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Grossly OFF TOPIC..........
Regarding some of the horsepucky referenced elsewhere...., you folks might get a giggle out of this little ditty!!
It's a technology that will allow you to eventually fund your brokerage account directly from your PC, using your debit card. I.e.; no bank wires, no overnight mail, no lost or delayed checks, etc. - just ZAP your cash direct to your broker and buy whatever stock you want in about 2 seconds flat.....
http://famulus.msnbc.com/famuluscom/pr-newswire10-24-060156.asp?sym=ECNC
Whether the plan is mine, my compadre's, or somebody else's (..as long as it's a good thing..):
"....I love it when a plan come together...."!!!
Regards,
John
ps: GOooooooooooooooooooooooooooo AREE....!!!!
WasteMasters To Break Ground On First Coal Recovery System -- 11:13 AM EDT
EL RENO, Okla., Oct 20, 2000 (BUSINESS WIRE) -- WasteMasters, Inc. (OTC BB:
WAST). Appalachia Environmental Recovery Inc., a subsidiary of WasteMasters of
Delaware, Inc., a subsidiary of WasteMasters Inc. (WAST.OB) announced the start
of construction of its first coal recovery and environmental reclamation system
at New Lexington, Ohio. Groundbreaking is set for Monday, October 23rd.
CONTACT: The Investor Relations Group, New York
Juan Dominguez or Dian Griesel Ph.D.
212/736-2650
WasteMasters, Inc. Acquires Philadelphia Waste Assets for $4,340,000
Business Wire October 18 2000 12:46AM PT
EL RENO, Okla.--(BUSINESS WIRE)--Oct. 18, 2000--WasteMasters, Inc. (OTC BB: WAST) announced that it completed the acquisition of the Mid-Atlantic waste operations of Global Eco-Logical Services, Inc. (Pink Sheets: GECL). The operations consist of a commercial and industrial collection, recycling and transportation business in Philadelphia, New Jersey and surrounding markets, along with a 141 acre construction and demolition landfill in Eastern Ohio.
The Company purchased the operations from Global in a transaction valued at approximately $4,340,000, consisting of 15 million shares of common stock, valued at $2,250,000 based on the recent market price of $0.15 per share, and the assumption of long-term indebtedness with a principal amount of $2,090,000.
Based on the audited financial information provided by Global, the operations are estimated to generate $2,800,000 in annualized revenues, positive operating earnings, and include approximately $5,000,000 in fixed assets. The landfill was recently re- permitted, having airspace reserves well in excess of 10 million cubic yards. The useful life of the landfill is estimated at 20 years, before any additional expansion or development.
Leon Blaser, Chief Executive Officer, stated: "The Global deal represents the first results from the hard work that we have put in over the past year to restructure the Company and create shareholder value. We expect to announce in the near future additional positive news for shareholders, including the completion of our reorganization as a Delaware corporation, the settlement of additional material liabilities and the infusion of new capital into the Company, as well as additional acquisitions to complement the operations acquired from Global."
NEWS ---- PR Newswire, 10/19/2000 09:09
Arete Industries' Subsidiary Arete Outdoors Opens European Distribution Center - Hires Martin Bader as Its Sales Manager
/FROM PR NEWSWIRE LOS ANGELES 213-626-5500/ [STK] AREE [IN] REA SPT [SU] PDT PER OTC -- WITH PHOTO -- TO BUSINESS, RETAILING AND SPORTS EDITORS:
Arete Industries' Subsidiary Arete Outdoors
Opens European Distribution Center - Hires Martin Bader as Its Sales Manager
BOULDER, Colo., Oct. 19 /PRNewswire/ -- Arete Industries, Inc. (BB:AREE) announced that its outdoor adventure products subsidiary, Arete Outdoors, has opened a distribution center to service the European market in the heart of the Alps in Garmish-Partenkirchen, Germany. Mr. Martin Bader has been appointed European Sales Coordinator and will manage the operations of the distribution center for Arete Outdoors-Europe, formed as a wholly owned subsidiary of Arete Outdoors.
<A href="http://www.newscom.com/cgi-bin/prnh/19990916/ARETE">www.newscom.com/cgi-bin/prnh/19990916/ARETE</A>
The company plans to introduce its SnowFangs(TM) snowshoes and Powder Rush Downhillers(TM) in the European market during the current winter season through this facility. The company will lease space from Mr. Bader's company, Bergsport International, which is an established distributor of numerous top lines of mountaineering equipment. Mr. Bader has a degree in business management and has owned and operated Bergsport for five years. Mr. Bader will develop and manage teams of independent sales representatives for the company's products, initially in Germany, Italy, Austria, Switzerland and the Benelux countries to sell Arete Outdoor's products to mountaineering, bike and ski shops, with other countries to follow.
Mike Lowe, President of Arete Outdoors, stated; "Martin is a great find and fits perfectly our need for a European Sales Coordinator. Because of his involvement, we can introduce our products into the European market earlier than we anticipated. Arete Outdoors shared a booth with Bergsport this fall at the Outdoor Show in Germany and Martin was very enthusiastic about the SnowFangs, the Rush Downhillers, the Power Poles and other products Arete is developing. Martin believes that our products are technically superior, fit the needs of Europeans and will sell well in Europe at the hundreds of ski area shops in the alpine towns. Martin, is a well known mountain climber and extreme skier, is well connected into the top outdoor retailers in the German speaking countries and will be instrumental in seeding the European market this winter for sales growth next Spring and Fall." Lowe continued; "I expect that Europe will prove to be a much larger market for our products than North America. When I was at Lowe Alpine, I watched our European sales outstrip North American sales within four years after setting up distribution in Germany, and I anticipate the same thing for Arete."
