What
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
Marketwired
SOURCE: Chess Supersite Corporation
Chess Supersite Corporation
August 01, 2017 09:00 ET
Chess Supersite Corporation's Chess Stars is providing a live coverage of the Grand Chess Tour events
TORONTO, ON--(Marketwired - Aug 1, 2017) - Chess Supersite Corporation (OTC PINK: CHZP) is providing a live coverage of the Grand Chess Tour. All games will be carried live by Chess Stars with computer analysis and GM Video Commentary.
Chess Supersite Corporation is an owner and operator of the www.chessstars.com -- a comprehensive chess portal featuring state-of-the-art playing zone, broadcasts of the major tournaments, intuitive mega database, revolutionary "Choose Your Moves and Win" chess skilled contests (patent pending) and much more.
Chess Supersite Corporation's Chess Stars is providing a live coverage of the Grand Chess Tour tournaments -- the top chess events. All games will be carried live by Chess Stars with computer analysis and GM Video Commentary!
These tournaments are International media events featuring five annual chess events under auspices of the Grand Chess Tour -- the World class chess organization headed by the renowned GM Garry Kasparov and other notable dignitaries. Their formula is very simple: they attract top 10 GM's in the World and provide super playing conditions (including prize find) for the series of super Classical, Rapid and Blitz tournaments played in the most significant places around the Globe, such as Paris, Brussels, Saint Louis and London.
The 2017 Grand Chess Tour is a series of five chess tournaments held throughout the year. The Prize Fund is $1, 2 million.
Chess Stars is very proud to provide a live coverage of these highly prestigious events! The more information including some sensational developments will be available shortly.
Chess Supersite Corporation
Info@chesssupersitecorp.com
About Chess Supersite Corp.
Chess Supersite Corp., is a publicly traded company, trading symbol: CHZP on the OTC Market Group, whose primary business is the development and operation of the chess portal www.chesssupersite.com -- a comprehensive chess portal featuring state-of-the-art playing zone, broadcasts of the major tournaments, intuitive mega database, chess skilled contests and much more. Additional information can be accessed on the company's website www.chesssupersitecorp.com
Forward-Looking Statements Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
CONTACT INFORMATION
Contact:
Chess Supersite Corporation
www.chesssupersitecorp.com
1131A Leslie Street, Suite 101
Toronto, Ontario, M3C 3L8, Canada
Ph: 416-441-4631
GOODBYE
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS TOU ASKED FOR
Marketwired
SOURCE: Cherubim Interests Inc.
Cherubim Interests Inc.
Cherubim Interests Inc.
July 31, 2017 14:43 ET
Cherubim Interests, Inc. Subsidiary Releases Images of Proprietary Cultivation Technology
PORTLAND, OR--(Marketwired - Jul 31, 2017) - BudCube Construction Services ("BCS"), a subsidiary of Cherubim Interests, Inc. (OTC PINK: CHIT) ("the Company"), an expansion-stage alternative construction and real estate development has release images of its new proprietary cannabis cultivation technology.
The AeroBloom 1.0 is a low pressure Aeroponic flowering station that will serve as the flowering component used in BudCube Cultivation Systems controlled environment agriculture technology. The complete system will comprise of the AeroVeg 1.0 and the AeroClone 1.0 technologies respectively. Images of these systems will be released in the coming weeks.
"We will begin our beta test of the AeroGrow 1.0 in the coming week to work out any kinks we may find during the cultivation cycle," said Patrick Johnson.
Images of the AeroGrow 1.0 can be found here https://photos.app.goo.gl/HRu4EM2w6is6q3mq1 .
IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (OTC PINK: CHIT) and BudCube Cultivation Systems USA is planning execution of its stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department's Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that the companies will obtain advice of counsel prior to actualizing any portion of their business plan. Advice of counsel with regard to specific activities of the companies, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.
About BudCube Cultivation Systems
BudCube Cultivation Systems USA ("BCS") has developed a proprietary, fully portable and scalable, Controlled Environment Cultivation Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species. Coupled with a real estate development and property management business model, BudCube Cultivation Systems can position itself anywhere in the world where the cultivation of cannabis is legal.
BCS provides cultivation solutions for commercial application. It offers cultivators quick entry into a fast growing market at a price point that is very attractive when compared to the traditional construction and cultivation solution. BCS features a business model unparalleled in the industry and stands to benefit greatly as more and more market participants seek to gain entry into this sector.
For more information, visit www.budcube.com
About Cherubim Interests Inc.
Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.
For more information, visit www.cherubiminterests.com
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT INFORMATION
For more information please contact:
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer
(844) 842-8872
pjohnson@cherubiminterests.com
SOURCE: GOODBYE
YOUR RIGHT
YOUR RIGHT
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
World Health Energy Holdings Inc. Announces www.WHEN TRADE.com corporate branding and incorporation of next generation VRI Voice Recognition Identification into the WHEN 1 Bank software
July 17, 2017 14:39 ET | Source: World Health Energy Holdings, Inc.
NEW YORK, July 17, 2017 (GLOBE NEWSWIRE) -- World Health Energy Holdings (OTC PINK:WHEN), a diversified energy, health and financial software company www.worldhealthenergy.com www.whentrade.com announced today
www.WHEN TRADE.com has been upgraded inline with WHEN new corporate branding and incorporation of next generation VRI Voice Recognition Identification into the WHEN 1 Bank software
WHEN is working on several innovative security apps to upgrade the industry standard protection for the Bank card industry the first is VRI Voice Recognition. Identification. The VRI system will be incorporated into WHEN 1 Bank software and if used will greatly reduce online identity & card theft.
While the Global online market increased to over 387 billion transactions see http://paybefore.com/pay-world/non-cash-transactions-grow-8-9-percent-globally/
The Global losses from online fraud according to The Nilson report were over 24 Billion USD in 2016 https://www.nilsonreport.com/upload/content_promo/The_Nilson_Report_10-17-2016.pdf
Currently the industry has developed the PCI security standards https://www.pcisecuritystandards.org/pci_security/
But despite these standards the losses are staggering. The industry needs better security software. WHENs team is focused on developing next generation technology to protect banks and consumers
Its first security feature will be VRI Voice Recognition. Identification software which will be incorporated into the WHEN 1 next generation Bank software.
WHEN CEO Mr Uri Tadelis said that "We at WHEN are dedicated to deliver the markets best next generation security financial software " We are excited to share this first VRI Voice Recognition. Identification feature and look forward to announcing other innovative features in 2017 and 2018 We are happy to share with you the new whentrade website that incorporates the improved corporate branding we are now working to upgrade the company main website as well so it will provide a clear map of WHENs diversified holdings. "
WHEN Trade www.whentrade.com is a WHEN company focused on software and security software for Banks, online transactions and bank cards and will also provide live customer accounts.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for
Corporate press releases and periodic industry updates by sending an e-mail to
info@worldhealthenergy.com
About World Health Energy Holdings (www.worldhealthenergy.com)
World Health Energy Holdings, Inc. (WHEN) is a diversified energy, health and financial software company.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934.
WHEN has great potential but is not yet generating revenues
Although
Forward-looking statements in this release reflect the good faith judgment of management, forward-looking
Statements are inherently subjected to known, unknown risks and uncertainties that may cause actual
Results to be materially different from those discussed in these forward-looking statements, including but
not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash
flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial
condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance
that may arise after the date of this release.
Contacts:
World Health Energy Holdings, Inc
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
www.OTCLiveQuote.com
http://www.otclivequote.com/
Related Articles
other press releases by World Health Energy Holdings, Inc.
World Health Energy Holdings, Inc. Announces That it has developed an online instant App Builder
July 28, 2017 09:21
World Health Energy Holdings Inc. Announces That it is incorporating next generation payment card security VRI Voice Recognition Identification into the WHEN 1 Bank software
July 13, 2017 09:58
World Health Energy Holdings Inc. Announces Successful development of WHEN 1 New Financial software for Debit Cards & General Banking
July 05, 2017 09:35
World Health Energy Holdings Inc. Announces Launch of Online Trading Platform for Foreign Exchange and Futures Trading
September 26, 2016 11:36
Profile
World Health Energy Holdings, Inc.
Subscribe via RSS
Subscribe via ATOM
Javascript
New York, New York, UNITED STATES
Contact Data
Contacts:
World Health Energy Holdings, Inc
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
www.OTCLiveQuote.com
http://www.otclivequote.com/
Contact
SOURCE: GOODBYE
MR. URI TADELIS
About CloudCommerce
CloudCommerce, Inc. (CLWD) provides advanced e-commerce services to leading brands. Our customers depend on us to help them compete effectively in the $1.6 trillion worldwide e-commerce market. Our comprehensive services include: (1) development of highly customized and sophisticated online stores, (2) real-time integration to other business systems, (3) digital marketing and data analytics, (4) complete and secure site management, and (5) integration to physical stores. Our goal is to become the industry leader by rapidly increasing the number of customers who regularly depend on us and by acquiring other rapidly growing e-commerce service providers. To learn more about CloudCommerce, please visit www.cloudcommerce.com.
SOURCE: GOODBYE
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
MENTIONED: "PTTN"
GCL Showcases Intelligent Energy Concept on "GCL Day" at Astana Kazakhstan Expo 2017
NEWS PROVIDED BY
GCL System
06:00 ET
SHARE THIS ARTICLE
SUZHOU, China, July 31, 2017 /PRNewswire/ -- Golden Concord Group Limited (GCL), a global leading renewable energy solution company, hosted "GCL Day" at the Astana Kazakhstan Expo 2017 on July 30th. The company, as the only invited partner with solar manufacturing capacity, has showcased to the world its expertise in intelligent energy solutions.
Ms. Zhukenova, deputy of the Kazakhstan’s renewable energy department, making opening speech on “GCL day”
Ms. Zhukenova, deputy of the Kazakhstan’s renewable energy department, making opening speech on “GCL day”
The Astana Kazakhstan Expo 2017 is the first world expo initiated by central Asian countries to feature renewable energy development and green economy. GCL, as a leading green power provider, presented its intelligent energy solution that combines PV power generation, energy storage and conservation technology as well as wind power generation at the expo.
On "GCL Day", the company comprehensively demonstrated its commitment to improving efficiency and reliability in integrated green energy solutions via seminars, video, and an exhibition of the paintings themed "Green Power, Beautiful Homeland".
GCL also demonstrated its new achievements in solar power technologies on the day. Its self-developed micro grids that integrates various clean energy resources grabbed wide attention from both domestic and foreign visitors. Moreover, GCL's experimental programs of building intelligent green energy towns in China was also in place, which spurred interest of many local officials.
"China is leading the world in the energy development, while the industry in Kazakhstan is still in its initial stage. Therefore, we are very willing to learn from China advanced experience and working with their governments and companies to better improve the scenario of our renewable energy," said Ms. Zhukenova, deputy of the Kazakhstan's renewable energy department.
Ms. Shu Huan, leader of the China Pavilion also expressed the hope that GCL could further work with the Belt & Road countries via the Expo to develop the energy industry and to eventually receive good results.
Shu Hua, the president of GCL-SI, said, "We are very pleased to be invited to join the expo. Through the platform, GCL tries to provide a channel for all visitors to know better our products, innovation expertise and our efforts in driving green and new energy utilization in the world."
About GCL
Golden Concord Group Limited is a global energy group that specializes in clean energy, new energy and related industries. It is the world-top manufacturer of silicon materials with advanced technologies. It also boasts itself as the largest-sized, technology-leading PV material manufacturer in the world. The group holds several listed companies such as GCL-Poly, GCL System Integration and GCL New Energy and has establishments across 31 provinces (cities and autonomous regions) in China, Hong Kong, and Taiwan, as well as the United States, Japan, Canada, Australia, Singapore, Indonesia, Ethiopia, Djibouti and many other places worldwide.
GCL supplies 30% of highly efficient PV materials to the world. Its total installed capacity of PV power stations ranks the second in the world. GCL has formed the most integrated PV industrial chain in the world which boast of the largest collection of intellectual property.
SOURCE GCL System
SOURCE: GOODBYE
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
EnglishFrançais
Register Sign In
World Health Energy Holdings, Inc. Announces That it has developed an online instant App Builder
July 28, 2017 09:21 ET | Source: World Health Energy Holdings, Inc.
NEW YORK, July 28, 2017 (GLOBE NEWSWIRE) -- World Health Energy Holdings (OTC PINK:WHEN), a diversified energy, health and financial software company (www.worldhealthenergy.com & www.whentrade.com) announced today that it has developed an online instant App Builder which it will launch in the coming 2-4 weeks.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for Corporate press releases and periodic industry updates by sending an e-mail to info@worldhealthenergy.com
About World Health Energy Holdings (www.worldhealthenergy.com)
World Health Energy Holdings, Inc. (WHEN) is a diversified energy, health and financial software company.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934.
Contacts:
World Health Energy Holdings, Inc.
+1-862-289-0003
info@worldhealthenergy.com
Related Articles
other press releases by World Health Energy Holdings, Inc.
SOURCE: GOODLUCK
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
MOUNTAIN VIEW, Calif., June 26, 2017 /PRNewswire/ -- CEVA, Inc. (NASDAQ: CEVA), the leading licensor of signal processing IP for smarter, connected devices, today announced that Sanechips Technology Co., Ltd. (previously named ZTE Microelectronics Technology Co., Ltd.) has licensed the CEVA-X1 IoT Processor for its Narrowband-Internet of Things (NB-IoT) product, the RoseFinch7100. Sanechips leveraged the CEVA-X1 to develop an area- and power-optimized NB-IoT solution that is capable of delivering on the promise of long-life, low-cost cellular connectivity for IoT devices.
Demonstrating their commitment to NB-IoT, Sanechips recently took part in the first large scale field test of NB-IoT using its pre-commercial RoseFinch chipset. The trial, organized by China Mobile, tested the network of the entire mobile chain including core network, terminals and apps and was reported to have been successful in every aspect.
"NB-IoT is set to dominate long range IoT connectivity on a global scale, and Sanechips is proud to be at the forefront of this revolution," said Zhou Jin, Marketing director of Sanechips. "Closely collaborating with CEVA ensures we develop best-in-class products like the RoseFinch7100 that will enable mass market adoption of this technology. The CEVA-X1 IoT processor delivers exceptional performance within the stringent power and cost constraints of NB-IoT devices."
"We are delighted to announce our collaboration with Sanechips for their NB-IoT chipset designs," said Michael Boukaya, Vice President and General Manager, Wireless Business Unit at CEVA. "As the only end-to-end DSP provider for cellular, we leveraged our unique expertise to ensure our CEVA-X1 processor meets and exceeds the performance requirements of NB-IoT. This license deal with Sanechips represents a strong endorsement of our IoT processor for this new and exciting market."
About RoseFinch7100
RoseFinch7100, the first commercial NB-IoT single-chip from Sanechips which integrates the low power/high performance CEVA-X1 DSP IP for baseband, will be released in September 2017. This single chip has been designed for Cellular LPWA with the following characteristics: Lower sleep current 2uA and voltage 2V can provide longer battery life; Cloud-Chip Global Security based on Trusted Zone; up to 30 GPIOs and all R14 Frequency Bands; no need for an external MCU as the RoseFinch7100 can provide strong connectivity for most LPWA applications independently.
About CEVA-X1
CEVA-X1 is a hybrid DSP and microcontroller processor targeted for a broad range of endpoints and IoT hub devices, capable of handling both the protocol stack and physical layer for M2M. The CEVA-X1 is ideal for a variety of use cases and workloads, including LTE Cat-NB1 (NB-IoT) and Cat-M1, Sigfox, LoRa, Wi-Fi 802.11n, 802.11ah, Bluetooth, BLE, Zigbee/Thread, along with positioning and motion-sensing functions including GNSS (GPS, Beidou, GLONASS, Galileo), fusion of multiple indoor positioning and activity sensors, voice activation, and sound processing. CEVA-X1 contains specialized instructions to optimize overall system power, performance and chip area for baseband channel coding/decoding functions, as well as fusion of multiple always-on sensors. Thanks to these optimizations, 5 to 10 year single battery operation at a very low cost is easily achievable. The CEVA-X1 is supported by market-leading hardware and software development tools, software libraries and the extensive CEVAnet partner ecosystem. For more information, visit http://www.ceva-dsp.com/product/ceva-x1/
About Sanechips Technology Co., Ltd.
Sanechips Technology Co., Ltd., the new name of Shenzhen ZTE Microelectronics Technology Co., Ltd. established in 1996, has 20 years R&D experience with 3000 patents (top1 of China in 2016), and more than 2000 employees located at 9 R&D centers globally in China, Canada & the USA. As a Communication Chipset focused IC company, Sanechips has a full roadmap for Cloud/Channel/Device, its total sale revenue is over $0.82B (5.6 billion RMB, top3 of China in 2016). Based on WiseFone 4G chipset, multiple MBB, M2M & creative devices have been shipped to China & 30 overseas countries in 2016. Strategically, Sanechips pays close attention to NB-IoT & 5G chipsets that it believes can generate tens of millions of shipments and help Sanechips become the world's leading Communication IC Company in the future.
About CEVA, Inc.
CEVA is the leading licensor of signal processing IP for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, industrial and IoT. Our ultra-low-power IPs for vision, audio, communications and connectivity include comprehensive DSP-based platforms for LTE/LTE-A/5G baseband processing in handsets, infrastructure and machine-to-machine devices, advanced imaging, computer vision and deep learning for any camera-enabled device, audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For connectivity, we offer the industry's most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi (802.11 a/b/g/n/ac up to 4x4) and serial storage (SATA and SAS). Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube and LinkedIn.
SOURCE: HOSSEYN GOODBYE
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
Music of Your Life Launches New Subscription Based Service
LAS VEGAS, NV--(Marketwired - May 25, 2017) - Music of Your Life, Inc. (OTC PINK: MYLI), has launched a monthly fee-based service featuring the best of rock, pop, country and jazz music, with shows featuring Celebrity DJs. The company will also feature live concerts streaming from Los Angeles area venues, The Canyon, The Saban, The Rose and The Libbey.
The Company will charge $5.00 per month for the new commercial free service, while continuing to offer its AM and FM simulcast channel free of charge. More than 1,000 listeners have signed-up for the new service during the first two weeks of the Company's soft launch of the new website. New subscribers will receive the first month free.
Music of Your Life CEO, Marc Angell, said, "Over the coming weeks and months, we will be adding new celebrity DJs for various shows. Along with them, come their social media followers. These followers, or fans, tend to be very loyal, and we anticipate conversion rates as high as 10% in some cases. Sirius Radio with Howard Stern and others, proved that fans will tune-in to follow their favorite celebrity, and are willing to pay for it."
The Company also plans to offer podcasts of their Celebrity Radio shows so the subscriber can listen to the shows whenever they wish. The Company is also developing Celebrity Sports and Celebrity News channels.
About Music of Your Life, Inc.
Music of Your Life, Inc. is a publicly traded company on the Over the Counter stock exchange, ticker symbol (OTC PINK: MYLI). Music of Your Life is the longest running syndicated music radio brand in broadcasting history featuring the "Adult Standards" genre.
Please visit their website at: www.musicofyourlife.com.
This press release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. The Company undertakes no obligation to release publicly any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by the Company or any other person that the events or circumstances described in such statements are material.
