I am not actively trading; holding some stocks that have no value.
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I agree, Starnes... next week should see some upward momentum. After that, there may be some more volatility, but we then will have double our shares on account of the divvy... and with all that is coming in both companies, the fluctuations in SP really are not a huge concern to me.... I am taking a long view of this one and it is the value 6 months from now and beyond that matters to me.
One never knows what can happen in the stock market, but the longer I have been in MTRE, and with every bit of information that has come to light about it and the future prospects for both MTRE and LIHC, the more convinced I am that this is THE PLAY TO BE IN and the fact that people are able to buy shares these days at these prices, just a few days before the divvy is like an absolute steal! Of course, I must qualify this by saying JMHO, but I am very strongly of this opinion and hope that others will wake up and realize what they have right in front of them.... tick tock, the opportunity is now.
FBS...I think we will just have to wait and see.... usually R/S's do not play out well, but we know there has been a restructuring taking place with new people....one can only hope that they are going to come out of the gate in a better way....
Best wishes to all.
NL
I agree..binsleep...that is why there should be some info to support the new price...if there isn't, not sure why they bothered to do the R/S. JMHO.
I suspect that there will be news after EOD and before open Monday -- I hope that is the case. It is needed to avoid price erosion .... still hopeful. Something IS happening - otherwise we wouldn't have this change; just hoping it is positive.
NL
7,000,000 Shares of CYID being sold at $1.05. See latest filing:
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
––––––––––––––––
Amendment No. 3 to
FORM S-1
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
.......
PROSPECTUS
7,000,000 shares of Common Stock
CHINA YIDA HOLDING, CO.
This prospectus relates to the sale or other disposition by the selling stockholders identified in this prospectus, or their transferees, of up to 7,000,000 shares of our common stock, which includes, 52.5% of the 13,333,334 shares of common stock and warrants to Pope Investments II LLC and the other investors (collectively, the “Investors”).
We will receive no proceeds from the sale or other disposition of the shares, or interests therein, by the selling stockholders. However, we will receive proceeds in the amount of $8,333,333.75 assuming the cash exercise of all of the warrants held by the selling stockholders, subject to certain of the warrants being exercised under a “cashless exercise” right.
Our common stock is traded on the over-the-counter electronic bulletin board. Our trading symbol is CYID. On April 17, 2008, the last bid price as reported was $1.30 per share.
The selling stockholders, and any participating broker-dealers may be deemed to be “underwriters” within the meaning of the Securities Act of 1933, and any commissions or discounts given to any such broker-dealer may be regarded as underwriting commissions or discounts under the Securities Act. The selling stockholders have informed us that they do not have any agreement or understanding, directly or indirectly, with any person to distribute their common stock.
I think MTRE is still off the radar screens of but a select few (us!). That has been good on the one side as it has allowed us to accumulate shares cheaply, but it is time to rock and roll and we do need exposure to a larger segment of the market. The value here is unbelievable, and yet few know about it, or believe it. JMHO.
NL
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
I hope so too, prices.... the truth is that you might be right, but since there is nothing concrete to base a negative conclusion on yet, I prefer to maintain a positive perspective. In time we will see.... as the saying goes, it's not over till [an unnamed person] sings, and I haven't heard the singing yet! LOL
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
FBS....I am thinking the ball could still be falling in the right number. While none of us are happy that there is no news, the fact is that we just don't know, and at last report they were still working on getting this on a new and better footing. In the absence of anything from the company to say otherwise, I feel it is best to "stay the course". Other information posted here is mostly speculation and/or rumour... I will not base my decisions on that.
JMHO,and best wishes to all.
NorthLion
Gambler.... I know this board has been frustrating at times, but I for one appreciate your posts and your continuing supply of company info. I think I represent many who do not post often, but we are reading.... and we are holding all our shares as we do believe this something great in the making. We hope you will stay with it here and continue to be the positive voice in the midst of some that are otherwise. JMHO.
NL
Good morning, FBS.... thanks for being here!
Haha! We have days when we would be happy to ship you another feline - direct from our house to yours - very cute, but sometimes cute is not enough!
I share your excitement - we are at the gate, ready to for action!
I like the new asst mods too! Welcome... maybe we will see an improved board with some extra scrutiny of posts?
