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EIHC merger news
OTCQB, 47M O/S, merger could generate 140M revenue per year
EIHC up 50%
1. OTCQB
2. O/S 47M as of Nov. 2010
3. New merger could bring 140M in revenue per year!
O/S 47M as of November. This could fly and fast.
EIHC:.05 up, very thin to .19
EIHC Merger, Low Float
Equisol Signs Letter of Intent to Acquire Tower Turbines, Inc.
WEST CONSHOHOCKEN, PA, Mar 09, 2011 (MARKETWIRE via COMTEX) -- Equisol LLC, a wholly-owned subsidiary of Environmental Infrastructure Holdings (OTCBB: EIHC), which is the parent company of various environmental manufacturing, engineering and services companies, announced that it signed a letter of intent to purchase 100% of the stock of Tower Turbines, Inc.
Tower Turbines is focused on providing renewable, green power generation by developing and commercializing patentable processes using currently available technologies to capture energy from water flow in existing and new water towers. Their target market initially consists of 1750 water towers with an anticipated revenue generation of $250,000 per tower per year.
Kurt Given, Equisol's CEO, states, "We look forward to applying Equisol's service and installation expertise and capabilities to accelerate Tower Turbine's technologies commercialization plans and allow us to enter the renewable energy market."
The transaction is planned to close by June 1st once required funding is completed.
About Environmental Infrastructure Holdings Corp. Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Xiom Corp. is a technology company focused on the delivery of plastic powder coatings at on-site locations utilizing its proprietary XIOM 1000 System. The Company's unique coating process can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory.
EIHC Merger
Equisol Signs Letter of Intent to Acquire Tower Turbines, Inc.
WEST CONSHOHOCKEN, PA, Mar 09, 2011 (MARKETWIRE via COMTEX) -- Equisol LLC, a wholly-owned subsidiary of Environmental Infrastructure Holdings (OTCBB: EIHC), which is the parent company of various environmental manufacturing, engineering and services companies, announced that it signed a letter of intent to purchase 100% of the stock of Tower Turbines, Inc.
Tower Turbines is focused on providing renewable, green power generation by developing and commercializing patentable processes using currently available technologies to capture energy from water flow in existing and new water towers. Their target market initially consists of 1750 water towers with an anticipated revenue generation of $250,000 per tower per year.
Kurt Given, Equisol's CEO, states, "We look forward to applying Equisol's service and installation expertise and capabilities to accelerate Tower Turbine's technologies commercialization plans and allow us to enter the renewable energy market."
The transaction is planned to close by June 1st once required funding is completed.
About Environmental Infrastructure Holdings Corp. Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Xiom Corp. is a technology company focused on the delivery of plastic powder coatings at on-site locations utilizing its proprietary XIOM 1000 System. The Company's unique coating process can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory.
Forward-Looking Statements This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Investor Contact:
EQUISOL, LLC
866-629-7656
www.equisolgroup.com
SOURCE: Environmental Infrastructure Holdings Corp.
Equisol Signs Letter of Intent to Acquire Tower Turbines, Inc.
WEST CONSHOHOCKEN, PA, Mar 09, 2011 (MARKETWIRE via COMTEX) -- Equisol LLC, a wholly-owned subsidiary of Environmental Infrastructure Holdings (OTCBB: EIHC), which is the parent company of various environmental manufacturing, engineering and services companies, announced that it signed a letter of intent to purchase 100% of the stock of Tower Turbines, Inc.
Tower Turbines is focused on providing renewable, green power generation by developing and commercializing patentable processes using currently available technologies to capture energy from water flow in existing and new water towers. Their target market initially consists of 1750 water towers with an anticipated revenue generation of $250,000 per tower per year.
Kurt Given, Equisol's CEO, states, "We look forward to applying Equisol's service and installation expertise and capabilities to accelerate Tower Turbine's technologies commercialization plans and allow us to enter the renewable energy market."
The transaction is planned to close by June 1st once required funding is completed.
About Environmental Infrastructure Holdings Corp. Environmental Infrastructure Holdings (EIHC) is the parent company of diverse environmental manufacturing, engineering and services companies. Currently, EIHC has two subsidiaries Equisol, LLC and Xiom Corp. as well as investments in various joint ventures and partnerships.
Recognized in 2008 by INC Magazine as the 7th fastest growing private environmental services company in America, Equisol, LLC, is a unique equipment solutions provider specializing in the water and wastewater industry. Its team of top-rated engineers specializes in automation equipment and services across multiple industries where water use and automation are important.
Xiom Corp. is a technology company focused on the delivery of plastic powder coatings at on-site locations utilizing its proprietary XIOM 1000 System. The Company's unique coating process can be applied without use of an oven to cure the coating, and can be applied to most substrates in addition to the metal substrate to which powder coatings are traditionally applied in a factory.
Forward-Looking Statements This press release contains forward-looking statements, which represent the Company's expectations or beliefs, including, but not limited to, statements concerning plans, acquisitions, new product development, growth and strategies, which include, without limitation, statements preceded or followed by or that include the words may, will, expect, anticipate, intend, could, estimate, or continue or the negative or other variations thereof or comparable terminology. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. These statements by their nature involve substantial risks and uncertainties, some of which are beyond the Company's control, and actual results. Readers should carefully review the risk factors described in other documents the Company files from time to time with the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K for the year ended December 31, 2009, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
Investor Contact:
EQUISOL, LLC
866-629-7656
www.equisolgroup.com
SOURCE: Environmental Infrastructure Holdings Corp.
