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Thanks for all your hard work JJ, it will be nice when this is in double digits....
jmho
Shps news......
Thursday December 21, 8:50 am Eastern Time
Press Release
AccessTel Inc. Receives Approval for China's first ``Digital High Tech Park'' by the First Deputy Mayor of Shanghai, Zhen Liang Yu and Staff
SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 21, 2000-- AccessTel/Shopss.com (OTCBB:SHPS - news), soon to be renamed AccessTel Inc., today announced that AccessTel Inc. management team headed by world-renowned Scientist, Dr. William C. Y. Lee received approval of first ``Digital High Tech Park'' by the First Deputy Mayor of Shanghai, Zhen Liang Yu in charge of Economic Development in Shanghai.
Pictures of the meeting are available at http://www.accesstelinc.net.
``We have received the full cooperation from the local government of Shanghai for the rapid deployment of Wireless Digital Services from our new offices in the COAHEJING Tower in Shanghai,'' stated Lawrence Liang, president and CEO of AccessTel Inc.
``I am very pleased that Dr. Lee will be actively involved in the architecture and design of the broadband wireless Internet services we deploy in the High Tech Park. Over the next 3-5 years, the value of the COAHEJING Digital Project is estimated at $100 million or more in US dollars.''
AccessTel Inc.'s contract with the CAOHEJING High Tech Park in Shanghai, China is to establish wireless broadband network systems to provide Broadband Wireless Internet Services for the High Tech Park. The High Tech Park covers an area of more than 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned; Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE and Toshiba etc. with a contracted investment of $1.5 billion US.
``AccessTel Inc. has broadband wireless Internet technologies and market share. I am looking forward to assisting the implementation of this technology in China and in the development of China's first digital High Tech Park,'' stated Dr. William C.Y. Lee upon returning from China after completing the initial deployment plan for the COAHEJING Digital Project with AccessTel Inc.'s management team.
About Dr. William C.Y. Lee
Dr. William C.Y. Lee is regarded as a leading authority in the world of wireless communications, specifically for his enormous contributions in developing commercially viable analog and CDMA technology. Dr. William C.Y. Lee is Chairman of the board of LinkAir, a technology research and development firm, whose LAS-CDMA technology is positioned to revolutionize the wireless industry by enabling voice and data services that will rival the quality offered today by high speed landline connections.
Dr. William C.Y. Lee joined AccessTel Inc. as an original founding shareholder from Vodafone Airtouch, the world's largest mobile telecommunications company and helped guide the company's strategy since its inception. With more than 35 years wireless experience and more than 25 US patents -- with 11 more pending -- Dr. William C.Y. Lee is an expert in developing marketable communications technologies.
Dr. William C.Y. Lee spent 15 years as one of the pioneers in developing the advanced wireless technology-AMPS-for Bell Labs. He also headed the advanced mobile communications system for the ITT Defense Communications Division system in 1990 that increased radio capacity by 2.5 times over the conventional microcell model.
During his illustrious career, Dr. William C.Y. Lee has published more than 200 articles and several books on CDMA theory and technology. He also has been elected as an IEEE Fellow and has served as a member of numerous councils, including the California State Council on Science and Technology, the US Council on Competitiveness and the FCC Technical Advisory Council. He has earned many prestigious awards, including the IEEE VTS Avant Garde Award, the CTIA Award, the CDMA Industry Achievement Award, the SATEC Award, a Bell Lab Service Award and, most recently, the IEEE Third Millennium Medal Award.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Shopps.com/AccessTel Inc., Santa Clara
Lawrence Liang/Stuart Bockler, 408/216-4756
http://www.accesstelinc.net
Or Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
Shps news......
Thursday December 21, 8:50 am Eastern Time
Press Release
AccessTel Inc. Receives Approval for China's first ``Digital High Tech Park'' by the First Deputy Mayor of Shanghai, Zhen Liang Yu and Staff
SAN JOSE, Calif.--(BUSINESS WIRE)--Dec. 21, 2000-- AccessTel/Shopss.com (OTCBB:SHPS - news), soon to be renamed AccessTel Inc., today announced that AccessTel Inc. management team headed by world-renowned Scientist, Dr. William C. Y. Lee received approval of first ``Digital High Tech Park'' by the First Deputy Mayor of Shanghai, Zhen Liang Yu in charge of Economic Development in Shanghai.
