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BLLN just getting started IMHO. Launch is Sunday. Next week could be great.
BLLN, so nice. Next week could be special for this one because of the upcoming launch.
BLLN, nice! Next week could be big for this one.
BLLN, big launch in a couple days, read the BLLN board, watch the news video below...social networking site for music, partnering with SONY, EMI, etc.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26275865
Wow, watch the video news report! Nice!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=26275865
BLLN, yes, been holding waiting for the launch which reportedly is next week. Read the BLLN board...a social networking site for music with some major partners...could be a good one.
Happy New Year everyone!
COBN up 140% on very small volume.
COBN up 140% on tiny volume.
Up 140% so far today...watching this one.
Merry Christmas, have fun!
BCIT, yep, should get very interesting...been waiting for this!
I've been holding as well...think there are quite a few others who just watch and don't post.
BCIT started trading today! As high as .15! Unreal. Merry Christmas!
BCIT started trading! High of .15 today...unreal! Merry Christmas...on watch for Monday.
POTP NASDAQ Panel Grants Request of Point Therapeutics for Continued Listing on NASDAQ Capital Market
WELLESLEY HILLS, Mass., Dec 17, 2007 (BUSINESS WIRE) -- Point Therapeutics, Inc.
(POTP) today announced that the NASDAQ Listing Qualifications Panel (the "Panel")
has granted Point's request for the continued listing of its securities on The
NASDAQ Capital Market. Point's continued listing is subject to the satisfaction
of certain conditions by January 30, 2008, including completion of the
previously-announced merger between Point and DARA BioSciences, Inc. ("DARA") and
approval of the NASDAQ initial listing application filed by Point and DARA on
October 26, 2007.
As previously announced on September 17, 2007, Point received a determination
letter from the NASDAQ Listing Qualifications Staff (the "Staff") indicating that
Point's securities were subject to delisting from The NASDAQ Capital Market
because Point did not meet the $1 minimum share price requirement for continued
listing and Point's cessation of clinical and research operations rendered it, in
the opinion of the Staff, a "public shell," or non-operating company. As
announced on November 19, 2007, the Staff also subsequently notified Point that
it did not meet the $2.5 million stockholders' equity requirement for continued
listing. Point participated in a hearing before the Panel on November 1, 2007, at
which Point requested continued listing of its common stock, pending completion
of the merger with DARA. On December 12, 2007, the Panel issued a decision
granting Point's request.
Should Point be unable to meet the requirements set forth in the Panel's
decision, there can be no assurance that NASDAQ will grant Point an additional
extension of time to comply or that Point's securities will continue to be listed
on The NASDAQ Capital Market.
About Point Therapeutics, Inc.:
Point Therapeutics, Inc. is a biopharmaceutical company which has studied its
lead product candidate, talabostat, in a number of human clinical trials in
late-stage cancers. In May 2007, interim clinical results caused Point's
Independent Data Monitoring Committee to recommend stopping Point's two Phase 3
talabostat studies for patients in advanced non-small cell lung cancer.
Subsequently, the talabostat clinical development program was put on clinical
hold by the U.S. Food and Drug Administration. Point has also studied talabostat
in several Phase 2 trials, including as a single-agent and in combination with
cisplatin in metastatic melanoma, in combination with rituximab in advanced
chronic lymphocytic leukemia, in combination with gemcitabine in Stage IV
pancreatic cancer, and in combination with docetaxel in non-small cell lung
cancer. Due to cash limitations, Point is not currently funding any internal
research or clinical operations.
On October 9, 2007, Point entered into a definitive agreement to merge with DARA.
Pursuant to the merger agreement, DARA will merge with DP Acquisition Corp., a
newly-formed subsidiary of Point, with DARA surviving as a wholly-owned
subsidiary of Point. After giving effect to the merger, DARA stockholders will
hold 96.4% of the combined company's outstanding shares of common stock on a
fully-diluted basis, and Point will change its name to DARA BioSciences, Inc. and
be based in Raleigh, North Carolina. For information regarding the proposed
merger, please refer to the registration statement on Form S-4, containing a
joint proxy statement/prospectus and other relevant materials, filed by Point
with the Securities and Exchange Commission on November 26, 2007.
