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Alert, Hurricane Stocks - Developement
Check out the IR image taken in the last hour:
http://www.ssd.noaa.gov/goes/east/gmex/rb-l.jpg
Models are predicting this to cross the Yucatan and then develope into a TS or Hurricane in the Gulf of mexico. Texas to The West coast of Florida should stay on Alert.
Alert, Hurricane Stocks - Developement
Check out the IR image taken in the last hour:
http://www.ssd.noaa.gov/goes/east/gmex/rb-l.jpg
Models are predicting this to cross the Yucatan and then develope into a TS or Hurricane in the Gulf of mexico. Texas to The West coast of Florida should stay on Alert.
Alert, Hurricane Stocks - Developement
Check out the IR image taken in the last hour:
http://www.ssd.noaa.gov/goes/east/gmex/rb-l.jpg
Models are predicting this to cross the Yucatan and then develope into a TS or Hurricane in the Gulf of mexico. Texas to The West coast of Florida should stay on Alert.
at 3:57 pm 3 minutes before close
BUGS - Gapping to over 2 cents
No resistantce till 4 cents after 2 cents. Could be huge. The news was fabulous!
BUGS - Gapping to over 2 cents
No resistantce till 4 cents after 2 cents. Could be huge. The news was fabulous!
BUGS - Gapping to over 2 cents
No resistantce till 4 cents after 2 cents. Could be huge. The news was fabulous!
Bugs - Huge Gap
A $33 million contract over 5 years = 6.6 Million in revenue a year guaranteed. Thats 1.5X's its market cap alone each year.
This should be a multibagger numbers wise.
Bugs - Huge Gap
A $33 million contract over 5 years = 6.6 Million in revenue a year guaranteed. Thats 1.5X's its market cap alone each year.
This should be a multibagger numbers wise.
Bugs - Huge Gap
A $33 million contract over 5 years = 6.6 Million in revenue a year guaranteed. Thats 1.5X's its market cap alone each year.
This should be a multibagger numbers wise.
Bugs - Huge Gap
A $33 million contract over 5 years = 6.6 Million in revenue a year guaranteed. Thats 1.5X's its market cap alone each year.
This should be a multibagger numbers wise.
BUGS - Major Major News!!!
The Market Cap of this company is only $4.4 Million. They got a 5 Year $33 million deal! I think this is a multibagger tommorow, plus Hurricane season ius coming up. This is gonna run big time!!
German Bank Issues LOI for $33MM for SSWM Environmental Emergency Response Stations in Veracruz, Mexico; SSWM/ETI to Equip and Operate Eleven Stations under Five Year Agreement
CARLSBAD, Calif., Jun 07, 2006 (BUSINESS WIRE) -- Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that officers of its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI) have arranged for and received copies of letters of intent from Deutsche Forfait Bank (http://www.defag.de) sent to the State of Veracruz to provide $33 MM USD to equip eleven (11) Environmental Emergency Response Stations whose equipment procurement and staffing will be performed by ETI under a five year operating agreement with the State's Sub Secretary of Civil Protection.
In meetings this past weekend during the 2006 Rains and Hurricanes Seminar hosted by Governor Fidel Herrera of the State of Veracruz, ETI executives were informed by Sub Secretary Ranulfo Marquez for Civil Protection that the order for establishing Environmental Emergency Response Stations has been increased from an original eight (8) to eleven (11) stations to be co-located at strategic Civil Protection response yards around the State.
Bruce Beattie, CEO of SSWM, stated, "We are very excited to obtain the letters of intent from DF Bank and look forward to staffing, training and operating eleven emergency response stations throughout the State of Veracruz to address civil protection and exposure to toxic releases that occur periodically as well as during storm events such as hurricanes. We applaud Governor Herrera and his staff for their pro-active efforts in creating a comprehensive environmental emergency response and remediation service capability."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760-918-1860, ext. 105 or bbeattie@bugsatwork.com or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
BUGS - Major Major News!!!
The Market Cap of this company is only $4.4 Million. They got a 5 Year $33 million deal! I think this is a multibagger tommorow, plus Hurricane season ius coming up. This is gonna run big time!!
German Bank Issues LOI for $33MM for SSWM Environmental Emergency Response Stations in Veracruz, Mexico; SSWM/ETI to Equip and Operate Eleven Stations under Five Year Agreement
CARLSBAD, Calif., Jun 07, 2006 (BUSINESS WIRE) -- Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that officers of its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI) have arranged for and received copies of letters of intent from Deutsche Forfait Bank (http://www.defag.de) sent to the State of Veracruz to provide $33 MM USD to equip eleven (11) Environmental Emergency Response Stations whose equipment procurement and staffing will be performed by ETI under a five year operating agreement with the State's Sub Secretary of Civil Protection.
