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SSWC Great news!
SpeechSwitch, Inc. (USOTC: SSWC) Makes Major Asset Acquisition Marketwire "Press Releases "
FLEMINGTON, NJ -- (MARKET WIRE) -- 10/25/10 -- Ken Glynn , President of SpeechSwitch, Inc. (PINKSHEETS: SSWC), and President of Kenergy Development Corp. , a private closely held company, announced today that SpeechSwitch has entered into an agreement to acquire all assets of Kenergy Development Corp. Kenergy Development Corp. ("KDC") is primarily a research company with numerous patent pending applications and a recently issued patent. KDC's assets include many inventions and know-how relating to direct conversion of sunlight to mechanical and electrical power, without the need for photovoltaics, as well as hybrid and electric vehicles and wind power inventions, including venture canopies and hybrid solar/wind power devices. Also included are portable, quickly deployable wind tunnels with wind turbo-generated power systems. Ken is the inventor of the more than twenty inventions in this asset package and has been called the father of third generation solar. He is expected to be a featured guest on "The World's Greatest..." TV show, as the greatest solar inventor, early next year.
Although Kenergy Development Corp. has been estimated to be worth between One Million Dollars (based on actual investors share purchases) and Six Million Dollars (based on possible take over discussions with two different energy groups in 2009), the total purchase price to SpeechSwitch is $250,000 . Ken basically reduced his position in KDC to a few pennies on the dollar. The deal is based on 20% cash and 80% Notes. The Notes are for two years, interest free. Ken said that this move brings all of his solar ideas and future products under the same roof as existing solar products and is another step toward the conversion of SpeechSwitch, Inc. into Kenergy Scientific. When asked why the sale price of the assets was so significantly reduced, Ken indicated that he had little interest in overburdening SpeechSwitch and wanted to do a deal that was at a minimal cost per invention to SpeechSwitch . He feels that these assets will considerably increase the company's net worth and bring it closer to a serious long-term contender in the alternative energy business.
Information set forth in this press release contains various "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Private Securities Litigation reform Act of 1995 (the "Act") provides certain "safe harbor" provisions for forward-looking statements. The reader is cautioned that such forward-looking statements are based on information available at the time and/or management's good faith belief with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed statements. Forward-looking statements speak only as of the date the statement was made. We assume no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
Contact: Ken Glynn 908 788 0077
Nice hits on the 4's!!!
Great news!!!
It's looking good I know!
PRPM action, getting divies soon in regards to NEGS
"Propalms, Inc. (PINKSHEETS: PRPM) announced during the Company's nationwide teleconference that its Board of Directors has approved a dividend of National Energy Services Co., Inc. common shares for shareholders of record as of November 3, 2010""
EKWX 0.0002 available on the ASK, good place to add!
Nice opportunity to add here!
DMPD is so thin, new interest should make it move nicely going forward!
I know a few who took a nice position here, I'm one of them, LOL
GLTA
Nice!
They will follow up with news about their new venture in the fragrance industry
I know it looks so thin!
DMPD got it's S-1 approved by the SEC, keep on watch for developments!
DMPD NEWS!
SEC Approval of Form S-1 Registration Statement
WALNUT CREEK, Calif. , Oct. 18, 2010 (GLOBE NEWSWIRE) -- DM Products, Inc. (Pink Sheets:DMPD) (
www.dmproducts.biz) announced today that its Form S-1 Registration Statement has now been declared effective by the United States Securities and Exchange Commission . As a result, DM Products, Inc. is a fully reporting company.
"We want to thank all of our shareholders for their patience during this process, as well as our securities' counsel and accountants for their unfettered efforts. We have a great team," said Kurt Cockrum , President and Chairman of the Board.
"While the five months since filing, and the subsequent amendments have indeed been arduous, it was worth the effort and necessary to move the Company forward.With the approval of our S-1, we are now positioned to obtain an over-the-counter bulletin board (OTCBB) listing, and fully develop our Aliano Westlake Village fragrance division," Cockrum added. "In addition to already securing the services of Robert Aliano and Joseph Sutman , we are currently negotiating with other individuals to finalize the 'Aliano Dream Team.'"
An information statement, pursuant to Rule 15c2-11 under the Securities and Exchange Act of 1934, has already been submitted to the Financial Industry Regulatory Authority (FINRA) for active trading on the over-the-counter bulletin board (OTCBB).It is anticipated that FINRA approval will be obtained in the very near future.
DM Products , through its wholly owned subsidiary, Direct Success, Inc. , currently develops, finances, produces, markets, and distributes unique and innovative health, beauty, fashion, fitness and other products for sale through infomercial marketing and distribution channels.The company intends to expand its operations with its newly formed personal care division, Aliano, Inc. dba " Aliano Westlake Village ."
