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GRXI.....WOW NEWS JUST OUT
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Feb. 16, 2006--GTREX Capital, Inc. (OTCBB:GRXI) today announced that it has entered into an escrow agreement to acquire all of the outstanding shares of Global Travel Partners, a Nevada corporation that owns 100% of AsiaWorld Travel Vancouver, Ltd., and Dominion Pacific Travel, two British Columbia-based travel companies. GTREX Capital expects to close the acquisition by the end of February 2006.
For fiscal year 2005, Dominion Pacific Travel posted over 4.2 million in total revenues, and AsiaWorld Travel exceeded 2.1 million in total revenues.
Under terms of its Letter of Agreement, GTREX Capital is acquiring these two companies for stock and long-term notes. AsiaWorld Travel is one of the largest hotel room wholesalers in the Vancouver region, and Dominion Pacific Travel is one of Vancouver's largest ticketing wholesalers for EVA Air (40 destinations on four continents, including Asia, Australia, New Zealand, Europe and North America) and China Airlines (59 destinations in 23 countries around the world).
The investments in these travel businesses, who are expected to become customers for GTREX Capital's wholly owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology, will have the dual purpose of providing immediate revenues and portfolio value for GTREX Capital, as well as building the supplier and customer base for Global Travel Exchange.
"The escrow agreement is an important step in the acquisition of AsiaWorld Travel and Dominion Pacific Travel, and we look forward to the close of the acquisitions and the implementation of Global Travel Exchange's travel distribution solution for these businesses," said Christopher Berlandier, chairman and chief executive officer of GTREX Capital.
"We also expect to enter into additional agreements to acquire another round of travel-related businesses in the near term that will further diversify the interests of GTREX Capital and increase the revenues generated by its portfolio companies. These are important steps in developing GTREX Capital as an investment fund that returns value to its investors, and we look forward to achieving this goal for the benefit of our shareholders," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp .
About GTREX Capital, Inc.
GTREX Capital, Inc. ( http://www.gtrexcapital.com ) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect
GRXI .008 targeted acquisitions apprx. $6 million in annual revenues.
GTREX Capital Targets New Acquisitions for Investment Portfolio
ALISO VIEJO, Calif., Dec 06, 2005 (BUSINESS WIRE) --
GTREX Capital, Inc. (OTCBB:GRXI) today announced that the company's Board of Directors has targeted several new synergistic investments for the GTREX Capital portfolio. The first of these investments are expected to not only provide significant seven figure revenues, but they will also become customers for wholly-owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology.
The targeted acquisitions include Pacific-Asian and European travel suppliers and traditional travel businesses. Three specialty travel companies have been identified, and each of these businesses would benefit from the implementation of Global Travel Exchange's direct connect travel distribution technology. Together they currently represent approximately $6 million in annual revenues.
"GTREX Capital's Investment Committee is considering acquisitions that will diversify the company's interests beyond just our Global Travel Exchange portfolio investment and its new Global Financial Exchange subsidiary," commented chief executive officer, Christopher Berlandier. "The first three investments that have been identified will expand the company's interests, bring immediate revenues and value to the portfolio, while also attracting new luxury travel customers for the Voyager Network distribution system. These customers will simultaneously be exposed to Global Financial Exchange's debit and cheque card initiatives further increasing the potential synergy."
Mr. Berlandier has made several trips in North America and Asia, conducting due diligence on investment targets, including an August trip to Vancouver, British Columbia, Canada where the first targeted acquisitions have office locations.
"These businesses all have positive cash flow and significant potential for continued growth, especially as they employ the superior travel distribution technology in provided by the Voyager Network. Having more than one portfolio investment will be an important development in the growth of GTREX Capital, especially as Global Travel Exchange expands and becomes a leader in the travel distribution market. We look forward to announcing initial acquisition agreements in the very near future," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: GTREX Capital, Inc.
Gemini Financial Communications A. Beyer, 951-587-8072
Copyright Business Wire 2005
GRXI .008 targeted acquisitions apprx. $6 million in annual revenues.
GTREX Capital Targets New Acquisitions for Investment Portfolio
ALISO VIEJO, Calif., Dec 06, 2005 (BUSINESS WIRE) --
GTREX Capital, Inc. (OTCBB:GRXI) today announced that the company's Board of Directors has targeted several new synergistic investments for the GTREX Capital portfolio. The first of these investments are expected to not only provide significant seven figure revenues, but they will also become customers for wholly-owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology.
The targeted acquisitions include Pacific-Asian and European travel suppliers and traditional travel businesses. Three specialty travel companies have been identified, and each of these businesses would benefit from the implementation of Global Travel Exchange's direct connect travel distribution technology. Together they currently represent approximately $6 million in annual revenues.
"GTREX Capital's Investment Committee is considering acquisitions that will diversify the company's interests beyond just our Global Travel Exchange portfolio investment and its new Global Financial Exchange subsidiary," commented chief executive officer, Christopher Berlandier. "The first three investments that have been identified will expand the company's interests, bring immediate revenues and value to the portfolio, while also attracting new luxury travel customers for the Voyager Network distribution system. These customers will simultaneously be exposed to Global Financial Exchange's debit and cheque card initiatives further increasing the potential synergy."
Mr. Berlandier has made several trips in North America and Asia, conducting due diligence on investment targets, including an August trip to Vancouver, British Columbia, Canada where the first targeted acquisitions have office locations.
"These businesses all have positive cash flow and significant potential for continued growth, especially as they employ the superior travel distribution technology in provided by the Voyager Network. Having more than one portfolio investment will be an important development in the growth of GTREX Capital, especially as Global Travel Exchange expands and becomes a leader in the travel distribution market. We look forward to announcing initial acquisition agreements in the very near future," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: GTREX Capital, Inc.
Gemini Financial Communications A. Beyer, 951-587-8072
Copyright Business Wire 2005
GRXI .008 targeted acquisitions apprx. $6 million in annual revenues.
GTREX Capital Targets New Acquisitions for Investment Portfolio
ALISO VIEJO, Calif., Dec 06, 2005 (BUSINESS WIRE) --
GTREX Capital, Inc. (OTCBB:GRXI) today announced that the company's Board of Directors has targeted several new synergistic investments for the GTREX Capital portfolio. The first of these investments are expected to not only provide significant seven figure revenues, but they will also become customers for wholly-owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology.
