-22772378
Posted by: jimmenknee
Date: Tuesday, September 11, 2007 2:30:37 PM
In reply to: Art2Gecko who wrote msg# 1740
Khaled Ben Fej El Akid 8.8% (5,280,000 shares)
h ttp://www.amitelo.ag/?content=kurzportrait
http://investorshub.advfn.com/boards/read_msg.asp?message_id=9609512
Posted by: volakin
In reply to: None Date:2/7/2006 7:12:40 PM
Post #of 1423
Dear Madams / Dear Sirs,
for those who has received this email are the ALOC shareholders that have already provided the evidence for their ALOC shares and are on the approved transfer list for the new shares of Amitelo AG.
The transfer order for the new shares will be sent tomorrow morning per DHL to the UBS Zurich for execution.
We thank you for your trust and we are looking forward to keeping you as our shareholders.
With Best Regards
Khaled Akid
From the iBox here:
Select American Transfer Company | #board-8969
WONG, JASON
AMITELO COMMUNICATIONS, INC.(ACOL)
PRINCIPAL ADDRESS
10151 UNIVERSITY BLVD
SUITE 120
ORLANDO FL 32817
AKID, KHALID
Over on I-hub they are talking about how Select/Sparrow aparrently did this with 20+ other companies, and they seem to have pretty decent evidence. What do you guys make of that?
Quote from there:
"List of sparrow/ wong/ watson stocks that seem to have been highjacked or have ties through mailbox/phone number / registered names. ALL through SELECT AMERICA. They have taken the shells and register them in either Delaware, Florida, or California. Eventually they end up in Toronto.
AMITELO COMMUNICATIONS,INC (ALOC)
DTG MULTIMEDIA,INC
NUTRIONE CORPORATION
ADVANCED GROWING SYSTEMS,INC
LOTTA COAL,INC
PACKAGED HOME SOLUTIONS,INC TCPI Inc
CHARTWELL HOMES,INC
ADVANCED GROWING SYSTEMS,INC
CLASSICAL PRODUCTIONS AND CONSULTING,INC
DGWF) NOW (YNTE)
KSWJ
Cambridge Resources Corp (CBRP)
Grand Lux Inc. (GRDX)
ILGY
MGGL/MGLG
LSMJ
BHUB
Direct Link from WATSON to SPARROW per CALIFORNIA RECORDS
Registered Agent:
Wong, Jason
10151 University Blvd Suite 120
Orlando FL 32817
416-417-4779
Officer/Director Detail
Sparrow, John
10151 University Blvd Suite 120
Orlando FL 32817
212-561-0762
Per CURRENT california records
Corporation
INTERNATIONAL ENERGY LTD.
Number: C2741312 Date Filed: 4/7/2005 Status: active
Jurisdiction: California
Address
10151 UNIVERSITY BLVD
SUITE 120
ORLANDO, FL 32817
Agent for Service of Process
HIQ CORPORATE S ERVICES, INC.
455 CAPITOL MALL, SUITE 217
SACRAMENTO, CA 95814
Also BDWH had same phone number 212-561-0762"
****There's more info as well.. seems this was done quite a bit.
Also:
"Jason Wong resigned as the registered agent on 03/26/07 from the following companies: **** Did he see this coming?
AMITELO COMMUNICATIONS,INC
DTG MULTIMEDIA,INC
NUTRIONE CORPORATION
ADVANCED GROWING SYSTEMS,INC
LOTTA COAL,INC
John Sparrow is listed as an officer of the following:
PACKAGED HOME SOLUTIONS,INC
CHARTWELL HOMES,INC
ADVANCED GROWING SYSTEMS,INC
CLASSICAL PRODUCTIONS AND CONSULTING,INC"
There's more of this as well.
--------------------------------------------------------------------------------
Last edited by DanM : Apr 13th, 2007 at 12:56 PM.
SECURITY DELETIONS
Dl Date Symbol Company Name Effective Date/Comments
3/31/2005 ALOC Amitelo Communications, Inc. Common Stock 4/1/2005 12(j) Registration Revoked by SEC **
CONTACT:
Amitelo Communications, Inc.
Khaled Akid, CEO
akid@amitelo.com
http://www.amitelo.com
============
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
Securities Exchange Act of 1934
Release No. 51357 / March 10, 2005
Admin. Proc. File No. 3-11831
--------------------------------------------------------------------------------
In the Matter of
AMITELO COMMUNICATIONS, INC., and WHITEHALL ENTERPRISES, INC.
--------------------------------------------------------------------------------
ORDER MAKING FINDINGS AND REVOKING REGISTRATIONS BY DEFAULT
SUMMARY
This Order revokes the registration of the securities of Amitelo Communications, Inc. (ALOC), and of Whitehall Enterprises, Inc. (WTHL). The revocation is based on the corporations' repeated failure to file required periodic reports with the Securities and Exchange Commission (Commission).
I. BACKGROUND
The Commission initiated this proceeding on February 15, 2005, with an Order Instituting Proceedings (OIP), pursuant to Section 12(j) of the Securities Exchange Act of 1934 (Exchange Act). The OIP alleges that the securities of ALOC and of WTHL are registered under Section 12(g) of the Exchange Act, that each is delinquent in filing its required periodic reports - ALOC since the period ended December 31, 1995, and WTHL since the period ended June 30, 2002. ALOC was served with the OIP on February 17, 2005, and WTHL, on February 16, 2005. Each failed to file an answer, due within ten days after service of the OIP. OIP at 3. A Respondent that fails to file an answer to the OIP may be deemed to be in default, and the administrative law judge may determine the proceeding against it. See 17 C.F.R. §§ 201.155(a), .220(f); OIP at 3. ALOC and WTHL are in default, and the undersigned finds that the allegations in the OIP are true.
II. FINDINGS OF FACT
Securities of ALOC and of WTHL are, and were during the time at issue, registered with the Commission pursuant to Section 12(g) of the Exchange Act. ALOC failed to file annual reports (on Forms 10-K or 10-KSB) and quarterly reports (on Forms 10-Q or 10-QSB) for any fiscal period subsequent to the period ended December 31, 1995. WTHL failed to file annual and quarterly reports for any fiscal period subsequent to the period ended June 30, 2002. ALOC's last filing reported assets of $2,363,112, liabilities of $2,574,417, and a net loss of $907,461 for the year ended December 31, 1995. WTHL's last filing reported assets of $3,100,463, liabilities of $1,610,560, and a net loss of $734,330 for the nine months ended June 30, 2002. WTHL has a void status with the Delaware Secretary of State and is currently in an involuntary, Chapter 7, bankruptcy proceeding. ALOC and WTHL were quoted on the Pink Sheets as of November 30, 2004, and are two of the highest volume delinquent issuers quoted on the Pink Sheets.
III. CONCLUSIONS OF LAW
By failing to file required annual and quarterly reports, ALOC and WTHL violated Exchange Act Section 13(a) and Rules 13a-1 and 13a-13.
IV. SANCTION
Revocation of the registration of the securities of ALOC and of WTHL will serve the public interest and the protection of investors, pursuant to Section 12(j) of the Exchange Act. Revocation accords with Commission precedent and sanction considerations set forth in Steadman v. SEC, 603 F.2d 1126, 1140 (5th Cir. 1979), and with the sanctions imposed in similar cases in which corporations violated Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 by failing to file required annual and quarterly reports. See Freedom Golf Corp., 80 SEC Docket 791 (A.L.J. May 15, 2003); Hamilton Bancorp, Inc., 79 SEC Docket 2680 (A.L.J. Feb. 24, 2003); WSF Corp., 77 SEC Docket 1831 (A.L.J. May 8, 2002).
ALOC and WTHL violated a crucial provision of the Exchange Act. The purpose of the periodic reporting requirements is to publicly disclose current, accurate financial information about an issuer so that investors may make informed decisions:
The reporting requirements of the Securities Exchange Act of 1934 is the primary tool which Congress has fashioned for the protection of investors from negligent, careless, and deliberate misrepresentations in the sale of stock and securities. Congress has extended the reporting requirements even to companies which are "relatively unknown and insubstantial."
SEC v. Beisinger Indus. Corp., 552 F.2d 15, 18 (1st Cir. 1977) (quoting legislative history).
The violations were recurrent, egregious, and deprived the investing public of current and accurate financial information on which to make informed decisions.
Additionally, as the Commission has noted, "many publicly traded companies that fail to file on a timely basis are 'shell companies' and, as such, attractive vehicles for fraudulent stock manipulation schemes. Revocation . . . can make such issuers less appealing to persons who would put them to fraudulent use." e-smart Technologies, Inc., Securities Act Release No. 50514 (Oct. 12, 2004) at 5 n.14.
V. ORDER
IT IS ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, 15 U.S.C. § 78l(j), the REGISTRATION of the securities of Amitelo Communications, Inc., IS REVOKED.