Pictures of the meeting are available at http://www.accesstelinc.net.
``We have received the full cooperation from the local government of Shanghai for the rapid deployment of Wireless Digital Services from our new offices in the COAHEJING Tower in Shanghai,'' stated Lawrence Liang, president and CEO of AccessTel Inc.
``I am very pleased that Dr. Lee will be actively involved in the architecture and design of the broadband wireless Internet services we deploy in the High Tech Park. Over the next 3-5 years, the value of the COAHEJING Digital Project is estimated at $100 million or more in US dollars.''
AccessTel Inc.'s contract with the CAOHEJING High Tech Park in Shanghai, China is to establish wireless broadband network systems to provide Broadband Wireless Internet Services for the High Tech Park. The High Tech Park covers an area of more than 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned; Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE and Toshiba etc. with a contracted investment of $1.5 billion US.
``AccessTel Inc. has broadband wireless Internet technologies and market share. I am looking forward to assisting the implementation of this technology in China and in the development of China's first digital High Tech Park,'' stated Dr. William C.Y. Lee upon returning from China after completing the initial deployment plan for the COAHEJING Digital Project with AccessTel Inc.'s management team.
About Dr. William C.Y. Lee
Dr. William C.Y. Lee is regarded as a leading authority in the world of wireless communications, specifically for his enormous contributions in developing commercially viable analog and CDMA technology. Dr. William C.Y. Lee is Chairman of the board of LinkAir, a technology research and development firm, whose LAS-CDMA technology is positioned to revolutionize the wireless industry by enabling voice and data services that will rival the quality offered today by high speed landline connections.
Dr. William C.Y. Lee joined AccessTel Inc. as an original founding shareholder from Vodafone Airtouch, the world's largest mobile telecommunications company and helped guide the company's strategy since its inception. With more than 35 years wireless experience and more than 25 US patents -- with 11 more pending -- Dr. William C.Y. Lee is an expert in developing marketable communications technologies.
Dr. William C.Y. Lee spent 15 years as one of the pioneers in developing the advanced wireless technology-AMPS-for Bell Labs. He also headed the advanced mobile communications system for the ITT Defense Communications Division system in 1990 that increased radio capacity by 2.5 times over the conventional microcell model.
During his illustrious career, Dr. William C.Y. Lee has published more than 200 articles and several books on CDMA theory and technology. He also has been elected as an IEEE Fellow and has served as a member of numerous councils, including the California State Council on Science and Technology, the US Council on Competitiveness and the FCC Technical Advisory Council. He has earned many prestigious awards, including the IEEE VTS Avant Garde Award, the CTIA Award, the CDMA Industry Achievement Award, the SATEC Award, a Bell Lab Service Award and, most recently, the IEEE Third Millennium Medal Award.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Shopps.com/AccessTel Inc., Santa Clara
Lawrence Liang/Stuart Bockler, 408/216-4756
http://www.accesstelinc.net
Or Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
Errol, I have a bet going on you.......
I was just wondering if you have a High School diploma or not? If so I was just wondering how much education you have? You have such poor grammer, did you even make it to high school?
Huge IFTP update, share buyback, etc......
December 8, 2000
Dear Shareholders,
Again I offer my Season Greetings to all of you. I thought I would take the time today to offer you a little more insight into the function of the Chairman’s message and offer you a brief update on some positive developments of your Company.