The targeted acquisitions include Pacific-Asian and European travel suppliers and traditional travel businesses. Three specialty travel companies have been identified, and each of these businesses would benefit from the implementation of Global Travel Exchange's direct connect travel distribution technology. Together they currently represent approximately $6 million in annual revenues.
"GTREX Capital's Investment Committee is considering acquisitions that will diversify the company's interests beyond just our Global Travel Exchange portfolio investment and its new Global Financial Exchange subsidiary," commented chief executive officer, Christopher Berlandier. "The first three investments that have been identified will expand the company's interests, bring immediate revenues and value to the portfolio, while also attracting new luxury travel customers for the Voyager Network distribution system. These customers will simultaneously be exposed to Global Financial Exchange's debit and cheque card initiatives further increasing the potential synergy."
Mr. Berlandier has made several trips in North America and Asia, conducting due diligence on investment targets, including an August trip to Vancouver, British Columbia, Canada where the first targeted acquisitions have office locations.
"These businesses all have positive cash flow and significant potential for continued growth, especially as they employ the superior travel distribution technology in provided by the Voyager Network. Having more than one portfolio investment will be an important development in the growth of GTREX Capital, especially as Global Travel Exchange expands and becomes a leader in the travel distribution market. We look forward to announcing initial acquisition agreements in the very near future," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: GTREX Capital, Inc.
Gemini Financial Communications A. Beyer, 951-587-8072
Copyright Business Wire 2005
GRXI .008 Targeted Acquis. for $6 million in annual revenues.
GTREX Capital Targets New Acquisitions for Investment Portfolio
ALISO VIEJO, Calif., Dec 06, 2005 (BUSINESS WIRE) --
GTREX Capital, Inc. (OTCBB:GRXI) today announced that the company's Board of Directors has targeted several new synergistic investments for the GTREX Capital portfolio. The first of these investments are expected to not only provide significant seven figure revenues, but they will also become customers for wholly-owned portfolio company, Global Travel Exchange, a leading provider of direct access travel distribution technology.
The targeted acquisitions include Pacific-Asian and European travel suppliers and traditional travel businesses. Three specialty travel companies have been identified, and each of these businesses would benefit from the implementation of Global Travel Exchange's direct connect travel distribution technology. Together they currently represent approximately $6 million in annual revenues.
"GTREX Capital's Investment Committee is considering acquisitions that will diversify the company's interests beyond just our Global Travel Exchange portfolio investment and its new Global Financial Exchange subsidiary," commented chief executive officer, Christopher Berlandier. "The first three investments that have been identified will expand the company's interests, bring immediate revenues and value to the portfolio, while also attracting new luxury travel customers for the Voyager Network distribution system. These customers will simultaneously be exposed to Global Financial Exchange's debit and cheque card initiatives further increasing the potential synergy."
Mr. Berlandier has made several trips in North America and Asia, conducting due diligence on investment targets, including an August trip to Vancouver, British Columbia, Canada where the first targeted acquisitions have office locations.
"These businesses all have positive cash flow and significant potential for continued growth, especially as they employ the superior travel distribution technology in provided by the Voyager Network. Having more than one portfolio investment will be an important development in the growth of GTREX Capital, especially as Global Travel Exchange expands and becomes a leader in the travel distribution market. We look forward to announcing initial acquisition agreements in the very near future," added Mr. Berlandier.
To sign up to receive information by email directly from GTREX Capital whenever new press releases, investor newsletters, SEC filings, or other information is disclosed, please visit http://www.gtrexcapital.com/investor.asp.
About GTREX Capital, Inc.
GTREX Capital, Inc. (http://www.gtrexcapital.com) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: GTREX Capital, Inc.
Gemini Financial Communications A. Beyer, 951-587-8072
Copyright Business Wire 2005
Pretty tightly held stock. Anything in the low 60's usually gets snapped up pretty quick.
2.5 to 1 forward split announced for Tuesday. I don't no how this affects a chart.
IFOB premier online internet television broadcast network.
THE WAY OF THE FUTURE
http://www.streetcast.tv/
http://www.quote.com/qc/news/story....32109_PZN_87854
IFOB premier online internet television broadcast network.
THE WAY OF THE FUTURE
http://www.streetcast.tv/
http://www.quote.com/qc/news/story....32109_PZN_87854
IFOB premier online internet television broadcast network.
THE WAY OF THE FUTURE
http://www.streetcast.tv/
http://www.quote.com/qc/news/story....32109_PZN_87854
From the filings it looks like Supreme Hotel Properties will be a brand new Company.
Halter Financial is taking control of existing company by investing 1.6 million dollars for 2 million shares and control 81% of the Company
Halters Shell companies do very well.
LOL
Srlt Supreme Realty Investments>DIVIDEND
http://www.expotel-usa.com/
LOOKS LIKE HALTER FINANCIAL IS PUTTING 1.6 Million into buying the controlling interest in SRLT and then spinning off SUPREME HOTEL PROPERTIES AS A DIVIDEND
http://www.pinksheets.com/quote/pri...55C&symbol=SRLT
Halter Financial Investments, L.P. of Dallas, Texas has entered into a Letter of Intent with the Company setting forth the terms and conditions pursuant to which it will acquire a controlling interest, estimated to be approximately 81%, of the Company’s outstanding common stock (hereafter, “Share Purchase Transaction”). The Share Purchase Transaction is subject to the following conditions: (1) the Company transferring all of its assets and liabilities to its wholly-owned subsidiary, Supreme Hotel Properties, Inc.; (2) the Company then transferring its interest in Supreme Hotel Properties, Inc. to the Company’s existing shareholders of record, on a pro rata basis, to effectively spin-off Supreme Hotel Properties, Inc. as a separate entity; and (3) the spin-off transaction being approved by a majority of the Company’s shareholders entitled to vote thereon.
The proposed Share Purchase Transaction will necessitate the issuance of approximately 2,000,000 new shares of common stock to Halter Financial Investments, L.P. The number of shares to be issued is based on the completion of a proposed 1 for 10 reverse stock split. In addition, once the Share Purchase Transaction is concluded, all existing officers and directors of the Company will resign and nominees of Halter Financial Investments will be appointed to fill such vacancies . Following consummation of the Share Purchase Transaction, new management of the Company, using its reputation, experience, and international contacts, will seek to complete a merger or similar transaction with an operating business that will qualify the Company to have its securities listed on a major national exchange or quotation medium like the New York Stock Exchange, the American Stock Exchange, or NASDAQ.