IT IS FURTHER ORDERED that, pursuant to Section 12(j) of the Securities Exchange Act of 1934, 15 U.S.C. § 78l(j), the REGISTRATION of the securities of Whitehall Enterprises, Inc., IS REVOKED.
______________________________
Carol Fox Foelak
Administrative Law Judge
http://www.sec.gov/litigation/admin/34-51357.htm
--------------------------------------------------------------------------------
Home | Previous Page Modified: 03/10/2005
http://www.sec.gov/litigation/admin/34-51357.htm
Yatinoo is "Blacklisted" by Alexa? What does that mean?
http://www.alexa.com/data/details/traffic_details/yatinoo.com
people would be surprised if they knew all the things people do to operate stock selling programs.
many of them do very stupid things.
not that there's anything wrong with that.
it's just typical to read a post that says a ten day suspension is no big deal. it's not difficult to imagine that it is some poor (or rich?) stock holder.
I guess i could post a list of all the stocks that have been suspended for 10 days this year. or a list of those that were revoked. it's a longer list than most years.
Just go look at ATNE. That stock went grey over the summer. It hasn't traded yet. Many of them don't.
http://investorshub.advfn.com/boards/board.aspx?board_id=6897
Generic.......these guys are dumber than we thought.....
Unbelievable!
Welcome to iHub. Are you in California? Like Venice?
Hi everyone, I have been looking into this stock for a couple of days now. Besides popping off about potential scams, I see no one here has provided any evidence of such, including Mr. Akids previous companies, positions (i.e. Amatelo, etc.) berri, providing a profile on a company is not proof of a scam.
I think you guys are on the right track with Stone. My experience is that when something like this happens, the SEC is usually watching someone involved. Mr. Stone and his wife Lore, have been involved in the public markets for some time, mostly in the shell game it appears. http://sec.edgar-online.com/2000/07/21/15/0000950120-00-000184/Section13.asp
But I have found no evidence that they have done anything wrong.
Though not always 100% the case, it is also my experience that a company would not go through the significant cost of purchasing a shell, incur legal expenses, etc., and throw themselves in the public markets for everyone to scrutinize if they were crooks.
Again, I've seen it before, but in today's market, you would simply have to be an idiot to do that...
So, while it's fun to pick at companies and call them scams, evidence is what we need. I look forward to any that anyone has. My prediction is that they will get this cleared up, but I've been wrong before! :)
thanks to Algore lol
the power of the internet
Good stuff Generic
Trading Suspensions December 17, 2008 Yatinoo, Inc.
http://www.sec.gov/litigation/suspensions/2008/34-59110.pdf
See also Order (Release No. 34-59110; December 17, 2008)
http://www.sec.gov/litigation/suspensions/2008/34-59110-o.pdf
SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934 CORRECTED RELEASE NO. 59110 / December 17, 2008
The Securities and Exchange Commission announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange Act"), of trading of the securities of Yatinoo, Inc. ("Yatinoo") at 9:30 a.m. EST on December 17, 2008, and terminating at 11:59 p.m. EST on December 31, 2008.
The Commission temporarily suspended trading in the securities of Yatinoo because of questions that have been raised concerning the accuracy and adequacy of publicly-available information about Yatinoo securities, including information in the market place concerning the number of Yatinoo's issued and outstanding shares and market capitalization, and Yatinoo's operations. Questions have also arisen about trading activity in the market for Yatinoo securities. Yatinoo securities are quoted on the Over-the-Counter Bulletin Board under the trading symbol YTNO.
The Commission cautions brokers, dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspension, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to Yatinoo's securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer, or other person has any information which may relate to this matter, they should contact John Polise, Assistant Director, at (202) 551-4981, or by email at polisej@sec.gov.
Stone Consulting Service
(310) 664-1444
18 Ozone Ave, Venice, CA 90291 Map it | Get directions
Cross Streets: Between Speedway and Pacific Ave
http://local.yahoo.com/info-39245958-stone-consulting-service-venice?csz=Venice%2C+CA+90291
Michael Stone supported Obama $250.00
Updated
Q1/2008
Barack Obama
$250
18 OZONE AVE
Venice CA
http://fundrace.huffingtonpost.com/neighbors.php?type=name&lname=Stone&fname=Michael
found you ;) welcome to iHub!
12-01-2008, 03:26 PM
eaglestocking
Junior Member Join Date: Nov 2008
Posts: 4
Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
Found it in the New York Times, sounds interesting to me!
Yatinoo Inc. News - The New York Times
Updated Date
13:23 11/28/2008
Old Symbol Old Name
SOCN Stone Consulting Services, Inc. New Common Stock
New Symbol New Name
YTNO Yatinoo, Inc. Common Stock (otcbb)
is that the new Google???
#2 (permalink) 12-02-2008, 11:05 AM
berri
Junior Member Join Date: Dec 2008
Posts: 2
re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
Quote:
Originally Posted by eaglestocking
Found it in the New York Times, sounds interesting to me!
Yatinoo Inc. News - The New York Times
Updated Date
13:23 11/28/2008
Old Symbol Old Name
SOCN Stone Consulting Services, Inc. New Common Stock
New Symbol New Name
YTNO Yatinoo, Inc. Common Stock (otcbb)
is that the new Google???
Are you joking???
The people behind Yatnoo, Inc are the same ones who led Amitelo AG (german stock market) to bankroupt one year ago. Yatinoo is complete joke compared to Google, furthermore... i wouldn't invest a penny on this people.
#3 (permalink) 12-02-2008, 11:23 AM
eaglestocking
Junior Member Join Date: Nov 2008
Posts: 4
re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
I don't think so! As far as I understand Amitelo DID NOT go bancrupt at all, it was taken over by another German company just recently!
Anyway, the Yatinoo-CEO left Amitelo already over one year ago, way before this issue! So I do not see any context here!
Let's wait how the stock will start trading!
#4 (permalink) 12-02-2008, 11:45 AM
bullstock
Junior Member Join Date: Dec 2008
Posts: 1
re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
YATINOO LAUNCHES INNOVATIVE NEW SEARCH ENGINE TECHNOLOGY
MALAGA, Spain, November 11, 2008 – Yatinoo is pleased to announce today the launch of its powerful new online search engine: search.yatinoo.com. The launch of this innovative new search engine further extends Yatinoo’s commitment to delivering industry-leading Internet based portal technology to the emerging, high-growth Arabic, African and Asian markets.
Yatinoo's greatest advantage and unique selling proposition is its focus on the Arabic, African and Asian regions (78 million users) as well as the Arabic, African and Asian people living abroad (e.g., approximately 20% of the 300 million U.S. population have direct African, Asian or Arabic background representing an additional target market of 60 million users only in the U.S.).
Compared to larger competitors Yatinoo offers tailor-made and highly targeted services, which fit its users' needs and suit their special "look and feel" requirements.
This free new technology is an innovative and flexible search solution that allows users to tailor their interest searches through a diverse range of formats including websites, images, audio, video, news, blogs and forums. Additionally, unlike other search offerings, users will also be able to streamline their selections through Yatinoo’s ability to offer color images displayed in conjunction with the selected results.
Khaled Akid, Yatinoo’s Chief Executive Officer, commented, “We genuinely view the Yatinoo search solution as an innovative and centralized search platform that will ease your tasks of daily searching. Search Engines have became an integral part of our daily Internet and web activities and Yatinoo is extremely pleased to provide its community with a powerful, flexible, feature rich, search solution. It’s quite understandable that users tend to seek quality search engines offering customizable relevant items only. The majority of users explore only the first couple of pages of results while often disregarding the others. Focused on meeting user’s needs, our technology offers the ability to refine the search in a number of unique areas including Open Directory, Wikipedia, PDF files and soon Rapidshare.”
The World deserves an Alternative
"Our special search technology removes the duplication of results and consistently analyses the information to ensure the constructive and best results are displayed at the top of the page." said Mr. Mohamed Agness, Chief Technology Officer of Yatinoo, he added: " When results are displayed, the "quick-look" view shows a thumbnail picture and helps users save substantial time by promptly identifying the content they need. Also the integration of several specialized search fields i.e. Web, Images, Audio, News, Video, and others creates a centralized platform for professional users to filter the content they need."
Yatinoo is a trilingual (English, French, Arabic) Internet based portal, social networking
community, and search engine offering various services, tools and content to an international audience which was developed and made available in the Middle East and North Africa region through the introduction of its media properties including Yatinoo.com, which was officially launched in October 2007. Yatinoo.com, in addition to its innovative search engine, email, weather and news, offers videos and mp3 streamings, ecards and forums. Yatinoo also offers specialized websites focusing on games, sports, and personalities in the African and Arabic world.
