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Press Release 1/25/07
after hours
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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.
Hi all...lol
added more today, couldn't resist the sale price.
Last year I witnessed a .0004 climb thru the triples and today is .0125 from .029, so anything can happen. Stocks go up and stocks go down.
in the mean time I'm standing in the lunch line, deep! Still no fill for me this am.... :(
and thrifty 5's....lol
slow fill, I had 2 other orders go thru, ETIM still pending WTF, they don't want my money!!!
modified: check,check >> ..0065, since then I made some money else where and have been paying my monthly dues to the ETIM country club pre pay plan membership. I am on the 10 pay plan along with my auto insurance. I just increased my monthly premiums and now its like ETIM is on an IV hooked up to my checking account...lol
Its a new line item in my household budget, I may get a refi and sell the cars...so I can go live in the woods with all my ETIM stock...
lmao, I can't breathe !!!
MLB agreement in October took us from .0015 or so to .009 or so. Every thing since then has dropped the PPS for the most part for the past 100 days since I started. the Oct run did last for 4 or 5 days if I recall. anyone?
I have 12,14,16,32 and one sell at .006 that paid for some of it.
I want to see Clint on Larry King Live.
LMAO,
thanks ! started palpatating..lol
I see those 950's AH on more than one occassion, with the close of 1000, must have been left overs dumped on the 8's.
Wonder what the budget is for tomorrows 504's, will volume averages work? and are there orders sitting on the 7's?
"TILT" lol...
Had a buy order in and was interupted with other business, missed the 8's so I'll look at the possible 7's tomorrow, got all the teens I can handle now for the triples as I can afford. how far does this barrel go?
Can Clint 504 this thing to 1 or 2's?
Where did the Phillies Urn go ?
www.eternalimage.net
agreed ! The more the Right and the Left fight, the less actual forward movement and the less real work gets done.. They spend too much money haggling and less on the meat and potatoes.. I'm hungry...gotta eat.. PST 8 45pm just got in..
Imagine that ! nice... I hope I helped.
Great comparison Dave.. thought the state of the union was done very well and came off good on both sides of the isle.
best!
no such thing as a "fast audit"
Accountants have two gears:
Slow and Slower, which would you prefer?
lol
What if its just getting started? .0125
anyway good for you! make some money!
set your alerts on your trade account and you'll know right away if news comes out.
Hello all ! Why don't they update the website on the A/S, today is Jan. 22. This is what the web site has currently. It only takes about a minute to update the site. Remember what I said about how companies identify themselves by the business they practice. CEO's must be "precise and concise" if they want to stand among real executives.
"Chop Chop" Lets get it right! The wording on the site, cut and pasted below reads "today" with no specific date, so it appears to be current. But the A/S has changed, this needs to be corrected so it does not mis lead new investors (especially) and the rank and file at MLB/Vatican etc. These inaccuracies will stand out and we have no room for that when doing business and representing MLB. I'll give you a perfect reason why. I am related to someone who handled for many years, advertising for the Los Angeles Dodgers, it means I know the crowd a little, if management overthere sees discrpencies early in the business development at EI, its likely it will leave a bad taste in their mouth, beleive me the LA Dodger fans know about EI, from me directly and have for several months.
We talk about correct spelling and grammar on this thread topic, but we have incorrect A/S stated on our company web site for the ENTIRE PLANET to see!!!!! Explain that!
A Letter To the Investment Community
Eternal Image management today confirms that it has raised the total amount of authorized shares to 2,375,000,000. This was done to meet obligations of increased production costs during our ramp up phase to fulfill distributor and industry demand for our products. With the possible exception of preferred voting stock, management does not currently foresee any reason to continue raising the total number of authorized shares.
Our core financial management strategy is to fund operations via income from sales, not from authorizing additional shares. Eternal Image Management does not take the issuance of new stock lightly, and does so when absolutely necessary. In an effort to reduce the effect of new stock issuances that took place primarily in Q4 2006, Eternal Image, Inc. management confirms via this bulletin that it intends to put in place a comprehensive stock buy-back program to be launched during the first half of this year. Management anticipates purchasing a meaningful and significant number of shares on the open market from time to time as market conditions dictate. A portion of our operating budget will be allocated for this purpose. More details regarding this program will be made available via press releases in the upcoming weeks. The dilution must now be reversed.