The Chairman’s message is a site with frequent updates from myself, the President of Infotopia or even key consultants. This message area will allow our team to effectively communicate with our shareholders in a more frequent and informal manner than traditional press releases. It is the goal of our entire management team to keep you, the shareholder, as informed as we possibly can. At the same time, it is very important not to disclose too much information to our competition. In an industry filled with copycat products or "knockoffs", as the industry calls them, announcing weekly revenue on a product by product basis would provide the competition information as to whether to enter the market quickly with a similar product. Though competition will happen in time, an extra several months with a unique product can mean millions in additional revenue for Infotopia. However, we recognize our shareholders’ most frequent request is revenue updates. The Body by Jake Bun & Thigh Rocker, Hot Mommies, Torso Tiger, Backstroke, Cooking Saddle and Body Rocker are all producing revenue in December. In January and February The Medicus Dual 2000, Rejuvicare, Total Tiger, Cathi Graham’s Fresh Start, Ipri-Cal and Prostate Product will also be producing revenue. In addition we offer additional "upsell products" to each customer who calls to order any of the above items.
January begins an amazing time of year for our industry. Fitness products, health products and self-improvement products all begin their peak season. We are in the process of booking media that will clearly allow us to achieve our forecast for this quarter. I just returned from Los Angeles and the results of all of current shows have been exceptional. In January we will return to biweekly updates and provide total revenue from all of our products. This should allow you, the shareholder, to be well informed. The Holiday Season provides a lot of changes in weekly revenue and during this period we are testing media on several of our products which could provide a bit of confusion to our shareholder, thus come January we will return to the updates. We believe that December has the potential to be the highest revenue month in our history and each of the next five months we should set new highs for monthly revenues and profits.
On Wednesday the Board of Directors met and decided to authorize our SEC law firm to begin the process of filing the appropriate documents that would allow Infotopia to utilize 20% of the projected net profits for the next 15 months to begin a stock buy back program. Utilizing 20% of projected profits would create potentially a minimum of ten million dollars in which to repurchase stock from our shareholders in the open market. We feel this will send a strong signal to our shareholders that the year 2001 will see the share count coming down. In addition, Infotopia will be better positioned to fund future acquisitions with cash instead of stock and thus begin to minimize future dilution.
We encourage all our shareholders to remain patient and allow the Company to post this quarter’s numbers. We believe these numbers should inspire a strong confidence in the Company and its future.
Sincerely,
Daniel Hoyng
Chairman & CEO
This information includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to a variety of factors, including without limitation the Company's ability to produce and market products and/or services and other risks detailed from time to time in their Company's reports filed with the Securities Exchange Commission.
Thanks, eom
fg doesn't shps 8k have to be out by weeks end,eom
fg do you have any thoughts on ecnc http://ecnc-dd.com/ thanks
Must see about iftp.....
Everyone has to check out http://www.torsotiger.com/
Taken for a press release....
Friday September 22, 9:47 am Eastern Time
Press Release
Infotopia Lays Plans for E-commerce Discount Shopping Portal
Company Impressed With Internet Results Thus Far
BOSTON--(BUSINESS WIRE)--Sept. 22, 2000--Infotopia Inc. (OTCBB:IFTP - news) announced today it has contracted with an experienced E-Commerce development team and has begun laying plans for a discount shopping mall on the Internet. The company will feature products in all price ranges and categories that the public might not otherwise know about.
Marek Lozowicki, VP of Technology for Infotopia stated, ''Infotopia has been very encouraged that almost 20% of Torso Tiger's sales come from the Infotopia and Torso Tiger websites. If we can feature great products from other companies without incurring the overhead of a full-blown infomercial we will be able to become a clearing-house for the industry. When a relatively unknown product is well received by the Internet public, Infotopia will retain rights to producing an infomercial on the product. Future plans include selling close-out items are not sold in retail or on TV anymore. Infotopia plans to contract with experienced firms for development of the site, thereby speeding up the process considerably. This is going to be a tough project that will evolve over time, but with the results we have seen so far it will be well worth it.''
Shps news.....
Wednesday November 22, 6:45 pm Eastern Time
Press Release
AccessTel China Inc. Qualifies for Favorable Tax Status in China
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 22, 2000--The Board of Directors of Shopss.com, Inc. (OTC BB:SHPS - news), which will soon be renamed AccessTel Inc., is pleased to announce that its 100 percent owned subsidiary, AccessTel (China) Inc., qualifies for favorable tax treatment in China.