About Yatinoo
Yatinoo (Yatinoo Portal and Search Engine) is a trilingual (English, French, Arabic) Internet based portal,
community, and search engine offering various services, tools and contents to an international audience and positions itself as a viable alternative to Google Inc. (NASDAQ: GOOG), Yahoo Inc. (NASDAQ: YHOO) and other competitors. Yatinoo’s most distinguishing advantage and unique selling proposition is the focus on the Arabic, African and Asian regions, as well as the Arabic, African and Asian people living abroad (e.g., roughly 20% of the 300 million U.S. population have direct African, Asian or Arabic background representing a target market of 60 million users only in the U.S.). Compared to larger competitors Yatinoo offers tailor-made and highly targeted services, which fit its users’ needs and suit their special “look and feel” requirements.
Yatinoo is a trademark of Yatinoo International SA. All other company and product names may be trademarks of the respective companies with which they are associated.
#5 (permalink) 12-10-2008, 05:53 PM
berri
Junior Member Join Date: Dec 2008
Posts: 2
re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
Quote:
Originally Posted by eaglestocking
I don't think so! As far as I understand Amitelo DID NOT go bancrupt at all, it was taken over by another German company just recently!
Anyway, the Yatinoo-CEO left Amitelo already over one year ago, way before this issue! So I do not see any context here!
Let's wait how the stock will start trading!
Well Amitelo didn't go to bankrup but the point here is that they sell smoke, for one year it is worthy but them (last year) the "big boys" leave just befor the crisis begins (that's exactly what current Yatinoo CEO did and will do in one year, you'll see). Believe me if I say i really know what i am talking about. If you are really interested in investing, consider selling in less than a year or you'll loose money.
#6 (permalink) 12-11-2008, 08:13 AM
cpolitis
Junior Member Join Date: Dec 2008
Posts: 3
Re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
total scam.....their new agreement with poker stars is a joke. anybody could sign up to a a publishing program and get referral fees.
#7 (permalink) 12-11-2008, 12:57 PM
eaglestocking
Junior Member Join Date: Nov 2008
Posts: 4
Re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
Well, let's wait and see, I think they can do very well under this agreement with Pokerstars!"
#8 (permalink) 12-11-2008, 12:58 PM
tradingday
Junior Member Join Date: Dec 2008
Posts: 2
Re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
YATINOO, INC. SIGNS MARKETING AGREEMENT WITH POKERSTARS.COM
Malaga, Spain and Boston, MA, -- December 9, 2008 -- Yatinoo, Inc. (OTCBB: YTNO), announced today that it has signed a joint venture agreement with an industry consulting firm,
to display the PokerStars Banner on the Yatinoo site. The PokerStars banner is expected to be
operational on the Yatinoo web site within 10 business days.
Under the terms of this agreement Yatinoo will receive referral fees associated with the
agreement.
PokerStars.com is the world’s largest online poker room with over 15 million members
worldwide, and has more free-to-play tables than any other site. As the premier destination for the top players in the world, with numerous tournaments running every day, PokerStars.com is
renowned for offering the best software and security in the online poker world. They have every kind of game, for every kind of player, ring games, tournaments, Texas Hold 'em, Omaha and Stud, with fixed limit, pot limit and no limit. Whatever kind of online poker game you're looking for, players will find it at PokerStars.com. At PokerStars.com players can also learn how to play, and practice poker skills for free.
PokerStars is the official sponsor of: The European Poker Tour (European Poker Tour | PokerStars.com), PokerStars
Caribbean Adventure, Latin American Poker Tour (Latin American Poker Tour - LAPT Season 2 Events - PokerStars.net), Asia Pacific Poker Tour
(Asia Pacific Poker Tour - APPT Tournaments - PokerStars.net) and The World Cup of Poker. PokerStars is also the home of Team
PokerStars Pro, a group of 30 veteran and up-and-coming players from around the world who
play online at PokerStars and are sponsored by the site in international tournaments around the
world. For more information please visit Poker - Online Poker Games at PokerStars - Play Texas Holdem.
Khaled Akid, Yatinoo’s Chief Executive Officer, commented, “Today's announcement underscores the recognition of Yatinoo’s innovation as an online content provider. As part of our 2009 global growth strategy, we have identified key potential acquisition targets and alliances that we expect to position Yatinoo to become a leading web portal in key markets around the world. This agreement is just one step we have made in this regard, and speaks to the tremendous progress we have made during a very short period of time.”
In just the past 5 months, Yatinoo.com’s traffic has increased dramatically by 79.23% and
continues to grow significantly by the day. Based on this initial positive international response, the Company anticipates that there will be substantial interest in the United States for its products and services and therefore, has recently established a U.S. headquarters in Boston, Massachusetts.
In addition to its innovative search engine, email, weather and news,Yatinoo.com also offers
videos and mp3 streamings, ecards and forums and specialized websites focusing on games,
sports, and personalities in the African , Arabic and Asian markets.
#9 (permalink) 12-11-2008, 02:45 PM
cpolitis
Junior Member Join Date: Dec 2008
Posts: 3
Re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
Quote:
Originally Posted by eaglestocking
Well, let's wait and see, I think they can do very well under this agreement with Pokerstars!"
dude its obvious that you are one of the yahinoo guys. and all the other ones with positive things to say. YOU GUYS ARE A SCAM. But your not the only ones. My predicition is that you guys will go under in 70 days.
#10 (permalink) 12-16-2008, 07:43 AM
eaglestocking
Junior Member Join Date: Nov 2008
Posts: 4
Re: Yatinoo Inc. - YTNO
--------------------------------------------------------------------------------
Crap, you babble shit! I´m definitely not from Yatinoo. I´m interested, ´cause i´m a private investor
??
Stone Consulting Services, Inc
555 W Granada Blvd Ste H5 | Ormond Beach, FL 32174
PH: (386) 677-8800 | FX: N/A
http://www.automotive.com/auto-insurance/76/safeco/florida/daytona-beach-auto-insurance.html
S-1 STONE CONSULTING SERVICES INC, 18 OZONE AVENUE, VENICE, CA, 90291,
310-399-1114 - 500,000 ($50,000.00) Equity, (File 333-149995 - Mar. 31)
(BR. )
http://www.sec.gov/news/digest/2008/dig040108-sar.txt
[PDF] Securities Offerings
20k - Adobe PDF - View as html
NYS Register/September 26, 2007 Securities Offerings
Stone Consulting Services, Inc.
18 Ozone Ave., Venice, CA 60291
State or country in which incorporated — Delaware
http://www.dos.state.ny.us/info/register/2007/sep26/pdfs/securities.pdf
STOCK PURCHASE AGREEMENT
STOCK PURCHASE AGREEMENT (the “Agreement") dated November 6, 2008, by and among Stone Consulting Services Inc., a Delaware corporation (the “Buyer”); the stockholders of Yatinoo International, S.A. set forth on Schedule B annexed hereto (each such stockholder is referred to individually as a “Seller” and collectively as the “Sellers”); Yatinoo International, S.A., a Public Limited Company formed in Spain and its subsidiaries (collectively, the “Corporation”); and Khaled Akid, as agent for the Sellers (the “Sellers’ Agent” and the “Exchange Agent”).
WITNESSETH :
WHEREAS , the Corporation is engaged in activity related to the Internet, in particular, the development and the communication of gates and web sites in the Arabic and African countries regions;
WHEREAS , the Sellers own 100% of the issued capital stock (the "Stock") of the Corporation;
WHEREAS , the Sellers wish to sell and the Buyer wishes to purchase the Stock on the terms and subject to the conditions set forth in this Agreement;
WHEREAS , the Boards of Directors of the Buyer and the Corporation have determined that the YI Acquisition (defined in Section 1.1 below) is consistent with and in furtherance of its long-term business strategy and fair to, and in the best interests of the Buyer, the Corporation and their respective stockholders;
WHEREAS , in furtherance of YI Acquisition, the parties intend that: (i) the existing Board of Directors and Shareholders of Buyer have approved a 30-for-one forward stock split (“Forward Split”) effective immediately prior to the Closing (defined in Article II) and all references in this Agreement except where otherwise stated give effect to the Forward Split; (ii) simultaneous with the Closing, Michael Stone, the President of Buyer (the “Stone Principal”) and/or his designees shall return to Stone for cancellation all but 600,000 shares of the Stone Principal’s shares; (iii) the existing officers and directors of Buyer will resign and be replaced with the Sellers’ designees; (iv) the existing business, assets and liabilities of Buyer will be spun off or otherwise transferred to the Stone Principal or his designees; and (v) Buyer will change its corporate name to “Yatinoo, Inc.” or as otherwise designated by the Sellers’ Agent; and
WHEREAS , the parties have determined that it is in their respective best interests to consummate the YI Acquisition and to undertake such other actions as described herein, all on the terms and subject to the conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the foregoing and the terms, conditions, representations, warranties and covenants appearing in this Agreement, the parties hereto agree as follows:
--------------------------------------------------------------------------------
ARTICLE I
Sale and Purchase of the Stock.
