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BBRD NEWS OUT AFTER CLOSE
Blackbird International Corporation Announces The Acquisition of World Leader in Sea Wave Energy Technology
Acquisition Finalized
Sep 11, 2014 (eTeligis.com via COMTEX) -- OAKVILLE, ON, Canada, via ETELIGIS INC., 09/11/2014 - - Blackbird International Corporation (PINKSHEETS: BBRD) is pleased to announce that it has finalized the acquisition of Wave Electricity Renewable Power Ocean (WERPO). It had previously released news that Blackbird shall acquire 100% of the shares of the target company in exchange for restricted stock.
Due to the complexity of merging an American company, regulated in the US jurisdiction with an Israeli company which is subject to its own regulatory procedures, the attorneys representing SDE Inc are making changes to the Agreement by which Blackbird will merge with a company bearing the name Wave Electricity Renewable Power Ocean (WERPO). Shmuel Ovadia explains, "This Company shall own all of SDE's technology, IP and know-how, as well as all of SDE's holdings in its subsidiaries, and will be assigned all of SDE's activity and agreements."
The Parties are pleased to announce that they have signed the Agreement by which Blackbird acquires all the outstanding shares of Wave Electricity Renewable Power Ocean.
The Agreement is binding and irrevocable and shall become effective September 30, 2014 following a required regulatory delay. There are no further procedures or conditions to be met.
John Pedder, president of Blackbird adds "We both understand that the shareholders are disappointed with the delays that were incurred. These delays were not due to any conflicts in the due diligence process but the parties, Blackbird, SDE Ltd and Wave Electricity Renewable Power Ocean are subjected to external procedural constraints and regulatory body confirmations. The summer vacation period did not always permit all internal and external interested parties to be in sync within this process.''
Blackbird is very excited by the recent developments at SDE and Wave Electricity Renewable Power Ocean and anticipate additional announcements following the effective date.
About SDE Ltd.
S.D.E.'s technology is based on the utilization of sea waves to yield hydraulic pressure that produces electricity while exploiting the full potential of wave speed, height, depth, rise and fall, and currents beneath the surface of the water. Scientists from around the world claim that using 1% of wave energy can provide the equivalent electricity of 500 times the world energy consumption. Energy density in waves is high compared with other renewable energy sources such as wind power and solar power. Over a year, the energy output is approximately 3 times that of solar or wind technology.
Results and experimental fieldwork conducted in Israel and abroad indicate that the energy production from sea waves by SDE's technology cost of 2-6 cents for 1KW, a significantly lower cost compared to other renewable energy technologies (for example, wind energy 12 cents, Solar Energy 16 cents).
In addition, SDE's technology allows an annual output of 65% significantly higher yield compared to other renewable energies (wind energy an annual output of 24%, solar energy an annual output of 22%). One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
SDE was selected by a team of international scientists as number one in the world in Sea Wave Energy Technologies, numbers six in Tidal Energy and River Energy, and was ranked as one of the Top 100 Clean Energy Technologies. SDE had been invited to Ecuador by the minister of renewable energy and electricity to come and introduce its unique technology. Ecuador has special interest in building Sea Wave power plants in different protected fragile sites around the Galapagos Island such as Isla Santa Cruz, Isla Isabela, Isla San Cristobal,Isla Baltra and Isla Floreana.,
The Israeli company with its proven track record of installations across the globe has several projects around the world with government entities as well as with the private sector. SDE has established 11 joint ventures with local partners in 9 different countries including a second project in China.
About Blackbird International Corporation
Blackbird International Corporation (www.blackbirdinternationalcorporation.com) is the sole shareholder of Insight Group Technologies Inc. which is an industry leader in the design and delivery of supply chain planning, optimization and execution systems. Insight has the unique ability to incorporate the strategic development, deployment and execution of software for the Supply Chain industry.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
BBRD NEWS OUT AFTER CLOSE
Blackbird International Corporation Announces The Acquisition of World Leader in Sea Wave Energy Technology
Acquisition Finalized
Sep 11, 2014 (eTeligis.com via COMTEX) -- OAKVILLE, ON, Canada, via ETELIGIS INC., 09/11/2014 - - Blackbird International Corporation (PINKSHEETS: BBRD) is pleased to announce that it has finalized the acquisition of Wave Electricity Renewable Power Ocean (WERPO). It had previously released news that Blackbird shall acquire 100% of the shares of the target company in exchange for restricted stock.
Due to the complexity of merging an American company, regulated in the US jurisdiction with an Israeli company which is subject to its own regulatory procedures, the attorneys representing SDE Inc are making changes to the Agreement by which Blackbird will merge with a company bearing the name Wave Electricity Renewable Power Ocean (WERPO). Shmuel Ovadia explains, "This Company shall own all of SDE's technology, IP and know-how, as well as all of SDE's holdings in its subsidiaries, and will be assigned all of SDE's activity and agreements."
