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lol thanks bb ;)
I would also like to share this
http://www.marketbeasts.com/
I am a partner in this web site
and dont want to spam it but it
is so kewl lol, contest is in beta
but will offer prizes of company
shares that we are promoting.
so its free to join and hope you
can check it out and pass it around.
TIA, Jeff
fwiw, AVTI news worth reading IMO.............
AVTI -- Accord Advanced Technologies, Inc.
Accord Advanced Technologies Announces Shareholder Approval of Merger, Reverse Stock Split and Name Change
CARROLLTON, Texas, Jul 18, 2001 (BUSINESS WIRE) -- Accord Advanced Technologies Inc. (Pink Sheets: AVTI) Wednesday announced that the majority of its shareholders have approved the merger with Enpetro Mineral Pool and the name change to Central Utilities Production Corp. as well as a 1-for-2 reverse stock split.
Stan Dedmon, president and chief executive officer of the newly formed company said, "Based upon the report of an independent petroleum engineer who is also a certified professional geologist, the net present value of the oil and gas reserves transferred into Accord, after substantial discounts, total $43,634,593."
Dedmon went on to state that, "The company is producing under the leases in Kentucky and Tennessee and has acquired other leases in Texas. It is anticipated that the company will be profitable in four months."
Dedmon further said, "All required reports have been filed with the SEC and the information required for the name change, reverse stock split has been forwarded to the NASD.
"The information required for the company to be re-listed on the OTC BB is being prepared for submission to the NASD and, as soon as approved, the company will commence trading on the OTC BB under a new symbol."
A quotation on the stock can be found at www.pinksheets.com symbol AVTI.
Central Utilities Production Corp. is an oil and gas producing company with more than 1 million barrels of oil and 10 billion cubic feet of natural gas on its properties located in Kentucky and Tennessee.
The company is seeking other oil and gas producing properties. The company will have the ability to expand to wholesale pipeline marketing and into the electrical power generating business. The company is based in Carrollton.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof.
Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "plan," "expect," or similar expressions, and are subject to numerous known and unknown risks and uncertainties.
In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, including the above matters and in the company's SEC filings. These risks and uncertainties could cause the company's actual results to differ materially from those indicated in the forward-looking statements.
CONTACT: Central Utilities Production Corp.
972/442-3775
bb , yep and....
they should be filing to get off soon, more just to keep an eye out and I wont mention stiny pinky no more lol
time IMO to do some DD on PLFM......eom
fwiw IBIZ, News......>
iBIZ Technology Secures Manufacturer's Representatives To Support Business Development
PHOENIX, July 17 /PRNewswire/ -- iBIZ Technology Corp. (OTC Bulletin Board: IBIZ - news), a leading manufacturer of PDA/handheld accessories and a provider of data center/co-location services and cabling for business infrastructure and networks, today announced the addition of five manufacturer's representatives to support the Company's business development strategy.
Berberian & Associates, Continental Merchandisers, Inc., IVCSR, and Intelligent Products Marketing Inc., operating in the major regions of the United States, and LatinRep Associates, operating in Latin America, will represent iBIZ by marketing its line of PDA accessories to large retail and online distributors of consumer electronics, computers, office equipment and supplies, and other consumer products. The representative firms will also be responsible for maintaining ongoing relationships with, and building sales through, several existing distributors of iBIZ PDA accessories.
Mark Perkins, iBIZ executive vice president, commented: ``Based on the growing use of PDAs, handheld computers, and widening acceptance of iBIZ PDA accessories, we feel that higher visibility and brand exposure are the key to increasing sales. By incorporating the use of regional representatives with our existing sales team for accounts throughout the United States and in Latin America, we expect to quickly extend our marketing presence and reach untapped or under-served channels.
``The expansion of our sales network offers the potential to accelerate our time to market. These rep groups are in existing relationships with the same class of retailers and distributors iBIZ currently targets,'' Perkins added. ``We expect the enhanced sales presence coupled with a targeted approach to produce significant results, moving us closer to achieving our strategic objectives.''
About iBIZ Technology
iBIZ is a leading manufacturer and distributor of accessories for personal digital assistant (PDA) and handheld devices. iBIZ is recognized for innovative, high-quality, competitively-priced products available through major retailers. iBIZ also creates, develops and hosts business Web sites through its co-location data center. iBIZ cabling services enable data/voice networks, wireless and fiber optic telecommunications systems, build-outs, and plant infrastructure.
For more information on iBIZ products and services, go to www.ibizcorp.com or e-mail sales@ibizcorp.com or call 800/234-0707.
LOL Yep BB, thats why I never push my profits past 1 day like
NHTC in .04 sold at .069 yesterday, no way them thieves will let it run. worse yet I was afraid news would come out and it would sell off to .01 lol
Would like your opine on CPVD though?
rager
fwiw MM's suck big time today....eom
fwiw DNAP News.................