1.1. YI Acquisition . Upon the terms and subject to the conditions set forth in this Agreement, including, but not limited to, the condition precedent that all deliveries pursuant to Article VI have been satisfied, at the Closing the Sellers shall sell, transfer and deliver to the Buyer, and the Buyer shall purchase (the “YI Acquisition”) from the Sellers, the Stock, which constitutes one hundred percent (100%) of the issued and outstanding shares of capital stock of the Corporation, as set forth in Schedule B annexed hereto, free and clear of all liens, mortgages, deeds of trust, security interests, pledges, charges, encumbrances, liabilities and claims of every kind.
1.2. Purchase Price . The purchase price of FOURTEEN MILLION FOUR HUNDRED THOUSAND (14,400,000) restricted shares (the "Purchase Price") of $.001 par value Common Stock of the Buyer (the “Buyer’s Shares”), payable by the Buyer to the Sellers for the Stock, shall be delivered to the Exchange Agent on behalf of the subscribers (“Subscribers”) in the amounts set forth opposite each Subscriber’s name on Schedule A annexed hereto. The Purchase Price shall be equal to forty-eight (48%) percent of the issued and outstanding capital stock of Buyer immediately post closing and post Forward Split.
1.3. Appointment of Exchange Agent . The Subscribers shall designate Khaled Akid to act as Exchange Agent for the Subscribers in connection with the YI Acquisition to receive in trust for the Subscribers, in accordance with the amount of Buyer’s Shares set forth on Schedule A for each Subscriber, to which the Subscribers shall become entitled pursuant to this Agreement. If Khaled Akid becomes unable to serve as Exchange Agent, another Subscriber or other person, as may be designated by a majority of the Subscribers, shall succeed as the Exchange Agent.
1.4. Exchange of Corporation Certificates . In consideration of the Purchase Price, the Exchange Agent shall surrender at the Closing certificates with stock powers endorsed in blank (the “Certificates”) for the Stock of the Corporation. Until surrendered as contemplated by this Section 1.4, each Certificate shall be deemed at any time after the Closing to represent only the right to receive its pro rata portion of the Purchase Price as contemplated by Section 1.2 hereof.
1.5. Options, Warrants and Treasury Stock . All outstanding options, warrants and other convertible securities and any Stock owned and treasury stock of the Corporation, shall be surrendered at the Closing and retired by the Corporation. All securities of the Corporation other than the Stock shall be cancelled without payment of any consideration therefore and shall cease to exist.
1.6. Transfer Books; No Further Ownership Rights in the Stock . At the Closing, the stock transfer books of the Corporation shall be closed, and thereafter there shall be no further registration of transfers of the Stock on the records of the Corporation by the Sellers. From and after the Closing, the holders of Certificates evidencing ownership of the Stock outstanding immediately prior to the Closing shall cease to have any rights with respect to such Stock, except as otherwise provided for herein or by applicable law. If, after the Closing, Certificates are presented to the Exchange Agent for any reason, they shall be cancelled and exchanged as provided in this Section 1.6.
2
--------------------------------------------------------------------------------
1.7. Directors and Officers . At the Closing, the officers of the Corporation immediately prior to the Closing shall be the officers and directors of the Buyer until the expiration of their respective terms and until their successors have been elected and qualified. Frank Magliochetti and/or his designees shall have the right to appoint two members out of six of the Board of Directors of Buyer at the Closing and the Sellers shall have the right to appoint four members, subject to Yatinoo, Inc. accepting such nominations for a period until the later of (i) 12 months following the Closing of the YI Acquisition or (ii) the next annual meeting of shareholders following the YI Acquisition. Pursuant to Section 6.2 below, Buyer shall deliver to the Sellers a certified copy of Board of Directors resolutions electing the aforementioned six (6) member Board of Directors and accepting the resignation of all existing officers and directors of the Buyer.
1.8. Buyer Forward Split . Prior to the Closing, the Board of Directors and a majority of the stockholders of Buyer shall have authorized a 30-for-one forward split of all of Buyer’s outstanding shares of Common Stock and an increase in the number of authorized shares of Common Stock to 500 million shall have been made effective by filing a Certificate of Amendment to the Buyer’s Certificate of Incorporation with the Secretary of State of Delaware.
1.9. Cancellation of Buyer Shares . Michael Stone, the Stone Principal, and/or his designees, shall surrender for cancellation at the Closing certificates with stock powers endorsed in blank for cancellation at the Closing respecting an aggregate of 134,400,000 post-Forward Split shares of a total 135,000,000 restricted shares issued and outstanding of the Buyer for payment to the Stone Principal of $200,000 consideration therefore and such shares shall cease to exist. Payment to the Stone Principal shall be made at the closing by a cash payment of $120,000 and a full recourse promissory note in the amount of $80,000 from Joy Terrace Capital Incorporated (“JTC”) and personally guaranteed by Frank Magliochetti. The forms of Promissory Note and Guaranty Agreement are attached hereto as Exhibits A and B , respectively.
1.10. Spin-Off of Buyer’s Business . At and as of the Closing, Buyer shall transfer all of the assets, liabilities and business that exist immediately before the Closing to either Michael Stone or an entity designated by Michael Stone. This transaction shall be evidenced by an Assumption of Assets and Liabilities Agreement in the form attached hereto as Exhibit C .
1.11. Additional Actions . If at any time after the Closing, the Buyer shall consider or be advised that any deeds, bills of sale, assignments, assurances or any other actions or things are necessary or desirable to vest, perfect or confirm of record or otherwise in the Buyer its right, title or interest in, to or under any of the rights, properties or assets of the Corporation or otherwise carry out this Agreement, the officers and directors of the Buyer shall be authorized to execute and deliver, in the name and on behalf of Corporation or the Buyer, all such deeds, bills of sale, assignments and assurances and to take and do, in the name and on behalf of Corporation or the Buyer, all such other actions and things as may be necessary or desirable to vest, perfect or confirm any and all right, title and interest in, to and under such rights, properties or assets in the Buyer or otherwise to carry out this Agreement.
3
--------------------------------------------------------------------------------
ARTICLE II
Closing
The closing of the sale and purchase of the Stock provided for in Section 1 of this Agreement (the "Closing") shall take place at the offices of Phillips Nizer LLP, 666 Fifth Avenue, New York, New York 10103 at 10:00 a.m. (E.S.T) on or before November 30, 2008 (the "Closing Date") or at such other date, time or location as may be mutually agreed upon in writing by the parties. All proceedings to be taken and all documents to be executed at the Closing, including this Agreement, shall be deemed to have been taken, delivered and executed simultaneously, and no proceeding shall be deemed taken nor documents deemed executed or delivered until all have been taken, delivered and executed.
ARTICLE III
Representations and Warranties of the Sellers
Each of the Sellers hereby severally and not jointly, warrants and represents to the Buyer as follows (as used herein, "Seller’s best knowledge" or "to the best knowledge of the Seller" shall mean information actually known by the Sellers without due inquiry):
3.1. Ownership of Shares . The Sellers are the owners, beneficially and of record, of the Stock, which constitutes one hundred percent (100%) of the issued and outstanding shares of capital stock of the Corporation. The Stock is the sole voting stock of the Corporation and is duly authorized, validly issued, fully paid and non-assessable. The Stock has not been pledged, mortgaged or otherwise encumbered in any way and there is no lien, mortgage, charge, claim, liability, security interest or encumbrance of any nature against the Stock. There are no options, warrants, rights of subscription or conversion, calls, commitments, agreements, arrangements, understandings, plans, contracts, proxies, voting trusts, voting agreements or instruments of any kind or character, oral or written, to which the Sellers or the Corporation is a party, or by which the Sellers or the Corporation is bound, relating to the issuance, voting or sale of the Stock or any authorized but unissued shares of capital stock of the Corporation or of any securities representing the right to purchase or otherwise receive any such shares of capital stock. There are no stockholders agreements, preemptive rights or other agreements, arrangements, groups, commitments or understandings, oral or written, that have not been disclosed to the Buyer, relating to the voting, issuance, acquisition or disposition of shares of the Corporation or the conduct or management of the Corporation by its Board of Directors. The Sellers have, and at the Closing shall have, good and marketable title to the Stock and full right to transfer title to the Stock, subject to any restrictions imposed by state or federal securities laws, free and clear of all liens, mortgages, charges, liabilities, claims, security interests or encumbrances of every type whatsoever. The sale, conveyance, transfer and delivery of the Stock by the Sellers to the Buyer pursuant to this Agreement will transfer full legal and equitable right, title and interest in the Stock to the Buyer, free and clear of all liens, mortgages, charges, claims, liabilities, security interests and encumbrances of any nature whatsoever.
