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GTLS - .065 x .068
GTLS .065 x .067
GTLS - .065
GTLS - .06
GTLS - GTS Dismisses Bankruptcy Move as "Negotiating Tactic"
Oct 15, 2001 (ComputerWire via COMTEX) -- A move by three debenture holders to
present a court petition seeking to have Global TeleSystems Inc (GTS) declared
bankrupt has been dismissed as a "negotiating tactic" by company chairman Robert
Amman.
GTS, which is attempting to negotiate with holders of almost $1.5bn worth of its
bonds to swap their debt for company assets, said the bondholders had agreed to
immediately withdraw the petition on "certain conditions" and talks are underway
to secure a deal.
Amman said the bondholders were simply trying to improve their bargaining
leverage in the talks on restructuring the company. Under US Bankruptcy rules,
GTS has 20 days to respond to the bondholders' petition to the court, and GTS
said the action does not affect the day-to-day operations of the business in any
way. It said it hopes to complete the negotiations on restructuring "very soon."
GTS also said it hopes to avoid Chapter 11 filings and fire sales of assets that
have afflicted peers such as Viatel Inc and PSINet Inc by entering into early
talks with bondholders. The Arlington, Virginia-based company, which operates in
Europe, aims is to cut interest payments of 158m euros ($133.5m) a year through
a major recapitalization.
In March, the company announced a deal to exchange its obligation to repay $500m
of debt in return for noteholders receiving a 90% stake in a company that will
own Esprit Telecom and other GTS units providing voice services in Europe (NBD
05/29/01).
Its major remaining asset is asset is its 22,000km Ebone fiber-optic network
that connects most of Europe's major cities and carries about a quarter of
Europe's internet traffic.
IAMR ut .0175 x .019 now! WHAAAAAAAAAAAAAAAAAAAT!!!!!
IAMR level2 .017(4) x .018(2)
IAMR - drillers working on property!!!
IAMR - WHAAAAAAAAAAAAAAAAAAAAAAAAAAAT!
IAMR - .017 x .018 now!
IAMR - .016 x .18 now!!
IAMR .0155 x .018 ut again!!!
IAMR ut - .015 x .018
IAMR looking good at .014 x .018 now!
MTNT - nice!!
Newagecities.com, Inc. Changes Stock Symbol to GTEC and Name to Genesis
Technology Group, Inc.
Business Editors/Technology Writers
WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 15, 2001--
Newagecities.com, Inc. (OTCBB:NACT) announced today that is has begun
doing business under the new company name Genesis Technology Group,
Inc. and trading under the new stock symbol GTEC (OTCBB:GTEC). The
name change was the effect of the merger of Newagecities.com, Inc into
its wholly owned Florida subsidiary Genesis Technology group, approved
by a majority of the Company's shareholders on October 12.
Dr. James Wang, CEO and President said: "We believe this change is
a milestone in the company history. The new name and symbol better
reflect our new business model and the fact that we are moving beyond
the challenges of the company's past. Our new business model's success
will be clearly evident in the forthcoming results of our third
quarter operations and upcoming major developments."
About Genesis Technology Group, Inc.
The mission of Genesis Technology Group, Inc. is to accelerate the
success of technology companies by acquisition and development. The
Company develops, invests in, and operates high technology related
companies in the US, China, Taiwan, Hong Kong and Singapore. The
Company strategy includes the internal development and operation of
subsidiaries within the Company corporate family, as well as
investment in other technology companies directly, and through other
venture capital arrangements. The Company strategy also envisions and
promotes opportunities for synergistic business relationships among
all of the companies within its family. For more information, please
visit http://www.genesis-systems.net.
This announcement contains forward-looking statements that involve
risks and uncertainties, including those relating to the company's
ability to grow its business. Actual results may differ materially
from the results predicted and reported results should not be
considered as an indication of future performance. The potential risks
and uncertainties include, among others, the company's limited
operating history, the limited financial resources, domestic or global
economic conditions, activities of competitors and the presence of new
or additional competition, and changes in Federal or State laws and
conditions of equity markets. More information about the potential
factors that could affect the company's business and financial results
is included in the company's filings, available via the Securities &
Exchange Commission.