-0- 10/19/2000
CONTACT: Eric Popkoff, President of Undiscovered Equities Research, Inc., 516-371-7775, <A href="mailto:ir@areteindustries.com">ir@areteindustries.com</A>, or James Stock of Stock Enterprises, Inc., 702-614-0003, <A href="mailto:ir@areteindustries.com">ir@areteindustries.com</A>, both of Arete Industries, Inc./
10/17/00 - Environmental Solutions Worldwide Completes $2.0 Million Private Placement
MARKHAM, Ontario, Oct 17, 2000 (BUSINESS WIRE) -- ENVIRONMENTAL SOLUTIONS WORLDWIDE, INC. (OTCBB:ESWW), the developer of new environmental technologies, announced today that it has completed a private placement of $2.0 million of its securities with accredited investors with an option for a further $1.5 million as necessary.
"This latest financing is an expression of confidence by high quality investors. This will allow the Company to accelerate the Enviro Cat's full development. It also provides the working capital to engage in transactions with other environmental companies as opportunities emerge," stated Mark Nicole, Chief Executive Office of the Company.
Environmental Solutions Worldwide, Inc., through its wholly-owned BBL Technologies, Inc., subsidiary, is a developer of proprietary catalytic converter technology used in its prototype Enviro Cat(TM) catalytic converter, which is designed to dramatically reduce toxic emissions, including nitrous oxide, expelled by internal combustion engines. The converter requires no precious metals in the manufacturing process, making it less expensive to produce.
The Company also has developed a new, highly efficient spark plug with the potential of increasing the efficiency of internal combustion engines, reducing toxic emissions while increasing fuel economy. ESWW holds Canadian patents and U.S. patent pending on its catalytic converter technology, and is in the process of obtaining worldwide patent protection. The Company also holds a U.S. patent for its spark plug technology. For additional information, visit the Company's Web site at (www.cleanerfuture.com) or call Mark Nicole, CEO, or David Johnson, COO, at 905/947-9923.
CONTACT: The Wall Street Group, Inc. 212/888-4848 or Environmental Solutions Worldwide, Inc. Mark Nicole, 905/947-9923
Environmental Solutions Worldwide Poised to Provide Full-Scale Enviro Cat Sample Catalytic Converters to Auto Makers and OEMs for Testing, Annual Meeting Told
MARKHAM, Ontario--(BUSINESS WIRE)--Sept. 12, 2000--
Move Follows Excellent Results Produced During Company-Sponsored Independent Emissions Tests
ENVIRONMENTAL SOLUTIONS WORLDWIDE, INC. (OTC BB:ESWW) Chief Executive Officer Mark Nicole told shareholders at the annual meeting today that the Company is poised to provide samples of its full-sized Enviro Cat(TM) catalytic converter to automobile makers and original equipment manufacturers for their own testing.
The move follows last week's excellent test results produced during Company-sponsored independent trials on a full-sized Enviro Cat(TM) which determined that Environmental Solutions Worldwide's proprietary catalytic converter significantly reduces emissions of hydrocarbons, nitrous oxide and other critical exhaust gases, confirming the data compiled during two phases of in-house testing on smaller prototypes in July and August.
"The test results on our first full-sized catalytic converter demonstrate that our proprietary Enviro Cat(TM) meets or considerably exceeds current exhaust emissions standards," stated Mr. Nicole. "With our newly enhanced management team and financing soon to be in place, we are confident of early commercialization of the Enviro Cat(TM) catalytic converter."
Bengt Odner, Executive Chairman, said that the Company, as part of its strategic plan, is raising financing from environmental sources such as funds and institutions, as well as potential joint-venture partners. He said that the Company is raising new funding through private placements to finance its operations going into the new year. "This will ensure Environmental Solutions continues to remain in a solid financial position as we move closer to taking our first product into the manufacturing process," Mr. Odner stated.
Mr. Nicole went on to say that in addition to evaluation of the Enviro Cat(TM) by auto manufacturers and original equipment makers of exhaust systems and catalytic converters, samples of the full-sized model will be sent to an independent laboratory approved by the U.S. Environmental Protection Agency, and testing facilities in Europe.
Mr. Nicole also said that Environmental Solutions Worldwide is making significant progress in another product sector and was recently granted a U.S. Patent for its spark plug technology. The Company's new titanium spark plug, combined with fuel injection, operates at 46,000 volts, twice the voltage in current passenger cars and trucks, increasing fuel combustion efficiency. "We are conducting further prototype testing with a goal of bringing the spark plug to market late next year," Mr. Nicole said.
Shareholders attending the meeting and voting by proxy also elected a three-member Board of Directors. In addition to Mark Nicole, they were Bengt Odner, the Executive Chairman, and David Johnson, the new Chief Operating Officer. Shareholders also ratified the appointment of Daren, Martenfeld, Carr, Testa and Company, LLP, as Environmental Solutions Worldwide's independent accountants.
Environmental Solutions Worldwide, Inc., through its wholly-owned BBL Technologies, Inc., subsidiary, is a developer of proprietary catalytic converter technology used in its prototype Enviro Cat(TM) catalytic converter, which is designed to dramatically reduce toxic emissions, including nitrous oxide, expelled by internal combustion engines. The converter requires no precious metals in the manufacturing process, making it less expensive to produce. The Company also has developed a new, highly efficient spark plug with the potential of increasing the efficiency of internal combustion engines, reducing toxic emissions while increasing fuel economy. Environmental Solutions holds Canadian patents and U.S. patent pending on its catalytic converter technology and is in the process of obtaining worldwide patent protection. The Company also holds a U.S. patent for its spark plug technology. For additional information visit the Company's Web site at (www.cleanerfuture.com) or call Mark Nicole, CEO, or David Johnson, COO, at 905-947-9923.
CONTACT: Environmental Solutions Worldwide, Inc., Markham
Bengt Odner, 905/947-9923 Executive Chairman
- or -
The Wall Street Group, Inc., 212/888-4848
How about a super-hypey (..Gold Coast jaw grinding..) "...YAAA--FREAKING--HOO..."!! to brighten up your day....
The Troops at the HQ have some professional videos in hand, which they use to make sales calls at the ski joints - and they are scrambling trying to get it converted to "..Flash.." (..or some other format..) - to get it on the website(s).....
It may have been the "intro" that actually got them invited to the Interbike show..!!