3.2. Capacity, Organization, Standing, Capitalization . The Sellers have full power and authority to enter into and perform under this Agreement and all other agreements and instruments to be entered into in connection with the transactions contemplated hereby, and to consummate such transactions, and, no other consent or joinder of any other persons or corporations is required to consummate such transactions. Except as set forth on Schedule 3.2 of this Agreement, the Corporation has no subsidiaries. This Agreement has been, and each of the other agreements and instruments executed hereunder (the "Other Agreements") will at the Closing, be duly executed and delivered by the Sellers. This Agreement constitutes, and each of the Other Agreements will constitute, the legal, valid and binding obligation of the Sellers enforceable in accordance with its respective terms, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and similar laws affecting creditors' rights generally or by general equitable principles.
4
--------------------------------------------------------------------------------
3.3. Conflicts . Neither the execution and delivery of this Agreement or any of the other agreements to which such Seller is a party, nor the consummation or performance of the YI Acquisition will, directly or indirectly (with or without
(a) contravene, conflict with or result in a violation of any Legal Requirement or any Order to which such Seller, or the Corporation is subject; or
(b) contravene, conflict with or result in a violation of any of the terms or requirements of, or give any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate or modify, any Governmental Authorization that is held by the Corporation;
except for any such contravention, conflict or violation which would not reasonably be expected to make illegal or materially delay or impair the consummation of the YI Acquisition, or
(c) (i) conflict with or result in a violation or breach of (ii) constitute (with or without notice or passage of time) a default under (iii) result in or give any person the right of termination, cancellation, acceleration or modification in or with respect to (iv) result in or give to any person any additional rights under or (v) result in the creation or imposition of an Encumbrance upon the assets of the Corporation under, any Applicable Contract or other arrangement to which the Corporation or any of the Sellers is a party or is bound.
3.4. No Finder’s Fee . The Sellers have not created any obligation for any finder’s, investment banker’s or broker’s fee in connection with the YI Acquisition.
3.5. Purchase Entirely for Own Account . The Buyer’s Shares proposed to be acquired by each Seller hereunder will be acquired for investment for its own account, and not with a view to the resale or distribution of any part thereof, and the Seller has no present intention of selling or otherwise distributing the Buyer’s Shares, except in compliance with applicable securities laws.
3.6. Available Information . The Seller has such knowledge and experience in financial and business matters that it is capable of evaluating the merits and risks of investment in the Buyer.
3.7. Non-Registration . The Seller understands that the Buyer’s Shares have not been registered under the Securities Act of 1933, as amended (the “ Securities Act ”) and if issued in accordance with the provisions of this Agreement, will be issued by reason of a specific exemption from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment intent and the accuracy of the Seller’s representations as expressed herein.
5
--------------------------------------------------------------------------------
3.8. Restricted Securities . The Seller understands that the Buyer’s Shares are characterized as “restricted securities” under the Securities Act inasmuch as this Agreement contemplates that, if acquired by the Seller pursuant hereto, the Buyer’s Shares would be acquired in a transaction not involving any public offering. The Seller further acknowledges that if the Buyer’s Shares was issued to the Seller in accordance with the provisions of this Agreement, such Buyer’s Shares may not be resold without registration under the Securities Act or the existence of an exemption therefrom. In this connection, the Seller represents that it is familiar with Rule 144 promulgated under the Securities Act, as presently in effect, and understands the resale limitations imposed thereby and by the Securities Act.
3.9. Legends . It is understood that the Buyer’s Shares will bear one or all of the following legends:
(a) “THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR UNLESS SOLD PURSUANT TO RULE 144 OF SUCH ACT.”
(b) Any legend required by the “blue sky” laws of any state to the extent such laws are applicable to the securities represented by the certificate so legended.
3.10. Schedule 13D; Section 16(b). If the number of Buyer’s Shares acquired by any Seller, when aggregated with all other shares of Common Stock of Buyer owned by such Seller at such time would result in Seller beneficially owning (as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) and the rules thereunder) in excess of 4.99% of the then issued and outstanding Buyer’s Shares and the Buyer’s Shares are then registered under Section 12(g) of the Exchange Act, such Seller shall comply with the disclosure requirements of Schedule 13D and, if such amount exceeds 9.99%, such Seller shall also comply under the reporting obligations of Sections 16(a) and 16(b) of the Exchange Act and the rules promulgated thereunder.
ARTICLE IV
Representations and Warranties of the Corporation
The Corporation and it Subsidiaries (collectively, the "Corporation") represent, covenant and warrant to Buyer, jointly and severally, as follows:
6
--------------------------------------------------------------------------------
4.1. Corporate Organization; Etc . The Corporation and each of its Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has full corporate power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to engage it to own, lease or otherwise hold its properties and assets and to conduct its businesses as presently conducted, other than such franchises, licenses, permits, authorizations and approvals the lack of which, individually or in the aggregate, has not had and would not reasonably be expected to have a material adverse effect on the Corporation, a material adverse effect on the ability of the Corporation to perform its obligations under this Agreement or on the ability of the Corporation to consummate the YI Acquisition (a " Corporation Material Adverse Effect "). The Corporation and each of its Subsidiaries is duly qualified or licensed to do business as a foreign corporation in good standing in the jurisdictions where the nature of its business or its ownership or leasing of its properties make such qualification necessary except where the failure to so qualify would not reasonably be expected to have a Corporation Material Adverse Effect. The copies of the Organizational Documents and all amendments thereto of the Corporation and its Subsidiaries heretofore delivered to Buyer are complete and correct copies of such instruments as presently in effect.
4.2. Capitalization of Companies . Sellers own in the aggregate all of the issued and outstanding other equity interest of each of the Corporation and the Corporation owns all of the issued and outstanding equity interests of its Subsidiaries, in each case free and clear of all Encumbrances, other than Encumbrances which will be extinguished on or prior to the Closing Date.
4.3. Authority; Execution and Delivery; Enforceability . The Corporation has all requisite corporate power and authority to execute and deliver this Agreement and to consummate the YI Acquisition. The execution and delivery by the Corporation of this Agreement and the consummation" by the Corporation of the YI Acquisition have been duly authorized and approved by the Board of Directors of the Corporation and no other corporate proceedings on the part of the Corporation are necessary to authorize this Agreement and the YI Acquisition. When executed and delivered, this Agreement will be enforceable against the Corporation in accordance with its terms.
4.4. No Conflict . Neither the execution and delivery of this Agreement or any of the Documents nor the consummation or performance of the YI Acquisition will, directly or indirectly (with or without notice or lapse of time):
(a) contravene, conflict with or result in a violation of, or give any Person the right to exercise any remedy or obtain any relief under, any Legal Requirement or any Order to which the Corporation or any of its Subsidiaries is subject;
(b) contravene, conflict with or result in a violation of any of requirements of, or give any Governmental Body the right to revoke, withdraw, suspend, cancel, terminate or modify, any Governmental Authorization that is held by any of the Corporation or its Subsidiaries;
(c) except as set forth in Section 4.4(c) of Corporation’s Disclosure Schedule, and except as required filings with the Securities and Exchange Commission (the " SEC ") and applicable "Blue Sky" or state securities commissions, no material consent, approval, license, permit, order or authorization (" Consent ") of, or registration, declaration or filing with, or permit from, any Governmental Body is required to be obtained or made by or with respect to the Corporation in connection with the execution, delivery and performance of this Agreement or the consummation of the YI Acquisition.
7
--------------------------------------------------------------------------------
(d) result in the imposition or creation of any Encumbrance upon or with respect to any of the Assets, except Permitted Encumbrances;
4.5. Financial Statements . The Corporation has heretofore delivered to Buyer and attached hereto as Section 4.5 of Corporation’s Disclosure Schedule and the accompanying financial statements of YATINOO INTERNATIONAL, S.A. and its group, which comprise the consolidated balance sheet as of the 30th of June 2008 (the " Balance Sheet Date ") and the consolidated income statement, consolidated statement of changes in equity and consolidated cash flow statement for the six months ended June 30, 2008 and the year ended December 31, 2007, and a summary of significant accounting policies and other explanatory notes and those corresponding to the financial year end as of December 31, 2007 (all such financial statements, collectively, the " Consolidated Financial Statements").The Sellers have also delivered to Buyer and attached hereto as Section 4.5 of Corporation’s Disclosure Schedule, the unaudited consolidated balance sheet as of June 30, 2007 and the consolidated income statement and statement of charges in consolidated cash flow for the six months ended June 30, 2007. Except as detailed in the report of Albor Auditors S.L. dated September 5, 2008, the Consolidated Financial Statements give a true and fair view, in all significant aspects, of the consolidated balance sheet position of the company YATINOO INTERNATIONAL and its group, as at 30th of June 2008 and its consolidated results, the changes in equity and cash flows resulting from the financial year ended as of that date, and they contain sufficient and appropriate information for its adequate interpretation and comprehension according to international standards of financial reporting adopted by the European Union (IFRS). The Consolidated Financial Statements attached hereto in Section 4.5 of Corporation’s Disclosure Schedule have been reconciled to U.S. GAAP.