Proceeds from the sale of the shares to Halter Financial Investments will be transferred to Supreme Hotel Properties, Inc. to be used to pay expenses related to the acquisition of hotel properties and to maintain the Company’s current business operations as assumed by Supreme Hotel Properties, Inc. The shares of Supreme Hotel Properties, Inc. distributed to the shareholders of the Company as part of the spin off will have attendant registration rights and the management of Supreme Hotel Properties, Inc. will seek to file a registration statement with the SEC to register those shares. Upon that registration becoming effective, management will then apply for listing the company’s securities on a national exchange or quotation medium.
LOOKS LIKE GREAT NEWS TO ME...........any comments
Srlt Supreme Realty Investments> DIVIDEND
http://www.expotel-usa.com/
LOOKS LIKE HALTER FINANCIAL IS PUTTING 1.6 Million into buying the controlling interest in SRLT and then spinning off SUPREME HOTEL PROPERTIES AS A DIVIDEND
http://www.pinksheets.com/quote/pri...55C&symbol=SRLT
Halter Financial Investments, L.P. of Dallas, Texas has entered into a Letter of Intent with the Company setting forth the terms and conditions pursuant to which it will acquire a controlling interest, estimated to be approximately 81%, of the Company’s outstanding common stock (hereafter, “Share Purchase Transaction”). The Share Purchase Transaction is subject to the following conditions: (1) the Company transferring all of its assets and liabilities to its wholly-owned subsidiary, Supreme Hotel Properties, Inc.; (2) the Company then transferring its interest in Supreme Hotel Properties, Inc. to the Company’s existing shareholders of record, on a pro rata basis, to effectively spin-off Supreme Hotel Properties, Inc. as a separate entity; and (3) the spin-off transaction being approved by a majority of the Company’s shareholders entitled to vote thereon.
The proposed Share Purchase Transaction will necessitate the issuance of approximately 2,000,000 new shares of common stock to Halter Financial Investments, L.P. The number of shares to be issued is based on the completion of a proposed 1 for 10 reverse stock split. In addition, once the Share Purchase Transaction is concluded, all existing officers and directors of the Company will resign and nominees of Halter Financial Investments will be appointed to fill such vacancies . Following consummation of the Share Purchase Transaction, new management of the Company, using its reputation, experience, and international contacts, will seek to complete a merger or similar transaction with an operating business that will qualify the Company to have its securities listed on a major national exchange or quotation medium like the New York Stock Exchange, the American Stock Exchange, or NASDAQ.
Proceeds from the sale of the shares to Halter Financial Investments will be transferred to Supreme Hotel Properties, Inc. to be used to pay expenses related to the acquisition of hotel properties and to maintain the Company’s current business operations as assumed by Supreme Hotel Properties, Inc. The shares of Supreme Hotel Properties, Inc. distributed to the shareholders of the Company as part of the spin off will have attendant registration rights and the management of Supreme Hotel Properties, Inc. will seek to file a registration statement with the SEC to register those shares. Upon that registration becoming effective, management will then apply for listing the company’s securities on a national exchange or quotation medium.
LOOKS LIKE GREAT NEWS TO ME...........any comments
Srlt Supreme Realty Investments> DIVIDEND
http://www.expotel-usa.com/
LOOKS LIKE HALTER FINANCIAL IS PUTTING 1.6 Million into buying the controlling interest in SRLT and then spinning off SUPREME HOTEL PROPERTIES AS A DIVIDEND
http://www.pinksheets.com/quote/pri...55C&symbol=SRLT
Halter Financial Investments, L.P. of Dallas, Texas has entered into a Letter of Intent with the Company setting forth the terms and conditions pursuant to which it will acquire a controlling interest, estimated to be approximately 81%, of the Company’s outstanding common stock (hereafter, “Share Purchase Transaction”). The Share Purchase Transaction is subject to the following conditions: (1) the Company transferring all of its assets and liabilities to its wholly-owned subsidiary, Supreme Hotel Properties, Inc.; (2) the Company then transferring its interest in Supreme Hotel Properties, Inc. to the Company’s existing shareholders of record, on a pro rata basis, to effectively spin-off Supreme Hotel Properties, Inc. as a separate entity; and (3) the spin-off transaction being approved by a majority of the Company’s shareholders entitled to vote thereon.
The proposed Share Purchase Transaction will necessitate the issuance of approximately 2,000,000 new shares of common stock to Halter Financial Investments, L.P. The number of shares to be issued is based on the completion of a proposed 1 for 10 reverse stock split. In addition, once the Share Purchase Transaction is concluded, all existing officers and directors of the Company will resign and nominees of Halter Financial Investments will be appointed to fill such vacancies . Following consummation of the Share Purchase Transaction, new management of the Company, using its reputation, experience, and international contacts, will seek to complete a merger or similar transaction with an operating business that will qualify the Company to have its securities listed on a major national exchange or quotation medium like the New York Stock Exchange, the American Stock Exchange, or NASDAQ.
Proceeds from the sale of the shares to Halter Financial Investments will be transferred to Supreme Hotel Properties, Inc. to be used to pay expenses related to the acquisition of hotel properties and to maintain the Company’s current business operations as assumed by Supreme Hotel Properties, Inc. The shares of Supreme Hotel Properties, Inc. distributed to the shareholders of the Company as part of the spin off will have attendant registration rights and the management of Supreme Hotel Properties, Inc. will seek to file a registration statement with the SEC to register those shares. Upon that registration becoming effective, management will then apply for listing the company’s securities on a national exchange or quotation medium.
LOOKS LIKE GREAT NEWS TO ME...........any comments
SRLT SUPREME REALTY> DIVIDEND
Srlt Supreme Realty Investments
http://www.expotel-usa.com/
LOOKS LIKE HALTER FINANCIAL IS PUTTING 1.6 Million into buying the controlling interest in SRLT and then spinning off SUPREME HOTEL PROPERTIES AS A DIVIDEND
http://www.pinksheets.com/quote/pri...55C&symbol=SRLT
Halter Financial Investments, L.P. of Dallas, Texas has entered into a Letter of Intent with the Company setting forth the terms and conditions pursuant to which it will acquire a controlling interest, estimated to be approximately 81%, of the Company’s outstanding common stock (hereafter, “Share Purchase Transaction”). The Share Purchase Transaction is subject to the following conditions: (1) the Company transferring all of its assets and liabilities to its wholly-owned subsidiary, Supreme Hotel Properties, Inc.; (2) the Company then transferring its interest in Supreme Hotel Properties, Inc. to the Company’s existing shareholders of record, on a pro rata basis, to effectively spin-off Supreme Hotel Properties, Inc. as a separate entity; and (3) the spin-off transaction being approved by a majority of the Company’s shareholders entitled to vote thereon.
