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Thanks for that...where can i find that info?
ECMM..you have a link for that news? tia
Nice one.
SMKT
Stock Market Solutions, Inc. to Acquire a Private Company
Tuesday April 19, 12:01 pm ET
NEW ORLEANS, April 19, 2005 (PRIMEZONE) -- Stock Market Solutions, Inc. (OTC BB:SMKT.OB - News) issued a letter of intent to acquire a private company.
ADVERTISEMENT
Stock Market Solutions Inc. announced today it has issued a letter of intent to acquire a private company. In the spirit of full disclosure, and to prevent rumors, the company has chosen to disclose this event at this time. The details of the letter of intent will be disclosed when and if the letter of intent is signed back to Stock Market Solutions, as anticipated.
Stock Market Solutions is a company that assists professional mutual and hedge fund traders and managers, as well as individual investors, to more skillfully trade the stock market. The Company uses proprietary computer software systems based on the ``Jesse Livermore methodology,'' to enable these traders and investors to more successfully trade the stock market.
Livermore was a famous trader who operated in the 20's and 30's. Our research discloses that:
-- He predicted the crash of 1907 and made over three million
dollars in a single day, an amazing feat for the time.
-- He never took a partner and was a secretive lone-wolf trader.
-- His most famous foray into the market occurred in 1929, and
profited him with millions in cash. It caused him to be blamed
single-handedly for the "Crash of '29." This only added to his
standing on Wall Street.
Livermore developed revolutionary trading techniques. Livermore's techniques were studied and catalogued through painstaking research and interviews over four years by Richard L. Smitten, who authored three books on Livermore, with the most recent release in the trilogy occurring in October of 2004: ``How To Trade Like Jesse Livermore'' currently available in bookstores nationwide. Through a licensing arrangement with Smitten, the techniques have been refined and have been programmed by software engineers for SMKT over the past two years. The software is in its final stages of development.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are ``forward-looking statements'' that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the company's filings with the Securities and Exchange Commission which may cause actual results, performance and achievements of the company to be materially different from any future results, performance or achievements expressed or implied.
Contact:
Stock Market Solutions, Inc.
Richard L. Smitten
Investor Relations
(504) 561 1104
www.stockmarketsolutions.org
--------------------------------------------------------------------------------
Source: Stock Market Solutions, Inc.
Very nice.
Yumm..Yummm...
QRUS..second try.. Tarrant Apparel Group Announces Letter of Intent for Private Brands Share Exchange Transaction
Tuesday April 26, 7:30 am ET
- If Successfully Completed, Private Brands Business to Trade Publicly As Majority Owned Subsidiary of Tarrant -
LOS ANGELES, April 26 /PRNewswire-FirstCall/ -- Tarrant Apparel Group (Nasdaq: TAGS - News), a design and sourcing company for private label and private brand casual apparel, today announced that Tarrant has entered into a letter of intent with Qorus.com, Inc. ("Qorus") to exchange all the outstanding shares of its wholly-owned subsidiary, Private Brands, Inc., for shares of Qorus. Qorus is a publicly traded company quoted on the Over-the-Counter Bulletin Board under the symbol QRUS.
ADVERTISEMENT
Under the terms of the proposed transaction, in exchange for all of the outstanding capital stock of Private Brands, Qorus would issue shares of its convertible preferred stock to Tarrant in such amount so that, upon completion of the transaction, Tarrant would own in the aggregate 97% of the issued and outstanding shares of common stock of Qorus on a fully diluted and as-converted basis. The current stockholders of Qorus are expected to own 3% of the issued and outstanding common stock on a fully diluted and as-converted basis after completion of the exchange transaction. The closing of the exchange transaction would be subject to Private Brands' ability to obtain additional financing, and the effect of any such financing would reduce the percentage ownership in Qorus of both Tarrant and the current stockholders of Qorus.
Private Brands, Inc. owns or controls the distribution of branded apparel collections which are sold to targeted retail companies. Private Brands designs and manufactures American Rag CIE merchandise that is distributed exclusively by Macy's Merchandising Group to Macy's Stores across the country. Alain Weiz is a collection of better priced, plus sized apparel which has recently been introduced and is distributed exclusively by Dillard's. Gear 7 is a young men's and boys collection of casual clothing distributed exclusively through Kmart. Two recent additions to the Private Brands portfolio are the Jessica Simpson license (http://www.jessicasimpson.com) and House of Dereon by Beyonce Knowles (http://www.beyonceonline.com).