--30--bl/mi*
CONTACT: Genesis Technology Group, Inc., West Palm Beach
Dr. Ken Shenkman, 561/835-6600
Fax: 561/835-6611
ken@genesis-systems.net
KEYWORD: FLORIDA INTERNATIONAL ASIA PACIFIC
INDUSTRY KEYWORD: INTERNET SOFTWARE HARDWARE
COMPUTERS/ELECTRONICS MERGERS/ACQ
SOURCE: Genesis Technology Group, Inc.
The Lists, final - http://www.goldenlists.com
Symbol Last Net Chg. % Change Company Name Tot. Vol.
BKTV .01200 +71.43 +.00500 BUCKTV COM INC 891200
PCES .10000 +25.00 +.02000 PACE HEALTH MGMT SYS INC 20000
SATC 4.7000 +16.34 +.6600 SATCON TECHNOLOGY CORP 82400
ACAM 28.1000 +8.91 +2.3000 ACAMBIS PLC SPONSORE 188100
MTNO .0130 +8.33 +.0010 MTN HOLDINGS INC COM NEW 128500
DOCU .07000 +7.69 +.00500 DOCUCON INC COM NEW 42200
UTHR 16.3600 +5.55 +.8600 UNITED THERAPEUTICS CORP DEL 519900
BCON 1.1900 +5.31 +.0600 BEACON POWER CORP 145300
GE 39.00 +.13 +.05 GENERAL ELEC CO 21410900
MSFT 56.3800 +.11 +.0600 MICROSOFT CORP 30653600
MIGR .38000 +.00000 MIGRATEC INC 105600
BHUS .0400 +.0000 BACH HAUSER INC COM NEW 244500
UMHD .01000 +.00000 UNIVERSAL MEDIA HLDGS INC
CPRD 3.0000 +.0000 CARING PRODS INTL INC COM PAR
GDSS .0900 +.0000 GOLDSTATE CORP COM NEW
HVST .00600 +.00000 HARVEST CAP CORP 60000
LRSY .02400 +.00000 LASER RECORDING SYS INC
NIFI .01000 +.00000 NOVA INTL FILMS INC
PMGIF .0300 +.0000 PRINCETON MEDIA GROUP INC 15000
RINT .05000 +.00000 REALITY INTERACTIVE INC
MICG .04000 +.00000 MICROFIELD GRAPHICS INC
BLDP 24.6000 -.08 -.0200 BALLARD PWR SYS INC 724400
GBTVK 1.1200 -.88 -.0100 GRANITE BROADCASTING CORP 48700
XYBR 2.0300 -2.40 -.0500 XYBERNAUT CORP 267200
BIOF 1.00000 -2.91 -.03000 BIOFARM INC 14700
TSPN .024 x .027!! WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT!!!!!!!
TSPN .02 x.022 now!
BKTV - .01 x.012, should see it run once the web site is launched!!
NACT, been calling it since .065! http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=16249577
NACT - GTEC, on Monday , 13:31 10/15/2001 NACT** newagecities.com Inc GTEC Genesis Technology Inc
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=NACT&OTCBB=True
TSPN hits .02!!
TSPN, started in TGL LIVE at .0065 http://www.tgllive.com
CRYQ now .145 x .16, hit .17!! WHAAAAAAAAAAAAAAT!
CRYQ - http://www.investorshub.com/boards/read_msg.asp?message_id=195328
Posted by: SSP
In reply to: None Date: 10/10/2001 10:21:13 AM
Post # of 1142
CRYQ .08 x .09 up 55%
CRYQ now .14 x .16!!
COTF, a Publicly Traded Company, Enters Into Definitive Agreement to Acquire
5 Leaders in Concrete Paver Industry With Almost $26,000,000 in Revenues
NEW YORK, Oct 12, 2001 /PRNewswire via COMTEX/ -- Cottage Investments, Inc.
(OTC Bulletin Board: COTF), announced that it has entered into a definitive
agreement to acquire five related companies that are leaders in the concrete
paver installation industry. Upon completion of the terms of the definitive
agreement and after closing, COTF, operating as a holding company, will change
its name to Paving Stone Corporation, d/b/a The Paving Stone Company. COTF will
elect Maurice ("Morris") Sigouin as its Board Chairman, Chief Executive Officer,
and President.
Commenting on the transaction, COTF indicated: "This transaction will maximize
shareholder value. Being public will afford the Paving Stone entities
opportunities to implement their ambitious growth and acquisition strategy.