Morning Bee! Did you get any sleep last nite? ...on the board late, late and here again first thing! Must be the excitement of MTRE keeping you awake! LOL
Breaking News
China Yida Holding Company Announces Second Quarter 2008 Financial Results
08:07 EDT Wednesday, August 20, 2008
FUZHOU, China, Aug. 20 /Xinhua-PRNewswire-FirstCall/ -- China Yida Holding Company (OTC Bulletin Board: CYID) ("the Company" or "China Yida"), a leading comprehensive tourism and media management company, today announced its unaudited financial results for the second quarter ended June 30, 2008. The Company's performance is detailed in the Form 10-Q, which has been filed with the U.S. Securities and Exchange Commission.
Second Quarter 2008 Financial Highlights
-- Total net revenue increased by 207% to $6.9 million, compared with $2.3
million in the 2007 second quarter.
-- Net revenue from the tourism business increased by 25% to $1.6 million,
compared with $1.3 million in the 2007 second quarter.
-- Net revenue from the media business increased by 455% to $5.3 million,
compared with $952,257 in the 2007 second quarter.
-- Operating income increased by 305% to $4.6 million, compared with $1.1
million in the 2007 second quarter.
-- Net income increased 325% to $4.4 million, compared with $1.0 million
in the 2007 second quarter.
Dr. Chen Minhua, Chairman of China Yida, stated, "During the second quarter, we achieved exceptionally strong growth in both our tourism and media businesses, with a particularly robust year-over-year uplift from sales of advertisement time slots on FETV. We are working to build FETV's brand awareness, and our more predominant market position and influence have boosted our ratings and attracted more advertising customers. This quarter was exceptionally strong for our advertising sales segment, and while we believe we will continue to strengthen our market position and brand equity, we will see stabilized contributions from this segment in the coming quarters.
"We also made steady progress in our tourism business during the 2008 second quarter, as we increased our visitors to the Great Golden Lake compared with the same period last year. During the quarter, we intensified our marketing and promotional activities within and outside Fujian province, helping to increase our visitorship and our tourism revenues. Specifically, we began to cooperate with Nanjing Municipal Tourism Association to enhance tourism at the Great Golden Lake in the Nanjing market and partnered with GuangZhiLv, China's leading travel agency in Guangdong province. We expect these initiatives to continue to benefit China Yida over the medium- to long- term. These overall results demonstrate successful execution of our unique business model to leverage our tourism and TV media businesses organically in order to generate balanced long-term growth."
Second Quarter 2008 Unaudited Financial Results
Total net revenue were $6.9 million in the second quarter 2008, compared with $2.3 million in the second quarter of 2007. Net revenue from the tourism business increased by 25% to $1.6 million in the second quarter of 2008, compared with $1.3 million in the second quarter of 2007. Net revenue from the media business increased by 455% to $5.3 million in the second quarter, compared with $952,257 in the same period last year.
Gross profit was $5.7 million in the second quarter of 2008, representing a gross margin of 82%. This compares with gross profit of $1.9 million and a gross margin of 82% in the second quarter of 2007.
Total operating expenses increased by 51% to $1.1 million in the second quarter of 2008, compared with $719,735 in the second quarter of 2007.
Operating income for the 2008 second quarter was $4.6 million, representing a 305% increase compared with $1.1 million in the 2007 second quarter. Operating margin for the second quarter 2008 was 66%, versus 50% for the second quarter of 2007.
Net of other expense was $12,747 in the second quarter of 2008, compared with $65,854 in the second quarter of 2007.
Income tax expenses were $148,069 in the second quarter of 2008, compared with $18,439 in the second quarter 2007.
China Yida reported a net income for the second quarter of 2008 of $4.4 million, or $0.06 per diluted share, compared with a net income of $1.0 million, or $0.11 per diluted share, for the second quarter of 2007.
Six Months Ended June 30, 2008 Unaudited Financial Results
Total net revenues were $13.8 million for the six months ended June 30, 2008, compared with $3.8 million for the six months ended June 30, 2007. Net revenues from the tourism business increased by 33% to $2.6 million in the first half of 2008, compared with $2.0 million for the first half of 2007. First half net revenues from the media business increased by 510% to $11.1 million, compared with $1.8 million in the same period last year.