The proposed Share Purchase Transaction will necessitate the issuance of approximately 2,000,000 new shares of common stock to Halter Financial Investments, L.P. The number of shares to be issued is based on the completion of a proposed 1 for 10 reverse stock split. In addition, once the Share Purchase Transaction is concluded, all existing officers and directors of the Company will resign and nominees of Halter Financial Investments will be appointed to fill such vacancies . Following consummation of the Share Purchase Transaction, new management of the Company, using its reputation, experience, and international contacts, will seek to complete a merger or similar transaction with an operating business that will qualify the Company to have its securities listed on a major national exchange or quotation medium like the New York Stock Exchange, the American Stock Exchange, or NASDAQ.
Proceeds from the sale of the shares to Halter Financial Investments will be transferred to Supreme Hotel Properties, Inc. to be used to pay expenses related to the acquisition of hotel properties and to maintain the Company’s current business operations as assumed by Supreme Hotel Properties, Inc. The shares of Supreme Hotel Properties, Inc. distributed to the shareholders of the Company as part of the spin off will have attendant registration rights and the management of Supreme Hotel Properties, Inc. will seek to file a registration statement with the SEC to register those shares. Upon that registration becoming effective, management will then apply for listing the company’s securities on a national exchange or quotation medium.
LOOKS LIKE GREAT NEWS TO ME...........any comments
Gtrex Capital GRXI .008 cents
Only 23 Million Shares OUTSTANDING
GRXIQuote / GRXINews / GRXI Msg Brd / GRXIChart / GRXILiveChart
GTREX Capital Announces Delivery of First Global Travel Exchange Cheque Cards for Asia Market
E-mail or Print this story
11 August 2005, 09:26am ET
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Aug. 11, 2005--GTREX Capital, Inc. (OTCBB:GRXI) today announced that the marketing partner of subsidiary Global Travel Exchange, Inc. has received the first delivery of the Global Cheque Card in Asia. Worldwide Global Express, a Hong Kong corporation, has contracted with Global Travel Exchange, a leading provider of direct access travel distribution technology, for the marketing of Global Travel Exchange's branded cheque card in North America, Asia and Europe.
"Interest in the Global Cheque Card is extremely high, and Worldwide Global Express is preparing for an aggressive marketing effort, first in Asia and then in Europe and North America. A priority in our strategy for this segment of Global Travel Exchange's business is to initiate a multi-national chain to create more loading and transfer capabilities as well as more locations for an expanding customer base. We strongly believe that this initiative has the potential to bring significant revenue to our Global Travel Exchange subsidiary, and add value to our investment portfolio," commented Christopher Berlandier, chairman and chief executive officer of GTREX Capital, Inc.
Worldwide Global Express will use the first cards as test and presentation cards as it launches its marketing and distribution for the Global Cheque Card, beginning in 7 countries in North America, Asia and Europe, with a particular focus in the Asian market. Global Travel Exchange will receive a $30,000 per country licensing fee from Worldwide Global Express, in addition to initiation fees, monthly management fees, ATM usage fees, and loading fees.
Global Travel Exchange's Global Cheque Card will allow customers to pay for travel or any other products and services wherever the cards are accepted around the world and obtain money from automated teller machines. Graphic design and detail on the Global Travel Exchange's branded card has been completed, and the cards are expected to be produced in the next few weeks.
Mentioned Last Change
GRXI 0.009 0.001dollars or (10.00%)
"The Global Cheque Card is also the type of add-on product that carries significant cross-marketing potential with travel deals and loyalty from Asia customers that use the Global Travel Exchange's distribution platform. The cards allow these customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products," added Mr. Berlandier.
This marketing launch is one of the events on Mr. Berlandier's itinerary during his four-country trip in North America and Asia to assist with advancing the progress of several ongoing ventures for Global Travel Exchange, Inc. Mr. Berlandier has completed a visit to British Columbia, Canada, where he continued the company's due diligence process for several Vancouver-based travel businesses. He is currently in Hong Kong for his meetings with Worldwide Global Express and the launch of the debit cards, and he will also visit the Philippines and Thailand, where he will meet with other debit card and banking partners.
About GTREX Capital, Inc.
GTREX Capital, Inc. ( http://www.gtrexcapital.com ) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
CONTACT: Gemini Financial Communications
Gtrex Capital GRXI .008 cents
ONLY 23 million shares outstanding
GRXIQuote / GRXINews / GRXI Msg Brd / GRXIChart / GRXILiveChart
GTREX Capital Announces Delivery of First Global Travel Exchange Cheque Cards for Asia Market
E-mail or Print this story
11 August 2005, 09:26am ET
ALISO VIEJO, Calif.--(BUSINESS WIRE)--Aug. 11, 2005--GTREX Capital, Inc. (OTCBB:GRXI) today announced that the marketing partner of subsidiary Global Travel Exchange, Inc. has received the first delivery of the Global Cheque Card in Asia. Worldwide Global Express, a Hong Kong corporation, has contracted with Global Travel Exchange, a leading provider of direct access travel distribution technology, for the marketing of Global Travel Exchange's branded cheque card in North America, Asia and Europe.
"Interest in the Global Cheque Card is extremely high, and Worldwide Global Express is preparing for an aggressive marketing effort, first in Asia and then in Europe and North America. A priority in our strategy for this segment of Global Travel Exchange's business is to initiate a multi-national chain to create more loading and transfer capabilities as well as more locations for an expanding customer base. We strongly believe that this initiative has the potential to bring significant revenue to our Global Travel Exchange subsidiary, and add value to our investment portfolio," commented Christopher Berlandier, chairman and chief executive officer of GTREX Capital, Inc.
Worldwide Global Express will use the first cards as test and presentation cards as it launches its marketing and distribution for the Global Cheque Card, beginning in 7 countries in North America, Asia and Europe, with a particular focus in the Asian market. Global Travel Exchange will receive a $30,000 per country licensing fee from Worldwide Global Express, in addition to initiation fees, monthly management fees, ATM usage fees, and loading fees.
Global Travel Exchange's Global Cheque Card will allow customers to pay for travel or any other products and services wherever the cards are accepted around the world and obtain money from automated teller machines. Graphic design and detail on the Global Travel Exchange's branded card has been completed, and the cards are expected to be produced in the next few weeks.
Mentioned Last Change
GRXI 0.009 0.001dollars or (10.00%)
"The Global Cheque Card is also the type of add-on product that carries significant cross-marketing potential with travel deals and loyalty from Asia customers that use the Global Travel Exchange's distribution platform. The cards allow these customers access to unique and affordable travel packages and inventory across the globe, as well as providing savings for users who order additional branded cards, including as a membership card with loyalty features such as discounts on travel products," added Mr. Berlandier.
This marketing launch is one of the events on Mr. Berlandier's itinerary during his four-country trip in North America and Asia to assist with advancing the progress of several ongoing ventures for Global Travel Exchange, Inc. Mr. Berlandier has completed a visit to British Columbia, Canada, where he continued the company's due diligence process for several Vancouver-based travel businesses. He is currently in Hong Kong for his meetings with Worldwide Global Express and the launch of the debit cards, and he will also visit the Philippines and Thailand, where he will meet with other debit card and banking partners.
About GTREX Capital, Inc.
GTREX Capital, Inc. ( http://www.gtrexcapital.com ) is a Business Development Company pursuant to the Investment Company Act of 1940 whose core focus is to assemble an investment portfolio of investments into businesses related to the travel industry.
Its initial portfolio investment, Global Travel Exchange, Inc., has launched its Voyager Network travel distribution platform, which provides a service that enables direct access to reservation systems of major travel suppliers such as airlines, cruise lines, hotels, car rental companies and providers of other travel amenities. Through the Voyager Network searches for the availability and price for the itinerary suggested by the buyer over all direct connected suppliers and existing Global Distribution Systems (GDS), Global Travel Exchange presents the results in an easy to understand format. Besides improved brand and revenue management, suppliers save distribution costs while providing efficient service to major customers through a direct connection. Global Travel Exchange is positioned to market its services through travel distribution partners, contributing to the expansion of the Company's marketing channels and expedite revenue growth.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of GTREX Capital, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
CONTACT: Gemini Financial Communications
Do Cell Phones Cause Brain Tumors [see Study] FEMO .024 cents
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
Do Cell Phones Cause Brain Tumors [see Study] FEMO .024 cents
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
Do Cell Phones Cause Brain Tumors [see Study] FEMO .024 cents
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
Do Cell Phones Cause Brain Tumors [see Study] FEMO .024 cents
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
Do Cell Phones Cause Brain Tumors [see Study] turn speakers on
--------------------------------------------------------------------------------
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
Do Cell Phones Cause Brain Tumors [see Study] turn speakers on
--------------------------------------------------------------------------------
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
FEMO .024 Cents
-----------------------------------------------------------------
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
-----
FEMO .024 Cents
-----------------------------------------------------------------
http://www.bioprotechnology.com/au/
FemOne, Inc., a publicly held Nevada Corporation, announced that it has successfully finished testing, and is getting ready to launch new applications for its revolutionary quantum-physics based technology named "BIOTRON".
Chairman Ray W. Grimm is excited about the new developments: "Based on the sales success of the first practical application of our technology, the BIOTRON Cell-Phone chip, people have been asking us about other BIOTRON-powered products that will help protect them and their loved ones from the harmful effects of electro-pollution.
We are answering that call. " The two newest products carrying the BIOTRON technology will be the BIOTRON Car Chip and the BIOTRON Home Phone Chip.
The Home Phone Chip is a natural extension of the product line, since many households have more than one stationary or cordless phone, both emitting EMF-fields similar in strength to those of cell-phones. "The EMF inside your house or office is tremendous, lots of it coming from the phones used inside," adds Grimm. "Our technology has the ability to neutralize these threats, which is tremendous for the quality of life of people living there."
With the Car Chip, BioPro Technology reacts to recent studies and reports showing that highly sophisticated electronics equipment in modern cars such as navigation systems, seat heaters, etc. pose major health-threats to drivers around the world. "With people spending more and more time in their cars, and cars getting increasingly high-tech, the EMF-exposure in them is tremendous. A car is like a faradaic cage that traps EMF, making it a perfect target for our revolutionary technology," adds Grimm. "The BIOTRON Car Chip will enable drivers to have peace of mind, knowing that the EMF inside their cars is neutralized."
Through the new products, BioPro's growing sales-force will have access to over 200 million households and car owners in North America. The new products will be ready for sale by early May 2004. "With the growing acceptance of our BIOTRON technology and the public's increased awareness of the danger of EMFs, our company is in a very enviable position to take advantage of this tremendous market need. Our sales force is excited that they are about to have access to new, powerful products carrying the same, groundbreaking technology," adds Grimm.
FemOne, Inc. is a Carlsbad, California based direct-selling company with distribution in the United States and Canada. More information about FemOne and its products can be found on the company's web site at http://www.femone.com, or by calling FemOne Inc. at (760) 448-2498. You may also contact investor relations at FEMO@investorgrowth.com or at (760) 944-7582.
NASDAQ STOCK SYMBOL OTCBB FEMO
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
4/7/05
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
Health Discovery Corporation, to Present "New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/comp_info.asp?symbol=HDVY
New Validated Biomarker Discovery for Prostate Cancer and BPH" at Biomarkers Europe 2005 in London, England
http://www.stockhouse.com/news/news.asp?newsid=2714566&tick=HDVY
http://www.stockhouse.com/news/news.asp?newsid=2708796&tick=HDVY
http://www.stockhouse.com/news/news.asp?newsid=2699967&tick=HDVY
BDCI LOOKS like funding in place. Also like the credentials of the new board member.
BDC Capital, Inc. Announces New Board Member
MINNEAPOLIS, MN -- 03/16/2005 -- BDC Capital, Inc. (OTC BB: BDCI) announced today that Dan Janisch, President and CEO of Black Diamond Capital, a private equity firm based in Minneapolis, Minnesota, has joined BDC's Board of Directors.