4.6. No Unknown Liabilities, Etc . As of the Balance Sheet Date, the Corporation had no liability or obligation of any nature (absolute, accrued, contingent or otherwise) not otherwise disclosed herein which is not fully reflected or reserved against in the Balance Sheet, which, in accordance with IFRS, should have been shown or reflected in the Balance Sheet. There has been no material change in the assets (other than cash) or liabilities (other than tax liabilities calculated in accordance with IFRS) of the Corporation since June 30, 2008.
4.7. Title to Properties; Encumbrances . Except as set forth in Section 4.7(a) of Corporation’s Disclosure Schedule, each of the Corporation and its Subsidiaries has good title to, or in the case of assets held pursuant to a lease or a license, valid and binding leasehold interests or licenses in, the Assets (whether real, personal and mixed, tangible and intangible) which it purports to own including, without limitation, all the properties and assets reflected in the Balance Sheet (except for accounts receivable collected, and properties and assets sold, since the date of the Balance Sheet in the Ordinary Course of Business). Except as set forth in Section 4.7(b) of Corporation’s Disclosure Schedules all such owned Assets are free and clear of all Encumbrances other than Permitted Encumbrances. The Assets presently owned, leased or licensed by the Corporation and its Subsidiaries and described elsewhere in this Agreement include all rights, properties and other assets necessary to permit the Corporation and its Subsidiaries to conduct the Business in all material respects in the same manner as conducted by the Corporation and its Subsidiaries prior to the date hereof.
8
--------------------------------------------------------------------------------
4.8. Property, Plant and Equipment . Except as set forth in Section 4.8 of the Corporation’s Disclosure Schedule, the property, plant and equipment of the Corporation and its Subsidiaries are in good operating condition and repair (normal wear and tear excepted) and are reasonably adequate for the uses to which they are being put, and none of such equipment is in need of material maintenance or repairs except for ordinary, routine maintenance and repairs.
4.9. Legal Proceedings .
(a) Except as set forth in Schedule 4.9 of the Corporation’s Disclosure Schedule, neither the Sellers in their capacity as stockholders and/or as officers or directors of the Corporation, nor the Corporation is a party to any pending litigation, arbitration or administrative proceeding or, to the best of Sellers' knowledge, to any investigation, and no such litigation, arbitration or administrative proceeding. or investigation that might result in any material adverse change in the financial condition, business or properties of the Corporation or of the Sellers is threatened.
(b) Except as disclosed in Schedule 4.9 of the Corporation’s Disclosure Schedule, the Sellers and the Corporation have no knowledge of and have not received notice of any complaints, claims or threats, plans or intentions to discontinue commercial relations or transactions from any customer of the Corporation, any purchaser of goods or services from the Corporation, any employee or independent contractor significant to the conduct or operation of the Corporation or its businesses or any party to any agreement to which the Corporation is a party.
(c) Except as disclosed in Schedule 4.9 of the Corporation’s Disclosure Schedule, there is no claim (whether based on statute, negligence, breach of warranty, strict liability or any other theory) relating directly or indirectly to any product manufactured or sold, or any services performed by the Corporation.
(d) Except as disclosed in Schedule 4.9 of the Corporation’s Disclosure Schedule, the Corporation is under no obligation with respect to the return of goods in the possession of customers.
4.10. Encumbrances . Except as disclosed in Schedule 4.10 of the Corporation’s Disclosure Schedule, there are no liens, mortgages. deeds of trust, claims, charges, security interests or other encumbrances or liabilities of any type whatsoever to which any of the assets of the Corporation.
9
--------------------------------------------------------------------------------
4.11. Proprietary Rights .
(a) The Corporation owns all right, title and interest in and to, or otherwise possesses legally enforceable rights, or is licensed to use, all patents, copyrights, technology, software, software tools, know-how, processes, trade secrets, trademarks, service marks, trade names, Internet domain names and other proprietary rights used in or necessary for the conduct of the Corporation’s business as conducted to the date of this Agreement, including, without limitation, the technology, information, databases, data lists, data compilations, and all proprietary rights developed or discovered or used in connection with or contained in all versions and implementations of the Corporation's World Wide Web sites or any product which has been or is being distributed or sold by the Corporation or currently is under development by the Corporation or has previously been under development by the Corporation (collectively, including such Web site, the "Yatinoo Products"), free and clear of all liens, claims and encumbrances (including without limitation linking, licensing and distribution rights) (all of which are referred to as "Yatinoo Proprietary Rights"). In addition, the Corporation is not aware of any legal restrictions or impediments that would prevent the Corporation from conducting its business as proposed to conducted in the Corporation’s Business Plan dated July 2008. Section 4.11(a) of the Corporation’s Disclosure Schedule contains an accurate and complete (i) description of all patents, trademarks (with separate listings of registered and unregistered trademarks), trade names, Internet domain names and registered copyrights in or related to the Yatinoo Products or otherwise included in the Yatinoo Proprietary Rights and all applications and registration statements therefor, including the jurisdictions in which each such Yatinoo Proprietary Right has been issued or registered or in which any such application of such issuance and registration has been filed, (ii) list of all licenses and other agreements with third parties (the "Third Party Licenses") relating to any material patents, copyrights, trade secrets, software, inventions, technology, know-how, processes or other proprietary rights that the Corporation is licensed or otherwise authorized by such third parties to use, market, distribute or incorporate in Yatinoo Products (such patents, copyrights, trade secrets, software, inventions, technology, know-how, processes or other proprietary rights are collectively referred to as the "Third Party Technology") and (iii) list of all licenses and other agreements with third parties relating to any material information, compilations, data lists or databases that the Corporation is licensed or otherwise authorized by such third parties to use, market, disseminate, distribute or incorporate in Yatinoo Products. All of the Corporation's patents, copyrights, trademark, trade name or Internet domain name registrations related to or in the Yatinoo Products are valid and in full force and effect; and consummation of the transactions contemplated by this Agreement will not alter or impair any such rights. No claims have been asserted or threatened against the Corporation (and the Corporation is not aware of any claims which are likely to be asserted or threatened against the Corporation or which have been asserted or threatened against others relating to Yatinoo Proprietary Rights or Yatinoo Products) by any person challenging the Corporation's use, possession, manufacture, sale or distribution of Yatinoo Products under any Yatinoo Proprietary Rights (including, without limitation, the Third Party Technology) or challenging or questioning the validity or effectiveness of any material license or agreement relating thereto (including, without limitation, the Third Party Licenses) or alleging a violation of any person's or entity's privacy, personal or confidentiality rights. There is no valid basis for any claim of the type specified in the immediately preceding sentence which could in any material way relate to or interfere with the continued enhancement and exploitation by the Corporation of any of the Yatinoo Products. None of the Yatinoo Products nor the use or exploitation of any Yatinoo Proprietary Rights in its current business infringes on the rights of or constitutes misappropriation of any proprietary information or intangible property right of any third person or entity, including without limitation any patent, trade secret, copyright, trademark or trade name and the Corporation has not been sued in any suit, action or proceeding which involves a claim of such infringement, misappropriation or unfair competition.
10
--------------------------------------------------------------------------------
(b) Except as set forth in Section 4.11(b) of the Corporation’s Disclosure Schedule, the Corporation has not granted any third party any right to manufacture, reproduce, distribute, market or exploit any of the Yatinoo Products or any adaptations, translations, or derivative works based on the Yatinoo Products or any portion thereof. The Corporation has not knowingly granted any third party any right to allow users of the Corporation's World Wide Web site to link to other World Wide Web or Internet sites. Except with respect to the rights of third parties to the Third Party Technology, no third party has any express right to manufacture, reproduce, distribute, market or exploit any works or materials of which any of the Yatinoo Products are a "derivative work" as that term is defined in the United States Copyright Act, Title 17, U.S.C. Section 101.
(c) All material designs, drawings, specifications, source code, object code, scripts, documentation, flow charts, diagrams, data lists, databases, compilations and information incorporating, embodying or reflecting any of the Yatinoo Products at any stage of their development (the "Yatinoo Components") were written, developed and created solely and exclusively by employees of the Corporation without the assistance of any third party or entity or were created by third parties who assigned ownership of their rights to the Corporation by means of valid and enforceable consultant confidentiality and invention assignment agreements, copies of which have been delivered to Buyer. The Corporation has at all times used commercially reasonable efforts customary in its industry to treat the Yatinoo Proprietary Rights related to Yatinoo Products and Yatinoo Components as containing trade secrets and has not disclosed or otherwise dealt with such items in such a manner as intended or reasonably likely to cause the loss of such trade secrets by release into the public domain.
