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HENDERSON, Nev., Feb 13, 2007 (BUSINESS WIRE) -- NMC, Inc. (Pink Sheets:NMCX)
today announced that the Company has signed definitive termination and mutual
release agreements with a group of stockholders and independent contractors. The
agreements, which document, amend and supersede the term sheet previously
announced, provide for, among other things:
-- return to the Company for immediate cancellation of 400 million shares of
Class A Convertible Preferred Stock, that had been designated as convertible to
two billion shares of Common Stock, in exchange for an increase in the debt owed
by the Company to one independent contractor by $1.6 million, the original
consideration paid for such shares;
-- the reduction of debt owed by the Company to that same independent contractor
at the rate of $0.01 per share, or $5 million, for the 100 million shares of
Class A Convertible Preferred Stock that were converted into 500 million shares
of Common Stock;
-- termination of seven independent contractor agreements as of December 31,
2006;
-- extinguishment of all amounts owed under those seven independent contractor
agreements, including additional monies owed to another independent contractor;
-- a formula for potential additional reduction of the Company's indebtedness
based upon the results of its certified share audit;
-- issuance to specified independent contractors of Rule 144 restricted warrants
to purchase an aggregate 215 million shares of Common Stock at an exercise price
of $0.01 during a five-year term;
-- mutual non-disparagement covenants;
-- a commitment by the Company to take steps to increase its authorized shares
to cover any over issuance; it is the board's intention to recommend to our
shareholders that we authorize shares, as the board believes a reverse split is
not in shareholders' best interest at this time;
-- a commitment by the Company to notice a shareholders meeting in March 2007;
such meeting is preliminarily scheduled for March 31, 2007 in Las Vegas(details
to follow when available);
-- waivers and releases for the independent contractors and the Company.
"We appreciate the tremendous personal sacrifice and spirit of cooperation of
all those who have made this agreement possible at a critical time in our
Company's history, most especially two unaffiliated shareholders, and the
cooperation of the independent contractors themselves," said Michael Sheppard,
NMC's president and chief executive officer. "We look forward to meeting with
shareholders on March 31, 2007, in Las Vegas, and to sharing with them
management's vision for the future of NMC."
Our newly appointed, external transfer agent is working diligently with brokers
and clearing houses to facilitate trading. In order that our Company may
complete its certified share count, we ask that all shareholders of record whose
stock is held in certificate form contact our Assistant Secretary, Madeleine
Franco, at the following email address with their updated mailing address,
certificate number(s) and number of shares held. Due to anticipated volume,
email or fax is preferable.
Madeleine Franco (madfranco@aol.com)
Phone: 702-256-4905; fax 702-256-4910
This news release is for information purposes only and is neither a solicitation
to sell securities nor an offer to buy securities, which solicitation or offer
may be made only via prospectus. The registration of the Company under the
Securities Exchange Act was revoked in March of 2003. Until the Company has
effected a new registration with the SEC, Section 12 under which the Company
registration was revoked states: "No member of a national securities exchange,
broker, or dealer shall make use of the mails or any means or instrumentality of
interstate commerce to effect any transaction in, or to induce the purchase or
sale of, any security the registration of which has been and is suspended or
revoked pursuant to the preceding sentence."
NOTE CONCERNING FORWARD-LOOKING STATEMENTS-PLEASE READ
Forward-looking statements in this release are based on information available to
the Company as of the date of this news release, and the Company assumes no
obligation to update or revise these forward-looking statements. Forward-looking
statements are inherently uncertain, and the Company's actual results may differ
from management's expectations. Risks and uncertainties associated with
forward-looking statements include without limitation, the risk that
interpretative and other issues will arise in connection with the implementation
of the agreement; that the Company will be unable to promptly complete it audit
of its outstanding shares and that results of such share audit may reveal
additional issues. All forward-looking statements attributable to the Company or
persons acting on its behalf are expressly qualified in their entirety by these
cautionary statements. Financial estimates, whenever provided, either by the
Company or by third parties, are subject to change and are not intended to be
relied upon as predictions of future operating results. NMC, Inc. assumes no
obligation to update or disclose revisions to such estimates.
