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KKRI Kayenta Kreations, Inc. Announces Signing of Letter of Intent
SALT LAKE CITY--(BUSINESS WIRE)--
Kayenta Kreations, Inc. (OTCBB:KKRI) announced today that it has entered into a Letter of Intent to acquire all of the issued and outstanding common stock of GeoSpatial Mapping Systems, Inc., a privately-held Delaware corporation with its principal headquarters located in Pittsburgh, PA ("Geospatial").
The proposed acquisition is subject to certain conditions and will involve a change in stockholder control of the Company, change of management, change of corporate name, change of corporate headquarters and other significant matters. The proposed acquisition is expected to involve a 2.8 to 1 forward stock split of the currently outstanding shares of common stock of Kayenta. Subject to the conditions precedent the Acquisition is proposed to be completed in mid-January, 2008.
Geospatial Mapping Systems, Inc. is an infrastructure technology company specializing in the mapping and management of underground pipeline systems.
Under exclusive license to Reduct NV of Belgium, Geospatial utilizes the DuctRunner Smart Probe Pipeline Mapping Technology to economically and accurately map underground water, sewer, energy (oil & gas), electrical and communication pipelines and conduits. Utilizing proprietary software, this critical pipeline location data is integrated into GIS (Geographic Information System) data bases which enable municipalities, utilities, energy companies and industrial pipeline operators to better manage their underground pipeline assets. Geospatial’s website is www.geospatialcorporation.com.
This release includes forward looking statements. Such statements involve risks and uncertainties which could cause actual results to differ materially from those set forth herein.
Contacts
Thomas G. Kimble & Associates
Thomas Kimble, 801-531-0066
(Company Counsel)
in KKRI.
SCRA .085 x .09 now. GLTU.
watching SCRA on news. .055 x .06
GM all.
GM All.
Still the same as when Dancy last posted:
17000 x 10000
SBSH FRAN NITE 20 X 26 UBSS SBSH
2 X 30 VERT NITE
2 X 35 HILL FRAN
1 X 36 HDSN
1 X 55 ETRD
1 X 60 SALI
2 X 200 VFIN DOMS
Agreed. There was a lot of buying into the close on Friday probably in anticipation of news on Monday or Tuesday. It's Wednesday now so perhaps people have grown impatient b/c of no news yet. We should hear something soon enough. They have been keeping us updated with at least one PR per week over last several weeks.
All the best FTG. GLTU!
Yep. It changed minutes after my last post.
.0027 back on the ask.
.0021 x .0027 (1 x 1)
watching PRSU on news:
PRSU Prime Restaurants, Inc. Announces That It Has Completed Negotiations to Acquire a Major N.Y. - N.J. Metropolitan Restaurant Builder/Supplier
Wednesday, December 05 2007 9:44 AM, EST Market Wire "US Press Releases "
FT. MYERS, FL -- (MARKET WIRE) -- 12/05/07 -- Prime Restaurants, Inc. (PINKSHEETS: PRSU) today announced that it has completed negotiations to acquire a major N.Y. - N.J. Restaurant Builder/Supplier and will close by year's end.
The company is very excited about this acquisition as it will not only bring a very well established entity with significant revenue into the company, but will also enable the company to build its own restaurants at a reduced cost, thus increasing the company's ability to create more of its own locations.
"This is an acquisition that I have been pursuing for a long time as it will open a whole new world of opportunities for our company, I am delighted that we have finally been able to bring this acquisition to fruition," said Cris Galo, President & CEO.
About Prime Restaurants, Inc.
Prime Restaurants, Inc. is a Restaurant Holding Company devoted to the restaurant and food service industry, with an aggressive growth plan while continuing to build value for its shareholders. The company's capitalization is presented below:
Authorized Common Shares: 180,000,000
Restricted Common Shares: 155,733,240
Common Shares in the Public Float: 24,266,760
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Prime Restaurants, Inc.