".....HOOOO-RAHHHHH......"!!!
I've asked for copies of the existing video to be handed out to the known "..longs/helpers.." - so please harass your favorite PR person to get yourself one (..to show to your local ski joints..).
It's gonna happen Troops...... Everybody do your part..!!
John
10-4...!!
Call your local ski hills, wysi..!!
John
PR Newswire, 09/28/2000 13:24 Tirex, Simpro and ETR Sign Letter of Intent to Manufacture, Sell And Market Tirex's Tire Recycling Technology
MONTREAL, Sept. 28 /PRNewswire/ - The TIREX Corporation (OTCBB-TXMC) announced today the signing of a letter of intent with Simpro S.p.a. based in Torino, Italy, and European Transformation Resources (ETR), to market, sell and manufacture, Tirex's patented tire recycling technology, the TCS-1.
Simpro S.p.a. operates worldwide as a high technology content design and manufacturing company, primarily in the automotive industry, with sales projected up to US $50,000,000. Simpro will fabricate, install and test all versions of the TCS-1 systems sold by Tirex and ETR worldwide. Attested by Fiat Automotive, Simpro, a long-standing supplier of Fiat, has manufacturing facilities in Europe and South America. Simpro Inc obtained the environmental certification in conformity with UNI EN ISO 14001 standards, as well as the EMAS (Eco-Management and Audit Scheme) registration according to EEC (European Economic Community) Regulations.
ETR is becoming incorporated in Luxembourg by industry specialists to recycle rubber, plastics and the transformation of waste to energy.
Tirex President and CEO, John L. Threshie Jr., declared: ``Tirex is extremely proud to work with a company of Simpro's stature. With Simpro as the manufacturer of the TCS-1, Tirex and ETR now has the ability to market, sell and deliver what we believe to be the most economically viable and environmentally safe tire recycling system in the world. Tirex is planning to deliver its first TCS-1 production system by July of 2001.''
SOURCE Tirex Corporation
-0- 09/28/2000
CONTACT: Jackie Reid, The Tirex Corporation, (514) 933-2518, Fax: (514) 933-6368, www.tirex.com, www.simpro.it/
Affordable Homes of America Changes Name to World Homes, Inc.
PR NEWSWIRE
LAS VEGAS, Oct. 16 — Affordable Homes of America, Inc. (OTCBulletinBoard:AHOA) announced today that it has changed its corporate name to World Homes, Inc. ("World Homes") (OTCBulletinBoard:WHME) and that the Company's common stock began trading on the OTC bulletin board under the new ticker symbol WHME.
"World Homes more closely reflects the new direction that we adopted for the Company," said President and Chief Executive Officer Merle Ferguson. "And this is the appropriate time for the name change, as we have completed phase one of our Company's transition from development stage to a commercial entity anticipating significant revenues from global marketing of our patented Z MIX product."
Ferguson explained that over the past several months, the Company has strengthened its financial management with the appointment of a new Chief Financial Officer, and has successfully entered into joint ventures and licensing agreements with several multi-national organizations to expand the sale of Z MIX material for home building in the Middle East, India, and Africa. "With the stronger financial management and with the agreements now in place, we feel that the Company is well positioned for significant growth," he said.
World Homes, Inc. is focused on developing and building homes throughout the world using new building techniques and a patented product that reduce the overall cost and time of new home construction. The Company's patented Z MIX product, a cementitious mixture that combines cement, diatomaceous earth, bentonite, and recycled products such as shredded tires, is a lightweight building material that significantly reduces home construction costs. The Company has also completed successful preliminary testing and design of railroad ties and utility poles made with Z MIX.
Additional information on World Homes, Inc. will be available on the Company's website at http://www.theworldhome.com.
Quote for reference ticker symbol: WHME / was AHOA
"...Present and accounted for, Sir...."!!!
I try to do my part - re: boards.
You need to DD this one Matt; the possibilities are Heavy Duty.....
Hidden JV with LGOV a very-high likelihood..!!
John
Since you can't get any info out of the Surf Shop these days......
Go do some DD on WHME (aka: AHOA), and see why Dynamic Danny is micmicking a clam being eyed by a starfish..!!
John
WHME (AHOA) has really tied the JV-knot with a world-class power broker, with this shrewd move......
Adnan Khashoggi is a dude with heavy duty clout...:
Arms and the man
--------------------------------------------------------------------------------
Forget that Adnan Khashoggi funneled missles to Iran for Oliver North. And forget that he lives in a $22 million penthouse on Fifth Avenue (now on sale). Behind all that, Adnan Khashoggi is a simple man who, last Wednesday, gave a simple part to celebrate his sister Soheir's first novel. Modesty was everywhere.
Oh sure, there were the artifacts of a life well lived: four-foot elephant tusks bookending the bar; a 12-foot-by-12-foot indoor tropical garden (not to be confused with the indoor swimming pool); Monets and Gauguins and Picassos lining the walls from the library to the TV room. But it still seemed discreet, in a Saudi Prince kind of way. The pianist hired to tinkle the walnut-vencer baby grand, for instance, seemed an afterthought--had he played "We're in the Money" no one would have noticed. Even the coterie of teenage models sneaking cigarettes hardly had the haughtines you'd expect--Anna was a pure delight as we gazed through a telescope into neighboring apartments (none compared to Adnan's).
As the night went on, all Khashoggi's friends turned out. Walter Cronkite was there. So was Abe Hirschfeld, lost among the lesser-known Degas, looking proud to be seen with a man who knew a Minuteman from a Patriot. Copies of Soheir's roman a clef, Mirage, were scattered about, too. As critic Cindy Adams notes in her blurb, it's the "spellbinding story of one woman's struggle to escape the gilded cage of the Middle Eastern aristocracy."
But at last, the delightful arms merchant had to leave his own gilded cage. Boarding the elevator, a suave looking admirer slipped beside him. The New Yorker's Anthony Haden-Guest squeezed in, too. "Your sister is quite lovely," the admirer said. "She takes after me," the stout older brother replied, rousing chuckles from everyone aboard. "And what do you think of the novel?"
Khashoggi paused. "It's a naughty little book," he said, laughing, and his captive audience guaffawed in kind--one besotted editor from a downtown weekly even slapped the former weapons dealer on the back in bonhomie.
Emboldened, Haden-Guest saw his opening. "And do you think it will cause a Fatwa-ah?" the Englishman said, adding a lilting extra syllable. The elevator air grew thick with embarrassment--how could Haden-Guest have broached the notion of political death sentences after being treated to such a fine evening? Didn't he know the book had already been banned in Saudi Arabia? Ever the diplomat, Khashoggi quickly restored order: "I think we will have our own Fatwa," he retorted, rousing hears-hears from a relieved crowd of passengers. If there's a man alive who could coordinate a religious war, it's our humble Adnan.
Copyright Village Voice Mar 12, 1996
Adnan Khashoggi is a MAJOR PLAYER on the world scene..:
Khashoggi trains his guns on oil-fields now
UNITED NEWS OF INDIA
--------------------------------------------------------------------------------
MOSCOW, May 4: Is it `farewell to arms' for Adnan Khashoggi as he now aims at the huge oil profits in the breakaway republic of Chechnya? Nevertheless, the very name makes Russia wary.
Emerging from his hibernation, notorious arms dealer Adnan Khashoggi is currently engaged in trying to re-route Caucasian oil to other parts of the world while bypassing Russia. This deprives the country of considerable revenue and is helping to bolster Muslim fundamentalism in the south of Russia, warns Russian daily Segodnya
. The daily notes that Khashoggi's involvement in the Chechen affairs is ``not encouraging news' for Russia.
A Caucasian Common Market (CCM) has already been formed for tapping the region's oil and transporting it to the Middle East and the West. The investors, among others, include a Turkish-Saudi Arabian consortium; Medina fund, headed by Khashoggi. Japan, Turkey, Georgia, Ukraine, Poland and South Korea are also associated with the Caucasian Common Market.
The region including Chechnya, Caspian Sea and Azerbaijan possesses oil and gas reserves in abundance to last many centuries and a number of current conflicts there can be attributed to the great game of oil politics.
Moscow fears that as a fallout of this, it may lose its levers to intervene in the oil business giving enough elbow room to other major world powers in the south of Russia. Segodnya discloses that the Central Intelligence Agency (CIA) and some petro-dollar Arab states had jointly formulated a plan to ``destroy' the Soviet Union in the eighties.
With the help of Khashoggi, who was known for his proximity to various leaders and secret services the world over, pro-US regimes in west Asia reduced the flow of petro-dollars to the Soviet Union by manipulation and brought down oil prices in the world market from $30 per barrel to $12-15 per barrel. The sharp fall in the oil prices severely hit the Soviet Union.
Khashoggi's `Medina fund' regularly financed Muslim-dominated republics of the erstwhile USSR before it collapsed, a Novosti news analyst adds.
Khashoggi hit the headlines in the eighties when he was linked with the Iran-Contra affair. This affair was allegedly stage-managed by the CIA for garnering dollars from Iran through sale of arms to finance Nicaraguan rebels. The arms deal could not be clinched openly as the U S congress had banned any business with Teheran. With Khashoggi's help, the CIA bypassed the congress secretly.
The arms dealers was also convicted by a U S court in October 1988 for helping deposed Phillipines' President Ferdinand Marcos conceal his assets in the US.
Copyright © 1997 Indian Express Newspapers (Bombay) Ltd
With about 6 hours of DD you will finally tie WHME/AHOA back to LGOV; which is about to go kaBOOOOM on the China LPG gas scene with a JV with a MAJOR-MAJOR oil company wanting in country via LGOV's licenses.
I'll give your a hint: It involves a lot of "vanity" and mint.
[b}Do you know who ADNAN KHASHOGGI is..???!!!
He is one of the world's very biggest and wealthiest Deal-Makers - who could give Don Trump lessons..!!
Check signature at the bottom of this JOINT VENTURE deal.......
Affordable Homes of America Inc (...soon to be World Homes Inc...) · 10KSB · For 6/30/0 · EX-10.8
Confirming Copy · Filed On 10/10/0 · Accession Number 0001091818-00-000057
File Number 33-55254-18
Filed By Filing Filed On/ "Issuer"
Filed Filer, Reporting Form or Effective/ Docs: Subject Company Filer's
As Of Owner or Group Member Schedule Period/Why Pages or Serial Company Agent
This Filing:
10/10/00 Affordable Homes of America Inc 10KSB© 6/30/00 18:154 1091818
Annual Report -- Small Business · Form 10-KSB
Filing Table of Contents
Document/Exhibit Description Pages Bytes
1 10KSB Annual Report -- Small Business 32 107K
2 EX-3.1 Articles of Incorporation 7 25K
3 EX-3.2 Articles of Merger 6 19K
4 EX-3.3 Amendment to the Articles of Incorporation 1 12K
5 EX-3.4 By-Laws 21 86K
6 EX-10.1 Agreement With Affordable Homes of America, Inc. 10 44K
Exchange of Shares
7 EX-10.2 Agreement and Plan of Merger With Composite 20 58K
Industries of America, Inc.
8 EX-10.21 Articles of Merger of With Composite Industries of 3 13K
America, Inc.
9 EX-10.3 Agreement With Big Mountain Construction 22 66K
10 EX-10.4 Financial Guarantee Bond Agreement With American 5 21K
Home Assurance Corporation
11 EX-10.5 Agreement to Provide Financing With Eurofederal 8 25K
Bank N.V.
12 EX-10.6 Consulting Agreement With A2 Consultants 1 12K
13 EX-10.7 Joint Venture Agreement With Tristar Usa of La 6 27K
14 EX-10.8 Joint Venture Agreement With Al Nasar Trading & 5 28K
Industrial Corporation
15 EX-10.9 Consulting Agreement With Africa Resources Corp. 3 17K
16 EX-10.10 Strategic Alliance Agreement With Quadrant 2 13K
Resources Corp. for International Sales
Market
17 EX-3.1 Consent of Pascale, Razzino, Alexanderson & Co., 1 11K
Pllc
18 EX-27 Financial Data Schedule 1 12K
--------------------------------------------------------------------------------
EX-10.8 · Joint Venture Agreement With Al Nasar Trading & Industrial Corporation
--------------------------------------------------------------------------------EX-10.8 · 1st Page of 5 TOC · Top · Previous · Next · Bottom · Just 1st--------------------------------------------------------------------------------
August 15, 2000
JOINT VENTURE AGREEMENT
This Joint Venture Agreement (the Agreement or This Agreement) is
entered into this August 14 , 2000 by and between
Affordable Homes of America, Inc, hereinafter referred to as AHOA, a
Nevada Corporation whose principle place of business is 4505 W.
Hacienda Ave. Unit I-1, Las Vegas, Nevada, USA and
AL Nasar Trading & Industrial Corporation, LLC, hereinafter referred
to as ALNASR, a corporation registered in the Kingdom of Saudi Arabia
(registration no. 3) whose principal place of business is Adam
Khashoggi Vila, Al Washem Street, Murabba's District, Riyadh, Kingdom
of Saudi Arabia.
WHEREAS
A. AHOA is the holder of two United States of America patents (number
5,782,970 and 5,852,077), the patents being issued for the manufactur
ing of a protected new and unique building material hereinafter refer
red to as the product;
B. AHOA has through extensive research and experience, developed low c
ost, rapidly produced housing models which meet minimum building stan
dards for the construction of homes in the United States and in many,
if not all foreign countries.
C. AHOA is now capable and ready to offer the product and
associated home building expertise to a joint venture
partner, specifically ALNASR to introduce, market and sell
the product in the Kingdom of Saudi Arabia and in other countries
mutually selected by ALNASR and AHOA.
D. Furthermore, AHOA is now capable and ready to
(a) provide full complete technical assistance in the establishment
of plants to manufacture the product and (b) provide all the
necessary expertise required to build and market low cost
homes in accordance with models created by AHOA
AND WHERAS
A. ALNASR has the experience and contacts necessary to (a) market
the product in the countries selected in the Middle East and Northern
Africa and (b) create the infrastructure necessary for AHOA to build
manufacturing plants for products where feasible.
B. ALNASR possesses the professional network which will work
diligently towards obtaining various permits and licenses as
required, both for the introduction of the product in the
countries selected and for the introduction of the product in
the countries selected and for the establishment of factories
to construct manufacturing facilities in line with this agreement;
C. Furthermore, ALNASR now desires to utilize its experience,
expertise and network to ensure the success of low cost housing models
by bidding for housing projects in countries selected at the very
earliest opportunity to this signing of this agreement.
NOW THEREFORE, In consideration of one United States Dollar (US$1.00)
receipt of which is hereby acknowledged and the mutual promises and
warranties contained herein, AHOA and ALNASR hereby agree as follows:
MARKETING AND PRODUCTION, LOW COST HOUSING
1. AHOA and ALNASR agree to the formation of two corporations
called Affordable Homes (Middle East), Inc., the said corporations,
unless otherwise agreed upon to be (a) a Canadian (British Columbia)
and (b) a United States of America (Nevada) corporation respectively;
--------------------------------------------------------------------------------112 · EX-10.8 · 2nd Page of 5 TOC · 1st · Previous · Next · Bottom · Just 2nd--------------------------------------------------------------------------------
2. AHOA and ALNASR will each hold 50% of the Canadian and
US corporation ( the "JV Corporations") respectively
3. AHOA and ALNASR understand that each of the JV corporations
will be obliged to form alliances, partnerships or even JV agreements
with third parties depending upon the individual requirements and
project mechanics in each country:
4. AHOA will hereby grant the JV corporation the exclusive rights
to (a) introduce and market the product in various countries selected
and (b) construct manufacturing and production facilities to produce
the product in the said countries selected and furthermore,
unless there are fundamental reasons to the contrary AHOA
agrees to transfer such exclusive rights to any alliances,
partnerships or JV undertaken with third parties in any
particular country.
5. AHOA will also grant the JV corporation the exclusive right,
jointly, with other parties or on their own accords, to bid on low
cost housing contracts in countries selected using AHOA's product
and technical support.
6. AHOA warrants and guarantees that the product is feasible and
further warrants that all technical information provided to
ALNASR isaccurate and will be accurate at all times to
the best of AHOA management
7. AHOA warrants that the product is viable building product and
is one which can be produced and used at a cost substantially less
that the cost of normally existing wood or concrete based housing
materials
8. AHOA warrants that is engineer and technicians will be available
for on site presentations, reviews and studies in the countries
selected to assist ALNASR in any of its efforts envisaged in this
Agreement
9. ALNASR agrees to use its best efforts to introduce, market and
sell the product in countries selected and further agrees that the
first country will be selected within 7 business days of the
signing of this Agreement
10. ALNASR agrees that it will arrange for the preparation and
submission of competitive bids which will be based on the use of
the product (either via local production or via exports) to produce
low cost housing in the country of countries selected.
11. ALNASR may provide, as its own contribution towards the Joint
Ventures envisaged herein, land or buildings and such land or buildings
will be acceptable to AHOA, if (a) they are deemed suitable for
the furtherance of the objectives of the joint venture and (b)
they are valued as per recognized local or international standards;
12. Each party will have equal representation of the Board of Directors
of the corporation (per 1) unless such representation needs to be
altered due to locally prevailing regulations in which case
both parties shall arrive at mutually acceptance representations;
COSTS, FEES, EXPENSES & ORGANIZATION
13. Further to a Letter of Intent dated August 07, 2000, AHOA and
ALNASR have made their initial contributions of $US 25,000.00
(United States Dollars Twenty Five Thousand only) each towards
preliminary expenses designed to identify the precise nature of
opportunities for the product in all countries in the Middle East
and in certain countries forming the Northern Africa.
14. AHOA and ALNASR hereby, agree form this juncture, to
operate the agreement only through the JV Corporations (per 1);
15. AHOA and ALNASR hereby agree that both parties will contribute
a specified amount towards their share of initial capitalization of
the corporations in such a manner that preliminary travel cost, legal
fees and other expenditures are accounted for prior to formal
capitalization pursuant to the actual implementation of country
specific joint ventures for production, marketing and bidding purposes.
16. AHOA and ALNASR hereby agree to appoint Ms. Allison Eaton,
President of Africa Resources Corporation, Vancouver, as Secretary
of the Canadian corporation and AHOA appointee as Secretary
of the US Corporation for the primary purpose of maintaining and
preparing books, records, timetables, timelines and expense budgets;
17. AHOA and ALNASR hereby agree to appoint Mr. Stephen Nemerqut as
General Counsel for purposes envisaged in this Agreement;
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IMMEDIATE OBJECTIVES
18. ALNASR, will, within 7 business days of the signing of this
Agreement, provide written confirmation of a least one country chosen
for immediate implementation of the objectives of the Joint Venture
with AHOA, namely to produce and manufacture the product and,
further more, to promote low cost housing projects;
19. ALNASR will within 7 business days of the signing of this
Agreement, provide a plan of action for a least four other countries
where such plan will be implemented depending upon the level of resources
available to AHOA;
20. ALNASR and AHOA will cause the formation of the corporations
(per 1) with immediate effect so that the Secretaries of the Corporations
can prepare and formalize books, records, and budgets in line
with the objectives of the Agreement;
21. In order to fund the JV, and to complete other obligations under
the Agreement, AHOA will immediately conduct a private placement
financing in which cause AHOA will be actively assisted by
Africa Resource Corporation and by ALNASR;
22. ALNASR hereby agrees to make all arrangements, in conjunction
with Africa Resources, to enable AHOA to complete the targeted private
placement for a sum expected to be for a minimum of $7.00
million and for a maximum of $15 million with the overriding
provision that the bulk of the proceed excluding certain operating
and working capital costs agreed upon, will be utilized to fund AHOA's
share in the joint venture and/or joint ventures envisaged therein;
23. ALNASR is aware that shares issued as a consequence of the
private placement by AHOA will be restricted shares (either Rule 144
or Reg,'S') and such shares may remain restricted for trading in the
US either for a period of 12 months from the date of the issuance or
pending AHOA effecting the appropriate registration of the securities
issued;
GENERAL
24. It is explicitly understood by ALNSAR that AHOA's near term
and longer term participation, especially in the manufacture of the
product in one or more countries, is reliant upon the success of the
private placement (per 22) and a failure to satisfactorily complete the
private placement will make it impossible for AHOA to meet the forthcoming
commitments as outlined in this Agreement;
25. The term of the Agreement shall be for a period of three (3) years
with and automatic renewal for twenty five (25) years if a minimum of
US$ 100,000,000.00 (United States Dollars One Hundred Million) of actual
construction value is achieved within three years where such construction
value will be the aggregate of construction expenditures in one or more
countries designated by ALNASR;26. Since the representation on the Board
of Directors (per 1) shall be equally split between AHOA and
ALNASR, any stalemate in voting- despite the best efforts of both
parties- will be submitted to an independent Arbitrator selected from
the American Arbitrator Association in which case the
Arbitrator's decision will be final;
27. This agreement may be terminated for any of the following reasons:
a. By mutual consent of both parties
b. By the failure of ALNASR to secure necessary licenses
permits and other related arrangements in at least 1 country
over a period of 12 months form the date of signing this Agreement.
c. By the failure of ALNASR to forward a comprehensive plan
of action for the JV corporations within 12 months from the
date of signing this Agreement;
d. By the failure of AHOA to complete the private placement
envisaged herein within 6 months from the date of signing
this Agreement;
e. By the failure of AHOA to demonstrate adequately that
the product meets with all necessary minimum requirements
and furthermore, to prove that the low cost housing model
is reality;
28. The Agreement may be amended at any time provided that any amended
agreement is in writing, signed by both parties and clearly referenced;
29. All timetables of timelines mentioned herein and appearing as the
duties of any of the parties to the Agreement may be extended with
the written consent of both parties to the agreement and the parties
concerned hereby agree that certain requirements or provisions may be
waived provided that such waiver is mutually agreed in writing
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30. Address for notices and other communications:
AHOA Affordable Homes of America, Inc
4505 W. Hacienda Ave. Unit I-1
Las Vegas, NV
#702-579-4888
Fax#-702-579-4833
e-mail:info@affordahome.com
AL NASR Trading & Industrial Corporation LLC
Adnan Khashoggi Villa
Al Washem Street
Murabba's District
Riyadh, Kingdom of Saudi Arabia
Telephone: 1-9661-402-7888
Fax:1-9661-402-8577
31. The Agreement is the final written expression and the complete and
exclusive statement of the parties namely AHOA and ALNASR. It super-
sedes any and all other agreements (and letters of intent as the case may
be) written or oral between the parties and alterations or amendments
hereinafter must only be with the written and mutual content of AHOA
and ALNASR:
32. The Agreement, and its terms and conditions, shall be govern by
the laws prevailing in the State of Nevada or laws in other jurisdictions
if and when applicable;
33. In the event that any pan of the Agreement is determined invalid by
a court of competent jurisdiction, such determination shall not effect
the validity of the remaining portion of the Agreement:
34. Both parties agree that, within the framework of the Agreement, certain
commission and/or finder's fees will be payable to Charlesbridge Holdings
(Europe) Corporation/Africa Reiources Corporation and to The Aiegis Group
and that the said commissions and fees will be negotiated separately and
will form part of a separate aereement.
SIGNED AND ACCEPTED
DATED: 08/15/2000
For AFFFORDABLE HOMES OF AMERICA, INC
By: /s/ Merle Ferguson
--------------
Merle Ferguson
President
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FOR AL NASR TRADING AND INDUSTRIAL CORPORATION LLC
By /s/ ADNAN KHASHOGGI
---------------
ADNAN KHASHOGGI
DIRECTOR
end of agreement.