AccessTel (China) Inc. will develop the Chinese market with the Shanghai Haplink Information System Co., Ltd. and implement broadband wireless access technical solutions in China. AccessTel (China) INc.'s agreement is aimed at promoting the development of information technology in the Shanghai CAOHEJING New Technology Development Zone; to better provide broadband wireless Internet access technologies for enterprises within the zone; and to provide solutions for the best information access technologies.
The CAOHEJING Hi-Tech Park is the only development zone granted by the State Council in China that can enjoy the favorable policies of both the economic and technological development zone and the hi-tech industry development zone. The State and the Shanghai Municipal Government give the Park the support and promotion force for the development of investment and trade.
The Shanghai CAOHEJING Hi-Tech Park Development Corp.:
In October 1988, upon the approval of the Shanghai Municipal Government, Shanghai CAOHEJING Hi-Tech Park Development Corp. was set up as an administration and service institute. It was authorized to help create a good investment and trade environment to lure funds and advanced technology. The Shanghai CAOHEJING Hi-Tech Park covers an area of over 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned with a contracted investment of $1.5 billion (US). Over the last few years companies including Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE, and Toshiba have all operated successfully in Park.
Preferential Policies:
In order to guarantee the legal commercial benefits of the overseas investors, the state and government of China has formulated a series of laws and regulations to encourage the foreign investment. Any foreign invested production enterprise in the Park shall pay enterprise income tax at a reduced rate of 15 percent on the income derived from production, business and other resources. The enterprises scheduled to operate for a period of 10 years or more shall be exempt from enterprise income taxes in the first and second profit-making years and allowed a 50 percent reduction in the third to fifth years.
The technologically advanced enterprises may extend for another three years the payment for income tax at a rate reduced by one half. If the rate of enterprise income tax is less than 10 percent from the beginning of the sixth year, the technologically advanced enterprises shall pay the income tax at a rate of 10 percent. If the output value of product export amounts to 70 percent or more of the total, the enterprises shall pay the income tax at a rate of 10 percent after the expiration of the period of income tax reductions and exemptions.
The sino-foreign joint ventures in the Park are allowed to remit their profit abroad, free from income tax of their remittance. The productive foreign invested enterprises are exempt from the local income tax by the end of 2000. Any export enterprise whose products for exports cover 70 percent or more is still free from local income tax after the tax-free period. The foreign-funded enterprises can enjoy the exemption of real estate tax for five years from the first month when their houses are built or bought.
AccessTel, through joint ventures and acquisitions, is poised to begin supplying Broadband Wireless, VoIP and Utility Meter Reading over a wireless and wired broadband network. These services will be provided primarily in China and the Western United States from AccessTel's base in San Jose, Calif. The wireless network and wireless local loop (WLL) services will provide rapid deployment of phone, fax, high-speed data, video and fixed ISP connections. AccessTel Inc. is deploying the latest broadband wireless strategies and telecom solutions (2 1/2G - 3G) in China.
The Shanghai Haplink Information System Co., Ltd. is a high technology enterprise controlled by Shanghai CAOHEJING New Technology Development Zone General Corporation. It is mainly engaged in Internet service provision (ISP), providing value added services in the network communications field (ICP), and the research and development of Internet technologies. The Shanghai Haplink Information System Co., Ltd. has had many years of experience in the provision of Internet services, and has gained market share in the Shanghai region as well as the CAOHEJING Development Zone.
With regard to the resources respectively invested by the parties in their technical cooperation, these can be credited as capital invested in the form of tangible and intangible assets after being priced according to the requirements of relevant Chinese government laws and policies.
Stuart Bockler, CFO of AccessTel, added, ``The introduction of AccessTel China Inc. approved for operation in China for a term of 20 years will qualify for a reduced rate of taxation in China and will be allowed to remit our profit to the US parent AccessTel Inc., free from or at a preferential rate of income tax on of our remittance. The Shanghai CAOHEJING New Technology Development Zone offers AccessTel Inc. significant opportunities to deploy our wireless broadband strategies with both local infrastructure and Governmental assistance.''
