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News - Magnum to Acquire Equity Stake in Spreelast AG Cryogenic Crumb Rubber Operating Plant in Germany
Tuesday April 8, 9:00 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D’Or Resources, Inc. (OTCBB:MDOR) (Magnum) announces that the company has begun the necessary steps to own a substantial equity stake in the Spreelast AG operating facility in Vetchau, Germany. The facility is a World Renowned Producer of Fine Cryogenically formed Powders. http://www.spreerelast.de/cms/front_content.php?idcat=13
Magnum Chairman Mr. Glusic stated, “I am pleased to be able to announce in these challenging economic times that Magnum now looks to have a significant position in an operational facility in the near term. We can now focus on bringing the Spreelast proprietary knowhow, which provides Magnum with an array of technologies that could potentially revolutionize the rubber recycling industry worldwide, to our markets and create a revenue stream for the Company.”
With the addition of this facility we will now be able to produce and provide fine rubber powders to clients worldwide. This will also give us the ability to both import and export ultra fine powders (99.9% pure) for distribution to other suppliers and the corresponding plastic components created from the elastomeric alloys we manufacture.
Also, in an effort to help keep our investors and shareholders better informed we are launching a new enhanced and updated corporate website today. Our technicians will upload the new site by or before 4 P.M. eastern time at http://www.magnumresources.net/ where various information packages can be downloaded directly for viewing. In addition, we will soon be releasing a private shareholder website where registered users may view our proprietary technology more in depth; including several videos, pictures, and detailed information. There will also be a management contact center to allow direct feed back to the company executives on any issues that may be of concern to our shareholders. “We intend to utilize our web sites more extensively in the near future to announce and promote our company’s activities,” stated Glusic.
Magnum has the unique opportunity to provide a “Green Solution” to several of the worlds common disposal issues which includes our strategy to establish waste management facilities; design, manufacture, and sell products made with recycled materials; and institute viable solutions to the problem of recycling waste rubber. This also includes our one of a kind close loop recycling technology using our proprietary knowhow for recycling scrap rubber to produce a variety of end products while reducing greenhouse gases.
Thanks for this interesting information.
News
WorldWater & Solar Technologies Announces $35.64 Million Private Placement with The Quercus Trust
Wednesday February 13, 3:01 am ET
EWING, N.J.--(BUSINESS WIRE)--WorldWater & Solar Technologies Corp. (OTC BB: WWAT.OB - News), developer and marketer of proprietary high-power solar systems, today announced that it has raised $35.64 million from The Quercus Trust (“Quercus”) in a private placement of 20,000 shares of WorldWater Series F Convertible Preferred Stock at a price of $1,782.00 per share. Each share of the Series F Convertible Preferred Stock is convertible into 1,000 shares of WorldWater common stock. Quercus also received warrants to purchase 29 million additional shares of common stock at an exercise price of $1.815. Complete terms of the transaction will be described in a Form 8-K to be filed with the Securities and Exchange Commission.
“Thanks to the steadfast commitment of the Quercus Trust, WorldWater now has the funds critical to drive future growth,” said Quentin T. Kelly, Chairman and CEO. “A portion of the financing will be utilized to complete the construction of our 50 MW production plant in Texas, which is vital to the many large awards we are now pursuing. The funds will also be used to hire staff, support global expansion, and bolster our R&D. WorldWater is clearly positioned for a strong 2008 and, with the acquisition of ENTECH now complete, ramping up to meet the rapidly-developing demand for solar energy worldwide.”
Prior to February 8, 2008, The Quercus Trust and its affiliates owned shares of WorldWater common stock and preferred stock convertible into shares of WorldWater common stock representing approximately 11.5% of the equity ownership in the Company on a fully diluted basis. With this agreement, the Quercus Trust and its affiliates will own approximately 24.1% of the equity ownership in WorldWater on a fully diluted basis.
News: Initial Launch
Magnum Announces Initial Launch of Cryogenic Crumb Rubber Production Facility in Magog, Canada
Wednesday February 13, 1:15 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D’Or Resources, Inc. (OTCBB: MDOR) (Magnum) announces initial roll out phase for its first Cryogenic Crumb Rubber production plant in North America. The new production facility will have direct access to the railway and will include a TPE extension to produce end products. The overall project has an estimated value of $51,000,000.00 USD.
Joseph Glusic, President of MDOR, stated, “I’m very excited to announce our joint efforts with Canadian official and General Director Ghyslain Goulet of CLD de la MRC de Memphrémagog. Magnum has been granted 400,000 square feet (10acres) of land, with the option of immediate expansion, in the new industrial park in Magog for the production of rubber and rubber powders at our new Facility. We are currently under review and in discussions with officials for a variety of Federal and Provincial funding and assistance.”
The new facility will have a production line for both nuggets and buffings to fulfill new and existing orders. Magnum will also produce rubber powders, EPDM powders, EPDM compounds, thermoplastics, and thermoplastics elastomers at the plant.
TO VIEW OFFICAL LETTER AND AERIAL PHOTO CLICK HERE:
http://www.spreelastglobal.com/MDORMAGOGINVITE.pdf
Magnum is currently in negotiations with Federal and provincial governing bodies for funding that includes: grants, project funding, and financial assistance offered by the Ville de Magog and other government programs offered by both the Quebec and Canadian governments. Magnum will be provided with technical support at each stage of the industrial project, including availability to set up a local committee to support the different stages of the venture. This group may include people from the Town of Magog, the Local Employment Center (CLE), and the Centre local de développement (CLD). The resources developed through this group will allow Magnum to obtain maximum support at each step of development that includes: permitting, facility construction, employment of qualified manpower, or developing relations with the various municipal services.
Magog is well known as a rubber and plastics epicenter that sits in the Estrie region and in the MRC Memphrémagog. It benefits from an exceptional geographic location since it is situated on the Canadian-American border. The location provides quick access to several markets, such as Québec, Canada and the United States. The Interstate 91 leads directly into the states of Vermont and New Hampshire and is close to the states of Maine, Massachusetts and New York.
Mr. Ghyslain Goulet
General Director
CLD de la MRC de Memphremagog
www.cldmemphremagog.com
Magnum, with its new technology and through licensing rights, owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that could potentially revolutionize the rubber recycling industry in North America and China.
Magnum is rapidly expanding to become a Global Leader in the Recycling industry, by providing: Turnkey Recycling Plants, Operational Assistance, Consulting Resources, Waste Management Solutions, and Heavy Recycling Equipment Supplies for producing high quality raw materials.
PTSH today?
It's getting better all the time!
News: 5-Year $12,500,000 USD Agreement
Magnum D'Or Resources Signs 5-Year $12,500,000 USD Agreement with National Sales & Supply for Rubber Nuggets
Wednesday February 6, 6:00 am ET
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Magnum D’Or Resources, Inc. (OTCBB: MDOR) (Magnum) announces the signing and closing of a 5 year, $12,500,000.00 ($2,500,000.00 annually) contract, with National Sales & Supply (NSS, LLC) for rubber nuggets, effective immediately.
Magnum, under this new agreement, will sell and supply NSS, LLC with rubber nuggets in addition to its current contract for rubber buffings. Magnum will use its patented technology, through the process of recycling scrap rubber tires, to produce this new product.
Joseph Glusic, President of Magnum, stated, “We are now accelerating our rapid growth in the 'Green' Market using our unique worldwide patented technology. We are beginning to fulfill our mission by doing our part to eliminate global pollution generated by used tires and scrap rubber constituents in landfills.”
One of the keys to Magnum’s patented manufacturing processes is the high degree of quality control maintained during ambient granulation of tires, as well as the unique cryogenic process, where shredded tires/other scrap rubber are frozen in a controlled fashion in order to properly separate the rubber from the textile and steel. This allows precision grinding of the hardened rubber to very fine and pure powder.
Magnum, with its new technology and through licensing rights, owns a number of patents for the re-composition of rubber, the production of EPDM powders, and EPDM compounds that could potentially revolutionize the rubber recycling industry in North America and China.
Magnum is rapidly expanding to become a Global Leader in the Recycling industry, by providing: Turnkey Recycling Plants, Operational Assistance, Consulting Resources, Waste Management Solutions, and Heavy Recycling Equipment Supplies for producing high quality raw materials.
NSS, LLC is a leading manufacturer and distributor of rubber landscaping products and playground safety surfacing products.
National Sales & Supply Home page: http://www.nsalessupply.com/index.htm. To view Rubber Mulch: http://www.national-mulch.com/
The new CEO holds 5,2% from freefloat! Bought to 30.01.2008.
The new CEO held 5,2% from freefloat! Bought to 30.01.2008.
I think that`s very good news.
$18,240,000.00 annually !!!
Good News!!! Gemini Explorations, Inc. Provides Second Payment to Acquire the Los Chorros Gold Mine
Wednesday November 7, 2:30 am ET
Los Chorros Gold Mine: A Producing Gold Project in Antioquia, Colombia
CALGARY, AB--(MARKET WIRE)--Nov 7, 2007 -- Gemini Explorations, Inc. ("Gemini") (OTC BB:GXPI.OB - News) is pleased to announce that it has executed the second payment of US$40,000 as outlined in the definitive agreement to acquire the Los Chorros Gold Mine, a producing gold property in the El Bagre-Zargoza mining district, department of Antioquia, Colombia. Gemini has acquired an 80 percent majority controlling interest in the property for the sum of U$100,000 and the issuance of 2,500,000 restricted shares of GXPI. The company has paid US$50,000 to date in two separate payments leaving US$50,000 to complete the acquisition. Gemini has first right of refusal to acquire the remaining 20 % interest in the mine within 18 months of the Effective Date.
The Los Chorros Mine is currently being mined with extremely antiquated equipment, and Gemini believes that the project could be turned into a highly efficient producing gold project with low capital costs. Current mining operations at Los Chorros recover a low percentage of the available gold and precious metals present on the property. The plant would initially run at 30 to 50 tonnes/day with a targeted production rate of 100 tonnes per day during the first year. Gemini reported on November 5, 2007 that a 100 tonne per day production rate would produce US$1,080,280 monthly and over US$12,900,000 annually. These estimates are based on US$730 per ounce gold with US$200 per ounce operating and production costs netting US$530 per ounce.
The total cost of the project is estimated to be US$595,900, adding a contingency factor of 30% would bring the maximum projected total to US$774,700.The reports were prepared by general manager Juan Fernando Restrepo and chief geologist Carlos Alberto Vera of Minera Primecap Geological Services (MPGS) of Medellin, Colombia.
Historically one of the largest gold producing countries in the world, Colombia's vast mineral potential has remained virtually unexplored using modern exploration and mining techniques. The Department (Province/State) of Antioquia alone produces over 1,000,000 ounces of gold per year currently, and most of it is produced from antiquated production equipment and facilities. Driven by a new era of political and economic stability and an investment-friendly mining code, Colombia has emerged as one of the resource sector's most attractive new mining frontiers.
CEO Rizvi, Lenox Corp.
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NEWS!!! Invicta Group Inc. Completion of a Second CNN Airport Network Campaign
Wednesday September 12, 2:00 am ET
WESTON, FL--(MARKET WIRE)--Sep 12, 2007 -- Invicta Group Inc. (OTC BB:IVIT.OB - News) is reporting today as part of its Definitive Merger Agreement with Extraordinary Vacations Group, Inc. (Other OTC:EXVG.PK - News) that they have completed a second television advertising campaign involving Turner Private Network's CNN Airport Network. As part of EXVG's continuing plan to focus on strategic marketing alliances and affinity programs, it is pleased to announce it has an agreement with CNN Airport Network for cash and CNN Airport Network commercial airtime.
The airtime, held by EXVG on CNN Airport Network, is the result of a second purchase of travel television footage from EXVG's Travel Magazine, a series of approximately 160, 30-minute travel television shows made within the past 12 months by CNN Airport Network. The retail value of the contract is estimated at over $250,000. CNN Airport Network reaches more than 110 million passengers annually; CNN uses the footage for their network programming shown in the top 41 U.S. airports.
EXVG plans to use the commercial airtime to drive revenues to EXVG by way of both promotions of EXVG travel products and by sale of its airtime held with CNN Airport Network to travel-related industry suppliers. EXVG's suppliers will receive a series of 30-second television commercials.
EXVG is currently negotiating with several Web, Satellite, and Television Networks and stations for licensing of its Travel Magazine television shows, and is anticipating further agreements that will add to EXVG's revenue channels and its ability to market its brands and those of its partners.
EXVG is enhancing its current Travel Magazine website, www.travelmagazine.com, to include marketing opportunities for any travel supplier who wants to promote to a pre-qualified audience of prospects.
Bill Forhan, CEO of Invicta, stated, "This is one of the many synergies that should result from the merging of our companies. The combining of EXVG's television media and Invicta's Travel Hot Links Email marketing programs benefits our customers and preferred suppliers who will have access to new advertising programs that offer dramatically enhanced marketing opportunities."
ABOUT EXTRAORDINARY VACATIONS GROUP, INC. Extraordinary Vacations Group (Other OTC:EXVG.PK - News) is a media-based travel company providing travel solutions for affinity groups and membership-based organizations. The Company's proprietary technology and strategic travel relationships ensure competitive pricing and service, creating true value to its customers. EXVG's subsidiaries include Cruise Shoppes, Attaché Concierge Services, The Travel Magazine and Trip Professionals.
Additional information about Extraordinary Vacations Group can be found at www.exvg.com.
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel and Entertainment Industry. The company has 2 subsidiaries that both use the Internet as their key media to generate revenues. Travel Hot Link sells its Internet database of 40 million travel enthusiasts to Travel Suppliers that want to promote their discounted travel products -- airline tickets, hotel rooms, tour packages, and cruise cabins -- on the Internet 24/7. The Company has recently launched www.InvictaMusic.com to diversify revenues and enter the Entertainment Industry.
I agree with you.
up to .004
Merger-News = Tuesday-Run!!!!!
Invicta Group Inc. Announces Definitive Agreement Signed With Extraordinary Vacations Group
Monday September 3, 1:00 am ET
FT. LAUDERDALE, FL--(MARKET WIRE)--Sep 3, 2007 -- Invicta Group Inc. (OTC BB:IVGR.OB - News) announced today the company has signed a Definitive Agreement to merge with Extraordinary Vacations Group located in Ft. Lauderdale, FL.
Extraordinary Vacations Group and Invicta Group Inc. have signed a Definitive Agreement between the companies. The merger will be a stock-for-stock transaction, completed when the first round of equity funding is raised; estimated in 30 days, with the second round to be raised 30-45 days later; totaling $5,000,000.
The use of funds will be to pay off debt, increase marketing of respective subsidiaries, and increase working capital in an effort to implement the consolidated business plan.
Extraordinary Vacations Group (EXVG) and Invicta Group Inc (IVGR) both specialize in the Travel Industry. EXVG owns several subsidiaries including: Cruise Shoppes -- a Fort Lauderdale-based cruise consortium of 180 travel agencies that generate approximately $80 Million cruise and vacation sales annually; The Travel Magazine -- the world's largest and longest running series of over 160 travel shows, and boasting of several new contracts with Corporations such as CNN Airport and Voice of America; and Attaché Concierge Services -- a Toronto-based high end travel agency. The company has recently expanded its travel offerings and expertise to include "private label" affinity marketing solutions.
Bill Forhan, CEO of Invicta, states: "The new Invicta will continue to focus on the media and marketing reach of travel products to consumers, travel agents, and travel suppliers. We will use operational and marketing synergies of both companies to increase revenues and profits of the merged companies. This merger is the logical next step that creates substantial value for stockholders of both IVGR and EXVG, and it will benefit customers with new expanded service capabilities."
The Revenues for the 2nd Quarter 2007 - up 1290 % - compared to revenues for the 2nd Quarter 2006, without the revenues from Maupintour and Invictamusic? Very fine.
Quarterly Report 21-Aug-2007
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF OPERATIONS
The following discussion and analysis should be read in conjunction with Invicta Group's consolidated financial statements included in this report.