148M outstanding?! I just found this tidbit of info on Eagle Environmental's website. Not sure if this is new or old, but with the stocks recent activity, I'm guessing we are near 'fully diluted' status.
"Eagle has recently been restructured, having consolidated its assets. On a fully-diluted basis, the Company has 148,090,528 shares outstanding with approximately 30 million in the float."
www.egvr.com/company.htm
30's back by noon
All this activity on no news speaks volumes as to the legitimacy of PSPW's plans.
These guys need to get their butt in gear and get off the 'pink sheets limited info' tier. No reason they shouldn't be OTCQB. And why are they filing financials on what looks like cheap company letterhead and not in a 10-q format. Does not help their credibility.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=42768
Their last 'official' filing was for the period ending 1/31/10.
http://www.otcmarkets.com/stock/EGOH/financials
I have no problem picking up another 30K shares if this hits .15 range. And I don't think I'm alone in that thinking. PSPW will make for an interesting spring/summer (and beyond).
Makes sense, thanks for the explaination. As if we don't have enough good news, just think of the great message it will send if he decides to take shares instead of his fees (115% of $350/hr x a crapload of hours)
According to filing #544 by Kaufman on 2/28, the court has yet to rule on whether he will receive shares or cash. The way it is worded in the filing, the judge will make the decision, not Kaufman. It is located near the end of the filing. Wondering if anyone has some insight here. The only thing I can think of is that he wants the shares, but the judge has to sign off on it.
To clarify, there is no 'deadline'. They stated that the merger would take place sometime after April 5. I know how much we all like specific time frames, but with a deal this big, who knows it may take until May/June to work out the details. Either way, I'm holding and this will be huge!
If folks decide to get out today and hope for a drop back into the teens, that will be just about the time PSPW announces their financing arrangement and back to 30's and beyond we will go.
Delays are inevitable in the OTC market. At least this one has what seems like a legitimate plan of attack. I think those that were looking for a quick buck sold near .38 on Friday. I am actually more encouraged that this isn't a run of the mill 'pink sheet scam'.
The CEO's got too drunk at the big lunch meeting today that what's his name arranged and forgot to put in their buy orders. Heard they ended up at Scores in NYC.
215K in $ volume traded already today ! Yeah.
I second that thought. I'm thinking more like the week of March 7th before the 'official' word.
Here's why PSPW isn't like most:
and by most TRDY, and SAEI come to recent memory
1. You haven't heard Seawind comment that this merger is bogus. If it was b.s., they would be getting so many inquiries that they would have addressed the issue by now.
2. Rudana Investment Group (the very successful Rudana) owns 27.7 million shares of PSPW. This isn't some made up company that has an office in the back of a auto repair shop.
I realize these facts have been covered well on this board, but sometimes a friendly reminder helps some folks out.
I find it interesting that PSPW trades in markets all over the world. I can't think of another OTC stock that trades in so many markets. Wondering what folks think of this?
Shorts must be covering. Just look at the volume this past week. The first few weeks of March will be quite interesting.
What the heck is ARCA doing down here in pinkie stinky land? Is this the signal we've been looking for. Are the big boys near?
Just look at the recent volume. Averaging 300K per day the past week. And already at 200K this early in the morning. This is gonna blow open very soon.
If that happens, we're talking a gap to .50+ with dollar land and beyond by end of trading day. Don't ya think?
I completely agree. Pennies rarely/never meet date targets. I agree we see something concrete early to mid March and a teaser PR around the 25th. I will be more than willing to average down if this dumps on the 25th or 28th.
Actually he SOLD 1.4M shares.
http://www.otcmarkets.com/stock/EBIG/insider-transactions
He did not buy 3.7M shares, he bought 2.5M and sold 1.1M for a net of 1.38M The 2.5M was purchased at .02 however and he currently holds around 6.5M.
http://www.otcmarkets.com/stock/TTIN/insider-transactions
Also if someone could update the Ibox, he states in the press release that the current float is around 79M.
http://www.otcmarkets.com/stock/TTIN/news
Gotta love pink sheet land. I just hope they really do have something in the works.
Oops, shame on me indeed. There it was in plain english. Thanks for all your DD, great job on the board.
Do we know how many shares Seawind has in private placement. Can't seem to find that info anywhere. Just curious as they plan on doubling the AS while converting Seawind shares into PSPW shares. My uneducated estimate is somewhere in the 20M range.
Should I be worried PSPW's phone number goes right to voice mail? From their latest filing: (866) 523-5551
That's a very interesting article. I like what I'm hearing about PSPW, but for every penny stock that takes off, there's 100 SAEI's out there.
Does anybody know if the court date on 2/10/11 for Kaufman's compensation is when Kaufman would decide whether or not he is accepting the share option instead of cash?
It does seem as though the float is tightly controlled. In that case, it could go to .25 and beyond in a blink especially if MM's start to cover.
Today we need: VOLUME, volume, and more volume. Would be nice to see another 1M shares traded today. She doesn't do well when volume drops off.
NITE's turn at the top
3.4M shares traded back on 10/11 when we hit .30. Almost at 1M already this AM.