Point and DARA acknowledge that the proposed merger will qualify as a "reverse
merger" under NASDAQ Marketplace Rule 4340. As a result, although Point's common
stock is currently listed on The NASDAQ Capital Market, as noted above, the
combined entity will be required to meet the NASDAQ requirements for initial
listing upon consummation of the merger in order to maintain its listing on The
NASDAQ Capital Market.
Certain statements contained herein are not strictly historical and are "forward
looking" statements as defined in the Private Securities Litigation Reform Act of
1995. Forward-looking statements are statements that are not historical facts,
and can be identified by, among other things, the use of forward-looking
language, such as "believes," "feels," "expects," "may," "will," "projects,"
"should," "seeks," "plans," "schedules to," "anticipates" or "intends" or the
negative of those terms, or other variations of those terms of comparable
language, or by discussions of strategy or intentions. A number of important
factors could cause actual results to differ materially from those projected or
suggested in the forward looking statements due to risks and uncertainties to
which Point is subject, and other factors that are described in Form 10-Q filed
with the Securities and Exchange Commission on November 9, 2007, and from time to
time in Point's other reports filed with the Securities and Exchange Commission.
Additional Information
In connection with the merger between DARA and Point, on November 26, 2007, Point
filed with the SEC a registration statement on Form S-4, containing a joint proxy
statement/prospectus and other relevant materials. INVESTORS AND SECURITY HOLDERS
OF DARA AND POINT ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS AND THE
OTHER RELEVANT MATERIALS BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT DARA,
POINT AND THE MERGER. The joint proxy statement/prospectus and other relevant
materials and any other documents filed by Point with the SEC, may be obtained
free of charge at the SEC's web site at http://www.sec.gov. In addition,
investors and security holders may obtain free copies of the documents filed with
the SEC by Point by directing a request to: Point Therapeutics, Inc., 70 Walnut
Street, Wellesley Hills, MA 02481, Attention: Investor Relations.
Point and its executive officers and directors may be deemed to be participants
in the solicitation of proxies from the stockholders of Point in favor of the
merger. Information about the executive officers and directors of Point and their
ownership of Point common stock is set forth in Point's Annual Report on Form
10-K/A filed with the SEC on April 30, 2007. Investors and stockholders may
obtain more detailed information regarding the direct and indirect interests of
DARA, Point and their respective executive officers and directors in the merger
by reading the joint proxy statement/prospectus regarding the merger.
SOURCE: Point Therapeutics, Inc.
Point Therapeutics, Inc.
Michael Duffy, 781-239-7503
You're right. CKYS CEO was arrested for that...accused of fraud, misleading info. See the CKYS board for info.
Nice day today.
VYGO, read the great news
News for 'VYGO' - (Voyager Petroleum Announces Acquisition of High-Speed Bottling Line for Detroit Facility)
HINSDALE, Ill., Dec 5, 2007 (PrimeNewswire via COMTEX) -- Voyager Petroleum
Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announced today that its
subsidiary, Monarch Petroleum, Inc., has leased a high-speed piston-filled
bottling line for the Company's Detroit processing facility. Monarch shall have
the option to purchase the bottling line upon the expiration of the three-year
lease period. Management believes Monarch's access to its own bottling equipment
will increase productivity, boost efficiency and drastically cut costs. The
newly acquired line has the capacity to package 5,000 cases of finished product
of motor oil, ATF and other petroleum-based products per eight-hour shift and is
anticipated to be placed in use by the end of the year. Voyager is currently
leasing the facility and management anticipates that a closing to purchase the
property shall take place on December 31, 2007, provided all necessary
documentation is obtained. It is anticipated that another wholly-owned
subsidiary, 600 S. Deacon LLC, will purchase and Monarch Petroleum will operate
the Detroit facility which is 20,000 square feet and is located on 3.5 acres.
The Detroit facility encompasses a processing plant, warehouse space and offices
with railroad access and multiple loading docks. The plant houses 22 outside
storage tanks and 32 inside storage tanks with heating capabilities for a total
storage capacity of over 700,000 gallons. The Company intends to use the plant
for processing, drying, and bottling reclaimed used oil as well as blending
premium oil.