Gross profit of $10.6 million, represented a gross margin of 77% in the first half of 2008. This compares with gross profit of $3.1 million and gross margin of 81% in the corresponding period last year.
Total operating expenses for the first six months of 2008 were $1.6 million, versus $1.1 million in the comparable period in 2007.
Operating income was $9.1 million for the six months ended June 30, 2008, representing a 367% increase compared with $1.9 million in the same period of 2007. Operating margin for the first six months of 2008 was 66%, versus 51% for same period of 2007.
Net of other expenses were $80,428 for the six months ended June 30, 2008, compared with $130,832 in same period of 2007.
Income tax expenses increased by 12% to $247,382 for the first six months of 2008, compared with $221,832 for the same period in 2007.
For the six months ended June 30, 2008, China Yida reported a net income of $8.7 million, or $0.18 per diluted share, compared with a net income of $1.6 million, or $0.17 per diluted share, for the six months ended June 30, 2007.
About China Yida
China Yida Holding Co. is a leading management company focused in China's emerging and fast-growing tourism and media markets. Headquartered in the city of Fuzhou, in China's Fujian province, China Yida offers operations management services, including management consultation, and specializes in the investment and development of natural, cultural and historic scenic sites (primarily the Great Golden Lake's five scenic attractions: Golden Lake, Shangqing River, Zhuanyuan Rock, Luohan Mountain and Taining Old Town.) The Company's media business also provides operations management services, including channel, column and advertisement management for television station (presently the Fujian Education Television station (FETV), a top-rated education television station at the provincial level whose advertisement management rights are wholly-owned by the Company).
Thanks for checking that out and the thorough explanation (as always!).... There will always be someone selling, which keeps it interesting, but I am looking forward to being on the other side of the uplisting and then the acquisitions - that should stimulate new interest and bring in new buyers, which is what we really need to see. I think that will be only a matter of time, as there is too much here for MTRE to not get noticed and valued. Same with LHC. JMHO
Hey Chevy! Hope you are enjoying some good summer down there... we are up here. But August is slipping by quickly, and then we should be seeing some exciting stuff in MTRE-land!
I was paying that back in January and February (pre-split)...not expecting to see that opportunity come back again like it has these days.... fortunate for you, too bad for the seller. Not sure why anyone would want to sell now, this close to the divvy; on the other hand, some folks may not be wanting to sell but needing to for financial reasons.... I feel for them in that circumstance.
Good for you, ET! You will not regret it -- what a super grab to get some at these prices while the clock keeps ticking -- just a little before midnite, so to speak; divvy just around the corner.
Sounds like more shares landed in good hands today.... glad for Berge and $oldier... and others as well... more shares in the right hands.
$100,000 would be nice, but unfortunately it was just 100,000 shares at .0007 = $70.00
100,000 at the ASK
FBS already posted the latest news release from MTRE; another significant step forward and confirming that the uplisting to OTCBB is very near. Note that anyone wanting to get in on the one-for-one divvy should act very quickly as there are few shares left to be had -- the float is held very tightly. Further info can be gleaned from reading posts on the MTRE discussion board.
Pertinent Excerpts from News Release:
Market & Research Corp. Board of Directors Sets LifeHealthCare, Inc. Dividend Pay Date
WESTPORT, CT, Aug 14, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. (PINKSHEETS: MTRE) today announced that its Board of Directors has set both the record and dividend pay date for the LifeHealthCare, Inc. ("LHC") spin-off share dividend. Gary Stein, President, stated, "We have set LHC's record date as September 3, 2008, with a dividend pay date of September 12, 2008. Market & Research shareholders are reminded that the spin-off dividend will now be paid out in full, rather than the three separate payouts previously announced, and will be issued at a 1:1 ratio."
Stein closed his remarks by commenting, "We expect to hear shortly on our application for uplisting to the OTC.BB exchange. We are submitting today our Form 10 in response to the SEC's comments. Upon completion of the spin-out and uplist, we look forward to moving ahead on the finance package details on our previously discussed acquisitions, which we also expect to close by year-end."
Here is the latest news release from MTRE; another significant step forward and confirming that the uplisting to OTCBB is very near. Note that anyone wanting to get in on the one-for-one divvy should act very quickly as there are few shares left to be had -- the float is held very tightly. Further info can be gleaned from reading posts on the MTRE discussion board.