TOTAL 8 PAGES
--------------------------------------------------------------------------------
Dates Referenced Herein and Documents Incorporated By Reference
Referenced-On Page
This 10KSB Filing Date First Last Other Filings
\/
For The Period Ended 6/30/0 NT 10-K
8/7/0 2
8/15/0 1
Filed On / Filed As Of 10/10/0
I had a rather extended conversation with Jim Stock or Friday, re: getting some high quality videos produced showing the PowderRUSH in action at Copper, Keystone, Vail, Eagle, etc.
Jim assured me that when we hung up that was going to be his next call. I've tried to get in touch with my old machine design buddy, Cecil, who does racing event videos in the winter out there - but, he moved and I'm not having a lot of luck.
If anyone knows any video folks in the High Country - please volunteer your info..!!
All of the really popular yuppie/hot-dogger bars in Denver, and I presume all other ski-towns, show Hot-Dogger mogul busting and X-treme Freestyle videos all the time.
That kind of exposure for the RUSH and FANG products would sizzle through the industry like a mountain brushfire.
While everyone at the company in making all possible efforts to do their thing, I think it's really important for all of us to contact any small slope operators near where we live - and bring them up to speed on the possibilities.
Regards,
John
Arete Industries' Incubator Partner Announces Completion of the Prototype Of its 'Interactive Teacher' Software Program
BOULDER, Colo., Sept. 20 /PRNewswire/ -- Arete Industries, Inc. (BB:AREE) announced that its incubator partner, VerbalTech Labs, Inc. has completed a working prototype of its "interactive teacher" software program.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990916/ARETE )
"This is an important step in the development of our software product," comments Bill Hutchison, Chief Scientist of VerbalTech Labs. "We have successfully demonstrated that we can integrate the intelligent agent and the voice recognition software that we have developed into an effective interactive teacher."
The intelligent agent models the learning process and adapts to the language learning skills of the student. Combined with voice recognition, it works by measuring the accuracy of the student's verbal expressions against the intended response and automatically cues the student according to his or her progress. It effectively simulates a teacher's interaction by constantly adjusting to the student feedback, prompts and the tutorial content.
Ken Stephens, President of VerbalTech Labs stated, "The prototype is a demonstration that teaches the user nine German words. It provides reinforcement to the users as their pronunciation improves and introduces new words as their proficiency increases." Continued Stephens, "We used German words to demonstrate to key industry contacts and potential investors how the program teaches language. The first application is focused on the 6.8 million American children with learning disabilities. Since there are only 100,000 speech and language professionals who can effectively address this segment of the population's needs, there is a tremendous opportunity for our company. Our educational content is currently being tested with over twenty families. The next step is to bring it all together into a commercial product."
VerbalTech Labs, Inc., based in Boulder, CO, is an incubator partner of Arete Industries, Inc. While Arete Industries is working with VerbalTech to develop its products, it is currently launching Arete Outdoors, which has several new and unique products in the alpine recreational sport market niche (See areteoutdoors.com). VerbalTech is Arete Industries' next company to be launched with its first commercial sales projected for the second quarter of 2001.
CONTACT: Eric Popkoff, President of Undiscovered Equities Research, Inc., 516-371-7775, ir@areteindustries.com; or James Stock of Stock Enterprises, Inc., 702-614-0003, ir@areteindustries.com/
Hi Troops,
I'm up to my eyeballs in a new project - not too much time to post, and I have to get a web account here as my other service isn't available.
Life in the "..little city.." aye..!!
AREE - onward and upwards...............!!
Lots of nice accumulation shown on CNBC l Last 10 Trades.
Regards,
John
.
Definite MFMMM walkdown in progress......
John
Hi Bernard,
The one major problem is that Mendez has little or no experience in project-oriented operations, where you have to develop and push a schedule.
The second problem is that he "...thinks..." that the people who participate and contribute to stock boards ( "..the Internet..", per Dan ) don't exist and/or don't make a difference; since his is computer illiterate and generally e-ignorant. His background is in Real Estate, where the Californians will stand in line, in the smog/rain, to get a chance to bid on a cracker-box 0-lot-line condo.
The 30-day re-listing period is over on 18SEP(+/-), and then some PRs should hit the street. They should explain all the successes Deng Shan has produced lately. The new website illudes to some of the bigger events, which have never been PR'd - yet are still viable and substantial.
People also keep overlooking the fact that Largo's original effort in China was "..housing.."; and there is a ghosty link between LGOV and AHOA. The last I knew, there were several pre-fab house/offices sitting on the dock over there - left over from the original push.
China is also looking at a 3-year delay in it's big telecom plans, which should help with LGOV's cell/walkie-talkie network palns.
Regards,
John
No extra charge....
O/T:
If you ain't in LGOV by now, you're gonna wish you had been...
GOooooooooooooooooooooooo AREE............................!!!
John
10-4...........
Reasons for LGOV's success in China:
LPG (liquified petroleum gas), as marketed by Largo Vista Group, Ltd. all over China, will be used to reduce the dependence on and pollution effects of coal.
Chinese coal contains high levels of arsenic, which forms poisonous aresinides when burned. As tremedous numbers of the working/agricultural class still use coal for heating and cooking inside their homes - the long term negative health effects should be obvious.
Increased LPG usage will help.
Re: China coal;
China, world's no. 1 coal user, looking for pollution solutions
--------------------------------------------------------------------------------
Copyright © 1996 Nando.net
Copyright © 1996 The Associated Press
TAIYUAN, China (Nov 2, 1996 11:01 p.m. EST) -- When it rains in China's coal country, soot rubs off blackened tree trunks like ink.
It is the residue of the throat-stinging smog that blankets Taiyuan in north-central China's "sea of coal."
But the problem isn't limited to mining country. Coal supplies three-quarters of China's energy and is by far the biggest source of air pollution choking its cities and contributing to environmental problems outside its borders.