In meetings this past weekend during the 2006 Rains and Hurricanes Seminar hosted by Governor Fidel Herrera of the State of Veracruz, ETI executives were informed by Sub Secretary Ranulfo Marquez for Civil Protection that the order for establishing Environmental Emergency Response Stations has been increased from an original eight (8) to eleven (11) stations to be co-located at strategic Civil Protection response yards around the State.
Bruce Beattie, CEO of SSWM, stated, "We are very excited to obtain the letters of intent from DF Bank and look forward to staffing, training and operating eleven emergency response stations throughout the State of Veracruz to address civil protection and exposure to toxic releases that occur periodically as well as during storm events such as hurricanes. We applaud Governor Herrera and his staff for their pro-active efforts in creating a comprehensive environmental emergency response and remediation service capability."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760-918-1860, ext. 105 or bbeattie@bugsatwork.com or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
BUGS - Major Major News!!!
The Market Cap of this company is only $4.4 Million. They got a 5 Year $33 million deal! I think this is a multibagger tommorow, plus Hurricane season ius coming up. This is gonna run big time!!
German Bank Issues LOI for $33MM for SSWM Environmental Emergency Response Stations in Veracruz, Mexico; SSWM/ETI to Equip and Operate Eleven Stations under Five Year Agreement
CARLSBAD, Calif., Jun 07, 2006 (BUSINESS WIRE) -- Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that officers of its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI) have arranged for and received copies of letters of intent from Deutsche Forfait Bank (http://www.defag.de) sent to the State of Veracruz to provide $33 MM USD to equip eleven (11) Environmental Emergency Response Stations whose equipment procurement and staffing will be performed by ETI under a five year operating agreement with the State's Sub Secretary of Civil Protection.
In meetings this past weekend during the 2006 Rains and Hurricanes Seminar hosted by Governor Fidel Herrera of the State of Veracruz, ETI executives were informed by Sub Secretary Ranulfo Marquez for Civil Protection that the order for establishing Environmental Emergency Response Stations has been increased from an original eight (8) to eleven (11) stations to be co-located at strategic Civil Protection response yards around the State.
Bruce Beattie, CEO of SSWM, stated, "We are very excited to obtain the letters of intent from DF Bank and look forward to staffing, training and operating eleven emergency response stations throughout the State of Veracruz to address civil protection and exposure to toxic releases that occur periodically as well as during storm events such as hurricanes. We applaud Governor Herrera and his staff for their pro-active efforts in creating a comprehensive environmental emergency response and remediation service capability."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760-918-1860, ext. 105 or bbeattie@bugsatwork.com or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
BUGS - Major Major News!!!
The Market Cap of this company is only $4.4 Million. They got a 5 Year $33 million deal! I think this is a multibagger tommorow, plus Hurricane season ius coming up. This is gonna run big time!!
German Bank Issues LOI for $33MM for SSWM Environmental Emergency Response Stations in Veracruz, Mexico; SSWM/ETI to Equip and Operate Eleven Stations under Five Year Agreement
CARLSBAD, Calif., Jun 07, 2006 (BUSINESS WIRE) -- Sub-Surface Waste Management of Delaware, Inc. (OTCBB:SSWM), announced that officers of its Mexico subsidiary company, Environmental Tec International, S.A. de C.V. (ETI) have arranged for and received copies of letters of intent from Deutsche Forfait Bank (http://www.defag.de) sent to the State of Veracruz to provide $33 MM USD to equip eleven (11) Environmental Emergency Response Stations whose equipment procurement and staffing will be performed by ETI under a five year operating agreement with the State's Sub Secretary of Civil Protection.
In meetings this past weekend during the 2006 Rains and Hurricanes Seminar hosted by Governor Fidel Herrera of the State of Veracruz, ETI executives were informed by Sub Secretary Ranulfo Marquez for Civil Protection that the order for establishing Environmental Emergency Response Stations has been increased from an original eight (8) to eleven (11) stations to be co-located at strategic Civil Protection response yards around the State.