Music of Your Life, Inc.
CEO
Marc Angell
800-351-3021
marc@musicofyourlife.com
Investors Information
investinfo@musicofyourlife.com
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
PRIVACY POLICY
Music if Your Life, Inc. (“MYLI”) is committed to protecting your Personal Information and safeguarding your privacy over the Internet.
This Privacy Policy explains how we may collect, use, and disclose your Personal Information and other information through the MYLI Products and Services.
The “MYLI Products and Services” is defined as musicofyourlife.com, associated mobile applications, software, and Internet services under our control, whether partial or otherwise, in connection with providing a platform for MYLI’s services.
We consider “Personal Information” to include information that alone or when in combination with other information may be used to readily identify, contact, or locate you, such as: name, address, email address, or phone number. We do not consider Personal Information to include information that has been anonymized so that it does not allow a third party to easily identify a specific individual.
Other Websites and Pages. When you navigate away from the MYLI Products and Services to websites or apps controlled by third parties, you leave the MYLI Products and Services, at which point this Privacy Policy no longer applies. You will not receive a notice warning when you leave the MYLI Products and Services. Please visit the privacy policies of these third-party websites and apps to learn their privacy policies and data collection practices.
Our Privacy Policy can be summarized as follows:
We may collect and share aggregate demographic or statistical information that is not personally identifiable at our discretion.
We do not collect Personal Information from children we know to be under the age of 13, and no part of our Website is directed to children under the age of 13.
If you access MYLI Products and Services directly from a partner website, we may share your information with that partner. We do not share your Personal Information unless we have your permission or as otherwise stated in this Privacy Policy.
What kind of information do we collect?
Personal Information. We collect Personal Information when you create an account to use the MYLI Products and Services, such as your name, email address, username, password, and billing and credit card information.
We may collect Personal Information when you subscribe to the MYLI newsletter, participate in forum discussions, or when you enter events, such as sweepstakes or contests.
The MYLI Products and Services may collect and store your location information if you enable your computer or mobile device to send it to us. Changing the settings on your computer or mobile device may prevent this data collection.
Non-Personal Information. We may collect Non-Personal Information when you create an account, such as year of birth, gender, and postal code. We also collect demographic information, such as your country, in several other ways. We also collect anonymous statistical user and browser information through the MYLI Products and Services users, including: (1) the Internet Protocol (IP) address of the user’s computer, (2) the websites from which people visit the MYLI Products and Services, if any, and/or (3) the brand and version of the user’s browser software.
How do we collect information?
We collect the information you enter into the MYLI Products and Services.
When you use MYLI Products and Services, we and our third-party service providers also receive and record information on our server logs from your browser, including your IP address, and from cookies, web beacons, and similar technology. Cookies are small text files that we place in visitors’ computer browsers to store their preferences. Most browsers allow you to block and delete cookies. However, if you block our cookies, the MYLI Products and Services may not work properly.
How do we use the information collected?
MYLI uses the information collected to:
Process transactions for MYLI Products Services. We may verify authorization of credit card usage before you may access MYLI Products and Services;
Communicate with you concerning your account and any customer service issues;
Verify access rights to restricted services, including for the purpose of supporting digital-rights management software;
Improve MYLI Products and Services by providing personalized content recommendations, language and location customization, and personalized help and instructions;
Determine if you meet the minimum computer system compatibility requirements to use the MYLI Products and Services and provide to you information to improve compatibility;
Track when you access and download content for the purpose of paying royalties and license fees to third-party providers, such as record labels and other copyright holders and content distributors;
Ask you to participate in surveys about MYLI Products and Services, news, and events;
Offer you MYLI Products and Services for you to purchase;
Automatically update downloaded MYLI Products and Services;
Provide you with news, newsletters, updates, targeted advertising, promotions, and special offers;
Better understand how MYLI Products and Services are used, including Web-traffic patterns and content-preference analysis; and
Analyze trends and statistics, and for federal export law compliance, when required.
Direct Marketing. We do not rent, sell, or share Personal Information about you with other people or nonaffiliated companies for direct marketing purposes. We may allow access to other data collected by the MYLI Products and Services to enable the delivery of direct marketing and offers that will be of greatest utility, relevance, value, and interest to you.
Communications. If you have chosen to receive emails, we generally send emails to you about MYLI Products and Services, content, and special offers. During registration, you may opt-out of receiving our marketing emails and/or newsletters, or you can change your settings at any time through the other methods set forth in this Privacy Policy. However, we may continue to send you emails about:
MYLI Products and Services you have previously purchased;
Your account status or other information concerning functions, features and status of your MYLI Products and Services; or
Critical technical-service issues relating to the MYLI Products and Services.
What information do we share with third parties?
Unless otherwise provided for in this Privacy Policy, MYLI does not sell, rent, or share your Personal Information with third party partners or content services without your consent.
Content Providers. MYLI may be required to provide specific access and usage information to content providers and rights holders as a condition of content licensing and royalty agreements. In such cases, MYLI may provide content access and usage, user demographic, and other information that does not include your Personal Information to the content provider.
Social Networking and Other Websites. When you use the MYLI Products and Services, you may share Personal Information with social networking websites, such as Facebook. We do not share information with them unless you direct the MYLI Products and Services to share it. Their use of the information will be governed by their privacy policies, and you may be able to modify your privacy settings on their websites.
Anonymous Statistics. We may share anonymous MYLI Products and Services usage information for the purpose of measuring the effectiveness of affiliate programs. None of such information shared is Personal Information.
Vendors and Suppliers. The MYLI Products and Services use Personal Information for internal and service-related purposes only and may provide it to third parties to allow MYLI to offer the MYLI Products and Services, including credit card processing. MYLI vendors and suppliers are bound by strict contractual requirements to keep all Personal Information they receive strictly confidential and to use and process such information solely on behalf of MYLI.
As Required By Law and Similar Disclosures. We may access, preserve, and disclose your Personal Information, other account information, and content if we believe doing so is required by law or if those actions are reasonably necessary to:
comply with legal process, such as a court order or subpoena;
enforce this Privacy Policy or our Terms of Use;
respond to claims that any content violates the rights of third parties;
respond to your requests for customer service;
respond to law enforcement;
investigate and prevent unauthorized transactions or other illegal activities; or
protect our or others’ rights, property, or personal safety.
Merger, Sale, or Other Asset Transfers. We may disclose information we possess about you as part of a merger, acquisition, sale of company assets, or transition of service to another provider, as well as in the unlikely event of insolvency, bankruptcy, or receivership in which your Personal Information would be transferred as one of the business assets of the company. We do not guarantee that any entity receiving such information in connection with one of these transactions will comply with all terms of this Privacy Policy.
How do we keep your information secure?
MYLI understands that it is a privilege to have you as a customer and takes steps to protect your Personal Information. We use the following controls to protect your Personal Information:
Use SSL to safeguard information when transmitted from your Web browser to MYLI;
Encrypt sensitive Personal Information, such as credit card numbers and user names;
Restrict employee access to databases containing Personal Information and impose confidentiality requirements upon employees who do; and
Bind third-party vendors and suppliers with contractual, technical, and organizational measures to protect your Personal Information.
Although we do take (and require our third-party providers to take) security precautions regarding your Personal Information, due to the open nature of the Internet, we cannot guarantee that any of your Personal Information stored on our servers, or transmitted to or from a user, will be free from unauthorized access. We disclaim any liability for any theft or loss of, unauthorized access or damage to, or interception of any data or communications. By using the MYLI Products and Services, you acknowledge that you understand and agree to assume these risks.
How can you access and update your personal information?
To access your account information and preferences, select Manage Account from a link or menus on either the Internet at www.musicofyourlife.com. When you access your account, you can update your account information to make it accurate. You can also manage your preferences for receiving newsletters and promotional emails.
What if you are located in a different country?
By choosing to use the MYLI Products and Services or otherwise provide information to us, you agree that any dispute over privacy or this Privacy Policy will be governed by Nevada law.
MYLI may process Personal Information on computers located outside of your state, province, country, or other governmental jurisdiction where the privacy laws may not be as protective as those in your jurisdiction. We will use our best efforts to use and process your information in accordance with this Privacy Policy and applicable law. If you are visiting from the European Union or other regions with laws governing data collection and use, please note that you are agreeing to the transfer of your Personal Information to the United States to us. By providing your Personal Information you consent to any transfer and processing in accordance with this Privacy Policy.
What if you do not agree to this Privacy Policy?
If you do not agree to this Privacy Policy, please do not use the MYLI Website or the MYLI Services.
What if you have questions or comments about this Privacy Policy?
If you have questions about the privacy aspects of the MYLI Products and Services or would like to make a complaint, please contact
Music of Your Life, Inc.
Attn: Chief Legal Officer
3225 McLeod Drive, Suite 100
Las Vegas, NV 89121
800-351-3021
800-878-7594 (fax)
Changes to our Privacy Policy.
We may change this Privacy Policy from time to time. When we do, changes will be reflected in this document so you are always aware of how we may collect, use, or disclose your information. If we decide to use Personal Information different from that stated at the time we collected it, we will notify you by email. You may decide whether or not we may use your information in this different manner. If you do not consent to this different use, we will use the information in accordance with the privacy policy in place when we collected the information. We encourage you to review our Privacy Policy when you visit the MYLI Website.
Last modified: March 4, 2017
Copyright © 2017 Music of Your Life, Inc.
TERMS OF USE
This Music of Your Life, Inc. Terms of Use Agreement (this “Agreement”) is a legal agreement between you and Music of Your Life, Inc. (“MYLI”, “we”, “us” or “our”) providing, among other things, the terms and conditions for your use of MYLI’s basic and/or subscription music services, associated mobile applications, software and Internet services under our control, whether partial or otherwise, in connection with providing a platform for MYLI’s services (collectively, the “MYLI Products and Services”), including our Web site; http://www.musicofyourlife.com (the “Site”).
We may from time to time modify these Terms of Use and will post a copy of the amended Agreement on this page. If you do not agree to, or cannot comply with, the Agreement as amended, you must stop using the MYLI Products and Services or, if applicable, cancel your subscription for MYLI Products and Services. You will be deemed to have accepted the Agreement, as it may be amended from time to time, if you continue to use any of the MYLI Products and Services after any amendments to such Agreement are posted on the Site.
PARENTAL ADVISORY
IF YOU ARE A USER BETWEEN THE AGES OF 13 AND 17, PLEASE REVIEW THESE TERMS OF USE WITH YOUR PARENTS. THE MYLI PRODUCTS AND SERVICES ARE INTENDED FOR USERS WHO ARE AT LEAST 13 YEARS OF AGE OR OLDER. BECAUSE THE MYLI PRODUCTS AND SERVICES MAY PROVIDE ACCESS TO MUSIC THAT CONTAINS EXPLICIT CONTENT INCLUDING STRONG LANGUAGE OR DEPICTIONS OF VIOLENCE, SEX OR SUBSTANCE ABUSE, PARENTAL DISCRETION IS ADVISED FOR ALL USERS AGES 13 TO 17. THIS AGREEMENT CONTAINS WARRANTY AND LIABILITY DISCLAIMERS. BY USING OR SUBSCRIBING TO THE MYLI PRODUCTS AND SERVICES, YOU ACCEPT AND AGREE TO THE TERMS AND CONDITIONS OF THIS AGREEMENT. IN ORDER FOR YOU TO HAVE ACCESS TO THE MYLI PRODUCTS AND SERVICES, THIS AGREEMENT MUST BE ACCEPTED BY YOU WITHOUT ANY MODIFICATIONS, ADDITIONS, OR DELETIONS. IF YOU DO NOT AGREE TO THE TERMS OF USE CONTAINED IN THIS AGREEMENT, YOU ARE NOT AUTHORIZED TO USE THE MYLI PRODUCTS AND SERVICES. YOU MAY BE DENIED ACCESS TO THE MYLI PRODUCTS AND SERVICES, WITH OR WITHOUT PRIOR NOTICE TO YOU, FOR NONCOMPLIANCE WITH ANY PROVISION OF THIS AGREEMENT.
Your Account Information
To use any aspect of the MYLI Products and Services, you may be required to register and provide certain information, including a member or user name, a password, a valid email address (the “Account Information”) and your credit card information, if applicable. You agree that the Account Information and credit card information that you provide is true, accurate, current and complete information about yourself and your billing information, if applicable.
You may update any of your Account Information, designate a different credit card to be billed, or change the applicable expiration date on your currently designated credit card by going to the Options menu and selecting Account > Manage Account. You will be asked to sign in again. Once signed in, an account summary screen is displayed. You can click the appropriate Edit button to edit Account Information. If you register for the MYLI Products and Services through a device manufacturer portal for use with a device, you are agreeing to receive at least one MYLI newsletter at the email address you provide during registration. To avoid receiving future newsletter mailings you may unsubscribe from the mailing list by clicking the “unsubscribe” link at the bottom of the MYLI Newsletter. Clicking that link will lead to the confirmation of your removal from the MYLI mailing list.
We understand that you care about the protection of your personal information, including your Account Information, and shall treat such information in accordance with our Privacy Policy.
You are solely and entirely responsible for maintaining the confidentiality of your password, and for any and all activities that occur with your account. If you believe someone has accessed any of the MYLI Products and Services using your user name and password without your authorization, it is your responsibility to set up a new password. To do this, go to the Sign In screen, click the “Forgot your Password?” link, and follow the instructions. MYLI will not be responsible for any losses arising out of the unauthorized use of your user name, password and/or account, and you agree to indemnify and hold harmless MYLI, its partners, parents, subsidiaries, agents, affiliates and/or licensors, as applicable, for any improper, unauthorized or illegal uses of the same.
Privacy Policy
Unless otherwise addressed in this Agreement, the MYLI Products and Services are subject to MYLI’s Privacy Policy which is made a part of this Agreement. It is important that you read and understand the terms of MYLI’s Privacy Policy. MYLI may cooperate with and disclose information (including your Account Information) to any authority, government official or third-party, without giving any notice to you, in connection with any investigation, proceeding or claim arising from an asserted illegal action or infringement due to your use of the MYLI Products and Services, and under certain other circumstances set forth in our Privacy Policy.
License
MYLI grants to you a limited, non-exclusive, non-transferable license to access and use the MYLI Products and Services in the territory for which you have purchased a license for personal non-commercial purposes only. If you subscribe to any of the MYLI Products and Services, this license is contingent upon your payment of any applicable subscription fees and your compliance with any other terms and conditions applicable to you as a subscriber.
By subscribing to or accessing any of the MYLI Products and Services, you are representing to us that you are authorized to use the credit card or other form of payment you provided (including having your telecommunications carrier bill you) and that you reside in the territory for which you have purchased a license. If you are a parent or guardian paying on behalf of a minor or other person, then you hereby agree to the terms of this Agreement and agree to take responsibility for the actions of such other person, any charges associated with that person’s use of any of the MYLI Products and Services, and that person’s compliance with this Agreement. You agree to take such steps as are appropriate to ensure such compliance and will indemnify and hold MYLI and its affiliates and distribution and syndication partners harmless from any breach of this Agreement. Any violation by you of the license provisions contained in this Agreement may result in the immediate termination of your right to use the MYLI Products and Services. MYLI reserves all right, title and interest not expressly granted under this license to the fullest extent possible under applicable laws. ANY USE OF THE MYLI PRODUCTS AND SERVICES NOT SPECIFICALLY PERMITTED UNDER THIS AGREEMENT IS STRICTLY PROHIBITED.
Restrictions
You agree that with regard to your access of the MYLI Site, you will not:
• use the MYLI Products or Services to reproduce, copy or distribute copyrighted materials;
• upload, transmit or otherwise distribute any content that is unlawful, defamatory, libelous, harassing, abusive, fraudulent, obscene, contains viruses, or is otherwise objectionable as reasonably determined by MYLI;
• upload, transmit or otherwise distribute content that infringes upon another party’s intellectual property rights or other proprietary, contractual or fiduciary rights or obligations;
• prevent or attempt to prevent others from using the MYLI Products and Services or take any action designed to harm, slow down or adversely affect the MYLI Products and Services or the MYLI Site;
• use the MYLI Products and Services for any fraudulent or inappropriate purpose;
• post adult-oriented material;
• use the MYLI Products and Services to facilitate sending “spam” or unsolicited commercial email;
• copy, store, edit, change, prepare any derivative work of or alter in any way any of the tracks delivered through the MYLI Products and Services or any cover art shown therein;
• make the MYLI Products and Services available over a network (other than MYLI’s network) where it could be used by others;
• provide your password to any other person;
• translate, reverse engineer, decompile, disassemble, modify or create derivative works based on the MYLI Services or any portion of them;
• circumvent any technology used by MYLI or its licensors to protect content accessible via the MYLI Services;
• rent, lease or sublicense any of the MYLI Products and Services;
• collect and use any product listings, descriptions, or prices;
• use any data mining, robots, or similar data gathering and extraction tools;
• download or copy account information for the benefit of another merchant;
• frame or utilize framing techniques to enclose any trademark, logo, or other proprietary information (including images, text, page layout, or form) of MYLI and our affiliates;
• use any meta tags or any other “hidden text” utilizing MYLI’s name or trademarks; or
• use the MYLI Products and Services in any way that violates the terms of this Agreement or any Wi-Fi terms of service.
Violation of any of the foregoing may result in immediate termination of this Agreement, and may subject you to state and federal penalties and other legal consequences. MYLI reserves the right, but shall have no obligation, to investigate your use of the MYLI Products and Services in order to determine whether a violation of this Agreement has occurred or to comply with any applicable law, regulation, legal process or governmental request.
User Content
By submitting any content, you grant MYLI a royalty-free, perpetual, irrevocable, non-exclusive right and license to use, license, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, derive revenue or other remuneration from, communicate to the public, perform and display the content (in whole or in part) worldwide and/or to incorporate it in other works in any form, media, or technology now known or later developed, for the full term of any intellectual property rights that may exist in such content. You also warrant that the holder of any intellectual property rights, including moral rights in such content, has completely and effectively waived all such rights and validly and irrevocably granted to you the right to grant the license stated above. You also permit any subscriber to access, display, view, store and reproduce such content for personal use. Subject to the foregoing, the owner of such content submitted through the Products and Services retains any and all intellectual property rights that may exist in such content.
MYLI takes no responsibility for any content contained within the MYLI Products and Services, nor does MYLI have any obligation to monitor such third party content. MYLI reserves the right at all times to remove or refuse to distribute any content on the MYLI Products and Services, such as content that violates the terms of this Agreement. MYLI also reserves the right to access, read, preserve, and disclose any information as it reasonably believes is necessary to (a) satisfy any applicable law, regulation, legal process or governmental request, (b) enforce this Agreement, including investigation of potential violations hereof, (c) detect, prevent, or otherwise address fraud, security or technical issues, (d) respond to user support requests, or (e) protect the rights, property or safety of MYLI, its users and the public. MYLI will not be responsible or liable for the exercise or non-exercise of its rights under this Agreement.
