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Toad, Post them on the board. I get my info from the
SportBookCafe team and post them here.. Their daily juice pick.
Welcome aboard TOAD..Sport bettors and Handicappers need to stick together to make money..bounce stuff off each other. Heck can make more money betting than in the stock market these days.
Toad, need some help? Have a board that will give you some winners.
Anyone own FCNTX, fidelty Contra Fund..?
GM Dave, SportBookCafe Team gave you guys a winner last night with Pitt/Cinnci going over 34..YTD 1-0-1
SportBookCafe ytd record 1-0-1.
Pitt/Cincinnati Over 34 a Winner. SportBookCafe YTD record is 1-0-1
Stayed tuned for the teams Daily Juice Pick.
For you bettors/handicappers out there-->November 20, 2008 is: Pittsburgh/Cincinnati OVER 34
The Pittsburgh Steelers and the Cincinnati Bengals go back to work tonight at Heinz Field after a short practice week. The Steelers have owned the Bengals over the last couple of years going 5-1 straight up against the number. However, the strongest trend here is that 5 of the last 7 games have gone Over the total at Heinz Field, coupled with the fact that the Total has gone over 5 out of the last 6 times when Pittsburgh plays Cincinnati at Home. Finally, we feel Pittsburgh strong defensive against the inexperienced quarterback should by itself put up some points to help the total go Over 34.
The SportBookCafe has rated this a Strong Play (9 out of 10*)on Over 34 for the Pittsburgh/Cincinnati Matchup
November 20, 2008 is: Pittsburgh/Cincinnati OVER 34-->
SportBookCafe Daily Juice Pick
The Pittsburgh Steelers and the Cincinnati Bengals go back to work tonight at Heinz Field after a short practice week. The Steelers have owned the Bengals over the last couple of years going 5-1 straight up against the number. However, the strongest trend here is that 5 of the last 7 games have gone Over the total at Heinz Field, coupled with the fact that the Total has gone over 5 out of the last 6 times when Pittsburgh plays Cincinnati at Home. Finally, we feel Pittsburgh strong defensive against the inexperienced quarterback should by itself put up some points to help the total go Over 34.
The SportBookCafe has rated this a Strong Play (9 out of 10*)on Over 34 for the Pittsburgh/Cincinnati Matchup
Great board.. Look forward to posting about sports and my picks.
Anybody have an leans tonight on Pitt/Cinnci?
Welcome to The Sport Book Cafe..Feel free to discuss sports handicapping and betting, best bets, betting trends, poker, texas holdem, and other casino games. Let's make some money investing on wise bets by our members. Tell a friend and join us today.
Why are all TTGL VP's acquiring this?
click on the news quote right on the ivii board.
huge news out!!!!
IVII- RADAR IT FOLKS-$$1.00'S SOON
SOMEONE JUST BOUGHT 5,500 AT THE ASK.. SOMETHING IS UP!
I would think at least the communication div, but maybe the whole company. The need to get off the pinks if they want to attract investors... IVII is a clean shell that is reporting.. TTGL is a dirty pink that they cannot use.
TTGL news.That will ulitimately affect this stock very soon.
THat last post is all you need to know. MERGER/AQUISITION.
-->closing of the acquisition by way of purchase or merger of an operating business by the Company from Titan or an affiliate of Titan (the “Acquisition”);
On March 27, 2006, IVI Communications, Inc. (the “Company”), entered into a Securities Purchase Agreement pursuant to which the Company issued convertible debentures in the aggregate principal amount of $600,000 (the “Convertible Debentures”) to YA Global Investments, L.P. (formerly Cornell Capital Partners, LP, “YA Global”). On September 29, 2008, the Company, YA Global and Titan Global Holdings, Inc., holder of the Company’s outstanding preferred stock (“Titan”), entered into an agreement, pursuant to which YA agreed that at any time on or prior to December 20, 2008, the Company, Titan or any of their affiliates can repay the entire debt outstanding under the Convertible Debentures for the payment of 97.5% of the outstanding principal amount of the Convertible Debentures. Upon a pay-off, any existing penalties or other fees will be waived in their entirety. The prepayment right is conditioned upon:
a.
closing of the acquisition by way of purchase or merger of an operating business by the Company from Titan or an affiliate of Titan (the “Acquisition”);
b.
filing of a “Super 8-K” for the Company post-Acquisition, with the Securities and Exchange Commission (the “8-K Filing”); and
c.
execution by IVI, or the successor post-Acquisition entity of an amendment to the Convertible Debentures, providing that remaining principal thereon shall be convertible into 2.5% of the outstanding shares of the merged entity (based on the number of shares outstanding as of the effective date of approval by the SEC of the 8-K Filing.
SOMEONE IS GOBBLING UP SHARES DAILY...TTGL is my bet!
Masontrend, get some of you buds here. THis will explode with any kind of volume.. There is alot going on here.
learner it was at .17 initially. It seems someone is gobbling up every share that they can and with the wide spread they are discouraging any kind of run, selloff, or accumulation.
someone sells at .03..then a buys above the ask!!! why
TTGL YOU BETTER DO SOMETHING QUICK TO SAVE BOTH IVII AN THIS POS.
Who keeps buying at the ASK? This has been happening since the RS and symbol change.
ANSWER THIS: WHY IS WHEN SOMEONE SELLS, SHARES ARE BOUGHT AT THE ASK VERY QUICKLY...
PAPADAVID--> IVII. vERY lightly traded, but it will change.
MERGER--->Form 8-K for IVI COMMUNICATIONS INC
7-Oct-2008
Entry into a Material Definitive Agreement, Financial Statements and Exhib
Item 1.01 Entry into a Material Definitive Agreement
On March 27, 2006, IVI Communications, Inc. (the "Company"), entered into a Securities Purchase Agreement pursuant to which the Company issued convertible debentures in the aggregate principal amount of $600,000 (the "Convertible Debentures") to YA Global Investments, L.P. (formerly Cornell Capital Partners, LP, "YA Global"). On September 29, 2008, the Company, YA Global and Titan Global Holdings, Inc., holder of the Company's outstanding preferred stock ("Titan"), entered into an agreement, pursuant to which YA agreed that at any time on or prior to December 20, 2008, the Company, Titan or any of their affiliates can repay the entire debt outstanding under the Convertible Debentures for the payment of 97.5% of the outstanding principal amount of the Convertible Debentures. Upon a pay-off, any existing penalties or other fees will be waived in their entirety. The prepayment right is conditioned upon:
a. closing of the acquisition by way of purchase or merger of an operating business by the Company from Titan or an affiliate of Titan (the "Acquisition");
b. filing of a "Super 8-K" for the Company post-Acquisition, with the Securities and Exchange Commission (the "8-K Filing"); and
c. execution by IVI, or the successor post-Acquisition entity of an amendment to the Convertible Debentures, providing that remaining principal thereon shall be convertible into 2.5% of the outstanding shares of the merged entity (based on the number of shares outstanding as of the effective date of approval by the SEC of the 8-K Filing.
Item 9.01 Financial Statements and Exhibits
Exhibit
Number Description
10.1 Agreement by and Among IVI Communications, Inc.,
YA Global Investments, L.P. and Titan Global
Holdings, Inc., dated as of September 29, 2008
8K OUT ON IVII- DEFINITE MERGER WITH TTGL
and...It's definitely a merger with a TTGL business
8k out today in NEWS. TTGL management has to find a way to get volume in here.
NEWS out on IVII- Merger hint
IVI COMMUNICATIONS NEW (U-IVII) - News Release
IVI Communications and Titan Global Announce Agreement with YA Global
2008-10-01 12:03 ET - News Release
Also News Release (U-TTGL) TITAN GLOBAL HLDGS INC
Agreement Paves Course for Strategic Business Combination for IVI by Titan
DALLAS -- (Business Wire)
IVI Communications, Inc. (OTCBB:IVII) and Titan Global Holdings, Inc. (Pink Sheets:TTGL), a diversified holding company, announced today that they completed an agreement (“Agreement”) with YA Global Investments, LP (“YA”).
The Agreement sets forth a timeline and milestones that allows IVII or Titan to pay off YA’s existing IVII debentures at a discounted rate, without payment of any penalties or other charges. IVII and Titan have until December 20, 2008 to retire the then outstanding principal and interest of YA convertible debentures CCP-1 dated March 27, 2006 and Debenture CCP-2 dated April 17, 2006 by the payment of 97.5% of the face amount due, provided IVII completes a merger or acquisition.
In addition to an 8k detailing the transaction being filed with the SEC, IVII is required to grant YA 2.5% of the outstanding shares of the merged or reorganized entity, based on the shares outstanding as of the effective date of such an event.
In June, 2008, IVII announced that Titan acquired all of its outstanding Series A and B Preferred stock from the former holders. The preferred stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Members of Titan management were appointed to IVII's Board, including David Marks, Titan's Chairman, and Bryan Chance, Titan's President and Chief Executive Officer. Kurt Jensen was appointed as President of IVII. As well, Mr. Jensen serves as President and Chief Executive Officer of Titan's Communications Division.