The new company will import related technical equipment needed for research and development, and will import it from its U.S. parent or from other affiliated companies. Due to their high technology contents, the main products of the new company will be the domestic market in China, and a percentage of overseas sales will be determined and implemented in accordance with the provisions of applicable Chinese laws. In the event that operations require additional licenses, the new company will complete relevant procedures in accordance with the provisions of applicable Chinese laws. The Project was approved by the CAOHEJING New Technology Development Zone in Shanghai, China on Sep. 19, 2000. AccessTel Inc.'s Web site is www.accesstelinc.net.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Shopps.com/AccessTel Inc.
Lawrence Liang or Stuart Bockler, 732/591-0520
or
Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
Shps news.....
Wednesday November 22, 6:45 pm Eastern Time
Press Release
AccessTel China Inc. Qualifies for Favorable Tax Status in China
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 22, 2000--The Board of Directors of Shopss.com, Inc. (OTC BB:SHPS - news), which will soon be renamed AccessTel Inc., is pleased to announce that its 100 percent owned subsidiary, AccessTel (China) Inc., qualifies for favorable tax treatment in China.
AccessTel (China) Inc. will develop the Chinese market with the Shanghai Haplink Information System Co., Ltd. and implement broadband wireless access technical solutions in China. AccessTel (China) INc.'s agreement is aimed at promoting the development of information technology in the Shanghai CAOHEJING New Technology Development Zone; to better provide broadband wireless Internet access technologies for enterprises within the zone; and to provide solutions for the best information access technologies.
The CAOHEJING Hi-Tech Park is the only development zone granted by the State Council in China that can enjoy the favorable policies of both the economic and technological development zone and the hi-tech industry development zone. The State and the Shanghai Municipal Government give the Park the support and promotion force for the development of investment and trade.
The Shanghai CAOHEJING Hi-Tech Park Development Corp.:
In October 1988, upon the approval of the Shanghai Municipal Government, Shanghai CAOHEJING Hi-Tech Park Development Corp. was set up as an administration and service institute. It was authorized to help create a good investment and trade environment to lure funds and advanced technology. The Shanghai CAOHEJING Hi-Tech Park covers an area of over 6 sq km, with approximately 1,000 operating companies of which 260 are foreign owned with a contracted investment of $1.5 billion (US). Over the last few years companies including Lucent Technologies, Intel, Lattice Bell, Philips, Dupont, 3M, GE, and Toshiba have all operated successfully in Park.
Preferential Policies:
In order to guarantee the legal commercial benefits of the overseas investors, the state and government of China has formulated a series of laws and regulations to encourage the foreign investment. Any foreign invested production enterprise in the Park shall pay enterprise income tax at a reduced rate of 15 percent on the income derived from production, business and other resources. The enterprises scheduled to operate for a period of 10 years or more shall be exempt from enterprise income taxes in the first and second profit-making years and allowed a 50 percent reduction in the third to fifth years.
The technologically advanced enterprises may extend for another three years the payment for income tax at a rate reduced by one half. If the rate of enterprise income tax is less than 10 percent from the beginning of the sixth year, the technologically advanced enterprises shall pay the income tax at a rate of 10 percent. If the output value of product export amounts to 70 percent or more of the total, the enterprises shall pay the income tax at a rate of 10 percent after the expiration of the period of income tax reductions and exemptions.
The sino-foreign joint ventures in the Park are allowed to remit their profit abroad, free from income tax of their remittance. The productive foreign invested enterprises are exempt from the local income tax by the end of 2000. Any export enterprise whose products for exports cover 70 percent or more is still free from local income tax after the tax-free period. The foreign-funded enterprises can enjoy the exemption of real estate tax for five years from the first month when their houses are built or bought.
AccessTel, through joint ventures and acquisitions, is poised to begin supplying Broadband Wireless, VoIP and Utility Meter Reading over a wireless and wired broadband network. These services will be provided primarily in China and the Western United States from AccessTel's base in San Jose, Calif. The wireless network and wireless local loop (WLL) services will provide rapid deployment of phone, fax, high-speed data, video and fixed ISP connections. AccessTel Inc. is deploying the latest broadband wireless strategies and telecom solutions (2 1/2G - 3G) in China.