Signed
President and CEO,
Clint Mytych
All things being equal.
Do we know eachother?
If so, call me so I know who is posting messages to me and I them.
=
My opinion on contacting the company on a constant basis is:
The more shareholders place calls and depending on the content and context and redundancy of said calls, the more likely the company will apply policy and controls in communication with shareholders, the more time is taken up, the more likely they will change their availabilty and further perpetuate a communication and relationship breakdown between shareholder and company.
This company is new and in a developmental stage (under construction) It is important to keep this in mind. They have not been selling EI products for 7 or 8 years. They need to lay the foundation for their (our) company. So, if we are truely partners with EI and I beleive we are, then we are somewhat a part of their team, (an assest) perhaps as we move forward we can establish a good Investor relationship and continue to offer support and encouragement. I also am committed to a system of checks and balances or accountability.
I also think this stock at .02 cents would trade very well, I think it would trade well at 2.00, people would come, why its so low is odd and its wasting money, when imho, if the stock began to climb they would see growing and continued support from the investment community. The only thing the low price is doing now is locking people in when they buy and then lowering the PPS and trapping our money, yes it has a downward pattern from the past months and its trapping money as it goes, hitting the triples will be unfortunate (under valued) IMO. But if they want to trap more money, then the triples we will go. What happens at .0001, I don't know. Clint is going to learn about decisions and the impact they have on things. CEO or not he has not had the experience of success and failure many of us have had. We've all seen the ultra successful, financially independent go BK. The best of them have experienced that. Here's to hoping Clint is prudent about what he thinks he knows, I hope he knows how to anticipate the unexpected and maintains an ethical standard for a Chief Executive Corporate Officer, there are standards and they matter. At his age it may be tempting to take what appears to be short cuts (short term short cuts) that hurt investors financially, It is important to remind executives about integrity,honesty and accountability to the shareholders.
Going from A/S 2.3 the other day to 2.5B after annoucing 2.3 and not annoucing (I understand) the increase seems or could appear as sneeky or dishonest. These are red flags and merit clarification from the company. IMO, hounding them will do no good only close doors of communication rather than opening doors of opportunity
Question: How are the 504's related to an increased A/S count. I realize they have 200m 504's but where did they get to 2.5 A/S is that the 200million in the 504 financing? If so then we were informed by management. I need clarification, I thought the 200 was included in the 2.3 A/S count. tia
hi rb... you have always been very forward and up front on this one. Even though you take a lot of flack from everyone on the other boards. But after resent events, things are leaning in the direction you describe and have been discribing ever since early last year. There are things going on and maybe if some people in charge get it together good things can happen, there is a lot of shareholders and strength in numbers. If things don't develope in time with this company and all of the questionable issues, then I imagine holders will begin to go elsewhere with their money or whats left of it. Some will continue to make short strides and make money, after all its still hanging above .005 and many see that as an opportunity to buy, some don't. I beleive people are hard on you because they have good money vested and don't want anything to harm that and many have had a lot of Kool Aid and are used to it. I remember how I felt that first few days when I first bought and how I thought that this was the one. I've since sobered up from the Kool aid and don't drink it anymore.
GL
lol...
It doesn't say which urns, probably all of them that could be all 4 versions of urns or some of each. I am sure its a mixture of each. Why would the first order be of just MLB etc.. IMO the first order will be spread around for show and marketing purposes. They need at least that many to spread around the funeral industry. I hope they send all four to all the distributors, thats probably what the first order if for..
Eternal Image Inspects and Approves First Shipment of Urns From China
Tooling Begins on Casket Production in US and Mexico
Eternal Image, Inc. (PINKSHEETS: ETIM), a public company engaged in the design, manufacturing and marketing of licensed image caskets and urns, today announced that its quality assurance representative has signed off on the shipment of the first order of 2,500 urns from China.
"Our first production items will be in the States within weeks, which certainly pleases us and our new distributors," said Clint Mytych, president of Eternal Image.
