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Aha CEO has straight EESO connection (my bold):
FORT WAYNE, IN, Jan 06 (MARKET WIRE) --
Despite tough economic times, Enzyme Environmental Solutions Inc.
(PINKSHEETS: EESO), a Fort Wayne, Indiana company, is reporting record
success. It involves one main ingredient found in virtually all of its
products, but it's an ingredient that's not widely known.
This story took Newschannel 15, Fort Wayne, Indiana's local CBS affiliate,
to an area hog farm. While it may be one of the cleanest, the smell is a
different story and that's where local entrepreneur Jared Hochstedler
comes to the rescue.
"Even though the economy is down for the most part, our sales and orders
have been much higher than what we ever anticipated," Hochstedler said.
Hochstedler's Fort Wayne company, Enzyme Consultants, has developed a way
to remove the stench from manure; something that's mandated in parts of
Asia, where it's estimated there are more hogs than people.
"They passed this law back in February of 2005. In the process of them
passing the law, we started to do some tests in South Korea and were able
to develop this product," Hochstedler told Newschannel 15's Matt
McCutcheon.
The issue worldwide is larger than most people realize as a simple news
search will produce thousands of results. A recent article ("Proposed Fee
on Smelly Cows, Hogs Angers Farmers"; Bob Johnson, Associated Press Writer
- Yahoo News) puts it simply when quoting Rick Krause, the senior director
of congressional relations for the American Farm Bureau Federation as he
states, in reference to pending egregious fees suggested by the EPA to be
placed on farmers for air-polluting animals, "It's something that really
has a very big potential adverse impact for the livestock industry."
"Fees won't cure the environment," says Hochstedler. "That's what the
powers that be consistently fail to realize. Money can't solve this
problem; only strategic actions in favor of the environment that will
enable the livestock industry to flourish minus the pollution, and I
believe we have that solution in hand."
While there's not much competition for the company overseas, it's a
different scenario here in the U. S. Increasing expenses squeeze into
farmers' profits, and with little money left over, it's unlikely they'll
voluntarily invest in odor-removing products.
Despite some difficulty appealing to U.S. farmers, Enzyme Consultants has
other products in the United States. In the Spring of 2009, a company will
take Enzyme Consultant's nearly three-dozen household cleaning products
nationwide; and they all use enzymes as the main ingredient.
"What enzymes do is attack food fats, food oils, and food greases. And our
product works well in those environments," said Gene Sherrill of Enzyme
Consultants.
Enzymes are also safer is most cases. A dictionary offers this definition
of an enzyme: "a protein that helps other organic molecules enter into
chemical reactions with one another."
A simple test, like with the company's enzyme-based stain-removing pen,
shows just how effective enzymes can be. But while the products work and
can be safer than other cleaners, company officials say their biggest
challenge is changing public perception of harsher cleaners.
"It's kind of like taking medicine. If it doesn't taste bad, then it
doesn't work. If this cleaner doesn't stink like pine, or smell like
chlorine or whatever, it doesn't work," said Bill White, Enzyme
Consultant's VP of Sales.
"Say, I have a flyswatter in my left hand and a baseball bat in my right
hand. Both of those can kill a fly. But this is an overkill with the
baseball bat, and it's a danger to the person who's using that bat for
that purpose. And it's a danger in that environment he's using it to kill
a fly," further explained Sherrill.
"Everyone is using these products now; we're just going to give you an
alternative that is safer," said White.
Enzyme Consultants projects total sales of $8 million in 2008, and nearly
five times that in 2009. Enzyme Consultants employs about ten people in
Fort Wayne, which is expected to grow as more of their products take off.
This release is based on a televised run of an interview with Hochstedler
about his proprietary biotech offering in odor remediation worldwide. A
video of the feature can be viewed at:
http://www.wane.com/dpp/news/Enzyme_Consultants
Enzyme Environmental Solutions, Inc. will be hosting an open house at
their headquarters located at 6020 Huguenard Road, Fort Wayne, IN 46818.
The open house will be from 1pm to 3pm and, among others, will feature
principals from new partnerships which have yet to be released publically.
