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UP 200% WHAT'S UP?
ASK PAPER PROFIT............HE's THE EXPERT
Careful what you wish for.
THE RATS ARE JUMPING OFF THE SHIP. TRADING AT .033
NOBODIES INTERESTED IN THIS STOCK........ DYING A SLOW DEATH.....PAINFUL TO WATCH..........STOCK WAS AT 12 cents before present management took over...........Big salary and Millions of shares...to do WHAT?
IMO
LOL
VERY HARD TO GET FILLED WHEN THIS ONE STARTS TO MOVE......EXPECTING A NEWS RELEASE RE INCOME SOON......There's always a leak somewhere when this happens.....We could be breaking .01 cent soon....LOL
PRETTY QUIET FOR A STOCK THAT's UP 33%
NEWS COMING?
LOL
.022 bid .025 ask Over 1.6 million volume on the downside is usually not a good sign.
LOL
westcoast
An investors forum on Infotec on their website might increase investor awareness. With 40 million hits per month there must be a few people that would be interested. Even a live ticker of the symbol as they use to have on Streetcast might be an other alternative. There doesn't seem to be any interest in this stock. Also their investor relations department has been a bust. Ed Clumm did a better job. IMO
LOL
Westcoast
Ezymoney,
The concept I think is great but like anything new there hasn't been acceptance of this product. The 2 houses that are built haven't been announced as sold yet. From what I understand these house's will stand up a lot better in a hurricane then your convential built house and are cheaper to build and are more sound proof and have lower heating costs. For commercial applications like industrial warehouse's and strip malls I don't think you can find a better product. This stock did go over .05 cents this year and there's no reason it can't do it again. Any kind of major building project and we should be headed a lot higher.
LOL
Infotec BSI to Release Galaxy Encoder System 2.1 as YouTube's Popularity Swells
VANCOUVER, British Columbia, Dec 08, 2006 (BUSINESS WIRE) --
Internationally acclaimed, Infotec Business Systems Inc. (OTCBB: IFTC), who brought you the world renowned "Eagle Cam," believes that, the next Internet sensation will supersede the success of the Eagle Cam and it will come from the online community by way of Infotec's soon to be released, proprietary Internet broadcast system -- 'Galaxy Encoder System 2.1 (GES2.1)'.
Infotec, a leader in broadband media, is shifting the power of LIVE Internet broadcasting into the hands of millions. Anyone with a camera, a computer and an Internet connection can become the next online media superstar with GES2.1. Download the FREE Galaxy Encoder System 2.1 and set up an account for a nominal fee to begin broadcasting. For less than $80 a LIVE broadband video stream can reach millions. It's like YouTube only better, it's LIVE!
Infotec conservatively projects GES2.1 will hit 500,000 downloads by July 2007. Statistics show applications relating to online video have recognized over 1 million downloads in less than one month when linked from popular download sites. Infotec will leverage www.wavelit.com which receives over 40 million hits per month, to promote FREE downloads of GES21. Marketing efforts will also extend GES2.1 to those same download sites which have popularized other video tools, creating further awareness and boosting overall downloads of GES2.1.
Arthur Griffiths, CEO of Infotec Business Systems Inc. says, "We are very optimistic that Galaxy Encoder System 2.1 will become "the" download for LIVE video broadcasts. Conservatively speaking, if out of 500,000 free downloads only 2% of those were to set up accounts, it would equate to 10,000 new LIVE video content channels, providing a treasure trove of possible "Eagle Cam" like, experiences, while generating over $750,000.00 each month for our company."
Who knows where the next Internet video sensation might be incubating? YouTube and MySpace have shown that the online community is ready to embrace the video generation. Raising the bar, Infotec is bringing LIVE experiences to that same online audience with Galaxy Encoder System 2.1. GES2.1 democratizes the process and empowers an aggregate creative force of millions to realize their vision. Arthur Griffiths adds, "The possibilities are as ubiquitous as one's own imagination. We have just reduced barriers to entry for anyone wishing to become the next media icon. I can't wait to see who and where the content will come from! Our broadband Video portal www.wavelit.com is poised to showcase that next online superstar and share revenue with them as well. It is an ideal situation, GES2.1 and Wavelit.com. I believe this is going to change everything we know about broadcasting."