SARASOTA, Fla., Jul 17, 2001 (BW HealthWire) -- DNAPrint genomics, Inc.
(OTCBB: DNAP) announced today that it has entered into a joint venture with
DNAPRO (M) SDN BHD of Selangor, Malaysia to expand DNAPrint's pharmacogenomics
presence overseas. The partnership establishes a new subsidiary, DNAPrint
genomics (M) SDN BHD, that will be the world's first to devote all of its
efforts to the development of genomics-based, personalized medical products
specifically geared for Malaysian, Indonesian and other Southeast Asian
populations.
The new subsidiary will combine DNAPrint know-how, informatics, and data
resources (SNP maps and Haplotype vectors) with DNAPRO's established political
and business infrastructure to perform population genetic research and develop
genomics-based classification products relevant to the Southeast Asian market
Things are lookung better..........>
http://www.animfactory.com/animations/animals/pigs/pig_fly_md_sky.gif
XCEL reconsiders................
A R/S is still A R/S so I am not impressed just showing the lastest, rager
Monday July 16, 3:47 pm Eastern Time
Press Release
Solar Energy Ltd. Listens to Shareholders
LOS ALAMOS, N.M.--(BUSINESS WIRE)--July 16, 2001--Solar Energy Ltd. (OTCBB:XSEL - news) today announced that the board of directors has been responsive to the concerns of its shareholders by reducing the ratio of the reverse stock split that was previously announced.
As earlier reported, XSEL's immediate thrust has been to raise working capital to complete the design, construction and testing of three of its major projects: H2ONOW, MECH and Solarec. XSEL had evaluated the following alternatives to raise working capital in view of its low stock price.
1. Private placement/sale of stock
At the level the stock was trading at the close of business on the
day before notifying the NASD of our previously announced reverse
split, more than 45 million shares would have to be issued to
raise $5 million. Generally in a private placement of restricted
stock it is necessary to discount the price of the stock from
35%-50% of what it is trading for in the market. We determined that
this dilution would not be in the best interest of the company.
2. Joint Venture with a ``Major Company''
A new private company formed to which XSEL would contribute one of
its eight projects/technology for 50% of the shares of the new
company and the "Major Company" would contribute the working
capital for the other 50%. Negotiations are underway with two
companies, but there is no assurance that these negotiations will
be successfully completed.
3. Transaction with an existing public company
The concept is that XSEL would sell one of its major assets to an
existing public company in exchange for a significant share
position in that other public company. This type of transaction
would be subject to the new public company having sufficient
working capital to complete XSEL's program. Two possible
transactions are being discussed. If such a transaction were
consummated, it would be consistent with XSEL's aim to be an
incubator of water, pollution and energy concepts.
In view of some shareholders' concerns to the proposed rollback, the directors have reconsidered its proposed 50:1 rollback and approved the following:
1. Shares of common stock will be rolled back 10:1 (rather than
50:1). The split will apply to shares owned of record at the close
of business on July 19, 2001. The effective date for the split
remains July 20, 2001. A mandatory share exchange will be required
to effect this forward split, therefore shareholders of the record
date will be required to surrender their shares to the company's
transfer agent for re-issuance. The split will be payable on
surrender of shares. Pursuant to the mandatory share exchange, the
symbol of Solar Energy will be changed to ``SLRE'' on July 20, 2001.
2. Additional shares to be issued post the effectiveness of the split
will be in consideration of the forgiveness of existing debt,
which consists of shareholders' loans totaling approximately
$1 million. The loans will be converted to shares at the average
of the 10-day trading after the rollback.
The board of directors believes that by these actions shareholders are treated fairly, equally and can participate in the growth of the company at the same rate as all shareholders and debt converters.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words ``believes,'' ``expects,'' ``anticipates'' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. (Such factors include, among others, the risk factors contained in the company's filings with the Securities and Exchange Commission). In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. The company will remain dependent upon future financing for its growth and development and for it to successfully implement its business plan. No statement contained herein should be construed as indicating that such financing is or will be available, and if available, will be on terms favorable to the company. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
fwiw news out on FONX, THFZ and CMKI..good luck today all..em
some great research tools.......
from redsback on RB.............