SOURCE: NMC, Inc.
CONTACT: Jordan Richard Assoc. LLCMadeleine Franco, 702-256-4905ir@jordanrichard.net
Copyright Business Wire 2007
I spoke many weeks ago about patterns of behavior, now some have been established in terms of company direction and approach.
What methods they use, what integrity the practice. These are ways of speaking to the shareholder body. We now understand many things about how EI does business. Just sit listen quietly and look at the past 5 months.
To answer your question, do i need more information from the company in order to buy more stock? Well since its end of day and Kool Aide sounds real good, I'd say no, I don't need more information in order to buy.. What I need is more bread!!!
lol
Currently I have no concerns for management of this board or of the company, however many of you seem to have issues, so take it to the top to find your answers.
Please understand I am the type of individual, that will go to the top with matters that concern me and I know how to get it done. So I recommend this strategy to others. I have spent many years working with executives, thats why I approach from the top down.
Perhaps you should PM Matt for clarification on this policy practice.
Like they used to say at the Ritz Carlton:
"my pleasure"
lol....
Fresh Start for this thread. WE have covered a lot on stock issues, price, splits, financed shares and so on, so lets move on and think "forward" so we all stay interested in this thread on IHUB, don't want to loose members on this thread because we refuse to show professionalism such as deleted posts, arguing on the same subject over and over again. Rather lets lead by example and show the more professional side of our capabilities and refrain from beating up this thread.
Tomorrow is a new day, lets see if we can move forward and contribute something of substance. There aren't a lot of new facts out for reading, so we don't have a lot more to add in terms of company operations. So lets talk about other things, like the marketing thats going on. I E: Did anyone order a copy of the new magazine that has EI in the new editions, like the ones in the IBox? (for example)
later.
ikno..
Below is a copy from the website:
Contact Us
We want to know what you think of our products. We want to know what images you would like us to add. And most of all we want you and your family to have the easiest possible experience. Please call on us with questions, comments and requests.
Corporate Headquarters
28800 Orchard Lake Road
Suite 130
Farmington Hills, MI 48334
Toll Free: 888-6-CASKET (888-622-7538)
Main: 248-932-3333
Fax: 248-932-3006
Clint Mytych, CEO
248-932-3333 Ext: 201
clintm@eternalimage.net
James R. Parliament,CFO
248-932-3333 Ext: 204
jamesp@eternalimage.net
Nick Popravsky, VP Sales & Marketing
248-932-3333 Ext: 203
nickp@eternalimage.net
Donna Shatter, VP Operations
248-932-3333 Ext: 202
dshatter@eternalimage.net
We welcome your questions and comments:
maybe... but while its only mid Feb. I'll sit back and hang for spring time and summer time....
steady as she goes.
Whats the MM game supposed to accomplish with the 8 and 9 2500/5000?
When I called last week, I was told they had been working on it for over a month and expected it to be updated any time, I am really looking forward to the new site. It does take time for sites to get finished when there is a lot to consider in its content, that said.. once all of the pieces of the puzzle are together, it should come together rather quickly. Perhaps their internal controls are being observed at each stage of development and double and triple checked before launch. There's an old saying, "you can't put the tooth paste back in the tube"...
Former Yankees OF Hank Bauer Dies at 84
By HAL BOCK, AP Sports Writer
Sat Feb 10, 1:16 AM
NEW YORK - Hank Bauer, the hard-nosed ex-Marine who returned to baseball after being wounded during World War II and went on to become a cornerstone of the New York Yankees dynasty of the 1950s, died Friday. He was 84. Bauer died of cancer in Shawnee Mission, Kan., said the Baltimore Orioles. Bauer managed the 1966 Orioles to their first World Series title.
A three-time All-Star outfielder, Bauer played on Yankees teams that won nine American League pennants and seven World Series in 10 years. He set the Series record with a 17-game hitting streak, a mark that still stands.