"We have been exploring strategic options for our Private Brands business and believe that the proposed transaction with Qorus will provide maximum value for our shareholders," commented Gerard Guez, Chairman of the Board of Tarrant Apparel Group. "Our core Private Label business is healthy and growing and will continue to be operated by Tarrant Apparel Group. Having our Private Brands business under its own umbrella will provide greater opportunities to expand its portfolio and capitalize on other growth opportunities in the market. At the same time, this transaction allows Tarrant shareholders to continue to benefit from ownership in the robust market for branded apparel."
Mr. Guez concluded, "In 2003, our Private Brands business consisted of only one brand. Today we have expanded and diversified our portfolio into six recognized brand names. Through the success of these collections including the recently extended agreement with Macy's Merchandising Group for American Rag CIE, we have proven our strength in design as well as our expertise in product development and marketing. We look forward to further capitalizing on the strong foundation that is being built."
The exchange transaction is subject to a number of conditions, including, but not limited to, the negotiation and execution of a definitive acquisition agreement, the delivery of audited financial statements of Private Brands, the approval by the Qorus, Private Brands and Tarrant boards of directors of the transaction, and the receipt of required third party consents and approvals. Accordingly, there can be no assurance that the exchange transaction will be completed.
Qorus is currently a public company with nominal assets whose sole business has been to identify, evaluate and investigate various companies with the intent that, if such investigation warrants, a reverse merger transaction be negotiated and completed pursuant to which Qorus would acquire a target company with an operating business with the intent of continuing the acquired company's business as a publicly held entity.
About Tarrant Apparel Group and Private Brands, Inc.
Tarrant Apparel Group serves specialty retailers, mass merchants, national department stores, and branded wholesalers by designing, merchandising, contracting for the manufacture of, and selling casual and well-priced apparel for women, men, and children.
Through its subsidiary, Private Brands, Inc., Tarrant designs, markets, and manufactures privately owned brands, including American Rag CIE, and has exclusive license agreements with several celebrity brands such as Jessica Simpson and Beyonce Knowles' House of Dereon.
Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this news release include the anticipated closing of the exchange transaction and value of Private Brands as a separate reporting entity. Factors which could cause actual results to differ materially from these forward-looking statements include failure or difficulty in obtaining third party approvals, our ability to complete the share exchange transaction in a timely manner and the inability to raise additional capital necessary to support anticipated growth. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
--------------------------------------------------------------------------------
Source: Tarrant Apparel Group
Yumm..Yumm...
Guess E off tomorrow...
Nice one.
...hilarious?...please feel free to laugh yaself to death..and stop posting to me ya pos basher...
TEDA Travel Group to Acquire Majority Stake in Top Travel Agency
HONG KONG, April 19 /Xinhua-PRNewswire/ -- TEDA Travel Group, Inc.
(OTC Bulletin Board: TTVL), announced today it has signed a Memorandum of
Understanding to acquire a majority share in Guangdong Province Tinma
International Travel Agency Limited (''Tinma''). The company expects the deal
to close within 90 days.
With over 20 years of experience in the Chinese travel industry, Tinma has
become a prestigious Provincial-level travel agency. With its seven locations
throughout Guangahou, Tinma did approximately $5 million in revenue in 2004,
and has been a Top 5 travel agency in Guangdong in the last several years. As
a Class 1 Travel Agent, Tinma can conduct inbound and outbound travel, book
air travel on every major airline in China, and make hotel reservations in
virtually every hotel in the province.
Mr. Godfrey Hui, TEDA Travel Group CEO said, ''We're confident we'll have
this deal completed very soon. Tinma is a well-known and established brand in
China and we're very pleased to be in acquisition talks with them. Once this
deal is finalized, TEDA Travel Group will benefit from a sizeable increase in
revenue and cash flow. This acquisition ties into our move into the online
travel sector as we'll be able to use their existing reservation systems
through online interfaces. However, and most important in all of this
constitutes a major part of our goal to become a major player in China's
rapidly expanding travel industry.''