Safe Harbor: This release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
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. Actual performance
and results may differ materially from that projected or suggested herein
due to certain risks and uncertainties including, without limitation,
ability to obtain financing and regulatory and shareholder approvals for
anticipated actions.
Contact:
Newbauer Media Relations
Enzyme Environmental Solutions
Email: mark@enzymeconsultants.com
Copyright 2009, Market Wire, All rights reserved.
http://www.reuters.com/article/pressRelease/idUS173187+06-Jan-2009+MW20090106
NXGen Holdings Inc. Appoints Restaurant and Consumer Products Executive as New CEO
SARANAC, Mich., May 27 /PRNewswire-FirstCall/ -- NXGen Holdings, Inc. (Pink Sheets: NXGH) is pleased to announce that the Company has appointed Mr. William White as its new Chief Executive Officer and sole director and has accepted the resignation of current board members and management team. Mr. White has over 20 years experience in sales and management within the consumer product and restaurant business.
Between 2008 and 2009, Mr. White served as Vice President of Sales and Operations for Enzyme Consultants, where he helped launch a product line into WOW Green, a network marketing company. Mr. White also served as the Beverage Manager, from 2002 to 2007, for a five-state area in the Midwest for Clark National, where he was successful in increasing the product line sales by over 400% and launched a highly successful convenience store program, responsible for 200% of this growth, in his final two years with the company. Between 1995 and 2002, Mr. White served as the District Manager for Sara Lee Coffee and Tea in Western Michigan, where he oversaw three routes and two service technicians, as well as a new account sales force. Mr. White improved bottom line contribution from negative $95,000 to $1.2MM in five years and was awarded the Excalibur Award, the highest achievement award for a District Manager, twice, as well as the Tip Toe Through the Tulips Award, an all expense paid trip to Europe, for achieving the highest liquid coffee sales. Between 1990 and 1995, Mr. White served as a Route Supervisor for Nickels' Bakery, whose routes serviced all the bakery needs for every Burger King, Arby's and Olive Garden Restaurant in the state of Michigan. During this period, Mr. White grew his route system from seven routes, averaging $7,500 per week in sales, to 16 routes, averaging $11,000 per week in sales.
"Over the next several weeks, NXGen Holdings will be evaluating acquisition candidates that are producing environmentally friendly or 'green' products. I look forward to helping bring NXGen Holdings to the next level," stated William White, Chairman and CEO of NXGen Holdings, Inc.
About NXGen Holdings, Inc.:
NXGen Holdings, Inc., through its wholly owned subsidiary, NXGen, Inc., is focused on providing solutions to commercial fleet operators, enhancing their productivity and operating efficiencies. NXGen Holdings' mission is to become a recognized leader by aggressively investing in new acquisitions, building strategic alliances and securing strategic partnerships with technologically advanced and environmentally friendly companies.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE NXGen Holdings. Inc.
http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/05-27-2009/0005033333&EDATE=
Same address and mystery as uncharted solutions
http://www.scam.com/showthread.php?t=14232
This is the address of NXGEN Holdings according to their own by-laws
6100 Neil Road Suite 500, Reno NV 89511
http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=22323
but when you go to Google maps no such company listed at that address:
http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=6100+Neil+Road+Suite+500,+Reno+NV+89511&sll=42.911107,-85.253745&sspn=0.003583,0.006727&ie=UTF8&ll=39.470539,-119.781983&spn=0.007553,0.013454&t=h&z=16&iwloc=A&layer=c&cbll=39.468649,-119.781946&panoid=B6U_glin-NutNMLU4FAdEg&cbp=12,294.83,,0,5
my bad.
Nexgen holdings Inc. in GA ???
http://www.corporationwiki.com/Georgia/Kathleen/nexgen-holdings-inc-3704363.aspx
Yes, both are on the list of many names and corporations at that address:
http://www.corporationwiki.com/Florida/Boca-Raton/433-Plaza-Real-Ste-275-Boca-Raton-FL-33432-a48376.aspx
I guess they are shown in Edgar under Antra Holdings, Delaware from pinksheets :
*
Company Notes
o Formerly=GHL Technologies, Inc. until 9-07
o Formerly=Peku Manufacturing, Inc. until 3-06
o Formerly=Antra Holdings Group, Inc. until 11-05
o Formerly=Wall Street Records, Inc. until 6-98
o Formerly=Opell, Inc until 2-98
there is no green bridge industries, but there is a green bridge technologies on edgar, nit the company we look for though
http://www.sec.gov/cgi-bin/browse-idea?company=green+bridge&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
Antra holdings ???? in Delaware???