"Hank Bauer is an emblem of a generation that helped shape the landscape of our country," Yankees owner George Steinbrenner said in a statement. "He was a natural leader and a teammate in every sense of the word, and his contributions went well beyond the baseball field. His service to the Yankees, his country, and his family shows why I have been so privileged to call him a friend."
Surrounded by sluggers such as Mickey Mantle and Yogi Berra, Bauer was a major ingredient in the Yankees' success during his years in New York from 1948-59.
"I am truly heartbroken," Berra said in a statement issued by the Yankees. "Hank was a wonderful teammate and friend for so long. Nobody was more dedicated and proud to be a Yankee, he gave you everything he had."
Bauer played his last two seasons with the Kansas City Athletics, a team he managed in 1961-62. He also managed Baltimore from 1964-68 and the Athletics again in Oakland in 1969.
"He played on some of the greatest teams that ever played and brought the Orioles their first World Series title. That's saying something. He was a players' manager. He didn't overcomplicate things," Hall of Fame pitcher Jim Palmer said.
"He was my first manager in the major leagues. He gave me my first opportunity (in 1965) when he could have kept other people. I was lucky; he was a Jim Palmer fan. You can't get in the Hall of Fame without your first chance."
Bauer was voted The Associated Press AL Manager of the Year in 1964 and 1966, when his Orioles swept the Los Angeles Dodgers in the World Series. It was the only time he reached the Series as a manager, but he was a frequent participant in the postseason with the Yankees.
Bauer's World Series hitting streak stretched from 1956-58 when the Yankees dynasty was at its peak.
"Oh, it was a joy," he said in a 1998 interview. "I was there 11 years and we won nine pennants. And we could have very easily won 10 in a row, because in 1954 we won more games than we ever did. We won 103."
Cleveland won 111 that year, a rare interruption in the Yankees dynasty that stretched from 1949-64
Bauer enlisted in the Marines shortly after Pearl Harbor and saw action in a number of battles in the Pacific, including Okinawa and Guadalcanal, according to Hall of Fame archives. He earned two Bronze Stars and two Purple Hearts.
Bauer was wounded at Okinawa, hit in the left thigh by shrapnel in his 53rd day on the island.
"We went in with 64 and six of us came out," Bauer said.
After he was discharged, Bauer signed with the Yankees minor league affiliate at Kansas City and after two .300 seasons there, he moved to New York in 1948. A year later, Casey Stengel became the manager and Bauer moved into the lineup as the Yankees began their run.
Bauer batted .320 in his second full season and became a fixture in the Yankee outfield alongside Mantle. The two outfielders became close friends, and Bauer was a pallbearer at Mantle's funeral in 1995.
Equipped with a strong arm, Bauer was a dead pull fastball hitter, a disadvantage at Yankee Stadium with its spacious left field. He once said that if he hit a ball to right field, it was an accident.
Bauer batted .277 with 164 homers and 703 RBIs. It was in the World Series that he excelled, from a Series-ending catch at his knees against the New York Giants in 1951 to his final Series appearance in 1958, when he hit .323 with four homers and eight RBIs as the Yankees beat the Milwaukee Braves in seven games.
"Maybe I bore down a lot more in the Series," Bauer said. "I had my luck. I had my good days and bad ones. I played for the right organization."
In 1959, after the Yankees finished behind the Chicago White Sox, Bauer was part of a seven-player trade with Kansas City that delivered a young Roger Maris to New York. Two years later, Maris set a season record with 61 homers, a mark that stood until 1998.
Bauer kept his Marine Corps crewcut through his baseball career and beyond. After he retired, he returned home to the Kansas City area, where he scouted for the Yankees and the Royals. Later, he was a regular at Yankee annual Old-Timers' Days, an opportunity to reunite with friends from those championship seasons.
In the last week, two players whose careers intertwined with Bauer's days died. Steve Barber, who pitched for Bauer in Baltimore, died Sunday; Lew Burdette, who faced the Yankees in the 1957 and 1958 World Series, died Tuesday.