Paving Stone Corporation will operate through five separate subsidiaries, which
are domiciled in Florida, Arizona, California, Georgia, and Nevada. Presently,
the entities dominate the market for paver installation in commercial and
residential markets."
The Paving Stone Company is the leader in the interlocking concrete paver
installation business nationwide and hopes to solidify that position by
expanding across the country. Established a decade ago with two employees, the
Company has grown to include 80 employees and hundreds of installation crews
located in 16 offices nationwide. In addition to eight offices throughout
Florida, the Paving Stone Company operates in Alabama, Arizona, California,
Georgia, Nevada, Tennessee, Texas, and the Carolinas. During a decade of
operations, revenues have grown to almost $26 million per year. As a public
entity, the Paving Stone Company hopes to increase its revenues to more than
$100 million annually, in less than five years, through internal growth and
acquisitions.
"Paving Stone Corporation represents a classic growth story that is perfectly
positioned for this repair and remodel phase of the economic cycle," states Dan
Mackell, Chairman and CEO of Cottage Investments. Mr. Mackell, formerly an
investment banker at Donaldson, Lufkin & Jenrette ("DLJ"), notes that The Paving
Stone Company has identified and expanded into markets, such as the West Coast,
where the revenues are over four times more on a per square foot basis, compared
with its existing Florida markets. With the management's track records of
growing the company and having a publicly traded stock as currency for
acquisitions, Mr. Mackell believes The Paving Stone Company could easily achieve
three to four times its current revenue base within three to four years' time.
Pavers are interlocking bricks used in driveways, pool decks, gardens, and
retaining walls. Larger commercial applications include office buildings,
high-rises, hotels, ports, sports complexes, streets, and even airport runways.
Made in a range of styles, designs and colors, pavers create decorative,
appealing, durable, and environmentally sound ground coverings. They offer many
pragmatic, economic, and aesthetic benefits, especially when compared with
alternative landscape architecture products, such as concrete pavement, clay,
asphalt, stone, or traditional bricks. Able to bear tremendous weight and
pressure, pavers are strong, durable, and weather resistant. They have
wide-ranging decorative uses, creating beautifully designed homes, landscapes,
and commercial areas. Environmental advantages result from the use of pavers,
too, since they permit water drainage and recycling. Pavers provide an
additional economic benefit in that they may easily be removed and replaced,
allowing below ground repairs with minimal repair costs and limited delays.
"We've worked extremely hard to get where we are today," said Maurice Sigouin,
Chairman and CEO of Paving Stone Corporation. "We built this business on the
foundation of quality work and customer satisfaction. Our company's growth is
indicative of the thousands of satisfied customers since 1990. Yet we realize
there is a vast number of potential customers that have yet to be educated about
the cost effectiveness and convenience of utilizing interlocking paving stones
for commercial and residential landscape and infrastructure applications. To
that end, our anticipated growth nationwide should be substantial. With certain
operational improvements and changes in focus, we hope to focus on areas where
we can generate up to four times the revenues on a per square foot basis (as in
a residential installation in locations other than our Florida base). With this
business model, we hope to yield at least triple the revenues per job, compared
with jobs of similar size in our Florida base. When you add the components of
increasing market share with large increases in revenues on a per square foot
basis, which result in higher revenue per job, the result is exponential growth
to the bottom line."
Within the interlocking paving stone industry, Mr. Sigouin and the Paving Stone
Company enjoy a well-earned reputation for excellence. Under his guidance, the
Paving Stone Company has won numerous awards for the quality, including from the
Interlocking Concrete Paver Institute. In addition to its acknowledged expertise
technically, the Paving Stone Company enjoys the leading revenue and market
share position within the interlocking concrete paver installation industry.
Paving stone manufacturing companies have emerged in new regions throughout the
country, and the need for quality and experienced installation and design
companies has grown proportionately. As the premier installation company in the
country, the Paving Stone Company believes it is poised to capture a dominant
market share in this expanding marketplace.
About Paving Stone Corporation
After the closing of the acquisition contemplated herein, Paving Stone
Corporation d/b/a/ The Paving Stone Company is a holding company with five
wholly owned subsidiaries domiciled in Arizona, California, Florida, Georgia and
Nevada. With the first subsidiary established a decade ago, The Paving Stone
Company presently enjoys a dominant market share position in the interlocking
concrete paver installation business regionally and nationally. In addition to
eight offices throughout Florida, the Paving Stone Company operates in Alabama,
Arizona, California, Georgia, Nevada, Tennessee, Texas, and the Carolinas.