The company began signing major distributors last week and is poised to announce additional distribution deals within the coming weeks.
Just after Thanksgiving executives of the company plan to tour two other manufacturing facilities, one in the US and another in Mexico, in order to inspect the tooling in preparation for the production of caskets. It is expected that the production of caskets will begin by end of year. The first caskets will be available in mid-first quarter of 2007.
For more information about EI, visit the website or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may", "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential" or "continue" or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Source: Market Wire (November 16, 2006 - 9:00 AM EST)
News by QuoteMedia
www.quotemedia.com
well put starnes, you are correct in your views. The pink system needs a litte reform you might say, but that is far from ever happening in the wild wild west. Too bad good companies and good investors must pay so dearly. It's why most people do not invest here. I talk to many many people each week and only a few are interested in pinks. One of my friends worked for many years at the port authority in tower 2 NYC, she moved in March of 2001 and missed it, but she said that most folks in NYC don't touch anything under 5 dollars. Thats the majority and there is a reason. She is a guru trader and only buys and sells at certain times a year and makes big coin, but she's also juggling half a million bucks at a time.
Jim P's quotation said: "This is a long term play etc etc." I find it interesting that he used the word "play" from a CFO postition and a company postition I would say the appropriate word should be "investment" not play.
...anyway that was todays examination and critique of english grammar... since grammar is so important to our MOD's, oh and gang, i make a typo now and then and I majored in english compostion over 20 years ago.
PS, I had a post deleted too, this week. I'm over it. I did not like it and thought it was cheesy. However after looking at the bigger picture, I understand SOROS a little better.
Now if we take a look at the FEB 06 issue of The Harvard Business Revue we will see the title says "Who has the D" this is one of the greatest editions ever published imo.
Candor increases discussion rather than supresses it...
If you can find a copy, I highly recommend reading that edition.
happy days all!!! remember its what you make of it!!!
looks like the MMs are maintaining an "orderly market"
lol
Where's it going?
Back what truck up? I don't drive trucks anymore, just sell the loads...lol
thanks, that was my point. Good observation.
sometimes I like to post things that stimulate thought, its good exercise and stimulates the creative process. Looking at the opposite of things can be helpful.
OT:
FREEDOM OF EXPRESSION--SPEECH AND PRESS
Adoption and the Common Law Background
Madison's version of the speech and press clauses, introduced in the House of Representatives on June 8, 1789, provided: ''The people shall not be deprived or abridged of their right to speak, to write, or to publish their sentiments; and the freedom of the press, as one of the great bulwarks of liberty, shall be inviolable.''1 The special committee rewrote the language to some extent, adding other provisions from Madison's draft, to make it read: ''The freedom of speech and of the press, and the right of the people peaceably to assemble and consult for their common good, and to apply to the Government for redress of grievances, shall not be infringed.''2 In this form it went to the Senate, which rewrote it to read: ''That Congress shall make no law abridging the freedom of speech, or of the press, or the right of the people peaceably to assemble and consult for their common good, and to petition the government for a redress of grievances.''3 Subsequently, the religion clauses and these clauses were combined by the Senate.4 The final language was agreed upon in conference.
"Guess it doesn't say anything about message boards, public forum and all.." anyone?
I'm with ya on the notes thing, I think China on the Urn's and US and Mexico on Caskets.. Correct?
Now if some production is jobbed out to Mexico, then in that case EI just has a bill from the vendor, right? Doesn't have to worry about how much the machine costs..etc.. thats the vendor/contractors overhead..
Interesting question, however I think we would need to see the operational cost detail to see where the break down of cost are. Tooling may be different than production as shown in their operations. However, the absense of production cost vs. tooling costs in the statement seems that the production is different in the overall cost structure. Hard to say at this point, thats a company direct subject. IMho
"compared to what?"
cross section snap shot of some I watch, not much anywhere today and don't make fun of the list, cause at one time or another they were message board favorite's I have been in some from time to time and havn't touched many of these.