The Parties are pleased to announce that they have signed the Agreement by which Blackbird acquires all the outstanding shares of Wave Electricity Renewable Power Ocean.
The Agreement is binding and irrevocable and shall become effective September 30, 2014 following a required regulatory delay. There are no further procedures or conditions to be met.
John Pedder, president of Blackbird adds "We both understand that the shareholders are disappointed with the delays that were incurred. These delays were not due to any conflicts in the due diligence process but the parties, Blackbird, SDE Ltd and Wave Electricity Renewable Power Ocean are subjected to external procedural constraints and regulatory body confirmations. The summer vacation period did not always permit all internal and external interested parties to be in sync within this process.''
Blackbird is very excited by the recent developments at SDE and Wave Electricity Renewable Power Ocean and anticipate additional announcements following the effective date.
About SDE Ltd.
S.D.E.'s technology is based on the utilization of sea waves to yield hydraulic pressure that produces electricity while exploiting the full potential of wave speed, height, depth, rise and fall, and currents beneath the surface of the water. Scientists from around the world claim that using 1% of wave energy can provide the equivalent electricity of 500 times the world energy consumption. Energy density in waves is high compared with other renewable energy sources such as wind power and solar power. Over a year, the energy output is approximately 3 times that of solar or wind technology.
Results and experimental fieldwork conducted in Israel and abroad indicate that the energy production from sea waves by SDE's technology cost of 2-6 cents for 1KW, a significantly lower cost compared to other renewable energy technologies (for example, wind energy 12 cents, Solar Energy 16 cents).
In addition, SDE's technology allows an annual output of 65% significantly higher yield compared to other renewable energies (wind energy an annual output of 24%, solar energy an annual output of 22%). One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
SDE was selected by a team of international scientists as number one in the world in Sea Wave Energy Technologies, numbers six in Tidal Energy and River Energy, and was ranked as one of the Top 100 Clean Energy Technologies. SDE had been invited to Ecuador by the minister of renewable energy and electricity to come and introduce its unique technology. Ecuador has special interest in building Sea Wave power plants in different protected fragile sites around the Galapagos Island such as Isla Santa Cruz, Isla Isabela, Isla San Cristobal,Isla Baltra and Isla Floreana.,
The Israeli company with its proven track record of installations across the globe has several projects around the world with government entities as well as with the private sector. SDE has established 11 joint ventures with local partners in 9 different countries including a second project in China.
About Blackbird International Corporation
Blackbird International Corporation (www.blackbirdinternationalcorporation.com) is the sole shareholder of Insight Group Technologies Inc. which is an industry leader in the design and delivery of supply chain planning, optimization and execution systems. Insight has the unique ability to incorporate the strategic development, deployment and execution of software for the Supply Chain industry.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
BBRD NEWS OUT AFTER CLOSE
Blackbird International Corporation Announces The Acquisition of World Leader in Sea Wave Energy Technology
Acquisition Finalized
Sep 11, 2014 (eTeligis.com via COMTEX) -- OAKVILLE, ON, Canada, via ETELIGIS INC., 09/11/2014 - - Blackbird International Corporation (PINKSHEETS: BBRD) is pleased to announce that it has finalized the acquisition of Wave Electricity Renewable Power Ocean (WERPO). It had previously released news that Blackbird shall acquire 100% of the shares of the target company in exchange for restricted stock.
Due to the complexity of merging an American company, regulated in the US jurisdiction with an Israeli company which is subject to its own regulatory procedures, the attorneys representing SDE Inc are making changes to the Agreement by which Blackbird will merge with a company bearing the name Wave Electricity Renewable Power Ocean (WERPO). Shmuel Ovadia explains, "This Company shall own all of SDE's technology, IP and know-how, as well as all of SDE's holdings in its subsidiaries, and will be assigned all of SDE's activity and agreements."
The Parties are pleased to announce that they have signed the Agreement by which Blackbird acquires all the outstanding shares of Wave Electricity Renewable Power Ocean.
The Agreement is binding and irrevocable and shall become effective September 30, 2014 following a required regulatory delay. There are no further procedures or conditions to be met.
John Pedder, president of Blackbird adds "We both understand that the shareholders are disappointed with the delays that were incurred. These delays were not due to any conflicts in the due diligence process but the parties, Blackbird, SDE Ltd and Wave Electricity Renewable Power Ocean are subjected to external procedural constraints and regulatory body confirmations. The summer vacation period did not always permit all internal and external interested parties to be in sync within this process.''
Blackbird is very excited by the recent developments at SDE and Wave Electricity Renewable Power Ocean and anticipate additional announcements following the effective date.
About SDE Ltd.
