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you would be a fool to trust this stock...
This is what happens when your sole source of funding is selling stock.
not as long as they have the blank chk to issue shares.
I dumped 30000 shrs yesterday .04 glad I did
If they SEC doesn't stop them it wouldn't surprise me if they did another r/s in the coming days...
Worth .0012 pps prior to last r/s in april
Worthington Updates Valuation of the Barr Lease
SAN FRANCISCO, CA--(Marketwired - May 15, 2014) - Worthington Energy, Inc. (OTCQB: WGAS) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, takes this opportunity to further expound on the recent acquisition of the oil and gas assets and heavy and medium gravity oil technology and intellectual property from American Dynamic Resources, Inc. ("ADR") and ADR's President and CEO, Mr. Charles Adams.
Worthington Energy, Inc. Chairman and CEO, Charles F. Volk, stated, "There is tremendous unrecognized value that is not reflected in our current share price in the stock market. Our reserve report shows over 500,000 barrels of oil on the Barr Lease alone. Current sales for proven reserves, as per the Oil & Gas Journal, average $10 per barrel, which values these reserves at $5,000,000."
Mr. Volk continued, "The Barr lease has been ADR's EOR (enhanced oil recovery) technology testing and proving ground. The lease has facilities on site and 35 barrels in the tank. The property has infrastructure that is 80 percent complete, and has produced 14,779 barrels of oil to date. In 2013 ADR produced 193 barrels of oil testing their EOR technologies."
"Worthington was extremely fortunate to be able to acquire the assets of ADR after prior investment groups, which had been working with Mr. Adams to develop his EOR technology, funded what ultimately resulted in the proven, proprietary, patent pending technology Worthington now owns," explained Mr. Volk. "Worthington now has the properties and the technological ability to grow significantly with relatively low economic and geological risk."
Worthington acquired multiple leases totaling 3,527 acres in Southeast Kansas, which combined, contain 140 oil wells and 17 gas wells, including documented reserves of 1,163,618 barrels of oil and 9.8 billion cubic feet of gas. Worthington also acquired ADR's pending patents on Intellectual Properties for Enhanced Oil Recovery, including Air Lift, Thermal Enhancement and Reservoir Management. These technologies were developed specifically for the heavy and medium gravity oil deposits contained in the Southeast Kansas leases acquired.
"We have an aggressive growth strategy planned and we believe that any investors that are here with us now will benefit from Worthington's development plans and increasing valuations in the market," stated Worthington Energy President and COO, Mr. Charlie Adams.
About Worthington
Worthington engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, and develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in San Francisco, CA.
Safe Harbor
Certain statements in this press release regarding strategic plans, expectations and objectives for future operations or results are "forward-looking statements" as defined by the Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements, including the risks discussed in the Company's annual report on Form 10-K and the Company's other filings with the Securities and Exchange Commission. Factors that could cause differences include, but are not limited to, history of losses; speculative nature of oil and natural gas exploration, substantial capital requirements and ability to access additional capital; ability to meet the drilling schedule; changes in tax regulations applicable to the oil and natural gas industry; results of acquisitions; relationships with partners and service providers; ability to acquire additional leasehold interests or other oil and natural gas properties; defects in title to the Company's oil and natural gas interests; ability to manage growth in the Company's business; ability to control properties that the Company does not operate; lack of diversification; competition in the oil and natural gas industry; global financial conditions; oil and natural gas realized prices; ability to market and distribute oil and natural gas produced; seasonal weather conditions; government regulation of the oil and natural gas industry, including potential regulations affecting hydraulic fracturing and environmental regulations such as climate change regulations; uninsured or underinsured risks; and material weakness in internal accounting controls. The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.
Contact
Surety Financial Group, LLC
410-833-0078
(MORE TO FOLLOW) Dow Jones Newswires
May 15, 2014 11:45 ET (15:45 GMT)
Worthington Updates Valuation of the Barr Lease
SAN FRANCISCO, CA--(Marketwired - May 15, 2014) - Worthington Energy, Inc. (OTCQB: WGAS) ("Worthington" or the "Company"), an energy company engaged in the acquisition, exploration, development and drilling of oil and natural gas properties, takes this opportunity to further expound on the recent acquisition of the oil and gas assets and heavy and medium gravity oil technology and intellectual property from American Dynamic Resources, Inc. ("ADR") and ADR's President and CEO, Mr. Charles Adams.