Guangdong Province has a total area of approximately 110,000 square miles
and a total population of over 85.2 million. Tinma is situated in the Pearl
River Delta (''PRD'') Economic Zone, which is the Province's economic hub,
accounting for 80% of Guangdong's GDP. The PRD Economic Zone covers 14 cities
and counties, including Guangzhou, Shenzhen, Zhuhai, and Dongguan. The
province has the largest GDP in China, accounting for over 11% of the nation's
total.
About TEDA Travel Group, Inc.
TEDA Travel is a property management company providing services to hotels
and resorts throughout China. The company is responsible for the supervision
and day-to-day operations of the properties it manages. In addition to its
property management division, TEDA Travel also has its own portfolio of real
estate investments. Leveraged on its existing core businesses and the brand
name ''TEDA,'' one of most recognized names in China, TEDA Travel intends to
become a market leader in the fast growing Chinese travel and real estate
services industry.
About Tianjin Economic and Technological Development Area (TEDA)
Tianjin Economic and Technological Development Area (TEDA) is one of
earliest approved and best state-level development zones in China. TEDA has
now has a developed area of 33 square kilometers (approximately 20 square
miles). TEDA is located to the southeast of Tianjin City, about 45 kilometers
(27 miles) away from downtown and 140 kilometers (84 miles) from Beijing.
TEDA enjoys easy access to North China, Northeast China and Northwest China.
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press
release may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Such matters involve risks and
uncertainties that may cause actual results to differ materially, including
the following: changes in economic conditions; general competitive factors;
the Company's ability to execute its business model and strategic plans; and
the risks described from time to time in the Company's SEC filings.
For more information, please contact:
John Roskelley, President,
First Global Media
Tel: +1-480-902-3110
SOURCE TEDA Travel Group, Inc.
Nice.
JUPITER Global Holdings, Corp. Announces Closing of Acquisition of Promo Staffing
LAS VEGAS, NV -- (MARKET WIRE) -- 04/18/05 -- JUPITER Global Holdings, Corp. ("JUPITER" or
the "Company") (OTC BB: JPHC) today proudly announces it has closed its
acquisition of PromoStaffing.com LLC ("Promo Staffing") a revenue
generating promotional marketing company with clients such as Chrysler,
AT&T, PepsiCo, Campbell's Soup, Wal-Mart, Malibu Rum and Coca Cola. The
closing of this acquisition is a significant achievement for JUPITER. The
Company will now proceed to work diligently to close its other pending
acquisitions to build on the revenues that Promo Staffing will bring to the
income statement of JUPITER.
Promo Staffing (www.promobusiness.com) is growing quickly and with the
support it will soon receive from JUPITER it plans on becoming one of the
top promotional marketing agencies in North America.
The Company will shortly file an amended Form 8K with the amended and
restated Definitive Agreement, which provides details of the final terms of
the acquisition. The Company will also file Promo Staffing's audited
financial statements within the required timeframe.
Cory Sklar, President & CEO of Promo Staffing, stated: "We are excited to
have reached a closing of being acquired by JUPITER. We will now proceed
to fully integrate ourselves into the JUPITER organization. We firmly
believe that the future for JUPITER is enhanced by Promo Staffing. We look
forward to the completion of some major contracts, which may enable us to
have a tremendous revenue earning year for Promo Staffing and now for
JUPITER."
Ray Hawkins, CEO of JUPITER, commented, "Closing of this acquisition is a
major milestone for JUPITER. Promotional marketing is a billion dollar
sector of the advertising and marketing industry. We are very pleased with
the growth potential of Promo Staffing and what this acquisition will bring
for us. They have an exciting business that we believe will contribute
greatly to our income statement over the coming years. Our current and
prospective shareholders should be encouraged by this closing and should
continue their long-term approach when it comes to their holdings in the
Company. We plan to continue working hard to close our other in progress
acquisitions which we feel solidify our holding company strategy to bring
our shareholders increased value over time."
ABOUT PROMO STAFFING
Promo Staffing (www.promobusiness.com) is a promotional marketing company
with clients such as Chrysler, AT&T, PepsiCo, Campbell's Soup, Wal-Mart,
Malibu Rum and Coca Cola.
ABOUT JUPITER GLOBAL HOLDINGS, CORP.
