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RGNO gets through the .06's and it right to .087!!
RGNO....goin crazy!!!
GLXI is movin again!!!!
RGNO...is movin big time on low volume. NITE is running it up!
BZTG....05EOD...IMO OMOG....003...EOD...IMO
Very niceeeee!
OMOG and BZTG.....!!!!
HERE WE GO!!!!!!!!!!!!!!!
You in Bean?
Pacific Financial Signs M&A LOI With Media Group
Feb 8, 2007 12:28:00 PM
2007 *********wire, Inc.
LODI, Calif., Feb. 8, 2007 (PRIME NEWSWIRE) -- Pacific Financial Solutions, Inc. (Pink Sheets:PFUO), a leader in providing cashless ATM kiosks, Point-of-Banking (PBT) terminal technology and Affinity "Gift to Give" prepaid gift and stored value cards, announces the signing of an LOI to merge with Pacific Media Group, Inc. (PMGI) of Salt Lake City, UT. The merger will bring print, radio and TV media creative and placement capabilities to PFUO.
This merger between Pacific Financial Solutions, Inc. and Pacific Media Group, Inc. when completed will bring PFUO a full service direct response media and advertising agency. PMGI has radio, TV and print divisions that offer complete turn-key as well as, a la carte solutions for creative, creation, media buying and sales fulfillment.
"PMGI offers an aggressive approach in presenting our clients with a complete advertising solution to direct response any advertising needs based upon their specific business strategy," said Bruce Grogg, CEO of PMGI. Mr. Grogg added, "Not only does PMGI pride itself in our vast knowledge and experience in direct response marketing but we have the entrepreneurial drive and hands-on knowledge which helps our customers succeed."
"PMGI is enjoying sustained growth and PFUO is pleased to attract this fine Media business and its CEO, Bruce Grogg to our expanding company," stated Clifford Goehring, CEO and Chairman of PFUO. Mr. Goehring continued, "upon completion of this merger, Mr. Grogg will replace John Cutillo as President of PFUO. Mr. Cutillo has resigned to pursue other business interests."
This merger upon completion of due diligence by both companies is expected to be finalized by the end of February. PFGI revenues exceeded $2 million in 2006 and are projected to surpass $3.5 million in 2007.
About Pacific Financial (www.PFUO.com)
Pacific Financial Solutions, Inc. is a premier global distributor of financial services and products providing its customers with a wide array of prepaid stored-value and kiosk enabling devices. Pacific is comprised of fully integrated divisions: Pacific Banking Services (Point-of-Banking terminals) and Pacific Card Services. Pacific is a location services provider (LSP) for national and regional retail merchants. Pacific's continued success is driven by corporate sales, ISO's sales, Affinity sales as well as mergers & acquisitions. Pacific's global strategy centers on deploying both single and multi-use debit banking products and services along with stored-value debit card services worldwide.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words or phrases "would be," "would allow," "intends to," "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
CONTACT: Pacific Financial Solutions, Inc.
Barbara Thomas
bthomas*pfuo.com
Merger news on PFUO!
Hey shakerzzz, what do you think of PLRS?
PLRS float getting eat'n up!
PLRS O/S is only 66,629,663! Could move big.
NAWL movin on news!
Got skrewed on DMXP, tried to buy at .0014 this morning and it was restricted online with Scottrade. Hope to catch the next one.
Hey shakerzzz, what on the platter for tomorrow?
I called Jim Conner today and left a message. He called me back about a hour later. I asked him about the 40 mil in revs for Prosat, and he said I would have to email him and he would send my question to the finance dept. He said there are a couple of dozen people that work at his location. Wasn't really sure what to ask him about, because I hadn't had a chance to look at he latest 8k. He said there is a lot of things happening and we should be updated in the coming days/wks. We'll see. GLTA
This company has more going for it than 95% of the pinks out there. I like the fact that they are fully reporting and even though revenue has been low, with this acquisition, it should begin to move them forward. This is JMO
I don't get the lack of interest in this company. They are acquiring a company with proven revenues of (4mil net). Read the 8k, says that Proset has audited financials already, unless I read it incorrectly. It also has a low float and moves real quick. I guess since they are putting out B/S, no one will buy. Oh, well. GLTA
I agree. Both of these companies look very promising. Prosat looks very good and I like the fact that I can apply for a job at them. Here is the 8k that was just filed.
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D07...
Check out this PR:
Extremely low float:
NAYN -- Nayna Networks, Inc.
Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Nayna Signs Definitive Agreement to Acquire Professional Satellite & Communications (ProSAT) With $40 Million Revenue
Major Expansion Into U.S. Residential Market to Substantially Boost Revenue
SANTA CLARA, Calif., Feb 6, 2007 (PrimeNewswire via COMTEX) -- Nayna Networks, Inc., (OTCBB:NAYN), a provider of next generation network solutions headquartered in Santa Clara, California, today announced it has entered into a definitive agreement to acquire privately-held Professional Satellite & Communications, LLC (ProSAT(tm)) headquartered in San Diego, California. ProSAT is a recognized supplier of residential broadband satellite solutions with about 125 employees. This acquisition is the latest step in Nayna's expansion into fast-growth high bandwidth markets. After the acquisition, Nayna expects to have about 175 employees globally including US and India. The company plans to expand its India operations significantly to provide customer retention and support for ProSAT operations.
Subject to final audit, ProSAT generated more than $40 million in revenues with over $3 million in net income for the year ending in 2006. Pursuant to the terms of the definitive agreement, subject to various standard closing conditions and approvals, Nayna will acquire all of ProSAT's outstanding membership interests in an all-stock transaction that is anticipated to close within 30 days. At closing, Nayna will issue 16 million shares of restricted Nayna stock to the members of ProSAT. In addition, 2 million of the shares to be issued at closing will be held in escrow for fifteen months to satisfy any indemnification claims by Nayna. Additionally 2 million shares will be issued in the form of stock options to current ProSAT employees after the formal close of this transaction.
ProSAT is a leading third party marketing and customer acquisition vehicle for DIRECTV(tm) and offers standard and High Definition Television equipment (HDTV), installation throughout the United States. Satellite TV services provided by DIRECTV including premium channel offerings. Equipment and installation include: standard and elliptical dish antennas, receivers, Digital Video Recorders (DVRs), set-top-boxes and sophisticated high definition (HD) equipment. The market demand for desirable HDTV quality offerings makes ProSAT a very competitive supplier in the market place.
"This is a win-win for both our companies, ProSAT is very strong in sales and customer relationships, while Nayna has a strong background in networking technology and engineering development," said Kory Madison, president and co-founder, ProSAT. "We are confident that together we will be able to aggressively follow-up on opportunities that maximize our joint value potential."
"We are excited about the synergies from both the companies," said Naveen Bisht, president and CEO, Nayna Networks. "From a geographical prospective, ProSAT has a USA focus that balances Nayna's traditionally international focus. From a sales cycle, ProSAT's shorter cycle residential focus balances Nayna's traditional longer cycle service provider focus. Combining the strengths of both the companies makes it very appealing for pursuing long-term growth opportunities while simultaneously providing enhanced short-term revenues."
About Professional Satellite & Communications, LLC
ProSAT was formed in 1997 and currently has its main facilities located at 5590 Morehouse Drive, San Diego, CA 92121 USA. ProSAT has established itself as a leading third party marketing and customer acquisition agent for DIRECTV. The company has leveraged its unique proprietary marketing formula and highly productive sales model to earn the distinction as a leading independent distribution partner for the marketing and sales of DIRECTV satellite programming. ProSAT is well positioned to benefit from the rapid growth of Direct Broadcast Satellite (DBS). More information is available at http://www.2getdtv.com/
About Nayna Networks, Inc.
Nayna Networks, Inc. delivers next generation network solutions including VoIP, IP based TV, RF based TV and high-speed Internet. More information is available at http://www.nayna.com/.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, among others, statements relating to the planned expansion of operations in India, the market for residential broadband satellite and home security solutions, the integration of ProSAT's service offerings into Nayna Networks, and the timeframe during which the merger is expected to close. Statements regarding future events are based on the parties' current expectations and are necessarily subject to associated risks related to, among other things, the potential impact on the business of ProSAT due to uncertainty about the merger, the retention of employees of ProSAT, the ability of Nayna to successfully integrate ProSAT services, technology and operations and to achieve planned synergies. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For more information regarding Forward Looking Statements and related risks, see the "Risk Factors" section of Nayna's filings with the SEC. The company undertakes no obligation to revise or update any forward looking statements for any reason.
All products or services mentioned in this document are trademarks, service marks, registered trademarks or registered service marks of their respective owners.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Nayna Networks, Inc.
By Staff
CONTACT: Nayna Networks, Inc.