(d) To the Corporation's knowledge, no employee, contractor or consultant of the Corporation is in violation in any material respect of any term of any written employment contract, patent disclosure agreement or any other written contract or agreement relating to the relationship of any such employee, consultant or contractor with the Corporation or, to the Corporation's knowledge, any other party because of the nature of the business conducted by the Corporation.
(e) Each person presently or previously employed by the Corporation (including independent contractors, if any) with access authorized by the Corporation to confidential information has executed a confidentiality and non-disclosure agreement pursuant to the form of agreement previously provided to Buyer or its representatives. Such confidentiality and non-disclosure agreements constitute valid and binding obligations of the Corporation and such person, enforceable in accordance with their respective terms.
(f) No product liability or warranty claims have been communicated in writing to or threatened against the Corporation.
(g) To the Corporation's knowledge, there is no material unauthorized use, disclosure, infringement or misappropriation of any Yatinoo Proprietary Rights, or any Third Party Technology to the extent licensed by or through the Corporation, by any third party, including any employee or former employee of the Corporation. The Corporation has not entered into any agreement to indemnify any other person against any charge of infringement of any Yatinoo Proprietary Rights, other than indemnification provisions contained in purchase orders arising in the ordinary course of business.
11
--------------------------------------------------------------------------------
(h) The Corporation has taken all steps customary and reasonable in the industry to protect and preserve the confidentiality and proprietary nature of all Intellectual Property and other confidential information not otherwise protected by patents, patent applications or copyright ("Confidential Information"). All use, disclosure or appropriation of Confidential Information owned by the Corporation by or to a third party has been pursuant to the terms of a written agreement between the Corporation and such third party. All use, disclosure or appropriation of Confidential Information not owned by the Corporation has been pursuant to the terms of a written agreement between the Corporation and the owner of such Confidential Information, or is otherwise lawful.
4.12. Contracts . Except as disclosed in Section 4.12 of Corporation’s Disclosure Schedule, there are no Contracts that are material to the business, properties, assets, condition (financial or otherwise), results of operations or prospects of the Corporation and its Subsidiaries taken as a whole. Neither the Corporation nor any Subsidiary is in violation of or in default under (nor does there exist any condition which upon the passage of time or the giving of notice would cause such violation of or default under) any Contract to which it is a party or by which it or any of its properties or assets is bound, except for violations or defaults that would not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.
4.13. Business Plan . The information set forth in the Business Plan of the Corporation dated July 2008 with respect to the operations of the Corporation and its Subsidiaries is true and complete in all material respects and accurately reflects such operations for the periods indicated herein.
4.14. Taxes .
(a) Except as set forth in Section 4.14 of the Corporation’s Disclosure Schedule, each of the Corporation and each Subsidiary has timely filed, or has caused to be timely filed on its behalf, all Tax Returns required to be filed by it, and all such Tax Returns are true, complete and accurate, except to the extent any failure to file or any inaccuracies in any filed Tax Returns, individually or in the aggregate, have not had and would not reasonably be expected to have a Corporation Material Adverse Effect. All Taxes shown to be due on such Tax Returns, or otherwise owned, have been timely paid, except to the extent that any failure to pay, individually or in the aggregate, has not had and would not reasonably be expected to have a Material Adverse Effect.
(b) The Financial Statements (as defined in Section 4.5) reflect an adequate reserve for all Taxes payable by the Corporation and the Subsidiaries (in addition to any reserve for deferred Taxes to reflect timing differences between book and Tax items) for all Taxable periods and portions thereof through the date of such financial statements. No deficiency with respect to any Taxes has been proposed, asserted or assessed against the Corporation or any Subsidiary, and no requirements for waivers of the time to assess any such Taxes are pending, except to the extent any such deficiency or request for waiver, individually or in the aggregate, has not had any would not reasonably be expected to have a Corporation Material Adverse Effect.
12
--------------------------------------------------------------------------------
4.15. Compliance with Applicable Laws . The Corporation and its Subsidiaries are in compliance with all applicable Laws, including those relating to occupational health and safety and the environment, except for instances of noncompliance that, individually and in the aggregate, have not had and would not reasonably be expected to have a Corporation Material Adverse Effect. Except as set forth in Section 4.15 of the Corporation’s Disclosure Schedule, the Corporation has not received any written communication during the past two years from a Governmental Entity that alleges that the Corporation is not in compliance with any material respect with any applicable Law.
4.16. Default; Violations or Restrictions . The execution, delivery and performance of this Agreement and of any agreement to be executed and delivered by the Corporation in connection with the transactions contemplated hereby and the consummation of any of the transactions contemplated hereby or thereby will not (or with the giving of notice or the lapse of time or both would) result in the breach of any term or provision of the Articles of Incorporation or by-laws of the Corporation or violate any provision of or result in the breach of, modification of, acceleration of the maturity of obligations under, or constitute a default, or give rise to any right of termination, cancellation, acceleration or otherwise be in conflict with or result in a loss of contractual benefits to the Corporation, under any law, order, writ, injunction, decree, statute, rule or regulation of any court, governmental agency or arbitration tribunal or any of the terms, conditions or provisions of any contract, lease, note, bond, mortgage, deed of trust, indenture, license, securities agreement, agreement or other instrument or obligation by which the Corporation or the Sellers is a party or by which either of them may be bound, or require any consent, approval or notice under any law, rule or decree or any such document or instrument; or result in the creation or imposition of any lien, claim, restriction, charge or encumbrance upon the Corporation’s assets or interfere with or otherwise adversely affect the ability to carry on the business of the Corporation after the Closing Date on substantially the same basis as it is not conducted by the Corporation.
4.17. Books and Records . The books and records of the Corporation are, in all material respects, complete and correct and have been maintained in accordance with good business practice. True and complete copies of the Articles of Incorporation and By-laws of the Corporation and all amendments thereto and true and complete copies of the Articles of Incorporation and By-laws of the Corporation and all amendments thereto and true and complete copies of all minutes, resolutions, stock certificates and stock transfer records of the Corporation are contained in the minute books and stock transfer books that have been delivered to the Buyer for inspection and will be delivered to the Buyer at the Closing. The minute books, stock certificate books, stock transfer records and such other books and records as may be requested by the Buyer, as exhibited to the Buyer, and its representatives, are complete and correct in all material respects.
4.18. Relationships with Vendors and Customers . The Corporation and the Sellers have no knowledge of any present or future conditions or state of facts or circumstances which would materially adversely affect the Corporation after the Closing Date. The Corporation’s relationships with its customers, client and vendors are satisfactory, and the Corporation and the Sellers have no knowledge of any facts or circumstances which might materially alter, negate, impair or in any way materially adversely affect the continuity of any such relationships. The Corporation and the Sellers have no knowledge of any material outstanding claims of any of its customers or clients presently outstanding, pending or threatened against the Corporation. The Corporation and the Sellers have no knowledge of any present or future conditions or state of facts or circumstances which would prevent the business of the Corporation from being carried on by the Buyer after the Closing Date in essentially the same manner as it is presently being carried on.
13
--------------------------------------------------------------------------------
4.19. Insurance . The Corporation and its Subsidiaries are insured by insurers of recognized financial responsibility against such losses and risks and in such amounts as are prudent and customary in the businesses in which the Corporation and its Subsidiaries are engaged and in the geographic areas where they engage in such businesses. The Corporation has no reason to believe that it will not be able to renew its and its subsidiaries’ existing insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to continue its business on terms consistent with market for the Corporation and such Subsidiaries’ respective lines of business.
4.20. Internal Accounting Controls . The Corporation and its Subsidiaries maintain a system of internal accounting controls sufficient to provide reasonable assurance that (i) transactions are executed in accordance with management’s general or specific authorizations, (ii) transactions are recorded as necessary to permit preparation of financial statements in conformity with generally accepted accounting principles and to maintain asset accountability, (iii) access to assets is permitted only in accordance with management’s general or specific authorization, and (iv) the recorded accountability for assets is compared with the existing assets at reasonable intervals and appropriate action is taken with respect to any differences. The Corporation has established disclosure controls and procedures for the Corporation and designed such disclosure controls and procedures to ensure that material information relating to the Corporation, including its subsidiaries, is make known to the officers by others within those entities. The Corporation’s officers have evaluated the effectiveness of the Company’s controls and procedures. Since December 31, 2007, there have been no significant changes in the Corporation’s internal controls or, to the Corporation’s knowledge, in other factors that could significantly affect the Corporation’s internal controls.
4.21. No Additional Agreements . The Corporation does not have any agreement or understanding with any Seller with respect to the transactions contemplated by this Agreement other than as specified in this Agreement.