Worthington Energy, Inc. Chairman and CEO, Charles F. Volk, stated, "There is tremendous unrecognized value that is not reflected in our current share price in the stock market. Our reserve report shows over 500,000 barrels of oil on the Barr Lease alone. Current sales for proven reserves, as per the Oil & Gas Journal, average $10 per barrel, which values these reserves at $5,000,000."
Mr. Volk continued, "The Barr lease has been ADR's EOR (enhanced oil recovery) technology testing and proving ground. The lease has facilities on site and 35 barrels in the tank. The property has infrastructure that is 80 percent complete, and has produced 14,779 barrels of oil to date. In 2013 ADR produced 193 barrels of oil testing their EOR technologies."
"Worthington was extremely fortunate to be able to acquire the assets of ADR after prior investment groups, which had been working with Mr. Adams to develop his EOR technology, funded what ultimately resulted in the proven, proprietary, patent pending technology Worthington now owns," explained Mr. Volk. "Worthington now has the properties and the technological ability to grow significantly with relatively low economic and geological risk."
Worthington acquired multiple leases totaling 3,527 acres in Southeast Kansas, which combined, contain 140 oil wells and 17 gas wells, including documented reserves of 1,163,618 barrels of oil and 9.8 billion cubic feet of gas. Worthington also acquired ADR's pending patents on Intellectual Properties for Enhanced Oil Recovery, including Air Lift, Thermal Enhancement and Reservoir Management. These technologies were developed specifically for the heavy and medium gravity oil deposits contained in the Southeast Kansas leases acquired.
"We have an aggressive growth strategy planned and we believe that any investors that are here with us now will benefit from Worthington's development plans and increasing valuations in the market," stated Worthington Energy President and COO, Mr. Charlie Adams.
About Worthington
Worthington engages in the acquisition, exploration, development and drilling of oil and natural gas properties. Worthington is an energy turnaround company whose strategy is to acquire cash flow producing properties with proved and probable reserves, and develop the fields by reworking existing wells and drilling new wells. Worthington was founded in 2004 and is based in San Francisco, CA.
Safe Harbor
Certain statements in this press release regarding strategic plans, expectations and objectives for future operations or results are "forward-looking statements" as defined by the Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results to differ materially from the results contemplated by the forward-looking statements, including the risks discussed in the Company's annual report on Form 10-K and the Company's other filings with the Securities and Exchange Commission. Factors that could cause differences include, but are not limited to, history of losses; speculative nature of oil and natural gas exploration, substantial capital requirements and ability to access additional capital; ability to meet the drilling schedule; changes in tax regulations applicable to the oil and natural gas industry; results of acquisitions; relationships with partners and service providers; ability to acquire additional leasehold interests or other oil and natural gas properties; defects in title to the Company's oil and natural gas interests; ability to manage growth in the Company's business; ability to control properties that the Company does not operate; lack of diversification; competition in the oil and natural gas industry; global financial conditions; oil and natural gas realized prices; ability to market and distribute oil and natural gas produced; seasonal weather conditions; government regulation of the oil and natural gas industry, including potential regulations affecting hydraulic fracturing and environmental regulations such as climate change regulations; uninsured or underinsured risks; and material weakness in internal accounting controls. The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not undertake any obligation to update the forward-looking statements as a result of new information, future events or otherwise.
Contact
Surety Financial Group, LLC
410-833-0078
(MORE TO FOLLOW) Dow Jones Newswires
May 15, 2014 11:45 ET (15:45 GMT)
WGAS!!! bottoms up!!
I'm hearing news is hitting this week on another board, is there any confirmation?
BMSN huge news JO - Smokin
in .0003 / out .0021 anyone know why this is going up....
WGAS starting upward trend
LWCTF NEWS! BOOK 1.88 / pps .046 - Several addl contract announced!
CRAZY low FLT! 1mill buy pressure send this to a multi bagger!
1.88 book value - this is a steal....