___
AP Sports Writer David Ginsburg and Associated Press Writer John Rogers contributed to this report.
Or you could call it The Story about Rufus! OT CSHD or Ellis: WNSH or so many other tickers outthere in pink/grey land like Furlong: NMCX for example. What seems like a great company with the goods, still has managerial problems. I do however want to point out something that is in the works: A reporter contacted me on another board regarding a another stock, he is doing a piece on the CEO of a pink, sounds like it will land on the SEC's desk if it hasn't already, its a stock I thought was going places, new franchise growth, revenue, venture deals etc... Well it wasn't all it was cracked up to be. The moral to the story is watch out for the content in PR's as they unfold, form 8K ammendments don't always depict the truth.
As far as ETIM, I am confident we have a winner. Most of us base that on the reputation of MLB and the others, I surely hope over the next few years this holds true for the companies' sake and our share value.
The first time I heard about it was from Cactus33 back in early October over on another board. It was a bottom play, since then I have not flipped my shares but converted this one to a long hold and buy when I can, cause I think it will be interesting to see it unfold and I want to be there for the celebration periods over time.
I welcome you guys or gals that are new to this "thing". Not all of the pinks are the same, its takes time and analysis to find the ones you can trust, there aren't many, there are short runs all the time in Pinks and money is made, I can atest to it, I have also lost some. One of the worst losses was selling too soon on SSSU last year when I bought it at .0045, those that know about SSSU know its a solid company and going places and its companies like them (Silver Screen Studios) that keep the string of faith going for hopes of companies like Eternal Image. With so many scams its difficult to know who to trust and what information is truthful, it helps to have proven examples in the arena to compare.
GO E.I, Clint and team ! work, work, and more work !!!!
list of to do's:
Report of Audited Financials
Status of Sarbanes Oxley SOX compliance process
Quarterly's (will we begin seeing them)
10SB file
Establishment of internal controls !!
Edgar Online access
Completed Web Site
....lol Call HMS Capital and get Mark Tice's million dollar loan for 3 grand month and sell a few caskets to make the payments....lol lmao
long typing toooo...
ikno..
Good morning all. Well the website is back up with no changes? The phone number works again as well.
Just bought more at 1 and it went thru slicker than snot..lol
3 seconds and filled...
IR said yes, the new website is being worked on by I.T. personell. The phone numbers are affected, he was unaware of that, IMO, they did that to for one of two reasons, to stop the incoming calls, or I T has crossed wires and plugged in the incorrect line at the office.. I R is calling back lines to investigate and help move things along. I will monitor this matter closely and directly.
ikno.
I called IR and they are working on it. The website that is, as well as the 1-888 number and the office number, when you call you get a fax ringing tone.
Tony says all is well, they are handling it, he will call back lines to check it out...
ikno.
construction perhaps?
Network Error (tcp_error)
A communication error occurred: "Connection refused"
The Web Server may be down, too busy, or experiencing other problems preventing it from responding to requests. You may wish to try again at a later time.
For assistance, contact your network support team.
glad to see it. I thought we were hangin at 9 for a number of days.. thanks Top100.
Had personal business, been offline, Hi All ! Thanks for the PM green... sorry to miss out on Superbowl Sunday.
Question: How do we get a 12.5 % gain on unchanged pps?
ETIM: ETERNAL IMAGE INC - 2/8/2007 2:04:31 PM ET
Price *Change *% Change Bid [tick] Ask BxA Size Open Volume
0.0009 0.0001 12.50% 0.0008 [+] 0.0009 5000 x 10000 0.0009 54,645,327
* Calculations (Change and % Change) based on previous day's close
Historical Data
Primary Exchange: Pink Sheets Cusip: 297595100
Today's High: 0.0009 52-Week High: 2.50 (2/14/2006)
Today's Low: 0.0008 52-Week Low: 0.0007 (1/25/2007)
EPS (Last 12 months): 0.00 Indicated Annual Dividend: 0.00
Trailing PE: 0.00 Split Rate: 4
Forward PE: 0.00 Split Date: 9/26/2006
Market Cap: 0 Bil Shares Outstanding: 0.251 Bil
Volatility Average (20 day): 0.9375 Average Volume (22 day): 82,077,969
Financial Status Indicator: N/A
will do Captain
tell ya what, since I have come to enjoy this board and think Matt has a pretty good thing going, I will sign up when I return. You're the best Superb.
