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INBG up 70% looking for a penny!!!!
INBG volume alert......News alert>>>>
ugust 13, 2008 - 9:31 AM EDT
INBG 0.0017 0.00
Today 5d 1m 3m 1y 5y 10y
International Building Technologies Group, Inc. Progresses with Purchase of Wuhan Wufeng Machinery Manufacturing Company and the Set Up of a Multi-Million Dollar Panel Production Factory in China's Sichuan Province
International Building Technologies Group, Inc. (OTCBB:INBG) announced today that the Company has paid a deposit of RMB 1,100,000 (Approximately USD $160,000) for the acquisition of China based Wuhan Wufeng Machinery Manufacturing Company (“Machinery Company”). On June 24, 2008, the China Government granted approval for the Company to acquire 88% of the Machinery Company with registered capital of RMB 26,420,000 (Approximately USD $3,850,000) for a fixed acquisition price of RMB 11,000,000 (Approximately USD $1,600,000).
The Company is finalizing an engagement agreement with a CPA firm to perform the audit of the Machinery Company. The CPA firm is a registered public accounting firm approved by the US Public Company Accounting Oversight Board (PCAOB) and has extensive experience conducting independent audits of public companies traded on the U.S. markets. It is estimated that the audit of the Machinery Company will take approximately sixty (60) days to complete.
The Company has also been working on finalizing a Letter of Intent (“LOI”) with investors for the set up of a multi-million dollar panel production factory in China’s Sichuan Province. The plan to build the factory has been presented to and has been met with great enthusiasm by the Sichuan Construction Bureau. “This is a very exciting time for the Company with lots of events taking place simultaneously and a lot of progress being made towards acquiring the Machinery Company and the building of a production factory in China’s earthquake devastated Sichuan Province. The next few months is going to be a very busy and productive period for the Company. We will keep shareholders and investors informed as new information becomes available,” stated CEO, Mr. Kenneth Yeung.
About International Building Technologies Group, Inc.
International Building Technologies Group, Inc. and its wholly owned subsidiary, International Building Technologies, Inc., are currently transforming the combined business into a worldwide manufacturer and developer of light panel technology to be used for residential and commercial businesses, primarily in regions that are at risk of earthquakes and hurricane-like winds. For more information, visit www.ibtgi.com.
This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company’s analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the “Safe Harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
International Building Technologies Group, Inc.
Patrick Donahoo, 702-688-9683
ir@ibtgi.com
Source: Business Wire (August 13, 2008 - 9:31 AM EDT)
News by QuoteMedia
www.quotemedia.com
I love mankind it's people I can't stand!!!
God bless and protect our investment...God bless this company!!!!!
Crazy, can't go to school to learn that lesson lmao oh well no since whining we will see as it unfolds lol ALL the best.
All the best my friend in the future...
I can't believe i was mislead, and didn't see it coming, I lost thousands, lmao my own fault what pos! Ill gotten monies are short lived, what goes around comes around they will get there's if in fact it is a scam.
I had been in this stock for over a year and held/hold a large position, have talked to Daniel numberous time via telephone, and not once did I feel he wasn't being straight, he is good.
The only way he would contact me was if I emailed him then he would call back and he did everytime.
If this is a scam this guy is good.
He had mention to me a few times about investing directly into the business and wanted me on the board of director???!!!
Then I got a call from weiss about something i said to Daniel about Goeree, then I got a call from Goeree, he said that he was paying all the expences, and Daniel didn't know what he was doing, and there was a former assit mod that had called him and wanted to short the stock, not mentioning any names this assit mod was approached via email by me needless to say this person went nasty, and sent me some nasty email that I kept, just in case of this also there was alot of other things said that i have in a blog i have wrote. Now i got anothor call from Goeree's Lawyer that wanted me to give a statment about the conversation i had with Daniel.....at this point I sold the shares...Everything now is coming together.
Then Daniel called me back and ask me if I said anything to Goeree in regards to him. What gong show! Now my lawwyer has everthing and the last conversation i had with Daniel was at my Lawyers office and he heard first hand. Wow!
When abcdefg came out with this stuff I wasn't shocked at all.
All the best and luck!
SMAN up 44% something brewing!
YOU"D DA MAN SHAKY!!!or??lmao
God bless and protect our investment...God bless this company!!!!!
At least shakerzz says it up front like a man/woman/whatever instead of hiding it.
LOL what is it male or female or both lmfao?
GOOG looking for 525. Google on the run!
That's the 65000 dollar Question!!!!
Well I hope and pray it's a good crazy to, but I don't know!
Strong DD and the most accured I have seen on this board.
Daniel also approached our group with a investment opportunity but he said all he needs is 100000 to get the ball rolling so to speak,IE first shippment to china, but couldn't produce the proper 118 contract and credit note. Wow! This is crazy!
I can back that up, call him back and ask Goerre who wanted him to short the crap out of this stock, Mike had told me the same thing. What a bummer.
is that good or bad?
GFET wow 200% gains in 4 days.
Well it could go either way today, any insight, my guess is we may struggle a little,
Thanks, and all the best to you.
Congrats nice buy, I think we will have a positive day tomorrow, alot steam left in this stock all fin companies, and assurance companies stock where down. Oil chipped up a bit doesn't help oh well all the best to all.
God bless and protect our investment...God bless this company!!!!!
Gap up tomorrow.IMO
running on profits sold @5.90 yesterday, so not to worried. What do u think bottom is? Thanks
Why are we getting beat up so bad today crazy, can't find any reason why. Any thoughts out there?
Where?
Thanks!
Struggling today! Anyone have a insight?
CONGRATS MY FRIEND CONGRATS!!!!
Abk 5.90
If your of the opposite sex lol!!
Being Gay is ok lmfao!!
Lucky, Thanks dude!
Got in @ 1.04
Lmao!
So did ABK 5.75 up 20% yeah baby!Fox I don't care what shakerz says about you, i think your a cool dude.Sorry 5.81
God bless and protect our investment...God bless this company!!!!!
Dreamer lmao!!!
8k for SMAN up!
ABK ABK ABK rockin,5.27 put on watch list!!!!!!
I bought this baby @1.04 looking for 1.50 and boom, what a great surprize!
All I can say is holy sh-t!!!!!!!