Security
The MYLI Products and Services utilize technology to protect transmitted digital information. Your use of the MYLI Products and Services may be limited by such technology. You acknowledge that, from time to time, MYLI may modify or discontinue using such technology. Security modifications made by MYLI may from time to time include required or automated updates, modifications, patches, and/or reinstallations of software. IF YOU ATTEMPT TO VIOLATE OR CIRCUMVENT ANY SYSTEM OR NETWORK SECURITY COMPONENTS OR TECHNOLOGY, YOUR ACCESS TO THE MYLI SITE MAY BE TERMINATED AND YOU MAY BE SUBJECT TO CIVIL OR CRIMINAL LIABILITY.
Intellectual Property
As between you and MYLI, you acknowledge that MYLI owns or has a license to all title and copyrights and all other worldwide intellectual property rights in and to the MYLI Products and Services, including all content on this site (other than user uploaded content), such as text, graphics, logos, button icons, images, audio clips, digital downloads, data compilations, and software. All title and intellectual property rights in and to the licensed content in the MYLI Products and Services is the property of the respective content owner and may be protected by applicable copyright or other intellectual property laws and treaties and subject to use restrictions under such laws or treaties.
MYLI Trademarks and Third-Party Trademarks
The following are registered trademarks or trademarks of MYLI: MYLI, and its registered design logo, as well as certain other MYLI trademarks, service marks, graphics, and logos (collectively, the “MYLI Trademarks”) used in connection with the MYLI Products and Services. The MYLI Products and Services may contain third-party trademarks, service marks, graphics, and logos. You are not granted any right or license with respect to MYLI Trademarks or the trademarks of any third party.
Electronic Communications
When you visit the Site, use the Products or Services or send e-mails to us, you are communicating with us electronically. By doing so, you consent to receive communications from us electronically. We will communicate with you through the Products and Services, by e-mail or by posting notices on this Site. You agree that all agreements, notices, disclosures and other communications that we provide to you electronically satisfy any legal requirement that such communications be in writing.
DISCLAIMER OF WARRANTIES AND LIMITATION OF LIABILITY
THIS SITE IS PROVIDED BY MYLI ON AN “AS IS” AND “AS AVAILABLE” BASIS. MYLI MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. AS TO THE OPERATION OF THIS SITE OR THE INFORMATION, CONTENT, MATERIALS, OR PRODUCTS INCLUDED ON THIS SITE, YOU EXPRESSLY AGREE THAT YOUR USE OF THIS SITE IS AT YOUR SOLE RISK. MYLI DOES NOT WARRANT THAT THIS SITE, ITS SERVERS, OR E-MAIL SENT FROM MYLI ARE FREE OF VIRUSES, INTERFERENCE, HACKING OR OTHER HARMFUL COMPONENTS AND MYLI DISCLAIMS ANY LIABILITY RELATING THERETO. WITHOUT PRIOR NOTICE, MYLI MAY MODIFY, SUSPEND, OR DISCONTINUE THE MYLI SERVICES (INCLUDING ANY CONTENT) OR YOUR USE OF THEM. WHENEVER MYLI ELECTS TO MODIFY, SUSPEND, OR DISCONTINUE THE MYLI SERVICES, IT WILL NOT BE LIABLE TO YOU OR ANY THIRD PARTY.
MYLI WILL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND ARISING FROM THE USE OF THIS SITE, THE MYLI PRODUCTS AND SERVICES, THE MYLI PORTABLE RADIO PLAYER OR ANY WI-FI SERVICE, INCLUDING, BUT NOT LIMITED TO DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, AND CONSEQUENTIAL DAMAGES.
CERTAIN STATE LAWS DO NOT ALLOW LIMITATIONS ON IMPLIED WARRANTIES OR THE EXCLUSION OR LIMITATION OF CERTAIN DAMAGES. IF THESE LAWS APPLY TO YOU, SOME OR ALL OF THE ABOVE DISCLAIMERS, EXCLUSIONS, OR LIMITATIONS MAY NOT APPLY TO YOU, AND YOU MIGHT HAVE ADDITIONAL RIGHTS.
YOU ACKNOWLEDGE THAT YOUR SUBMISSION OF ANY INFORMATION TO US IS AT YOUR OWN RISK. MYLI DOES NOT ASSUME ANY LIABILITY TO YOU WITH REGARD TO ANY LOSS OR LIABILITY RELATING TO SUCH INFORMATION IN ANY WAY.
YOU UNDERSTAND THAT YOU MAY ENCOUNTER OFFENSIVE, INDECENT OR OTHER OBJECTIONABLE CONTENT WHEN USING THE MYLI SERVICES. MYLI WILL HAVE NO LIABILITY TO YOU FOR ANY SUCH CONTENT.
SOME OF THE CONTENT, PRODUCTS, AND SERVICES AVAILABLE THROUGH THE MYLI SERVICES MAY INCLUDE MATERIALS THAT BELONG TO THIRD PARTIES. YOU ACKNOWLEDGE THAT MYLI ASSUMES NO RESPONSIBILITY FOR SUCH CONTENT, PRODUCTS OR SERVICES. INDEMNITY
YOU WILL INDEMNIFY AND HOLD MYLI, ITS DIRECTORS, OFFICERS, EMPLOYEES, AFFILIATES, AGENTS, CONTRACTORS, AND LICENSORS HARMLESS WITH RESPECT TO ANY SUITS OR CLAIMS ARISING OUT OF (I) YOUR BREACH OF THIS AGREEMENT, INCLUDING, BUT NOT LIMITED TO, ANY INFRINGEMENT BY YOU OF THE COPYRIGHT OR INTELLECTUAL PROPERTY RIGHTS OF ANY THIRD PARTY; OR (II) YOUR USE OF THE MYLI SERVICES OR ANY WI-FI SERVICE.
Third Parties
MYLI or its business partners may present advertisements or promotional materials on or through the Site and the MYLI Products and Services. Your dealings with, or participation in promotions of, any third-party advertisers on or through the Site are solely between you and such third party and your participation is subject to the terms and conditions associated with that advertisement or promotion. You agree that MYLI is not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or as the result of the presence of such third parties on the Site.
The Site and the MYLI Products and Services may present links to third-party Web sites not owned or operated by us. We are not responsible for the availability of these third-party sites or their contents. You agree that we are not responsible or liable, directly or indirectly, for any damage or loss caused by or in connection with your use of or reliance on any content of any such third-party site or goods or services available through any such third-party site.
You may be able to link and/or post content to or from third party websites (e.g., Facebook) and the Site. You are solely responsible for any such content you post, and for any information contained therein. You are also solely responsible for complying with any applicable law, regulation and or rule of any applicable government agency and/or such third party website.
The MYLI Products and Services may contain content supplied by third parties and links to and from Internet sites maintained by third parties. MYLI does not control such content or operate such third-party sites. Third party content (including advertisements) on and links on or to the MYLI Products and Services do not constitute any endorsement by MYLI. MYLI is not responsible for the accuracy or reliability of third party information and you assume sole responsibility for the use of third party information.
You acknowledge that MYLI neither endorses the contents of your communications or the communications of third parties on or relating to the MYLI Products and Services, nor assumes the responsibility for any threatening, libelous, obscene, harassing or offensive material contained therein, any infringement of third party intellectual property rights arising therefrom or any crime facilitated thereby.
MYLI is not involved in any transaction between you and the merchants linked from the MYLI Products and Services. If you have a dispute with one or more merchants, you agree to release and hereby release MYLI (and MYLI’s officers, directors, agents, subsidiaries, affiliates, employees, successors, assigns, content providers and service providers) from claims, demands, actual and consequential damages of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes.
Applicable Law and Assignment
By visiting the Site or using the MYLI Products and Services, you agree that the laws of the state of Nevada, without regard to principles of conflict of laws, will govern these Terms of Use and any dispute of any sort that might arise between you and MYLI or its affiliates.
You will not sublicense, assign, or transfer the license granted to you under this Agreement. Any attempt to sublicense, assign, or transfer any of the rights, duties, or obligations in violation of the provisions of this Agreement is void.
Disputes
Any dispute relating in any way to your visit to the Site or to Products or Services you purchase or use through MYLI shall be submitted to confidential arbitration in Las Vegas, Nevada, except that, to the extent you have in any manner violated or threatened to violate MYLI’s intellectual property rights, MYLI may seek injunctive or other appropriate relief in any state or federal court in the state of Nevada, and you consent to exclusive jurisdiction and venue in such courts. Arbitration under this agreement shall be conducted under the rules then prevailing of the American Arbitration Association. The arbitrator’s award shall be binding and may be entered as a judgment in any court of competent jurisdiction. To the fullest extent permitted by applicable law, no arbitration under this Agreement shall be joined to an arbitration involving any other party subject to this Agreement, whether through class arbitration proceedings or otherwise.
Our Address:
Music of Your Life, Inc.
3225 McLeod Drive, Suite 100
Las Vegas, NV 89121
Last revision date: March 4, 2017
Copyright © 2017 Music of Your Life, Inc.
SOURCE: HOSSEYN GOODBYE
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR UNDER COVER
by @newswire on July 25, 2017
Healthier Choices Management Corp. Reports Second Quarter 2017 Financial Results
HOLLYWOOD, Fla., July 25, 2017 /PRNewswire/ -- Healthier Choices Management Corp. (OTC Pink: HCMC) today announced financial results for the three-month period ended June 30, 2017.
Second Quarter 2017 Results and Recent Highlights:
Gross profit from continuing operations increased by approximately $606,000 for the three-month period ended June 30, 2017; amounting to $1,673,107, compared to $1,066,782 for the same period last year
Gross margin percent improved to 50.6% up from 47.9% for the same period last year; the second consecutive quarterly improvement.
Operating expenses as a percent of sales decreased 59% versus prior year, reflecting the continued reduction of corporate administrative expenses
Adjusted EBITDA Improvement of roughly $2.6M; Year-Over-Year.
Jeffrey Holman, Chairman and Chief Executive Officer of Healthier Choices Management Corp., said, "We are both pleased and proud of our performance in the second quarter. Our team delivered gross profit growth as well as a remarkable improvement in our adjusted EBITDA results for the quarter." Mr. Holman went on to comment, "Our strategic vision for our company remains clear. The progress to date, including our solid second quarter results, gives us continued confidence in our direction. We are committed to continuing to build a nimble and scalable business model to support long-term, sustainable growth for Healthier Choices Management Corp."
About Healthier Choices Management Corp.
Healthier Choices Management Corp. is a holding company focused on providing consumers with healthier daily choices with respect to nutrition and other lifestyle alternatives. One segment of our business is our natural and organic grocery operations in Ft. Myers, Florida. The other segment is a U.S. based retailer of vaporizers and e-liquids. Healthier Choices Management Corp. sells direct to consumer via company-owned brick-and-mortar retail locations operating under "Ada's Natural Market" and "The Vape Store" brands.
Healthier Choices Management Corp. Inc. (www.healthiercmc.com).
Forward Looking Statements.
This press release contains forward looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Statements contained in this press release that are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, and are based on management's estimates, assumptions and projections and are not guarantees of future performance. The Company assumes no obligation to update these statements. Forward looking statements may include, but are not limited to, projections or estimates of revenue, income or loss, exit costs, cash flow needs and capital expenditures, statements regarding future operations, expansion or restructuring plans, including our recent exit from and winding down of our wholesale distribution operations. In addition, when used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward looking statements.
Other factors that may affect our future results of operations and financial condition include, but are not limited to, unanticipated developments in any one or more of the following areas, as well as other factors which may be detailed from time to time in our Securities and Exchange Commission filings: risks involved with our business, including possible loss of business and customer dissatisfaction
Results of Operations
The following table sets forth our Condensed Consolidated Statements of Continuing Operations for the Quarter and Six -months ended June 30, 2017 and 2016:
HEALTHIER CHOICES MANAGEMENT CORP.
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended
Six Months Ended
June 30,
June 30,
2017
2016
2017
2016
Total sales, net
$ 3,305,709
$ 2,226,864
$ 6,891,699
$ 4,349,524
Total cost of sales
1,632,602
1,160,082
3,392,966
2,098,125
GROSS PROFIT
1,673,107
1,066,782
3,498,733
2,251,399
Total operating expenses
4,444,390
4,300,054
8,010,610
6,510,521
LOSS FROM OPERATIONS
(2,771,283)
(3,233,272)
(4,511,877)
(4,259,122)
Total other income (expense), net
(27,699)
2,859,686
(45,489)
(11,917,852)
NET LOSS FROM CONTINUING OPERATIONS
$ (2,798,982)
$ (373,586)
$ (4,557,366)
$ (16,176,974)
See non-GAAP financial measure discussion
Three Months Ended
Six Months Ended
June 30,
June 30,
2017
2016
2017
2016
Adjusted EBITDA
Operating income (loss)
$ (2,771,283)
$ (3,233,272)
$ (4,511,877)
$ (4,259,122)
Depreciation and amortization
86,897
93,855
170,440
150,082
Stock compensation
2,103,337
5,389
3,300,532
64,175
Adjusted EBITDA
$ (581,049)
$ (3,134,028)
$ (1,040,905)
$ (4,044,865)
Consolidated Balance Sheets
The following table sets forth our Condensed Consolidated Balance Sheets for the periods ended June 30, 2017 and December 31, 2016:
HEALTHIER CHOICES MANAGEMENT CORP.
CONSOLIDATED BALANCE SHEETS
June 30,
2017
December 31,
2016
(UNAUDITED)
ASSETS
CURRENT ASSETS
Cash and cash equivalents
$ 9,093,349
$ 13,366,272
Other current assets
1,262,140
950,753
TOTAL CURRENT ASSETS
10,355,489
14,317,025
Other assets
2,869,587
2,917,726
TOTAL ASSETS
$ 13,225,076
$ 17,234,751
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Other current liabilities
$ 996,752
$ 1,353,316
Derivative liabilities – non-consenting warrants
428,548
955,173
Derivative liabilities – consenting warrants
9,832,745
11,912,906
Current liabilities from discontinued operations
373,199
555,810
TOTAL CURRENT LIABILITIES
11,631,244
14,777,205
Other liabilities
11,528
-
TOTAL LIABILITIES
11,642,772
14,777,205
TOTAL STOCKHOLDERS' EQUITY
1,582,304
2,457,546
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$ 13,225,076
$ 17,234,751
Non-GAAP – Financial Measure
The following discussion and analysis contains a non-GAAP financial measure. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position or cash flows that either excludes or includes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles (GAAP). Non-GAAP financial measures should be viewed as supplemental to, and should not be considered as alternative to, net income, operating income, and cash flow from operating activities, liquidity or any other financial measures. Non-GAAP financial measures may not be indicative of the historical operating results of the Company nor are they intended to be predictive of potential future financial results. Investors should not consider non-GAAP financial measures in isolation or as substitutes for performance measures calculated in accordance with GAAP.
Management believes stockholders benefit from referring to the Adjusted EBITDA in planning, forecasting, and analyzing future periods. Management uses this non-GAAP financial measure in evaluating its financial and operational decision making and as a means of evaluating period to period comparison.
We define Adjusted EBITDA as net loss from operations adjusted for non-cash charges from depreciation and amortization and stock compensation. Management believes Adjusted EBITDA is an important measure of our operating performance because it allows management, investors and analysts to evaluate and assess our core operating results from period to period after removing the impact of significant non-cash charges that effect comparability between reporting periods. Our management recognizes that Adjusted EBITDA has inherent limitations because of the excluded items.
We have included a reconciliation of our non-GAAP financial measure to loss from operations as calculated in accordance with GAAP. We believe that providing the non-GAAP financial measure, together with the reconciliation to GAAP, helps investors make comparisons between the Company and other companies. In making any comparisons to other companies, investors need to be aware that companies use different non-GAAP measures to evaluate their financial performance. Investors should pay close attention to specific definitions being used and to the reconciliation between such measures and the corresponding GAAP measures provided by each company under applicable rules of the Securities and Exchange Commission ("SEC").
View original content:http://www.prnewswire.com/news-releases/healthier-choices-management-corp-reports-second-quarter-2017-financial-results-300493762.html
SOURCE Healthier Choices Management Corp.
@newswire Healthier Choices Management Corp. Reports Second Quarter 2017 Financial Results @newswire/healthier-choices-management-corp-reports-second-quarter $HCMC 0 from #newsroom, 25 Jul 2017, 16:45
SOURCE HOSSEYN GOODBYE
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
SOURCE: Cherubim Interests Inc.
Cherubim Interests Inc.
Cherubim Interests Inc.
July 25, 2017 09:00 ET
Cherubim Interests, Inc. Subsidiary Provides Progress Report On GreenPhoria Farms Construction Project
PORTLAND, OR--(Marketwired - Jul 25, 2017) - Budcube Construction Services ("BCS"), a subsidiary of Cherubim Interests, Inc. (OTC PINK: CHIT) ("the Company"), an expansion-stage alternative construction and real estate development company, provides progress report with respect to Greenphoria Farms' tenant finish out project.
Greenphoria Farms is a cannabis producer with twelve proprietary strains and over 30 years of cultivation expertise in the industry. The company currently has approximately 20,000 sq. feet under lease in Hillsboro Oregon, and intends on introducing its proprietary strains to the industry as early as 3rd quarter 2017.
"We have made considerable progress on the GreenPhoria Farms project," said CHIT CEO Patrick Johnson. "We have completed 100% of all required demolition, 80% completion of final prints and designs, 80% completion of floor work, and 40% completion of Truss Core wall panel preparation. The next steps will be to install Truss Core paneling on one side of the walls which will enable the plumbing, electrical and HVAC trades to begin their work and the City of Hillsboro to begin their wall inspections," said Johnson.
A video tour of the facility can be found here: https://drive.google.com/file/d/0BzaIniUYIoHfdGhsUkxoNzM4OUE/view?usp=sharing
IMPORTANT DISCLOSURE: Cherubim Interests, Inc. (OTC PINK: CHIT) and BudCube Cultivation Systems USA is planning execution of its stated business objectives in accordance with current understanding of State and Local Laws and Federal Enforcement Policies and Priorities as it relates to Marijuana (as outlined in the Justice Department's Cole Memo dated August 29, 2013), and plan to proceed cautiously with respect to legal and compliance issues. Potential investors and shareholders are cautioned that the companies will obtain advice of counsel prior to actualizing any portion of their business plan. Advice of counsel with regard to specific activities of the companies, Federal, State or Local legal action or changes in Federal Government Policy and/or State and Local Laws may adversely affect business operations and shareholder value.
About BudCube Cultivation Systems
BudCube Cultivation Systems USA ("BCS") has developed a proprietary, fully portable and scalable, Controlled Environment Cultivation Technology that serves as a turnkey solution for cultivators of legal medical and recreational cannabis, as well as any other plant species. Coupled with a real estate development and property management business model, BudCube Cultivation Systems can position itself anywhere in the world where the cultivation of cannabis is legal.
BCS provides cultivation solutions for commercial application. It offers cultivators quick entry into a fast growing market at a price point that is very attractive when compared to the traditional construction and cultivation solution. BCS features a business model unparalleled in the industry and stands to benefit greatly as more and more market participants seek to gain entry into this sector.
For more information, visit www.budcube.com
About Cherubim Interests Inc.
Cherubim Interests specializes in alternative construction projects, as well as covering the entire spectrum of real estate development: due diligence, acquisition, planning, construction, renovation, and management; providing complete beginning-to-end development programs for mixed use, single, and multifamily projects and properties.