Sebastien C. DuFort, Voyager's President stated, "With three of our biggest
customers in the Detroit Metro area, we look forward to better serving both
their packaging and processing needs in the very near future."
About Voyager Petroleum
Voyager Petroleum seeks to acquire reputable middle market petroleum based
lubricant companies and/or facilities that are capable of refining, blending,
bottling, and distributing to the automotive and manufacturing after market.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the
Company's expectations or beliefs, including, but not limited to, statements
concerning plans, growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may, will, expect,
anticipate, intend, could, estimate, or continue or the negative or other
variations thereof or comparable terminology. Any statements contained in this
press release that are not statements of historical fact may be deemed to be
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's control, and
actual results.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Voyager Petroleum, Inc.
By Staff
CONTACT: Prominence Media Corporation Investor Relations Inquiries Jelena Popovic 1.866.483.7772 vygo@prominencemediacorp.com
VYGO, nice news just out
News for 'VYGO' - (Voyager Petroleum Announces Acquisition of High-Speed Bottling Line for Detroit Facility)
HINSDALE, Ill., Dec 5, 2007 (PrimeNewswire via COMTEX) -- Voyager Petroleum
Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announced today that its
subsidiary, Monarch Petroleum, Inc., has leased a high-speed piston-filled
bottling line for the Company's Detroit processing facility. Monarch shall have
the option to purchase the bottling line upon the expiration of the three-year
lease period. Management believes Monarch's access to its own bottling equipment
will increase productivity, boost efficiency and drastically cut costs. The
newly acquired line has the capacity to package 5,000 cases of finished product
of motor oil, ATF and other petroleum-based products per eight-hour shift and is
anticipated to be placed in use by the end of the year. Voyager is currently
leasing the facility and management anticipates that a closing to purchase the
property shall take place on December 31, 2007, provided all necessary
documentation is obtained. It is anticipated that another wholly-owned
subsidiary, 600 S. Deacon LLC, will purchase and Monarch Petroleum will operate
the Detroit facility which is 20,000 square feet and is located on 3.5 acres.
The Detroit facility encompasses a processing plant, warehouse space and offices
with railroad access and multiple loading docks. The plant houses 22 outside
storage tanks and 32 inside storage tanks with heating capabilities for a total
storage capacity of over 700,000 gallons. The Company intends to use the plant
for processing, drying, and bottling reclaimed used oil as well as blending
premium oil.
Sebastien C. DuFort, Voyager's President stated, "With three of our biggest
customers in the Detroit Metro area, we look forward to better serving both
their packaging and processing needs in the very near future."
About Voyager Petroleum
Voyager Petroleum seeks to acquire reputable middle market petroleum based
lubricant companies and/or facilities that are capable of refining, blending,
bottling, and distributing to the automotive and manufacturing after market.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the
Company's expectations or beliefs, including, but not limited to, statements
concerning plans, growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may, will, expect,
anticipate, intend, could, estimate, or continue or the negative or other
variations thereof or comparable terminology. Any statements contained in this
press release that are not statements of historical fact may be deemed to be
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's control, and
actual results.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Voyager Petroleum, Inc.
By Staff
CONTACT: Prominence Media Corporation Investor Relations Inquiries Jelena Popovic 1.866.483.7772 vygo@prominencemediacorp.com
VYGO, nice news just out
News for 'VYGO' - (Voyager Petroleum Announces Acquisition of High-Speed Bottling Line for Detroit Facility)
HINSDALE, Ill., Dec 5, 2007 (PrimeNewswire via COMTEX) -- Voyager Petroleum
Inc. (OTCBB:VYGO) (Frankfurt:DXD) is pleased to announced today that its
subsidiary, Monarch Petroleum, Inc., has leased a high-speed piston-filled
bottling line for the Company's Detroit processing facility. Monarch shall have
the option to purchase the bottling line upon the expiration of the three-year
lease period. Management believes Monarch's access to its own bottling equipment
will increase productivity, boost efficiency and drastically cut costs. The
newly acquired line has the capacity to package 5,000 cases of finished product
of motor oil, ATF and other petroleum-based products per eight-hour shift and is
anticipated to be placed in use by the end of the year. Voyager is currently
leasing the facility and management anticipates that a closing to purchase the
property shall take place on December 31, 2007, provided all necessary
documentation is obtained. It is anticipated that another wholly-owned
subsidiary, 600 S. Deacon LLC, will purchase and Monarch Petroleum will operate
the Detroit facility which is 20,000 square feet and is located on 3.5 acres.