Investor Relations
Tel: 1-866-532-5908
Fax: 1-239-437-5777
China Holdings, Inc. Consolidate Minerals Development Through Transaction Agreement to Acquire 100% of Tong Ren Kai Yu Minerals with 3 Minerals Properties & 2 Mining Licenses for Producing Rare Metals Like Vanadium (V2O5) and Molybdenum (Mo) PR Newswire "US Press Releases "
LAS VEGAS and BEIJING , Dec. 5 /Xinhua-PRNewswire-FirstCall/ -- China Holdings, Inc. (OTC Bulletin Board: CHHL), a global diversified assets holdings company, and its subsidiaries engage in multiple China -focused business activities including energy, renewable energy, resources, finance, real estate, utilities and pharmaceuticals, announced today the Company has consolidated its minerals resources development through a successful ACQUISITION TRANSACTION AGREEMENT with Tong Ren Kai Yu Minerals Co. Ltd. , TongRen BaHuangZhen NeShao Pb-Zn-P Minerals Plants and GuiZhou FuRuiDe Minerals Co. Ltd (together call "Tong Ren Kai Yu Minerals") with Exclusive First Refusal Rights ((3) years) to acquire 100% of Tong Ren Kai Yu Minerals with three(3) mineral properties/mines and two (2) mining permits for producing rare metals Vanadium (V2O5), Molybdenum (Mo), Uranium (U) in Gui Zhou Province, the People's Republic of China and three (3) exploration licenses. All the mining permits and exploration licenses are approved by the Provincial Land & Resource Minister of the People's Republic of China .
The preliminary mining engineering reports estimate that the Vanadium (V2O5), Molybdenum (Mo), Uranium (U) reserves contained in the three mineral properties/mines covered by the three mining exploration licenses and two mining permits are worth up to RMB65 billion (approximately US$8.67 billion )at current prices. China Holdings plans to conduct more detailed mining feasibilities study in the near future for the pending results of minerals reserves and intends to explore acquiring additional mining permits and exploration licenses in a larger area. Tong Ren Kai Yu Minerals confirm that there are no debt, no liabilities. The Company has agreed to pay RMB300 million (approximately US$40 million ) for the 100% of Tong Ren Kai Yu Minerals with three mineral properties/mines and two mining permits for producing rare metals (Vanadium (V2O5), Molybdenum (Mo), Uranium (U), etc.) and with three exploration licenses The RMB300 million payments to Tong Ren Kai Yu Minerals /Shareholders is scheduled for: 1). RMB200 million in common shares of China Holdings, Inc. (NASD OTCBB: CHHL) of which RMB50 million (approximately US$6.67 million ) will be valued at US$0.05 per share, and RMB150 million (approximately US$20 million ) at the average closing price for the common shares of China Holdings, Inc. (NASD OTCBB: CHHL): 5 days before the closing & 5 days after the closing day; 2). The balance of RMB100 million (approximately US$13.33 million ) will be paid in cash at the closing. The Company is establishing its minerals subsidiaries. And the transaction will be completed through the Company's subsidiary in China and/or Off-Shore upon full satisfaction of due diligence and mining feasibilities studies as well as government regulatory approval.
Vanadium is used in metal alloys with iron to produce high strength steel, which have a wide range of uses including structural applications such reinforcing bars in building and construction, gas and oil pipelines, tool steel, the manufacture of axles and crankshafts for the automobile industry, and jet engines for the aircraft industry. Non-steel uses include welding, and alloys used in nuclear engineering and superconductors. Vanadium chemicals and catalysts are used in the manufacture of sulphuric acid, and desulphurisation of sour gas and oil. Vanadium is sold in a number of forms; either as vanadium pentoxide (V2O5), or less commonly as vanadium trioxide (V2O3), or as an alloy of iron and vanadium commonly as FeV80 (80% contained vanadium) or FeV50. V2O5 is typically quoted in USD per pound, whilst FeV is quoted in USD per kilogram. Mine production accounts for only approximately 20% of annual World production of vanadium, the majority of World production (80%) is a by-product from reprocessing of steel slags, oil refining, and the uranium enrichment industry. Vanadium prices have fluctuated over the last decade with sharp price rises and declines during short time periods. Prices have ranged from US$1.30 per lb V2O5 to more than US$20 per lb. The average prices have been in the range US$3 -- $4 per lb.