About Wavelit.com / Infotec Business Solutions, Inc.
Wavelit.com is leading the way through the internet-TV revolution. Wavelit.com was formerly Infotec Business Systems, Inc., (OTCBB: IFTC.OB), Wavelit has planned to roll out its proprietary multi-channel, broadband full service television network under a fresh new brand, offering an unparalleled internet-TV experience to audiences from around the world. Wavelit/Infotec is in the final development stages of this advertising-driven content delivery engine that will offer a variety of on-demand television to viewers via set-top box. Infotec has fully tested its new point of presence location in the Quinby Building in Los Angeles, California - firmly establishing a foundation for the delivery of our services on a global scale. The site provides Infotec the ability to directly access all major Internet carriers and hundreds of Satellite TV stations, enables operations to be quickly scaled to meet future demands and dramatically reduces the cost of content delivery.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that
these forward-looking statements involve uncertainties and risks that could cause actual performance and results of operations to differ materially from those anticipated by these statements. These risks and uncertainties include issues related to the ability to: obtain sufficient funding to continue operations, maintain adequate cash flow, profitably exploit new opportunities, and the unpredictable nature of business risks; as well as the ability to establish and grow brand awareness of IFTC and other factors set forth in the Company's most recently filed SEC reports. The forward-looking statements contained herein represent the Company's judgment as of the date of this release and it cautions readers not to place undue reliance on such statements. The Company assumes no obligation to update the statements contained in this release.
SOURCE: Infotec
Up over 200% no news yet. Must be something big in the works.
LOL
You can bet that after filing the S-8 for 140 million shares that there will be some kind of run. Hopefully sooner then later.
This company is a joke.
LOL
At these prices only another 700 million to go on the debenture.Would think of a reverse split when all is said and done.IMO due your own DD.
LOL
Ludlow China Initiates Research Coverage on Universal Travel Group with a Near-Term Price Target of $1.80 Per Share
SHENZHEN, China and LOS ANGELES, Nov 16, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Universal Travel Group (OTC: UTVG), which, through its wholly owned subsidiary Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), operates as a China-based aviation services company, announced today that Ludlow China Research, a fund operated under Ludlow Capital Group ("Ludlow"), initiated research coverage on Universal Travel Group with a near-term price target of $1.80 a share. A full version of Ludlow China's research coverage and risk factors on Universal Travel Group (UTVG) can be found at http://www.theasianinvestor.com/reports/utvg.htm. An excerpt from the research report follows:
RECENT EARNINGS
For the nine months ending September 30, 2006, the Company reported total revenues of $3,197,667 and net income of $1,923,490.
For the three months ending September 30, 2006, total revenues grew 62% to $1,505,068 as compared to $928,095 for the second quarter ended June 30, 2006. Net income for the third quarter of 2006 grew to $962,633, or $0.03 per share, from $500,528, or $0.02 per share, in the second quarter of 2006, or 92% from prior quarter.
VALUATION RATING
Universal Travel Group's recent third quarter net income showed surprising growth of 92% over the second quarter 2006 net income results. With quarter over quarter growth in revenues and net income, Ludlow China feels a price-to-earnings (P/E) ratio of 30 times 9 months EPS to be fair, if not conservative. Thus, Ludlow China feels a fair valuation for Universal Travel Group to be around $1.80 in the share near-term.
About Universal Travel Group
Universal Travel Group, through its wholly owned subsidiary, Yu Zhi Lu Aviation Service Company Ltd. ("YZL"), is engaged in travel services pertaining to domestic and international lines through Hong Kong, Macau, and Taiwan. The Company's core services include dynamic booking for air tickets, hotels, and restaurants, as well as tour routing for customers. For more information, visit http://www.chutg.com or http://www.otcfn.com/utvg.