Investors Tools: News Site
http://www.hoovers.com/
http://www.edgar-online.com/
http://www.edgar-online.com/
http://www.cnn.com/
http://www.zacks.com/
http://biz.yahoo.com/bw/
http://www.cnbc.com/
http://www.businesswire.com/
Investor Tools: Live Chart, Quote, Level 2
http://bigcharts.com
http://www.clearstation.com/doc/help.shtml
http://www.bloomberg.com/markets/ipocenter.html?sidenav=front
http://www.abovetrade.com/
http://www.equityalert.com/home/index.asp
http://money.net/
http://www.bigcharts.com/
http://www.tscn.com/wsc/Free_RT_Quotes.html
http://www.internetinvesting.com/afterhours.htm#after
http://www2.barchart.com/
http://www.bloomberg.com/markets/index.html
http://www.edgar-online.com/bin/esearch/?query=ambra&qt=0&date=1994&I1.x=39&I1.y=8
http://www.fool.com/
http://www.siliconinvestor.com/index.gsp
http://www.mytrack.com/
http://www.clearstation.com/
http://host.cnbc.com/jetson/Last_n_Trades.html?Symbol=hics&Button=Submit
http://www.deepinsight.com/
http://www.internetstocknews.com/
http://www.quote.com/quotecom/livecharts/default.asp
http://cbs.marketwatch.com/news/newsroom.htx
http://www.stockmaster.com/
http://quotes.freerealtime.com/rt/frt/
Investors Tools: Research, Reference Site
http://www.sec.gov/
http://www.otcbb.com/dynamic/
http://www.nasdaq.com/default.asp?redir=no
http://www.amex.com/
http://www.nasdaq.co.uk/
http://www.nikkei.co.jp/
http://www.siebertnet.com/html/wall_street_words.html
http://www.insidertrader.com/includes/ticker_summary.asp
http://www.thomsoninvest.net/iwatch/cgi-bin/iw_page
http://www.investorwords.com/i2.htm#insider
http://members.tripod.com/pinkies1/lingo.html
http://www.allstocks.com/
http://www.ipo.com/
http://www2.canada-stockwatch.com/
To Help With Research:
Part I - Intro to SEC Forms
http://www.fool.com/dripport/2000/dripport000106.htm
Part II - Some definitions
http://www.fool.com/dripport/2000/dripport000113.htm
Part III - The Balance Sheet
http://www.fool.com/dripport/2000/dripport000120.htm
Part IV Noncurrent Assets
http://www.fool.com/dripport/2000/dripport000127.htm
Part V Current Liabilities Explained
http://www.fool.com/dripport/2000/dripport000203.htm
Part VI Understanding Noncurrent Liabilities
http://www.fool.com/dripport/2000/dripport000210.htm
Part VII Finishing the Balance Sheet
http://www.fool.com/dripport/2000/dripport000217.htm
Part VIII Fun with Numbers
http://www.fool.com/dripport/2000/dripport000224.htm
Part IX - Balance Sheet Finale
http://www.fool.com/dripport/2000/dripport000302.htm
Part X Introducing the Income Statement
http://www.fool.com/dripport/2000/dripport000316.htm
Part XI - Income Statement Demystified
http://www.fool.com/dripport/2000/dripport000406.htm
Company reports can be found here
http://www.freeedgar.com
http://www.edgar.com
The anatomy of an IPO
http://www.capetech.com/dkossman/
Martindale's Desk Reference (All Purpose-Must Visit-Unbelievable Website)
http://www-sci.lib.uci.edu/~martindale/Ref.html
Software
SpeedResearch Browser
http://www.speedresearch.com/stockwatch/
Penny Gold
http://www.goodbytes.com/pennygold/
Multi engine search pages
All-in-one
http://www.allonesearch.com/
Frame Search
http://framesearch.net/
Cnet Multi-engine
http://www.search.com/
Starting Point
http://www.stpt.com/
Morning All, some interesting post re: MFLM fwiw......
These are from Vinny on MFLM board if you haven't seen them.
------------------
pennybuster: As of an hour ago, although I don't know the balance left on the CD, it is NOT finished with it's conversion.
There is a funding deal in the mid seven figures that has not transferred funds to the MFLM accounts yet. The company plans on retiring all debt, including CD's upon receipt, and I have been informed that a press release will be issued when this happens.
Until the funding hits the bank, the IG will continue to convert the CD into shares.
Big difference in CD being completed, and the intent to complete upon receipt of certain funds.
My contract entails many things, but it does not require me to be a live in poster on Raging Bull or any other message board. I answer an average of 100 emails per day, and spend at least 2 hours per day on the phone with the company, it's affiliates, and other interested parties. I also have contact with floor traders, brokers, and investment groups.
FWIW, it is my opinion that the IG has been shorting the stock heavily into this recent buying activity. The good side of the coin is that someone is buying or the volume would not be there. MM's are not going to eat that many shares for their inventory. I would imagine that there has been a significant increase in the O/S recently. I will call on Monday to get more correct numbers from the transfer agent. Something that most may not know, is that the transfer agent cannot record O/S increases until the IG notifies the company to issue the shares. If they are shorting, then they have not notified the company yet, so even a weekly update might not be accurate. I will try to provide as timely and accurate info on the share counts as possible, but I will not call the transfer agent every day. It will be every week or 10 days.