Tanks ! many Tanks and mini Tanks! lol
OT: ikno to green... thanks 4 pm, stop.
Can't PM stop, haven't up graded Ihub stop. Will be looking for a place to watch the superbowl in Honolulu,stop. Depart Sunday night for home LAX. PM me your email, will respond. A beer sounds good and we can chat about ETIM.
Thanks for the intro.
Mods, keep this one up until I get a response. thanks.
Up 12.5% on 31m. thats interesting. Sure didn't take much as compared to the percentage vs volume average over the past couple of months. Perhaps we have turned the page. Nice candle stick. Go Doji....... Looking forward to the end of the week chart. Have business in Hawaii, will have to view it from there on friday. I'll have to adjust with the 6 hour time spread between HI and NY. lol market opens at 3:30 am and closes at 10:00am local.
ikno.
Been following along on this company from last fall. I may put in an order tomorrow, just to see what happens at 42. Nice Chart! Gots some channeling potential moving towards spring time. back at the 4's and 5's. Also would like some for the longer term tooooo......lol
have fun! make money! enjoy life! be focused!
PS. like I stated somewhere else on another mb last Dec. Troop deployment coming.....plus boots on the ground...= Support Our Troops ! "just like the flag in my office says"
No pumping, just looking at upside factors...imo.
The new caskets photo's are very nice.
Who's the hippy, is that you!!!?
LMAO..
everthing is a scamm apparently. Are there any that you think are good for 07 picks? I can't seem to find where you say anything good on any stocks. I read a little and I see you have been burned in pinks and greys (is that correct rb ?). Do you still have any (nmcx that is), seems there are few companies that yield in the 50 to 100 day window. But more money is being made on the short term and by years end they are back where they started, just like this one. Speaking as an Investor sometimes doesn't mean I am not a trader. As a trader I have made money at times. As an investor I have been burned. Risky it is, thats for sure. Glad I don't have my retirement tide up here.
PS. There is an investigation on, WNSH.
thank you.......that's it. Bring it into the light. Do you have more to add? Other parties that are active may be interested.
"The Group"
Thanks stockwiser for your kind words. I was having a moment.
your're right!
iknowaguy...
and his name is Jesus.
As long as the approach to financing doesn't become usual thing every year, they will soon enough have enough history to establish a pattern of behavior. Great product and a market to go with it. Management is responsible to the shareholder body and the desicions they make reflect in the investment we made. So for me, I'm keeping an eye out and at every turn will see managements' style be the direction we head and by the number of times the same behavior gains the same results. So for the rest of you, watch not only the PPS and share structure and content of the PR's but look out for the behavior of management, listen, watch and you will be able to tell how the CEO treats his company and investors/shareholders. It should be obvious now after this first series of events. The coming months will be tracked not only for Stock analysis but for corporate human behavior. Yes thats right I'm charting the behavior, cause it's part of Due Diligence..
best to all
later
that it does. It says "the company"
So how may I help you. I am not the company. I am an individual that has his house in order and knows from which path I come and which path I am headed. Questions regarding the validity of this security are interesting at best, if there is something wrong with the company, perhaps people like me are here to help things along eventually into the light. Should things be illeagal, then perhaps people like me are good to have around to help things along into the light. I am a shareholder true and so are many I know personally and professionally, if we are being taken advantage of, you can bet it won't go unnoticed or without consequence.