About Ludlow China Small Cap Index
The Ludlow China Index is a basket of some of the top US traded Chinese stocks. The Index provides institutional and individual investors a gauge for tracking the day-to-day performance of Chinese stocks traded here in the US. The index is designed for investors who have a long-term bullish outlook on China's emerging market. The Ludlow China Index is owned and operated by Ludlow China Fund, Inc., based in New York City. http://www.ludlowcapital.com/indices/
Disclosure: Ludlow China was compensated three thousand five hundred dollars for twelve month research coverage on the company, and listing within the Ludlow China Index. Ludlow China is not a registered investment adviser or broker/dealer. Ludlow China makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk. We highly encourage all investors to consult with a financial advisor before making any and all investment decisions.
Contact: Ludlow China Fund Gerry Salazar Phone: (718) 855-8451
The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.
Contact At the Company: Universal Travel Group Jacalyn Guo Investor Relations (310) 443-4151 jacalyn@chutg.com http://www.chutg.com Investor Relations: OTC Financial Network Peter Clark Investor Relations 781-444-6100, x629 peter@otcfn.com http://www.otcfn.com/utvg
SOURCE Universal Travel Group
Gerry Salazar of Ludlow China Fund, +1-718-855-8451; Jacalyn Guo, Investor Relationsof Universal Travel Group, +1-310-443-4151, jacalyn@chutg.com; or Investor Relations:Peter Clark of OTC Financial Network, +1-781-444-6100, ext. 629, peter@otcfn.com
http://www.chutg.com
My guess is that they will promote to the 20,000 distributors they have before doing a public awareness program. What better way then to promote the stock then to the people who believe in the product. IMO
LOOOKS LIKE BOOK VALUE IS 12.1 cents per share
Preferred shares are voting shares
UDTA only has 59 million shares auth. cannot issue any more shares unless the author. shares are increased
Stockholders’ Equity
d.
Common Stock
The Company has authorized, issued, and outstanding share capital of 50 millions shares of common stock at $0.121 per share as of June 30, 2006 and September 30, 2005. During nine months ended June 30, 2005, the Company issued an additional 49,850,000 shares of its common stock to a group of investors in exchange for 21,601 tons of food grants at an aggregated value of $6,173,725. The fair value of the crops was determined by reference to the market price of the goods at the date of the contribution and certified by the local appraiser
I WISH I HAD BOUGHT MORE> I LIKE THIS CLAUSE IN THE AGRREMENT
In the Management Agreement, the Managers agreed that they will approve any corporate acquisition in which (a) the acquired company had not less than $2.5 million in revenue and not less than $700,000 in net pre-tax income in the year ended September 30, 2005, (b) the shareholders of Ultradata at the time of the merger and the holders of the Series C Preferred Stock will, on closing of the acquisition, own not less than five percent of the equity in Ultradata, and (c) there are no other material terms of the corporate acquisition that are objectionable to the Managers.
LOL
westcoastcash
Stock Options granted on November 2, 2006 will vest as follows: 33.3% on August 1, 2007, 33.3% on August 1, 2008 and 33.4% on August 1, 2009
Technologies, Inc. Pursues Additional Lots in Midland, Texas
CINCINNATI, Oct 30, 2006 (BUSINESS WIRE) --
EarthBlock Technologies, Inc. (OTCBB:EBLC) an international leader in cost effective building technologies and earthen construction is pleased to announce that, pursuant to its press release dated October 18, 2006, it has entered negotiations for up to 50 construction lots in Midland, Texas.
"These lots represent the next step in our growth in Midland, Texas. We are so pleased with the result of the first two houses in Midland, we can't wait to build more," said Jim Hines, EarthBlock's CFO.
The properties are all centrally located city lots; with existing access to water, electric and sewer tie ins. We expect to break ground immediately following closing and approval by the city.
Gregory Pitner, EarthBlock's President noted, "There is a huge need for workforce housing in Midland. With financing in place to acquire additional building lots and the City's enthusiastic reception and proposed reimbursement to builders for providing workforce housing, we are very excited to be a part of the substantial growth occurring in West Texas."
About EarthBlock Technologies, Inc.
EarthBlock Technologies, Inc. (www.eblk.com) engages in the application of technologically advanced earthen construction products for the large-scale production of affordable, high quality, energy efficient homes and commercial buildings.
Special Note: Management believes certain statements in this press release may constitute ``forward-looking statements'' within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made. Actual results may differ materially from those expressed or implied. Such differences may result from actions taken by the company prior to its current fiscal year end, as well as from developments beyond the company's control, including changes in global economic conditions that may, among other things, affect the company's performance, anticipated acquisitions or future business. In addition, changes in domestic competitive and economic conditions may also affect performance of all significant company businesses.