Bruce Beattie, CEO of SSWM, stated, "We are very excited to obtain the letters of intent from DF Bank and look forward to staffing, training and operating eleven emergency response stations throughout the State of Veracruz to address civil protection and exposure to toxic releases that occur periodically as well as during storm events such as hurricanes. We applaud Governor Herrera and his staff for their pro-active efforts in creating a comprehensive environmental emergency response and remediation service capability."
About Sub-Surface Waste Management
Sub-Surface Waste Management Inc. is a majority owned subsidiary of U.S. Microbics, Inc. (OTCBB:BUGS) and provides comprehensive civil and environmental engineering project management services including specialists to design, permit, build and operate environmental waste clean-up treatment systems using conventional, biological and filtration technologies. SSWM is capitalizing on its patented technologies registered in Mexico with SEMARNAT a Federal regulatory agency overseeing environmental compliance nationwide.
Investors and media contact Bruce Beattie at 760-918-1860, ext. 105 or bbeattie@bugsatwork.com or learn about the company by visiting its Web site at www.subsurfacewastemanagement.com.
The information contained in this press release includes forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect" or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's status as a startup company with uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the company's Form 10-KSB and other publicly available information regarding the company on file with the Securities and Exchange Commission. The company will provide you with copies of this information upon request.
If this goes down to 1.5 cents I would be amazed. There is noway this is goign to go down to 45% of its high 2 days ago when the news is almost guaranteed and somethign that will bring this stock to 5-10 cents. Having said this, I'd be estatic if it did go that low. I'd buy it all up.
Holding 1.45 million shares now.
I think a large % of the profit takign has already occured the last 2 days though. Gap fileld in nicely IMO
Why the heck would it fall to wher eit was before all the news?
Do you understand that once the drug is approved, they will have sales with are 20X's that of the market cap right now?
I can not see this dipping under 2 cents. Way way too much good news ahead.
No, If I had more free cash I would be buying more.
I have 1.45 million shares and will hold for atleast a coupel months.
Approval? WHo says?
IMO It's not goign much lower then its at now. a new base has been formed at .021 or so IMO
Once news hits this is really gonna explode
XKEM here we go
XKEM Here we go!
I agree, this is a longer term play. Could be a 20 bagger within months though IMO
XKEM - Set for EOD Run
The Gap has filled. Could approach 3 cents again in a jiffy.
Waiting on 2 Gigantic Prs
$8 million Financing deal
Nigerian Drug approval.
These should both occur this month sometime, probably in the next 10-15 days. Once these PRs are issued Xkem will be somewhere in the 15-30 cent range IMO
This is a stock you can't afford to miss out on.
Predicted $500 million in sales the first year from new drug
Market cap is only about $24 million!
XKEM - Set for EOD Run
The Gap has filled. Could approach 3 cents again in a jiffy.
Waiting on 2 Gigantic Prs
$8 million Financing deal
Nigerian Drug approval.
These should both occur this month sometime, probably in the next 10-15 days. Once these PRs are issued Xkem will be somewhere in the 15-30 cent range IMO
This is a stock you can't afford to miss out on.
Predicted $500 million in sales the first year from new drug
Market cap is only about $24 million!
XKEM
The Gap has filled. Could approach 3 cents again in a jiffy.
Waiting on 2 Gigantic Prs
$8 million Financing deal
Nigerian Drug approval.
These should both occur this month sometime, probably in the next 10-15 days. Once these PRs are issued Xkem will be somewhere in the 15-30 cent range IMO
This is a stock you can't afford to miss out on.
Predicted $500 million in sales the first year from new drug
Market cap is only about $24 million!
XKEM - Set for EOD Run
The Gap has filled. Could approach 3 cents again in a jiffy.
Waiting on 2 Gigantic Prs
$8 million Financing deal
Nigerian Drug approval.
These should both occur this month sometime, probably in the next 10-15 days. Once these PRs are issued Xkem will be somewhere in the 15-30 cent range IMO
This is a stock you can't afford to miss out on.
Predicted $500 million in sales the first year from new drug
Market cap is only about $24 million!
EOD run coming
The gap is filled, Huge news expected which will send this to 15 cent land. This will have a ncie EOD run IMO
GSHF - Huge news!
GSHF NEWS!
June 07, 2006 12:46 PM US Eastern Timezone
Hugo International Telecom Completes Acquisition of Mean Green BioFuels from GreenShift Corporation
NEW YORK--(BUSINESS WIRE)--June 7, 2006--Hugo International Telecom, Inc. (OTC Bulletin Board: HGOT) today announced it closed its acquisition of Mean Green BioFuels, Inc., from GreenShift Corporation (OTC Bulletin Board: GSHF), Hugo's majority shareholder.