The DM Products, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7920
This press release includes certain statements that fall within the definition of "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Any such statements are subject to risks and uncertainties, overall economic and market conditions, competitors' and clients' actions, and weather conditions, which could cause actual results to differ materially from those anticipated.Accordingly, such statements should be considered in light of these risks. Any prediction by DM Products is only a statement of management's belief at the time the prediction is made. There can be no assurance that any prediction once made will continue thereafter to reflect management's belief, and DM Products does not undertake to update publicly its predictions, whether as a result of new information, future events or otherwise.
More information can be found on the company website, www.dmproducts.biz or email dmproducts@dmproducts.biz.
CONTACT: DM Products, Inc. 925 943 2090 dmproducts@dmproducts.biz
DMPD got their S-1 approved lowtrade
EKWX for me this week!!!
You get the second prize!
How many more Million shares can a guy swallow up?
Let me call Ken, and get a grill your way, congrats!!!
LOL
Patience my friend!
Wealth is the transfer of money from the impatient to the patient!
Someone well known quoted that before...
If you can name him you win a Kenergy Grill!!!
LOL
2 more filings came out
Good luck everyone, I'll check back in a month!
LOL
He's gonna move up when we get news...
Nice buy on the 4's
Thanks for the info!
2007? That was before?
Maybe he has some more also, what the heck, he'll be done at some point...
I just don't see the rush for him to just dump them this low when he could have before or later...
We'll see!
FLEMINGTON, NJ--(Marketwire - 06/07/10) - Ken Glynn, President of SpeechSwitch, Inc. (Pinksheets:SSWC - News), announced today that he has reduced the company's debt by more than $450,000.00 by conversion of debt to restricted Class A and Class B stock. He also announced the expansion of the Kenergy Scientific Group within the company. The Kenergy Scientific Group will select novel and creative products for sale by SpeechSwitch under the Kenergy Scientific brand. Current plans are to launch a series of products beginning in early July 2010.
"restricted" Did you read this?
This post, I put 2 up, read again!
Reduced the debt by restricted shares, read my posts again...
OK mister "The house is on fire", keep shouting out loud SSWC is cooked and load up these 0.0003/0.0002, but I wonder why you want them in the first place...
LMAO
The debt was mostly to Mahoney:
"he has reduced the company's debt by more than $450,000.00 by conversion of debt to restricted Class A and Class B stock."
(1)
Promissory Note to Jerome Mahoney dated August 5, 2005 having a balance on December 31, 2008 of $80,956.27, and accruing interest, and thus having a balance of $82,035.42 as of April 30, 2010;
(2)
Deferred Compensation to Jerome Mahoney as of December 31, 2008 equal to $273,696.20 and accrued interest of $95,901.88 through May 31, 2009 and additional interest from that date through April 30, 2010 of $10,035.51 totaling $379,633.58;
There's manipulation going on, someone is soaking up all these shares, they'll sell them back at a premium when they run it later after the CE removal and confirmation of the deals underway!
Mark this post!
E-Lionheart also contracted with Yorkville/YA Global (formerly Cornell) to purchase 100% of the SpeechSwitch/Cornell debt that was created almost five years ago.
Maybe you also missed that part of the news...
If you can't follow the story here, no wonder you "can't make a dinero"...
And this:
http://finance.yahoo.com/news/SpeechSwitch-Inc-USOTC-SSWC-iw-1098608409.html?x=0&.v=1
FLEMINGTON, NJ--(Marketwire - 08/09/10) - Ken Glynn, President of SpeechSwitch, Inc. (Pinksheets:SSWC - News), announced today that the Company has borrowed $500,000.00 to invest in business development, sales and retail stores. The Company and the lender, E-Lionheart Associates, LLC, signed a Convertible Debenture with extremely favorable terms. The interest rate is 5% per annum, the term is one year, no stock conversion may be transacted until after August 9, 2011, and the conversion formula is 90% of the lowest closing trade of five previous days. E-Lionheart also contracted with Yorkville/YA Global (formerly Cornell) to purchase 100% of the SpeechSwitch/Cornell debt that was created almost five years ago. E-Lionheart made these supportive, favorable agreements on the basis of SpeechSwitch's broad-based stock support (volume and growth) and on their vision of SpeechSwitch's success through the end of 2011.
Until August 9, 2011, last time I looked we're not there yet!!!
I guess you forgot about this:
http://finance.yahoo.com/news/SpeechSwitch-Inc-OTC-SSWC-iw-2200707022.html?x=0&.v=1
FLEMINGTON, NJ--(Marketwire - 06/07/10) - Ken Glynn, President of SpeechSwitch, Inc. (Pinksheets:SSWC - News), announced today that he has reduced the company's debt by more than $450,000.00 by conversion of debt to restricted Class A and Class B stock. He also announced the expansion of the Kenergy Scientific Group within the company. The Kenergy Scientific Group will select novel and creative products for sale by SpeechSwitch under the Kenergy Scientific brand. Current plans are to launch a series of products beginning in early July 2010.
"restricted" Did you read this?
Did he have anything good to say?
Message to those who can't take the heat:
Get out of the kitchen!!!
And if you can take it, well, would you mind making me a grilled sandwich with Ken's new grill, he he!!!