The Shanghai Haplink Information System Co., Ltd. is a high technology enterprise controlled by Shanghai CAOHEJING New Technology Development Zone General Corporation. It is mainly engaged in Internet service provision (ISP), providing value added services in the network communications field (ICP), and the research and development of Internet technologies. The Shanghai Haplink Information System Co., Ltd. has had many years of experience in the provision of Internet services, and has gained market share in the Shanghai region as well as the CAOHEJING Development Zone.
With regard to the resources respectively invested by the parties in their technical cooperation, these can be credited as capital invested in the form of tangible and intangible assets after being priced according to the requirements of relevant Chinese government laws and policies.
Stuart Bockler, CFO of AccessTel, added, ``The introduction of AccessTel China Inc. approved for operation in China for a term of 20 years will qualify for a reduced rate of taxation in China and will be allowed to remit our profit to the US parent AccessTel Inc., free from or at a preferential rate of income tax on of our remittance. The Shanghai CAOHEJING New Technology Development Zone offers AccessTel Inc. significant opportunities to deploy our wireless broadband strategies with both local infrastructure and Governmental assistance.''
The new company will import related technical equipment needed for research and development, and will import it from its U.S. parent or from other affiliated companies. Due to their high technology contents, the main products of the new company will be the domestic market in China, and a percentage of overseas sales will be determined and implemented in accordance with the provisions of applicable Chinese laws. In the event that operations require additional licenses, the new company will complete relevant procedures in accordance with the provisions of applicable Chinese laws. The Project was approved by the CAOHEJING New Technology Development Zone in Shanghai, China on Sep. 19, 2000. AccessTel Inc.'s Web site is www.accesstelinc.net.
Forward-looking statements in this release are made pursuant to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of the company's products and technological changes, the company's dependence upon third-party suppliers, intellectual property rights and other risks detailed from time to time in the company's periodic reports filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
Contact:
Shopps.com/AccessTel Inc.
Lawrence Liang or Stuart Bockler, 732/591-0520
or
Worldwide Corporate Finance
Sy Mitzner, 818/783-0054
Nteg a good buy anymore?....
Nteg is not a great buy anymore unless you are looking to get into IMA at a discount.
Inverness to acquire Integ, take significant charge
NEW YORK, Oct 4 (Reuters) - Inverness Medical Technology Inc. (AMEX:IMA - news) said Wednesday it signed an agreement to acquire Integ Inc. (NasdaqNM:NTEG - news) and merge it into a unit of Inverness, in an effort to strengthen its diabetes glucose monitoring offerings.
The deal has an equity value of about $35 million, based on Tuesday's closing price for Inverness common stock and the number of shares of Integ common stock outstanding, according to S&P MarketScope. Each share of Integ common stock will be exchanged for about 0.187 share of Inverness common stock.
Under the terms of the deal, all of the issued and outstanding shares of Integ's common stock, options and warrants will be exchanged for 1.9 million common shares of Inverness.
The deal is slated to close near year-end. Inverness said it expects to take a ``significant'' charge for Integ's in-process research and development as well as consolidation costs to be incurred in connection with the merger.
Shares of Integ closed Tuesday at $2-3/8. Inverness closed at $18-13/16.
people on ragingbull thread think it is shps week....
http://www.cdg.org/events/00_AmCong/agenda.html
FG, is this bad news.....
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SHPS&read=8644
Thanks, I am quite new to shps
F.G. Here is all of tryhard81 posts...
http://www.ragingbull.altavista.com/mboard/memalias.cgi?member=tryhard81
Do you have any thoughts about his posts?
Thanks
F.G. check this out, it might be of interest to you....
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=SHPS&read=8396
Read that post, and it will tell you what posts to read on the qcom board. I think the guys name is tryhard81 (or something like that). If you have any comments on what he is saying or any of his previous posts, please make a comment.
Thanks
F.G. I am new to the board, your picks have all been exceptional over the years. I have checked your picks from time to time, and you are, in my mind, the best. I was wondering if you still expect shps to spike to 25-28, or atleast hit double digits before the year is out. I dont own any but was thinking about picking some up.
BTW is that your favorite OTC stock?