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Been on the bid all day with no luck, LOL
Gap is closing in now. The ask at .49 never gave, LOL!
Finally went down to .48
260 million in sales in 2006 and no one is trading it? Unbelievable!
Huge news for SLLI. WOW! 260 million in sales in 2006 by Tojen Holdings.
Darn thing keeps going up.
SLLI has huge merger news. Can't believe no one is trading it.
LOL! I've only put in a little bit on this so I guess I can afford to let it sit till hell freezes over.
Thanks, I will be holding until there actually is a merger consummated.
GM folks I am in at .018, hoping that Abe Grosman will make me a litle bit of money.
Sorell, Inc. Acquired by Tojen Holdings Limited
Sorell, Inc. (OTCBB: SLLI) today announced that it has finalized the terms of its acquisition of Tojen Holdings Limited based in Staffordshire, England. Upon completion of the acquisition projected in the next few weeks, the name of Sorell will be changed to reflect Tojen's business and the company's trading symbol will be changed to reflect the new name.
Tojen Holdings was formed in 2005 and through its wholly owned subsidiaries, Tojen Telecom Ltd and Electrex Ltd, Tojen distributes products from the world's leading electronics manufacturers including Nokia, Samsung, Sony Ericsson, Panasonic, Motorola, NEC, Bird, Siemens and HP. Customers include leading carriers and networks along with their affiliated service providers, resellers and distributors. Tojen is a rapidly emerging player in the multi-billion dollar telecommunications industry and has positioned itself as a telecommunications distribution network to take advantage of the worldwide surplus of state-of-the-art electronic commodities in Europe and Asia.
Tojen has enjoyed rapid growth due to the reputation and experience of its management and a streamlined logistics operation including freight forwarding and delivery direct to retail outlets with sales in 2006 at $260 million.
Tojen has developed a secondary focus through the creation of Tojen Portfolios LLC in Florida and A1 Portfolios Ltd in the UK. These two additional companies respectively service the exclusive distribution rights for the finest cigars from the Dominican Republic (worldwide except the USA) and the rights to supply branded motorcycles and apparel throughout Europe.
The Tojen growth strategy has been orchestrated by President and CEO Tom Adams, a motivated communicator with international experience in high technology products and services. Mr. Adams has had significant success in leading multiple sales teams together with a track record of contract negotiation at the most senior level. Tom was formerly recruited by the Pounds Sterling 9 billion Caudwell Group as UK manager, a role he expanded into Europe over three years building their telecommunications division to 300 employees working on T Mobile distribution. Tom later structured and developed the UK sales division of 20:20 Logistics which became the largest distributor of mobile handsets in Europe. It was these connections and his experience in negotiating the supply of product and services with major manufacturers that enabled him to structure supply and facilities management contracts with such names as Phones 4U, Great Universal Stores and Texaco.
With the acquisition of Sorell, Mr. Adams explained the scope of the opportunity: "Our core business will continue in areas where there are low barriers to entry" he stated. "Tojen's competitive advantage lies in our industry knowledge and the large number of established relationships with suppliers, buyers and regulatory authorities. The advantage for us will be the financial muscle that this transaction provides for our growth strategy. We have a capable management team that can create multiple profit streams with international penetration. We believe that Tojen represents a compelling risk/reward situation in its specialized segments of the global marketplace."
Bon Kwan Koo, Sorell's CEO advised that, "We are very excited by the potential of Tojen to bring a new marketplace and revenue stream to our shareholders. We believe that Tojen can take the company to an exciting level of growth. The acquisition of Sorell enables Tojen to participate in the public securities markets in the United States which can only help develop both their audience and their international growth strategy. This is a progressive move for all of our respective shareholders."
SLLU, Huge Acquisition news!
Sorell, Inc. Acquired by Tojen Holdings Limited
Sorell, Inc. (OTCBB: SLLI) today announced that it has finalized the terms of its acquisition of Tojen Holdings Limited based in Staffordshire, England. Upon completion of the acquisition projected in the next few weeks, the name of Sorell will be changed to reflect Tojen's business and the company's trading symbol will be changed to reflect the new name.
Tojen Holdings was formed in 2005 and through its wholly owned subsidiaries, Tojen Telecom Ltd and Electrex Ltd, Tojen distributes products from the world's leading electronics manufacturers including Nokia, Samsung, Sony Ericsson, Panasonic, Motorola, NEC, Bird, Siemens and HP. Customers include leading carriers and networks along with their affiliated service providers, resellers and distributors. Tojen is a rapidly emerging player in the multi-billion dollar telecommunications industry and has positioned itself as a telecommunications distribution network to take advantage of the worldwide surplus of state-of-the-art electronic commodities in Europe and Asia.
Tojen has enjoyed rapid growth due to the reputation and experience of its management and a streamlined logistics operation including freight forwarding and delivery direct to retail outlets with sales in 2006 at $260 million.
Tojen has developed a secondary focus through the creation of Tojen Portfolios LLC in Florida and A1 Portfolios Ltd in the UK. These two additional companies respectively service the exclusive distribution rights for the finest cigars from the Dominican Republic (worldwide except the USA) and the rights to supply branded motorcycles and apparel throughout Europe.
The Tojen growth strategy has been orchestrated by President and CEO Tom Adams, a motivated communicator with international experience in high technology products and services. Mr. Adams has had significant success in leading multiple sales teams together with a track record of contract negotiation at the most senior level. Tom was formerly recruited by the Pounds Sterling 9 billion Caudwell Group as UK manager, a role he expanded into Europe over three years building their telecommunications division to 300 employees working on T Mobile distribution. Tom later structured and developed the UK sales division of 20:20 Logistics which became the largest distributor of mobile handsets in Europe. It was these connections and his experience in negotiating the supply of product and services with major manufacturers that enabled him to structure supply and facilities management contracts with such names as Phones 4U, Great Universal Stores and Texaco.
With the acquisition of Sorell, Mr. Adams explained the scope of the opportunity: "Our core business will continue in areas where there are low barriers to entry" he stated. "Tojen's competitive advantage lies in our industry knowledge and the large number of established relationships with suppliers, buyers and regulatory authorities. The advantage for us will be the financial muscle that this transaction provides for our growth strategy. We have a capable management team that can create multiple profit streams with international penetration. We believe that Tojen represents a compelling risk/reward situation in its specialized segments of the global marketplace."
Bon Kwan Koo, Sorell's CEO advised that, "We are very excited by the potential of Tojen to bring a new marketplace and revenue stream to our shareholders. We believe that Tojen can take the company to an exciting level of growth. The acquisition of Sorell enables Tojen to participate in the public securities markets in the United States which can only help develop both their audience and their international growth strategy. This is a progressive move for all of our respective shareholders."
Just spoke with Raymond. He said that current OS is at 43,000,000 and the float is around 8,000,000. Possible definitve agreement next week. Let's hope this goes through.
GM folks, Anyone know the AS/OS and float pls?
STRU 0.25 Lorraine Bracco and Martha Stewart Demonstrate Heart-Healthy Cooking Featuring Bracco Wines on "The Martha Stewart Show"
Straight Up Brands, Inc. (PINKSHEETS: STRU) (the "Company") http://www.straightupbrands.com/, an emerging developer and international marketer of premium branded wines and spirits headquartered in New York, announced today actress Lorraine Bracco and host Martha Stewart will prepare a heart healthy meal of Coq au Vin featuring Bracco Wines' Montepuliciano in honor of the American Heart Association's national Wear Red Day on "The Martha Stewart Show," airing Friday, February 2nd (check local listings for time and station). Wear Red Day is a leg of the association's Go Red for Women campaign to raise awareness about heart disease in women.
"Both my mother and father suffer from heart disease," said Bracco, "so heart disease is a very personal issue for me and my family. I'm honored to do my part to help raise awareness about the importance of identifying and reducing risk factors, and motivate others to take action to protect their health."
Having lived in Europe for ten years, Lorraine was first exposed to the craftsmanship and tradition of winemaking and quickly became enamored with the process. While gaining acclaim for her acting prowess, she has continued to refine and develop her palette for fine wine and food while her respect for and interest for both have grown through the years. Lorraine handpicked eight notable Italian wines, from Pinot Grigio to Amarone, for release under the Bracco Wines label to share her passion and provide all levels of wine enthusiasts a trusted voice for quality.
Bracco Wines, which are available in select markets across the country, debuted last spring. Bracco Wine is a line of eight Italian wines that the Company owns and markets in collaboration with the actress Lorraine Bracco.
For more information about Bracco wines and availability, please visit www.BraccoWines.com
About "The Martha Stewart Show"
"The Martha Stewart Show" is a nationally syndicated, daily "how-to" series anchored by segments that entertain, inform and inspire. Shot in front of a studio audience, the hour-long program's format allows audience members, home viewers and special guests to participate and interact with host, Martha Stewart. Featuring movers, shakers and headline makers plus everyday people who've accomplished extraordinary things, "THE MARTHA STEWART SHOW" sheds new light on subjects including cooking and entertaining, decorating, and home renovation and provides a forum for Martha Stewart's sense of humor, love of fun and desire to teach. Martha Stewart and Mark Burnett are executive producers. The Emmy-winning series is produced by Martha Stewart Living Omnimedia and is distributed by NBC Universal Domestic Television Distribution to more than 95% of the country.
PGPM 0.023 Pilgrim Petroleum Reports 2006 Year End Financial Results, Record Revenues and Net Income
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM) (FWB: PHV) is pleased to announce its financial results for the fiscal year ended December 31, 2006. Exceeding expectations, Pilgrim's Net Revenues for the year totaled $1,471,507 as compared with $150,544 in 2005, an increase of more than 800%. Net Income was $516,814 compared with $38,601 last year, an increase of more than 1000%. Annualized return on average assets was 43.2% and return on average equity was 47.6% for the year ended December 31, 2006.
Additional highlights and current financial ratios are the following:
-- Net Profit Margin=35%. Pilgrim's management demonstrates its competitive edge by its cost structure control.
-- Still the company maintains its "No Debt" condition, keeping focus on its obligations solely to its stockholders.
-- Results of prospective resources are: Low-3.98 BCF, 996 MBbl; Best-7.32 BCF, 1,832 MBbl; and High-10.70 BCF, 2,676 MBbl.
-- Pilgrim's Estimated Future Net revenue (before income taxes) is $102,370,000 and a Net Present Value at 10% discount rate of $52,050,000.
Rafael Pinedo, President and CEO of Pilgrim Petroleum Corporation, commented, "2006 Results exceeded our expectations across the board, Pilgrim Petroleum is a young, fast growing company with great potential. These figures show record achievements in just one year. With this strong start, Pilgrim is committed to continue its growth pace and development of its properties for the new fiscal year. Approval of the company's buyback program, indeed reflects not only our strong belief that Pilgrim's stock is undervalued, given our current reserve prospect and economic evaluation, but also our commitment to shareholder's wealth maximization. Our next step is focused on our audited financial statements and SEC filings as well as management's update to shareholders about its 2007 Strategic Plan/Business Outlook and Exploration Program."
About Pilgrim Petroleum Corporation.
Pilgrim Petroleum Corporation (PINK SHEETS: PGPM) (FWB:PHV) is an independent oil and gas company based in Irving, Texas. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests primary on marginal fields. Once acquired, the company intends to redevelop each property to maximize the income from each property by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
GPKE 0.0015 Graystone Park Enterprises, Inc. Announces 1 for 1 Stock Dividend in Gray Publishing and Media, Inc.
Graystone Park Enterprises Inc. (PINKSHEETS: GPKE) announced today that it will be issuing a 1 for 1 (100%) common stock dividend in its wholly owned subsidiary Gray Publishing and Media, Inc., Casebriefs(TM) (www.eCasebriefs.com).
For every 1 share of GPKE (www.GPKE.com) that is owned, the shareholder will receive 1 share of Gray Publishing and Media, Inc. as a dividend. Graystone's management will announce a record date for the Gray Publishing and Media, Inc. dividend soon. In order to be eligible to receive the Gray Publishing and Media dividend, GPKE shares must be owned by the close of the market on the record date.
GPKE has previously distributed a 1 for 1 dividend in its subsidiaries IC Places, Inc. (PINKSHEETS: ICPL) (www.icPlaces.com) and Realco Partners, Inc. to all eligible shareholders. Gray Publishing and Media, Inc. will be the 3rd share for share dividend paid from GPKE to all eligible shareholders.
Gray Publishing and Media, Inc. is currently in the midst of its spring semester sales season. In addition, the company is in process of updating current content whose textbook titles have been revised. This will enable the company to have the most updated content available in the marketplace for the upcoming fall semester.
About Gray Publishing and Media, Inc.
Founded by David Gray in 1995, Casebriefs(TM) was the first-ever digital case brief software for law students. Gray was instrumental in building Casebriefs(TM) into the leading case brief software being sold in virtually every law school bookstore in the U.S. The Casebriefs(TM) www.eCasebriefs.com product line consists of study guide applications geared to assist the first year law student with explanations and analysis of those issues presented in the first year curriculum. By the fourth quarter of 2005, the Casebriefs(TM) product line became the most popular and the largest selling digital study aid content to the nation's first year law student population.
About Graystone Park Enterprises, Inc.
Graystone Park Enterprises, Inc. (www.GPKE.com) was founded to assist the small-business entrepreneur and their company in reducing the pitfalls that would normally stall a start-up or midsize company's growth. Graystone plans on acquiring companies that are in need of assistance, in order to dramatically increase its market share. Graystone will maintain a percentage of each subsidiary company. The GPKE Management Team has the knowledge, expertise, and resources to take many companies to the next level. In doing so, it is able to capitalize on various markets in order to maximize the return on its investment. The GPKE dividend distribution plan puts an emphasis on bolstering shareholder value through its sizeable equity dividends in each of its subsidiary companies.
The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Graystone Park Enterprises, Inc. and may differ materially from these statements due to a number of factors. Graystone Park Enterprises, Inc. 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 any investment decisions.
KABOOM!
I was excited at first but after DD, I saw one pinksheet company where he is involved in marketing and noticed that it is in the subpennies.
CCMI NEWS! (.0135) Complete Care Medical, Inc. Hires an Industry Giant to Manage Its Marketing and Advertising Campaigns
http://app.quotemedia.com/quotetools/popups/story.jsp
Complete Care Medical, Inc. (PINKSHEETS: CCMI) has completed an agreement with veteran media executive, Anthony Christopher, to implement and manage its advertising and marketing campaigns.
Mr. Christopher has spent more than 30 years in the media and advertising businesses, working with some of the most powerful brands on the planet -- as well as outside the planet -- NASA being a former client with whom he spearheaded a highly successful national campaign on behalf of the International Space Station.
Throughout his career, Mr. Christopher has produced commercials and other media campaigns for General Motors, Sony, Boeing, Nissan, Pepsi, Adidas, Wells Fargo, Bank of China, Kawasaki, Honda, Ford, Miller Brewing and many others. As the Founder and President of Neovision, he worked with Warner Bros. Records, Capital Record, Arista Records, Disney, 20th Century Fox, MGM and a variety of other entertainment companies, overseeing all production, advertising and public relations for a network of large digital advertising screens. Mr. Christopher also acted as a consultant with companies including Nissan, DSL.net, Boeing, Pepsi, and Cox Communications.
"I am excited about the opportunity to work with Complete Care Medical. We are not only developing a solid business model that will ultimately bring both expansive revenues and shareholder value to the company and its shareholders -- but working to provide extremely valuable products and services to people who really benefit from them. To be part of building a company while helping people live better lives is a combination that can't be beat," said Anthony Christopher.
"Our company is in a patient acquisition mode, we have always sought out the best people to fill our most important positions and we could not be more excited to have someone with the proven experience, industry knowledge and contacts that Mr. Christopher brings to the CCMI team," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.
Complete Care Medical, Inc. is goal oriented to provide cost effective and convenient direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company's focus is disease specific medical supplies, pharmaceuticals and nutrition.
About Complete Care Medical, Inc.
Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals, and patients easy access to utilization and compliance data in order to improve patient outcomes and quality of life. Website: www.ccmedicalinc.com
Forward-Looking Statements: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.
CCMI NEWS! (.0135) Complete Care Medical, Inc. Hires an Industry Giant to Manage Its Marketing and Advertising Campaigns
http://app.quotemedia.com/quotetools/popups/story.jsp
Complete Care Medical, Inc. (PINKSHEETS: CCMI) has completed an agreement with veteran media executive, Anthony Christopher, to implement and manage its advertising and marketing campaigns.
Mr. Christopher has spent more than 30 years in the media and advertising businesses, working with some of the most powerful brands on the planet -- as well as outside the planet -- NASA being a former client with whom he spearheaded a highly successful national campaign on behalf of the International Space Station.
Throughout his career, Mr. Christopher has produced commercials and other media campaigns for General Motors, Sony, Boeing, Nissan, Pepsi, Adidas, Wells Fargo, Bank of China, Kawasaki, Honda, Ford, Miller Brewing and many others. As the Founder and President of Neovision, he worked with Warner Bros. Records, Capital Record, Arista Records, Disney, 20th Century Fox, MGM and a variety of other entertainment companies, overseeing all production, advertising and public relations for a network of large digital advertising screens. Mr. Christopher also acted as a consultant with companies including Nissan, DSL.net, Boeing, Pepsi, and Cox Communications.
"I am excited about the opportunity to work with Complete Care Medical. We are not only developing a solid business model that will ultimately bring both expansive revenues and shareholder value to the company and its shareholders -- but working to provide extremely valuable products and services to people who really benefit from them. To be part of building a company while helping people live better lives is a combination that can't be beat," said Anthony Christopher.
"Our company is in a patient acquisition mode, we have always sought out the best people to fill our most important positions and we could not be more excited to have someone with the proven experience, industry knowledge and contacts that Mr. Christopher brings to the CCMI team," said J.P. Monteverde III, President and CEO of Complete Care Medical, Inc.
Complete Care Medical, Inc. is goal oriented to provide cost effective and convenient direct-to-consumer medical products and services that maximize revenue opportunities for its partners and shareholders. The company's focus is disease specific medical supplies, pharmaceuticals and nutrition.
About Complete Care Medical, Inc.
Complete Care Medical, Inc. provides patients in all 50 states with lower cost alternatives for disease management, medical supplies and prescription pharmaceuticals. In addition, Complete Care Medical's discount services and medication program offer healthcare payers, healthcare providers, healthcare professionals, and patients easy access to utilization and compliance data in order to improve patient outcomes and quality of life. Website: www.ccmedicalinc.com
Forward-Looking Statements: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties.
FCCN NEWS-
Franchise Capital Corporation Files Form 8-K on Sale of Securities With Terms of Escrow
CEO Interview Scheduled for After Filing of Definitive 14A Proxy
Jan 30, 2007 8:56:00 AM
TEMECULA, CA -- (MARKET WIRE) -- 01/30/07 -- Franchise Capital Corporation (PINKSHEETS: FCCN) has filed a Current Report on Form 8-K with the Securities and Exchange Commission regarding the issuance of shares into escrow as part of debt settlement and stock purchase agreement with Golden Gate Investors.
The 8-K reports that from December 1, 2006 through January 29, 2007, under a stock purchase agreement between Golden Gate and the company dated October 31, 2006, Franchise Capital issued a total of 186,376 shares of Rule 144 restricted common stock to Golden Gate in exchange for cash of $186,376. Pursuant to the terms of the purchase agreement, Golden Gate is required to purchase $100,000 of the company's restricted common stock at a price of $1.00 per share for every $10,000 in convertible debentures paid down by the company.
The shares issued to Golden Gate were from an escrow set up as part of a settlement agreement between the Franchise Capital and Golden Gate relating to a June 25, 2004 debenture, and were issued with a restrictive legend pursuant to Rule 144. Under the terms of the escrow, Golden Gate is able to draw down shares in satisfaction of the debenture provided that it does not own or control more than 4.9% of the total issued and outstanding common shares of the company. The debenture is redeemed at a price per share equal to an average of the five lowest closing bid prices over the 45 days preceding the redemption request. The shares remaining in escrow are voted by the Company's Board of Directors. From December 14, 2006 though January 24, 2007, the Company paid down $18,636 of a convertible debenture dated June 25, 2004 through the issuance of 83,121,521 shares of restricted common stock. As of January 29, 2007, a total of 765,270,212 shares remained in escrow and the unredeemed balance on the debenture was $203,291.
Once the entire debenture has been redeemed, any shares remaining in the escrow will be returned to the Company's treasury and cancelled.
"The escrow agreement was designed to allow Franchise Capital to set aside a sufficient number of shares to cover both the settlement of debt and to allow access to capital as the company moves forward with its acquisition of Aero Exhaust," said Steven R. Peacock, chief executive officer of Franchise Capital Corporation. "By issuing the shares into escrow, the company is able to limit the release of the shares while paying down the remaining debt and maintaining voting control of the escrow shares."
"Management strongly believes that settling the debt to Golden Gate through the escrow, rather than to allow for massive dilution through the issuance of these shares without conversion limitations, is to the benefit of shareholders and will ultimately reduce the number of shares involved in the transaction. By coupling the debt settlement with the stock purchase agreement, Golden Gate became more than just a creditor -- it has developed into a financing partner with a vested interest in the future of the company," stated Mr. Peacock.
"We do realize that the terms of the escrow are somewhat complicated, and I look forward to personally addressing the most commonly asked shareholder questions in an upcoming interview. The interview will be scheduled for a date subsequent to the filing of the Definitive 14A, which we expect to occur very shortly," added Mr. Peacock.
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other new material is issued by the company, including Mr. Peacock's upcoming interview, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2005 filed with the Securities and Exchange Commission.
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
Email Contact
oops! Just catching up with the posts. I realize you just posted it.
I guess you will see us after the surgery then, LOL!
Yeehaaw! GENTLEMEN, START YOUR ENGINES!
The 8-k was kind of what I thought it was going to be. Just an announcement of a definitive agreement without the terms of acquisition yet. In the interim, we are going to get a blitz of some very juicy PRs in the following days. We’ll probably even get a PR stating the revenues/unaudited numbers of AERO, thus giving us a clearer picture on the value of AERO. The pps steadily climbs just before the announcement of the terms, and by then FCCN’s pps should be close to the actual value of AERO’s pps.
Here is the SEC filing link
http://www.sec.gov/Archives/edgar/data/1160598/000126246307000011/fccn8kitem101.htm
8-K 1 fccn8kitem101.htm ITEM 1.01 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 12, 2007
FRANCHISE CAPITAL CORPORATION
(Exact name of registrant as specified in its charter)
Nevada
(State or other jurisdiction of
incorporation or organization)
98-0353403
(IRS Employer Identification No.)
43180 Business Park Drive, Suite 202
Temecula, CA 92590
(Address of principal executive offices)
(951) 587-9100
(Registrant’s telephone number)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ]
Written communications pursuant to Rule 425 under the Securities Act
[ ]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
[ ]
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
[ ]
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 12, 2007, Franchise Capital Corporation (the “Company”) executed a definitive agreement with TTR HP, Inc. d.b.a. Aero Exhaust, Inc. (“Aero”) which calls for a share exchange of common stock between the Company and Aero. Under the terms of the definitive agreement, the Company can exchange up to 95% of its total capital stock for up to 100% of the total capital stock of Aero. The specific share amounts will be determined at closing, which is anticipated to take place once the Company is current with its financial statement filings and Aero has completed an audit of its historical financial statements, presently anticipated for the second quarter of 2007.
In conjunction with executing the definitive agreement, the Company agreed to a revolving commercial loan to Aero in the amount of $1,500,000, of which $850,000 was drawn down on January 12, 2007. The loan bears interest at the prime rate and is due and payable in 18 months. Notwithstanding the payment terms, the loan and any accrued interest are convertible into Aero common stock at the time the share exchange closes.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information.
Not applicable.
(c) Exhibits.
Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned here unto duly authorized.
Date: January 16, 2007
Franchise Capital Corporation
By: /s/ Steven R. Peacock
Steven R. Peacock, Interim Chief Executive Officer
You're welcome!
You are right. My point was to let people know they have been doing this constantly.
What da? 3.33 million at .0523?
Filings!
Form 4 -- Statement of changes in beneficial ownership of securities.
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001114655&owner=include&c...
Up 50%. Nice...
VFIN is like a freaking cop that just pulled over a speeding vehicle (with AERO exhaust of course). I can picture him saying
"Stop! Where do you think you are going?"
Hey! We are alive and kicking today. What's the deal?
IMO, we will see that soon.
Can't believe no one is talking more about that PR. Looking forward to see which national big box retail chains Rockford Montgomery can get for AERO. I will say again, NATIONAL BIG BOX RETAIL CHAINS!
SALT LAKE CITY, Utah, Aug. 25 /PRNewswire/ -- Aero Exhaust has reached an exclusive distribution agreement with Rockford-Montgomery, Inc. This agreement allows Rockford-Montgomery to exclusively distribute the Aero Exhaust product to the national big box retail chains.
"We are extremely excited to partner with Aero Exhaust, utilizing our seasoned sales team to bring their products to mass retail accounts and rapidly expand Aero Exhaust's automotive chain store and Internet sales. Aero has done an incredible job developing a product that will greatly serve the mass market, especially with today's gas prices and Aero products' capability to increase fuel mileage by up to 15%. We are prepared to immediately activate the Aero brand utilizing all of our marketing assets that are positioned exclusively for the NASCAR fan and retailers nationwide. There will be several announcements this week pertaining to what these assets are and how they will tie in to the Rockford-Montgomery stable of brands," said Michelle Shearer, CEO of Rockford-Montgomery Labs.
I thought we are on an AEROplane? I've already got my seatbelt fastened. LOL!
Looks good :) em
Howdy? We are almost at the end here and I really have not seen any red flags yet. The only flag I see is the checkered flag at the finish line. Everything looks good so far. Hope you all have a ticket for the great ride on our AEROplane.
Thank you so much for sharing. You and your board are marked. I wish you would use the email alert from your board if a new R/M stock is discovered.
Yes, they are legal in all 50 states. Check-out the FAQ at www.aeroexhaust.com
http://www.aeroexhaust.com/faq.html#q4