China Holdings plans to establish/invest a mining plant to produce Vanadium at approximately volume 1000 -- 5000 Ton/year after the transaction completion to expand and consolidate its minerals & metals operations in the near future. Currently, Tong Ren Kai Yu Minerals has the development rights for a Vanadium Production Plant's approved by the Provincial Land & Resource Minister of the People's Republic of China .
The Enhanced Development through the Company's strategic acquisitions of 100% "Tong Ren Kai Yu Minerals" to consolidate the Vanadium (V2O5), Molybdenum (Mo), Uranium (U) 's mines, and exploration grounds in the mines area is as the Chinese government encouraging the consolidation within a mining district of small mining operations and companies into larger, well-organized operations in order to improve safety and environmental practices and for better use of resources.
The Company is aiming to establish, expand, and diversify in the mining resource industry in China , and/or worldwide, in its rare metals resource and properties with mining licenses in production base in its own right, and through strong joint venture partners in the People's Republic of China . The Company is establishing high-margin rare metals (Vanadium (V2O5), Molybdenum (Mo), Uranium (U)) production, increasing mineral resource inventory and mining life aiming at exploration, production and the development of multi- commodity project pipe lines. Furthermore, the Company's mining projects and prospects will be based on rigorous economic evaluation, be subsequently advanced, and joint-ventured.
The Company's objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China , or/and worldwide, or/and which derive a significant part of their revenue from China , or/and worldwide.
About China Holdings, Inc. (NASD OTCBB: CHHL)
China Holdings, Inc. (NASD OTCBB: CHHL) is a development stage company with the goal of becoming a diversified global assets holding company. The Company and its subsidiaries engage in multiple China -focused business activities including energy, renewable energy, resources, finance, real estate, utilities and pharmaceuticals. Its objective is to achieve long-term capital appreciation through investment in companies and other entities with significant assets, investments, production activities, trading or other business interests in China , or/and worldwide, or/and which derive a significant part of their revenue from China , or/and worldwide. The Company has two controlled subsidiaries: (i) China Power, Inc. , and (ii) China Health Holdings, Inc. For the Company's profile, please feel free to via website: http://www.chinaholding.net .
About China Power, Inc.
China Power Inc. , a controlled subsidiary of China Holdings, Inc , is a development stage company with the goal of becoming a global leading energy & renewable energy holding corporation, that focuses on the Merger & Acquisition, investment, Research & Development, construction and operation of energy, and renewable energy, and environment protection projects in China and worldwide.
For worldwide investor and media inquiries, please contact:
China Holdings, Inc. (NASD OTCBB: CHHL)
Las Vegas and Beijing
James H. Simpson, Senior Vice President /Investors Relations
And Julianna Lu, Chief Executive Officer
Tel: +86-10-6586-4770 ( China )
Fax: +86-10-6586-4790
Mobile: +86-1370-133-1287 ( China )
Email: lujulianna@yahoo.com or info@chinaholding.net
Web: http://www.chinaholding.net
Safe Harbor Statement: To the extent that statements in the press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward looking, all forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements and any other cautionary statements, which may accompany the forward-looking statements, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made. Other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the Company's industry and general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-KSB; its quarterly reports on Forms 10-QSB; and any reports on Form 8-K. In addition, the company disclaims any obligation to update or correct any forward-looking statements in all of the Company's press releases to reflect events or circumstances after the date hereof.
SOURCE China Holdings, Inc.
In CHHL.
watching VSTR on news. .028 x .03
GM Soldier.
I was wondering that myself.
My thoughts exactly.
One $6 trade and another $10 trade at the close. Someone wanted this to close red.
4641 15:59:57 0.0022
3065 15:59:33 0.0022
Same here!
GL! I flipped it and got back in today at your same entry.
Are you in?
Grabbed some at $.30
OHAQW UP 4000% already, geez.
I see a trade at 9:36am and nothing since then? That 5000 block ($13) dropped the bid from .0026 to .002
WTG MT. Very nice.