SOURCE: EarthBlock Technologies, Inc.
EarthBlock Technologies, Inc. Gregory Pitner, 513-533-1220
Copyright Business Wire 2006
13:33 MODCE Modern Technology Corp. Common Stock 10/25/2006 Failure To Comply With NASD 6530; Added to NBB (MODC) **
sorry wrong board
13:33 MODCE Modern Technology Corp. Common Stock 10/25/2006 Failure To Comply With NASD 6530; Added to NBB (MODC) **
Doesn't look like shorting to me. Just debenture holders converting.
SHARES RESERVED FOR ISSUANCE
At June 30, 2006 and December 31, 2005, the Company has reserved shares of common stock for issuance as shown below:
June 30,
2006 December 31,
2005
Shares reserved for retirement of shareholder loans -- 41,478,071
Shares reserved for payment of deferred salaries -- 4,000,000
Shares underlying warrants 53,250,000 53,250,000
Shares underlying convertible debt 380,549,167 797,255,390
Shares underlying stock option plan 7,033,710 7,013,710
Shares reserved as compensation 448,513 448,513
441,281,390 903,445,684
Shares reserved for issuance underlying convertible debt at June 30, 2006, assume conversion of $3,694,470 of principal and $415,461 of accrued interest outstanding at June 30, 2006 at the approximate conversion price as of June 30, 2006 of $0.0108 per share. Shares reserved for issuance underlying the convertible debt at December 31, 2005, assume conversion of $3,694,470 of principal and $225,368 of accrued interest outstanding at December 31, 2005 at the approximate conversion price as of December 31, 2005 of $0.00492 per share.
GTREX Capital Files Revised Preliminary Proxy Statement for Annual Meeting
GTREX Capital, Inc. (OTCBB: GRXI), an investment company with holdings in emerging travel-related businesses, has filed a revised 14A Preliminary Proxy Statement for its annual meeting of stockholders, now tentatively scheduled for September 21, 2006, at 10:00 a.m. Pacific time at the company's corporate offices in Temecula, California. A subsequent 14A Definitive Proxy Statement, which will confirm the meeting date, is expected to be filed within 10 days and sent to shareholders of record on or about September 1, 2006.
Included in the proposals to be considered and voted upon by shareholders at the annual meeting is an authorization for the Board of Directors to withdraw the company's election to be treated as a business development company (BDC) pursuant to the Investment Company Act of 1940. Shareholders will also be asked to consider and vote upon proposals to elect to the Board of Directors to serve until the next annual meeting, as well as to ratify of the appointment of Chisholm, Bierwolf & Nilson as the company's independent public accountants and the appointment of Parsons Law Firm as the company's general counsel.
"This proxy statement varies little from the previous 14A that was filed several months ago," said Gary Nerison, chairman of the Board of Directors and interim chief executive officer. "The revisions in this version primarily concern the changes in accounting procedures that will occur as a result of the proposed withdrawal of the company's BDC election. As we explained in the first preliminary proxy, GTREX Capital may contemplate additional investments that have an international element, which could effect the company's compliance with elements of the Investment Company Act. Overall, the Board believes that in order to fully execute the company strategy to build value for GTREX Capital shareholders, a withdrawal of our BDC election would be appropriate at this time."
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc. (www.gtrex.com) has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. GTREX Capital recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
UDTA .016 shell company CHINESE REVERSE MERGER CANDIDATE ONLY 17.5 million outstanding
Note 7 Financing Activity
On June 1, 2006 Ultradata entered into a group of agreements. The purpose of the agreements is to fund Ultradata's ongoing operations and enable Ultradata to acquire a new business under new management. The business that will be acquired has not yet been determined.
