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ESIV - Announces $1,750,000 USD Financing
Monday May 19, 9:15 am ET Geoexchange Technology Provider - Essential Innovations Technology Corp.
BELLINGHAM, Wash., May 19 /PRNewswire-FirstCall/ -- Essential Innovations Technology Corp. (OTC Bulletin Board: ESIV; FRANKFURT: E6S) is truly pleased to announce that it has successfully closed and funded a financing in the form of a convertible secured note in the amount of $1,750,000 USD.
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The proceeds invested in the Company from the sale of a fixed price, interest-bearing, convertible term note, will be used to pay down existing debt, purchase raw materials, structure an interest escrow account for service of the note, and to provide overall general working capital. This investment not only allows the Company to focus on the production and delivery fulfillment of a significant amount of current units orders, but it further supports the rapid and steady growth plan for the manufacturing and distribution activities for it's proprietary Geoexchange heat pump technology.
"This recent funding is truly representative of the high level of confidence that exists from the investment community in our technology, our people, our industry and our organization. The business relationships we have now solidified over this last year, most particularly in relation to the sales and distribution of our EI Elemental Geoexchange product line, provided us with the necessary validation of our overall business case to gain the on-going support of our lender as is clearly represented by this substantial investment. As negotiations in relation to a larger equity financing now continue forth with numerous parties both domestically and internationally, this recent $1,750,000 investment has provided a wonderful catalyst to drive our business and to continue to prove to those in the capital markets and throughout the industry that we have positioned ourselves to be one of the true Geoexchange leaders in the World today," stated Jason McDiarmid, President/CEO.
With regards to additional financing, the Company remains engaged in multiple discussions and negotiations with other outside investment sources and/or strategic business partnership candidates with the goal to facilitate a large straight equity financing in the latter part of 2008/early 2009. The proceeds of such future financing would allow the Company to further expand global operations, move in to full-scale international production and distribution of it's Geoexchange product line, launch a widespread sales and marketing campaign, entirely take-out existing senior secured debt, continue to seek further ESCO project opportunities and to provide significant on-going working capital.
Essential Innovations Technology Corp. provides cutting-edge Geoexchange solutions for residential, commercial and industrial applications as both a Geoexchange energy service company and as a manufacturer of proprietary geothermal heat pump technology. The Company was incorporated in April 2001, and it has four wholly owned subsidiaries located in British Columbia, Canada and in Hong Kong, SAR, China.
Geoexchange technology harnesses the earth's clean, renewable thermal energy stored just below the surface or in large bodies of water for purposes of heating, cooling, domestic hot water and/or dehumidification. A Geoexchange system is used to "exchange" the earth's natural heating and cooling properties between a building and the ground. This non-combustion transfer of energy is the source of performance and environmental superiority, as Geoexchange systems need only a small amount of electrical energy to then capture, move and concentrate a large amount of free energy provided by the earth.
412.000 shares traded today so far! That looks very good! It's been a long time that the trading volume was so high!
I will buy a small position now, the stock could jump higher anytime, especially if there are news on the financing side.
ESSENTIAL INNOVATION(OTC BB: ESIV.OB)
Last Trade: 0.1010
Trade Time: 12:32PM ET
Change: 0.0010 (1.00%)
Prev Close: 0.10
Open: 0.10
Bid: 0.1000 x 5000
Ask: 0.1050 x 5000
Day's Range: 0.1000 - 0.1010
52wk Range: 0.04 - 0.15
Volume: 412,531
Avg Vol (3m): 52,139.7
Market Cap: 4.87M
ESIV CEO interview on the radio:
http://s3.amazonaws.com/static.investorideas.com/podcasts/2008/051208.mp3
where did you get these shareholder figures from? please post the link so that we can all see the source. thank you.
Why should I buy in Germany? The Bulletin Board is the "home" stock exchange for ESIV. I think if more people in the US realize the hidden value of this company, the trading volume in the US will jump up and follow the German numbers...
Thought you might be interested in this chart. I found it on Yahoo! Finance today. You can access the chart at the following link:
http://finance.yahoo.com/charts?s=ESIV.OB#chart1:symbol=esiv.ob;range=1m;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
thank you for this statement. you have a point, fasteddie777.
thank you. you are right. how can you see if it is a paid infomercial?
Is a market cap of 61 million USD fair?
what can you sell at 1 buck? XXIS stock?
How was Robert Dillon's news interview on Sunday?
Is YAHOO a buy now? Since Microsoft backed out, will maybe Google buy them?
Will Google buy Yahoo now? Since Microsoft took its offer back, will Google jump in the battle for Yahoo?
Press Release Source: One Voice Technologies, Inc.