Last month IVII completed a 400 for 1 reverse stock split.
"We are pleased to come to this agreement with YA Global," said Kurt Jensen, President of IVI Communications. "With this agreement in place, we will focus our energy on completing a strategic combination in a complimentary communications business that will benefit both IVI and Titan’s shareholders."
About IVI Communications, Inc.
IVII's historical objective was to be an ex-urban provider of highly focused broadband services for businesses, schools, libraries and residential consumers. Its products included high-speed broadband access that is comparable to DSL and cable-based broadband products and offerings that scale from 128 kbps (residential opportunities) to 155 Mbps (OC3 equivalent) for customers with very large bandwidth needs. In addition to providing high-speed access, it offered a complete suite of telecom products as a full service Internet Service Provider (ISP), and provided toll grade (where applicable) voice over Internet protocol ("VoIP"), and local and long distance services.
About Titan Global Holdings, Inc.
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning consumer products, international telecommunications, and energy resources and distribution.
Titan's primary operating divisions include the following:
Titan's Communications Division addresses a range of high-growth markets in international telecommunications, wireless and mobile segments. These units are focused on prepaid international telecommunication products.
Titan’s Global Energy Division aggregates traditional and next-generation energy and fuel distribution assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
For more information, please visit our website: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contacts:
Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com
IVII NEWS --NEWS
IVI COMMUNICATIONS NEW (U-IVII) - News Release
IVI Communications and Titan Global Announce Agreement with YA Global
2008-10-01 12:03 ET - News Release
Also News Release (U-TTGL) TITAN GLOBAL HLDGS INC
Agreement Paves Course for Strategic Business Combination for IVI by Titan
DALLAS -- (Business Wire)
IVI Communications, Inc. (OTCBB:IVII) and Titan Global Holdings, Inc. (Pink Sheets:TTGL), a diversified holding company, announced today that they completed an agreement (“Agreement”) with YA Global Investments, LP (“YA”).
The Agreement sets forth a timeline and milestones that allows IVII or Titan to pay off YA’s existing IVII debentures at a discounted rate, without payment of any penalties or other charges. IVII and Titan have until December 20, 2008 to retire the then outstanding principal and interest of YA convertible debentures CCP-1 dated March 27, 2006 and Debenture CCP-2 dated April 17, 2006 by the payment of 97.5% of the face amount due, provided IVII completes a merger or acquisition.
In addition to an 8k detailing the transaction being filed with the SEC, IVII is required to grant YA 2.5% of the outstanding shares of the merged or reorganized entity, based on the shares outstanding as of the effective date of such an event.
In June, 2008, IVII announced that Titan acquired all of its outstanding Series A and B Preferred stock from the former holders. The preferred stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Members of Titan management were appointed to IVII's Board, including David Marks, Titan's Chairman, and Bryan Chance, Titan's President and Chief Executive Officer. Kurt Jensen was appointed as President of IVII. As well, Mr. Jensen serves as President and Chief Executive Officer of Titan's Communications Division.
Last month IVII completed a 400 for 1 reverse stock split.
"We are pleased to come to this agreement with YA Global," said Kurt Jensen, President of IVI Communications. "With this agreement in place, we will focus our energy on completing a strategic combination in a complimentary communications business that will benefit both IVI and Titan’s shareholders."
About IVI Communications, Inc.
IVII's historical objective was to be an ex-urban provider of highly focused broadband services for businesses, schools, libraries and residential consumers. Its products included high-speed broadband access that is comparable to DSL and cable-based broadband products and offerings that scale from 128 kbps (residential opportunities) to 155 Mbps (OC3 equivalent) for customers with very large bandwidth needs. In addition to providing high-speed access, it offered a complete suite of telecom products as a full service Internet Service Provider (ISP), and provided toll grade (where applicable) voice over Internet protocol ("VoIP"), and local and long distance services.
About Titan Global Holdings, Inc.
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning consumer products, international telecommunications, and energy resources and distribution.
Titan's primary operating divisions include the following:
Titan's Communications Division addresses a range of high-growth markets in international telecommunications, wireless and mobile segments. These units are focused on prepaid international telecommunication products.
Titan’s Global Energy Division aggregates traditional and next-generation energy and fuel distribution assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
For more information, please visit our website: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contacts:
Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com
IVII NEWS LATE YESTERDAY - MERGER--NEWS
IVI COMMUNICATIONS NEW (U-IVII) - News Release
IVI Communications and Titan Global Announce Agreement with YA Global
2008-10-01 12:03 ET - News Release
Also News Release (U-TTGL) TITAN GLOBAL HLDGS INC
Agreement Paves Course for Strategic Business Combination for IVI by Titan
DALLAS -- (Business Wire)
IVI Communications, Inc. (OTCBB:IVII) and Titan Global Holdings, Inc. (Pink Sheets:TTGL), a diversified holding company, announced today that they completed an agreement (“Agreement”) with YA Global Investments, LP (“YA”).
The Agreement sets forth a timeline and milestones that allows IVII or Titan to pay off YA’s existing IVII debentures at a discounted rate, without payment of any penalties or other charges. IVII and Titan have until December 20, 2008 to retire the then outstanding principal and interest of YA convertible debentures CCP-1 dated March 27, 2006 and Debenture CCP-2 dated April 17, 2006 by the payment of 97.5% of the face amount due, provided IVII completes a merger or acquisition.
In addition to an 8k detailing the transaction being filed with the SEC, IVII is required to grant YA 2.5% of the outstanding shares of the merged or reorganized entity, based on the shares outstanding as of the effective date of such an event.
In June, 2008, IVII announced that Titan acquired all of its outstanding Series A and B Preferred stock from the former holders. The preferred stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Members of Titan management were appointed to IVII's Board, including David Marks, Titan's Chairman, and Bryan Chance, Titan's President and Chief Executive Officer. Kurt Jensen was appointed as President of IVII. As well, Mr. Jensen serves as President and Chief Executive Officer of Titan's Communications Division.
Last month IVII completed a 400 for 1 reverse stock split.
"We are pleased to come to this agreement with YA Global," said Kurt Jensen, President of IVI Communications. "With this agreement in place, we will focus our energy on completing a strategic combination in a complimentary communications business that will benefit both IVI and Titan’s shareholders."
About IVI Communications, Inc.
IVII's historical objective was to be an ex-urban provider of highly focused broadband services for businesses, schools, libraries and residential consumers. Its products included high-speed broadband access that is comparable to DSL and cable-based broadband products and offerings that scale from 128 kbps (residential opportunities) to 155 Mbps (OC3 equivalent) for customers with very large bandwidth needs. In addition to providing high-speed access, it offered a complete suite of telecom products as a full service Internet Service Provider (ISP), and provided toll grade (where applicable) voice over Internet protocol ("VoIP"), and local and long distance services.
About Titan Global Holdings, Inc.
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning consumer products, international telecommunications, and energy resources and distribution.
Titan's primary operating divisions include the following:
Titan's Communications Division addresses a range of high-growth markets in international telecommunications, wireless and mobile segments. These units are focused on prepaid international telecommunication products.
Titan’s Global Energy Division aggregates traditional and next-generation energy and fuel distribution assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
For more information, please visit our website: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contacts:
Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com
IVII NEWS- MERGER NEWS---->
IVI COMMUNICATIONS NEW (U-IVII) - News Release
IVI Communications and Titan Global Announce Agreement with YA Global
2008-10-01 12:03 ET - News Release
Also News Release (U-TTGL) TITAN GLOBAL HLDGS INC
Agreement Paves Course for Strategic Business Combination for IVI by Titan
DALLAS -- (Business Wire)
IVI Communications, Inc. (OTCBB:IVII) and Titan Global Holdings, Inc. (Pink Sheets:TTGL), a diversified holding company, announced today that they completed an agreement (“Agreement”) with YA Global Investments, LP (“YA”).
The Agreement sets forth a timeline and milestones that allows IVII or Titan to pay off YA’s existing IVII debentures at a discounted rate, without payment of any penalties or other charges. IVII and Titan have until December 20, 2008 to retire the then outstanding principal and interest of YA convertible debentures CCP-1 dated March 27, 2006 and Debenture CCP-2 dated April 17, 2006 by the payment of 97.5% of the face amount due, provided IVII completes a merger or acquisition.
In addition to an 8k detailing the transaction being filed with the SEC, IVII is required to grant YA 2.5% of the outstanding shares of the merged or reorganized entity, based on the shares outstanding as of the effective date of such an event.
In June, 2008, IVII announced that Titan acquired all of its outstanding Series A and B Preferred stock from the former holders. The preferred stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Members of Titan management were appointed to IVII's Board, including David Marks, Titan's Chairman, and Bryan Chance, Titan's President and Chief Executive Officer. Kurt Jensen was appointed as President of IVII. As well, Mr. Jensen serves as President and Chief Executive Officer of Titan's Communications Division.
Last month IVII completed a 400 for 1 reverse stock split.
"We are pleased to come to this agreement with YA Global," said Kurt Jensen, President of IVI Communications. "With this agreement in place, we will focus our energy on completing a strategic combination in a complimentary communications business that will benefit both IVI and Titan’s shareholders."