During a decade of operations, revenues have grown to almost $26 million per
year. As a public entity, The Paving Stone Company hopes to increase its
revenues to more than $100 million annually through internal growth and
acquisitions, in less than five years.
FORWARD-LOOKING STATEMENT
The information contained in this news release, other than historical
information, should be considered forward-looking statements that are protected
under the safe harbor of the Private Securities Litigation Reform Act of 1995.
Projections and other forward-looking statements and descriptions of management
expectations regarding future events or financial performance, although made in
good faith, are inherently uncertain and actual events or results may differ
markedly from any forward-looking statements. Risk factors that may cause
results to differ from projections include, without limitation, loss of
suppliers, loss of customers, inadequate capital, competition, loss of key
executives, declining prices, margin pressures, lack of adequate capital, lack
of adequate labor, unforeseen marketing expenses, and other capital market,
international and economic factors.
MAKE YOUR OPINION COUNT - Click Here
http://tbutton.prnewswire.com/prn/11690X32978525
SOURCE Cottage Investments, Inc.
CONTACT: Robert Gasich of Cottage Investments, Inc., +1-312-335-9794,
r
fax, +1-312-335-9824, or rgasich@hotmail.com
URL: http://www.thepavingstone.com
BKTV .013 x .015 WHAAAAAAAAAAAAAAAAAAAT!
BKTV - WHAAAAAAAAAAAAAAAAAAAAAT!!!!!! :)
BKTV .011 x .013 now!
BKTV - GRAND OPENING this month! http://www.bucktv.com/
BKTV - .009 x .011 now!!
BKTV - .009
The Lists, final - http://www.goldenlists.com
Symbol Last Net Chg. % Change Company Name Tot. Vol.
BIOF 1.0300 +18.39 +.1600 BIOFARM INC 69200
UTHR 15.5000 +12.24 +1.6900 UNITED THERAPEUTICS CORP DEL 657600
BLDP 24.6200 +4.54 +1.0700 BALLARD PWR SYS INC 820900
XYBR 2.0800 +4.00 +.0800 XYBERNAUT CORP 492100
GE 38.94 +2.72 +1.03 GENERAL ELEC CO 24535000
MIGR .3800 +2.70 +.0100 MIGRATEC INC 573200
MSFT 56.3200 +1.46 +.8100 MICROSOFT CORP 41162700
BHUS .0400 +.0000 BACH HAUSER INC COM NEW 39000
UMHD .0100 +.0000 UNIVERSAL MEDIA HLDGS INC
CPRD 3.0000 +.0000 CARING PRODS INTL INC COM PAR
DOCU .0650 +.0000 DOCUCON INC COM NEW
GDSS .0900 +.0000 GOLDSTATE CORP COM NEW
HVST .0060 +.0000 HARVEST CAP CORP 20000
LRSY .0240 +.0000 LASER RECORDING SYS INC
NIFI .0100 +.0000 NOVA INTL FILMS INC
PCES .0800 +.0000 PACE HEALTH MGMT SYS INC 30000
PMGIF .0300 +.0000 PRINCETON MEDIA GROUP INC 10000
RINT .0500 +.0000 REALITY INTERACTIVE INC
MICG .0400 +.0000 MICROFIELD GRAPHICS INC 5000
SATC 4.0400 -1.46 -.0600 SATCON TECHNOLOGY CORP 70100
BCON 1.1300 -3.42 -.0400 BEACON POWER CORP 232200
GBTVK 1.1300 -5.83 -.0700 GRANITE BROADCASTING CORP 8200
ACAM 25.8000 -11.49 -3.3500 ACAMBIS PLC SPONSORE 202100
MTNO .0120 -33.33 -.0060 MTN HOLDINGS INC COM NEW 104600
NACT - http://www.investorshub.com/boards/read_msg.asp?message_id=192579
"NACT .13 x .14 - has moved up a bit on news."
now .37 offer!
WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT!!!!!
NACT .34 x .37 WHAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAT!!!!!!!!!!!
ENTI .165 x .17, still gaining!
NACT .23 x .24 !!!!! WHAAAAAAAAAAAAAAAAAAAAAAT!!!!!