4.22. Disclosure . The Corporation confirms that neither it nor any person acting on its behalf has provided any Seller or its respective agents or counsel with any information that the Corporation believes constitutes material, non-public information except insofar as the existence and terms of the proposed YI Acquisition hereunder may constitute such information and except for information that will be disclosed by the Buyer under a current report on Super Form 8-K. The Corporation understands and confirms that the Sellers will rely on the foregoing representations and covenants in effecting transactions in securities of the Corporation. All disclosure provided to the Sellers regarding the Corporation, its business and the transactions contemplated hereby, furnished by or on behalf of the Corporation (incl................
http://agreements.realdealdocs.com/Purchase-and-Sale-Agreement/STOCK-PURCHASE-AGREEMENT-2185239/
Followers
|
1
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
131
|
Created
|
12/11/08
|
Type
|
Free
|
Moderators |
Yatinoo International, Inc. (OTC BB: YTNO) established in 2007 with headquarters in Malaga,Spain and Boston, Massachusetts. Yatinoo is a trilingual (English, French and Arabic) Internet based portal (www.Yatinoo.com) community and search engine offering various services, tools and content to an international audience. The Company is seeking to build its global user base by developing Internet products focused on the geographic regions of the Middle East, and North Africa and Asia. Yatinoo currently offers regional properties for Tunisia, Morocco, Egypt,Lebanon, United Arab Emirates, Saudi Arabia and Senegal.
MISSION
The Company is aspiring to establish itself as the leading web portal in the Arabic , African and
Asian regions by utilizing proprietary technology and original, specialized content geared
towards the relatively untapped Arabic, African and Asian populations. As the Company’s
strategy develops, Yatinoo expects to progress into a leading Specialized Media Company for
this niche market, offering unique services and original content such as Web Portals, Radio &
TV, Music & Video, Press, Web Magazines, and e-Books.
BUSINESS STRATEGY
• The Company expects to build upon its global user base by developing Internet products
focused on the geographic regions of the Middle East, North Africa and Asia with an
estimated 671 million potential users1.
• Yatinoo intends to extend its brand position and audience by continuing to collect and
develop web content aimed at targeted groups of Internet users with specific subject areas,
demographic and geographic characteristics.
• The Company develops and maintains web portals, which include listings from the main
Yatinoo service that are selected and organized on the basis of regional focus, as well as
aggregated local content. The Company believes that these local properties provide local
advertisers with a cost-effective means of targeting their online audience, as well as
allowing national advertisers to target key geographic markets.
• The business model will build tangibly on: traffic capture, information exchange with
visitors to enhance traffic value and routing of upgraded traffic toward advertiser’s websites
or other commercial sites.
• The Company is currently targeting several strategic acquisitions that are expected to
enhance its growth potential going forward.
Visit our web site at
www.yatinoo.com
US Headquarters
510 Turnpike Street, Suite 103
North Andover, MA 01845 Source: www.internetworldstats.com
MARKET OPPORTUNITY/TARGETS
• Internet users worldwide exceed 1.4 billion
• Target market includes approx. 671 million Internet users (Africa, Middle East, Asia)
• Current Internet penetration in Africa, 5.3%; in the Middle East, 21.3%; this
compares with 21.9% penetration worldwide
STRONG MANAGEMENT TEAM
Khaled Akid, Founder and CEO—Over 15 years executive experience in sales and management
at leading technology companies throughout Europe, including SYSCOM, ATS GmbH, CATEL AG
and GNT GmbH where he was instrumental in achieving record annual growth for enterprises
with sales of 10 million growing to 57 million Euros. Mr. Akid also spent 7 years with the U.S.
Department of Defense and its U.S. Contracting Command in Europe, where he managed
procurement of $30 million USD in Augsburg.
Antonio J. Galvez, CFO – Over 22 years of financial accounting experience, primarily in the
service industry, including 12 years at Club La Costa Group with over 2,000 employees and 5
different business units. Mr. Galvez has extensive experience in due diligence, internal audits,
forecasting and budgeting, tax and accounting as well as controls and bank financing.
Youness Douiri, Founder and COO – Extensive experience in business administration and
finance. He is responsible for business management and development worldwide. Mr. Douiri
spent 9 years at Société General where he held various positions including agency manager.
Ticker Symbol (YTNO: OTC: BB)
Listing Date: December 2, 2008
Share Price: $4.30
Shares Outstanding 30,000,000 (of which
15,000,000 are restricted)
Insider Ownership 32.1%
Market Capitalization $129,000,000
For Further Information
AT THE COMPANY
Holly A. Ruma
Vice President of IR/PR and M&A
978-208-4426
H.Ruma@yatinoo-inc.com
www.yatinoo-inc.com
Safe Harbor Statement: This document contains forward-looking statements. These statements relate to future events or our future financial performance and involve known
and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different
from any future results, levels of activity, performance or achievements expressed, implied or inferred by these forward-looking statements. For further discussion of the factors
that could affect these outcomes, please refer to the Company’s filings with the Securities and Exchange Commission. Except as otherwise required by the federal securities laws,
the Company undertakes no obligation to update the information in this document.
Please Visit the following link for a Yatinoo, Inc. Investor Presentation.
http://www.filesend.net/download.php?f=f9fd6fa0b1634089aacf56c829d16bf6
YATINOO, INC. TO BEGIN TRADING IN U.S. MARKET PLACE
Malaga, Spain and Boston, MA, -- December 1, 2008 -- Yatinoo, Inc. (OTCBB: YTNO)
announced today that following NASD approval of the Company’s application to trade on the
Bulletin Board, its shares will begin trading at the market open on December 2, 2008. The
trading symbol is YTNO.
Mr. Khaled Akid, Yatinoo’s Chief Executive Officer, commented, “This is an important milestone
for our company. Our entrance into the public market place is an indication of the progress that
we have made in a short period of time. We believe that our new status as a publicly traded
company will provide tremendous opportunities for us to continue to grow our Company to the
benefit of our stakeholders.”
Yatinoo.com is a trilingual (English, French, Arabic) innovative Internet based web 2 portal,
online community, and proprietary search engine offering a suite of cutting edge Internet based
services, tools and content to a global audience. Yatinoo delivers industry-leading Internet
based portal technology to the emerging, high-growth Arabic, African and Asian markets.
Yatinoo's greatest market advantage and unique selling proposition is its focus on the Arabic,
African and Asian emerging markets (currently over 671 million users) as well as members of
the Arabic, African and Asian Internet communities currently residing abroad (e.g.,
approximately 17% of the 300 million U.S. population have a direct African, Asian or Arabic
background which represents an additional target market of over 50 million users in the U.S.). In
comparison to larger competitors, Yatinoo offers tailor-made and highly targeted services, which
fit its users' needs and are customizable to suit their unique and personal "look and feel"
requirements.
Yatinoo was developed and made available in the Middle East and North Africa region through
the introduction of its media properties including Yatinoo.com, which was officially launched in
October 2007.
In just the past 5 months, Yatinoo.com’s traffic has increased dramatically by 79.23% and
continues to grow significantly by the day. Based on this initial positive international response,
the Company anticipates that there will be substantial interest in the United States for its
products and services and therefore, has recently established a U.S. headquarters in Boston,
Massachusetts.
In addition to its innovative search engine, email, weather and news,Yatinoo.com also offers
videos and mp3 streamings, ecards and forums and specialized websites focusing on games,
sports, and personalities in the African and Arabic world.
About Yatinoo
Yatinoo.com is a trilingual (English, French, Arabic) innovative Internet based web 2 portal,
online community, and proprietary search engine offering a suite of cutting edge Internet based
services, tools and content to a global audience. Yatinoo delivers industry-leading Internet
based portal technology to the emerging, high-growth Arabic, African and Asian markets.
Yatinoo's greatest market advantage and unique selling proposition is its focus on the Arabic,
African and Asian emerging markets (currently over 671 million users) as well as members of
the Arabic, African and Asian Internet communities currently residing abroad (e.g.,
approximately 17% of the 300 million U.S. population have a direct African, Asian or Arabic
background which represents an additional target market of over 50 million users in the U.S.). In
comparison to larger competitors, Yatinoo offers tailor-made and highly targeted services, which
fit its users' needs and are customizable to suit their unique and personal "look and feel"
requirements.
Yatinoo International S.A., based in Malaga, Spain is a wholly-owned subsidiary of Yatinoo, Inc.,
a Delaware corporation (formerly known as Stone Consulting Services, Inc.) which acquired the
Spanish company on November 13, 2008, pursuant to a Stock Purchase Agreement filed with
the Securities and Exchange Commission on November 12, 2008 by Stone Consulting Services
Inc.
Yatinoo is a trademark of Yatinoo International SA. All other company and product names may be
trademarks of the respective companies with which they are associated
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |