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come on dan it is time to get aido going
pre market looks great
NEWS
Date : 01/24/2011 @ 8:00AM
Source : Business Wire
Stock : EGPI Firecreek, Inc. (EFIR)
Quote : 0.009 0.0 (0.00%) @ 7:37AM
Global Advertising Agency Awards EGPI Firecreek, Inc. Subsidiary Terra Telecom a Contract to Manage Their IP/PBX Communicatio...
Egpi Firecreek (OTCBB:EFIR)
Intraday Stock Chart
Today : Monday 24 January 2011
Click Here for more Egpi Firecreek Charts.
EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce that a global advertising agency awarded Terra Telecom Inc. the contract to manage their IP/PBX communications network.
The global agency is a major player in the advertising business. With some of the world’s largest companies as customers the agency produces some of the most recognizable ad campaigns in the world. Their client list includes a who’s who of fortune 500 companies.
The agency had been on the Centrex network for years. Although they were comfortable with the long standing service, the Centrex system had limited feature packages, a restricted system management, and high monthly recurring costs. The agency needed a feature rich VoIP platform with powerful network management tools and a lower monthly recurring cost. They chose an enterprise class VoIP PBX. The massive capacity and incredible flexibility of the VoIP PBX will now fit the agency’s needs and more.
As important as the technology, was the technology partner needed to keep the platform running. In the dynamic and demanding environment of worldwide advertising, communication continuity is paramount. Having made the move to a modern VoIP phone system that could leverage their existing data network, the agency sought the right partner that could service such a system.
After evaluating and working with different partners, the agency selected Terra Telecom. Terra had the right mix of technical expertise and personalized customer service to suit the needs of a global advertising agency. Additionally, Terra has technical resources located across the nation, and can service the agency’s offices across New England. As a result, both the VoIP network and the customer/vendor relationship have received high marks from the agency.
Wade Clark, CEO of Terra Telecom stated, “It is exciting to work with a global ad agency, whose client list displays some of the world’s most prestigious brands. The challenges of a fast paced global advertising agency fit hand-in-glove with Terra’s vast technical expertise, commitments to quality, performance and superior customer service.”
In addition to this recent contract, Terra has branched out on a more global scale by filling additional orders with companies in the banking and airline industries located in France.
About Terra Telecom
Terra is an industry leader in value creation for each of their clients and stakeholders. Terra’s enterprise business has experienced exponential sales volume and revenue growth since January 2005 with year-to-year revenue growth averaging 46.6% over 2005, 2006 and 2007. The revenue growth fueled by increases in the volume and scope of jobs created the need for significant infrastructure growth. In 2006 Terra relocated its company headquarters to a modern, 25,000-square-foot facility in Tulsa, Oklahoma. This facility provides the Company the space to continue growth and the ability to manage operations throughout the nation.
Terra Telecom also works with the United Nations delivering voice products to several countries and the Texas Dept. of Transportation, which will bring significant opportunities to EGPI through various ITS/DOT opportunities.
For more information on Terra Telecom, please go to:
http://www.terratele.com
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the D.O.T. Construction and Intelligent Traffic System markets through South Atlantic Traffic, Inc. (SATCO) alongside its wholly owned subsidiary M3 Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and for oil and gas servicing business through its wholly owned subsidiary Chanwest Resources, LLC (CWR). EGPI Firecreek, Inc. is also looking to expand into alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.
chart looks ready to go up thanks soldier
all the news releases read like we should have 20-25 mil in revenue this year
if that is the case the stock price will reflect sooner than later
glta
should be up from here
I noticed the insiders bought/took pay in shares in june this year
at .0042-.0058 before the 50 to 1 split
now makes their break even / cost .21 cents- .29 cents per share
That would be a nice share price
any exsisting shareholders (presplit) are 5-50 cents cost per share
glta
The split is over and done
It rolled back 50 to 1 in november
this is the new structure
should be a tight float with 24 million outstanding
go efir keep the news rolling
glta
More News at 800pm ?
EGPI Firecreek, Inc. Subsidiary Terra Telecom Provides Call Center Solutions to Cut Costs & Increase Efficiency for a New Eng...
Date : 01/12/2011 @ 7:56PM
Source : Business Wire
Stock : EGPI Firecreek, Inc. (EFIR)
Quote : 0.0118 0.0023 (24.21%) @ 3:57PM
EGPI Firecreek, Inc. Subsidiary Terra Telecom Provides Call Center Solutions to Cut Costs & Increase Efficiency for a New Eng...
Egpi Firecreek (OTCBB:EFIR)
Intraday Stock Chart
Today : Wednesday 12 January 2011
EGPI Firecreek, Inc. (OTCBB: EFIR) is pleased to announce that a municipal utility company located in New England chose Terra Telecom
Inc. to implement a screen POP solution in order to help call center agents better service inbound customer calls.
Because of this new state-of-the-art system, agents can now see the caller’s account information
by associating the customer’s phone number with the utility customer’s records. This amounts to less waiting for customers and less time on each call for the call center agents.
With over 150 employees and over 100,000 customers, the municipal utility company provides electricity, water, wastewater and fiber-optic telecommunications services to the New England area. Because of recent growth, the utility company has continued to search for ways to better serve its customers.
With this goal in mind, they began to implement an application designed to streamline all of its main business processes. As part of this strategy, they decided to leverage the flexibility of their IP/PBX voice platform. A screen POP solution looks at the customer’s phone number when they dial in, retrieves the customer’s account information, and presents that information to a customer service representative’s computer screen before the call is answered. This solution provides tremendous efficiency for the call center agents and offers the customers faster response times.
Because of the ongoing relationship Terra has had with this utility company, they were a natural choice to implement the screen POP solution. Terra originally took over maintaining the utility’s voice network in 2006. Since that time, the voice network has been upgraded and continues to grow by serving customers from State and Local government as well as commercial businesses. Terra’s knowledge of the network, a productive working relationship with the municipal utility’s staff, and depth of experience implementing complementary technologies has allowed the project to be completed on time and within budget.
Wade Clark, CEO of Terra Telecom, stated, “This project provides a clear illustration of how technology can be used to not only to save money for an enterprise company, but also significantly improve the end user experience.” He also stated, “Our ongoing relationship with this utility company is an excellent example of how we develop long-term relationships while providing state-of-the-art technology that helps to meet and exceed specific needs with our clientele.”
Been a long wait
but I think it is all up from here!
WOW WOW !!
we have Numbers confirmed
Advanced ID Corporation and NovaMeric Ltd. Add Revenue Details and New Products
2010-05-14 09:30 ET - News Release
CALGARY, AB -- (MARKET WIRE) -- 05/14/10
Advanced ID Corporation (OTCBB: AIDOE) a leading developer of RFID solutions for supply chain applications, fleet operations, animal tracking and tire management, and NovaMeric Ltd., a leading product supplier and product development company, have added revenue details and specific new products as part of the formation of the new company.
NovaMeric's total revenue in the past twelve months exceeded $3,500,000 US and the company was profitable. Products being sold and under development include solar powered voter registration systems for the UN, a biometrics based voter registration system, a split DIN smart meter and a residential power meter system with home automation capabilities.
The NovaMeric total revenue forecast for the new company for the next twelve months is $4,000,000. The company will be profitable even though its investment in research and development will be sizable. Various patent applications have been prepared and submitted and will result in IP owned by the new company.
Advanced ID has seen considerable improvement in its revenue plan since the beginning of 2010 and is forecasting a twelve month $1,000,000 revenue contribution to the new company. The products enjoying new interest include tire tags for tire management, belt tags for conveyor security applications, cattle tags for livestock tracing and all of the UHF readers designed for the applications.
A new Advanced ID website has just gone live and reflects the new vitality of the product line and the new customers. It also highlights the new strength of our South American market.
According to Dan Finch, Advanced ID's president, "Our development of the operational, revenue and product plans for the new company is progressing well. Our primary objective at this time is to raise the funds required to get the new company up and running in accordance with our agreement with NovaMeric. We have a plan in place and expect to meet the NovaMeric requirements by early June."
Advanced ID Corporation, (www.advancedidcorp.com) provides global RFID solutions. Areas of focus include the industrial supply chain using the Company's proprietary technology for RFID tags and readers, which have been developed in cooperation with its Advanced ID Asia Engineering development partner in Chiang Mai, Thailand.
NovaMeric Ltd. (www.novameric.com) develops its products in South Africa and undertakes production in Asia and elsewhere for high volume products. The products will now be sold through the new company utilizing the marketing and sales resources of both NovaMeric and AIDO.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the Company's plans, beliefs and estimate as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the Company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
Contact information:
Dan Finch
dan.finch@advancedidcorp.com
1-214-755-0932
Advanced ID Corporation and South Africa Based NovaMeric Ltd. Announce Formation of New Company
2010-04-28 09:00 ET - News Release
CALGARY, AB -- (MARKET WIRE) -- 04/28/10
Advanced ID Corporation (OTCBB: AIDOE), a leading developer of RFID solutions for supply chain applications, fleet operations, animal tracking and tire management, and NovaMeric Ltd., a leading product supplier and product development company, have signed a Sales and Operating Agreement establishing a new US corporation that will capture the revenue of both companies.
NovaMeric supplies a range of innovative, leading edge products that will provide early revenue for the new company. NovaMeric is focused in providing high technology smart building and home automation products, mobile communications devices, active mobile asset tracking systems and a comprehensive product line including electronic voting machines and voter identification for sales around the world. Sales in 2010 and beyond will include energy management solutions, sophisticated elections technologies, off-grid energy supply infra-structure components, as well as other innovative products.
AIDO is active in South America, where the RFID tire management business is gaining widespread acceptance and livestock RFID tracking in an area of the world that has more cattle then people. Those sales will provide early revenue for the new company.
Dan Finch, Advanced ID's president says, "Advanced ID has been working with NovaMeric for almost a year to develop the appropriate corporate structure for the new company. It is important that the resources of both NovaMeric and AIDO be fully committed to the new company. I am delighted to be able to say that we have succeeded. The new company will enjoy early revenue and significant growth over the next year or so in a variety of new markets."
Gerhard Mynhardt, the Managing Director of NovaMeric and the President and CEO of the new company, adds, "We will use our proven ability to innovate highly functional solutions for the sectors which we address. Our aim, furthermore, is to provide quality products and service to our customers. An ability to rapidly adapt to market demand, along with flexibility to give our customers what they require to be successful in their own businesses, will be a cornerstone of our strategy to achieve growth via an expanding base of satisfied customers."
Advanced ID will own 40% of the new company and NovaMeric will own 60% of the new company. Advanced ID has an initial $100,000 requirement to fund the new company, due in 45 days. This provides for the appropriate ownership of the products that NovaMeric is contributing to the new company. The transaction is subject to the necessary regulatory approvals.
Advanced ID Corporation, (www.advancedidcorp.com) provides global RFID solutions. Areas of focus include the industrial supply chain using the Company's proprietary technology for RFID tags and readers, which have been developed in cooperation with its Advanced ID Asia Engineering development partner in Chiang Mai, Thailand.
NovaMeric Ltd., (www.novameric.com) develops its products in South Africa and undertakes production in Asia and elsewhere for high volume products. The products will now be sold through the new company utilizing the marketing and sales resources of both NovaMeric and AIDO.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the Company's plans, beliefs and estimate as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the Company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
Contact information:
Dan Finch
danf@advancedidcorp.com
1-214-755-0932
I thought I seen they had added contact info
but now I can't find it ?
Just got this e-mail from the company
Dear AIDO Investor;
Please note that the following message will be posted to the Advanced ID website within the next 24 hours.
Presidents Announcement, October 19, 2009
Advanced ID Corporation has completed, on schedule, the third payment to LaJolla Cove Investors as part of the Sept 3, 2009 settlement agreement between the two companies. Advanced ID continues to move forward on several significant revenue opportunities and related announcements will be made in the near future
We appreciate your continued support and will keep you informed.
Regards, Dan
Dan Finch, President/CEO
Advanced ID Corp.
Calgary, AB Canada
Kenosha, WI USA
1-214-755-0932
wickw50
I hope your are right.... and that .11 is just a new starting point for aido
it will sure beat .03
But we are a dime or better for sure without LaJolla around
Hey all
Hawaii50
I think you are wrong about La Jolla
and The future of aido
found this on their website
IT Put a smile on my face
LATEST NEWS
Presidents Announcement, October 6, 2009
Advanced ID Corporation has completed, on schedule, the second payment to LaJolla Cove Investors as part of the Sept 3, 2009 settlement agreement between the two companies. Advanced ID continues to move forward on several significant revenue opportunities and related announcements will be made in the near future
1.2 million traded at .028 yesterday
looks like a new bottom and a new investor
good things ahead
sounds like revenue has started with the earth search deal
sure glad the question of the pinks is gone, now that aido has filed
monday should be lots of fun
10 Q Filed
should be fun mon/tue
Time to move up
Traderlong
NEWS
Advanced ID Corp. Announces AutoSearchRFID, a Pioneering Supply Chain Management Product, in Conjunction With EarthSearch Communications
Press Release
Source: Advanced ID Corporation
On Wednesday September 16, 2009, 8:30 am EDT
CALGARY, AB--(Marketwire - 09/16/09) - Advanced ID Corporation (OTC.BB:AIDO - News) (OTC.BB:AIDOE - News), a leading developer of RFID solutions for supply chain applications, announces its partnership with Atlanta-based EarthSearch Communications, Intl. and a new revolutionary product called AutoSearchRFID. AutoSearchRFID is the world's first integration of GPS and RFID at the hardware level and not only provides real time tracking of trucks, buses and ships, but of the contents in the vehicle. For the first time, the fleet provider can not only monitor the location of the trucks but monitor the movement of the packages and boxes in the trucks while in transit. The technology has also been implemented for school buses and can be used for managing the safety of student bus riders as well as efficiency of the bus fleet. Parents can receive instant notification of successful pick up and drop off of students traveling on the school bus, with real time where-and-when data recording.
Kayode Aladesuyi, President/CEO of EarthSearch, stated, "We at EarthSearch are very excited about introducing AutoSearchRFID on a global basis. This unique combination of GPS and RFID, along with the user friendly GPRS interconnections via international cellular networks, provides a product that offers the fleet operator unparalleled visibility of the supply chain and the contents of fleet vehicles on a real time basis. Advanced ID has been proactive in providing the product that meets EarthSearch's requirements and our two companies have signed a two year agreement. EarthSearch will use one of Advanced ID's devices on an exclusive basis for specific application of the solution."
Dan Finch, Advanced ID's President, added, "AID has been working on this partnership for several months and we can announce that EarthSearch has conducted successful trials and are enjoying early sales in Dubai, the U.S., South America and Portugal. AID has signed a two year agreement to provide RFID readers for AutoSearchRFID. We currently have purchase orders from EarthSearch for 1,200 readers, with the first release to be shipped within the next 60 days. The two companies are working together to sell AutoSearchRFID and are actively setting up distributors in several important countries. Our corporate websites will be expanded to reflect our new partnership."
About Advanced ID Corporation: Advanced ID Corporation (OTC.BB:AIDO - News) (OTC.BB:AIDOE - News) (www.advancedidcorp.com) provides global RFID solutions. Areas of focus include the industrial supply chain using the Company's proprietary technology for RFID tags and readers, which have been developed in cooperation with its Advanced ID Asia Engineering development partner in Chiang Mai, Thailand.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the Company's plans, beliefs and estimate as to projections are "forward-looking statements." Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the Company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
Contact:
For additional information, contact:Dan Finchdanf@advancedidcorp.com
Great trading
love the 55k buy with a minute left of the markets
0.041 50000 OBB 15:58:53
0.041 5000 OBB 15:58:44
0.041 1000 OBB 15:27:07
0.035 12000 OBB 15:07:04
0.0439 1000 OBB 14:31:40
0.0439 1000 OBB 13:57:20
0.0439 1000 OBB 13:38:06
0.0439 2000 OBB 13:36:52
0.0439 1000 OBB 13:34:22
0.0439 1000 OBB 13:33:49
0.0439 1000 OBB 13:32:15
0.044 1000 OBB 13:30:47
0.04 35000 OBB 13:30:25
0.04 5000 OBB 13:30:02
0.04 10000 OBB 13:29:21
0.04 25000 OBB 13:27:45
0.04 6000 OBB 13:27:22
0.04 2000 OBB 13:26:27
0.039 3000 OBB 13:24:20
0.039 10000 OBB 13:23:37
0.039 5000 OBB 13:22:55
0.039 5000 OBB 13:22:24
0.039 1000 OBB 12:22:34
0.038 5000 OBB 12:20:30
0.039 5000 OBB 11:27:08
0.039 10000 OBB 11:01:25
0.039 5000 OBB 10:55:31
0.039 10000 OBB 10:52:26
0.039 100 OBB 10:52:12
0.039 5000 OBB 10:46:48
you are right
should continue through next week as our E is dropped
I am around and have been, right back to the days of $1.30 per share
I never sold a one all the way down (I should have)
But I did average down along the way
not looking for a buck plus anymore
but a quarter would be great
should be a fun couple of weeks ahead
Nice to see some new investors aboard for the ride
Nice to see aido is still alive
some good action the last few days
when the E is gone, hopefully we move back to double digits
Us shills may survive after all
NEWS !!!
Advanced ID Corp. Enters Into Settlement Agreement to Terminate Debenture Agreement With La Jolla Cove Investors
Date : 09/08/2009 @ 10:44AM
Source : MarketWire
Stock : Advanced ID Corporation (AIDOE)
Quote : 0.028 0.003 (12.00%) @ 8:06AM
Advanced ID Corp. Enters Into Settlement Agreement to Terminate Debenture Agreement With La Jolla Cove Investors
CALGARY, AB -- (Marketwire) -- 09/08/09 -- Advanced ID Corporation (OTCBB: AIDO), a leading developer of RFID technology for supply chain applications, announced today the settlement agreement that terminates its convertible debenture funding agreement with La Jolla Cove Investors. Terms of the agreement were not disclosed.
Terry Fields, the Advanced ID Board of Directors member who represented the Company in the negotiations, stated: "We worked well with La Jolla Cove over the last nine months but we felt that the Company needed to move in a new direction. We are confident about the future revenue prospects for the Company and are better positioned to move forward as planned."
Dan Finch, Advanced ID's President, added: "The global economy has experienced significant challenges the last year and Advanced ID has not been spared the effects of the virtual meltdown of the tire industry. Our RFID tire tag product line is moving forward, but much slower then anticipated when the Company pioneered its development in 2006. Advanced ID is repositioning its efforts away from the tire industry at this time and our business requirements are being modified accordingly. To this end, while we appreciate the cooperation of La Jolla Cove during the most difficult period of late 2008 and 2009, we are encouraged to have signed this settlement agreement and emerge with a more focused approach for marketing our impressive RFID supply chain technology."
Advanced ID announces also that the company will file its quarterly 10Q for the period ended June 30, 2009 after the normal due date. The company's shares are temporarily trading under the symbol AIDOE.OB, but will revert back to AIDO.OB once the filing is made public. The quarterly results will be filed shortly.
About Advanced ID Corporation: Advanced ID Corporation (OTCBB: AIDO) (www.advancedidcorp.com) provides global RFID solutions. Areas of focus include the industrial supply chain using the Company's proprietary technology for RFID tags and readers, which have been developed in cooperation with its Advanced ID Asia Engineering development partner in Chiang Mai, Thailand.
Safe Harbor Statement: Statements in this press release other than statements of historical fact, including statements regarding the Company's plans, beliefs and estimate as to projections are "forward-looking statements". Such statements are subject to certain risks and uncertainties, including factors listed from time to time in the Company's SEC filings, and actual results could differ materially from expected results. These forward-looking statements represent the Company's judgment as of the date of this release. Advanced ID Corporation does not undertake to update, revise or correct any forward-looking statements.
Contact:
Dan Finch
danf@advancedidcorp.com
<< Back
can not believe this is only trading at .30
with all the media attention and things in the works re isotopes
admd should be at its all time high over the dollar mark
we will see what the next month or two brings
I am holding my shares for a much higher price
Nice to see some action again
if we get positive news
we should spring back above a dime
I would say you hawaii50 are a shill based on definition
you held over 2 million shares and reading all your posts
you were very positive about aido until recently
were you hoping the price would go up when you were posting postive things and potential news, or down, either way makes you and any one who posts a shill.
disclaimer : I want aido to go up in price
Just tell us what you know!
I only know what I read in the filings
please sell out so you can move on
I have bid lots between .02 and .0222 that will take what you have left.
please enough negativity
yes aido is not in great shape
but they do have a pulse, so I am averaging down.
we will all know in a few months who was right.
an e-mail I just received
any comments
Dear Investors,
In the last few weeks, I have been getting several emails and phone calls from you regarding insinuations and accusations of my financial conduct posted on a blog. I have not replied taking the high road knowing they are all the figments of imagination of an irate investor who like all of us have lost a considerable amount of money in the stock market. I tried contacting the investor but he would not respond.
The enclosed email include questions from an investor and my response. I hope this will clear the air and allow us to move forward into productive endeavors rather than spending our time on nonsense.
Dear L,
See my answers below IN CAPITALS.
---- L wrote:
> Hawaii 50 oninvestorshub says he was your best freind and now has
> turned 100 percent against you..... what is that reason,HE INVESTED
> IN AIDO LIKE ALL OF US AND SOMEHOW HAS GOTTEN IT INTO HIS MIND
> THAT I HAVE EMBEZZLED FUNDS,STOLEN MONEY, HAVE HIDDEN BANK ACCOUNTS IN
> CHINA-ALL FIGMENTS OF HIS IMAGINATION. NONE OF IT IS TRUE AND FRANKLY
> MANY OF MY FRIENDS WONDER IF HE HAS LOST HIS SANITY...WE ARE A PUBLIC
> COMPANY, ALL MONEY IS ACCOUNTED FOR AND AUDITED BY AN INDEPENDENT
> AUDITOR THAT REPORT THEIR FINDINGS TO THE SEC. and what happened to the
> 200k that was paid to dcct in china and was all the propaganda pic
> with you and chinese fr chinese benifet or what.and why don't we hear
> of any sales or anything that is going on. THE DDCT INVESTMENT WAS A
> LOAN TO DDCT FOR THE DEVELOPMENT OF PRODUCT AND THE DEVELOPMENT OF THE MARKET IN CHINA.EVERY CENT WENT DIRECTLY TO DDCT AND UNFORTUNATELY DDCT DID NOT BRING IN THE REVENUE HE PROMISED US. WE HAVE DECIDED WE CANNOT CONTINUE TO SUPPORT DDCT AND HAVE ASKED FOR THE NEXT 3 ALTERNATIVES. 1, PAY BACK THE MONEY THAT WAS LOANED TO YOU. 2. GIVE US PRODUCT TO EQUAL THE MONEY THAT WAS LOANED TO YOU.3. A COMBINATION OF 1 AND 2. IF NOT, WE ARE PREPARED TO SEEK LEGAL CLAIMS TO THE LOAN..........your investors deserve more then we are getting.......... last falls announcements of pneu- logics and Dcct has cost me a lot of money and it is time we getsome accountability on what is really going on. THE SAME SITUATION OCCURED WITH PL. LOT'S OF PROMISES, VERY HEAVY OVERHEAD AND VERY LITTLE SALES. AFTER THE CRASH, WE DECIDED THAT AS LONG AS WE HAVE THE PROBE, WHICH IS THEIR SOLE PRODUCT AND LAREN WILL CONTINUE TO SELL OUR TAGS IN EUROPE, WE HAVE A BETTER DEAL.
L
ANY OTHER QUESTIONS?
SEYMOUR
where aido is at today
Hawaii50 is the 200k to the chinese bank
the same as the one in the anual report
if it is not we would like to know
NOTE 13 - DDCT ACQUISITION
On August 29, 2008, the Company signed a term sheet to purchase all of the assets of Shenzhen DDCT Technology Co. Ltd. ("DDCT"), based in the People's Republic of China. Major terms of the agreement were as follows:
The Company would set up a wholly owned subsidiary of Advanced ID Asia Pacific Company Limited.
The new subsidiary would purchase all of the assets of DDCT including but not limited to inventory, leasehold improvements, intellectual property, patents, products, product designs, contracts past and future, collateral and manufacturing processes.
The Company must provide US$5 million in working capital over 2 years WITH $200,000 PAID WITHIN 30 DAYS OF SIGNING THE TERM SHEET. In the event the transaction is not completed, DDCT will refund the advanced funds.
The Company must put 16,005,727 shares into escrow for distribution to DDCT shareholders on completion of the transaction
In addition, 21,340,969 shares of Advanced ID to be placed into escrow to be distributed to DDCT shareholders upon reaching performance milestones to be agreed upon once the transaction has completed.
On December 1, 2008, Advanced ID Asia Pacific Company Limited set up Advanced ID (Schenzen) Co., Ltd. in accordance with the agreement.
As at December 31, 2008 no shares had been put into escrow and the Company had advanced approximately $195,000 to DDCT against the working capital requirement. Subsequent to year end, the Company canceled the purchase of DDCT's assets due to economic conditions. The Company is currently negotiating for the refund of the advanced funds less expenses DDCT had made on behalf of Advanced ID (Shenzhen) Co., Ltd. On December 31, 2008 the Company was owed $149,815 from DDCT. A bad debt provision was recorded for the entire amount outstanding at December 31, 2008 due to the low probability of recovery.
we were buying revenue and assets
when we should of been selling (anything)
lets stick to facts
Best we can do know is get La Jolla of our backs with some arrangement for repayment
otherwise they own our company and we are done
alot of shareholders money has been lost with these attemps to grow through purchase
The only safe way to purchase a competitor
is with all stock purchase
No cash at risk and everyone stands to gain or lose based on results!
PURCHASE PRICE
On July 1, 2007, Advanced ID Corporation (the "Company") acquired substantially all of the assets of Pneu-Logic Ltd. ("PLL"). PLL was engaged in the business of fleet tire management. At the time of the transaction, there were no material relationships between the seller and the Company or any of its affiliates, or any director or officer of the Company, or any associate of any such officer or director. The aggregate purchase of $718,810 included $400,000 cash and 1,000,000 restricted shares of Advanced ID Corporation valued at $318,810. The cash component consists of $100,000 paid on the date of closing and contingent consideration of ten $30,000 monthly installments commencing October 1, 2007 based on meeting certain revenue targets. For the years ended December 31, 2008 and 2007, $170,000 and $160,000 were paid off.
The value of 1,000,000 common shares issued was determined based on the closing price on the Effective Date.
After the acquisition of the assets of PLL, PLL still existed and the new entity with assets was incorporated as Pneu-Logic Corporation Limited ("PLCL")
During the year ended December 31, 2008 due to economic and other factors, management decided to impair the carrying value of the property and equipment, customer list and goodwill of PLCL. The Company continues to operate however the office functions have been centralized to the Company's head office in order to reduce ongoing administrative and other expenses.
THIS is the one that scares the hell out of me
and is why were trading at 2 pennies
NOTE 14 - CONVERTIBLE DEBENTURES
Pursuant to a Securities Purchase Agreement dated November 10, 2008, the Company issued to a private investor a convertible debenture in the principal amount of $1,000,000. As consideration, the Company received $200,000 cash and a promissory note for $800,000. On the same day the Company received a prepayment on the promissory note for $75,000. The Company accounted for the debenture in accordance with Statement of Financial Accounting Standards ("FASB") No. 150 "Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity".
The debenture bears interest at 6% per annum and matures on November 30, 2011. In the event the Company's common stock is trading for $0.058 or lower at any time during the period from November 10, 2008 to May 10, 2009; the interest rate shall be increased to 93/4 % per annum and all the interest that would accrue on the debenture to maturity must be paid within 3 business days of such event. The interest rate adjustment has been identified as an embedded derivative and has been accounted for at fair value as at December 31, 2008 in accordance with FAS 133 "Accounting for Derivative Instruments and Hedging Activities" ("FAS 133").
The principal and any unpaid interest on the debenture is convertible at the option of the holder, in whole or in part, into common shares of the Company at a conversion price equal to the lesser of: $0.50 and 80% of the average of the three lowest VWAP during the 20 trading days prior to the conversion date. The Company may increase the number of applicable trading days if it deems appropriate. The Company has determined that the conversion price will likely equal the 80% average of the three lowest VWAP during the 20 trading days prior to the conversion date and thus recorded an additional $250,000 expense. A debt discount of $32,253 was recorded upon valuation of the redemption put liability.
This debt discount is being charged to operations as accretion expense and added to the debenture payable over the term of the debenture.
2008 2007
---- ----
Balance beginning of year $ - $ -
Issue of debentures 1,000,000 -
Finance charge 250,000 -
Debt discount (32,253) -
Accretion of debt discount 1,502 -
---------- --------
$1,219,249 $ -
If on the conversion date the VWAP of the Company's common stock is below $0.08 ("Floor Price"), the Company shall have two days from the conversion date to exercise an option to pay the principal amount being converted plus accrued interest in cash at 150% of such amount. The option for net cash settlement has been identified as an embedded derivative and has been accounted for at fair value as at December 31, 2008 in accordance with FAS 133.
In the event the Company issues common shares or options/warrants for less than the Floor Price or convertible securities convertible at less than the Floor Price; the new floor price shall be adjusted to 80% of the price at which the issuance took place. Issuances excluded from this clause include (1) stock options to directors, officers and employees of the Company (2) shares issued pursuant to any agreements in effect prior to November 10, 2008 (3) shares issued pursuant to a business acquisition (4)shares issued under this debenture.
In the case of a fundamental corporate change whereby 50% of the Company's voting power is disposed of; the holder will have the right to require redemption of the debenture at 150% of the principal amount outstanding plus accrued interest or redeem the debenture for shares of common stock of the successor or acquiring corporation. This early redemption clause has been identified as an embedded derivative and has been accounted for at fair value as at December 31, 2008 in accordance with FAS 133. The fair value of the embedded derivative is $32,253. Any gains or losses on this embedded derivative will be recorded in the consolidated statement of operations and comprehensive income (loss) as a gain or loss on financial instruments with an offset to other assets or other liabilities on the Company's consolidated balance sheet. For the period from November 10, 2008 to December 31, 2008, there were no changes to the fair value of the derivative.
The holder will not be entitled to convert the debenture for a number of shares of common stock in excess of a number of shares that, upon giving effect to such conversion, would cause the aggregate number of common shares beneficially owned by the holder and its affiliates to exceed 4.99% of the outstanding common shares following such conversion.
However, this beneficial ownership limitation may be increased at the sole discretion of the holder to 9.99% with 61 days prior written notice to the Company.
The promissory note bears interest at 6.25% per annum and matures November 30, 2011. In the event the Company's common stock is trading for $0.058 or lower at any time during the period from November 10, 2008 to May 10, 2009; the interest rate shall be decreased to 43/4 % per annum.
The holder is required to redeem the note at a rate of $200,000 per month beginning 6 months from the date of issuance until all principal and accrued interest has been paid. If the VWAP of the Company's common shares for any 10 day trading period is below $0.038, or if the Company is in default under the debenture, the mandatory redemption requirement of the holder is waived.
Failure of the holder to make mandatory redemption payments will result in an increase in the interest rate on the note of 1/4 % per missed payment, to a maximum of 121/2 % interest accruing on the note.
The note is secured by all receivables, inventory, equipment & furnishings, books and records and products and proceeds of the holder.
As of the date of this report, Advanced ID does not have sufficient shares authorized to meet all of the various share issuance obligations as discussed throughout these notes, including stock options, stock warrants, stock committed for cash, stock committed for services, the convertible debenture with La Jolla Cove Investors, Inc., and the potential acquisition of DDCT. Advanced ID may not be able to carry out its intended transactions due to a lack of sufficient authorized shares.
from this board
if at all acurate
you have sold 2 million
the estate in new york 1.5 mil
that's 3.5 million in a week
to me that is the changing of the guard
2 of aido's largest shareholder dump there position
the changing part is someone bought it?
AS for s.k. travel notes to china
I thought he was going to try to put a distribution deal together with DDCT
are you suggesting something else on our tab?
I was unaware of the bill to aido for chinese promotion
That does not seem right
my math says DDCT cost us 500k
of shareholders money.
and for the record Hoping you do stay
you are about facts not fiction and obviously close to someone who knows whats going on at aido
but what I read here it sounds like you are planning to move on
if you did not sell your 2 mil shares
who did ?
or do you have more than 2 mil.
you must have believed in aido at some point to have a block of stock like that
no friends in calgary
been in aido 5 years
been reading the boards for a long time
was always most interested in your posts
as you seem to be aware of what was going on with the company
It is to bad you threw in the towel @ .02
you will be missed on this board.
I hope for my sake and all the other longs you are wrong
Had to post with 5 million trading @ .02-.03
we have a changing of the guard
and a new begining or the end.
Are you out now hawaii50
or is that still you at .032
S.k. seems like a straight shooter to me
always returns e-mail and calls
they got caught in the melt down
I think they will pull through
how did you not lose money on aido
I don't know anyone who bought less than .02
Check this out!
www.section10419.com
I am not sure how I got on this e-mailer
I do not pay for a subscription
this appears on the bottom of the updates
good luck
If you would like to become a paid subscriber, email me at tradersprophet@gmail.com
hey pj
this looks good
The part I find interesting is only 4mil float
I got a flash on them this am
03-06-09
TeslaVision (TSLV:PK) $0.34 +-0.11 on 34,700 shares. This is a real gee-wiz company. It has an excellent technology for use in electronic signs. The stock has broken above all of it major Moving Averages and has little resistance to the previous high of $1.00.
Looks like your charts were correct
got this in an e-mail today
03-05-09
TeslaVision (TSLV) $0.25-0.29
The company is led by a 25 year veteran of the media business and this product is focused on the media side of the business.
The signs are electro-luminescent and use only 10% of the normal energy.
There is no heat, which is a problem with most signage.
The prime customers are the casino and gaming business and the beverage sector.
There are only 4 million free trading shares in the float among a large shareholder base.