JUPITER Global Holdings, Corp. is a holding company with interests and
developments in a diverse number of growing industries such as the VoIP
telecom industry, promotional marketing industry and entertainment
industry. JUPITER plans to achieve a leadership position through the
building of a synergistic network of innovative, profitable and global
businesses.
Statements contained herein that are not based on historical fact are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. JUPITER Global Holdings Corp. intends that
such forward-looking statements be subject to the safe harbor created
thereby. Such forward-looking statements are based on current assumptions
but involve known and unknown risks and uncertainties that may cause
JUPITER Global Holdings Corp. actual results, performance or achievements
to differ materially from current expectations. These risks include
economic, competitive, governmental, technological and other factors
discussed in JUPITER Global Holdings Corp. applicable public filings on
record with the Securities and Exchange Commission which can be viewed at
its website at http://www.sec.gov
Please visit our website: www.jupiterglobal.net
For more information, please contact:
JUPITER Global Shareholder Services
Phone: 1.800.963.6532
jphc@4lfs.com
...that's lovemaking talk..LOL
Where's all management at?? What country?? Why??
I just did.. :)))
Thank you!
Not fair...good luck to ya anyways...
I sure do..maybe perras?...or Steel?..I give up..all I can say is that I hope ya are a lovely looking woman aching for me...LOLOL!!
..I'd guess Boolish..although I was told he married a man recently and has no time for trading stocks..housekeeping etc.. :))))
tom calandra?..never heard of the dude..
..LOL..makin me long for da past.. :)))
..could be..those were da days... http://www.siliconinvestor.com/subject.aspx?subjectid=52285
???
Posted by: investorvest
In reply to: albacora who wrote msg# 470 Date: 2/24/2005 10:08:53 AM
Post #
no I'm burt or n_p to you Albie. What of it? Bought my NMCX holding when there was a bid and ask and they were listed on the OTCBB. Went through 1:1 share exchange and name change. I get sick of seeing these short-term bagholders cry about a 80% drop on 5 cents. Don't they have any patience? I have a long time horizon on this stock, and in time, hope to see it rise instead of fall, especially given the positive recent information the company has released and recent evidence that the company is reemerging.
Thanks..she's off the list...
Poor basher..LOL!
Don Danks, Chairman and CEO of Imergent, Inc. Files $15 Million Lawsuit Against STOCKLEMON.com and Its Principals for Libel and Defamation
Tuesday April 12, 12:30 pm ET
Suit Also Seeks Punitive Damages Based on False and Misleading Published Reports
LOS ANGELES, CA--(MARKET WIRE)--Apr 12, 2005 -- Don Danks, the Chairman and CEO of Imergent, Inc. (AMEX:IIG - News) has filed suit in Los Angeles Superior Court against STOCKLEMON.com and its principals for $15 million. The suit also seeks punitive damages in an amount to be determined at the time of trial.
ADVERTISEMENT
Among other things, the suit asserts a cause of action for defamation based on false, misleading and damaging allegations published over the Internet that has significantly damaged the reputation and standing of Mr. Danks as the CEO of Imergent, Inc., a publicly traded company. The suit also asserts causes of action for Interference with Prospective Economic Advantage, violations of California Corporate Code 25400c and Violations of 15USC 101 et seq., conspiracy and infliction of emotional distress.
Barry K. Rothman, attorney for Mr. Danks said, "Litigation has been filed against STOCKLEMON.com and its principals, which litigation we intend to be the test case to disclose the fact that certain websites that profess to be consumer watchdog sites are really sites who manipulate the stock price of a given stock they have a vested financial interest in by intentionally publishing false and negative information regarding the stock, which causes STOCKLEMON.com to make substantial profits when stock prices fall as a result of the false and negative information having been published. As well this litigation is intended to be a test case that will make it mandatory for principals of these self-professed consumer watchdog sites to disclose their identities, and the true identities of the fictitious names of the people who post. Most importantly this litigation is intended to be a test case that these websites have a financial motive in publishing the false and negative information they publish and they cannot hide behind Freedom of Speech and 1st Amendment Rights and we intend to have the court impose severe punitive damages against all defendants as a result of the outrageous defamation that has been published "for profit."