Market & Research Corp. Board of Directors Sets LifeHealthCare, Inc. Dividend Pay Date
WESTPORT, CT, Aug 14, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. (PINKSHEETS: MTRE) today announced that its Board of Directors has set both the record and dividend pay date for the LifeHealthCare, Inc. ("LHC") spin-off share dividend. Gary Stein, President, stated, "We have set LHC's record date as September 3, 2008, with a dividend pay date of September 12, 2008. Market & Research shareholders are reminded that the spin-off dividend will now be paid out in full, rather than the three separate payouts previously announced, and will be issued at a 1:1 ratio."
Stein closed his remarks by commenting, "We expect to hear shortly on our application for uplisting to the OTC.BB exchange. We are submitting today our Form 10 in response to the SEC's comments. Upon completion of the spin-out and uplist, we look forward to moving ahead on the finance package details on our previously discussed acquisitions, which we also expect to close by year-end."
About Market & Research Corp. ("MKRC")
MKRC currently owns LifeHealthCare, Inc. ("LHC"). LHC intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products.
About Precision Opinion
Precision, currently under contract to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
About INmarketing
INmarketing, currently under contract to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum, currently under contract to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. 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, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact for further information:
Gary Stein
steincorp007@gmail.com
Good job, FBS!
Starnes,
Chevy and I did bounce a few numbers around for the "effective float", guessing at what might be in the hands of "longs" and such, based on posts and other communication....we can agree that it is almost certainly less than 750,000 that we cannot account for, and that a probable estimate of shares in unknown hands is around 500,000. However, I would personally estimate even lower -- my guess is more in the 250,000 to 300,000 range (approx 12% of the stated float). JMHO, of course!
And every day we see more shares being picked up by "longs", at least at seems that way from the banter on this board, so I really do think that we are getting very near the end of freely available shares.
That also means that, with significant news, the SP is likely to move north very rapidly.
NL
Still a nice, clean shell with up-to0date filings looking for a merger candidate. Also from the 10-Q:
PART II — OTHER INFORMATION
Item 1. Legal Proceedings.
To the best knowledge of our sole officer and director, the Company is not a party to any legal proceeding or litigation.
Item 1A. Risk Factors.
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
None.
Item 3. Defaults Upon Senior Securities.
None.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
Excerpts from 10Q for period ended June 30, 2008.
Proposed Merger
On November 7, 2007, the Company entered into a letter of intent (the “Letter of Intent”) with Breakthrough Venture Corp. (“Breakthrough”), pursuant to which the Company intended to combine with Breakthrough either through a merger between Breakthrough and a wholly owned subsidiary of the Company, or an exchange of shares of stock of Breakthrough for shares of common stock, par value $0.001 per share (the “Common Stock”) of the Company (the “Merger”). The Letter of Intent expired pursuant to its terms on March 31, 2008, and had subsequently been extended to May 15, 2008, but expired on that date with no further obligation by either party.
Results of Operations
For the three and six months ended June 30, 2008, the Company had no activities that produced revenues from operations. It is unlikely the Company will have any revenues unless it is able to effect an acquisition or merger with an operating company, of which there can be no assurance. It is management's assertion that these circumstances may hinder the Company's ability to continue as a going concern. The Company’s plan of operation for the next twelve months shall be to continue its efforts to locate suitable acquisition candidates.
For the six months ended June 30, 2008, the Company had a net loss of $29,480, comprised of (a) legal, accounting, audit and other professional service fees of $16,173 incurred in relation to the filing of the Company’s Annual Report on Form 10-KSB for the year ended December 31, 2007 in March of 2008 and Quarterly Report on Form 10-Q for the period ended March 31, 2008 in May of 2008, (b) management fees of $6,000 incurred in relation to a broad range of managerial and administrative services provided by Vero Management, LLC, (c) stock transfer agent fees of $2,527, (d) interest expense of $189 and (e) miscellaneous expenses of $4,591 incurred in connection to the 1-for-20 reverse stock split that occurred in January of 2008. This compares with a net loss of $256,053 for the six months ended June 30, 2007, comprised of (a) $170,491 of operating expenses, consisting of (i) professional fees of $146,650 paid to attorneys, accountants and other consultants related to the reorganization and change of management which took place during February of 2007 and the filing of the Company’s Annual Report on Form 10-KSB for the year ended December 31, 2006 in February of 2007, (ii) legal, accounting, audit and other professional service fees of $8,109 incurred in relation to the filing of the Company’s Quarterly Report on Form 10-QSB for the period ended March 31, 2007 in May of 2007, (iii) management fees of $8,000 incurred in relation to a broad range of managerial and administrative services provided by Vero Management, LLC and (iv) other miscellaneous operating expenses of $7,732; (b) $391,526 of other non-operating expenses, comprised of $376,750 of payments made to the Company’s former executive officers under the terms of an indemnity agreement and $14,776 related to the write-off of miscellaneous prepaid expenses and other assets; (c) $(309,623) of other non-operating income, consisting of $(300,000) of previously accrued compensation due to the Company’s former executive officers that was forgiven upon execution of a liability release agreement and $(9,623) of previously accrued miscellaneous expenses that was also forgiven upon execution of a liability release agreement; and (d) interest expense of $3,659.