Are you a shareholder or day trader on this security, yes security, it trades on the open pinksheet market just like PYPR or OMOG or ETIM or UDTT or anyother pink. If trading was suspended my broker manager would be the first to discuss it with me, I visit him regularly. So I guess I am asking you why do you direct your questions to me and put quotes from the bible at the bottom, you don't have the foggiest who you're talking to.
all the best sir,
iknowaguy
ETERNAL IMAGES INC
Can't Open Stock Finan Template
Please use your browser's "Back" button to return to the previous page.
Soros, when I type in on the research Tab on the Scottrade site, the description shows as above, Eternal Images with an "s" at the end, this is a financial tracking with ST. Do we have DBA's with Image and Images or is there a typo with the brokerage? Your thoughts, since little things like this make a difference. Obviously correct spelling of business names is most critical, letter for letter with corporate filings etc...
thats what I meant. Dart Chart, thanks. Oh and Derek, I CAN'T HEAR YOU, its very loud in here, could you speak a little louder please..lol
Can we get a chart put up?
thank you.
I figure it is referring to HCCA, Hexagon Consolitated Companies of America. No longer trades. This company is now Nevada Mining NMC Inc. Perhaps this will explain the suspended trading from 2003. Either way it has been trading as NMCX for the past 3 years. If you have further questions, call the company directly and ask. The PR from 1/25 has the IR contact, M. Franco, perhaps she can answer your questions.
GL.
Yep, gotta clean out the garage now and then, get everything out in the open and bring on the sunshine. IMO, this PR stabalizes the shareholder body in terms of confidence in their investment, hopefully we will get a new bottom and start a gap up for a new channel on the chart. Keep an eye on the chart and volume.
Have a good one!
Thanks.. I asked for a specific reason regarding your mention of B.E. We are related, thats why.
Hope all is well.
Good Luck
DYODD
NMCX Press Release 1/25/07
--------------------------------------------------------------------------------
NMC, Inc. Provides Update
Term Sheet Signed Addressing Remaining Class A Preferred and Related Issues; Shareholders of Record: Note Interim Contact re Shares
HENDERSON, Nev.--(BUSINESS WIRE)--NMC, Inc. (Pink Sheets: NMCX) today announced that a term sheet has been signed on behalf of a principal stockholder of the Company providing for, among other things, the sale back to the Company and immediate cancellation of the remaining 400 million Class A Preferred Shares (“poison pill”) currently outstanding, which potentially would have been converted to 2 billion Common shares. Under the term sheet, which anticipates a definitive agreement addressing all related items, the stockholder has agreed that the remaining 400 million Class A Preferred Shares will be returned to the Company and canceled in exchange for $1.6 million to be added to the Company’s indebtedness to the stockholder. The term sheet also provides that the stockholder will compensate the Company (or forgive debt owed to the stockholder) at the rate of $0.01 per post-conversion common share, or $5 million in the aggregate, for 100 million of the Class A Preferred Shares that were previously converted into 500 million shares of common stock. The terms of settlement further require the Company to issue to affiliates of the principal stockholder purchase warrants under SEC rule 144 restrictions for a total of 200 million shares at a strike price of $0.01.
The principal stockholder has pledged total cooperation toward accomplishing all that is in the best interest of the Company and its shareholders. The agreement also addresses various related issues, including additional payment to the Company and/or netting against debt for any other shares that may have been issued without authorization; completion of an audit of the outstanding shares; the calling of a shareholders’ meeting as soon as practicable; releases by the Company in favor of the stockholder and affiliated parties; and related issues.
"I have been very appreciative and impressed with those shareholders who have taken an active role assisting the Company. Their extraordinary efforts, along with those of the NMC board of directors and the principal stockholder, have resulted in an expected agreement designed to allow us to focus on our business plan and set a definitive course for the Company’s future,” said Michael Sheppard, chief executive officer. “Once our share audit is complete, we look forward to presenting our recommendations to NMC shareholders for ratification. We want to assure our shareholders that their trust is paramount and that their votes will be counted,” Sheppard said.
The Company continues to audit original issuances and transfers of Common shares, and management expects to inform shareholders of any adjustments to its previously reported preliminary findings once its audit has been completed.