1.88 book value - LCTI Low Carbon Technologies International Inc. Subsidiary Awarded $1.8 Million Contract
Last update: 02/04/2014 3:21:59 pm
LCTI Low Carbon Technologies International Inc. Subsidiary Awarded $1.8 Million Contract
Announces Six New Contracts Secured by Subsidiaries
VANCOUVER, BC--(Marketwired - April 02, 2014) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF) (the "Company"), a diversified company focused on the clean-tech, construction, energy & energy efficiency, environmental, mining and real estate business sectors, today announced that their wholly owned subsidiary, Teposolar Technologies Corp., secured a $1.8 million energy efficiency contract for the Industrial Safety Training Center located in Beaumont, TX.
LCTI's other subsidiaries recently secured the following new contracts:
Beaumont ISD -- $404k
Lamar University -- $87k
Westlake Polymers -- $99k
EI Dupont -- $125k
Davenport Office Facility -- $3.2mm
Spindletop Center -- $55k
Bryan Scott Jarnagin, CEO of LCTI, stated, "We are pleased with the performance of our energy efficiency division. The company recently promoted Gerardo Hubard, former head of our energy efficiency division, and Brad Christ to Vice Presidents and they are doing a fantastic job of growing this segment of our business. Moreover, we recently completed our 1st quarter financial statements and based on our current share count of 139 million shares outstanding, we recorded an increase in book value from over $1.35 per share to over $1.88 per share. We believe this substantial increase in book value is representative of the value we continue to build for shareholders."
About LCTI Low Carbon Technologies International Inc.
LCTI Low Carbon Technologies International Inc. is a diversified clean-tech holding company. LCTI acquires profitable operating businesses, and clean-tech technologies. LCTI utilizes its clean-tech technologies in the development of clean-tech projects. LCTI combines the clean-tech technology with each profitable operating businesses. LCTI also issues technology sub-licenses and in return receives equity in projects and/or the companies who are issued the clean-tech technology license. For more information please visit our website www.lctiinc.com.
Safe Harbor
This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. You can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. Other factors may cause the Company or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Investor Relations:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Telephone: (212) 671-1020 x304
Email: lcti@crescendo-ir.com
(MORE TO FOLLOW) Dow Jones Newswires
April 02, 2014 15:21 ET (19:21 GMT)
Read this entire P/R HUGE 1.88 book value
LCTI Low Carbon Technologies International Inc. Subsidiary Awarded $1.8 Million Contract
Last update: 02/04/2014 3:21:59 pm
LCTI Low Carbon Technologies International Inc. Subsidiary Awarded $1.8 Million Contract
Announces Six New Contracts Secured by Subsidiaries
VANCOUVER, BC--(Marketwired - April 02, 2014) - LCTI Low Carbon Technologies International, Inc. (PINKSHEETS: LWCTF) (the "Company"), a diversified company focused on the clean-tech, construction, energy & energy efficiency, environmental, mining and real estate business sectors, today announced that their wholly owned subsidiary, Teposolar Technologies Corp., secured a $1.8 million energy efficiency contract for the Industrial Safety Training Center located in Beaumont, TX.
LCTI's other subsidiaries recently secured the following new contracts:
Beaumont ISD -- $404k
Lamar University -- $87k
Westlake Polymers -- $99k
EI Dupont -- $125k
Davenport Office Facility -- $3.2mm
Spindletop Center -- $55k
Bryan Scott Jarnagin, CEO of LCTI, stated, "We are pleased with the performance of our energy efficiency division. The company recently promoted Gerardo Hubard, former head of our energy efficiency division, and Brad Christ to Vice Presidents and they are doing a fantastic job of growing this segment of our business. Moreover, we recently completed our 1st quarter financial statements and based on our current share count of 139 million shares outstanding, we recorded an increase in book value from over $1.35 per share to over $1.88 per share. We believe this substantial increase in book value is representative of the value we continue to build for shareholders."
About LCTI Low Carbon Technologies International Inc.
LCTI Low Carbon Technologies International Inc. is a diversified clean-tech holding company. LCTI acquires profitable operating businesses, and clean-tech technologies. LCTI utilizes its clean-tech technologies in the development of clean-tech projects. LCTI combines the clean-tech technology with each profitable operating businesses. LCTI also issues technology sub-licenses and in return receives equity in projects and/or the companies who are issued the clean-tech technology license. For more information please visit our website www.lctiinc.com.
Safe Harbor
This news release contains forward-looking statements. These statements fall within the meaning of the Private Securities Litigation Reform Act of 1995 (the "ACT"). Such statements are not historical facts; including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results -- all forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. You can identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions. Other factors may cause the Company or the industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Investor Relations:
David Waldman/Natalya Rudman
Crescendo Communications, LLC
Telephone: (212) 671-1020 x304
Email: lcti@crescendo-ir.com
(MORE TO FOLLOW) Dow Jones Newswires
April 02, 2014 15:21 ET (19:21 GMT)
WGAS NEWS! HOT
Does this mean all subs will get delisted?
http://t3motion.com/ ultra small flt - fantastic product! Seems they release most of there news on the site...
TTTM http://t3motion.com/ ultra small flt - fantastic product! Take a close look at there website
TTTM http://t3motion.com/ ultra small flt - fantastic product!
CRGE place on watch - don't try to buy to much at once!
NASV breaking out!
NASV about to break .01 you know what happens then!
(OTCQB: NASV) (NAS) announces the next steps to be taken in the execution of its business plan.
On Feb 24, 2014, NAS announced a milestone event when it closed on its first acquisition, JD Field Services, a provider of oil and gas services in Utah. JD Field Services brings to the Company a 3 year historical average of gross revenues in excess of $24,000,000, in 2013 EBITDA approximately $5,700,000, and net assets valued at approximately $7,500,000.
The Company believes that the market has significantly undervalued the stock considering this milestone event and is exploring options to correct what we believe is a current misalignment of share value. Management is specifically considering increasing market awareness through various traditional means including road shows, hiring IR/PR consultants, and leveraging its investment banking relationship. In addition, the Board is considering the merits of a corporate share re-purchase program as well.
Working with its NYSE member investment banking firm, the Company is planning to move its listing to the AMEX stock exchange this year where it will make a secondary or combination public offering of shares to raise capital for debt retirement and the closing of targeted acquisitions that will complement the Company's products and services. NAS believes a move to the AMEX will open its shares to a broader audience of upscale investors.
The spending boom in the oil-and-gas-exploration and hydro-frac business is on the rise. In 2013, oil companies were expected to spend $644 Billion to find and develop new production fields. This year, they are expected to spend $723 Billion, and the trend is rising and is expected to do so over the next 15 years. The United States became a net exporter of petroleum based products in 2011, the first time this has occurred since 1949.
NAS's play in the Domestic Oil and Gas industry puts the Company in the right place at the right time. Management is dedicated to our shareholders and is focused on our efforts to realizing the underlying intrinsic value of its shares. We look forward to announcing milestone events to this endeavor.
National Automation Services, Inc., headquartered in Nevada, is a public holding Company. Visit www.NASV.biz for further information.
NASV LAS VEGAS, NV--(Marketwired - Mar 17, 2014) - National Automation Services, Inc. (OTCQB: NASV) (NAS) announces the next steps to be taken in the execution of its business plan.
On Feb 24, 2014, NAS announced a milestone event when it closed on its first acquisition, JD Field Services, a provider of oil and gas services in Utah. JD Field Services brings to the Company a 3 year historical average of gross revenues in excess of $24,000,000, in 2013 EBITDA approximately $5,700,000, and net assets valued at approximately $7,500,000.
The Company believes that the market has significantly undervalued the stock considering this milestone event and is exploring options to correct what we believe is a current misalignment of share value. Management is specifically considering increasing market awareness through various traditional means including road shows, hiring IR/PR consultants, and leveraging its investment banking relationship. In addition, the Board is considering the merits of a corporate share re-purchase program as well.
Working with its NYSE member investment banking firm, the Company is planning to move its listing to the AMEX stock exchange this year where it will make a secondary or combination public offering of shares to raise capital for debt retirement and the closing of targeted acquisitions that will complement the Company's products and services. NAS believes a move to the AMEX will open its shares to a broader audience of upscale investors.
The spending boom in the oil-and-gas-exploration and hydro-frac business is on the rise. In 2013, oil companies were expected to spend $644 Billion to find and develop new production fields. This year, they are expected to spend $723 Billion, and the trend is rising and is expected to do so over the next 15 years. The United States became a net exporter of petroleum based products in 2011, the first time this has occurred since 1949.
NAS's play in the Domestic Oil and Gas industry puts the Company in the right place at the right time. Management is dedicated to our shareholders and is focused on our efforts to realizing the underlying intrinsic value of its shares. We look forward to announcing milestone events to this endeavor.
National Automation Services, Inc., headquartered in Nevada, is a public holding Company. Visit www.NASV.biz for further information.
http://www.clenergen.com/ CRGE Micro Flter
Global Green, Inc. Cites Studies Indicating Salmonella Is Possible to Eradicate
Salmonella-Free Status in Poultry May Only Be Possible With the Help of Combined Actions Where Salmogenics Is Likely to Be the Most Important
TALLAHASSEE, FL--(Marketwired - Mar 12, 2014) - Global Green, Inc. (OTCBB: GOGC), a green bio-pharmaceutical company, today announced that management concurs with scientific studies that find that Salmonella is possible to eradicate and is not naturally occurring.
Salmogenics(TM), Global Green's patented Salmonella vaccine for poultry, is injected into the egg, before the chick is hatched, improving the immune system, health and welfare of the chicken by protecting it from Salmonella as it breaks out of the egg's shell, cost-effectively providing a healthier source of protein for humans.
Dr. Mehran Ghazvini, DC, NMD, Chairman and CEO, stated, "Salmogenics injected into laying hens can produce eggs that are less contaminated. As the eggs hatch, new generations of chicken will have less contamination. As we work towards future generations of chickens, we could produce not only Salmonella-free eggs but also salmonella-free chickens. Salmogenics would have an essential role in this process which would necessarily have to include better feeding, probiotics with increased sanitation and a cleaner environment in chicken farms to produce eggs that are less contaminated with Salmonella."
In 2011 WATTAgNet reported "In very approximate terms, we can say that approximately 1.2 trillion eggs have been consumed worldwide in 2011 and that this is equivalent to 173 eggs per person per year." Tests conducted through third parties have found that Salmogenics has been shown to significantly reduce Salmonella in the egg. Ongoing tests will be conducted to determine the efficacy of reducing Salmonella in egg-laying hens. By combining Salmogenics with the preventive measures that the USDA has mandated, management believes that Salmonella could potentially be reduced in the egg industry and that the vaccine's market potential could be expanded significantly.
February's Food Safety News stated that several scientific studies indicated that Salmonella is possible to eradicate and is not naturally occurring.
The article referenced the 1978-1981 study by B.S. Pomeroy at the University of Minnesota that grew Salmonella-free turkeys primarily by selecting Salmonella-free hatchlings, feeding Salmonella-free feed and isolating the flock. "Hatching eggs from a primary breeder over this period (1978-81) resulted in Salmonella-free day-old poults from which 7500 hens and 600 toms were selected for breeders each of the 4 years. Approximately 2.5 million poults were produced over the 4 years."
More recently, in their 2012 paper, Doyle and Erickson reviewed the literature on preharvest interventions for foodborne animal diseases. Their extensive review included: on-farm management and hygienic practices, feed and water treatments, macronutrient diet formulation, antibiotics and growth-enhancing additives, prebiotics, probiotics, synbiotics, bacteriophages, bacteriocins, immunotherapy, vaccines, breeding and multiple interventions.
They concluded that "Effective food safety interventions to reduce or control foodborne pathogens are needed throughout the food continuum, from the farm to the end user... Combinations of interventions may be needed throughout the food continuum to provide continuous reduction in pathogen contamination and ultimately the incidence of foodborne illnesses."
In summary, there is a great body of scientific research on controlling Salmonellae in food animals. There are also examples of successes in controlling certain Salmonella strains that are important to animal welfare and commerce.
About Global Green, Inc.
Global Green, Inc. is a green bio-pharmaceutical company committed to identifying technology platforms and commercializing vaccines that contain natural organisms that are not genetically modified, utilizing pharmaceutical standards without the use of mercury. For more information, visit www.globalgreeninc.com.
Forward-Looking Statement
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties which include, among others, the inherent uncertainties associated with smaller reporting companies including, without limitation, other risks detailed from time to time in the Company's periodic reports filed with the SEC.
Contact:
Pam Lagano
plagano@globalgreeninc.com
727.480.3082
GOGC news just hit!! Micro flt
READ GOGC new just out! Micro flt
CRGE Hydro play micro flt
take a look a AJGH
Over 65 mill unique users should give this stock a great catalyst going forward!
There selection of E Vehicles is impressive, Globally, this company has a substantial future! This is the niche that everyone else is overlooking!
Wow! nice! Tesla here we come.....
Think about FB and look at what PETEF just did!! Buckle up
(MKTW) Primary Petroleum Announces Closing of Reverse Take-Over and Changes Its Name to Keek Inc.
Last update: 06/03/2014 2:38:08 pm
Primary Petroleum Announces Closing of Reverse Take-Over and Changes Its Name to Keek Inc.
CALGARY, ALBERTA--(Marketwired - Mar 6, 2014) - Primary Petroleum Corporation "PIE" (the "Corporation") (TSX VENTURE:PIE)(OTCQX:PETEF) is pleased to report that it closed the change of business and reverse take-over of the Corporation on March 5, 2014, pursuant to an amalgamation agreement (the "Amalgamation Agreement") among the Corporation, its wholly owned subsidiary 2400964 Ontario Limited ("Primary Subco") and Keek Inc. ("Keek"). Pursuant to the Amalgamation Agreement, the Corporation acquired all of the issued and outstanding shares of Keek by way of amalgamation between Primary Subco and Keek. The amalgamated company became a wholly owned subsidiary of the Corporation and the former holders of Keek received one share of the Corporation for each share of Keek held. In addition, the Corporation changed its name to "Keek Inc."
A total of 99.97 % of the votes cast by disinterested shareholders of the Corporation were in favour of the resolution to approve the transaction with Keek and 100% of the votes cast by shareholders of Keek approved the transaction. The new Board of Directors was appointed consisting of John Jussup, Anthony Lacavera, Jan Klein, Gerry Feldman and Mike Marrandino. Management consists of Mike Marrandino as President and CEO, Troy Fraser, COO, Warren Goldberg, CFO, Roger Rai VP Business Development and Ariane Young, Secretary. Additional details regarding Keek's management and Board of Directors can be found in the Filing Statement dated January 29, 2014, relating to the transaction filed on SEDAR at www.sedar.com. In connection with the transaction, the Corporation's financial year-end has also changed from May 31st to February 28(th) and Collins Barrow Toronto LLP was appointed as auditors.
On January 30, 2014, the TSX Venture Exchange (the "TSXV") issued its conditional acceptance for the change of business and reverse take-over and the listing of the combined company on the TSXV as a Tier 1 Issuer. Completion of the transaction was subject to a number of conditions, including, but not limited to the approval of transaction by the disinterested shareholders of the Corporation and the approval of the Amalgamation by the shareholders of Keek.
The completion of the transaction is subject to final acceptance by the TSXV. As a result of completing the transaction, the Corporation will have 342,668,113 common shares issued and outstanding on a non-diluted basis. The shares are expected to commence trading on the TSXV under the ticker symbol "KEK" on or about Monday, March 10, 2014, following issuance by the TSXV of its final exchange bulletin confirming the completion of the transaction and its final approval of the listing.
About Keek
Keek is a global interactive video content network which at a click of a button allows users to distribute its content in real time. A Keek is a short video (up to 36 seconds) and 111 characters of accompanying text that can be enabled thru the web, IOS, Android, Window 8 and BlackBerry 10 mobile platforms. Users can interact on Keek directly with other users through "keekbacks", the platform's unique ability to respond to a keek (short video) with a keek. These interactions can occur in either a public or private view. Private sessions can include up to 35 others.
Since launching its product in 2011, Keek's community has grown to over 65 million registered users across 6 global regions, with no particular geographic area contributing more than 25% to the total user community. The Keek platform is available in up to 36 languages and allows users to link to their other social platforms, including Facebook, Twitter, Tumblr, Instagram, Google+, and Line profiles. Users include celebrities, brands, athletes, journalists, sports teams, and media outlets. Keek's users currently create approximately 60 thousand keeks (i.e. short videos) and approximately two million visits every day.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Think about FB and look at what PETEF just did!! Buckle up
(MKTW) Primary Petroleum Announces Closing of Reverse Take-Over and Changes Its Name to Keek Inc.