Under the primary agreement on June 1, 2006 Ultradata sold to Warner Technology & Investment Corp. ("Warner Technology") 210,000 shares of Series B Preferred Stock for $210,000 in cash paid on that date. In connection with the purchase by Warner Technology of the Series B Preferred Stock, the present directors of Ultradata elected to the Board a designee of Warner Technology and submitted their resignations from the Board, effective June 30, 2006. After that change of control, Warner Technology and its designee to the Board bear responsibility for negotiating the acquisition of an operating company. The Certificate of Designation of the Series C stock provides, however, that no corporation acquisition can be completed without the approval of the holders of the Series C stock - i.e. the Managers (identified below). In the Management Agreement, the Managers agreed that they will approve any corporate acquisition in which (a) the acquired company had not less than $2.5 million in revenue and not less than $700,000 in net pre-tax income in the year ended September 30, 2005,
(b) the shareholders of Ultradata at the time of the merger and the holders of the Series C Preferred Stock will, on closing of the acquisition, own not less than five percent of the equity in Ultradata, and (c) there are no other material terms of the corporate acquisition that are objectionable to the Managers.
Also on June 1, 2006, Ultradata entered into an Assignment and Assumption Agreement, which effected the transfer of all of Ultradata's operating assets to a wholly-owned subsidiary named "RW Data, Inc." In the same agreement, RW Data agreed to pay all of Ultradata's debts and obligations existing on June 1, 2006.
ULTRADATA SYSTEMS, INCORPORATED, AND SUBSIDIARY
Notes to Condensed Consolidated Financial Statements June 30, 2006 (Unaudited)
On the same date Ultradata and RW Data entered into a Management Agreement with Monte Ross, Ernest Clarke and Mark Peterson (the "Managers"), who were officers and members of Ultradata's Board of Directors prior to June 30, 2006. All directors of Ultradata resigned, and John Leo, the designee of Warner Technology, became the sole director. The Managers agreed to the termination of their employment agreements with Ultradata, and that they would instead assume responsibility for the management of RW Data, Inc. The Managers undertake to use their best efforts to effect a sale of the assets of RW Data during 2006. In consideration for their commitment, Ultradata issued to the Managers a total of 100,000 shares of Series C Preferred Stock and granted them options to purchase a total of 50,000 additional Series C shares for $150,000.
The Managers will be able to convert the Series C Preferred Stock into 2% of the outstanding Ultradata shares (3% if they exercise the option for additional Series C shares), but only if Ultradata has acquired an operating company during 2006. Otherwise the Series C Preferred Stock will be cancelled. If the 100,000 shares of Series C Preferred Stock are converted into common stock, the Managers will be entitled to sell the shares to Ultradata after April 1, 2007 for a price equal to the sum of $275,000 less all liabilities of RW Data at December 31, 2006 and all liabilities of Ultradata that existed on June 1, 2006 and remain on the balance sheet on December 31, 2006. In the event that the afore-mentioned liabilities exceed $275,000, then the Managers will be required to surrender one Series C share for each $2.75 of excess liabilities.
On August 11, 2006 John Leo resigned from his position as the sole member of Ultradata's Board of Directors and as its Chief Executive Officer and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of Warner Technology and Investment Corp. a New Jersey corporation that he organized in 1993. Warner Technology provides international training and market consulting services. Warner is licensed by the People's Republic of China to serve as an official host for Chinese government officials and business executives in the US. As part of the hosting process Warner also provides training programs to assist visiting Chinese officials and business executives with the transition to doing business in the US. These services include market and product analysis, assistance with product distribution and distribution agreements, joint ventures, and introductions to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in 1989 by the Polytechnic University of New York
UDTA .016 shell company CHINESE REVERSE MERGER CANDIDATE ONLY 17.5 million OUTSTANDING
Note 7 Financing Activity
On June 1, 2006 Ultradata entered into a group of agreements. The purpose of the agreements is to fund Ultradata's ongoing operations and enable Ultradata to acquire a new business under new management. The business that will be acquired has not yet been determined.