News on GTLS....FYI--------->
GTS Performs Debt for Equity Exchanges
Transactions are Consistent with Ongoing Recapitalisation Programme
LONDON--(BUSINESS WIRE)--July 13, 2001--Global TeleSystems, Inc. (``GTS'') (OTC: GTLS; NASDAQ EUROPE: GTSG; Frankfurt: GTS) announced today that it has entered into an agreement with a third party to exchange the third party's holding of $35.5 million aggregate principal amount of GTS's 5.75% Senior Subordinated Convertible Debentures due 2010 (the ``Converted Debentures'') for shares of GTS common stock. Under the terms of the agreement, GTS will issue 8,165,000 shares of its common stock in exchange for the early discharge and cancellation of the Converted Debentures.
In addition, GTS entered into another agreement with the same third party to exchange the third party's holding of 4,340,950 Depositary Shares, each representing 1/100 of a share of GTS's 7.25% Cumulative Convertible Preferred Stock (the ``Converted Depositary Shares'') for shares of GTS common stock. The terms of this exchange agreement will result in GTS issuing an additional 21,704,750 shares of its common stock in exchange for the cancellation of the Converted Depositary Shares. Following completion of this transaction, GTS will have approximately 5.7 million Depositary Shares outstanding.
The above transactions are in addition to previously reported transactions effected by GTS with other parties during the second quarter of 2001, which extinguished approximately $104.5 million aggregate principal amount of GTS's 5.75% Senior Subordinated Convertible Debentures due 2010. After giving effect to all the above-described transactions, GTS will have approximately $326.9 million of such debentures outstanding.
Yes great news on KING IMO...morning all :)...eom
fwiw GTLS on OTCBBNN AH ...em
I bought more MFLM today at .0011 and I like to.....
gamble lol, for instance NRES up 38% today is still a big POS
CMIH, DREV, IDCN to name a few are all majorly abused by MMM
but the gamble is worth it IMO
rager
one to look at GTLS was GTS on the NYSE, I have played this
3 times this past month
todays news.....(do your DD)
LONDON / MOSCOW - 11 July 2001 - Global TeleSystems, Inc. ("GTS") (OTC:
GTLS; NASDAQ EUROPE: GTSG; Frankfurt: GTS) announced today that its Global
TeleSystems Europe Holdings, BV subsidiary has agreed to sell 2,272,727
shares of common stock in Golden Telecom, Inc. (NASDAQ: GLDN) to Golden
Telecom for $11 per-share, or $25 million. Golden Telecom is the largest
alternative provider of voice and data/Internet services in Russia and other
countries of the Commonwealth of Independent States (CIS). After the
conclusion of this sale, GTS will own 588,479 shares, or approximately 2.6
percent, of Golden Telecom.
The agreement is part of GTS's previously announced plan to divest most or
all of its interest in Golden Telecom as part of an overall restructuring
programme. On 14 May 2001, GTS announced that its subsidiary had has sold
most of its equity in Golden Telecom for $125 million to a group of
institutions (the "Purchasers") that included: Alfa Telecom Limited
("Alfa"), an affiliate of Alfa Bank; Capital International Global Emerging
Markets Private Equity Fund, L.P. ("Capital"); and a group of funds advised
by Baring Vostock Capital Partners ("BVCP"). As a part of that agreement,
the Purchasers acquired an option, exercisable over the subsequent 60 days,
to purchase up to an additional $25 million of Golden Telecom shares from
GTS at a price of $11.00 per share. They have now agreed to exercise this
option, with Golden Telecom acting as the designated purchaser of the
shares.
About GTS (www.gts.com )
GTS is the parent company of Ebone, the original and most experienced
data-only broadband optical and IP networking company in Europe. Its fibre
network extends over 22,000 kilometres, reaching virtually all major
European cities. The Ebone network is Europe's leading broadband IP network,
serving 25 percent of European Internet users, and the first IP network to
operate at 10 Gbps. The network is directly connected to North America via
Ebone's own trans-Atlantic fibre pair, which is initially provisioned with
80 Gbps of capacity. With operations in North America and in over 50
European cities, Ebone delivers tailored networking services to
telecommunication carriers, Internet service providers, Internet-centric and
multinational corporations.
ok FWIW PLFM news....>
I IMO think this will be big once contracts start flowing
but do your DD
Business Development Highlights
1. By mutual Agreement, Platforms and Americel have decided to re-
schedule the Brazilian launch of the ARC System for later this year.
The re-scheduling was necessary to allow sufficient time to complete
the ARC System ground infrastructure preparations, as well as to
complete the Aerostat financing arrangements and its construction.