The Detroit facility encompasses a processing plant, warehouse space and offices
with railroad access and multiple loading docks. The plant houses 22 outside
storage tanks and 32 inside storage tanks with heating capabilities for a total
storage capacity of over 700,000 gallons. The Company intends to use the plant
for processing, drying, and bottling reclaimed used oil as well as blending
premium oil.
Sebastien C. DuFort, Voyager's President stated, "With three of our biggest
customers in the Detroit Metro area, we look forward to better serving both
their packaging and processing needs in the very near future."
About Voyager Petroleum
Voyager Petroleum seeks to acquire reputable middle market petroleum based
lubricant companies and/or facilities that are capable of refining, blending,
bottling, and distributing to the automotive and manufacturing after market.
Forward-Looking Statements
This press release contains forward-looking statements, which represent the
Company's expectations or beliefs, including, but not limited to, statements
concerning plans, growth and strategies, which include, without limitation,
statements preceded or followed by or that include the words may, will, expect,
anticipate, intend, could, estimate, or continue or the negative or other
variations thereof or comparable terminology. Any statements contained in this
press release that are not statements of historical fact may be deemed to be
forward-looking statements. These statements by their nature involve substantial
risks and uncertainties, some of which are beyond the Company's control, and
actual results.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Voyager Petroleum, Inc.
By Staff
CONTACT: Prominence Media Corporation Investor Relations Inquiries Jelena Popovic 1.866.483.7772 vygo@prominencemediacorp.com
(
EAGM up today, 10x more than the 10 day average volume.
EAGM Volume UP today, more than 10x the 10 day average volume.
APDR, sounds good.
APDR, time for it to make a move, hopefully.
EFGO Reverse Merger
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Reverse Merger with Hebei Haorizi Company Ltd, a China based Company
BEIJING, Nov. 28 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) is pleased to announce that it has signed a firm and binding agreement to complete a reverse merger with Hebei Haorizi Company Ltd., a China based company.
The merger, will include both cash and stock together with $5,000,000 in special financing through existing preferred shares and common stock.
Hebei Haorizi conducts business primarily in the Hebei Province China. Haorizi translates to the equivalent of "Good Life" in English. Their Chinese corporate site can be viewed at www.haorizi.com and a new English website has been set up to provide an overview of the two merged companies at www.goodlifechina.com.
The formal press conference and the signing ceremony between Ms. Jongmei Jia and Mr. Garr Winters was held the morning of November 28th, at the headquarters of Good Life in Shijiazhuang China. The event was a major business story in the city of Shijiazhuang and press coverage was carried on Hebei TV, The Hebei Daily News, The Yanzhao Dushi Bao and Hebei radio.
Some of the attendees at the ceremony were;
- Deputy mayor of Shijiazhuang - Zhang Diankui,
- Deputy of the Secretary-General for Hebei Province - Tang hua ming;
- Mr. Chen deputy director of Beijing
- Mr Tang Min Deputy Secretary General
- Ms. Ma Yu Director of State Development Hebei Province
Mr. Johnason Xie, Vice President of Good Life advised; "We have been searching a long time for a suitable merger candidate with which to go public, and we see Esprit as a perfect match with what they bring to the table. Esprit's management team, their existing infrastructure, their technology and experience in my opinion is the best that we have seen period. We have been approached by many public companies and Esprit fits us and our vision like a custom made glove. We see this merger as a WIN-WIN proposition."
Esprit and Good Life management, estimate that the formal completion of the merger will take place as soon as the necessary filings with various authorities are completed, with a date most likely before December 31, 2007.
Good Life is one of the most successful, fastest growing, and most recognizable retail chains of Convenience style stores in Hebei Province, China (population 65 million), with 3 distribution centers servicing its 1,600 locations and over 2,000 merchant suppliers.