Under the primary agreement on June 1, 2006 Ultradata sold to Warner Technology & Investment Corp. ("Warner Technology") 210,000 shares of Series B Preferred Stock for $210,000 in cash paid on that date. In connection with the purchase by Warner Technology of the Series B Preferred Stock, the present directors of Ultradata elected to the Board a designee of Warner Technology and submitted their resignations from the Board, effective June 30, 2006. After that change of control, Warner Technology and its designee to the Board bear responsibility for negotiating the acquisition of an operating company. The Certificate of Designation of the Series C stock provides, however, that no corporation acquisition can be completed without the approval of the holders of the Series C stock - i.e. the Managers (identified below). In the Management Agreement, the Managers agreed that they will approve any corporate acquisition in which (a) the acquired company had not less than $2.5 million in revenue and not less than $700,000 in net pre-tax income in the year ended September 30, 2005,
(b) the shareholders of Ultradata at the time of the merger and the holders of the Series C Preferred Stock will, on closing of the acquisition, own not less than five percent of the equity in Ultradata, and (c) there are no other material terms of the corporate acquisition that are objectionable to the Managers.
Also on June 1, 2006, Ultradata entered into an Assignment and Assumption Agreement, which effected the transfer of all of Ultradata's operating assets to a wholly-owned subsidiary named "RW Data, Inc." In the same agreement, RW Data agreed to pay all of Ultradata's debts and obligations existing on June 1, 2006.
ULTRADATA SYSTEMS, INCORPORATED, AND SUBSIDIARY
Notes to Condensed Consolidated Financial Statements June 30, 2006 (Unaudited)
On the same date Ultradata and RW Data entered into a Management Agreement with Monte Ross, Ernest Clarke and Mark Peterson (the "Managers"), who were officers and members of Ultradata's Board of Directors prior to June 30, 2006. All directors of Ultradata resigned, and John Leo, the designee of Warner Technology, became the sole director. The Managers agreed to the termination of their employment agreements with Ultradata, and that they would instead assume responsibility for the management of RW Data, Inc. The Managers undertake to use their best efforts to effect a sale of the assets of RW Data during 2006. In consideration for their commitment, Ultradata issued to the Managers a total of 100,000 shares of Series C Preferred Stock and granted them options to purchase a total of 50,000 additional Series C shares for $150,000.
The Managers will be able to convert the Series C Preferred Stock into 2% of the outstanding Ultradata shares (3% if they exercise the option for additional Series C shares), but only if Ultradata has acquired an operating company during 2006. Otherwise the Series C Preferred Stock will be cancelled. If the 100,000 shares of Series C Preferred Stock are converted into common stock, the Managers will be entitled to sell the shares to Ultradata after April 1, 2007 for a price equal to the sum of $275,000 less all liabilities of RW Data at December 31, 2006 and all liabilities of Ultradata that existed on June 1, 2006 and remain on the balance sheet on December 31, 2006. In the event that the afore-mentioned liabilities exceed $275,000, then the Managers will be required to surrender one Series C share for each $2.75 of excess liabilities.
On August 11, 2006 John Leo resigned from his position as the sole member of Ultradata's Board of Directors and as its Chief Executive Officer and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of Warner Technology and Investment Corp. a New Jersey corporation that he organized in 1993. Warner Technology provides international training and market consulting services. Warner is licensed by the People's Republic of China to serve as an official host for Chinese government officials and business executives in the US. As part of the hosting process Warner also provides training programs to assist visiting Chinese officials and business executives with the transition to doing business in the US. These services include market and product analysis, assistance with product distribution and distribution agreements, joint ventures, and introductions to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in 1989 by the Polytechnic University of New York
GTREX Capital Comments on Quarterly Report
TEMECULA, CA, Aug 15, 2006 (MARKET WIRE via COMTEX News Network) --
GTREX Capital, Inc. (OTCBB: GRXI), an investment company with holdings in emerging travel-related businesses, today commented on the filing of its Form 10-Q quarterly report for the period ended June 30, 2006.
"This quarterly report reflects a period in which the company was preparing for the expected withdrawal of its business development company election," commented Gary Nerison, chairman of the Board of Directors and interim chief executive officer. "The Board decided that in anticipation of the proposed BDC withdrawal, it would be appropriate to value our Global Travel Partners portfolio company strictly at book value. Assuming the BDC withdrawal is approved by shareholders, GTREX Capital will have the ability to present consolidated financial information for its subsidiaries in subsequent filings, allowing us to provide a much clearer financial picture for each of these companies.