Under the terms of the acquisition agreements, Hugo has acquired 100% of the issued and outstanding stock Mean Green BioFuels and its subsidiaries and exchange GreenShift's current 67% stake in Hugo in return for the assumption by Hugo of about $2.0 million of debt and the issuance to GreenShift of a new class of Hugo preferred stock that is convertible into 80% of Hugo's issued and outstanding stock.
Mean Green intends to finance, build and operate several biodiesel production facilities in the U.S. The feedstock for these facilities will include corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing its first planned biodiesel production facility to operate at 45 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility is expected to utilize traditional esterification and transesterification methods as well as other proprietary processes.
A key aspect of the Mean Green business model is its reliance on new sources of biodiesel feedstock's produced by its clean technology partner, Veridium Corporation (OTC Bulletin Board: VRDM), another GreenShift company.
Mean Green is party to a strategic alliance with Veridium pursuant to which Mean Green has the ongoing exclusive right of first refusal to purchase Veridium's various biodiesel feedstock's including the high grade corn oil that Veridium extracts from an ethanol by-product called distillers dried grain ("DDG") with Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is based on its provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing corn oil market prices. Veridium intends to purchase and sell its extracted corn oil as a high grade corn oil product until Mean Green's first biodiesel production facility commences operations, at which point Mean Green intends to purchase the oil from Veridium based on a fixed discount to prevailing fuel prices.
As previously announced, Hugo intends to change its name to GS AgriFuels Corporation in conjunction with the closing of this acquisition.
About Hugo International Telecom, Inc.
Hugo International Telecom is 67% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Hugo International Telecom, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts
GSHF - Huge news!
GSHF NEWS!
June 07, 2006 12:46 PM US Eastern Timezone
Hugo International Telecom Completes Acquisition of Mean Green BioFuels from GreenShift Corporation
NEW YORK--(BUSINESS WIRE)--June 7, 2006--Hugo International Telecom, Inc. (OTC Bulletin Board: HGOT) today announced it closed its acquisition of Mean Green BioFuels, Inc., from GreenShift Corporation (OTC Bulletin Board: GSHF), Hugo's majority shareholder.
Under the terms of the acquisition agreements, Hugo has acquired 100% of the issued and outstanding stock Mean Green BioFuels and its subsidiaries and exchange GreenShift's current 67% stake in Hugo in return for the assumption by Hugo of about $2.0 million of debt and the issuance to GreenShift of a new class of Hugo preferred stock that is convertible into 80% of Hugo's issued and outstanding stock.
Mean Green intends to finance, build and operate several biodiesel production facilities in the U.S. The feedstock for these facilities will include corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing its first planned biodiesel production facility to operate at 45 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility is expected to utilize traditional esterification and transesterification methods as well as other proprietary processes.
A key aspect of the Mean Green business model is its reliance on new sources of biodiesel feedstock's produced by its clean technology partner, Veridium Corporation (OTC Bulletin Board: VRDM), another GreenShift company.
Mean Green is party to a strategic alliance with Veridium pursuant to which Mean Green has the ongoing exclusive right of first refusal to purchase Veridium's various biodiesel feedstock's including the high grade corn oil that Veridium extracts from an ethanol by-product called distillers dried grain ("DDG") with Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is based on its provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing corn oil market prices. Veridium intends to purchase and sell its extracted corn oil as a high grade corn oil product until Mean Green's first biodiesel production facility commences operations, at which point Mean Green intends to purchase the oil from Veridium based on a fixed discount to prevailing fuel prices.
As previously announced, Hugo intends to change its name to GS AgriFuels Corporation in conjunction with the closing of this acquisition.
About Hugo International Telecom, Inc.
Hugo International Telecom is 67% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Hugo International Telecom, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts
GSHF - Huge news!
GSHF NEWS!
June 07, 2006 12:46 PM US Eastern Timezone
Hugo International Telecom Completes Acquisition of Mean Green BioFuels from GreenShift Corporation
NEW YORK--(BUSINESS WIRE)--June 7, 2006--Hugo International Telecom, Inc. (OTC Bulletin Board: HGOT) today announced it closed its acquisition of Mean Green BioFuels, Inc., from GreenShift Corporation (OTC Bulletin Board: GSHF), Hugo's majority shareholder.