2. Kristina Draper, Platforms ARC System Project Manager, stated: "Site
selection for the ARC System ground base station has been completed.
Americel is proceeding to acquire a 250m x 250m parcel of flat land,
approximately 10km. south of Goias Velho, Brazil, and is proceeding to
order the required ground base station equipment. The Company's Plans
are also under way for the construction of the: (i) aerostat mooring
station foundation; (ii) housing facilities for the aerostat command
and control ground station; and (iii) telecommunications ground-link
facilities."
Kristina Draper continued: "The first phase of the 'in-country'
project will be to deliver, the ARC System Communications Payload to
be tested as an integral component of the Americel cellular
telecommunications network, prior to the arrival of the Aerostat. We
expect the ARC System payload to be tested in Brazil in the third
quarter of 2001."
3. Francois Draper, Executive Vice President, COO & CTO of Platforms
Wireless stated: "At this time, pending the completion of some minor
ground tests, the ARC System cellular telecommunications Payload is
ready to go. The next critical System component is the airborne
delivery vehicle: the Aerostat Infrastructure Platform. The Aerostat
design and performance specifications have been completed, and we'll
be reporting on the Aerostat completion and delivery schedules
shortly."
4. Meetings between Platforms Vice President of Latin American Marketing
and Sales, Victor Ziller, and His Excellency, Marconi Ferreira
Perillo, the Governor of the State of Goias, the Vice Mayor of
Anicuns, and the Secretary of Industry and Commerce for the State of
Goias have proven very productive. Governor Perillo and his cabinet
members officially welcomed Platforms to the state of Goias and
offered the full support of the Governor's office.
Governor Perillo stated: "I welcome Platforms to Brazil and to the
State of Goias. We are very pleased to have been selected as the
international pilot site for the ARC System, and we look forward to
the deployment of this important telecommunications technology
throughout Brazil." (Coverage of meetings with Governor Perillo is
available on the PLFM Web site at www.plfm.net )
5. Victor Ziller and Marcio Nunes, Americel's Director of Cellular
Telecommunications Technology, recently met with The Honorable Pimenta
da Veiga, the Brazilian Minister of Communications, to discuss the ARC
System project, and the status of the System's proposed delivery and
implementation schedules. Victor Ziller reported that the Honorable
Pimenta da Veiga was very pleased with the progress of the ARC System
in Brazil and was looking forward to the installation of the System.
Mr. Ziller also stated that the Minister believes the ARC System
technology holds great promise for the advancement of
telecommunications in Brazil, and the Minister plans to make the first
ARC System wireless phone call during the ARC System inaugural
ceremony.
Mr. Ziller also reported that Americel was moving forward with plans
for the development of the ground infrastructure facilities in Goias
to accommodate the testing of the ARC System as an integral part of
the Americel cellular network. If the ARC System commercial
demonstration in Brazil is as successful as preliminary tests
indicate, the System will establish itself before a large
international industry audience as one of the most advanced and cost-
effective infrastructures for competitively expanding wireless
communications services into smaller cities and rural areas.
6. Mr. Ziller reported he will depart for South America shortly to
provide prospective ARC System customers in Colombia, Venezuela, and
Brazil with updated ARC System License Proposals, reflecting
technology advancements from an airborne infrastructure platform
originally based on three fixed-wing, manned aircraft per site, to a
single, unmanned Aerostat infrastructure platform per site. The
replacement of the fixed-wing aircraft approach, which included
multiple aircraft and pilot crews, costly aircraft fuel consumption,
and the complicated operating logistics of a 24/7, 3-shift operating
environment, with a single, unmanned Aerostat, has produced
significant cost/performance economies for the ARC System. This new
approach materially reduces the System's maintenance and operating
costs, while enhancing the service carrier's projected profitability.
7. On June 28, 2001, COI issued an official Product Certificate of
Conformance for the Airborne Relay Communications "ARC" System. The
Certificate confirms and certifies the functional and technical
compliance of the ARC System with the product engineering design
specifications of Americel's TDMA cellular telecommunications network
requirements.
8. On the international marketing front, the Platforms marketing and
sales organization continues to make progress, developing ARC System
potential business in South and Central America, the Caribbean, Asia,
and Africa.
William C. Martin, Chairman & CEO stated: "Platforms wishes to apprise its shareholders that the Company, like most other U.S. technology companies, was impacted by the adverse market conditions of the past year. The general business slowdown caused opportunity losses and postponements, as telecom carriers around the world, tightened their belts and reduced capital expenditure budgets. In the venture capital arena, the availability of investment capital reached record lows, and the Company experienced some setbacks in its ability to move forward with its operational and marketing programs, within the timeframes and schedules previously anticipated.
