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Merger imenent!!!!
AFPW NOVOFUEL
just buy the 4s then...seems to me if your trying to buy the float whats the difference between 3&4s?
...drop the PR on us Cade!
I think we are just going to wait for the PR for the details of the merger, sucks it taking this long but I realize these business plans take time. I think theres too much at stake for it to be a scam, even Genport posts the merger news on their website. I emailed Genport a few weeks ago asking about the merger and got no reply; which I took as positive since if they are merging with a public co they cant leak info out. IMO. ANyway, I see we are going to wait a little longer then we wanted to or was hoping for.
AFPW/NOVOFUEL
The merger would combine and integrate the synergistic technologies, Intellectual Property, products, revenues, engineering staffs, manufacturing operations, marketing, sales and services activities of both companies, including a new lab facility in the Philadelphia area. The focus of NovoFuel would be to pursue and capture backup and portable power applications and business opportunities in the U.S., Europe, and other market areas -- multi-billion dollar markets.
Many here are forgetting the main initiative for NOVOFUEL.....WIRELESS COMMUNICATION BACK UP POWER!!!
AFPW
Ahhh...the weekend...good times ahead of us folks! NO scam here when AFPW merges with a company who booked 1 MM in revs the 2nd month of the year!!!
News will put these two companies at the appropiate evaluation!!
Yes, I have a couple weeks ago and got no reply so which leads me to think its still in the works because when you become public you can not release private info, it must be released publiclly. If it fell thru, I would of expected an answer.
AFPWD
CB--you bet they do, just as they stated in the Feb PR; over $1 MM in the first 2 months!!!!...." In 2013 Genport already has booked over $1 million in revenues associated with its hybrid power products, including lightweight solar cell modules and lithium-ion battery pack modules for off-grid energy generation, and the GEN300 Hybrid Fuel Cell, which under NovoFuel will be integrated with the AlumiFuel Power hydrogen generation system. "
So assume a linear growth...so we should see $12 million in revenue for 2013 just from GENPORT normalized sales.
Well, we all know when a stock price sores up that drastically, it must correct itself and accumulate...and I think thats what we are seeing now.
AFPWD
I emailed GENPORT a couple weeks ago commenting on their products and technology then through a question in there concerning the merger...no reply yet. I am taking this as good sign since they would not be able to comment privatly when they ARE A PUBLIC COMPANY!!! If the merger fell through, they would of been able to comment back.. just saying...
GO AFPW/GENPORT/NOVOFUEL
ALL--free time and sales info if you dont have level 2
insert-text-here
...or wireless carrier contract or non-disclosure signed with a wireless co...since that was the focu of NOVOFUEL!!!!!!!!!!!!!!!!
CJ, thanks for the clarification in the PM!
AFPW
AFPWD climbing up on the break out board!!!! #7 heehaaa
Axiologix, Inc. Enters Potential $10 Million Annual Revenue Joint Venture
SARASOTA, Fla., May 2, 2013 /PRNewswire/ -- Axiologix, Inc. (www.axiologix.net) (OTC: AXLX), an International Technology and Services Organization focused on delivering Cloud-based Products and Services, today announces a joint venture company, Axiocomm LLC, in equal partnership with ePath Communications, a Florida based company deploying municipal wireless broadband networks. The joint venture has a potential annual revenue stream of $10 million. 50% percent of revenues and profits will be booked to Axiologix, Inc.
The Joint Venture (JV), known as Axiocomm LLC, is leveraging ePath's deep relationship with a large national training institution, to market Axiocomm's Voice, Data and Cloud services, under license, to a proven database of over 2,000,000 key decision makers or key influencers in the purchase of such services for large and small businesses across the United States. Dennis Mitrano, Axiocomm's CEO, is the managing member of the JV and will manage day-to-day operations. Florida will be the first market addressed given its proximity and will grow state-by-state thereafter.
Axiocomm provides the telecom and cloud services offered by the JV using its existing network and systems. ePath will share equally in the net profits generated by the JV. Axiocomm expects to generate revenues of between $300 and $1,000 per month per customer based on initial analysis, with gross margins above 40%.
Joe Tortoretti, President and CEO of ePath Communications and also CEO of New Horizons Computer Learning Centers Gulfcoast Florida said, "I am very excited to finally get this project underway as I have been looking for the right partner with the right competitive and compelling services to address the needs expressed to me over the years by many of the people we are targeting. It also benefits the training organization as they receive a percentage of the JV revenues under the license agreement."
Dennis Mitrano, CEO of Axiocomm and President of Telecom Operations Axiologix, Inc., commented, "This is another significant event in our ongoing journey to build a nationwide, market leading provider of cloud services to businesses across the U.S. – just like those of the decision makers targeted with this relationship. We are able to serve these new customers on a national basis, providing our advanced services at competitive prices that save. Capturing less than 1% of the contact base over the next few years would give us nearly 20,000 customers generating about $10 million per year in revenues."
Corporate Press Release e-Mail Distribution - Interested investors and shareholders will be added to the corporate e-mail database for future corporate press releases and industry updates after sending an e-mail with "AXLX" in the text to investorrelations@mindspring.com.
....Meanwhile, pre-merger business development efforts of both companies are proceeding at a fast pace. In 2013 Genport already has booked over $1 million in revenues associated with its hybrid power products, including lightweight solar cell modules and lithium-ion battery pack modules for off-grid energy generation, and the GEN300 Hybrid Fuel Cell, which under NovoFuel will be integrated with the AlumiFuel Power hydrogen generation system. Genport has established a customer relationship with Arrow Europe, Autostrade Spa and ENEL Group, Italy's largest power company, and a leading player in power and gas markets in 40 companies on four continents. ENEL is strongly committed to renewable energy sources, and ENEL Labs is sponsoring a $1 million competition, for which Genport has been selected as a finalist. At the same time, APTI continues to receive requests from many customers around the world for quotations regarding its PBIS (Portable Balloon Inflation System) products
AlumiFuel Power and Italian Power Solutions Company, Genport, Announce Merger Plans
http://media.marketwire.com/attachments/201209/85954_alumifuel.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=982330&ProfileId=051205&sourceType=1
PHILADELPHIA, PA -- (Marketwire) -- 02/06/13 -- Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company"), announced today that it has signed a Term Sheet with Genport, srl of Italy, which would merge its wholly-owned Philadelphia-based operating subsidiary, AlumiFuel Power Technologies, Inc., (APTI) and Genport into a new U.S. corporate entity, NovoFuel, Inc. This initiative is the result of continuing Joint Venture discussions between the parties, as reported in the AFPW news release of November 28, 2012. This term sheet will be the basis for, and the parties are moving forward toward completion of, a definitive agreement through which both parties would own 50% of NovoFuel before any future financings.
The merger would combine and integrate the synergistic technologies, Intellectual Property, products, revenues, engineering staffs, manufacturing operations, marketing, sales and services activities of both companies, including a new lab facility in the Philadelphia area. The focus of NovoFuel would be to pursue and capture backup and portable power applications and business opportunities in the U.S., Europe, and other market areas -- multi-billion dollar markets. The new entity would pursue the engineering development of an integrated 5kW backup power system for telecom facilities.
NovoFuel would encompass the following capabilities of both companies: (1) APTI's AlumiFuel powder and cartridge-based hydrogen generation for fuel cell power, weather balloon lift gas and Unmanned Undersea Vehicle power; and (2) Genport/GNA's fuel cell power systems, hydrogen generation and storage systems, solar cells and lithium-ion battery packs. Genport's current flagship product is the G300 Hybrid Fuel Cell, a European certified 400 Watt system that can take energy inputs from hydrogen, solar panels and lithium-ion battery packs and deliver electricity for a variety of applications including military, emergency telecommunications, PCs, battery charging, electro-medical devices, and auxiliary power.
The next steps in the merger process include executing the definitive Merger Agreement, completing the capital raising effort already underway by Colebrooke Capital Ventures of New York City, and converting NovoFuel into a public entity at the appropriate time.
AlumiFuel Power Technologies' President & CEO, Mr. David Cade, said: "NovoFuel would be a true alternative energy company with global reach, and we are excited about introducing customers around the world to the advanced energy capabilities of this new company."
Genport's Chief Executive Officer, Mr. Paolo Fracas, said: "NovoFuel will offer significant new power solutions for portable electronics, backup power, and micro-grid users. The introduction of our new multi-technology, extended run-time fuel cells for various critical mission applications will offer tremendous new market opportunities for us."
Completion of this transaction is subject to, among other things, further due diligence by the parties, negotiation and execution of definitive agreements, and any board of director and/or stockholder approvals that may be necessary.
About AlumiFuel Power Corporation (www.alumifuelpowercorp.com)
AlumiFuel Power Corporation, operating through its wholly owned subsidiary, AlumiFuel Power Technologies, Inc., is an early production stage alternative energy company that generates hydrogen gas and steam/heat through the chemical reaction of aluminum powder, water, and proprietary additives. This technology is ideally suited for multiple applications requiring on-site, on-demand fuel sources, serving National Security and commercial customers. The Company's hydrogen feeds fuel cells for portable and back-up power; fills inflatable devices such as weather balloons; can replace costly, hard-to-handle and high pressure K-Cylinders; and provides fuel for flameless heater applications. Its hydrogen/heat output is also being designed and developed to drive fuel cell-based and turbine-based undersea propulsion systems and auxiliary power systems. The Company has significant differentiators in performance, adaptability, safety and cost-effectiveness in its target market applications, with no external power required and no toxic chemicals or by-products
About Genport,srl (www.genport.it)
Genport srl is an advanced power solutions company based near Milan, Italy. Genport is focused on providing clean, safe, reliable and high performance portable power sources for medical, defense, emergency, telecommunications, and industrial applications. Genport's solutions are designed to store and generate electrical energy anytime, anywhere. Genport combines solid hydrogen PEM fuel cell, lithium ion battery and solar cell technologies to: provide a constant, reliable source of power; maximize power and energy density; eliminate noise, emissions and operate in extreme environmental conditions. Genport/GNA's technology partners include Milan Polytechnic, Texas Instruments, Arbin Instruments, four European companies, and Purdue University.
Wed, Feb 20, 2013
8:00 AM AlumiFuel Power and Italian Power Solutions Company, Genport, Provide Update on Merger Plans - Marketwired
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AlumiFuel Power and Italian Power Solutions Company, Genport, Provide Update on Merger Plans
http://media.marketwire.com/attachments/201209/85954_alumifuel.jpghttp://at.marketwire.com/accesstracking/AccessTrackingLogServlet?PrId=987648&ProfileId=051205&sourceType=1
PHILADELPHIA, PA -- (Marketwire) -- 02/20/13 -- Early production stage hydrogen generation company AlumiFuel Power Corporation (OTCBB: AFPW) (the "Company") announced today that the prospective merger of its Philadelphia-based operating subsidiary, AlumiFuel Power Technologies, Inc. (APTI), and Genport srl into a new U.S. corporate entity, NovoFuel, Inc., is proceeding according to plan (see AFPW news release of February 5, 2013). The parties are finalizing a definitive merger agreement through which each would own 50% of NovoFuel before any future financings.
The merger would combine and integrate the synergistic technologies, Intellectual Property, products, revenues, engineering staffs, manufacturing operations, marketing, sales and services activities of both companies, including a new lab facility in the Philadelphia area. The focus of NovoFuel would be to pursue and capture backup and portable power applications and business opportunities in the U.S., Europe, and other market areas -- multi-billion dollar markets.
Meanwhile, pre-merger business development efforts of both companies are proceeding at a fast pace. In 2013 Genport already has booked over $1 million in revenues associated with its hybrid power products, including lightweight solar cell modules and lithium-ion battery pack modules for off-grid energy generation, and the GEN300 Hybrid Fuel Cell, which under NovoFuel will be integrated with the AlumiFuel Power hydrogen generation system. Genport has established a customer relationship with Arrow Europe, Autostrade Spa and ENEL Group, Italy's largest power company, and a leading player in power and gas markets in 40 companies on four continents. ENEL is strongly committed to renewable energy sources, and ENEL Labs is sponsoring a $1 million competition, for which Genport has been selected as a finalist. At the same time, APTI continues to receive requests from many customers around the world for quotations regarding its PBIS (Portable Balloon Inflation System) products.
Capital raising efforts related to the prospective merger are continuing, and the parties are exploring options for conversion of NovoFuel into a new U.S. public entity at the appropriate time. Completion of this transaction is subject to further due diligence by the parties, negotiation and execution of definitive agreements, and any board of director and/or stockholder approvals that may be necessary.
AlumiFuel Power Technologies' President & CEO, Mr. David Cade, and Genport's CEO, Mr. Paolo Fracas, issued a joint statement: "We are more bullish than ever about the renewable energy technologies which will be embodied in NovoFuel, and the expansion of our target markets into other continents."
Merger news about AFPW and GENPORT coming......
Im guessing GENPORT is buying and other fincial partners, doubt it retail...especially after a split!
GO AFPW & GENPORT
I stepped away for a few hours and WOW what a nice surprise as I returned!!!! Unfortunatly, I need to see $.21 to be even . I didn't average down presplit b/c of all the share selling.
AFPWD!!!!!!!!!!!!!!!!!!
AFPWD up 100% on merger anticipation that was released in a PR in Feb. AFPW to merge with GENPORT, who booked over $1MM in rev in the first 2 months of 2013, to form a new company NOVOFUEL!!!!!
Maybe news Friday morning???
AFPW...NOVOFUEL...GENPORT!!!!!!!!!!!!!!!!!!
WOW! 300 Million BID SUPPORT!!! SOMEONE KNOWS THE MERGERS COMING!
Hoping for a PR Friday 7:00 AM, which is typical for AFPW!
You and me both Garyst...for me, 10M shares in the .0012 range....too much in the works here to give up! I many here wanted a quick flip or swing trade but its more of an investment IMO. Cade had mentioned/hinted about Genport a year ago in his interview--the mentorship. Investors have a short-term mindset versus the company who is vested long-term. The new share structure will surely attract new traders if we can get an update on the merger soon here.
AFPW
Agree, doubt Genport would place the PRs on their website if they werent confident in the merger,
YUP, I was right, PR about the split just released[url][/url][tag]http://ih.advfn.com/p.php?pid=nmona&article=57294539
[/tag]
My guess they will release a Form 8-K after hours, which would satisify the statement you posted.
na...just consolidating and accumulating...healthy!
...brings down the AS to 37.5 Million...pretty small!
WOW, the grips of solitude has eaten you up. LOL Patience is a mental game, & will drive irrational thinking.
I respect your opinion IRON1, however, I strongly disagree. If AFPW wanted to scam the share holders, the split would of been more severe to sqeeze more $ per share. Why would NOVOFUEL have to keep diluting when GENPORT booked over 1 mil in sales in the first 2 months of the year. Likely, if there's no merger, BUT per the PRs, MERGER is immanent. If they dont release news upon the split then I think the PPS will drop some due to impatient share holders and lack of interest...but doubt due to dilution.
AFPW/GENPORT/NOVOFUEL
Common guys, we all new what the annual report was going to show. We knew the only revenue that was going to be reported was the 60K sale of the PBIS-2000...NO SURPRISES THERE. Its about the forgoing events now!! Merger and NOVOFUEL!
The REAL supporters ARE here, we just know what we own! We've done our DD and assessed our risks so we don't need to justify our positions. AFPW and Genport are working on the merger logistics, NOVOFUEL will succeede and so shall the true investors. The real decision us longs will be faced with is "DO WE PUT OUR SELL ORDER IN AT $1.00, $2.50 OR $3.50!
The REAL supporters ARE here, we just know what we own! We've done our DD and assessed our risks so we don't need to justify our positions. AFPW and Genport are working on the merger logistics, NOVOFUEL will succeede and so shall the true investors. The real decision us longs will be faced with is "DO WE PUT OUR SELL ORDER IN AT $1.00, $2.50 OR $3.50!
Great Events are unfolding....
-MERGER COMPLETION,
-GNEPORT BOOKING OVER 1 MILLION $ IN THE FIRST 2 MONTHS OF 2013
-PBIS-2000 GENERATOR MERGED WITH GENPORTS GEN300 Hybrid Fuel Cell
-AIRFORCE TESTING THE PBIS-2000 WITH THIER REQUESTED MODS
-NEW SHARE STRUCTURE OF 500 MILLION
-NEWS PENDING
-CONTRACTS PENDING
GOOD MOVE!!!! I want to ditch some other dogs and pick more up as well b/c everyone knows they will be releasing major updates prior to the r/s.
GO AFPW!
Acer--I agree, if this was a scam sharing co, the split would of been 10 times worse. I believe they needed the funding before, hence the large quantity of shares but now they have GENPORT to help on the financial side, and so now they need to get the share structure in shape again! I beilieve they will release contract news soon which will boost the PPS where it needs to be. AFPW!
yup, keep your integrity DUDE and take them 5's out as stated yesterday. LOL
If you take out the 5's you might as well take my 7's...I am getting impatient..LOL