Said Mr. Danks, "The information published by STOCKLEMON.com is false, misleading and has been emotionally and financially devastating to me, my family, employees of Imergent as well as the majority of stockholders of Imergent. I intend to vigorously and aggressively prove that the statements made about me are false and I am prepared to take this case to trial if necessary to clear my name and reputation and to demonstrate that one cannot publish defamatory information for financial gain without consequences. I have conducted my entire professional career honestly and ethically and to be personally targeted like this by STOCKLEMON.com will not be tolerated."
The entire text of the lawsuit can be found at www.lasuperiorcourt.org
Contact:
Contact:
Barry Rothman
310-557-0062
CYON... On April 8, 2005, the Company entered into a binding letter of intent with Evolve Oncology, Inc. ("Evolve") (Pink Sheets: "EVON") to effect a merger with Evolve. The Company will be the surviving corporation. Under the proposed merger, the Company would authorize additional shares of common stock to be issued in the transaction, declare a 2.5 for forward stock split, and issue to Evolve's stockholders approximately 20,800,000 newly issued shares of its common stock. Evolve agreed to assume and to pay approximately $115,000 of the Company's liabilities at the closing of the transaction. After the transaction, stockholders of Evolve would own approximately 95% of the total issued and outstanding common stock of the Company.
Evolve is developing products for the treatment of breast cancer, leukemia and multiple cancer treatments including lymphomas, melanomas and gastric cancer.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized.
CYTATION CORPORATION
By:
/s/ Richard Fisher
Richard Fisher
Chairman and General Counsel
Date: April 11, 2005
CAUL..from their 10KSB filing today... CARSUNLIMITED.COM, INC.
(A DEVELOPMENT STAGE COMPANY)
NOTES TO THE FINANCIAL STATEMENTS
NOTE 9. SUBSEQUENT EVENT
On January 18, 2005, the Company announced that it had entered into a
preliminary letter of intent to acquire Sea Change Group, LLC ("SCG"), a
privately held New York State limited liability company. The letter of intent
contemplates the acquisition occurring pursuant to a merger or share exchange
transaction in which SCG would become a wholly-owned subsidiary of the Company.
The transaction is subject to the negotiation and execution of a definitive
agreement, satisfactory due diligence review by both parties and approval of
members of SCG, financing contingencies and completion of other conditions
precedent as are customary to agreements of this nature.
In March 2005, we issued and sold 750,000 shares of our common stock to three
investors at $0.10 per share for an aggregate purchase price of $75,000.
What a lying basher spewer you are....and thats the last time I respond to you ..ya pos!
LOL..nice one.
There is a lot of money at stake and the bashers know it..they work for a very angry dude rotting in jail.
JPHC...given to me by Market..looks very interesting with lots of good news lately..thanks.
Jupiter Global Holdings, Corp. to Soon Complete Audit of Telecom Assets Re: Letter of Intent to Acquire $3.2 Million in Wireless Telecom Assets to Support Its VOXBOX Service
Wednesday February 23, 3:06 pm ET
http://biz.yahoo.com/iw/050223/081526.html
IFLH ...DALLAS, Apr 07, 2005, (A. M. Best via COMTEX) -- InterFinancial Holdings, a
Texas-based bank holding company, has acquired Drivers Protection Group, a Texas
insurance agency affiliated with Nationwide Insurance. The financial details of
the transaction weren't disclosed.
Once the acquisition is completed, InterFinancial (OTC:IFLH.PK) will be able to
offer automobile insurance to existing account holders. The company also will be
able to prepackage and bill insurance products at loan origination.
Drivers Protection Group is in the process of finalizing an auto dealer program
that includes roadside assistance, gap insurance, single interest,
auto-replacement warranty and other gap-type products.
InterFinancial was formed in March 2004 primarily to make acquisitions in the
financial industry. Its first acquisition was American Eagle Acceptance Corp., a
Texas-based company that provides indirect auto financing to dealerships in the
Southwestern United States. Last month, InterFinancial said it was looking to
acquire an insurance division that would enable it to write coverage on each of
its installment accounts.
Columbus, Ohio-based Nationwide Group is among the largest multiline insurers
and financial services companies in the United States. The group is engaged
though its subsidiaries in three core businesses: property and casualty
insurance, life and retirement savings, and asset management.
