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At the First Closing on February 20, 2008, we paid Syrei Limited, the selling Stockholder of Syrei, an aggregate of 75,000,000 shares of Ariel Way restricted common stock. These restricted shares of common stock were provided by the Company’s CEO on behalf of the Company, until the Company can increase its authorized number of shares and can issue shares. In addition, the Company issued to the Stockholder of Syrei a promissory note in the principal amount of $2,000,000, for a payment to take place no later than 135 days after completed audit of the financial statements of Syrei and its Subsidiary, but no later than 150 days after the First Closing. The promissory note is secured by all shares of the common stock of the acquired Syrei and will be held in escrow, pursuant to the terms and conditions of an Acquisition Pledge and Escrow Agreement. The payment of the $2,000,000 is defined as the Second Closing. In addition, the Company shall also pay to the Stockholder of Syrei an additional principal amount of $2,000,000 one year after the signing of the Merger Agreement. This additional payment shall be reduced per a formula, if the revenue and EBITDA achieved during the year prior to the payment do not meet thresholds defined in a mutually agreed to Business Plan.
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This is going to be huge!!!
Look back at post a month ago I remember seeing something about how he can sell til we reach $.50, which is great. Yes he does has to file, to sell
HOLD STRONG!!!
what do you think about SSWC, and are they diluting?
bid going back up
I think so to. very easy
(AWYI .009)Ariel Way, Inc. Closes Acquisition of Syrei Holding UK Ltd.
VIENNA, Va., Feb. 21, 2008 (PRIME NEWSWIRE) -- Ariel Way, Inc. (OTCBB:AWYI) announced today that the Company on February 20, 2008 completed the First Closing to acquire Syrei Holding UK Ltd., a UK and Sweden-based telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The transaction agreement will separately be filed with SEC.
Arne Dunhem, Ariel Way CEO, said, "I am very pleased with the First Closing of the Syrei transaction. To consolidate Syrei's operation with us is a significant step in our plan of building Ariel Way into a significant media player, both in the US and also overseas. It is also critical for continuing to build strong shareholder value. I am also very pleased and honored to work with Syrei CEO Thomas Strangert's team of highly skilled technical experts. For over ten years they have been successfully providing and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia."
Thomas Strangert, CEO of Syrei, said, "We are very pleased with the First Closing with Ariel Way and we believe we can support in growing Ariel Way to a strong player in the media field. We are looking forward to working with Ariel Way's Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."
Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.
About Ariel Way, Inc.
Ariel Way, Inc., a Florida corporation ("Ariel Way" or the "Company"), is a technology and services company for highly secure global communications, multimedia and digital signage solutions and technologies. The Company is focused on developing innovative and secure technologies, acquiring and growing profitable advanced technology companies and global communications service providers and creating strategic alliances with companies in complementary product lines and service industries.
More information about Ariel Way can be found on the web at http://www.arielway.com.
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the Company's Form 10-KSB for the fiscal year ended September 30, 2007 for a discussion of such risks, uncertainties and other factors. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. These forward-looking statements are based on management's expectations as of the date hereof, and the Company does not undertake any responsibility to update any of these statements in the future.
CONTACT: Ariel Way, Inc.
Investor Relations
Arne Dunhem
(703) 624-8042
info@arielway.com
Source: PrimeNewswire (February 21, 2008 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
Ariel Way, Inc. Closes Acquisition of Syrei Holding UK Ltd.
VIENNA, Va., Feb. 21, 2008 (PRIME NEWSWIRE) -- Ariel Way, Inc. (OTCBB:AWYI) announced today that the Company on February 20, 2008 completed the First Closing to acquire Syrei Holding UK Ltd., a UK and Sweden-based telecom-consulting firm comprised of senior specialists and experts in the evolving global telecommunications market (www.syrei.com). The transaction agreement will separately be filed with SEC.
Arne Dunhem, Ariel Way CEO, said, "I am very pleased with the First Closing of the Syrei transaction. To consolidate Syrei's operation with us is a significant step in our plan of building Ariel Way into a significant media player, both in the US and also overseas. It is also critical for continuing to build strong shareholder value. I am also very pleased and honored to work with Syrei CEO Thomas Strangert's team of highly skilled technical experts. For over ten years they have been successfully providing and will continue to provide services worldwide to major corporations and telecom operators. They will also add global expertise to our strategy of building a state-of-the-art highly secure Digital Signage Network and will have primary focus on markets in Europe and Asia."
Thomas Strangert, CEO of Syrei, said, "We are very pleased with the First Closing with Ariel Way and we believe we can support in growing Ariel Way to a strong player in the media field. We are looking forward to working with Ariel Way's Digital Signage activities in Europe and Asia in addition to continue to expand our current customer base on a worldwide basis."
Syrei, founded in 1997, is a telecom-consulting firm operating out of the UK and Sweden comprised of senior specialists and experts in the evolving global telecommunications market. Syrei's management and technical experts have successfully delivered professional services to value added service providers, telecom equipment manufactures and operators in more than 40 countries around the world. Syrei is a complete solution provider and a system integrator that is able to accept the total responsibility of large and complex projects. Syrei's consultants have been brought in to advise and aid major corporations and telecom operators like Ericsson, Nokia, 3GIS, ABB, Orange, SonyEricsson, Swedbank, Tele2, TeliaSonera, TIM etc.
About Ariel Way, Inc.
Ariel Way, Inc., a Florida corporation ("Ariel Way" or the "Company"), is a technology and services company for highly secure global communications, multimedia and digital signage solutions and technologies. The Company is focused on developing innovative and secure technologies, acquiring and growing profitable advanced technology companies and global communications service providers and creating strategic alliances with companies in complementary product lines and service industries.
More information about Ariel Way can be found on the web at http://www.arielway.com.
Forward-Looking Statements: Certain of the statements contained herein may be, within the meaning of the federal securities laws, "forward-looking statements," which are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. See the Company's Form 10-KSB for the fiscal year ended September 30, 2007 for a discussion of such risks, uncertainties and other factors. Any forward-looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. These forward-looking statements are based on management's expectations as of the date hereof, and the Company does not undertake any responsibility to update any of these statements in the future.
CONTACT: Ariel Way, Inc.
Investor Relations
Arne Dunhem
(703) 624-8042
info@arielway.com
Source: PrimeNewswire (February 21, 2008 - 8:00 AM EST)
News by QuoteMedia
www.quotemedia.com
what is the os and float
I have to wait til I receive my tax return.lol
why is this down
is the market open tomorrow?
Just the way I felt about SWVC. I could have bought there at .002-.003 area, and that ran to .086, with an significantly higher O/S. So it just takes patience, because how many of us has said " I wish I would have bought some when it was at ____ price" after a stock does a great run. It just takes patience. We now have a chance to be in on the ground floor
i think the T/A number is correct
you still have not provided me with facts or answered my previous question. Are you?
you still have not provided me with facts or answered my previous question. Are you?
You seem on edge I just asked you a simple question and you still fail to provide facts. Tomorrow is friday so we will see some swlling, but I think we will see more buying!!! Why do you think this is a pump and dump? It seems like this company Pr's actual business developments and they have not been making crazy promises(like intending to open a $1billion dollar oil well in manhattan)
I'm interested on why you think this will fall. what is it... Shady Ceo, dilution, etc. Could you please provide facts and where I can look for myself. Thanks in advance.
Caymans please answer this question for me: What are you trying to prove with your negative posts on a positive stock and situation.
that's what it looks like to me
do you know of what kind of news is coming to this stock
where do you see ACTU going?
you are right been trying for a long time
what does this mean?
What is up with the stock, its been almost 1 year since the R/S
hit the ask somebody put us in the green
what is the os
caught wind of what, whats goin on?
Why dont you just do whatever you are going to do, cause it seems like you are trying to get others to go with you. With your constant negative posting.
GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI GO AWYI
I hope Caymans is holding his breath for .001 ...lol
whats up with this stock
Good Day. whats is going on here.
so why was it up 20% and what ever happen to that biofuel rumor
anybody know whats going on here, and if any new developments
Whats is news here, we're up 20%
thats what it says for etrade
OS of OPGX is 32MIL
This stock is gonna blow soon.
if you lose money gambling who do you owe. NO ONE, but if you borrow from a bank you owe money