"The Platforms management team, however, is comprised of proven, seasoned professionals, familiar with the challenges of adversity and accustomed to operating under difficult circumstances. Our Company responded to the market challenges by tightening its own belt and focusing on business and capital development activities. As a result, important new business and capitalization opportunities are currently in development. Although we have experienced some delays in the execution timeline of our strategic corporate plan, our operational infrastructure remains strong, and our management team remains focused on the achievement of our strategic corporate objectives.
"Our management team is committed to the success of the Company, and we continue to press forward, educating telecom carriers on the unique and timely advantages of the ARC System, developing new business and capital resources, and pursuing opportunities to deploy the ARC System in international markets.
"Our conviction in the ARC System's worldwide potential is what fuels our confidence and determination, as well as that of our potential clients, stockholders, investors, employees, suppliers, and associates, who stay the course and help us every day to advance closer to our goal: to deliver on the promise of a unique and revolutionary wireless communications technology. The ARC System has the potential to become a strategic imperative for solving the explosive service demands and profitability problems of the telecommunications industry -- as well as a powerful catalyst for global progress, by providing a powerful, yet economical, wireless communications infrastructure platform for rural areas and the under-served, emerging nations of the world."
The Company expects to be able to provide further updates on the status of operating schedules, marketing operations, corporate financing, financial reporting, and SEC compliance in the forthcoming weeks.
About Platforms Wireless International Corporation
Platforms Wireless International Corporation (OTC: PLFM), headquartered in Los Angeles, California, is the developer and marketer of the revolutionary wireless communications technology known as the Airborne Relay Communications "ARC" System, and its Airborne, LTA host infrastructure, the ZerOGravity AeroStructure. Management believes these significant advances in the field of Airborne wireless communications technology, together with continuing technology improvements and new developments, will provide an efficient, cost-effective, broadband, voice and data communications alternative for augmenting, replacing, and supplementing terrestrial wireline and cellular telecommunications infrastructures, as well as high and low-earth orbiting satellites -- at significant savings in both cost and deployment time, as compared to conventional systems. Platforms has already announced its first ARC System Conditional Contract with Americel, S.A., one of the leading cellular telecommunications service providers in Brazil. Platforms can be found on the Web, at: www.plfm.net .
thinking of getting hooked on FONX, any thoughts?.TIA
hor air?.....
Want to bring to attention PLFM, they have a great technology
and it has been proven, problem being is management has kept shareholders in the dark a long time.
I have been in and out many times over the last 4 years.
this is not a reco, but to tell you that this puppy moves fast when it does, and there are many rumors happening.
so watch this like a hawk for news....IMO
and good luck, RAGER
worth a lil pop manana IMO...SVCW...EOM
Patsy, I am not even watching MONI as it is long term for me,em
An excellent tool for power users......
free download
http://www.sci.fi/~borg/rambooster/index.htm
I_like_bb, OMDA was she got network last...eom
Patsy, fwiw I bought MONI this A.M. even though I am a penny player only...just seams like a no brainer
rager
alexed, try this...
I just went through same thing and switched bays sounds wierd but it worked.
also great place for help
http://ragingbull.lycos.com/mboard/viewclub.cgi?board=CLB00510
peeking in to say hey...hi all and wonder if the reason IBIZ
is at .025 is because they are still doing a CD conversion?
also gum works well in holding all my puter parts together.ggg
Stock Purchase Agreement with PowerTek Holdings LTD
HYDRO ENVIRONMENTAL RESOURCES INC
(HYER.OB)
form 8-K
ITEM 5. OTHER EVENTS
On June 29, 2001, the Company entered into a Stock Purchase Agreement with PowerTek Holdings LTD, a Swiss holding
company. The Company is preparing a Proxy Statement in which shareholder approval of the Agreement will be sought. Closing
of the Agreement will be scheduled immediately following the Company's Annual Meeting which is proposed to the held on
August 15, 2001, subject to SEC approval of the proxy materials.
Summary of the Agreement
PowerTek Holdings, Ltd., a Swiss holding company, desires to acquire from the Company (a) the number of shares of the
Company's common stock such that after the acquisition of said shares, PowerTek shall have acquired 50% of the outstanding
common stock of the Company, on a fully diluted basis (the "Shares"); and (b) an option to purchase from the Company up to the
number of shares of the Company's outstanding common stock such that after PowerTek's full exercise of the option, PowerTek
shall have acquired an additional 20% of the outstanding common stock of the Company, on a fully diluted basis (the "Option
Shares").
Purchase Price
The purchase price for the Shares shall be $500,000. As additional consideration to the Company, during the two years following
the Closing, PowerTek (or an affiliate) agrees to expend no less than $2,000,000 on research and development in the field of
hydrogen powered fuel cell technology, which research and development and related technology shall be licensed to the Company
on a non-exclusive, royalty free basis for a period of 7 years after the date of the commencement of said research and
development subject to certain terms and conditions set forth in the Agreement.