For more information, visit www.cherubiminterests.com
Safe Harbor Statement
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
CONTACT INFORMATION
For more information please contact:
Cherubim Interests, Inc.
Patrick J. Johnson
Chief Executive Officer
(844) 842-8872
pjohnson@cherubiminterests.com
SOURCE HOSSEYN
GOODBYE
DEAR MR. JACOB DIMARTINO, I HAVE AN IDEA:
PLACING A DB MICROPHONE WITHIN THE APP WILL HELP AID VICTIMS ALERT THE APP OF THEFT.
THANKS HOSSEYN
"HELP MAKE RDAR STRONGER AND BRIGHTER AND MORE EFFECTIVE"
THANKS
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
Investors Double Down on RAADR
Source: Access Wire
PHOENIX, AZ / ACCESSWIRE / July 13, 2017 / RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms through its artificially intelligent proprietary web-based application, is announcing Thursday, July 13th that they have secured a new group of private tech investors.
The private group has agreed to back further development of the RAADR, Bully RAADR, and Enforcement Raadr platforms through previously mentioned licensing agreements. RAADR originally announced this licensing agreement in the press on June 16th ,2017. Please look at this link for reference: http://www.otcmarkets.com/stock/RDAR/news?id=162308. Details around the funding were requested to remain secret until such a time this high-profile group of investors are ready to announce. This type of funding will be unlike anything Raadr has ever been a part of.
Raadr will be focusing tremendous effort on keyword and facial recognition and making the technology more accessible to the everyday customer. This is a crucial and more powerful aspect of development that over exceeds Raadr's initial application. These updates will allow users and parents to use the application in a more powerful and effective way through RAADR's APIS and developer tools. Raadr has a lot to accomplish to reach this goal and this new group of investors believe strongly in the technology team based on all that RAADR has technologically accomplished up until this point.
The opportunity for continued growth for RAADR, Bully RAADR, and Enforcement RAADR is very prominent and could not have arrived at a better time especially with how important and relevant the issue of cyberbullying has become. "We are all very excited about what the future holds for its shareholders" says CEO, Jacob Dimartino.
About RAADR, Inc.:
RAADR, Inc., makers of the artificial intelligent proprietary technology application RAADR©, have developed a web-based tool that provides families with peace of mind when it comes to knowing that children are safe from bullying and predatory behavior unfortunately so prevalent today. By customizing their own unique monitoring and alert settings, parents and guardians can be alerted when their children's Facebook, Twitter, Instagram and other pertinent social media platforms under scrutiny become posted with inappropriate language. By utilizing customized keywords chosen by the user that are added to an already existing database, parents and guardians can carry a sense of assuredness that the youth they love and are responsible for are safe and acting in a fun, yet appropriate manner. No parent or guardian has the time or resources to be in constant surveillance of all the Social Media platforms in which their children might be active. Nor do most children want intense scrutiny of their updates and postings, despite the best intentions. You want to trust your children, while at the same time knowing that you are protecting them. RAADR© gives families the ability to protect their image, combat erroneous postings and for individuals safeguard their children from online bullying. The Company's core competency is focused on building and acquiring apps and other products, services and companies to build a nationwide network of related businesses that are positioned to serve the mobile app development needs of small businesses and individuals.
Safe Harbor:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of RAADR, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond RAADR, Inc.'s ability to control and their actual results may differ materially from those projected in the forward-looking statements because of various factors. More information about the potential factors that could affect the business and financial results is and will be included in RAADR, Inc.'s filings with the Securities and Exchange Commission.
SOURCE: RAADR, Inc.
SOURCE: HOSSEYN
GOODBYE
YOUR RIGHT
YOUR RIGHT
DEAR MR. JACOB DIMARTINO, I HAVE AN IDEA:
PLACING A DB MICROPHONE WITHIN THE APP WILL HELP AID VICTIMS ALERT THE APP OF THEFT.
THANKS HOSSEYN
"HELP MAKE RDAR STRONGER AND BRIGHTER AND MORE EFFECTIVE"
THANKS
Investors Double Down on RAADR
Source: Access Wire
PHOENIX, AZ / ACCESSWIRE / July 13, 2017 / RAADR, Inc. (OTC PINK: RDAR), a technology and software development company that monitors cyber-bullying and social media platforms through its artificially intelligent proprietary web-based application, is announcing Thursday, July 13th that they have secured a new group of private tech investors.
The private group has agreed to back further development of the RAADR, Bully RAADR, and Enforcement Raadr platforms through previously mentioned licensing agreements. RAADR originally announced this licensing agreement in the press on June 16th ,2017. Please look at this link for reference: http://www.otcmarkets.com/stock/RDAR/news?id=162308. Details around the funding were requested to remain secret until such a time this high-profile group of investors are ready to announce. This type of funding will be unlike anything Raadr has ever been a part of.
Raadr will be focusing tremendous effort on keyword and facial recognition and making the technology more accessible to the everyday customer. This is a crucial and more powerful aspect of development that over exceeds Raadr's initial application. These updates will allow users and parents to use the application in a more powerful and effective way through RAADR's APIS and developer tools. Raadr has a lot to accomplish to reach this goal and this new group of investors believe strongly in the technology team based on all that RAADR has technologically accomplished up until this point.
The opportunity for continued growth for RAADR, Bully RAADR, and Enforcement RAADR is very prominent and could not have arrived at a better time especially with how important and relevant the issue of cyberbullying has become. "We are all very excited about what the future holds for its shareholders" says CEO, Jacob Dimartino.
About RAADR, Inc.:
RAADR, Inc., makers of the artificial intelligent proprietary technology application RAADR©, have developed a web-based tool that provides families with peace of mind when it comes to knowing that children are safe from bullying and predatory behavior unfortunately so prevalent today. By customizing their own unique monitoring and alert settings, parents and guardians can be alerted when their children's Facebook, Twitter, Instagram and other pertinent social media platforms under scrutiny become posted with inappropriate language. By utilizing customized keywords chosen by the user that are added to an already existing database, parents and guardians can carry a sense of assuredness that the youth they love and are responsible for are safe and acting in a fun, yet appropriate manner. No parent or guardian has the time or resources to be in constant surveillance of all the Social Media platforms in which their children might be active. Nor do most children want intense scrutiny of their updates and postings, despite the best intentions. You want to trust your children, while at the same time knowing that you are protecting them. RAADR© gives families the ability to protect their image, combat erroneous postings and for individuals safeguard their children from online bullying. The Company's core competency is focused on building and acquiring apps and other products, services and companies to build a nationwide network of related businesses that are positioned to serve the mobile app development needs of small businesses and individuals.
Safe Harbor:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of RAADR, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond RAADR, Inc.'s ability to control and their actual results may differ materially from those projected in the forward-looking statements because of various factors. More information about the potential factors that could affect the business and financial results is and will be included in RAADR, Inc.'s filings with the Securities and Exchange Commission.
SOURCE: RAADR, Inc.
YOUR RIGHT
YOUR RIGHT
YOUR RIGHT
YOUR RIGHT
YOUR RIGHT
Ummmmmmmmm
Yeah
THUNDER
SOURCE: GREETINGS HERE IS THE NEWS YOU ASKED FOR
SOURCE: Halitron, Inc.
Halitron, Inc.
July 24, 2017 17:00 ET
Halitron, Inc. Broadens its Target Acquisitions to Include Multi-Billion-Dollar Industries
Strong focus on beverage, technology, consumer goods, and manufacturing sectors
NEWTOWN, CT--(Marketwired - Jul 24, 2017) - Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a multisector holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced a number of new and exciting sectors under review including high growth beverage and consumer product businesses among others.
With the auditing process almost complete, Halitron is now implementing a strategy of broadening its portfolio with high growth and high margin companies across multiple sectors of the market. Recently, Management has been presented business opportunities in these new sectors and is researching each opportunity and its potential strategic fit within the Halitron operating model. These companies could bring expertise and new strategies for growth and achieving a higher valuation, which are congruent with Halitron's objectives.
Halitron plans to begin its selection process and initiate due diligence on new targets during Q3 2017.
About Halitron, Inc.
Halitron, Inc., a multisector holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. Management targets operating entities that can either benefit from current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations. For more information on Halitron, Inc., please visit: www.halitroninc.com.
To learn more about our business model, please visit:
http://halitroninc.com/corporate-events/
Halitron is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. Halitron, Inc is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron, Inc. is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron, Inc. is not registered with FINRA or SIPC.
CONTACT INFORMATION
Contact:
Halitron Investor Relations
3 Simms Lane, Suite 2F, Newtown, CT 06470
1-877-710-9873
www.halitroninc.com
info@halitroninc.com
THUNDER
SOURCE:HELLO HERE IS THE NEWS ASKED FOR
Displaying Results for TPAC
Refine Advanced Search
Search Type
News Releases
MAY 08, 2017, 18:57 ET
Currency Talk Presents: Trans-Pacific Services
@irmoneymatters. TPAC FIC reconstructs the financial floor by working with new partners that deliver alternative financial solutions to establish revenue generating systems, independent of traditional contracts, which makes TPAC less vulnerable to markets downturns. TPAC FIC transforms TPAC shareholders
MAY 04, 2017, 06:24 ET
Trans-Pacific Aerospace Reports Entry into Electric Transport Sector
SAN MARINO, Calif., May 4, 2017 /PRNewswire/ -- Trans-Pacific Aerospace Company, Inc. ("TPAC" or "Company") (OTCBB: TPAC), wishes to disclose its entry into the electric transport ("E-transport") industry. The Company has signed a global distribution
MAY 01, 2017, 15:59 ET
Currency Talk Presents: Trans-Pacific Services
TPAC Nails It. TPAC FIC is reconstructing its financial floor by working with new partners that deliver alternative financial solutions to establish revenue generating systems, independent of traditional contracts, which makes TPAC less vulnerable to markets downturns. TPAC FIC
JAN 11, 2017, 12:03 ET
Trans-Pacific Aerospace Announces Signing of Letter of Intent
Aerospace Company, Inc. ("TPAC" or "Company") (OTC-PINK: TPAC), announces that it has recently signed a letter of intent with a well-known North American Aerospace manufacturing company ("NAACO"), through which TPAC will acquire a meaningful
View All News Releases Results
Organizations
No results found.
Browse All Organizations
Multimedia
MAY 08, 2017, 18:57 ET
Currency Talk Presents: Trans-Pacific Services
MAY 04, 2017, 06:24 ET
Trans-Pacific Aerospace Reports Entry into Electric Transport Sector
JAN 11, 2017, 12:03 ET
Trans-Pacific Aerospace Announces Signing of Letter of Intent
View All Multimedia Results
Products
No results found.
Browse All Solutions
Resources
No results found.
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
http://globenewswire.com/news-release/2017/03/28/945895/0/en/HCTI-DTSC-Moves-Further-Towards-New-Regulations-in-Spray-Foam-Market.html
HCTI: DTSC Moves Further Towards New Regulations in Spray Foam Market
March 28, 2017 09:32 ET | Source: Hybrid Coating Technologies Inc.
SAN FRANCISCO, March 28, 2017 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTC Pink:HCTI) is pleased to announce that the California Department of Toxic Substances Control (DTSC) recently announced a proposal to list spray polyurethane foam insulation (SPF) materials containing unreacted methylene diphenyl diisocyanates (MDI), a key component in SPF, as a “Priority Product” under the state’s Safer Consumer Products Program. Now that MDI type isocyanates are listed as a Priority Product, manufacturers of spray foam in California will be required to supply a detailed analysis report showing alternative chemicals they will use in the future to replace isocyanates currently used in spray foam. The DTSC will then take this into consideration when drafting new legislation regarding isocyanates in spray foam. If the manufacturer fails to supply this report, then the responsibility falls on the importer, distributor and finally the retailer. If this fails, then the products would be removed from retailers’ shelves. “We are very pleased that the DTSC has moved one step closer to legislating against isocyanates,” said Joseph Kristul President and CEO. “As the leader in zero isocyanate polyurethane formulations we would be well positioned to benefit from this legislative change.”
The insulation market in the US alone will reach $10.4B by 2019 of which almost half will be comprised of sprayable foam.
See below for more details on the DTSC’s action against isocyanates:
http://www.dtsc.ca.gov/SCP/upload/SPF_ISOR.pdf
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hybrid Coating Technologies Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hybrid Coating Technologies Inc undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Hybrid Coating Technologies Inc. expectations.
"New To The Street" to Broadcast Nationally
NEW YORK, NY--(Marketwired - Nov 11, 2014) - " New To The Street " will be airing nationally on the ION Network on December 4, 2014 at 9:30 am reaching 100M households. This show will feature HydroCarb Energy Corp ( OTCQB : HECC ) with insight from Kent Wa...
11/11/2014 12:03:26 PM
"New To The Street" Announces Upcoming Episodes, Clients, and Themes
NEW YORK, NY--(Marketwired - Nov 7, 2014) - " New To The Street " would like to introduce Hybrid Coating Technologies ( OTCQB : HCTI ) and its upcoming interview to be broadcast Monday, November 10 th at 7:00 am on the ION Network WPXN , as well as our ongoing intervi...
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
SOURCE: Simlatus Corporation
Simlatus Corporation
June 20, 2017 09:00 ET
New SyncPal to Hit Market
Simlatus Forges Ahead With Revenues and New Products
GRASS VALLEY, CA--(Marketwired - Jun 20, 2017) - Simlatus Corporation (OTC PINK: SIML) announces today the company has begun manufacturing its new SyncPal immersive product and anticipate making deliveries next month in July.
The company's Chief Executive Officer, Bob Stillwaugh, discussed the 2017 roll-out of another innovative commercial broadcast product referred to as SyncPal. Stillwaugh stated, "The SyncPal has a target of 10,000 studios in the USA alone. Many of these studios continue to have embedded audio/video lip-sync problems and our SyncPal is a solution. The potential revenue is approximately $30M, and to date we have received orders for over $500,000 which is 300% above our projected revenue for SyncPal's 2017 sales. More important is that we already have positive relationships with many of these studios, and they will be responsive to our cost effective solution to improve the quality of their program."
ABOUT SIMLATUS: www.simlatus.com
Simlatus Corporation designs, manufactures and sells commercial audio and video broadcast equipment worldwide. The company has a current expanding revenue base in the broadcast industry with long-term national and international distribution. Our customers include large broadcast giants such as CBS, NBC, ABC, FOX, ESPN and DIRECTV, as well as many smaller broadcast customers which include religious facilities, international broadcast facilities, colleges, and radio stations. The new Simlatus-IBS™ will allow the company to capitalize in the $150B growing industry of augmented/virtual reality.
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.
CONTACT INFORMATION
Contact:
Tom Nelson
Tenassociates33@gmail.com
1-480-326-8577
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
SOURCE: AlumiFuel
July 12, 2017 11:43 ET
AlumiFuel Revenue Jumps 40.7%
CENTENNIAL, CO--(Marketwired - Jul 12, 2017) - AlumiFuel Power Corporation (OTC PINK: AFPW) ("AlumiFuel" or the "Company") today announced preliminary revenue results for the first and second quarters of 2017.
For the first quarter ended March 31, 2017, AlumiFuel recorded total topline revenue of approximately $302,000. For the second quarter ended June 30, 2017, AlumiFuel recorded total topline revenue of approximately $425,000, representing a quarter to quarter revenue increase of approximately 40.7%.
The Company also confirmed it has obtained the necessary shareholder votes to amend to its Articles of Incorporation, reducing its authorized shares as previously disclosed. Said amendment was submitted to the State of Wyoming on June 10, 2017.
Lastly, the Company confirmed its intention of becoming current with otcmarkets.com. The Company expects to submit its financial results for all unreleased quarters within the next 90 days and will subsequently file for an official name change with FINRA to become Phoenix Equity Holdings Corporation. AlumiFuel Power Corporation is a voluntary SEC filer and intends to adopt the Alternative Reporting Standard with the OTC Markets Group.
The information in this release is preliminary and based upon the information available to the Company as of the date of this release. The information above is forward-looking information and subject to revision or adjustment. However, the Company does not expect material revisions to these preliminary results.
About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
CONTACT INFORMATION
CONTACT:
AlumiFuel Power Corporation
641-715-3900 x385402
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
EnglishFrançais
Register Sign In
World Health Energy Holdings Inc. Announces That it is incorporating next generation payment card security VRI Voice Recognition Identification into the WHEN 1 Bank software
July 13, 2017 09:58 ET | Source: World Health Energy Holdings, Inc.
NEW YORK, July 13, 2017 (GLOBE NEWSWIRE) -- World Health Energy Holdings (OTC PINK:WHEN), a diversified energy, health and financial software company (www.worldhealthenergy.com) (www.whentrade.com) announced today that it is working on several innovative security apps to upgrade the industry standard protection for the Bank card industry, the first is VRI Voice Recognition Identification. The VRI system will be incorporated into WHEN 1 Bank software and if used will greatly reduce online identity & card theft.
While the Global online market increased to over387 billion transactions see http://paybefore.com/pay-world/non-cash-transactions-grow-8-9-percent-globally/
The Global losses from online fraud according to The Nilson report were over 24 Billion USD in 2016 https://www.nilsonreport.com/upload/content_promo/The_Nilson_Report_10-17-2016.pdf
Currently the industry has developed the PCI security standards https://www.pcisecuritystandards.org/pci_security/
But despite these standards the losses are staggering. The industry needs better security software. WHEN's team is focused on developing next generation technology to protect banks and consumers.
Its first security feature will be VRI Voice Recognition Identification software which will be incorporated into the WHEN 1 next generation Bank software.
WHEN CEO Mr. Uri Tadelis said that "We at WHEN are dedicated to deliver the markets best next generation security financial software. We are excited to share this first VRI Voice Recognition Identification feature and look forward to announcing other innovative features in 2017 and 2018."
WHEN Trade (www.whentrade.com) is a WHEN company focused on software for financial markets and will also provide live customer accounts.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for Corporate press releases and periodic industry updates by sending an e-mail to info@worldhealthenergy.com
About World Health Energy Holdings (www.worldhealthenergy.com)
World Health Energy Holdings, Inc. (WHEN) is a diversified energy, health and financial software company.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. WHEN has great potential but is not yet generating revenues. Although Forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subjected to known, unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contacts:
World Health Energy Holdings, Inc
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
Related Articles
other press releases by World Health Energy Holdings, Inc.
World Health Energy Holdings Inc. Announces Successful development of WHEN 1 New Financial software for Debit Cards & General Banking
July 05, 2017 09:35
World Health Energy Holdings Inc. Announces Launch of Online Trading Platform for Foreign Exchange and Futures Trading
September 26, 2016 11:36
516
other news releases in
PRODUCT / SERVICES ANNOUNCEMENT
in the last 30 days
Profile
World Health Energy Holdings, Inc.
Subscribe via RSS
Subscribe via ATOM
Javascript
New York, New York, UNITED STATES
Contact Data
Contacts:
World Health Energy Holdings, Inc
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
Contact
SOURCE: HOSSEYN
SORRY FOR ALL THE POSTS TODAY
THUNDER
SOURCE: HELLO HERE IS THE NEWS TOU ASKED FOR
SOURCE: Cre8tive Works, Inc.
Cre8tive Works, Inc.