NMC has selected an independent transfer agent. However, pending the completion of a certified shareholder list following the share audit, the transfer agent is temporarily not in a position to process any transactions in the Company’s stock held in certificate form. In the interim, shareholders of record whose stock is held in certificate form are encouraged to contact the following with their updated mailing address, certificate number(s), and number of shares held. Due to anticipated volume, email or fax is preferable.
Madeleine Franco (madfranco@aol.com)
Jordan Richard Assoc. LLC
8183 Mosaic Harbor Avenue
Las Vegas, NV 89117
702-256-4905; fax 702-256-4910
Friday, December 22, 2006, as previously announced, the Company received a payment in the amount of $350,000 pursuant to an agreement for the sale of first-stage precious metals ore concentrates for a total purchase price of $500 million to a privately held entity. The December 22 payment is in addition to payments totaling $720,860 made by the buyer during 2003. Clarifying information reported in a Company news release issued on December 27, 2006, payments under the agreement subsequent to the December 22 payment are due on or before the last day of each succeeding month. Additionally, the agreement provides that the customer is eligible to begin taking prorated possession of the first-stage concentrated ore as payments are made.
This news release is for information purposes only and is neither a solicitation to sell securities nor an offer to buy securities, which solicitation or offer may be made only via prospectus. The registration of the Company under the Securities Exchange Act was revoked in March of 2003. Until the Company has effected a new registration with the SEC, Section 12 under which the Company registration was revoked states: "No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence."
NOTE CONCERNING FORWARD-LOOKING STATEMENTS-PLEASE READ
Statements contained in this release that are not purely historical are intended to be forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company’s actual results may differ from management’s expectations. Risks and uncertainties associated with forward-looking statements include without limitation, risks associated with the Company’s ability to complete an audit and obtain registration of its stock with the SEC in light of the allegations against its prior management; the ability of any customer, including the customer whose payment is reported in this news release, to complete its obligations under any agreements with the Company; the Company’s agreement on the terms of a definitive settlement agreement with the stockholder on a timely basis, or at all; the possibility that regulatory actions against the Company or its prior or former management may hinder the Company’s execution of its business plan and attempts to resolve internal and stock issuance issues; delays in obtaining regulatory approvals; costs associated with processing ore concentrates; fluctuation in precious metals markets; general economic and business conditions; litigation and other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.
ya, read my post on the NMCX PR.
Friday should be a big one and on into the coming weeks. There is a large crowd of Share holders and can they whooop it up on NMCX, been doing it for a year with this one.
GL
IMHO
NMCX Press Release 1/25/07
after hours
--------------------------------------------------------------------------------
NMC, Inc. Provides Update
Term Sheet Signed Addressing Remaining Class A Preferred and Related Issues; Shareholders of Record: Note Interim Contact re Shares
HENDERSON, Nev.--(BUSINESS WIRE)--NMC, Inc. (Pink Sheets: NMCX) today announced that a term sheet has been signed on behalf of a principal stockholder of the Company providing for, among other things, the sale back to the Company and immediate cancellation of the remaining 400 million Class A Preferred Shares (“poison pill”) currently outstanding, which potentially would have been converted to 2 billion Common shares. Under the term sheet, which anticipates a definitive agreement addressing all related items, the stockholder has agreed that the remaining 400 million Class A Preferred Shares will be returned to the Company and canceled in exchange for $1.6 million to be added to the Company’s indebtedness to the stockholder. The term sheet also provides that the stockholder will compensate the Company (or forgive debt owed to the stockholder) at the rate of $0.01 per post-conversion common share, or $5 million in the aggregate, for 100 million of the Class A Preferred Shares that were previously converted into 500 million shares of common stock. The terms of settlement further require the Company to issue to affiliates of the principal stockholder purchase warrants under SEC rule 144 restrictions for a total of 200 million shares at a strike price of $0.01.