Under the terms of the acquisition agreements, Hugo has acquired 100% of the issued and outstanding stock Mean Green BioFuels and its subsidiaries and exchange GreenShift's current 67% stake in Hugo in return for the assumption by Hugo of about $2.0 million of debt and the issuance to GreenShift of a new class of Hugo preferred stock that is convertible into 80% of Hugo's issued and outstanding stock.
Mean Green intends to finance, build and operate several biodiesel production facilities in the U.S. The feedstock for these facilities will include corn oil derived from ethanol facilities, soybean oil, and animal fats. Mean Green is designing its first planned biodiesel production facility to operate at 45 million gallons per year and to be expandable to accommodate growth. Each Mean Green biodiesel facility is expected to utilize traditional esterification and transesterification methods as well as other proprietary processes.
A key aspect of the Mean Green business model is its reliance on new sources of biodiesel feedstock's produced by its clean technology partner, Veridium Corporation (OTC Bulletin Board: VRDM), another GreenShift company.
Mean Green is party to a strategic alliance with Veridium pursuant to which Mean Green has the ongoing exclusive right of first refusal to purchase Veridium's various biodiesel feedstock's including the high grade corn oil that Veridium extracts from an ethanol by-product called distillers dried grain ("DDG") with Veridium's patent-pending Corn Oil Extraction System(TM).
Veridium's pricing model for its Corn Oil Extraction Systems(TM) is based on its provision of its turn-key systems for no up-front cost in return for long-term corn oil purchase agreements based on a fixed discount to prevailing corn oil market prices. Veridium intends to purchase and sell its extracted corn oil as a high grade corn oil product until Mean Green's first biodiesel production facility commences operations, at which point Mean Green intends to purchase the oil from Veridium based on a fixed discount to prevailing fuel prices.
As previously announced, Hugo intends to change its name to GS AgriFuels Corporation in conjunction with the closing of this acquisition.
About Hugo International Telecom, Inc.
Hugo International Telecom is 67% owned by GreenShift Corporation (OTC Bulletin Board: GSHF), whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Hugo International Telecom, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Contacts
XKEM - L2s Amazing!
Watch this explode:
NLST - It's a guarantee almost
No matter what the price does now, once those hurricanes start threatening the US this will be in $1-$1.50 range easy IMO
FGFC - Major Buyback news!
NEW YORK, Jun 07, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." Said Abraham Rosenman President
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
FGFC - Great News!
NEW YORK, Jun 07, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." Said Abraham Rosenman President
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
FGFC - Great News!
NEW YORK, Jun 07, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." Said Abraham Rosenman President
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
FGFC - Great News!
NEW YORK, Jun 07, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." Said Abraham Rosenman President
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
FGFC - Great News!
NEW YORK, Jun 07, 2006 (BUSINESS WIRE) -- First Guardian Financial Corporation (Pink Sheets: FGFC) today reported that its Board of Directors has adopted a resolution on Tuesday, June 6, 2006, to reduce the Company's authorized shares of common stock by 320 million shares.
The reduction will lower First Guardians Financial Corporations authorized common shares from 520 million to 200 million of which (101,252,132 shares are restricted and in managements control) leaving 98,917,952 common shares available. "This resolution reflects the commitment of First Guardian Financial Corporations management and Board of Directors to restrict any dilution and build value for our current and future shareholders," commented Abraham Rosenman, President
The company has issued an additional 59,681,800 million common shares for the acquisition of Buysellmerge.com, Windsor Capital Ltd. and the establishment of Trafalgar Leasing & Finance Corporation thus after the issuance of said shares the current issued and outstanding/float stands at 78,331,916 shares.
At the same meeting, the board of directors agreed to review certain proposals to establish/obtain a revolving line of credit of up to ($10,000,000) million dollars to be used for development, growth and working capital for the company's current entities, the board of directors also agreed to continue its banking relationship with JP Morgan Chase.
"The company has taken this share restructuring to increase the value of our share price, as we believe that the company at this point is extremely undervalued and does not reflect the true value/market cap. We do not intend to increase the share structure for further growth, instead we will use revenues and traditional bank financing to grow the company going forward." Said Abraham Rosenman President
About First Guardian Financial Corporation:
The company is a Financial Holding Company currently providing Commercial Real Estate Financing & Invests for its own portfolio in small to mid sized businesses. Its primary goal is to provide short term financing within the commercial real estate market and invest and or provide secured short term financing to businesses either in the start up stage or growth stage throughout the United States.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
With the market cap under $30 milloin, this stock is still tremendously undervalued. They could have 20 times their market cap in sales alone just in Africa next year!