Last update: 06/03/2014 2:38:08 pm
Primary Petroleum Announces Closing of Reverse Take-Over and Changes Its Name to Keek Inc.
CALGARY, ALBERTA--(Marketwired - Mar 6, 2014) - Primary Petroleum Corporation "PIE" (the "Corporation") (TSX VENTURE:PIE)(OTCQX:PETEF) is pleased to report that it closed the change of business and reverse take-over of the Corporation on March 5, 2014, pursuant to an amalgamation agreement (the "Amalgamation Agreement") among the Corporation, its wholly owned subsidiary 2400964 Ontario Limited ("Primary Subco") and Keek Inc. ("Keek"). Pursuant to the Amalgamation Agreement, the Corporation acquired all of the issued and outstanding shares of Keek by way of amalgamation between Primary Subco and Keek. The amalgamated company became a wholly owned subsidiary of the Corporation and the former holders of Keek received one share of the Corporation for each share of Keek held. In addition, the Corporation changed its name to "Keek Inc."
A total of 99.97 % of the votes cast by disinterested shareholders of the Corporation were in favour of the resolution to approve the transaction with Keek and 100% of the votes cast by shareholders of Keek approved the transaction. The new Board of Directors was appointed consisting of John Jussup, Anthony Lacavera, Jan Klein, Gerry Feldman and Mike Marrandino. Management consists of Mike Marrandino as President and CEO, Troy Fraser, COO, Warren Goldberg, CFO, Roger Rai VP Business Development and Ariane Young, Secretary. Additional details regarding Keek's management and Board of Directors can be found in the Filing Statement dated January 29, 2014, relating to the transaction filed on SEDAR at www.sedar.com. In connection with the transaction, the Corporation's financial year-end has also changed from May 31st to February 28(th) and Collins Barrow Toronto LLP was appointed as auditors.
On January 30, 2014, the TSX Venture Exchange (the "TSXV") issued its conditional acceptance for the change of business and reverse take-over and the listing of the combined company on the TSXV as a Tier 1 Issuer. Completion of the transaction was subject to a number of conditions, including, but not limited to the approval of transaction by the disinterested shareholders of the Corporation and the approval of the Amalgamation by the shareholders of Keek.
The completion of the transaction is subject to final acceptance by the TSXV. As a result of completing the transaction, the Corporation will have 342,668,113 common shares issued and outstanding on a non-diluted basis. The shares are expected to commence trading on the TSXV under the ticker symbol "KEK" on or about Monday, March 10, 2014, following issuance by the TSXV of its final exchange bulletin confirming the completion of the transaction and its final approval of the listing.
About Keek
Keek is a global interactive video content network which at a click of a button allows users to distribute its content in real time. A Keek is a short video (up to 36 seconds) and 111 characters of accompanying text that can be enabled thru the web, IOS, Android, Window 8 and BlackBerry 10 mobile platforms. Users can interact on Keek directly with other users through "keekbacks", the platform's unique ability to respond to a keek (short video) with a keek. These interactions can occur in either a public or private view. Private sessions can include up to 35 others.
Since launching its product in 2011, Keek's community has grown to over 65 million registered users across 6 global regions, with no particular geographic area contributing more than 25% to the total user community. The Keek platform is available in up to 36 languages and allows users to link to their other social platforms, including Facebook, Twitter, Tumblr, Instagram, Google+, and Line profiles. Users include celebrities, brands, athletes, journalists, sports teams, and media outlets. Keek's users currently create approximately 60 thousand keeks (i.e. short videos) and approximately two million visits every day.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Forward-Looking Statements
This news release contains forward-looking statements relating to the timing and completion of the final approval of the transaction, the future operations of Keek and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding the future plans and objectives of Keek, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Keek's expectations are risks detailed from time to time in the filings made by Keek with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Keek. As a result, Keek cannot guarantee that final acceptance by the TSXV will be granted and that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Keek will update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.
Keek Inc.
Mike Marrandino
President & CEO
(416) 639-5225
mike@keek.com
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March 06, 2014 14:38 ET (19:38 GMT)
COUV anyone have info??