Nice close. I see we made Bill Panetta's weekend POWERSCANS' List fwiw:
POWERSCAN:
onmc
thpw
pcsv
nsol
chvc
tnro
jagh
llsr
caah
agxm
hrct
ptsc
imgg
fgoc
bfnh
mdmn
tplm
tpdi
dlav
SUBS:
bban
prmo
fccn
srsr
avwi
ccww
wnbd
bnpd
spzi
gspg
jrse
Finally, a nice GREEN close. Have a good evening all.
Nice trade.
1:50 RS coming on this one:
"On December 7, 2007, at 5:00 p.m. Eastern Time, the reverse stock split shall become effective. At that time, each fifty (50) outstanding shares of common stock of the Company will be combined into and automatically become one (1) outstanding shares of common stock of the Company. The reverse stock split is expected to reduce the number of outstanding shares of the Company’s common stock from approximately 2,579,231,553 shares to approximately 51,584,631 shares. No fractional shares will be issued in connection with the reverse stock split, all fractional shares that would have resulted from the reverse split shall be rounded up to the next whole share."
AMRE (.0002 )AmeriResource Revenue Increases 308% for the Third Quarter Market Wire "US Press Releases "
LAS VEGAS, NV -- (MARKET WIRE) -- 11/29/07 -- AmeriResource Technologies, Inc. (OTCBB: AMRE), a diversified holding company, announced today that it has filed its financial statements for the third quarter ended September 30, 2007 when revenues more than quadrupled, reporting a 308% revenue increase over the same quarter last year.
"For the third quarter, AmeriResource revenue rose to $1,066,598 , a 308% increase over revenue of $261,154 the same quarter one year ago. We are pleased with the triple digit revenue growth for this quarter, and expect to report strong revenue for the fourth quarter as well," noted Delmar Janovec, CEO of AmeriResource.
"As we move forward, management will continue to work diligently to grow revenues and improve margins. While the company has not achieved profitability, we have seen strong revenue growth and will continue working hard on the operations of our subsidiaries," Janovec added.
To review the third quarter financial statements on file with the Securities and Exchange Commission , please visit www.sec.gov.
The company also announced that a one-for-fifty reverse split of its common stock is planned to become effective as of market open on Friday, December 7, 2007 . All fractional shares will be rounded up to the next whole share, and the percentage ownership interest of all existing shareholders will essentially remain the same.
Janovec noted, "The Board and management believe this reverse stock split is in the best interest of the Company and its shareholders. We believe this will enhance the Company's flexibility with regard to matters that may be identified from time to time such as financing, employee compensation, potential acquisitions, strategic business relationships, and the expansion of our subsidiaries such as RoboServer Systems Corp. and BizAuctions, Inc. "
The Company encourages the public to review the information contained herein in conjunction with financial statements such as its Form 10-KSB for December 31, 2006 , as well as the subsequent quarterly financial statements for 2007. These financial statements can be viewed at www.sec.gov.
ABOUT AMERIRESOURCE TECHNOLOGIES, INC.
AmeriResource is a diversified holding company with headquarters in Las Vegas, Nevada . Among others, it operates BizAuctions, Inc. , AuctionWagon Inc. , and RoboServer Systems Corp. as subsidiaries. For more information on the Company and its subsidiaries, please see the Company's website at http://www.ameriresourcetechnologies.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. Factors that could cause or contribute to such differences are discussed more fully in the "Risk Factors," "Management's Discussion and Analysis or Plan of Operation" and other sections of the Company's Form 10-KSB and other publicly available information regarding the Company on file with the Securities and Exchange Commission , at www.sec.gov. The Company will provide you with copies of this information upon request.
Contact:
AmeriResource Technologies, Inc.
Delmar Janovec
(702) 214-4249
Email: Email Contact
http://www.ameriresourcetechnologies.com
what a fast drop down to .01 but back up now.
In IYXI
watching ATNO too.
Is it AON?
Yes, funky feed, lol. I have .002 x .0025
Last trade .002
Exactly. eom
Yep! I'm in @ .004. I like your entry better. :)
Nice. GL!
watching NVST on merger news.