China already is the world's No. 1 producer and consumer of coal. And experts say that by 2020, it will be using at least twice as much coal, the only fuel it has in plentiful supply.
Acknowledging that pollution is worsening, the government has proclaimed environmental protection a national goal. It has toughened air pollution control laws, closed thousands of heavily polluting factories and begun experimental projects for cleaner coal use.
There are signs of progress.
The government spent nearly $60 million on a seven-year cleanup of Benxi in the industrial northeast, a city so polluted it once disappeared from satellite photos. Its residents had the highest rates of lung diseases in China.
This year, the government said Benxi once again meets basic standards for human life.
China says its target for 2000 is for air pollution levels to be no higher than in 1995.
It is a goal that environmental experts say may be unattainable because investment in pollution equipment lags and many industries still operate without any emission controls.
"The government is very concerned about pollution," said Wang Zhongan, a government energy planner. "We will not allow an unlimited increase in consumption. Maybe the total quantity of carbon emissions will be equivalent to the United States one day. But on a per capita basis? I don't think so."
The United States, with one-fourth of China's population, is the leading source of carbon dioxide, the biggest component of atmospheric "greenhouse gases" that many scientists think could cause global warming.
China already is No. 2. And without improved efficiency and a shift to cleaner energy, China's emissions of carbon dioxide could triple in the next few decades, experts say.
Another problem is acid rain. The result of sulfur dioxide emissions from burning coal, acid rain destroys hundreds of millions of dollars worth of crops and forest each year in China and neighboring countries.
Although China's coal-burning power stations have equipment to trap harmful particulates, few have the costly traps needed to remove sulfur dioxide, Canadian ecologist Vaclav Smil said in a report this year.
Indeed, most of China's coal is still burned without any kind of emission controls by small industrial boilers and household stoves, Smil said.
Industrial use of coal far outweighs residential use. But burning coal in roadside vendors' stoves or for home heating is the bigger health hazard, because the smoke is vented close to where people breathe it in.
Even in Beijing, where most people live in apartments heated by natural gas, neighborhoods of old, single-story houses depend on coal. Young men blackened with coal dust pedal flat-bed tricycles stacked with short cylinders of coal through Beijing's winding back lanes.
"There's a smoke dragon over all these houses in the winter," said a retired office worker who lives in a century-old house in the capital. The woman, who gave her name only as Mrs. Dong, said the smoke bothers her throat, but living in a cold house is worse.
In Taiyuan, a city of 3 million people in the northern province of Shaanxi, natural gas has replaced coal for most home heating. The red brick chimneys that sprout from all the city's apartment houses and small businesses no longer gush with sooty smoke.
But intense industrial use of coal continues. Smog engulfs Taiyuan from late afternoon until midmorning, when the wind picks up and disperses it.
Song Wenyu, director of the provincial environmental protection bureau, said the conversion to gas and installation of pollution equipment at power plants has helped. Particulate levels in the city's air have dropped from 1,200 micrograms per cubic meter a decade ago to 540 micrograms, he said.
Still, that is at least six times the maximum recommended by the World Health Organization.
Elsewhere in the province, illegal coking ovens and paper mills burn coal with no equipment to trap pollutants. Such plants are supposed to be shut down under a law that took effect Oct. 1.
Revisions adopted last year for the air pollution law now set standards for clean coal use, mandate sulfur control zones in areas severely affected by acid rain, and order a phase-out of outdated coal-burning equipment.
This year, the government began experimenting with charging some factories for sulfur emissions. The dirtiest factories will soon be hit with heavy taxes, the state-run Xinhua News Agency reported recently.
Since China's economic reforms began 17 years ago, a drive to improve energy conservation has kept growth in energy use at only half that of economic growth -- an unprecedented accomplishment for a developing country, said William Chandler, an energy expert in Washington for Pacific Northwest Laboratory.
"The question is, can it be sustained without new efforts? Probably not without imports of better technology," Chandler said.
Charles Johnson, an energy analyst at the East-West Center in Honolulu, said China must assume most of the cleanup burden itself, because "there's probably not enough aid in the world to make a major impact."
Chinese officials say their country cannot afford all the technology it needs.
If China follows the pattern of wealth first, cleanup later like its neighbors Japan, South Korea and Taiwan, even its most affluent coastal provinces probably will not start seriously tackling air pollution for 10 or 20 more years, Johnson said.
China has substantial research projects in clean-coal technology such as coal-water slurry and methane gas from coal beds, but has been slow to apply it to commercial plants, he said.
"Expansion of coal use is increasing the pollution rate much more than clean-coal technology is reducing it," Johnson said.
-------------------------------------------------------
Increased usage of LPG has already been recognized as a "..major sollution to the pollution..!!
I presume it works like the Private Boards over on the competition; nice looking website by the way.
Later..........
John
Can't seem to boardmark the boards, Matt...
Regards,
John
Latest DD from Stephanie, on RB:
http://www.ragingbull.altavista.com/mboard/boards.cgi?board=AREE&read=33503
OBTW doc, completed my collection of 1/4MM shares last week - next benchmark = 1/2MM (..God willin' and the price don't rocket on me; tee hee..)!!
John
Yo jorj,
Small world aye..!! DNAPians scurrying about everywhere..!!
According to the heavies on SI/TGL this ones a rocket, so I snagged some shares a weeks ago. More tomorrow.....
OBTW & O/T: LGOV re-listed on Friday and jumped +30%. As they had no board here, I took the liberty: http://www.investorshub.com/beta/board.asp?board_id=114
Good to see ya, Dude..!!
John
Welcome to Largo Vista, currently a 10-bagger for those who got in around $0.10, it has a long way to run.
You can find tons of DD on http://www.siliconinvestor.com , http://www.ragingbull.com , and on http://www.bobz.com by going to the related LGOV boards on those sites.
Lots of info on the company website also, http://www.largovista.com
Suggest you get in fairly quickly, to avoid "...woulda/coulda/shoulda.." syndrome.
Regards,
John