"Good life one of the most e-commerce and web enabled companies in China with a very comprehensive and sophisticated back office currently in operation. This is something that Good Life is extremely proud of," added Esprit consultant Mr. Robert Xu, "and rightfully so. Simply put, Good Life is very good at what they do."
The merged companies will undergo a name change, including a new ticker symbol and CUSIP number prior to December 31 2007.
Good Life has grown at a meteoric rate since it was founded in 1998. It will close the year with approximately 1,600 stores operating under the Haorizi - Good Life retail banner by year's end. Total gross sales through the chain, which is run as a franchise operation, will exceed $100 million USD,
Its five year business plan sees Chinese operations growing to 20,000 stores as it expands geographically to neighboring Provinces.
Current Esprit CEO Garr Winters will step aside after the closing of the transaction, with Good Life founder Ms. Dongmei Jia assuming the CEO role for the merged companies.
Mr. Winters added, "Dongmai Jia is an incredible, amazing and a capable woman, who has put together an impressive organization. The Esprit - Hebei Haorizi union will provide the new management with many tools already in place at Esprit such as the Check21 service and Esprit's sub prime back office utilities such as the Trust vault and the E5 system. With Good Life's infrastructure and revenue stream in place coupled with what Esprit brings to the table this should appease even the worst critics who tend to look at the share value like a slot machine rather then a long term business goal, which we have always maintained we were striving to achieve."
Good Life's advanced e-commerce enabled IT platform and back-office services for its franchised network of 1,600 Good Life convenience stores network will allow for rapid deployment of these services in a short period of time.
Good Life, will utilize Esprit's existing E5 lending system, training and back office capabilities, and plans to role out some of these new financial products together with crop insurance for farmers in its local marketing areas, in the 1st half of 2008.
Esprit CEO Garr Winters said, "We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen. This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming. In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in China are just staggering and with this merger and with Ms. Dongmei Jia in the driver's seat we see a huge upside for the company and our shareholders."
Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in China. After six months of full time communications, negotiation, and meetings the two sides agreed to cooperate in the reorganization and the merger, believing that the two sides will further expand their business, and achieve even greater development for the benefit of the shareholders. The merger of Good Life with Esprit and our current logistics, business development and rural structures will allow a rapid development of trade and financing channels for the Good Life lending business services in the rural areas. The addition and experiences of Esprit bring us new concepts, a new business model (payday loans) and advanced management techniques for building a greater company and a great organization.
In closing, Mr Winters added, "As our shareholders know, I have another key objective that I would really like to fulfill before I step down. That is to see Esprit up-list to a fully reporting Pink Sheet or OTCBB status. I only have one month left to make that happen, so we will continue pushing the pedal to the metal a bit longer." Winters adds, "I can safely say that we are currently in the final stages of making this up listing happen and we have identified several possible candidates whose proposals we are entertaining at a serious and final level. We also have several other ways to make this up list happen with internal assets of IFGX, however the management plans on reviewing all of its options and those that are the most beneficial to its current shareholders before making a final decision."
Additional news and details will be posted as they become available at; www.goodlifechina.com (English investor relations site) and www.haorizi.com (Chinese corporate site).
About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
About Good Life Group Limited.
Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group
--------------------------------------------------------------------------------
EFGO News, Reverse Merger
Esprit Financial Group Inc. (Esprit) (EFGO.PK) Announces Reverse Merger with Hebei Haorizi Company Ltd, a China based Company
BEIJING, Nov. 28 /PRNewswire-FirstCall/ - Esprit Financial Group Inc. (ESPRIT) (EFGO.PK) is pleased to announce that it has signed a firm and binding agreement to complete a reverse merger with Hebei Haorizi Company Ltd., a China based company.
The merger, will include both cash and stock together with $5,000,000 in special financing through existing preferred shares and common stock.
Hebei Haorizi conducts business primarily in the Hebei Province China. Haorizi translates to the equivalent of "Good Life" in English. Their Chinese corporate site can be viewed at www.haorizi.com and a new English website has been set up to provide an overview of the two merged companies at www.goodlifechina.com.