LOL...lots of green folks.....
- folks with green stock accounts
- other folks green with envy!!
NL
Not sure whether this was mentioned yet, but I just noticed that we were mentioned by StockProfiler yesterday:
StockProfiler.US: Todays Stock Watch: GPRE & MTRE
New York, NY, Aug 06, 2008 (M2 PRESSWIRE via COMTEX) -- Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) (AMEX: GPRE); Market & Research Corp. (PINKSHEETS: MTRE)
Stock Profiler welcomes investors to chat about Green Plains Renewable Energy, Inc. (NASDAQ: GPRE) (AMEX: GPRE) and Market & Research Corp. (PINKSHEETS: MTRE) on their new website, which has been upgraded with FREE Investor Tools, Live Chats, and much more! Sign up now at www.stockprofiler.us. Companies who want to broadcast their message are encouraged to contact us at (603) 424-4420.
This float is shrinking every day....it won't be long and there won't be a float, effectively - just lots of happy "longs"! JMHO.
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
Is there anything holding up the uplisting announcement now? It is my understanding that everything is done and that we are only waiting for the SEC to process the paperwork....something they will do on their own timetable, but it is normally done in a matter of days - so that we could have that news at anytime. Is this a correct understanding?
And when the uplisting happens, is it triggered by the SEC directly causing the change somewhere (not sure exactly where) or does the SEC just give a letter of approval to the company and the company then sends that over to _______ (not sure who) to make the switch?
Ok, great that's settled then!! LOL.
Thank YOU - it just wouldn't be the same without you. And that's not taking anything away from anyone else, because it really is a great group here and everyone involved helps to make it so.
And we have lots of good stuff to look forward to....things are just getting under way -- will be looking for that next bit of news!
LOL...ya ya...that's what I was trying to do, but he didn't have a recent post to reply to..... (I need to get all these buttons sorted out a little better on here!)
I'm sure Rooster will read it...right Roooooo?
And, Chevy, I hope you realize that you aren't going to get away with quietly slipping out the back door, away from the "Mod Job" - You da Man!
I am on the cheapie plan, so can't PM. Please use email: lion@ldj.net
Thank you for taking on this role, Rooster.... your participation is appreciated!
I'm sure someone will, Soros... I am done...finished..up to my eyeballs in MTRE...I can't do any more.
NL
The understatement of the year IMHO:
Thanks, BJ, but I had nothing to do with it personally.
Chevy...we are all very indebted to you for making us aware of this play and helping us to realize the value that is here.... we wouldn't be here if it wasn't for your DD and ongoing information and encouragement! Three cheers to 53!
I like your idea of controlling the LHC float, Chevy. I think we will agree that MTRE friendlies already have a very significant % of the MTRE float. When the LHC divvy gets issued and if there are any who do decide to dump their free shares quickly (and cheaply), there will be an immediate opportunity for the "friendlies" to grab them and hold and even larger percentage of the LHC float! Wow!
Lion
MTRE delivers once again..... still on track for great things.
The company is laying their foundation very carefully and well. As builders know, the key to a solid structure is a well-laid foundation. That is what we have here. In fact, if you have watched a tall building being constructed, you will recall that for months there was not very much to be seen....just a whole lot of work in a hole in the ground - not very exciting to observe. Finally, when the foundation was complete, the building arose almost overnight! I think that this is very much what will happen here.