Nationwide Group has a financial strength rating of A+ (Superior) from A.M. Best
Co.
On the afternoon of April 7, InterFinancial's stock was trading at 7.1 cents a
share, down 45.38% from the previous close.
(By David Dankwa, associate editor, BestWeek: David.Dankwa@ambest.com)
David Dankwa
Copyright (C) 2005 by A. M. Best Company, Inc.
-0-
RMLX.. ROOMLINX ANNOUNCES LETTER OF INTENT TO ACQUIRE SUITESPEED
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3386148
ROOMLINX ANNOUNCES LETTER OF INTENT TO ACQUIRE SUITESPEED
Combined Company Will Service 200 Hotels Representing
More than 35,000 Rooms Nationwide
HACKENSACK, NEW JERSEY (APRIL 4, 2005) -RoomLinX, Inc. (OTCBB: RMLX.OB), a
leading provider of wireless high-speed network solutions to the hospitality
industry, today announced that it has signed a Letter of Intent to acquire
SuiteSpeed, Inc., a leading provider of wireless solutions for hotels. Under the
terms of the non-binding arrangement, RoomLinX will issue 21,450,000 shares of
its common stock to acquire the outstanding stock of SuiteSpeed. The shares will
have piggy-back registration rights commencing six months after the completion
of the acquisition.
"Guests now demand quality WiFi service from the hotel industry," said Aaron
Dobrinsky, CEO of RoomLinX. "As one of the few U.S. public companies in this
space, we are uniquely positioned to leverage our scope and competitive
advantages for the benefit of our customers and shareholders. Our proposed
acquisition of SuiteSpeed demonstrates our commitment to our stated strategy: to
grow through acquisitions as well as organically. The addition of SuiteSpeed
enhances our leadership position in the industry. In addition to adding to the
number of rooms under management, we believe that the combined companies will be
positioned to enjoy economies of scale on an operational level as well. This
will allow us to continue to offer value added products to our customers."
<PAGE>
SuiteSpeed, a provider of high-speed wireless Internet access solutions, has
delivered WiFi services to hotels since 2000. The company serves brand-name
properties such as the Renaissance, Courtyard by Marriott, Holiday Inn,
Radisson, Hampton Inn and Best Western.
Consummation of the transaction is subject to completion of due diligence,
execution of a definitive agreement and closing conditions to be provided for in
the definitive agreement. Customers will experience no disruption in service,
and their company contact points will remain unchanged. Upon closing, SuiteSpeed
founder Mike Wasik will join the executive team at RoomLinX.
"SuiteSpeed is very excited about combining operations with RoomLinX," said Mike
Wasik, founder and CEO of SuiteSpeed. "We have strong operational synergies and
share philosophies that should greatly benefit our existing customers,
employees, and shareholders. Both organizations are passionate about providing
`Best in Class' service and support to our existing customers. Together we will
continue to help hotels provide important amenities to their guests, such as
centralized printing, VOIP, and automated concierge services. We are confident
that our customers will recognize the quality and market leadership that the
combined entity will provide."
RoomLinX also announced that Bob Lunde will be stepping down from its board of
directors. Bob was an executive of the company during last year's merger with
Arc Communications and has served as an active board member since then. The
Company thanks Lunde for his years of service.
ABOUT ROOMLINX, INC.
RoomLinX is a pioneer in Broadband High Speed Wireless Internet connectivity,
specializing in providing the most advanced WI-FI Wireless and Wired networking
solutions for High Speed Internet access to Hotel Guests, Convention Center
Exhibitors, Corporate Apartments, and Special Event participants. Designing,
deploying and servicing site-specific wireless networks for the hospitality
industry is RoomLinX's core competency.