July 13, 2017 06:30 ET
Cre8tive Works to Explore Opportunity in Cyber Security
SCOTTSDALE, AZ--(Marketwired - Jul 13, 2017) - Cre8tive Works, Inc. (OTC PINK: FILM) ("Cre8tive") would like to advise shareholders that it has recently been presented with an opportunity to become involved with the development and launch of an IoT cyber security application. This opportunity was brought to the attention of management by a shareholder of Cre8tive. Upon initial review, management feels that this opportunity holds merit and is worth pursuing. It remains the number one objective of Cre8tive to look for quality opportunities that will build long term shareholder value and management feels that this project meets those requirements and has an excellent chance of success. Management of Cre8tive is now in talks with the key individuals to further clarify the business model and define the extent and scope of Cre8tive's participation. The application under development provides IoT security protection to wireless devices in hospitals.
In addition to participating in the development of the technology, Cre8tive will be responsible for writing and shooting the instructional video for the users of the technology followed by a series of videos on how to protect oneself from cyber-attacks for release to the general public.
"Cre8tive's main focus remains the development film projects but it is felt that in the best interest of shareholders, this particular opportunity was worth pursing," stated Lisa Nelson, President of Cre8tive Works. "This is a very unique project which could put us in substantial revenue quickly thereby allowing Cre8tive to internally finance our film projects. Also, cyber security is very much at the forefront of people's minds with all the recent hacking scandals and this particular application is very relevant combining health and technology which everyone can relate to," continued Ms. Nelson.
About Cre8tive Works, Inc.
Cre8tive Works is traded under the uniquely fitting ticker symbol 'FILM' and specializes in the financing of production ready, independent films that have great potential for financial success. The Company's mission is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Cre8tive Works, Inc.'s filings with OTC Markets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT INFORMATION
Investor Relations
Ten Associates LLC
11529 N. 120th St.
Scottsdale, Arizona
85259 USA
Telephone: 480-326-8577
Contact: Thomas E. Nelson
Email: tenassociates33@gmail.com
TEN Associates LLC
480-326-8577
tenassociates33@gmail.com
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: THUNDER
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
SOURCE: AlumiFuel
July 12, 2017 11:43 ET
AlumiFuel Revenue Jumps 40.7%
CENTENNIAL, CO--(Marketwired - Jul 12, 2017) - AlumiFuel Power Corporation (OTC PINK: AFPW) ("AlumiFuel" or the "Company") today announced preliminary revenue results for the first and second quarters of 2017.
For the first quarter ended March 31, 2017, AlumiFuel recorded total topline revenue of approximately $302,000. For the second quarter ended June 30, 2017, AlumiFuel recorded total topline revenue of approximately $425,000, representing a quarter to quarter revenue increase of approximately 40.7%.
The Company also confirmed it has obtained the necessary shareholder votes to amend to its Articles of Incorporation, reducing its authorized shares as previously disclosed. Said amendment was submitted to the State of Wyoming on June 10, 2017.
Lastly, the Company confirmed its intention of becoming current with otcmarkets.com. The Company expects to submit its financial results for all unreleased quarters within the next 90 days and will subsequently file for an official name change with FINRA to become Phoenix Equity Holdings Corporation. AlumiFuel Power Corporation is a voluntary SEC filer and intends to adopt the Alternative Reporting Standard with the OTC Markets Group.
The information in this release is preliminary and based upon the information available to the Company as of the date of this release. The information above is forward-looking information and subject to revision or adjustment. However, the Company does not expect material revisions to these preliminary results.
About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
CONTACT INFORMATION
CONTACT:
AlumiFuel Power Corporation
641-715-3900 x385402
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
Toggle navigation
Marketwired
SOURCE: Halitron, Inc.
Halitron, Inc.
July 14, 2017 17:00 ET
Halitron, Inc. Cancels 1.3 Billion Shares and Closes Section 3(a)(10) Debt Transaction
Remaining Section 3(a)(10) Debt Transaction Canceled and Fully Diluted Shares Outstanding Decreased by 31%
NEWTOWN, CT--(Marketwired - Jul 14, 2017) - Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced that the two final payments totaling $63,471 that were forecasted to be paid through the issuance of an estimated 1.3 Billion free trading shares based on the Section 3(a)(10) Fairness Hearing process as outlined in the Form 8-K filing with the Securities and Exchange Commission on May 15, 2017 will not be completed and the share reserve agreement has been canceled.
Management decided it was in the best interests of Halitron, Inc. shareholders to negotiate the closure of the Section 3(a)(10) agreement with Northbridge Financial. 1.3 billion shares, if issued, would have totaled 31% of total shares outstanding upon conversion (2,859,303,373 Outstanding Shares + 1,269,420,000 Estimated 3a10 Shares = 4,128,723,373). With the current share price and market capitalization at a low-level, closing at $0.0004 per share on July 13, 2017, it was a strategic decision to work through the mechanics of negotiating the release of the $63,471 in debt from Northbridge, which places the debt with the vendor back on the financial statements of the Company. One of the main objectives of going through the Section 3(a)(10) was to get professional fees paid in full so we can complete the objective of finishing the audit. Those payments were made in full. Significant payments were made against the other vendors which has only $63,471 remaining and Management feels that through upcoming transactions we will be able to honor those commitments and advance the Company's growth model.
The last Corporate Stock Issuance whereby debt was converted into free trading shares was June 26, 2017.
Outstanding shares and float as of July 14, 2017:
Outstanding Shares - 2,859,303,373
Float - 2,641,030,061
About Halitron, Inc.
Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units; Sales & Marketing Division and a Manufacturing Division. Management targets operating entities that can either benefit from current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations. For more information on Halitron, Inc., please visit: www.halitroninc.com.
To learn more about our business model, please visit:
http://halitroninc.com/corporate-events/
Halitron is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. Halitron, Inc is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron, Inc. is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron, Inc. is not registered with FINRA or SIPC.
CONTACT INFORMATION
Contact:
Halitron Investor Relations
3 Simms Lane, Suite 2F, Newtown, CT 06470
1-877-710-9873
www.halitroninc.com
info@halitroninc.com
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
Toggle navigation
Marketwired
SOURCE: Halitron, Inc.
Halitron, Inc.
July 14, 2017 17:00 ET
Halitron, Inc. Cancels 1.3 Billion Shares and Closes Section 3(a)(10) Debt Transaction
Remaining Section 3(a)(10) Debt Transaction Canceled and Fully Diluted Shares Outstanding Decreased by 31%
NEWTOWN, CT--(Marketwired - Jul 14, 2017) - Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced that the two final payments totaling $63,471 that were forecasted to be paid through the issuance of an estimated 1.3 Billion free trading shares based on the Section 3(a)(10) Fairness Hearing process as outlined in the Form 8-K filing with the Securities and Exchange Commission on May 15, 2017 will not be completed and the share reserve agreement has been canceled.
Management decided it was in the best interests of Halitron, Inc. shareholders to negotiate the closure of the Section 3(a)(10) agreement with Northbridge Financial. 1.3 billion shares, if issued, would have totaled 31% of total shares outstanding upon conversion (2,859,303,373 Outstanding Shares + 1,269,420,000 Estimated 3a10 Shares = 4,128,723,373). With the current share price and market capitalization at a low-level, closing at $0.0004 per share on July 13, 2017, it was a strategic decision to work through the mechanics of negotiating the release of the $63,471 in debt from Northbridge, which places the debt with the vendor back on the financial statements of the Company. One of the main objectives of going through the Section 3(a)(10) was to get professional fees paid in full so we can complete the objective of finishing the audit. Those payments were made in full. Significant payments were made against the other vendors which has only $63,471 remaining and Management feels that through upcoming transactions we will be able to honor those commitments and advance the Company's growth model.
The last Corporate Stock Issuance whereby debt was converted into free trading shares was June 26, 2017.
Outstanding shares and float as of July 14, 2017:
Outstanding Shares - 2,859,303,373
Float - 2,641,030,061
About Halitron, Inc.
Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units; Sales & Marketing Division and a Manufacturing Division. Management targets operating entities that can either benefit from current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations. For more information on Halitron, Inc., please visit: www.halitroninc.com.
To learn more about our business model, please visit:
http://halitroninc.com/corporate-events/
Halitron is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. Halitron, Inc is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron, Inc. is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron, Inc. is not registered with FINRA or SIPC.
CONTACT INFORMATION
Contact:
Halitron Investor Relations
3 Simms Lane, Suite 2F, Newtown, CT 06470
1-877-710-9873
www.halitroninc.com
info@halitroninc.com
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
SOURCE: Halitron, Inc.
Halitron, Inc.
July 14, 2017 17:00 ET
Halitron, Inc. Cancels 1.3 Billion Shares and Closes Section 3(a)(10) Debt Transaction
Remaining Section 3(a)(10) Debt Transaction Canceled and Fully Diluted Shares Outstanding Decreased by 31%
NEWTOWN, CT--(Marketwired - Jul 14, 2017) - Halitron, Inc. (the "Company," "Halitron") (OTC PINK: HAON), a holding company implementing a roll-up of sales, marketing, and manufacturing businesses, today announced that the two final payments totaling $63,471 that were forecasted to be paid through the issuance of an estimated 1.3 Billion free trading shares based on the Section 3(a)(10) Fairness Hearing process as outlined in the Form 8-K filing with the Securities and Exchange Commission on May 15, 2017 will not be completed and the share reserve agreement has been canceled.
Management decided it was in the best interests of Halitron, Inc. shareholders to negotiate the closure of the Section 3(a)(10) agreement with Northbridge Financial. 1.3 billion shares, if issued, would have totaled 31% of total shares outstanding upon conversion (2,859,303,373 Outstanding Shares + 1,269,420,000 Estimated 3a10 Shares = 4,128,723,373). With the current share price and market capitalization at a low-level, closing at $0.0004 per share on July 13, 2017, it was a strategic decision to work through the mechanics of negotiating the release of the $63,471 in debt from Northbridge, which places the debt with the vendor back on the financial statements of the Company. One of the main objectives of going through the Section 3(a)(10) was to get professional fees paid in full so we can complete the objective of finishing the audit. Those payments were made in full. Significant payments were made against the other vendors which has only $63,471 remaining and Management feels that through upcoming transactions we will be able to honor those commitments and advance the Company's growth model.
The last Corporate Stock Issuance whereby debt was converted into free trading shares was June 26, 2017.
Outstanding shares and float as of July 14, 2017:
Outstanding Shares - 2,859,303,373
Float - 2,641,030,061
About Halitron, Inc.
Halitron, Inc., a holding company, is focused on acquiring sales, marketing, and manufacturing businesses, and then rolling them into an efficient, low-cost operating infrastructure. The Company is structured with two Strategic Business Units; Sales & Marketing Division and a Manufacturing Division. Management targets operating entities that can either benefit from current operating infrastructure or operate autonomously and offer an additional product or service to scale existing operations. For more information on Halitron, Inc., please visit: www.halitroninc.com.
To learn more about our business model, please visit:
http://halitroninc.com/corporate-events/
Halitron is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron is not registered with FINRA or SIPC.
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control. Halitron, Inc is neither an underwriter as the term is defined in Section 2(a)(11) of the Securities Act of 1933, nor an investment company pursuant to the Investment Company Act of 1940. Halitron, Inc. is not an investment adviser pursuant to the Investment Advisers Act of 1940. Halitron, Inc. is not registered with FINRA or SIPC.
CONTACT INFORMATION
Contact:
Halitron Investor Relations
3 Simms Lane, Suite 2F, Newtown, CT 06470
1-877-710-9873
www.halitroninc.com
info@halitroninc.com
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: HOSSEYN
THUNDER
SOURCE: HERE IS THE NEWS YOU ASKED FOR:
Register Sign In
World Health Energy Holdings Inc. Announces That it is incorporating next generation payment card security VRI Voice Recognition Identification into the WHEN 1 Bank software
July 13, 2017 09:58 ET | Source: World Health Energy Holdings, Inc.
NEW YORK, July 13, 2017 (GLOBE NEWSWIRE) -- World Health Energy Holdings (OTC PINK:WHEN), a diversified energy, health and financial software company (www.worldhealthenergy.com) (www.whentrade.com) announced today that it is working on several innovative security apps to upgrade the industry standard protection for the Bank card industry, the first is VRI Voice Recognition Identification. The VRI system will be incorporated into WHEN 1 Bank software and if used will greatly reduce online identity & card theft.
While the Global online market increased to over387 billion transactions see http://paybefore.com/pay-world/non-cash-transactions-grow-8-9-percent-globally/
The Global losses from online fraud according to The Nilson report were over 24 Billion USD in 2016 https://www.nilsonreport.com/upload/content_promo/The_Nilson_Report_10-17-2016.pdf
Currently the industry has developed the PCI security standards https://www.pcisecuritystandards.org/pci_security/
But despite these standards the losses are staggering. The industry needs better security software. WHEN's team is focused on developing next generation technology to protect banks and consumers.
Its first security feature will be VRI Voice Recognition Identification software which will be incorporated into the WHEN 1 next generation Bank software.
WHEN CEO Mr. Uri Tadelis said that "We at WHEN are dedicated to deliver the markets best next generation security financial software. We are excited to share this first VRI Voice Recognition Identification feature and look forward to announcing other innovative features in 2017 and 2018."
WHEN Trade (www.whentrade.com) is a WHEN company focused on software for financial markets and will also provide live customer accounts.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for Corporate press releases and periodic industry updates by sending an e-mail to info@worldhealthenergy.com
About World Health Energy Holdings (www.worldhealthenergy.com)
World Health Energy Holdings, Inc. (WHEN) is a diversified energy, health and financial software company.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. WHEN has great potential but is not yet generating revenues. Although Forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subjected to known, unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contacts:
World Health Energy Holdings, Inc
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
Related Articles
other press releases by World Health Energy Holdings, Inc.
World Health Energy Holdings Inc. Announces Successful development of WHEN 1 New Financial software for Debit Cards & General Banking
July 05, 2017 09:35
World Health Energy Holdings Inc. Announces Launch of Online Trading Platform for Foreign Exchange and Futures Trading
September 26, 2016 11:36
456
other news releases in
PRODUCT / SERVICES ANNOUNCEMENT
in the last 30 days
Profile
World Health Energy Holdings, Inc.
Subscribe via RSS
Subscribe via ATOM
Javascript
New York, New York, UNITED STATES
Contact Data
Contacts:
World Health Energy Holdings, Inc
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
Contact
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
Cre8tive Works to Explore Opportunity in Cyber Security
July 13, 2017 06:30 ET
SCOTTSDALE, AZ--(Marketwired - Jul 13, 2017) - Cre8tive Works, Inc. (OTC PINK: FILM) ("Cre8tive") would like to advise shareholders that it has recently been presented with an opportunity to become involved with the development and launch of an IoT cyber security application. This opportunity was brought to the attention of management by a shareholder of Cre8tive. Upon initial review, management feels that this opportunity holds merit and is worth pursuing. It remains the number one objective of Cre8tive to look for quality opportunities that will build long term shareholder value and management feels that this project meets those requirements and has an excellent chance of success. Management of Cre8tive is now in talks with the key individuals to further clarify the business model and define the extent and scope of Cre8tive's participation. The application under development provides IoT security protection to wireless devices in hospitals.
In addition to participating in the development of the technology, Cre8tive will be responsible for writing and shooting the instructional video for the users of the technology followed by a series of videos on how to protect oneself from cyber-attacks for release to the general public.
"Cre8tive's main focus remains the development film projects but it is felt that in the best interest of shareholders, this particular opportunity was worth pursing," stated Lisa Nelson, President of Cre8tive Works. "This is a very unique project which could put us in substantial revenue quickly thereby allowing Cre8tive to internally finance our film projects. Also, cyber security is very much at the forefront of people's minds with all the recent hacking scandals and this particular application is very relevant combining health and technology which everyone can relate to," continued Ms. Nelson.
About Cre8tive Works, Inc.
Cre8tive Works is traded under the uniquely fitting ticker symbol 'FILM' and specializes in the financing of production ready, independent films that have great potential for financial success. The Company's mission is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Cre8tive Works, Inc.'s filings with OTC Markets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
SOURCE: AlumiFuel
July 12, 2017 11:43 ET
AlumiFuel Revenue Jumps 40.7%
CENTENNIAL, CO--(Marketwired - Jul 12, 2017) - AlumiFuel Power Corporation (OTC PINK: AFPW) ("AlumiFuel" or the "Company") today announced preliminary revenue results for the first and second quarters of 2017.
For the first quarter ended March 31, 2017, AlumiFuel recorded total topline revenue of approximately $302,000. For the second quarter ended June 30, 2017, AlumiFuel recorded total topline revenue of approximately $425,000, representing a quarter to quarter revenue increase of approximately 40.7%.
The Company also confirmed it has obtained the necessary shareholder votes to amend to its Articles of Incorporation, reducing its authorized shares as previously disclosed. Said amendment was submitted to the State of Wyoming on June 10, 2017.
Lastly, the Company confirmed its intention of becoming current with otcmarkets.com. The Company expects to submit its financial results for all unreleased quarters within the next 90 days and will subsequently file for an official name change with FINRA to become Phoenix Equity Holdings Corporation. AlumiFuel Power Corporation is a voluntary SEC filer and intends to adopt the Alternative Reporting Standard with the OTC Markets Group.
The information in this release is preliminary and based upon the information available to the Company as of the date of this release. The information above is forward-looking information and subject to revision or adjustment. However, the Company does not expect material revisions to these preliminary results.
About AlumiFuel Power Corporation
AlumiFuel, operating through its wholly owned subsidiaries, is transforming into a diversified holding company under new leadership and is expected to be renamed Phoenix Equity Holdings Corporation. The Company is exploring several revenue producing acquisition opportunities as it works to build a robust cash flow stream. AlumiFuel currently operates three divisions in the multi-billion dollar temporary staffing industry and holds patented technology for hydrogen generation through its wholly owned subsidiary, NovoFuel.
Safe Harbor for Forward-looking Statements:
This news release may contain forward-looking statements that are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, they are based on management's current beliefs and assumptions as to future events. However, since the company's operations and business prospects are always subject to risk and uncertainties, the forward-looking events and circumstances discussed in this news release might not occur, and actual results could differ materially from those described, anticipated or implied. For a more complete discussion of such risks and uncertainties, please refer to the company's filings with the Securities and Exchange Commission.
CONTACT INFORMATION
CONTACT:
AlumiFuel Power Corporation
641-715-3900 x385402
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
$480,000
July 10, 2017 09:00 ET | Source: Gold Lakes Corp.
Beachwood, Ohio, July 10, 2017 (GLOBE NEWSWIRE) -- Gold Lakes Corp., (the “Company”) (OTC PINK: GLLK) an exploration stage Blue-Sky company that specializes in acquiring and developing mining assets today announced that it has retired all its convertible notes taken from July thru November 2016 thru issuances of shares in a strong effort to reenergize its balance sheet.
"With these transactions we have removed $480,000 of debt from the balance sheet, thus strengthening our financial position. This will be very important as we pursue additional funding opportunities and work towards uplisting back to the OTCQB Market," Mr. Vallos, CEO of Gold Lakes Corp concluded.