"I'm pleased that Dan is joining our board," said Richard Pomije, president and CEO of BDC Capital. "Dan brings a valuable operational perspective to our board, and will add a strong, independent voice to our corporate governance structure moving forward."
Janisch, 57, has more than 30 years of experience in business strategy development and operational execution in a wide range of industries, including manufacturing, technology, telecommunications, professional service, distribution and healthcare ranging from privately held emerging firms to Fortune 500 companies. He has led the start-up and sale of two companies, and held corporate and or operational positions with Holiday Inns International, Honeywell Inc. and Cray Research.
As president of Black Diamond Capital, Janisch is responsible for raising capital, due diligence, strategic acquisitions and operational oversight of portfolio companies. Prior to Black Diamond he was a Vice President, Strategic Advisory & Turnaround group, of one of the top five turnaround firms in the U.S.
Janisch succeeds Steve Peacock, founding partner of Javelin Advisory Group, a business consulting company that specializes in small-cap public companies.
"I want to thank Steve for his valuable help in guiding our company through its conversion to a business development company," Pomije said.
About BDC Capital, Inc.
BDC Capital, Inc., based in Burnsville, MN, is a Business Development Company under Section 54 of the Investment Company Act of 1940. BDC was established December 10, 2004, with the purpose of building an investment portfolio consisting of revenue generating assets and emerging companies well-positioned for future growth. The company's web site is at http://www.bdccapital.com/.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
Contact:
Tony Carideo
(612) 317-2880
E-mail: tony@carideogroup.com
investors@bdccapital.com
BDCI .03 cents LOW FLOATER
BDC Capital, Inc. Receives First Round Financing and $16.5 Million Equity Line
3/24/05
MINNEAPOLIS, MN, Mar 24, 2005 (MARKET WIRE via COMTEX) --
BDC Capital, Inc. (OTC BB: BDCI) announced today that it has received first-round funding of $725,000 followed by a $16.5 million equity line from new and existing investors.
BDC Capital signed agreements for the equity line in February. Under the terms of the agreement, BDC Capital may elect to receive as much as $16.5 million from the investors in common stock purchases over the next two years.
"The financing is an important step for BDC Capital," said Richard Pomije, BDC's Chief Executive Officer. "It enables us to accelerate our development efforts and will position us to acquire a strategically related firm or technology that will build our critical mass."
BDC Capital recently announced the initial structure of its investment portfolio and its plans to make additional synergistic acquisitions, positioning the company to provide value to its shareholders.
About BDC Capital, Inc.
BDC Capital, Inc., based in Burnsville, MN, is a Business Development Company under Section 54 of the Investment Company Act of 1940. BDC was established December 10, 2004, with the purpose of building an investment portfolio consisting of revenue generating assets and emerging companies well-positioned for future growth. The company's web site is at http://www.bdccapital.com/.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
Tony Carideo (612) 317-2880 E-mail: tony@carideogroup.com Or investors@bdccapital.com The Carideo Group Inc. 1050 One Financial Plaza 120 South Sixth Street Minneapolis, Minnesota 55402
SOURCE: BDC Capital, Inc.
BDCI .03 cents Low floater
BDC Capital, Inc. Receives First Round Financing and $16.5 Million Equity Line
3/24/05
MINNEAPOLIS, MN, Mar 24, 2005 (MARKET WIRE via COMTEX) --
BDC Capital, Inc. (OTC BB: BDCI) announced today that it has received first-round funding of $725,000 followed by a $16.5 million equity line from new and existing investors.
BDC Capital signed agreements for the equity line in February. Under the terms of the agreement, BDC Capital may elect to receive as much as $16.5 million from the investors in common stock purchases over the next two years.
"The financing is an important step for BDC Capital," said Richard Pomije, BDC's Chief Executive Officer. "It enables us to accelerate our development efforts and will position us to acquire a strategically related firm or technology that will build our critical mass."
BDC Capital recently announced the initial structure of its investment portfolio and its plans to make additional synergistic acquisitions, positioning the company to provide value to its shareholders.
About BDC Capital, Inc.
BDC Capital, Inc., based in Burnsville, MN, is a Business Development Company under Section 54 of the Investment Company Act of 1940. BDC was established December 10, 2004, with the purpose of building an investment portfolio consisting of revenue generating assets and emerging companies well-positioned for future growth. The company's web site is at http://www.bdccapital.com/.
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. BDC Capital, Inc. undertakes no obligation to update any such statements to reflect actual events.
Tony Carideo (612) 317-2880 E-mail: tony@carideogroup.com Or investors@bdccapital.com The Carideo Group Inc. 1050 One Financial Plaza 120 South Sixth Street Minneapolis, Minnesota 55402
SOURCE: BDC Capital, Inc.
ARME The 40 to 1 reverse split scared me off on this one
AMRE -- AmeriResource Technologies, Inc.
Com ($0.0001)(New)
SCHEDULE 14C INFORMATION (DEF 14C/A)
INFORMATION STATEMENT PURSUANT TO SECTION 14(C)
OF THE SECURITIES EXCHANGE ACT OF 1934
Commission File Number: 000-20033
Check the appropriate box:
[ ] Preliminary Information Statement
[ __ ] Confidential, for Use of the Commission Only (as permitted by Rule 14c-5(d) (2))
[ X ] Definitive Information Statement
AMERIRESOURCE TECHNOLOGIES, INC.
(Name of Registrant as Specified in Charter)
Payment of Filing Fee (Check the appropriate box):
[ X ] No fee required
[ __] Fee computed on table below per Exchange Act Rules 14c-5(g) and O-11
1) Title of each class of securities to which transaction applies:
2) Aggregate number of securities to which transaction applies:
3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule O-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):
4) Proposed maximum aggregate value of transaction:
5) Total fee paid:
[ __ ] Fee paid previously with preliminary materials.
[ __ ] Check box if any part of the fee is offset as provided by Exchange Act Rule O-11(a) (2) and identifies the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.
1) Amount Previously Paid:
2) Form Schedule or Registration Statement No.:
3) Filing Party:
4) Date Filed:
AMERIRESOURCE TECHNOLOGIES, INC.