<PAGE>
# # #
The statements contained in this press release of RoomLinX, Inc. (the "Company")
that are not based on historical fact are "forward-looking statements". Such
forward-looking statements involve risks and uncertainties, including but not
limited to: (i) the Company's history of unprofitable operations, both with
respect to its core business and the business previously performed by Arc
Communications, (ii) the significant operating losses that the Company has
incurred to date, (iii) the Company's lack of liquidity and need for additional
capital which it may not be able to obtain on favorable terms or at all, (iv)
the "going concern" qualifications that accompanies the Company's financial
statements, which, among other things, may make it more difficult for the
Company to raise the additional capital that it requires in order to remain in
business, (v) the fact that the Company has been required to operate with a
working capital deficit, which limits its operating flexibility and
opportunities, (vi) the substantially greater resources available to many of the
Company's competitors, (vii) the Company's expectation that it will continue to
operate at a loss for the foreseeable future, (viii) the fact that the Company's
lack of capital substantially restricts its flexibility and opportunity to
increase its revenues, (ix) the importance to the Company that its offerings
remain technologically advanced if the Company is to attract new customers and
maintain existing customers, (x) the Company's dependence on certain key
employees and key suppliers, (xi) risks associated with potential intellectual
property claims, (xii) the impact on the Company's business and industry of
general economic conditions and regulatory developments and (xiii) risks
associated directly with the proposed business combination, including without
limitation (a) the possibility that the parties are unable to reach a definitive
agreement or close the proposed transaction, (b) the possibility that the
benefits anticipated from the transaction are not realized and (c) risks
associated with integrating two separate businesses.. Such risks and others are
and shall be more fully described in the "Risk Factors" set forth in the
Company's filings with the Securities and Exchange Commission. The Company's
actual results could differ materially from the results expressed in, or implied
by, such forward-looking statements.
Yep...maybe nuttin happenin this month..
CNTI..second LOI..CoConnect, Inc. Signs Letter Of Intent to Acquire Sandstone Publishing Group LLC
- To Add $500,000 to Annual Revenues Beginning in 2005 -
SALT LAKE CITY, April 6 /PRNewswire-FirstCall/ CoConnect, Inc.
(OTC: CNTI), the developer of ultra high-speed wireless Internet access, VOIP
and IPTV/VoD products, is pleased to announce today that it has signed a
letter of intent to acquire 100% of the issued and outstanding shares of
Sandstone Publishing Group LLC, publisher of Action Zone Magazine and Action
Zone Home Buyers Guide. Sandstone Publishing's magazine is a first class
monthly travel, leisure and home publication targeted to residents and
visitors in the tri-state area of Utah, Nevada and Arizona. As a result of
this acquisition, CoConnect expects to add $500,000 to its annual revenues
beginning in 2005. Upon the close of the acquisition, Sandstone Publishing
will operate as a wholly owned subsidiary of CoConnect.
Tim Thayne, CEO of CoConnect stated, "The proposed acquisition of
Sandstone Publishing will allow CoConnect to immediately grow our annual
revenue base. Sandstone brings to CoConnect advertising and publishing
expertise as well as an existing subscriber base to expand the target market
for our services. We plan on working closely with Sandstone to launch a
comprehensive marketing and promotional campaign in order to drive future
sales of our ultra high-speed Internet products and services."
Karin Rosquist, Co-Founder and Manager of Sandstone Publishing LLC,
stated, "We are excited, every single product complements each other. And what
does this mean to everyone: The sky is the limit!"
Under the terms of the agreement, CoConnect plans to acquire 100% of
Sandstone Publishing in exchange for $50,000 in cash and 250,000 shares of
restricted common stock. CoConnect anticipates to close on the acquisition
next month.
About CoConnect: CoConnect has developed and is deploying a 45Mbps
broadband wireless Internet delivery system to deliver Ultra High-Speed
Wireless Internet, Voice Over Internet Protocol (VOIP), and IPTV/VoD products
and services. CoConnect's bandwidth is up to 30 times faster than today's
current T-1 standards of 1.5Mbps.
Statements contained in this release, which are not historical facts, may
be considered "forward-looking statements" under the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are based on current
expectations and the current economic environment. We caution the reader that
such forward-looking statements are not guarantees of future performance.
Unknown risk, uncertainties as well as other uncontrollable or unknown factors
could cause actual results to materially differ from the results, performance
or expectations expressed or implied by such forward-looking statements.
SOURCE CoConnect, Inc.
Contact Information:
Tim Thayne of CoConnect, +1-801-266-9393 or tim@coconnect.com; or Geoffrey Eiten, Investor Relations for CoConnect, +1-781-444-6100 ext. 613, geiten@otcfn.com
WebSite:
http://www.otcfn.com/cnti/
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