Going forward, the Company will try to avoid convertible notes at all costs, and we will be more judicious in any future financings. Over the past several months, Gold Lakes Corp has focused on reducing the debt exposure on its balance sheet and it is our goal to have all of these convertible notes extinguished from our balance sheet by the end of the year.
We have tightened our belts and will continue to run very lean, and once all of these notes are off our books, we can finally see a relief to the dilution that has plagued the stock for months. It is our goal to improve shareholder value, and we feel that the current price does not reflect the value of the company, and we are confident that our approach will result in a significant increase in our stock price in the future." states Christopher Vallos, President of Gold Lakes Corp.
Gold Lakes Corporation strategy is to identify and acquire prospective properties in well-mineralized mining areas and advancing these properties toward making new discoveries within the Abitibi Greenstone Belt.
About Gold Lakes Corp.: Gold Lakes Corp. is an exploration stage Blue Sky company that specializes in acquiring and developing mining assets. The Company primary asset is known as the "Big Monty" property, located in the prolific Abitibi Greenstone Belt region, in Ontario, Canada. The Big Monty property is bordered by producing gold mines and is situated within the Porcupine-Destor Fault Zone "PDFZ" and Larder Lake Cadillac Fault Zone. For more information please visit: www.goldlakes.com
Forward Looking Statements: This news release includes "forward looking statements", as that term is defined in Section 27A of the Unites States Securities Act of 1933, as amended, and Section 21E of the United States Exchange Act of 1934, as amended, that are subject to assumptions, risks and uncertainties. Statements in this news release that are not purely historical are forward looking statements, including without limitation any statements concerning the Company's intentions, plans, estimates, expectations or beliefs regarding the future. Although the Company believes that any forward looking statements in this news release are reasonable, there can be no assurance that any such forward looking statements will prove to be accurate. The Company cautions readers that all forward looking statements, including without limitation those relating to the Company's future operations and business prospects, are based on assumptions none of which can be assured, and are subject to certain risks and uncertainties that could cause actual events or results to differ materially from those indicated in the forward looking statements. Readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance on forward looking statements.
Any forward looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward looking statements, or to update the reasons why actual events or results could or do differ from those projected in the forward looking statements. Except as required by law, the Company assumes no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.
For more information please visit: www.goldlakes.com or for Investor Relations contact: 216-916-9303 or email: info@goldlakes.com
Related Articles
other press releases by Gold Lakes Corp.
Gold Lakes Corp Retires Majority of Convertible Notes
April 24, 2017 08:00
Gold Lakes Corp Shareholder Update
April 10, 2017 09:15
Gold Lakes Corp Announces Trading for Canadian Residents has Resumed
November 23, 2016 09:00
Gold Lakes Corp Receives Approval from Ontario Ministry of Northern Development and Mines to begin Phase 2 of Exploration Program
November 08, 2016 09:00
Gold Lakes Corp Submits Work Permits to Ontario Ministry of Northern Development and Mines
November 01, 2016 09:00
Profile
Gold Lakes Corp.
Subscribe via RSS
Subscribe via ATOM
Javascript
Las Vegas, Nevada, UNITED STATES
Gold Lakes Corp Removes of Debt from Balance Sheet
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
EnglishFrançais
Register Sign In
World Health Energy Holdings Inc. Announces Successful development of WHEN 1 New Financial software for Debit Cards & General Banking
July 05, 2017 09:35 ET | Source: World Health Energy Holdings, Inc.
NEW YORK, July 05, 2017 (GLOBE NEWSWIRE) -- World Health Energy Holdings (OTC PINK:WHEN), a diversified energy, health and financial software company (www.worldhealthenergy.com, www.whentrade.com) announced today the successful development of its WHEN 1 generation 1 financial software which can be used as a back office system for Banks and Financial companies for opening new accounts, managing accounts and online debit card services.
According to http://www.marketsandmarkets.com/PressReleases/financial-service-application.asp The Financial Services Application Market will be worth $103.66 Billion by 2019.
The new WHEN 1; Back Office software was designed by a development team headed by Mr Uri Tadelis, CEO International Banking & Software, and Mr Regis Nebor (who worked with www.yahoo.com).
WHEN Trade (www.whentrade.com) is a WHEN company focused on software for financial markets and will also provide live customer accounts.
Investor Database for Future Press Releases and Industry Updates
Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an e-mail to info@worldhealthenergy.com.
About World Health Energy Holdings (www.worldhealthenergy.com)
World Health Energy Holdings, Inc. (WHEN) is a diversified energy, health and financial software company.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. WHEN has great potential but is not yet generating revenues Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subjected to known, unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Contacts:
World Health Energy Holdings, Inc.
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
www.OTCLiveQuote.com
http://www.otclivequote.com/
Related Articles
other press releases by World Health Energy Holdings, Inc.
World Health Energy Holdings Inc. Announces That it is incorporating next generation payment card security VRI Voice Recognition Identification into the WHEN 1 Bank software
July 13, 2017 09:58
World Health Energy Holdings Inc. Announces Launch of Online Trading Platform for Foreign Exchange and Futures Trading
September 26, 2016 11:36
456
other news releases in
PRODUCT / SERVICES ANNOUNCEMENT
in the last 30 days
Profile
World Health Energy Holdings, Inc.
Subscribe via RSS
Subscribe via ATOM
Javascript
New York, New York, UNITED STATES
Contact Data
Contacts:
World Health Energy Holdings, Inc.
+1-862-289-0003
info@worldhealthenergy.com
For Tel quotes
OTC Live Quote
1-855-732-0051
www.OTCLiveQuote.com
http://www.otclivequote.com/
Contact
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR
SOURCE: Intelligent Highway Solutions
June 29, 2017 23:14 ET
UPDATE - Intelligent Highway Solutions Announces Filing of 2016 10K and 10Q's
SACRAMENTO, CA--(Marketwired - Jun 29, 2017) - Intelligent Highway Solutions, Inc. (OTC PINK: IHSI) today announced that it has filed its 2016 10Q's and a 10K with the U.S. Securities and Exchange Commission.
"IHSI appreciates the patience of its shareholders and announces that it has taken a key step to be current with its financial filing requirements," said Devon Jones, CEO. "We are pleased to announce that with the filings we are one step closer to insuring that our financial obligations are current and compliant. We will be filing our 2017 10Qs in July, which will include the consolidated financial information concerning Cresent Construction Inc.," Mr. Jones said. "We will also shortly introduce our new website that will highlight our Company and its achievements and opportunities."
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April, 2011. IHSI develops high and low voltage electrical solutions for a variety of platforms. The Company performs electrical installations, temperature control systems, communication and wireless integration and advanced lighting systems.
Forward Looking Statements: Any statements contained herein that are not historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
CONTACT INFORMATION
Contact:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
(940) 262-3584
Desktop version
View Desktop Version
Pour voir la version complète
SOURCE: HOSSEYN
THUNDER
SOURCE: HELLO HERE IS THE NEWS YOU ASKED FOR:
Quarterly Report (10-q)
Source: Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2017
or
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________ to ____________.
Commission File Number: 000-55154
INTELLIGENT HIGHWAY SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Nevada 30-0680119
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
9516 Rossport Way
Elk Grove, CA 95624
(Address of principal executive offices (Zip Code)
720) 460-1390
(Registrant’s telephone number, including area code)
N/A
(Former name, former address and former fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
Yes [X] No [ ]
Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer [ ] Accelerated filer [ ]
Non-accelerated filer [ ] (do not check if smaller reporting company) Smaller reporting company [X]
Emerging Growth Company [ ]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]
As of July 17, 2017, there is 5,143,545,346 shares of common stock, $0.00001 par value outstanding.
INTELLIGENT HIGHWAY SOLUTIONS, INC.
TABLE OF CONTENTS
FORM 10-Q REPORT
March 31, 2017
Page
Number
PART I - FINANCIAL INFORMATION
Item 1. Unaudited Condensed Consolidated Interim Financial Statements. 3
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations. 19
Item 3. Quantitative and Qualitative Disclosures About Market Risk. 24
Item 4. Controls and Procedures. 25
PART II - OTHER INFORMATION
Item 1. Legal Proceedings. 26
Item 1A. Risk Factors. 26
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds. 26
Item 3. Defaults Upon Senior Securities. 26
Item 4. Mine Safety Disclosures. 26
Item 5. Other Information. 26
Item 6. Exhibits. 26
SIGNATURES 27
2
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements.
INTELLIGENT HIGHWAY SOLUTIONS
CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, 2017 December 31, 2016
(Unaudited)
ASSETS
Current assets
Cash and cash equivalents $ 96,197 $ 1,002
Contracts receivable, net 897,990 -
Costs and estimated earnings in excess of billings on uncompleted contracts 14,981 -
Total current assets 1,009,168 1,002
Property and equipment, net of accumulated depreciation of $8,422 and $8,101 102,524 320
Intangible assets, net of accumulated amortization of $27,788 and $0 161,682 -
Goodwill 1,474,907 -
Total assets $ 2,748,281 $ 1,322
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable $ 1,064,877 219,098
Accrued expenses and other liabilities 1,735,270 1,661,776
Accrued interest 308,884 277,829
Notes payable, current portion 589,359 258,609
Convertible notes payable, current portion, net of discounts of $965 and $1,581 975,287 986,163
Notes payable, related party, current portion 7,396 7,396
Credit line payable 631,855 -
Derivative liability 2,196,937 11,855,072
Total current liabilities 7,509,865 15,265,943
Notes payable, net of current portion 1,146,555 -
Total liabilities 8,656,420 15,265,943
Stockholders’ deficit
Series A convertible preferred stock, $0.00001 par value; 10,000,000 shares authorized; 10,000,000 and 2,500,000 issued and outstanding at March 31, 2017 and December 31, 2016, respectively 100 25
Common stock, $0.00001 par value; 10,000,000,000 shares authorized; 3,375,701,670 and 2,915,701,670 issued; 3,375,651,670 and 2,915,651,670 outstanding at March 31, 2017 and December 31, 2016, respectively 33,757 29,157
Additional paid-in capital 7,207,302 7,009,783
Treasury stock, 50,000 shares at $.084 per share (4,200 ) (4,200 )
Accumulated deficit (13,128,202 ) (22,299,386 )
Total Intelligent Highway Solutions stockholders’ deficit (5,891,243 ) (15,264,621 )
Non-controlling interest in subsidiary (16,896 ) -
Total liabilities and stockholders’ deficit $ 2,748,281 $ 1,322
See accompanying notes to condensed consolidated financial statements.
3
INTELLIGENT HIGHWAY SOLUTIONS
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)
Three Months Ended March 31,
2017 2016
Revenue $ 633,468 $ -
Cost of sales 559,291 -
Gross profit 74,177 -
Operating expenses
Salaries and wages 41,443 38,179
General and administrative 320,929 103,463
Total operating expenses 362,372 141,642
Loss from operations (288,195 ) (141,642 )
Other income (expense)
Gain on extinguishment of debt - 40
Gain on derivative fair value adjustment 9,487,661 270,252
Interest expense (45,178 ) (199,701 )
Total other income (expense) 9,442,483 70,591
Income (loss) before income taxes 9,154,288 (71,051 )
Income tax expense - -
Net income (loss) before non-controlling interest 9,154,288 (71,051 )
Net loss attributable to non-controlling interest (16,896 ) -
Net income (loss) attributable to Intelligent Highway Solutions $ 9,171,184 $ (71,051 )
Basic income (loss) per common share $ 0.00 $ (0.00 )
Diluted income (loss) per common share $ 0.00 $ (0.00 )
Basic weighted average shares outstanding 3,055,651,670 2,727,711,483
Diluted weighted average shares outstanding 15,281,582,964 2,727,711,483
See accompanying notes to condensed consolidated financial statements.
4
INTELLIGENT HIGHWAY SOLUTIONS
STATEMENTS OF CASH FLOWS
UNAUDITED
Three Months Ended March 31,
2017 2016
Cash flows from operating activities
Net income (loss) before non-controlling interest $
9,154,288
$ (71,051 )
Adjustments to reconcile net loss to net cash used in operating activities:
Preferred stock issued for services 6,750 -
Depreciation 320 2,496
Gain on derivative fair value adjustment (9,487,661 ) (270,252 )
Amortization of deferred loan costs - 9,254
Amortization of debt discount 616 121,090
Amortization of prepaid expenses - 19,146
Amortization of intangible assets
24,788
-
Expenses paid on behalf of company 137,515 -
Excess derivative liability charged to interest - 36,631
Changes in operating assets and liabilities
Contracts receivable (301,651 ) -
Accounts payable 290,468 32,509
Accrued interest 44,533 32,331
Accrued expenses and other liabilities 61,763 42,184
Net cash used in operating activities (65,271 ) (45,662 )
Cash flows from investing activities
Cash acquired in acquisition 160,466 -
Net cash used in investing activities 160,466 -
Cash flows from financing activities
Repayments on bank overdraft - (2,981 )
Proceeds from notes payable - 53,955
Repayments of notes payable - (3,263 )
Net proceeds from related party payables - 396
Net cash provided by financing activities - 48,107
Change in cash and cash equivalents 95,195 2,445
Cash at beginning of period 1,002 -
Cash at end of period $ 96,197 $ 2,445
Supplemental disclosures of cash flow information
Cash paid for interest $ - $ -
Cash paid for income taxes $ - $ -
Supplemental disclosure of non-cash financing activities:
Common stock issued for note conversion $ 11,492 $ 5,825
Common stock issued for accrued interest conversion $ 13,478 $ -
Debt discount on convertible notes $ - $ 83,122
Initial measurements of derivative liabilities $ - $ 100,097
See accompanying notes to condensed consolidated financial statements.
5
INTELLIGENT HIGHWAY SOLUTIONS, INC.
Notes to Unaudited Condensed Financial Statements
March 31, 2017
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization, Nature of Business and Trade Name
Intelligent Highway Solutions, Inc. (the “Company” or “IHS”) was formed on April 22, 2011. IHS is a technology based intelligent highway solutions contractor. Through June 30, 2013, the Company’s primary focus was in the California transportation market providing services that range from providing labor, materials, and related equipment for corrective service and maintenance services for the State’s transportation infrastructure. Since that time, the Company has devoted its time to electrical service contracts. Additionally, the Company intends to develop transportation technology services that enable vehicles, roads, traffic lights, message signs, and other elements to become “intelligent” by embedding them with microchips and sensors and by empowering them to communicate with each other via wireless technologies. The acceleration of data collection and communication will allow state governments to improve transportation system performance by reducing congestion and increasing both traveler safety and convenience.
On March 9, 2017, the Company, through a special purpose entity in which the Company has a controlling interest and 80% ownership, acquired the outstanding ownership interests in Cresent Construction Company, a full service general contracting firm. The Company will continue to perform general contracting services as it continues its development of transportation technologies.
NOTE 2 – UNAUDITED CONDENSED CONSOLDIATED INTERIM FINANCIAL STATEMENTS
The accompanying unaudited condensed consolidated interim financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows for the period ended March 31, 2017 and for all periods presented herein, have been made.
Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed consolidated financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s December 31, 2016 audited financial statements. The results of operations for the period ended March 31, 2017 are not necessarily indicative of the operating results for the full year.
NOTE 3 – GOING CONCERN
The Company’s unaudited condensed consolidated interim financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. While the Company has recently established an ongoing source of revenues, we do not anticipate it to be sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying unaudited condensed interim financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
6
NOTE 4 - SIGNIFICANT ACCOUNTING POLICIES
Use of Estimates
The preparation of consolidated financial statements in accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. A change in managements’ estimates or assumptions could have a material impact on the Company’s financial condition and results of operations during the period in which such changes occurred.
Actual results could differ from those estimates. The Company’s condensed consolidated financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.
Cash
The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. The company does not have cash equivalents as of March 31, 2017 or December 31, 2016.
Property, Plant and Equipment
Property and equipment are carried at cost. Expenditures for maintenance and repairs are charged against operations. Renewals and betterments that materially extend the life of the assets are capitalized. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts, and any resulting gain or loss is reflected in income for the period.
Depreciation is computed over the estimated useful lives of the related assets. The estimated useful lives of depreciable assets are:
Estimated
Useful Life
Furniture and fixtures 3 - 5 years
Machinery and equipment 5 years
Vehicles 5 years
7
For federal income tax purposes, depreciation is computed under the modified accelerated cost recovery system. For financial statements purposes, depreciation is computed under the straight-line method. Balances of each asset class as of March 31, 2017 and December 31, 2016 were:
March 31, 2017 December 31, 2016
Machinery and equipment $ 2,676 $ 2,149
Furniture and fixtures 14,103 6,273
Leasehold improvements 37,270 -
Vehicles 56,897 -
Sub Total $ 110,946 $ 8,422
Accumulated depreciation (8,422 ) (8,102 )
Total $ 102,524 $ 320
Depreciation expense for the three months ended March 31, 2017 and 2016 was $320 and $2,496, respectively.
Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following at March 31, 2017 and December 31, 2016:
March 31, 2017 December 31, 2016
Payroll tax liabilities 761,396 $ 761,396
Other payroll accruals 212,642 162,765
Federal and state income taxes payable 128,741 128,741
Other 632,491 608,874
Total $ 1,735,270 $ 1,661,776
Other accrued expenses mainly consist of accrued consulting fees due to management and other consulting firms. Of the $128,741 accrued for federal and state income taxes payable at March 31, 2017 and December 31, 2016, $127,141 relates to the federal income tax payable as discussed in Note 11 and $1,600 relates to state income taxes payable.
Revenues and Cost of Revenues
Revenues from fixed-price and cost-plus contracts are recognized on the percentage of completion method, whereby revenues on long-term contracts are recorded on the basis of the Company’s estimates of the percentage of completion of contracts based on the ratio of the actual cost incurred to total estimated costs. This cost-to-cost method is used because management considers it to be the best available measure of progress on these contracts. Revenues from cost-plus-fee contracts are recognized on the basis of costs incurred during the period plus the fee earned, measured on the cost-to-cost method.
Cost of revenues include all direct material, sub-contract, labor, and certain other direct costs, as well as those indirect costs related to contract performance, such as indirect labor and fringe benefits. Selling, general and administrative costs are charged to expense as incurred. Provisions for estimated losses on uncompleted contracts are made in the period in which such losses are determined. Changed in job performance, job conditions and estimated profitability may result in revisions to cost and income, which are recognized in the period in which the revisions are determined. Changes in estimated job profitability resulting from job performance, job conditions, contract penalty provisions, claims, change orders, and settlements, are accounted for as changes in estimates in the current period. Claims for additional contract revenue are recognized when realization of the claim in probable and the amount can be reasonably determined.
8
Fair Value Measurements
The fair value of a financial instrument is the amount that could be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Financial assets are marked to bid prices and financial liabilities are marked to offer prices. Fair value measurements do not include transaction costs. A fair value hierarchy is used to prioritize the quality and reliability of the information used to determine fair values. Categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is defined into the following three categories:
Level 1: Quoted market prices in active markets for identical assets or liabilities.
Level 2: Observable market-based inputs or inputs that are corroborated by market data.
Level 3: Unobservable inputs that are not corroborated by market data.