3430 E. Russell Road
SUITE 317
LAS VEGAS, NV 89210
NOTICE OF ACTIONS TAKEN BY WRITTEN CONSENT
OF MAJORITY OF STOCKHOLDERS
TO OUR STOCKHOLDERS:
Please be advised that a majority of the holders of stock entitled to be voted have by written consent on October 27, 2004 acted upon and approved the following proposal, as described in the accompanying Information Statement:
1. Amend the Company's Articles of Incorporation to increase by 2,000,000,000 shares from 1,000,000,000 shares to 3,000,000,000 shares; the number of shares of the Company's authorized common stock.
2. Grant the Board of Directors the discretionary authority to effectuate up to a 1-for-40 reverse split of the Company's Common Stock.
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY.
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INFORMATION STATEMENT
INTRODUCTION
This information statement is being mailed or otherwise furnished to Stockholders of AmeriResource Technologies, Inc.; a Delaware corporation (the "Company") to advise them of certain actions taken by a majority of the holders of Common Stock entitled to be voted. Such actions were taken by written consent on October 27, 2004, to be effective on December 8, 2004.
This information statement is being first sent to Stockholders on or about November 18, 2004.
ACTIONS TAKEN BY WRITTEN CONSENT
The following actions were taken by a majority of the holders of Common Stock entitled to be voted. Such actions were taken by written consent on October 27, 2004, (the "Proposal"):
1. Amend the Company's Articles of Incorporation to increase by 2,000,000,000 shares from 1,000,000,000 shares to 3,000,000,000 shares; the number of shares of the Company's authorized common stock.
2. Grant the Board of Directors the discretionary authority to effectuate up to a 1-for-40 reverse split of the Company's Common Stock within one hundred eighty (180) days following December 8, 2004, the effective date of the resolution adopted by the Board of Directors which is the subject of this action as set forth in the Proposal.
VOTE REQUIRED
The vote which was required to approve the above Proposal was the affirmative vote of the holders of a majority of the Company's voting stock. Each holder of Common Stock is entitled to one (1) vote for each share held.
The record date for purposes of determining the number of outstanding shares of voting Stock of the Company, and for determining Stockholders entitled to vote, was the close of business on November 2, 2004 (the "Record Date"), the business day after the Board of Directors of the Company adopted the resolution approving and recommending Proposal. As of the Record Date, the Company had outstanding 925,130,737 shares of Common Stock and the following shares of preferred stock:
Preferred Class
Number Outstanding
Voting Power per One Share of Preferred Stock
Class A Preferred
131,275
1 vote
Class B Preferred
177,012
1 vote
Class C Preferred
1,000,000
625 votes
Class D Preferred
250,000
5 votes
Holders of the shares have no preemptive rights. All outstanding shares are fully paid and nonassessable.
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VOTE OBTAINED - SECTION 228 DELAWARE GENERAL CORPORATION LAW
Section 228 of the Delaware General Corporation Law (the "Delaware Law") provides that the written consent of the holders of the outstanding shares of voting stock, having not less than the minimum number of votes which would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted, may be substituted for such a meeting.
Pursuant to Section 242 of the Delaware General Corporation Law, a majority of the outstanding voting shares of stock entitled to vote thereon is required in order to amend the Articles of Incorporation or to approve a reverse split of Common Stock of the Company. In order to eliminate the costs and management time involved in having a special meeting of Stockholders and obtaining proxies and in order to effect the Proposals as early as possible in order to accomplish the purposes of the Company as hereafter described, the Board of Directors of the Company voted to utilize, and did in fact obtain, the written consent of the holders of a majority of the voting power of the Company.
Pursuant to Section 228(e) of the Delaware General Corporation Law, the Company is required to provide prompt notice of the taking of the corporate action without a meeting of the Stockholders of record who have not consented in writing to such action. This Information Statement is intended to provide such notice. No dissenters' or appraisal rights under the Delaware Law are afforded to the Company's Stockholders as a result of the approval of the Proposal.
PROPOSAL ONE
AMEND THE COMPANY'S ARTICLES OF INCORPORATION
TO INCREASE THE NUMBER OF SHARES OF COMMON STOCK AUTHORIZED
On October 25, 2004, the Board of Directors of the Company approved, declared it advisable and in the Company's best interests and directed that there be submitted to the holders of a majority of the Company's Common Stock for action by written consent the proposed amendment to Article 4 of the Company's Articles of Incorporation to increase the number of authorized shares of Common Stock from 1,000,000,000 to 3,000,000,000, such proposal to be effective on December 8, 2004. A copy of the proposed amendment has been attached hereto as Exhibit A.
Purpose and Effect of the Amendment
In the opinion of the Company's Board of Directors, the additional authorized shares of Common Stock will benefit the company by providing flexibility to the Board of Directors, without requiring further action or authorization by the stockholders (except as may be required by applicable law or stock exchange requirements) to issue additional shares of Common Stock from time to time to respond to business needs and opportunities as they arise, or for other proper corporate purposes. These needs, opportunities and purposes might include, for example obtaining capital funds through public and private offerings of shares of Common Stock or securities convertible into shares of Common Stock and using shares of Common Stock in connection with structuring possible acquisitions of businesses and assets. Additionally, the Board of Directors, in its discretion, could in the future declare stock splits or stock dividends or, subject to stockholder approval, increase, establish or extend stock option or stock award plans. The Company may evaluate potential acquisitions from time to time. No stock splits, dividends or other actions requiring the availability of the additional authorized shares of Common Stock are currently planned.
Increasing the number of authorized share of Common Stock will not have any immediate effect on the rights of current stockholders. However, the Board of Directors will have the authority to issue authorized shares of Common Stock without requiring future stockholder approval of those issuances (except as may be required by applicable law or stock exchange requirements). If the Board of Directors determines that an issuance of shares of the Company's Common Stock is in the best interests of the Company and its Stockholders, the issuance of additional shares could have the effect of diluting the earning per share or the book value per share of the outstanding shares of Common Stock or the stock ownership or voting rights of a stockholder. The holders of the Company's Common Stock have no preemptive right to purchase any of the additional shares of Common Stock when issued.
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Potential Anti-Takeover Effect
The increase in the number of authorized shares of Common Stock and the subsequent issuance of all or a portion of those shares could have the effect of delaying or preventing a change of control of the Company without further action by the stockholders. Subject to applicable law and stock exchange requirements, the Company could issue shares of authorized and unissued Common Stock in one more transaction that would make a change of the control of the Company more difficult and therefore less likely. Any issuance of additional shares could have the effect of diluting the earnings per share and book value per share of the outstanding shares of Common Stock or the stock ownership and voting rights of a person seeking to obtain control of the Company. The Company is not aware of any pending or proposed transaction involving a change of control of the Company. The Company has conducted preliminary discussions with several corporations regarding an acquisition however no definitive agreements have been entered into.