Today's closing, ETIM is same as OMOG, funny, very funny...lol
NMCX $0.006 0.00
aztm $0.002 0.00
igai $0.0022 -0.001
adot $0.0002 0.00
udtt $0.0046 0.00
slxi $0.0004 0.00
ecci $0.021 -0.004
dtgp $0.01 0.00
rshn $0.0009 0.00
etim $0.0011 0.00
omog $0.0011 0.00
nvmg $0.0028 0.00
ctxi $0.00 0.00
bign $0.015 -0.001
plrs $0.0187 0.001
pbls $0.0105 -0.001
WNMI $0.0002 0.00
qbit $0.0006 0.00
chnw $0.0003 0.00
NSDM $0.0058 0.00
nawl $0.0008 0.00
EPGL $0.0044 -0.001
sljb $0.005 0.00
ETIM
Primary Exchange: Pink Sheets Cusip: 297595100
Today's High: 0.0012 52-Week High: 2.50 (2/14/2006)
Today's Low: 0.001 52-Week Low: 0.0008 (12/18/2006)
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): 2.1239 Average Volume (22 day): 66,836,518
Financial Status Indicator: N/A
Eternal Image Promotes Nick Popravsky and Donna Shatter
NOVI, MI -- (MARKET WIRE) -- June 27, 2006 -- Eternal Image (PINKSHEETS: ETIM), the world's first manufacturer of caskets and urns featuring licensed images, today announced that it has promoted two key founding members of the company, Nick Popravsky and Donna Shatter.
According to EI President Clint Mytych, Popravsky was formally named Vice President, Sales and Marketing and Shatter assumed the title of Vice President, Operations.
"Nick, Donna and I have been together since the days when Eternal Image was an unformed idea, and they have both been instrumental in bringing the company to fruition," said Mytych. "As we get ready to launch our first products toward the end of 2006, it became important to add more structure to our management team and I am pleased to be able to acknowledge the importance of both of their roles."
Popravsky joined Eternal Image after working for many years in the car rental industry in various management positions. He was the co-founder of one of the largest car rental reservation consolidation operations in the United States. Previous to that he spent several years with General Electric in corporate relations. Early in his career he was based in Los Angeles working for The Los Angeles Daily News and MCA Corp. Popravsky currently resides in Michigan with his wife of 24 years and their two college-age children.
Shatter joined Eternal Image at its conception and has been instrumental in everything from raising capital to strategic operations planning. She comes from a long line of entrepreneurial business owners with experience primarily in administrative and finance duties. Her education has stressed the importance of ingenuity and entrepreneurship to achieve success in the multitude of challenges present in business today.
Prior to joining Eternal Image, Shatter served as a Board Member for a crisis pregnancy center and enjoyed a decade-long career as Brand Merchandiser with Totes-Isotoner. Shatter currently resides in southeast Michigan with her husband of 27 years and their children.
Eternal Image, based in the Detroit suburb of Novi, was established in 2002. The company expects to begin delivering its first funeral industry products late in 2006 and early 2007.
I'm sure this was posted earlier, however I have not read the entire set of posts, only the past couple of hours worth. Besides its interesting to see.
A Letter To the Investment Community
Eternal Image management today confirms that it has raised the total amount of authorized shares to 2,375,000,000. This was done to meet obligations of increased production costs during our ramp up phase to fulfill distributor and industry demand for our products. With the possible exception of preferred voting stock, management does not currently foresee any reason to continue raising the total number of authorized shares.
Our core financial management strategy is to fund operations via income from sales, not from authorizing additional shares. Eternal Image Management does not take the issuance of new stock lightly, and does so when absolutely necessary. In an effort to reduce the effect of new stock issuances that took place primarily in Q4 2006, Eternal Image, Inc. management confirms via this bulletin that it intends to put in place a comprehensive stock buy-back program to be launched during the first half of this year. Management anticipates purchasing a meaningful and significant number of shares on the open market from time to time as market conditions dictate. A portion of our operating budget will be allocated for this purpose. More details regarding this program will be made available via press releases in the upcoming weeks. The dilution must now be reversed.
Signed
President and CEO,
Clint Mytych
LMAO, that was a good one..
been out all day, getting caught up..lol
Thanks SuperB, now thats behaving like an Investor!