Derivative Liabilities
The Company records a debt discount related to the issuance of convertible debts that have conversion features at adjustable rates. The debt discount for the convertible instruments is recognized and measured by allocating a portion of the proceeds as an increase in additional paid-in capital and as a reduction to the carrying amount of the convertible instrument equal to the intrinsic value of the conversion features. The debt discount will be accreted by recording additional non-cash gains and losses related to the change in fair market values of derivative liabilities over the life of the convertible notes.
Net Income (Loss) Per Share
Net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during the specified period. Diluted earnings per common share is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares during the specified period. For the three months ended March 31, 2017, there was 12,225,931,294 such potentially dilutive shares included in the diluted weighted average shares outstanding. During the three months ended March 31, 2016 potential common shares are not included in the diluted net loss per share calculation as their effect would be anti-dilutive. Such potentially dilutive shares are excluded when the effect would be to reduce net loss per share. There were 12,837,333,612 such potentially dilutive shares excluded for the three months ended March 31, 2016. The potentially dilutive shares arise from the following instruments:
2017 2016
Convertible notes payable and accrued interest 12,013,308,993 12,837,333,612
Series A convertible preferred stock 212,622,301 -
Total 12,225,931,294 12,837,333,612
Recent Accounting Pronouncements
In February 2015, the FASB issued ASC 2015-02, “Consolidation (Topic 810) - Amendments to the Consolidation Analysis.” This standard modifies existing consolidation guidance for reporting organizations that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 is effective for fiscal years beginning after December 15, 2015, and requires either a retrospective or a modified retrospective approach to adoption. Early adoption is permitted. The Company adopted has this standard and determined it does not have a significant impact on its consolidated financial statements.
In September 2015, the FASB issued ASU 2015-16, “Business Combinations (Topic 805) – Simplifying the Accounting for Measurement-Period Adjustments.” This update eliminates the requirement to restate prior period financial statements for measurement period adjustments. The new guidance requires that the cumulative impact of a measurement period adjustment (including the impact on prior periods) be recognized in the reporting period in which the adjustment is identified. The new standard should be applied prospectively to measurement period adjustments that occur after the effective date. The new standard is effective for interim and annual periods beginning after December 15, 2015 and early adoption is permitted. The Company has adopted this guidance and the adoption of this guidance did not have an impact on the Company’s results of operations, financial position, or cash flows for the three or six months ended March 31, 2017 or 2016.
9
In March 2016, the FASB issued ASU 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting . ” The amendments in this update simplify several aspects of the accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures and statutory tax withholding requirements, as well as classification in the statement of cash flows. The Company adopted the new guidance on January 1, 2017. The primary impact of adoption was the recognition of excess tax benefits in our provision for income taxes rather than paid-in capital. However, as the Company has a full valuation allowance against its deferred tax asset, a corresponding adjustment was recorded to increase the valuation allowance.
In January 2017, the FASB issued ASU 2017-04, “ Intangibles—Goodwill and Other (Topic 350), Simplifying the Test for Goodwill Impairment”. The amendments in this update simplify how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. This update is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 31, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing after January 1, 2017. The Company notes that this guidance applies to its reporting requirements and will implement the new guidance accordingly in performing goodwill impairment testing; however, the Company does not believe this update will have a material impact on the consolidated financial statements.
Management believes recently issued accounting pronouncements will have no impact on the financial statements of the Company.
NOTE 5 – DERIVATIVE LIABILITIES
As discussed in Note 3, on a recurring basis, we measure certain financial assets and liabilities based upon the fair value hierarchy. The following table presents information about the Company’s liabilities measured at fair value as of March 31, 2017 and December 31, 2016:
Level 1 Level 2 Level 3 Fair Value at
March 31, 2017
Liabilities
Derivative Liability $ - $ 2,196,937 $ - $ 2,196,937
Level 1 Level 2 Level 3 Fair Value at
December 31, 2016
Liabilities
Derivative Liability $ - $ 11,855,072 $ - $ 11,855,072
As of March 31, 2017, the Company had a $2,196,937 derivative liability balance on the balance sheet and recorded a gain from derivative liability fair value adjustment of $9,487,661 during the three months ended March 31, 2017. The Company assessed its outstanding convertible notes payable as summarized in Note 8 – Convertible Notes Payable and determined certain convertible notes payable with variable conversion features contain embedded derivatives and are therefore accounted for at fair value under ASC 920, Fair Value Measurements and Disclosures and ASC 825, Financial Instruments.
Utilizing Level 2 Inputs, the Company recorded fair market value adjustments related to convertible notes payable for the three months ended March 31, 2017 and 2016 of $9,487,661 and $270,252, respectively. The fair market value adjustments were calculated utilizing the Black-Sholes method using the following assumptions: risk free rates of 1.03%, dividend yield of 0%, expected lives of 1 year, and volatility between 325% and 327%.
A summary of the activity of the derivative liability is shown below:
Balance at December 31, 2016 $ 11,855,072
Derivative liabilities recorded -
Change due to note conversion (170,474 )
Fair value adjustment (9,487,661 )
Balance at March 31, 2017 $ 2,196,937
NOTE 6 – CONCENTRATIONS OF RISK
Our revenues during the three months ended March 31, 2017 were generated completely from three clients. The loss of any of these clients will have a material adverse impact on our business. There were no revenues earned during the three months ended March 31, 2016.
10
NOTE 7 – NOTES PAYABLE
The Company has entered into various debt agreements to fund operations. A summary of outstanding non-convertible notes payable is as follows:
March 31, 2017 December 31, 2016
Note payable to non-related party, unsecured, due on September 1, 2014, interest rate of 0%. Currently in default. Principal due on demand. $ 20,000 $ 20,000
Note payable to non-related party, unsecured, due on December 31, 2014, interest rate of 0%. Currently in default. Principal due on demand. 5,000 5,000
Note payable to non-related party, secured by vehicles owned by the Company, due on October 22, 2016, interest rate of 15%. Currently in default. Principal and accrued interest due on demand. 100,000 100,000
Note payable to non-related party, unsecured, due on April 29, 2016, interest rate of 8%. Currently in default. Principal and accrued interest due on demand. 33,000 33,000
Note payable to non-related party, unsecured, due on June 22, 2016, interest rate of 8%. Currently in default. Principal and accrued interest due on demand. 79,755 73,455
Sale of future receivable to non-related party, secured by future accounts receivable, due on December 31, 2016. Principal due as future accounts receivable are collected. 27,154 27,154
Seller’s note from acquisition of Cresent Construction Company, due on March 31, 2022, interest rate of 6%. 1,300,000 -
Bonding note from acquisition of Cresent Construction Company, due on March 31, 2020, interest rate of 8%. 160,466
Vehicle loans 10,539
Total principal outstanding 1,735,914 258,609
Less: debt discounts - -
Total balance $ 1,735,914 $ 258,609
Required principal payments from March 31, 2017 forward are as follows:
2017 $ 433,287
2018 329,801
2019 263,757
2020 270,965
2021 287,678
2022 150,426
Total $ 1,735,914
There was $40,589 and $27,377 of accrued interest payable on non-convertible notes payable as of March 31, 2017 and December 31, 2016.
11
NOTE 8 – CONVERTIBLE NOTES PAYABLE
The Company has entered into various convertible debt agreements to fund operations. A summary of outstanding convertible notes payable is as follows:
March 31, 2017 December 31, 2016
Convertible note payable to non-related party, unsecured, interest of 10%, due on February 13, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. $ 50,000 $ 50,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on April 8, 2016. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 15,000 15,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on March 21, 2016. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 30,000 30,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on May 9, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 50,000 50,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on November 4, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 25,000 25,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on July 15, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 50,000 50,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on September 3, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 25,000 25,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on October 31, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 25,000 25,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on October 21, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 20,000 20,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on December 30, 2015. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 45,000 45,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on March 26, 2016. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 25,000 25,000
Convertible note payable to non-related party, unsecured, interest of 10%, due on April 26, 2013. Currently in default. May be converted at the option of the holder into common stock at a rate of $0.30 per share. Payable on demand. 30,000 30,000
Convertible note payable to non-related party, interest of 10%, unsecured, due on June 11, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the lowest trading price during the five days prior to conversion. The Company may not repay the convertible note in cash. 59,800 59,800
Convertible note payable to non-related party, interest rate of 10%, unsecured, due on December 12, 2015. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 40% discount from the lowest closing bid price during the fifteen days prior to conversion. The Company may not repay the convertible note in cash. 55,000 55,000
Convertible note payable to non-related party, interest rate of 10%, unsecured, due on July 7, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 40% discount from the lowest closing bid price during the fifteen days prior to conversion. The Company may not repay the convertible note in cash. 27,466 27,466
Convertible note payable to non-related party, interest rate of 12%, unsecured, due on May 15, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 45% discount from the lowest intra-day trading price of the Company’s common stock during the twenty trading days prior to conversion. The Company may not repay the convertible note in cash. 8,642 20,134
12
March 31, 2017 December 31, 2016
Convertible note payable to non-related party, interest rate of 10%, unsecured, due on June 25, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 45% discount from the lowest intra-day trading price of the Company’s common stock during the twenty trading days prior to conversion. The Company may not repay the convertible note in cash. 5,500 5,500
Convertible note payable to non-related party, interest rate of 8%, unsecured, due on July 7, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 45% discount from the lowest intra-day trading price of the Company’s common stock during the twenty trading days prior to conversion. The Company may not repay the convertible note in cash. 77,947 77,947
Convertible note payable to non-related party, interest rate of 8%, unsecured, due on July 7, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 45% discount from the lowest intra-day trading price of the Company’s common stock during the twenty trading days prior to conversion. The Company may not repay the convertible note in cash. 80,236 80,236
Convertible note payable to non-related party, interest rate of 10, unsecured, due on June 15, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 45% discount from the lowest intra-day trading price of the Company’s common stock during the twenty trading days prior to conversion. The Company may not repay the convertible note in cash. 11,500 11,500
Convertible note payable to non-related party, interest rate of 12%, unsecured, due on May 19, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the average of the three lowest trading prices during days prior to conversion. The Company may not repay the convertible note in cash. 60,000 60,000
Convertible note payable to non-related party, interest rate of 12%, unsecured, due on September 30, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the average of the three lowest trading prices during days prior to conversion. The Company may not repay the convertible note in cash. 47,000 47,000
Convertible note payable to non-related party, interest rate of 12%, unsecured, due on August 19, 2015. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the average of the three lowest trading prices during days prior to conversion. The Company may not repay the convertible note in cash. 16,018 16,018
Convertible note payable to non-related party, interest rate of 22%, unsecured, due on October 12, 2015. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the lowest trading price during the twenty days prior to conversion. The Company may not repay the convertible note in cash. 58,941 58,941
Convertible note payable to non-related party, interest rate of 12%, unsecured, due on August 30, 2016. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the lowest trading price during the twenty days prior to conversion. The Company may not repay the convertible note in cash. 36,000 36,000
Convertible note payable to non-related party, interest rate of 12%, unsecured, due on November 3, 2017. May be converted at the option of the holder into common stock at a price equal to a 50% discount from the lowest trading price during the twenty days prior to conversion effective May 3, 2017. The Company may repay the note in cash through May 3, 2017 and not thereafter. 16,500 16,500
Convertible note payable to non-related party, interest rate of 15%, default interest rate of 22%, unsecured, due on September 11, 2015. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 60% discount from the average of the three lowest trading prices during the twenty five days prior to conversion. The Company may not repay the convertible note in cash
16,651 16,651
Convertible note payable to non-related party, interest rate of 22%, unsecured, due on October 28, 2015. Currently in default. May be converted at the option of the holder into common stock at a price equal to a 60% discount from the average of the three lowest trading prices during the twenty five trading days prior to conversion. The Company may not repay the convertible note in cash. 9,050 9,050
Total principal outstanding 976,252 987,744
Less: debt discounts (965 ) (1,581 )
Total balance $ 975,287 $ 986,163
13
Required principal payments from March 31, 2017 forward are as follows:
2017 $ 976,252
2018 -
2019 -
2020
2021 -
Total $ 976,252
There was $263,662 and $250,452 of accrued interest payable on convertible notes payable as of March 31, 2017 and December 31, 2016.
The Company has recorded a derivative liability for each convertible note payable with a variable conversion rate. See Note 5 for further discussion.
14
NOTE 9 – RELATED PARTY TRANSACTIONS
During the year ended December 31, 2014, the Company received an interest free $8,000 loan from a related party to fund operations. The loan is unsecured, due on demand and as such is included in current liabilities. There was $5,000 due as of March 31, 2017 and December 31, 2016, respectively.
During the year ended December 31, 2014, the Company received an interest free $2,000 loan from a related party to fund operations. The related party made additional advances of $396 during the year ended December 31, 2016. The loan is unsecured, due on demand and as such is included in current liabilities. There was $2,396 due as of March 31, 2017 and December 31, 2016, respectively.
NOTE 10 – STOCKHOLDERS’ DEFICIT
The Company is authorized to issue up to 10,000,000,000 shares of $0.00001 par value common stock and 50,000,000 shares of $0.0001 par value blank check preferred stock of which 10,000,000 has been designated as Series A Convertible Preferred Stock. Each share of Series A Convertible Preferred Stock may be converted to common stock at the option of the holder at the greater of one share of common for each share of Series A Convertible Preferred Stock or the par value of the stock divided by a 10% discount from the volume weighted average price of the common stock of the preceding ten trading days.
During the three months ended March 31, 2017, the Company issued a total of 212,465,932 shares of common stock for the conversion of $11,492 of outstanding principal and 247,534,068 shares of common stock for the conversion of $13,478 of outstanding interest on convertible notes payable. All conversions were performed under the contractual terms of the respective notes payable.
During the three months ended March 31, 2017, the Company issued a total of 7,500,000 shares of Series A Convertible Preferred Stock for services rendered in connection with its acquisition of Cresent Construction Company. The shares of Series A Convertible Preferred Stock were valued on an as converted to common stock basis at $0.0009 per share resulting in a total value of $6,750.
There were 3,375,701,670 and 2,915,701,670 common shares issued and 3,375,651,670 and 2,915,651,670 outstanding at March 31, 2017 and December 31, 2016, respectively.
There were 10,000,000 and 2,500,000 series A convertible preferred shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively.
NOTE 11 – COMMITMENTS AND CONTINGENCIES
The Company could become a party to various legal actions arising in the ordinary course of business. Matters that are probable of unfavorable outcomes to the Company and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, the Company’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters.
As of the date of this report, except as described below, there are no material pending legal proceedings to which the Company is a party or of which any of their property is the subject, nor are there any such proceedings known to be contemplated by governmental authorities.
Payroll Tax Liabilities
As of March 31, 2017 and December 31, 2016 the Company had accrued $761,396 in payroll tax liabilities. The payment of these liabilities has not been made due to our limited profitability. Due to the uncertainty regarding our future profitability, it is difficult to predict our ability to pay these liabilities. As a result, a federal tax lien has been levied that will have to be satisfied.
Federal Income Tax Liability
On January 29, 2015, we received a notification from the Internal Revenue Service (the “IRS”) regarding deficiencies in our tax return for the year ended December 31, 2011. The notice was the result of not filing our tax return for the year then ended and included the results of an IRS examination which yielded an income tax amount due of $92,804 plus penalties and interest totaling $34,337 for a total amount due of $127,141. While we believe we will be able to successfully reduce the tax liability and assessed penalties to zero or near zero due to our net loss sustained during the year ended December 31, 2011, the possibility exists we will be unsuccessful and could face an assessment for the full amount of $127,141. As detailed in Note 4, there is an accrued liability of $127,141 for this potential payout as of March 31, 2017 and December 31, 2016.
15
NOTE 12 – STOCK OPTIONS
The following table summarizes all stock option activity for the three month period ending March 31, 2017:
Shares Weighted-
Average
Exercise Price
Per Share
Outstanding, December 31, 2016 448,570 $ 0.30
Granted - -
Exercised - -
Forfeited - -
Expired -
Outstanding, March 31, 2017 448,570 $ 0.30
The following table discloses information regarding outstanding and exercisable options at March 31, 2017:
Outstanding Exercisable
Exercise
Prices Number of
Option Shares Weighted
Average
Exercise
Price Weighted
Average
Remaining
Life
(Years) Number of
Option Shares Weighted
Average
Exercise
Price
$ 0.30 448,570 $ 0.30 1.14 448,570 $ 0.30
448,570 $ 0.30 1.14 448,570 $ 0.30
In determining the compensation cost of the stock options granted, the fair value of each option grant has been estimated on the date of grant using the Black-Scholes option pricing model. The assumptions used in these calculations are summarized as follows:
March 31, 2017
Expected term of options granted 2 - 5 years
Expected volatility range 394 - 408 %
Range of risk-free interest rates 1.70 – 1.73 %
Expected dividend yield 0 %
16
NOTE 13 – ACQUISTION
On March 9, 2017, the Company, through a newly created special purpose entity, executed a share purchase agreement to acquire all outstanding ownership interests in Crescent Construction Company, Inc. a full service general contracting firm for total consideration of $1,800,000. The agreement required a cash payment of $500,000 at closing plus a note payable for $1,300,000. The note carries interest of 6%, matures on March 31, 2022 and requires equal quarterly payments of $152,693. Additionally, the Company entered into a separate note payable with the seller for cash proceeds of $160,466. Because this note was executed simultaneously with the purchase agreement, it was considered part of the acquisition price which brought the total consideration to $1,960,466.
The Company applied the acquisition method to the business combination and valued each of the assets acquired (cash, contracts receivable, equipment, non-compete agreements and contracts in progress) and liabilities assumed (accounts payable and accrued expenses and notes payable) at fair value as of the acquisition date. The cash, contracts receivable, accounts payable and accrued expenses and notes payable were deemed to be recorded at fair value as of the acquisition date. The Company determined the fair value of all equipment to be historical book value. The preliminary allocation of the purchase price was based on estimates of the fair value of the assets and liabilities assumed based on provisional amounts. The allocation of the excess purchase price is not final and the amounts allocated to intangible assets are subject to change pending the completion of final valuations of certain assets and liabilities. Under the purchase agreement, the Company paid cash of $500,000 and issued a total of $1,460,466 of promissory notes for total consideration of $1,960,466. The following table shows the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition:
ASSETS ACQUIRED
Cash $ 160,466
Contracts receivable 611,320
Equipment 102,524
Non-compete agreement 32,468
Contracts in progress 157,002
Goodwill 1,474,907
Total assets acquired $ 2,538,687
LIABILITIES ASSUMED
Accounts payable and accrued expenses $ 567,042
Notes payable 11,179
Total liabilities assumed 578,221
NET ASSETS ACQUIRED $ 1,960,466
In accordance with ASC 805-10-50, the Company is providing the following unaudited pro-forma condensed consolidated statements of operations to present a summary of the combined results of the Company’s condensed consolidated operations as if the acquisition had been completed as of the beginning of the reporting period. Adjustments were made to eliminate any inter-company transactions in the periods presented.