The formal press conference and the signing ceremony between Ms. Jongmei Jia and Mr. Garr Winters was held the morning of November 28th, at the headquarters of Good Life in Shijiazhuang China. The event was a major business story in the city of Shijiazhuang and press coverage was carried on Hebei TV, The Hebei Daily News, The Yanzhao Dushi Bao and Hebei radio.
Some of the attendees at the ceremony were;
- Deputy mayor of Shijiazhuang - Zhang Diankui,
- Deputy of the Secretary-General for Hebei Province - Tang hua ming;
- Mr. Chen deputy director of Beijing
- Mr Tang Min Deputy Secretary General
- Ms. Ma Yu Director of State Development Hebei Province
Mr. Johnason Xie, Vice President of Good Life advised; "We have been searching a long time for a suitable merger candidate with which to go public, and we see Esprit as a perfect match with what they bring to the table. Esprit's management team, their existing infrastructure, their technology and experience in my opinion is the best that we have seen period. We have been approached by many public companies and Esprit fits us and our vision like a custom made glove. We see this merger as a WIN-WIN proposition."
Esprit and Good Life management, estimate that the formal completion of the merger will take place as soon as the necessary filings with various authorities are completed, with a date most likely before December 31, 2007.
Good Life is one of the most successful, fastest growing, and most recognizable retail chains of Convenience style stores in Hebei Province, China (population 65 million), with 3 distribution centers servicing its 1,600 locations and over 2,000 merchant suppliers.
"Good life one of the most e-commerce and web enabled companies in China with a very comprehensive and sophisticated back office currently in operation. This is something that Good Life is extremely proud of," added Esprit consultant Mr. Robert Xu, "and rightfully so. Simply put, Good Life is very good at what they do."
The merged companies will undergo a name change, including a new ticker symbol and CUSIP number prior to December 31 2007.
Good Life has grown at a meteoric rate since it was founded in 1998. It will close the year with approximately 1,600 stores operating under the Haorizi - Good Life retail banner by year's end. Total gross sales through the chain, which is run as a franchise operation, will exceed $100 million USD,
Its five year business plan sees Chinese operations growing to 20,000 stores as it expands geographically to neighboring Provinces.
Current Esprit CEO Garr Winters will step aside after the closing of the transaction, with Good Life founder Ms. Dongmei Jia assuming the CEO role for the merged companies.
Mr. Winters added, "Dongmai Jia is an incredible, amazing and a capable woman, who has put together an impressive organization. The Esprit - Hebei Haorizi union will provide the new management with many tools already in place at Esprit such as the Check21 service and Esprit's sub prime back office utilities such as the Trust vault and the E5 system. With Good Life's infrastructure and revenue stream in place coupled with what Esprit brings to the table this should appease even the worst critics who tend to look at the share value like a slot machine rather then a long term business goal, which we have always maintained we were striving to achieve."
Good Life's advanced e-commerce enabled IT platform and back-office services for its franchised network of 1,600 Good Life convenience stores network will allow for rapid deployment of these services in a short period of time.
Good Life, will utilize Esprit's existing E5 lending system, training and back office capabilities, and plans to role out some of these new financial products together with crop insurance for farmers in its local marketing areas, in the 1st half of 2008.
Esprit CEO Garr Winters said, "We are tremendously excited about this merger, which takes both companies to new heights. Good Life is growing at an incredible pace, and we have been extremely impressed with their business models, as well as their incredible growth rates. I would like to thank all members of our respective teams for their commitment and diligence in making this deal happen. This merger can best be described as a gold fish swallowing a whale. The sheer size, infrastructure and upside potential of Good Life is simply overwhelming. In my opinion with this merger firmly in place the sky is the limit for our newly formed company. The opportunities in China are just staggering and with this merger and with Ms. Dongmei Jia in the driver's seat we see a huge upside for the company and our shareholders."
Good Life founder President and CEO Ms. Dongmei Jia has said we are extremely pleased with this merger as well. Although the two companies do business in 2 different countries our services are similar for the sub prime market. We both shared the vision to bring the linked businesses together through modern means of the Internet for the rural development in China. After six months of full time communications, negotiation, and meetings the two sides agreed to cooperate in the reorganization and the merger, believing that the two sides will further expand their business, and achieve even greater development for the benefit of the shareholders. The merger of Good Life with Esprit and our current logistics, business development and rural structures will allow a rapid development of trade and financing channels for the Good Life lending business services in the rural areas. The addition and experiences of Esprit bring us new concepts, a new business model (payday loans) and advanced management techniques for building a greater company and a great organization.