Additional Agreements
1. Loans to the Company. Provided that the Company is not in default under the Agreement, prior to Closing, PowerTek agrees to
advance to the Company up to $200,000, which shall be treated as loans from PowerTek to the Company, bearing interest at the
rate of 10% per annum. Upon Closing, the amounts owing under the loans shall be credited against the $2,000,000 research and
development expenditure obligation. If Closing does not occur for any reason, PowerTek shall have the option to either demand
immediate payment in full of the loans or convert the amount of the loans to Hydro's common stock at 75% of the average of the
quoted market price of the stock at the close of the 30 business days immediately preceding the demand conversion date. The
Company agrees to deliver to PowerTek convertible promissory notes to memorialize such loans. The Company's delivery to
PowerTek of appropriate convertible notes is a condition to PowerTek's obligations to make any said loans.
2. Stock Warrants. At Closing, the Company shall issue to PowerTek a warrant to purchase the Option Shares at a purchase price
equal to 75% of the average of the quoted market price of the stock at the close of the 30 business days immediately preceding
the Warrant exercise date.
3. Board Appointments. At Closing, the Company agrees to cause certain shareholders to execute and deliver to PowerTek a
Voting Agreement pursuant to which said shareholders shall agree to vote their common shares in the Company in a manner that
ensures that PowerTek may nominate, elect and maintain a majority of the board of directors of the Company.
4. Relocation of the Company's Office. The Company agrees to relocate its principal place of business and head office to
Sacramento, California upon 30 days' written notice at any time following the Closing.
5. Registration Rights. The Company agrees to execute and deliver to PowerTek a Registration Rights Agreement providing for
the registration of PowerTek's common shares to be acquired under the Agreement.
6. No Further Interest in Company Going Concern. If, after Closing, PowerTek notifies the Company that it is not in favor of the
Company continuing to develop or exploit the technology of the Company, then PowerTek agrees to cause at least one of its
designated board members to resign from the Company's board and thereafter PowerTek agrees to vote for the director that the
Company may nominate as the replacement director and any successor thereof.
Termination
The Agreement may be terminated at any time prior to or on the Closing Date by the Company or by PowerTek upon written
notice to the other party. Under the Agreement, the Company granted to PowerTek, upon 24-hours' written notice delivered to the
Company at any time until 72 hours after termination of the Agreement prior to Closing, the right to purchase and acquire from the
Company the number of shares of the Company's outstanding common stock such that after PowerTek's full exercise of said
option, PowerTek shall have acquired 19.9% of the outstanding common stock of the Company, on a fully diluted basis, against
delivery to the Company of an amount equal to 75% of the average of the quoted market price of the stock at the close of the 30
business days immediately preceding the exercise date, times the number of such shares of stock with respect to which such
option is being exercised. Upon termination of the Agreement, no party shall have any liability to the other except for the
Company's obligations to repay the loans previously made to the Company by PowerTek, and to deliver the stock issuable upon
exercise of the option granted to PowerTek upon termination.
Stock Purchase Agreement with PowerTek Holdings LTD
HYDRO ENVIRONMENTAL RESOURCES INC
(HYER.OB)
form 8-K
ITEM 5. OTHER EVENTS
On June 29, 2001, the Company entered into a Stock Purchase Agreement with PowerTek Holdings LTD, a Swiss holding
company. The Company is preparing a Proxy Statement in which shareholder approval of the Agreement will be sought. Closing
of the Agreement will be scheduled immediately following the Company's Annual Meeting which is proposed to the held on
August 15, 2001, subject to SEC approval of the proxy materials.
Summary of the Agreement
PowerTek Holdings, Ltd., a Swiss holding company, desires to acquire from the Company (a) the number of shares of the
Company's common stock such that after the acquisition of said shares, PowerTek shall have acquired 50% of the outstanding
common stock of the Company, on a fully diluted basis (the "Shares"); and (b) an option to purchase from the Company up to the
number of shares of the Company's outstanding common stock such that after PowerTek's full exercise of the option, PowerTek
shall have acquired an additional 20% of the outstanding common stock of the Company, on a fully diluted basis (the "Option
Shares").
Purchase Price
The purchase price for the Shares shall be $500,000. As additional consideration to the Company, during the two years following
the Closing, PowerTek (or an affiliate) agrees to expend no less than $2,000,000 on research and development in the field of
hydrogen powered fuel cell technology, which research and development and related technology shall be licensed to the Company
on a non-exclusive, royalty free basis for a period of 7 years after the date of the commencement of said research and
development subject to certain terms and conditions set forth in the Agreement.