"In the upcoming fiscal quarters, the Board plans to redouble our efforts to build shareholder value by focusing on the growth of our subsidiaries operating in the travel industry. We anticipate that in the coming weeks, GTREX Capital will begin reporting tangible progress that will further clarify the status of its subsidiary operations and demonstrate how these companies are executing their respective business plans," added Mr. Nerison.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc. (www.gtrex.com), has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. A second portfolio company, Global Financial Exchange, was formed to manage and oversee the expansion of Global Travel Exchange's growing debit and cheque card business, which allows customers to pay for travel or any other products and services wherever the cards are accepted around the world and obtain money from automated teller machines. The cards also allow customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products. GTREX Capital recently acquired all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: Gemini Financial Communications, Inc. A. Beyer 951-587-8072 Contact via http://www.marketwire.com/mw/emailprcntct?id=BF0C99C236104FA5
SOURCE: GTREX Capital, Inc.
Copyright 2006 Market Wire, All rights reserved.
My take on this situation is Grxi has been a long time in developing but the wait will be worth while There is only about 250 million free trading and the insiders hold a lot of this stock. Should be some interesting things happening in the next couple of months that should make everyone happy that owns this stock. At these prices the stocks a bargain. IMO
LOL
westcoast
NOTE 5 – ACQUISITION OF GLOBAL TRAVEL PARTNERS, INC.
During the quarter ended June 30, 2006, the Company acquired 100% of the issued and outstanding stock of Global Travel Partners, Inc., a Nevada holding company (see Note 2, above). The total purchase price for GTP was 800,000,000 shares of restricted common stock and $800,000 in notes payable. Of this amount, 200 million shares and all of the notes are to be held in escrow pending the attainment by GTP of certain operational milestones. Accordingly, the Company issued 600,000,000 shares of restricted common stock. The 200 million additional shares of restricted common stock becomes due once GTP has delivered
Our 8 dollar stock didn't last to long. Traded at 15 cents today
SRLT now SRLV BID $1.25 ASK $1.49
CLXN .0083
CLX Investment Company Announces Coverage by The MacReport
TEMECULA, CA, Jul 11, 2006 (MARKET WIRE via COMTEX News Network) --
CLX Investment Company, Inc. (OTCBB: CLXN), a diversified investment fund with holdings in e-learning, global advertising and diagnostic testing markets, today announced that the company is being featured in a profile on The MacReport.net, including a new audio presentation recorded by chief executive officer Robert McCoy. In the presentation, which will also be available as a written transcript, Mr. McCoy reviews the progress of the company's current portfolio holdings: Zonda, Incorporated, ActionView International and eStrategy Solutions.
"CLX will use a variety of venues to bring its story to a wider audience over the next several months, especially as its portfolio companies continue to grow and fulfill their respective business plans," stated Mr. McCoy. "While we have provided frequent information on the development of Zonda, ActionView, and eStrategy Solutions, there are certainly a large number of potential shareholders who have not yet seen the opportunity presented by CLX. Each of our portfolio companies are positioned to increase its value, and we will continue to support these efforts as we concurrently broaden awareness of CLX in the public markets."
The MacReport.Net is an information and media company that provides a Web-based forum for public and private issuers to communicate corporate audio and video news content to the business, financial and investing community through its website.
To view the CLX profile, shareholders are encouraged to visit www.themacreport.net and enter the company's name or stock symbol in the appropriate field.
To sign up to receive information by email directly from CLX Investment Company when new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.clxinvestments.com/email.asp.
About CLX Investment Company
CLX Investment Company (www.clxinvestments.com) holds a 49% interest in eStrategy Solutions, Inc. (www.estrategysolutions.com), a Texas-based e-learning provider that has developed online training solutions for government entities and other professional organizations. Also in the CLX investment portfolio is a 31% equity interest in Zonda, Inc. (www.zondaincusa.com), a privately held company that specializes in test products that serve the medical, bacterial food safety, cosmetic, beverage, pharmaceutical, veterinary, and environmental sanitation testing markets. CLX has invested, and holds a common stock position, in ActionView International, Inc. (www.actionviewinternational.com), a publicly traded global manufacturer and marketer of "smart" scrolling advertising billboards.