The key with MTRE/LHC is the uplisting, which will be confirmed pretty much any day, I believe. After that, things will really start to move forward more rapidly.
It will be a beautiful picture when completed! JMHO.
NorthLion
MTRE News Release Today
Market & Research Corp. ("Market & Research") Announces SEC Is Prepared to Declare Form 10 of LifeHealthCare, Inc. Effective
WESTPORT, CT, Aug 06, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. (PINKSHEETS: MTRE) today announced that it has received notice from the SEC that the SEC is prepared to declare the Form 10 of LifeHealthCare, Inc. ("LHC") effective, upon request of LHC. This will register LHC under the Securities Exchange Act of 1934, and will require LHC to file all disclosure documents under that Act. Gary Stein, President, stated, "This is one additional step in order to accomplish the proposed spin-off by Market & Research of its shares of LHC. The Board of Directors of Market & Research has now determined that the proposed spin-off of LHC be accomplished in one distribution, rather than in installments as previously announced."
Mr. Stein further stated, "Market & Research will announce the record date and pay date of LHC shares shortly." Adding, "This is an exciting time for the company. Gaining approval of LHC's registration is another milestone towards achieving our overall 2008 business plan and this announcement continues our commitment to shareholders to remain fully transparent. LHC will soon be a fully reporting company."
About Market & Research Corp. ("MKRC")
MKRC currently owns LifeHealth Care, Inc. ("LHC") LHC intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products.
About Precision Opinion
Precision, currently under contract to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
About INmarketing
INmarketing, currently under contract to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum, currently under contract to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. 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, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact for further information:
Gary Stein
steincorp007@gmail.com
_______________________________________________
For further info on MTRE, visit the MTRE Discussion Board:
http://investorshub.advfn.com/boards/board.aspx?board_id=5224
MTRE News Release Today
Market & Research Corp. ("Market & Research") Announces SEC Is Prepared to Declare Form 10 of LifeHealthCare, Inc. Effective
WESTPORT, CT, Aug 06, 2008 (MARKET WIRE via COMTEX) -- Market & Research Corp. (PINKSHEETS: MTRE) today announced that it has received notice from the SEC that the SEC is prepared to declare the Form 10 of LifeHealthCare, Inc. ("LHC") effective, upon request of LHC. This will register LHC under the Securities Exchange Act of 1934, and will require LHC to file all disclosure documents under that Act. Gary Stein, President, stated, "This is one additional step in order to accomplish the proposed spin-off by Market & Research of its shares of LHC. The Board of Directors of Market & Research has now determined that the proposed spin-off of LHC be accomplished in one distribution, rather than in installments as previously announced."
Mr. Stein further stated, "Market & Research will announce the record date and pay date of LHC shares shortly." Adding, "This is an exciting time for the company. Gaining approval of LHC's registration is another milestone towards achieving our overall 2008 business plan and this announcement continues our commitment to shareholders to remain fully transparent. LHC will soon be a fully reporting company."
About Market & Research Corp. ("MKRC")
MKRC currently owns LifeHealth Care, Inc. ("LHC") LHC intends to develop and commercialize innovative over-the-counter, non-prescriptive dental care products.
About Precision Opinion
Precision, currently under contract to be acquired by MKRC, provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
About INmarketing
INmarketing, currently under contract to be acquired by MKRC, is a leader in the incentive industry through the deployment of its exclusive, database-driven, web-enabled application to reward program strategies. INmarketing develops sales incentive programs, a safety incentive program, service award, recognition programs or customer loyalty programs for its customers.
About Quantum
Quantum, currently under contract to be acquired by MKRC, provides consumer research services to the telecommunications, automotive, healthcare, banking and cable industries and provides a circulation and research service for Business-to-Business for these same industries.
Forward-Looking Statements: The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company and its subsidiaries. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by the Company may differ materially from these statements due to a number of factors. Any forward-looking statements speak only as of the date made. Statements made in this document that are not purely historical are forward-looking statements, including any statements as to beliefs, plans, expectations, or intentions regarding the future. 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, and other economic factors. The Company assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.
Contact for further information:
Gary Stein
steincorp007@gmail.com
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For further info on MTRE, visit the MTRE Discussion Board:
http://investorshub.advfn.com/boards/board.aspx?board_id=5224