Jim Connor, Marketing
(408) 956-8000 x 831
jim@nayna.com
(C) Copyright 2006 PrimeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Computer Software and Services
SUBJECT CODE: ACQUISITIONS
INTERNET
NETWORKING
Mergers and Acquisitions
Thanks for the response and DD on the company. I do not have PM's so I couldn't respond. Hopefully we will start getting some PR's with a little meat. If this stock had just a little heavy volume, we'd be sitting at .50...IMO. GLTY
where did everyone GOOOOO????
Here boys this will take your mind off FCCN! (sorry ladies, don't watch) LMAO
http://www.davesdaily.com/videoclips/211-camel-toe.htm
I completely agree with this post. I have spoken in great length with Andrew and I think people always hope you'll be able to tell them some good inside info. NOT GONNA happen. If someone claims they are speaking to insiders and they are spilling the beans, they're lying! The question people need to ask, is Aero going to be worth more than .018 after the merger. I don't think it takes much thought to answer YES to that question. Are we going to make millions? Who knows, but I'm more confident than ever in the ability and competency of the current management of FCCN. Here's to a great wk, month, and YEAR!
Whoops, I know analogdog personally and I would trust him with my own money! SORRY DOG!
Hey psy, I apprieciate your input. I've even called and verified everything you said and Andrew even stated you have a good grasp of the way things are working. I talked to him for an hour today, about everything. I'm very excited for the next 3 months and have NO worries. Psy, your the only posts I read, because I know your not full of chit. People be very careful who you listen to on these boards. GLTY
I've had people trying to contact me via. PM. I'm not a paying member to IHUB, so I can't respond. If you go to allstocks and pm me I'll respond. THX GLTA
Just a little FYI on Aero. I have two guy's I work with that own shares of FCCN. I have been trying to confirm the rumors I was told yesterday, so I had one of my friends contact Aero in SLC. He asked them about being a dealer and asked them if Checker or Autozone would be carrying their product. The guy on the phone said, "that they were working on it". He's also going to call them back and ask more about the increase in production. TIFWIW
I can't believe this hasn't popped yet. Oh well, news will be out soon and once we get some momentum, this bioch will RUNNNNN! Hopefully some after hours news, that would be sweet. GLTA
Are time is coming....very SOON! GLTA
MORE NEWS TO COME.....
Shortsinthesand, your so full of sh--. Just wait until you see what this company has coming up. Soon people will see why the CEO has made the claims he has.
When I bought more shares this morning it took 5 minutes to fill my order. I know this will be big very soon. GLTA
Just keep your eyes open, might get real interesting soon. There is a reason this was getting hit hard today! GLTY
You guys are going to have to pay my cell phone bill this month, after making these phone calls(25 minutes)!!
I spoke with Andrew just now, asked him some questions about the shares in escrow.
-Can the shares in escrow be sold by Golden Gate?
The whole point of the escrow is to be able to CONTROL the shares.
He told me the terms of that agreement were set before this whole thing started. They had to make sure they were able to make this shell completely clean. The amount of the shares was determined on the amount of $$$ previous management owed Golden Gate. Golden Gate had given them money to be able to operate as a fully reporting company(audits and operating expenditures). The amount owed to Golden Gate was 225k, if I remember right.
-Can they sell them? He doesn't know the exact terms of the agreement, but assumes that because the amount of volume the stock has been trading they have sold some. IMPORTANT NOTE: They can only sell enough shares to cover the 225k or whatever the exact amount is. After that they would hold the remainder of the shares and the company can make a determine whether or not to retire those shares or not. Since the share structure (after merger)will be set up to for the best scenario for Aero, it really won't matter.
-He said that when the audits are completed on Aero, investment firms will be able to determine the best exchange for Aero to be placed and what price the company would be valued at. (DD the AMEX)
-During negotiations between Aero and FCCN, they had to make sure that all debts where paid and like I said this shell to be CLEAN. This was the best way for the company to set up Aero to come into the shell.
If you have questions, please contact Andrew Beyer/FCCN IR 951-587-8072.
I understand all of what he explained and have no doubt this is for the benefit of FCCN shareholders and this acquisition. Trying to explain it, is NOT SO EASY, so call yourself. People need to RELAX...IMO
Hey Dog, this cassity...I have a whopping 3 posts today so I'll make'em count. To everyone go out and ENJOY life. It's the weekend. This stock will take care of itself. A lot of info will be flowing out over the next several weeks and as that info comes, people will be wishing they would have bought all they could at these levels....Of course that JMHO! GLTA