CLX has elected to be regulated as a Business Development Company pursuant to Section 54 of the Investment Company Act of 1940, and is pursuing a business plan wherein the Company seeks to make investment in developing companies with the goal of providing return for its shareholders.
All statements included in this release, including statements regarding potential future plans and objectives, of CLX Investments are forward-looking statements. Such statements are necessarily subject to risks and uncertainties, some of which are significant in scope and nature beyond CLX Investments' control. There can be no assurance that such statements will prove accurate. Actual results and future events could differ materially from those anticipated in such statements depending on many factors. Historical results are not necessarily indicative of future performance.
Contact: Gemini Financial Communications A. Beyer 951-587-8072 Contact via http://www.marketwire.com/mw/emailprcntct?id=0A7CB395A7AA2C54
SOURCE: CLX Investment Company, Inc.
Copyright 2006 Market Wire, All rights reserved.
UBAL .04 CENTS Corporation Signs Letter of Intent to Acquire Innovative Agricultural Concepts, LLC
Wednesday May 24, 4:52 pm ET
LAS VEGAS, NV--(MARKET WIRE)--May 24, 2006 -- Urbanalien Corporation (Other OTC:UBAL.PK - News) announced today that the Company has executed a Letter of Intent with Innovative Agricultural Concepts, LLC.
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Peter Verbeek, President and CEO of Urbanalien Corporation ("UBAL"), and Dr. Claude Page, President of Innovative Agricultural Concepts, LLC ("IAC"), are pleased to announce that UBAL and IAC have signed a letter of intent dated May 13, 2006, which sets forth the preliminary terms and conditions of a proposed merger transaction in which UBAL intends to acquire 100% of the issued and outstanding units of IAC (the "Acquisition") in exchange for shares of UBAL. The number of shares of UBAL stock to be received by the shareholders of IAC will be dependent upon certain events and conditions at the time of the closing. Prior to issuing the shares to IAC, the Company will undergo a restructuring that will include a CUSIP change and name change to Favored Corporation.
About Innovative Agricultural Concepts, LLC
IAC is a limited liability company formed under the laws of the state of Indiana, USA, having its head office at 7805 W. 900 N, West Lafayette, Indiana 47906. IAC was established in 2002 to market differentiated meat and grain products to niche markets, and has developed the FAVORED® system to brand its products in the marketplace. The FAVORED® system delivers wholesome, flavorful foods, managed with the assurance of being completely traceable from seed to plate. This system focuses on the input and output side of foods and the main traits that consumers desire, those being flavor, texture, marbling and products free from added growth hormones or antibiotics.
Based on its audited financial statements, IAC recorded gross revenues of approximately US$7.2 million and US$1.3 million in each of 2005 and 2004, respectively. For more information on Innovative Agricultural Concepts, LLC, visit www.favoredgrain.com as well as an informational video on products and services at www.favored.tv
About Urbanalien Corporation
Urbanalien Corporation is a development stage company. It intends to complete an asset acquisition, merger, exchange of capital stock, or other business combination with a domestic or foreign business.
Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, about UBAL. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, based upon the current beliefs and expectations of UBAL's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: the failure of the merger to be completed; changing interpretations of generally accepted accounting principles; continued compliance with government regulations; legislation or regulatory environments, requirements or changes adversely affecting the businesses in which IAC engaged; demand for the products and services that IAC provides; general economic conditions; geopolitical events; and regulatory changes, as well as other relevant risks detailed in UBAL's filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. UBAL assumes no obligation to update the information contained in this press release.
Contact:
Contact:
Aldo Rotondi
(888) 527-1193
--------------------------------------------------------------------------------
Source: Urbanalien Corporation
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SRLT CHINESE SHELL TAKE OVER
LOOKS LIKE A BIG WEEK COMING UP
LOL
Aquisition Cost to be paid with restricted stock. 6 million in revenue per year. This stock should be at a much higher price,
once completion of aquisition.
LOL
SRLT .05 cents Chinese takeover shell.
8K filed 12 million oustanding float 4 Million float
SRLT .05 cents Chinese takeover shell.
8K filed 12 million oustanding float 4 Million float
SRLT .05 cents Chinese takeover shell.
8K filed 12 million oustanding float 4 Million float
Did everyone sell today? Not even one post.