Additional Agreements
1. Loans to the Company. Provided that the Company is not in default under the Agreement, prior to Closing, PowerTek agrees to
advance to the Company up to $200,000, which shall be treated as loans from PowerTek to the Company, bearing interest at the
rate of 10% per annum. Upon Closing, the amounts owing under the loans shall be credited against the $2,000,000 research and
development expenditure obligation. If Closing does not occur for any reason, PowerTek shall have the option to either demand
immediate payment in full of the loans or convert the amount of the loans to Hydro's common stock at 75% of the average of the
quoted market price of the stock at the close of the 30 business days immediately preceding the demand conversion date. The
Company agrees to deliver to PowerTek convertible promissory notes to memorialize such loans. The Company's delivery to
PowerTek of appropriate convertible notes is a condition to PowerTek's obligations to make any said loans.
2. Stock Warrants. At Closing, the Company shall issue to PowerTek a warrant to purchase the Option Shares at a purchase price
equal to 75% of the average of the quoted market price of the stock at the close of the 30 business days immediately preceding
the Warrant exercise date.
3. Board Appointments. At Closing, the Company agrees to cause certain shareholders to execute and deliver to PowerTek a
Voting Agreement pursuant to which said shareholders shall agree to vote their common shares in the Company in a manner that
ensures that PowerTek may nominate, elect and maintain a majority of the board of directors of the Company.
4. Relocation of the Company's Office. The Company agrees to relocate its principal place of business and head office to
Sacramento, California upon 30 days' written notice at any time following the Closing.
5. Registration Rights. The Company agrees to execute and deliver to PowerTek a Registration Rights Agreement providing for
the registration of PowerTek's common shares to be acquired under the Agreement.
6. No Further Interest in Company Going Concern. If, after Closing, PowerTek notifies the Company that it is not in favor of the
Company continuing to develop or exploit the technology of the Company, then PowerTek agrees to cause at least one of its
designated board members to resign from the Company's board and thereafter PowerTek agrees to vote for the director that the
Company may nominate as the replacement director and any successor thereof.
Termination
The Agreement may be terminated at any time prior to or on the Closing Date by the Company or by PowerTek upon written
notice to the other party. Under the Agreement, the Company granted to PowerTek, upon 24-hours' written notice delivered to the
Company at any time until 72 hours after termination of the Agreement prior to Closing, the right to purchase and acquire from the
Company the number of shares of the Company's outstanding common stock such that after PowerTek's full exercise of said
option, PowerTek shall have acquired 19.9% of the outstanding common stock of the Company, on a fully diluted basis, against
delivery to the Company of an amount equal to 75% of the average of the quoted market price of the stock at the close of the 30
business days immediately preceding the exercise date, times the number of such shares of stock with respect to which such
option is being exercised. Upon termination of the Agreement, no party shall have any liability to the other except for the
Company's obligations to repay the loans previously made to the Company by PowerTek, and to deliver the stock issuable upon
exercise of the option granted to PowerTek upon termination.
Any thoughts on ZKEM anyone?
Larry this is enen funnier, JABI up 36% to .015 sheesh,
someone slap my fingers, just bought MFLM lol..eom
Happy Holiday....all
TCPI files chapter 11 after the bell, tsk tsk
drainebowl, crock patrol, doesn't have a clue sorry
another R/M to check is AVTI, read filings (oil)..eom
LIL DD on DOCU.......................
what I have so far.....
DOCU -- Docucon, Inc. (DE)
The proposed reverse merger of DVS into DOCU would result in DVS shareholders owning 90.5% of the combined entity. Additionally, DOCU shareholders would receive warrants for an additional 2.0% of the combined entity, depending upon future performance of the combined entity's common stock market price. The two companies intend to conclude the transaction in June 2001.
The proposed combination is subject to various, significant conditions including but not limited to DVS' pre-merger commitment to fund an additional $2.5 million in operating capital, and approval by both DOCU and DVS shareholders.
DVS, a privately held Nevada corporation chartered in May 2000, manufactures and distributes video surveillance systems based upon digital compression technology. DVS' software management system and related digital video recording hardware are marketed worldwide for camera surveillance security applications by retail, educational, manufacturing, government and military users, among others. DVS is based in San Antonio, Texas.
DVS
CONTACT: Digital Vision Systems Inc., San Antonio
Mike Hardy, 210/342-1190
or
Docucon Inc.
BOTH Robert Schwartz, 518/786-7733
DOCU
Address:
8 Airport Park Blvd.
Latham
NY 12110
USA
Phone: 518-786-7733
Officers:
Robert W. Schwartz, Pres. & CEO
Shares Outstanding: 3,658,767 as of 2000-11-03
Estimated Market Cap: 548,815 as of 2001-06-13
Dividends: None
State of Incorporation: DE
Transfer Agents:
Computershare Investor Services LLC, Chicago, IL 60602