PROPOSAL TWO
GRANT THE BOARD OF DIRECTORS THE DISCRETIONARY AUTHORITY TO EFFECTUATE A REVERSE SPLIT OF COMPANY'S COMMON STOCK
On October 25, 2004, the Board of Directors of the Company approved, declared it advisable and in the Company's best interests and directed that there be submitted to the holders of a majority of the Company's Common Stock for action by written consent the proposal to have the stockholders grant to the Board of Directors the discretionary authority to effectuate up to a 1-for-40 (1:40) reverse split of the Company's Common Stock, provided that any such action by the Board of Directors to effectuate such a reverse split must to approved by the Board of Directors within the period ending one hundred eighty (180) days following December 8, 2004, the effective date of the proposal.
The Board of Directors believes that it is advisable and in the Company's best interests to that the Board of Directors be given the authority to effectuate up to a 1-for-40 reverse split of the Company's Common Stock for several reasons. One reason is that such a reverse split would increase the price of the Company's traded Common Stock, which the Board believes would foster confidence in the Company and assist it in obtaining financing on more favorable terms than otherwise might be available
Another projected benefit of the reverse split would be a very substantial reduction in the transaction costs associated with trading in the Company's Common Stock. In most cases, trading costs include both "brokers" trading commissions and the "indirect cost" of "dealer markup," that is, the difference between the buying and selling prices of dealers in a given stock (the "bid-ask spread").
Further, the Board of Directors believes that the reduction in the number of common shares outstanding, without any corresponding material alteration in the economic composition of the Company or the relative interests of the securities holders would, thus, likely enhance the public and institutional perception of the Company's Common Stock and thus increase investor interest. However, no assurance can be given that the market price of the Common Stock will increase in direct proportion to the ratio of the reverse split. A failure of the stock's trading price to completely reflect the mathematics of a reverse split would result in a reduction in the market value of the Company's securities, but, on the other hand, it is no less likely that the reverse split may result in a disproportionately increased value of the market value of the Company's Common Stock.
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There can be no assurance that the total market capitalization of the Common Stock after a reverse split will be equal to the total market capitalization before the reverse split or that the market price following the reverse split will either exceed or remain in excess of the current market price.
Potential Effects of the Reverse Stock Split
Pursuant to any such Reverse Stock Split, each holder of shares of our Common Stock (the "Old Common Stock") immediately prior to the effectiveness of the Reverse Stock Split will become the holder of fewer shares of our Common Stock (the "New Common Stock") after consummation of the Reverse Stock Split. Although the Reverse Stock Split, will not, by itself, impact our assets or properties, the Reverse Stock Split could result in a decrease in the aggregate market value of our equity capital. The Reverse Stock Split will not result in some Stockholders owning "odd-lots." No fractional shares shall be issued as a result of such recombination. In the event that the Reverse Stock Split would result in one or more share shareholders receiving a fractional share, in such case each fractional share shall be rounded up to the next whole number.
All outstanding options, warrants, rights and convertible securities would be appropriately adjusted for a Reverse Stock Split automatically on the effective date of a Reverse Stock Split. A Reverse Stock Split would affect all Stockholders equally and would not affect any Stockholder's proportionate equity interest in us. None of the rights currently accruing to holders of the Common Stock, options or warrants to purchase Common Stock or securities convertible into Common Stock would be affected by a Reverse Stock Split. Following a Reverse Stock Split, each share of New Common Stock would entitle the holder thereof to one vote per share and would otherwise be identical to one share of the Old Common Stock.
We are currently authorized to issue a maximum of 1,000,000,000 shares of Common Stock, but are increasing that number to 3,000,000,000, as discussed above. Although the number of authorized shares of Common Stock would not change as a result of the Reverse Stock Split, the number of shares of Common Stock issued and outstanding would be reduced to a number that would be approximately equal to (a) the number of shares of Common Stock issued and outstanding immediately prior to the effectiveness of a Reverse Stock Split, divided by (b) the appropriate number in accordance with the ratio of the Reverse Stock Split, plus any single shares given in lieu of fractional shares. With the exception of the number of shares issued and outstanding, the rights and preference of the shares of Common Stock prior and subsequent to the Reverse Stock Split would remain the same. It is not anticipated that our financial condition, the percentage ownership of management, the number of our Stockholders or any aspect of our business would materially change as a result of a Reverse Stock Split. Our Common Stock is currently registered under Section 12(g) of the Exchange Act, and as a result, we are subject to the periodic reporting and other requirements of the Exchange Act. A Reverse Stock Split would not be the first step in, and would not have the effect of, a "going private transaction" covered by Rule 13e-3 under the Exchange Act. Additionally, a Reverse Stock Split would not affect the registration of our Common Stock under the Exchange Act as we would continue to be subject to the Exchange Act's periodic reporting requirements.
Increase of Shares of Common Stock Available for Future Issuance
As a result of a Reverse Stock Split, there will be a reduction in the number of shares of our Common Stock issued and outstanding and an associated increase in the number of authorized shares which would be unissued and available for future issuance after a Reverse Stock Split (the "Increased Available Shares"). The Increased Available Shares would be used for any proper corporate purpose approved by the Board including, among others, future financing transactions.
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Effectiveness of Reverse Stock Split
Commencing on the date of a Reverse Stock Split, each Old Common Stock certificate would be deemed for all corporate purposes to evidence ownership of the reduced number of shares of Common Stock resulting from a Reverse Stock Split. As soon as practicable after the filing date, Stockholders would be notified as to the effectiveness of the Reverse Stock Split and instructed as to how and when to surrender their certificates representing shares of Old Common Stock in exchange for certificates representing shares of New Common Stock and to receive cash in lieu of fractional shares, if applicable.
By order of the Board of Directors, at Las Vegas, Nevada on October 27, 2004.
By: /s/ Delmar Janovec
Name: Delmar Janovec
Title: President
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EXHIBIT A
CERTIFICATE of AMENDMENT of
CERTIFICATE of INCORPORATION
Of AMERIRESOURCE TECHNOLOGIES