In closing, Mr Winters added, "As our shareholders know, I have another key objective that I would really like to fulfill before I step down. That is to see Esprit up-list to a fully reporting Pink Sheet or OTCBB status. I only have one month left to make that happen, so we will continue pushing the pedal to the metal a bit longer." Winters adds, "I can safely say that we are currently in the final stages of making this up listing happen and we have identified several possible candidates whose proposals we are entertaining at a serious and final level. We also have several other ways to make this up list happen with internal assets of IFGX, however the management plans on reviewing all of its options and those that are the most beneficial to its current shareholders before making a final decision."
Additional news and details will be posted as they become available at; www.goodlifechina.com (English investor relations site) and www.haorizi.com (Chinese corporate site).
About Esprit Financial Group Inc.
Esprit Financial Group Inc. is a public company engaged in a diversified number of online financial services. These include: the Payday Loan Software division; Forex Trading; Advanced Electronic Funds Management; and Specialized Investment Banking and Financial Advisory Services.
About Good Life Group Limited.
Good Life Group Limited operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Esprit Financial Group's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Esprit Financial Group's periodic reports filed with the regulatory authorities.
SOURCE Esprit Financial Group
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EFGO, hoping to see a good day with that one.
EZTO moving a bit today, Cornell paid off.
You are doing the right thing in contacting the fighters. They need to be kept informed as to what is going on.
VYGO, yes, been waiting for that one to pop.
TNRI bouncing.
TNRI, bounce time?
Supposedly news is coming soon according to a poster here...I forgot who posted it. I myself have no idea if we are to get any soon.
POTP, c'mon and bounce! We're waiting! LOL
TNRI, nice one, been waiting on it to go.
TNRI, great day!
DTGP, mentioned this on the board yesterday...should be a nice one!
Nice!!!!!!!!!
DTGP NEWS Just Out, Merger Done
News for 'DTGP' - (AEi Transportation Holdings, Inc., Formerly Doll Technology Group, Inc., Completes Merger with Southland Holding Corp.)
SEATTLE, Nov 06, 2007 (BUSINESS WIRE) -- AEi Transportation Holdings, Inc.,
formerly known as Doll Technology Group, Inc. (Pink Sheets:DTGP) ("AEiT" or the
"Company"), today announced it has completed its merger agreement with Southland
Holding Corp., an aviation and transportation services company ("Southland"),
resulting in Southland Holding Corp. continuing as a wholly-owned subsidiary of
the Company.
AEiT's merger with Southland is part of the Company's strategic plan to position
itself in the multi-billion dollar transportation sector. The Company had
previously announced the name change to AEi Transportation Holdings, Inc. and
anticipates a new trading symbol shortly.
AEiT expects to announce a new management team, comprised of individuals having
a distinguished business track record with years of experience managing private
and publicly traded companies, with extensive management focusing on
facilitating airline operations.
AEiT is proud to announce the retention of U.S.-based Corporate Stock Transfer
as its corporate transfer agent. Founded in 1985, Corporate Stock Transfer
("CST") serves domestic and international public companies, providing complete
stock transfer services, and escrow agent services with unparalleled customer
retention.
Forward-Looking Statements
This release contains 'forward-looking statements' within the meaning of the
Securities Exchange Act of 1934. Any statements that express or involve
discussions with respect to predictions, expectations, beliefs, plans,
projections, objectives, goals, assumptions or future events or performance are
not statements of historical fact and may be 'forward-looking statements.'
Forward-looking statements are based on expectations, estimates and projections
at the time the statements are made that involve a number of risks and
uncertainties which could cause actual results or events to differ materially
from those presently anticipated.
SOURCE: AEi Transportation Holdings, Inc.
CONTACT: For Doll Technology Group, Inc., SeattleAEi Transportation Holdings, IncMedia & Investor Relations:Joseph J. Malone, 786-375-0556Information@EquityDigest.comwww.EquityDigest.com