The principal stockholder has pledged total cooperation toward accomplishing all that is in the best interest of the Company and its shareholders. The agreement also addresses various related issues, including additional payment to the Company and/or netting against debt for any other shares that may have been issued without authorization; completion of an audit of the outstanding shares; the calling of a shareholders’ meeting as soon as practicable; releases by the Company in favor of the stockholder and affiliated parties; and related issues.
"I have been very appreciative and impressed with those shareholders who have taken an active role assisting the Company. Their extraordinary efforts, along with those of the NMC board of directors and the principal stockholder, have resulted in an expected agreement designed to allow us to focus on our business plan and set a definitive course for the Company’s future,” said Michael Sheppard, chief executive officer. “Once our share audit is complete, we look forward to presenting our recommendations to NMC shareholders for ratification. We want to assure our shareholders that their trust is paramount and that their votes will be counted,” Sheppard said.
The Company continues to audit original issuances and transfers of Common shares, and management expects to inform shareholders of any adjustments to its previously reported preliminary findings once its audit has been completed.
NMC has selected an independent transfer agent. However, pending the completion of a certified shareholder list following the share audit, the transfer agent is temporarily not in a position to process any transactions in the Company’s stock held in certificate form. In the interim, shareholders of record whose stock is held in certificate form are encouraged to contact the following with their updated mailing address, certificate number(s), and number of shares held. Due to anticipated volume, email or fax is preferable.
Madeleine Franco (madfranco@aol.com)
Jordan Richard Assoc. LLC
8183 Mosaic Harbor Avenue
Las Vegas, NV 89117
702-256-4905; fax 702-256-4910
Friday, December 22, 2006, as previously announced, the Company received a payment in the amount of $350,000 pursuant to an agreement for the sale of first-stage precious metals ore concentrates for a total purchase price of $500 million to a privately held entity. The December 22 payment is in addition to payments totaling $720,860 made by the buyer during 2003. Clarifying information reported in a Company news release issued on December 27, 2006, payments under the agreement subsequent to the December 22 payment are due on or before the last day of each succeeding month. Additionally, the agreement provides that the customer is eligible to begin taking prorated possession of the first-stage concentrated ore as payments are made.
This news release is for information purposes only and is neither a solicitation to sell securities nor an offer to buy securities, which solicitation or offer may be made only via prospectus. The registration of the Company under the Securities Exchange Act was revoked in March of 2003. Until the Company has effected a new registration with the SEC, Section 12 under which the Company registration was revoked states: "No member of a national securities exchange, broker, or dealer shall make use of the mails or any means or instrumentality of interstate commerce to effect any transaction in, or to induce the purchase or sale of, any security the registration of which has been and is suspended or revoked pursuant to the preceding sentence."
NOTE CONCERNING FORWARD-LOOKING STATEMENTS-PLEASE READ
Statements contained in this release that are not purely historical are intended to be forward-looking statements within the meaning of the Safe Harbor clause of the Private Securities Litigation Reform Act of 1995. These statements are based on information available to the Company as of the date of this news release, and the Company assumes no obligation to update or revise these forward-looking statements. Forward-looking statements are inherently uncertain, and the Company’s actual results may differ from management’s expectations. Risks and uncertainties associated with forward-looking statements include without limitation, risks associated with the Company’s ability to complete an audit and obtain registration of its stock with the SEC in light of the allegations against its prior management; the ability of any customer, including the customer whose payment is reported in this news release, to complete its obligations under any agreements with the Company; the Company’s agreement on the terms of a definitive settlement agreement with the stockholder on a timely basis, or at all; the possibility that regulatory actions against the Company or its prior or former management may hinder the Company’s execution of its business plan and attempts to resolve internal and stock issuance issues; delays in obtaining regulatory approvals; costs associated with processing ore concentrates; fluctuation in precious metals markets; general economic and business conditions; litigation and other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Financial estimates, whenever provided, either by the Company or by third parties, are subject to change and are not intended to be relied upon as predictions of future operating results. NMC, Inc. assumes no obligation to update or disclose revisions to such estimates.