One Voice Technologies Issues Corporate Update
Thursday April 17, 9:35 am ET
LA JOLLA, Calif.--(BUSINESS WIRE)--One Voice Technologies, Inc. (OTCBB:ONEV - News) Chairman and CEO Dean Weber, today issued the following corporate update:
“We are pleased to provide our shareholders with the following corporate update:
For the year ending December 31, 2007, net revenues totaled $702,430, up 2% from net revenues of $690,540 for the prior year ending December 31, 2006. In addition, during 2007 One Voice successfully launched our MobileVoice™ service in Mexico with Teléfonos de México S.A. de C.V. (TELMEX) under the TELMEX brand Iris (see http://www.yosoyiris.com), we signed an agreement to launch MobileVoice in India with the government owned phone company Mahangar Telephone Nigam Ltd. (MTNL), signed a Teaming Agreement with Motorola to work together on voice based applications, signed a Memorandum of Understanding with Intel Corporation to work together on voice based applications for Mobile Internet Devices (MIDs). Recently, One Voice has demonstrated voice control of Intel-based Mobile Internet Devices in the Intel booths at the 2008 Consumer Electronics Show (CES) in Las Vegas, Mobile World Congress in Barcelona, Spain and Intel Developer Forum (IDF) in Shanghai, China.
Our goals for 2008 include a national launch of Iris throughout Mexico with TELMEX, a national launch of MobileVoice throughout India with MTNL, the voice interface for upcoming MID device launches with OEM’s to be announced, and increasing our retail channels for our products including Media Center Communicator™, VoiceTunes™ and Say2Play™ (see http://www.onev.com/products for retail product information). 2008 will be a year of significant growth and tremendous success for our company as our products and technology become available worldwide.”
About One Voice Technologies, Inc.
One Voice Technologies, Inc. (OTCBB: ONEV - News) is the world’s first developer of 4th Generation voice solutions for the Telecom and Interactive Multimedia markets. Our Intelligent Voice™ solutions employ revolutionary, patented technology that allows people to send messages (E-mail, SMS, Instant Messaging and paging), purchase products, get information and control devices - all by using their voice. The company is headquartered in La Jolla, California. For more information, please visit http://www.onev.com.
FORWARD-LOOKING STATEMENT DISCLAIMER
Some of the statements made in this press release discuss future events and developments, including our future business strategy and our ability to generate revenue, income and cash flow, and should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These “forward-looking” statements can generally be identified by words such as “expect,” “anticipate,” “believe,” “estimate,” “intend,” “plan,” and similar expressions. These statements involve a high degree of risk and uncertainty that exists in the Company’s operations and business environment and are subject to change based on various factors that could cause actual Company results, performance, plans, goals and objectives to differ materially from those contemplated or implied in these forward-looking statements. Actual results may be different from anticipated results for a number of reasons, including the Company’s new and uncertain business model, uncertainty regarding acceptance of the Company’s products and services and the Company’s limited operating history.
MobileVoice, Media Center Communicator, VoiceTunes and Say2Play are trademarks of One Voice Technologies, Inc. All other products and company names herein may be trademarks of their registered owners.
Contact:
The Cervelle Group
Investor Relations:
Rob Karbowsky, 407-475-9966
Fax: 407-475-9859
rob@thecervellegroup.com
I think it will take much longer. project financings until production usually take about 1 year...
Are you always trading with penny stocks? 250% performance with how much money? 500 dollars? I guess there is not much more liquidity in the pink sheets....
thank you. how long have you been invested in this stock? you seem to know the company extremely well.
hey - I don't like people who spy around. I just joined this board about 10 days ago and I am searching for some good investments - that's why I posted all these questions. Is asking not allowed in this board?
that is awesome. 15% is quite a race. is it padi monthly or quarterly? thanks
thank you for this detailed info. have you ever met the management of CKNN?
why do you buy more and more of this? is something BIG going to happen with GSC soon?
I think the automaker industry is not the same as the airline industry, because asian automakers cannot deliver the quality asked for in North America..but with airlines...that is a real problem...I think the most profitable ones globally are Singapore Airlines, German Lufthansa etc. the ones who have rich passengers for Business class...
4 cent stock! this is a hot gamble!
yes, i think United Airlines started with that, right? But I think the rise in jet fuel will lead to a concentration in the sector. many airlines ill go out of business or merge/be acquired...
will they survive?
have we reached the bottom yet?
no trading volume, pink sheets...why are you still discussing this stock?
thank you for this honest answer. cheap airlines will always faces issues related to rising fuel prices. they cannot hedge their fuel prices forward forever...
Tata Motors is not so well known in the US yet. The problem for such companies will be: Can they complete quality standards so that they can enter the North American markets?
Is Google abusing its almost "monopoly position" in the Internet?
the chart does not look like it...
@bsandy: please discuss seriously with me...I don't like these kinds of jokes..
thats true. but news are not enough, the fundamentals have to follow..
give me some more detailed facts please. what would be the amount of such a financing? when will they start producing?
what is the date of publication for the next income statement?
I remember this one from the tech bubble in 2000...they survived!
do you think today the stock will jump?
will they be out of business soon?
Production start in fall 2010?
is this realistic? what could be the obstacles?
what is the cash flow impact of this release?