About IVI Communications, Inc.
IVII's historical objective was to be an ex-urban provider of highly focused broadband services for businesses, schools, libraries and residential consumers. Its products included high-speed broadband access that is comparable to DSL and cable-based broadband products and offerings that scale from 128 kbps (residential opportunities) to 155 Mbps (OC3 equivalent) for customers with very large bandwidth needs. In addition to providing high-speed access, it offered a complete suite of telecom products as a full service Internet Service Provider (ISP), and provided toll grade (where applicable) voice over Internet protocol ("VoIP"), and local and long distance services.
About Titan Global Holdings, Inc.
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning consumer products, international telecommunications, and energy resources and distribution.
Titan's primary operating divisions include the following:
Titan's Communications Division addresses a range of high-growth markets in international telecommunications, wireless and mobile segments. These units are focused on prepaid international telecommunication products.
Titan’s Global Energy Division aggregates traditional and next-generation energy and fuel distribution assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
For more information, please visit our website: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contacts:
Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com
IVII NEWS ITS A MERGER--NEWS
IVI COMMUNICATIONS NEW (U-IVII) - News Release
IVI Communications and Titan Global Announce Agreement with YA Global
Also News Release (U-TTGL) TITAN GLOBAL HLDGS INC
Agreement Paves Course for Strategic Business Combination for IVI by Titan
DALLAS -- (Business Wire)
IVI Communications, Inc. (OTCBB:IVII) and Titan Global Holdings, Inc. (Pink Sheets:TTGL), a diversified holding company, announced today that they completed an agreement (“Agreement”) with YA Global Investments, LP (“YA”).
The Agreement sets forth a timeline and milestones that allows IVII or Titan to pay off YA’s existing IVII debentures at a discounted rate, without payment of any penalties or other charges. IVII and Titan have until December 20, 2008 to retire the then outstanding principal and interest of YA convertible debentures CCP-1 dated March 27, 2006 and Debenture CCP-2 dated April 17, 2006 by the payment of 97.5% of the face amount due, provided IVII completes a merger or acquisition.
In addition to an 8k detailing the transaction being filed with the SEC, IVII is required to grant YA 2.5% of the outstanding shares of the merged or reorganized entity, based on the shares outstanding as of the effective date of such an event.
In June, 2008, IVII announced that Titan acquired all of its outstanding Series A and B Preferred stock from the former holders. The preferred stock includes the right to vote a majority of IVI's shares for any action to be taken by shareholders. Members of Titan management were appointed to IVII's Board, including David Marks, Titan's Chairman, and Bryan Chance, Titan's President and Chief Executive Officer. Kurt Jensen was appointed as President of IVII. As well, Mr. Jensen serves as President and Chief Executive Officer of Titan's Communications Division.
Last month IVII completed a 400 for 1 reverse stock split.
"We are pleased to come to this agreement with YA Global," said Kurt Jensen, President of IVI Communications. "With this agreement in place, we will focus our energy on completing a strategic combination in a complimentary communications business that will benefit both IVI and Titan’s shareholders."
About IVI Communications, Inc.
IVII's historical objective was to be an ex-urban provider of highly focused broadband services for businesses, schools, libraries and residential consumers. Its products included high-speed broadband access that is comparable to DSL and cable-based broadband products and offerings that scale from 128 kbps (residential opportunities) to 155 Mbps (OC3 equivalent) for customers with very large bandwidth needs. In addition to providing high-speed access, it offered a complete suite of telecom products as a full service Internet Service Provider (ISP), and provided toll grade (where applicable) voice over Internet protocol ("VoIP"), and local and long distance services.
About Titan Global Holdings, Inc.
Titan Global Holdings is a diversified holding company with a dynamic portfolio of subsidiaries spanning consumer products, international telecommunications, and energy resources and distribution.
Titan's primary operating divisions include the following:
Titan's Communications Division addresses a range of high-growth markets in international telecommunications, wireless and mobile segments. These units are focused on prepaid international telecommunication products.
Titan’s Global Energy Division aggregates traditional and next-generation energy and fuel distribution assets that can provide significant opportunities for growth in one of the world's largest and most critical markets.
For more information, please visit our website: www.titanglobalholdings.com.
For investor-specific information and resources, visit http://www.b2i.us/irpass.asp?BzID=1314&to=ea&s=0.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of TTGL could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
Contacts:
Titan Global Holdings, Inc.
Bryan Chance, 972-421-3051
bchance@titanglobalholdings.com
CHECK THE NEWS OUT TODAY. THEY HINTED ON IT.