17
INTELLIGENT HIGHWAY SOLUTIONS
PRO-FORMA CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended March 31,
2017 2016
Revenue $ 1,399,750 $ 1,858,038
Cost of sales 1,426,641 1,638,598
Gross (loss) profit (26,891 ) 219,440
Operating expenses
Salaries and wages 66,824 59,100
General and administrative 172,484 133,457
Total operating expenses 239,308 192,557
Income (loss) from operations
(266,199 ) 26,883
Other income (expense)
Gain on extinguishment of debt - 40
Gain on derivative fair value adjustment 9,487,661 270,252
Interest expense (32,349 ) (199,701 )
Total other income (expense), net
9,455,312 70,591
Income before income taxes
9,189,113 97,474
Income tax expense - -
Net income before non-controlling interest 9,189,113 97,474
Net (loss) income attributable to non-controlling interest (9,931 ) 33,705
Net income attributable to Intelligent Highway Solutions $ 9,199,044 $ 63,769
NOTE 14 – EQUITY LINE OF CREDIT
On August 6, 2015, the Company entered into line of credit whereby it has the right to sell to the investor up to $5,000,000 of common stock over a period of 24 months. The Company may sell up to $100,000 of common stock, but not less than $5,000, at any time at is sole discretion by issuing a put notice to the investor. The sales price of the stock will be equal to a 30% discount from the average of the lowest two closing bid prices in the preceding five trading days. There is a minimum of ten trading days between put notices. The agreement requires the Company to issue 3% of the total credit line, or $150,000, in common stock with an issue price equal to the average of the daily volume weighted average prices of the Company’s common stock during the five business days immediately preceding the due date of the issuance. The Company did not exercise its rights under the agreement during the period ended March 31, 2017.
NOTE 15 – LINE OF CREDIT
On March 9, 2017, the Company entered into a revolving line of credit to borrow up to $5,000,000 dollars of which $631,855 was drawn immediately. Of the amount drawn on March 9, 2017, $500,000 was paid to the seller of Cresent Construction Company as the cash component of the acquisition and $131,855 was drawn to pay seller and financer acquisition related costs. The credit line carries interest at 12% per annum. There was $631,855 and $0 of principal drawn as of March 31, 2017 and December 31, 2016, respectively. There was $4,634 and $0 of accrued interest due at March 31, 2017 and December 31, 2016, respectively.
NOTE 16 – SUBSEQUENT EVENTS
Common Stock Issuances
On various dates through July 17, 2017, the Company issued a total of 1,438,816,488 common shares for the conversion of a total of $75,028 of outstanding principal on convertible notes payable. All conversions were done under contractual terms within each respective convertible note payable.
On various dates through July 17, 2017, the Company issued a total of 69,077,188 common shares for the conversion of a total of $3,682of outstanding accrued interest on convertible notes payable. All conversions were done under contractual terms within each respective convertible note payable.
On various dates through July 17, 2017, the Company issued a total of 260,000,000 common shares for services provided by consultants. The shares were valued using the closing price on the dates of issuance which was from $0.0001 to $0.0002 per share resulting in a total value of $42,000.
Convertible Notes Payable
On April 25, 2017, the Company executed a securities purchase agreement with an existing convertible noteholder to enter into an additional $21,230 of convertible notes payable with each carrying a 10% original issue discount resulting in net cash borrowings of $19,300 being available to the Company. The note is carries interest at 12% and each tranche of cash received is due nine months after receipt. The note is convertible into shares of the Company’s common stock at a rate equal to a 42% discount from the lowest intra-day trading price for the Company’s common stock during the twenty days prior to conversion. The Company has received all of the available cash borrowings under the convertible note payable resulting in $21,230 being outstanding as of July 17, 2017.
On May 10, 2017, the Company executed a securities purchase agreement with an existing convertible noteholder to enter into an additional $11,250 of convertible notes payable with and original issue discount totaling $1,500 resulting in net cash borrowings of $9,750 being available to the Company. The note carries interest at 12% and each tranche of cash received is due nine months after receipt. The note is convertible into shares of the Company’s common stock at a rate equal to a 42% discount from the lowest intra-day trading price for the Company’s common stock during the twenty days prior to conversion. The Company has received all of the available cash borrowings under the convertible note payable resulting in $11,250 being outstanding as of July 17, 2017.
18
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
Cautionary Notice Regarding Forward Looking Statements
The information contained in Item 2 contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may materially differ from those projected in the forward-looking statements as a result of certain risks and uncertainties set forth in this report. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual results will not be different from expectations expressed in this report.
This filing contains a number of forward-looking statements which reflect management’s current views and expectations with respect to our business, strategies, products, future results and events, and financial performance. All statements made in this filing other than statements of historical fact, including statements addressing operating performance, events, or developments which management expects or anticipates will or may occur in the future, including statements related to distributor channels, volume growth, revenues, profitability, new products, adequacy of funds from operations, statements expressing general optimism about future operating results, and non-historical information, are forward looking statements. In particular, the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “may,” variations of such words, and similar expressions identify forward-looking statements, but are not the exclusive means of identifying such statements, and their absence does not mean that the statement is not forward-looking. These forward-looking statements are subject to certain risks and uncertainties, including those discussed below. Our actual results, performance or achievements could differ materially from historical results as well as those expressed in, anticipated, or implied by these forward-looking statements. We do not undertake any obligation to revise these forward-looking statements to reflect any future events or circumstances.
Overview
Intelligent Highway Solutions, Inc. (the “Company” or “IHS”) was formed in April 22, 2011; IHS is a technology based intelligent highway solutions contractor. The Company’s primarily focus is in the California transportation market providing services that range from providing labor, materials, and related equipment for corrective service and maintenance services for the state’s transportation infrastructure. Additionally, the Company intends to develop transportation technology services that enable vehicles, roads, traffic lights, message signs, and other elements to become “intelligent” by embedding them with microchips and sensors and by empowering them to communicate with each other via wireless technologies. The acceleration of data collection and communication will allow state governments to improve transportation system performance by reducing congestion and increasing both traveler safety and convenience. While the Company develops technologies related to transportation, it will accept general electrical contracting work as a revenue source.
Plan of Operations
On August 22, 2013, the Company entered into a distribution agreement (the “Distribution Agreement”) with SCS Lighting Solutions Inc. (“SCS”), whereby SCS appointed the Company as its exclusive distributer of SCS products in Sacramento, California and other locations, as determined by both parties in the future. The SCS products include standard lighting solutions, as well as custom lighting products for indoor and outdoor applications. The Distribution Agreement is no longer exclusive.
The Distribution Agreement’s term automatically renews for one (1) year increments, unless either party elects to terminate the Agreement by giving not less than sixty (60) days’ notice prior to the end of the current term.
On March 19, 2014, the Company announced it had received a significant purchase order from Honeywell International Inc. (“Honeywell”) for the installation of a temperature control system and associated sensors in a state owned office building in Alameda, California.
On July 1, 2014, the Company announced it had received a second purchase order from Honeywell. The purchase order is for additional work in office buildings owned by the State of California.
These purchase orders with Honeywell were the Company’s sole source of income in 2014. The Honeywell project was completed during the first quarter of 2015 and a new electrical contracting project started shortly thereafter.
On March 9, 2017, the Company, through a special purpose entity in which the Company has a controlling interest and 80% ownership, acquired the outstanding ownership interests in Cresent Construction Company, a full service general contracting firm. The Company will continue to perform general contracting services as it continues its development of transportation technologies.
Results of Operations
Revenue
All revenue during the three months ended March 31, 2017 were generated from general construction contracting services performed by Cresent Construction Company. We did not generate revenue during the three months ended March 31, 2016.
19
Three months ended March 31, 2017 and 2016
Three months ended March 31,
2017 2016 Change
Revenue $ 633,468 $ - $ 633,468
Revenues for the three months ended March 31, 2017 were $633,468 compared to $0 during the same period in 2016. The increase in revenue was the result of the Company’s acquisition of Cresent Construction Company as all revenues generated during the three months ended March 31, 2017 were from services performed by Cresent.
Cost of Goods Sold
Cost of revenues include all direct material, sub-contract, labor, and certain other direct costs, as well as those indirect costs related to contract performance, such as indirect labor and fringe benefits. Additionally, the amortization of intangibles assets resulting from the acquisition of Cresent Contraction Company are recorded as costs of goods sold.
Three months ended March 31, 2017 and 2016
Three months ended March 31,
2017 2016 Change
Labor $ 517,930 $ - $ 517,930
Amortization of intangible assets 27,888 - 27,888
Other 13,573 - 13,573
Total $ 559,291 $ - $ 559,291
Cost of goods sold for the three months ended March 31, 2017 were $559,291 compared to $0 during the same period in 2016. The increase in cost of revenue was the result of the Company’s acquisition of Cresent Construction Company as all costs of revenues generated during the three months ended March 31, 2017 were from services performed by Cresent.
20
Operating Expenses
Three months ended March 31, 2017 and 2016
Three months ended March 31,
2017 2016 Change
Salaries and wages $ 41,443 $ 38,179 $ 3,264
Professional services 173,779 96,947 76,832
Other 147,150 6,516 140,634
Total $ 362,372 $ 141,642 $ 220,730
Operating expenses for the three months ended March 31, 2017 were $362,372 compared to $141,642 for the three months ended March 31, 2016. The increase of $220,730 or 156% is the result of the Company’s increased operations from its acquisition completed during the three months ended March 31, 2017. Salaries and wages consist of management compensation during each period presented which is relatively unchanged due to the renewal of existing employment agreements in 2017 under the substantially the same terms as agreements in place for 2016. Professional fees increased $76,832, or 79%, during the three months ended March 31, 2017 as the result of acquisition related legal costs incurred during the three months ended March 31, 2017 that were not present in 2016. The increase in other operating expenses is the result of the Company incurring acquisition related costs of $131,855 as part of the acquisition closed during the three months ended March 31, 2017.
21
Other Income and Expenses
Three months ended March 31, 2017 and 2016
Three months ended March 31,
2017 2016 Change
Interest expense, net $ (45,178 ) $ (199,701 ) $ 154,523
Gain on extinguishment of debt - 40 (40 )
Gain on derivative fair value adjustment 9,487,661 270,252 9,217,409
Total $ 9,442,483 $ 70,591 $ 9,371,892
Other income and expense during the three months ended March 31, 2017 was a net gain of $9,442,483 compared to a net gain of $70,591 during the three months ended March 31, 2016. The increase in net gain of $9,371,892 was the result of increased gains recognized on the fair value adjustment of derivative liabilities. We do not expect this amount of gain to be recurring.
Net Income (Loss)
Three months ended March 31, 2017 and 2016
Three months ended March 31,
2017 2016 Change
Net income (loss) before non-controlling interest $ 9,154,288 $ (71,051 ) $ 9,225,339
Non-controlling interest (16,896 ) - (16,896 )
Net income (loss) after non-controlling interest $ 9,171,184 $ (71,051 ) $ 9,208,443
Net income for the three months ended March 31, 2017 was $9,171,184 compared to a net loss of $71,051 for the three months ended March 31, 2016. The increase in net income during the three months ended March 31, 2017 is attributable to the increased gain on the fair market value of derivatives partially offset by increased acquisition related costs.
22
Liquidity and Capital Resources
As of March 31, 2017, we had cash of $96,197, total current assets of $1,009,168 and total current liabilities of $7,509,865 creating a working capital deficit of $6,500,697. Current assets consisted of $96,197 in cash, $897,990 of net contracts receivable and $14,981 of costs in excess of billings. Current liabilities consisted of accounts payable $1,064,877, current notes payable of $589,359, current convertible notes payable net of discounts of $975,287, a derivative liability of $2,196,937, accrued interest of $308,884, related party notes payable of $7,396, a credit line payable of $631,855 and accrued expenses and other liabilities of $1,735,270.
As of December 31, 2016, we had $1,002 of cash on hand, total current assets of $1,002 and total current liabilities of $15,265,943 creating a working capital deficit of $15,264,941. Current assets consisted of $1,002 of cash. Current liabilities consisted of accounts payable of $219,098, accrued expenses and other liabilities of $1,661,776, notes payable net of discounts of $258,609, convertible notes payable net of discounts of $986,163, related party notes payable of $7,396, derivative liabilities of $11,855,072 and accrued interest of $277,829.
We expect our cash needs to fund operations during the twelve months to be approximately $500,000. The Company will need additional financing to continue operations in 2017 and beyond which management anticipates will be generated from short term related party loans, convertible notes with non-related parties and non-convertible notes with non-related parties.
Cash Flows from Operating Activities
Cash flows used in operating activities during the three months ended March 31, 2017 was $65,271 which consisted of a net income before non-controlling interest of $9,154,288, non-cash expenses and gains of $9,314,672, mainly due to a gain on the fair market value of derivative liabilities of $9,487,661 offset by expenses paid on behalf of the Company of $137,515, and negative changes in working capital of $95,113.
Cash flows used in operating activities during the three months ended March 31, 2016 was $45,662 which consisted of a net loss of $71,051, non-cash expenses and gains of $81,635, mainly due to a gain on the fair market value of derivative liabilities of $270,252 offset by the amortization of debt discounts of $121,090, and negative changes in working capital of $107,024.
23
Cash Flows from Investing Activities
During the three months ended March 31, 2017 and 2016, we generated $160,466 and $-0- of cash in investing activities. Cash generated from investing activities during the three months ended March 31, 2017 consisted solely of cash acquired in the acquisition of Cresent Construction Company.
Cash Flows from Financing Activities
The Company did not generate cash from or use cash in financing activities during the three months ended March 31, 2017.
Cash provided by financing activities during the three months ended March 31, 2016 was $48,107 which consisted of proceeds from notes payable of $53,955, repayments of notes payable of $3,263, repayments of bank overdrafts of $2,981 and proceeds from related party notes payable of $396.
Going Concern
Based on our financial history since inception, our independent registered public accounting firm has expressed substantial doubt as to our ability to continue as a going concern. We have generated very little revenue and have limited tangible assets. Our company has a limited operating history. Our company’s operations will be subject to all the risks inherent in the establishment of a developing enterprise and the uncertainties arising from the absence of a significant operating history. We may be unable to on a profitable basis. If our business plan is not successful, and we are not able to operate profitably, investors may lose some or all of their investment in our company.
Management plans to continue to fund operations via short term related party loans and additional convertible as well as non-convertible debt from non-related parties.
Recent Accounting Pronouncements
The Company has evaluated recent accounting pronouncements and their adoption has not had or is not expected to have a material impact on the Company’s financial position, or statements.
Critical Accounting Policies
There have been no changes in the Company’s significant accounting policies for the three months ended March 31, 2017 as compared to those disclosed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the Securities and Exchange Commission on June 29, 2017.
Off-Balance Sheet Arrangements
We have no off-balance sheet arrangements.
Item 3. Quantitative and Qualitative Disclosures About Market Risk.
We are a Smaller Reporting Company and are not required to provide the information under this item.
24
Item 4. Controls and Procedures.
Disclosure of controls and procedures.
Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) (the Company’s principal executive officer) and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures are not effective to ensure that: (1) information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act, is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms; and (2) that such information is accumulated and communicated to the Company’s management, including the Company’s CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.
The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting for the Company. Our internal control system was designed to, in general, provide reasonable assurance to the Company’s management and board regarding the preparation and fair presentation of published financial statements, but because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
Our management assessed the effectiveness of the Company’s internal control over financial reporting as of March 31, 2017. The framework used by management in making that assessment was the criteria set forth in the document entitled “Internal Control – Integrated Framework” issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that assessment, our CEO and CFO have determined and concluded that, as of March 31, 2017, the Company’s internal control over financial reporting was not effective.
As defined by Auditing Standard No. 5, “An Audit of Internal Control Over Financial Reporting that is Integrated with an Audit of Financial Statements and Related Independence Rule and Conforming Amendments,” established by the Public Company Accounting Oversight Board (“PCAOB”), a material weakness is a deficiency or combination of deficiencies that result in a more than a remote likelihood that a material misstatement of annual or interim financial statements will not be prevented or detected. In connection with the assessment described above, management identified the following control deficiencies that represent material weaknesses as of March 31, 2017:
(1) Lack of an independent audit committee or audit committee financial expert. Although our board of directors serves as the audit committee it has no independent directors. Further, we have not identified an audit committee financial expert on our board of directors. These factors are counter to corporate governance practices as defined by the various stock exchanges and may lead to less supervision over management.
We do not have sufficient experience from our accounting personnel with the requisite U.S. GAAP public company reporting experience that is necessary for adequate controls and procedures.
Our management determined that these deficiencies constituted material weaknesses.
Due to our small size, we were not able to immediately take any action to remediate these material weaknesses but plan to address these items in the near future. Notwithstanding the assessment that our Internal Controls over Financial Reporting was not effective and that there were material weaknesses identified herein, we believe that our consolidated financial statements contained in this report fairly present our financial position, results of operations, and cash flows for the quarter covered thereby in all material respects.
Changes in internal controls over financial reporting.
There has been no change in our internal control over financial reporting that occurred during the fiscal quarter covered by this Quarterly Report on Form 10-Q that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.
25
PART II - OTHER INFORMATION
Item 1. Legal Proceedings.
We are not currently involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.
Item 1A. Risk Factors.
We are a Smaller Reporting Company and are not required to provide the information under this item.
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.
During the three months ended March 31, 2017, the Company issued a total of 212,465,932 shares of common stock for the conversion of $11,492 of outstanding principal and 247,534,068 shares of common stock for the conversion of $13,478 of outstanding interest on convertible notes payable.
During the three months ended March 31, 2017, the Company issued a total of 7,500,000 shares of Series A Convertible Preferred Stock for services rendered in connection with its acquisition of Cresent Construction Company.
The above shares were issued in reliance on the exemption under Section 4(2) of the Securities Act. These shares of our common stock qualified for exemption under Section 4(2) since the issuance shares by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the deal, manner of the issuance and number of shares issued. We did not undertake an offering in which we sold a high number of shares to a high number of investors. In addition, the investors had the necessary investment intent as required by Section 4(2) since they either: (1) agreed to and received share certificates bearing a legend stating that such shares are restricted pursuant to Rule 144 of the Act. This restriction ensures that these shares would not be immediately redistributed into the market and therefore not be part of a “public offering”; or (2) received shares pursuant to conversions of notes and the notes themselves had been held for longer than 6 months prior to conversion into unrestricted shares. Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.
Item 3. Defaults Upon Senior Securities.
None
Item 4. Mine Safety Disclosures.
Not applicable
Item 5. Other Information.
None
Item 6. Exhibits.
Exhibit
Number Exhibit Title
31.1* Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2* Certification of Principal Financial Office pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1+ Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2+ Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS * XBRL Instance Document
101.SCH * XBRL Taxonomy Schema
101.CAL * XBRL Taxonomy Calculation Linkbase
101.DEF * XBRL Taxonomy Definition Linkbase
101.LAB * XBRL Taxonomy Label Linkbase
101.PRE * XBRL Taxonomy Presentation Linkbase
* Filed herewith.
+ In accordance with SEC Release 33-8238, Exhibit 32.1 and 32.2 are being furnished and not filed.
26
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
INTELLIGENT HIGHWAY SOLUTIONS, INC.
Date: July 17, 2017
By: /s/ Devon Jones
Devon Jones
Chief Executive Officer
(Principal Executive Officer)
Date: July 17, 2017
By: /s/ Philip Kirkland
Philip Kirkland
Chief Financial Officer
(Principal Financial and Accounting Officer)
27
SOURCE: HOSSYN