S.D.E.'s technology is based on the utilization of sea waves to yield hydraulic pressure that produces electricity while exploiting the full potential of wave speed, height, depth, rise and fall, and currents beneath the surface of the water. Scientists from around the world claim that using 1% of wave energy can provide the equivalent electricity of 500 times the world energy consumption. Energy density in waves is high compared with other renewable energy sources such as wind power and solar power. Over a year, the energy output is approximately 3 times that of solar or wind technology.
Results and experimental fieldwork conducted in Israel and abroad indicate that the energy production from sea waves by SDE's technology cost of 2-6 cents for 1KW, a significantly lower cost compared to other renewable energy technologies (for example, wind energy 12 cents, Solar Energy 16 cents).
In addition, SDE's technology allows an annual output of 65% significantly higher yield compared to other renewable energies (wind energy an annual output of 24%, solar energy an annual output of 22%). One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
One added benefit of the technology, says the company, is that it bears low production costs of 2 cents per kilowatt-hour only, though governments are willing to pay between 8 and 44 cents per kWh for use of the system.
SDE was selected by a team of international scientists as number one in the world in Sea Wave Energy Technologies, numbers six in Tidal Energy and River Energy, and was ranked as one of the Top 100 Clean Energy Technologies. SDE had been invited to Ecuador by the minister of renewable energy and electricity to come and introduce its unique technology. Ecuador has special interest in building Sea Wave power plants in different protected fragile sites around the Galapagos Island such as Isla Santa Cruz, Isla Isabela, Isla San Cristobal,Isla Baltra and Isla Floreana.,
The Israeli company with its proven track record of installations across the globe has several projects around the world with government entities as well as with the private sector. SDE has established 11 joint ventures with local partners in 9 different countries including a second project in China.
About Blackbird International Corporation
Blackbird International Corporation (www.blackbirdinternationalcorporation.com) is the sole shareholder of Insight Group Technologies Inc. which is an industry leader in the design and delivery of supply chain planning, optimization and execution systems. Insight has the unique ability to incorporate the strategic development, deployment and execution of software for the Supply Chain industry.
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future.
I reached out to him last Friday and got no reply.
2.5 months of waiting is about to pay off!!!! Congrats to all that held through all the attacks and the down times.
Details? Who did you talk to? What was their mood? What did you ask them?
haha welcome back!!
A lot of those sells are people bid sitting and getting filled though. Its time for an update been here for over 2 months holding and adding when I could. Its time one way or another
He won't reply you can call the number and have Lee Rector act like you're inconveniencing him by asking questions.
message in a bottle...
I got the same email this morning on behalf of Mr. Shmuel Ovadia. Its a good sign they're answering emails IMO i'll continue to hold
He's the reason I'm here, you know he's lurking behind the scenes he has a piece of everything lol.
Lol hope we get our much anticipated PR next week.
Who just dumped 100k at 75? Fools and their money will soon part
I can see that, those 68s flying off the shelf. Thanks
Mr. Bill, nice!!
I don't really care if he did or didn't accidentally sell his shares. Vulcan4 was here for a long time and posted good information. I respect him and wish him the best of luck moving forward.
In regards to BBRD I think the float is locked up and both BBRD and SDE are working hard to complete this deal.
Yes, GUGS is still here
If you're going to ask him a question like that you should reply to one of his posts so he knows you asked. He sold his shares so he's probably not reading these posts. He did post he still believes its going through if that helps at all.
Haha, yep.
Agreed, that's another reason I'm still here is I believe in this merger. When it finalizes we will be rewarded.
Exactly, same boat here. Let it ride at this point, my luck I'd sell to buy back lower and the PR would drop. The Bid is higher than the price and nobody selling we are truly down to the strong hands at this point, IMO.
Per conversation with BBRD and emails from SDE this deal is close to being finished. The lawyers are dragging it out at this point. Hold.strong our day is coming. IMO of course
Haha, I'd say panic.
That's the only number I have and I spoke to lee earlier using it.
Do it, they need to hear it 905-829-3514 press 0 it went straight to him no receptionist.
The wait continues...
As in stop fu**ing calling me lol. It's being worked on
Just had a brief conversation with Lee Rector at BBRD he sounded extremely agitated. Couldn't comment on much for obvious reasons, said still moving forward its getting approvals from third parties and paperwork that is holding it up. BBRD and SDE still committed to merger. Will see updates as soon as possible.
MMs smell blood in the water were about to get attacked.
That sucks dude, at these levels you can.still pick up some cheap shares.
You sold? Or are you just down a ton like me?
Exactly, if it was dead he would ignore email inquiries. Been here over 2 months no need to bail now, just keep waiting is all we can do.
Thanks for sharing
Now that nobody else is selling that bid moving up. We have a strong core here that owns the float. Come on updates!!
Yeah mms shook the tree and they got scared. As soon as they sold the ask jumped back to 73
Here comes the takedown
Right, soonday sounds way better than someday lol.
Yeah, but will they really sell is the question? Knowing this is still moving forward and not wanting to miss out keeps me holding on week after week. Its coming someday...
Thanks for sharing