Results of Operations
New Revenue Stream
The company acquired an escorted tour operator March 1, 2007. The company will provide marketing services via their Email database of 40 Million travel enthusiasts, promoting the tours and offering a discount for early bookings. The acquisition, Maupintour, is a leader in the travel industry known for its upscale escorted tours to over 50 Countries.
Revenues
Revenues for the 2nd Quarter were generated from Internet Media sold by Travel Hot Link and Consumer travel packages sold by Maupintour. Internet Media Advertising revenues are flat fees charged to travel suppliers (hotels, airlines, tour operators) for media purchase on website www.travelhotlink.com
. Revenues for Consumer travel are escorted tours for groups ranging in size from 12-25 people. Revenues are recognized when a traveler is paid in full and their trip departs. Revenues for the 2nd Quarter ended June 30, 2007 were $718,364 compared to revenues of $51,700 for the 2nd Quarter ended June 30, 2006. The revenues in 2007 were generated from Internet Media Advertising and Consumer travel packages vs. 2006 revenues were from airline commissions. Revenues for 6 months 2007 were $913,576 versus same period 2006 revenues were $76,761.
Expenses
The major components of expenses are general and administrative expenses. The 2nd Quarter June 30, 2007 major expenses were: Payroll $238,714; Internet design $25,332; Professional fees $66,325; Interest Expense $49,627; the total G&A expenses for the quarter were $689,537
Acquisition of Tour Operator
March 1, 2007 Invicta acquired a Tour Operator that offers escorted tours to 50 Countries. The acquisition's revenues in 2006 were $7.1 million. The company was acquired for $1 cash and acceptance of $1,085,818 debt.. The audit has not been completed as of 8/20/2007, the audit started 8/14/07 ; estimating a completed audit in 30-45 days.
Impairment Charge Acquisition
The Company's 2007 quarterly consolidated results include the operations of
Maupintour, LLC. from the date of acquisition.
Liabilities assumed exceeded assets acquired by $1,085,818. The resulting
intangible asset was written off as an Asset impairment charge allocated as
follows:
Customer list $200,000
Goodwill $885,818
14
Fair values were determined by management's estimates without independent appraisal.
The Company will amortize the customer list beginning April 1, 2007 over a 5- year period. All goodwill acquired has been written off during the quarter ending March 31, 2007 as an impairment loss.
Net Profit/Net Losses
Net profit from Operations for the Quarter ended June 30, 2007 was $(546,988); income per share: $(0.008) compared to a net loss of $(125,460); loss per share $(0.025) for the Quarter ended June 30, 2006. The losses for the past 6 months 2007 totaled $(1,684,852) versus $(288,951) losses for the first 6 months 2006; $885,818 Goodwill was expensed for the acquisition of Maupintour.
Funding
Invicta has received equity funding advances from an Institutional Investor totaling $162,708 for the June 30, 2007 Quarter, and Invicta paid off $73,179 of debt in the Quarter. The debenture balance due as of June 30, 2007 totaled $338,292 Payments are made with conversions of free trading stock based on the formula: a 25% discount of the average of the three lowest days Bids, for the 20 days before conversion notice is delivered.
Liquidity
June 30, 2007 and 2006, Invicta Group's current liquidity ratios were (.22%) and (.043%) respectively. Invicta Group has not generated sufficient revenue in any period, to carry its costs of operations. Invicta has derived its liquidity principally from the sale of stock.
Common Stock Issued 2nd Quarter 2007
Invicta issued 130,433,000 common shares in the 2nd Quarter of 2007; 12,825,000 shares were issued for $37,625 consulting, 2,500,000 were issued for professionals fees of $15,000. 112,000,000 shares were issued to raise $162,708 equity funds and pay off debentures of $43,096 owed to Institutional Investor; and 3,108,000 shares were used to pay individual debentures that matured. Total shares issued 6/30/2007 were 167,401,488.
Capital Resources
Additional capital needs to be invested in the company. Invicta will need a minimum of $500,000 cash to assure the working capital is available to the company to implement its business plan.