This is interesting CIK from pinksheets:
*
SEC Reporting Status
non-SEC Reporting Company
*
CIK
0001094370
*
Fiscal Year End
12/31
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=nxgh#getCompanyInfo
SEC filings:
http://www.sec.gov/cgi-bin/browse-idea?company=&match=&CIK=0001094370&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
Sorry my apologies Nexgen holdings LLC does seem to be different from Nexgen Holdings Inc. I find no records of the company on Edgar, maybe it's just me:
http://www.sec.gov/cgi-bin/browse-idea?company=nexgen&match=&CIK=&filenum=&State=&Country=&SIC=&owner=include&Find=Find+Companies&action=getcompany
http://www.sec.gov/Archives/edgar/data/722256/000120919109000641/0001209191-09-000641.txt
Incorporated in NY according to this Form 4:
-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
M/AkM4+PgKPh7WK/uRzb4oU5fEAVRTnIXCSekme+eIYb/CJPpIbbquMD4xjs6i/5
QzVBv/AVM1Xa7jSEb6DhrQ==
<SEC-DOCUMENT>0001209191-09-000641.txt : 20090105
<SEC-HEADER>0001209191-09-000641.hdr.sgml : 20090105
<ACCEPTANCE-DATETIME>20090105154728
ACCESSION NUMBER: 0001209191-09-000641
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20090102
FILED AS OF DATE: 20090105
DATE AS OF CHANGE: 20090105
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HUDSON VALLEY HOLDING CORP
CENTRAL INDEX KEY: 0000722256
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 133148745
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 21 SCARSDALE ROAD
CITY: YONKERS
STATE: NY
ZIP: 10707
BUSINESS PHONE: 9149616100
MAIL ADDRESS:
STREET 1: 21 SCARSDALE ROAD
CITY: YONKERS
STATE: NY
ZIP: 10707
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Nexgen Holdings LLC
CENTRAL INDEX KEY: 0001412676
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30525
FILM NUMBER: 09504917
BUSINESS ADDRESS:
STREET 1: C/O 21 SCARSDALE RD
CITY: YONKERS
STATE: NY
ZIP: 10707
BUSINESS PHONE: 914-961-1300
MAIL ADDRESS:
STREET 1: C/O 21 SCARSDALE RD
CITY: YONKERS
STATE: NY
ZIP: 10707
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>FORM 4 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
<schemaVersion>X0303</schemaVersion>
<documentType>4</documentType>
<periodOfReport>2009-01-02</periodOfReport>
<notSubjectToSection16>0</notSubjectToSection16>
<issuer>
<issuerCik>0000722256</issuerCik>
<issuerName>HUDSON VALLEY HOLDING CORP</issuerName>
<issuerTradingSymbol>HUVL</issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik>0001412676</rptOwnerCik>
<rptOwnerName>Nexgen Holdings LLC</rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1>C/O 21 SCARSDALE RD</rptOwnerStreet1>
<rptOwnerStreet2></rptOwnerStreet2>
<rptOwnerCity>YONKERS</rptOwnerCity>
<rptOwnerState>NY</rptOwnerState>
<rptOwnerZipCode>10707</rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector>0</isDirector>
<isOfficer>0</isOfficer>
<isTenPercentOwner>1</isTenPercentOwner>
<isOther>0</isOther>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2008-12-19</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>5</transactionFormType>
<transactionCode>J</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
<footnoteId id="F1"/>
</transactionCoding>
<transactionTimeliness>
<value>E</value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>178880</value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value>0.00</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>A</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>1967684</value>
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<footnoteId id="F3"/>
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</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value>Common Stock</value>
</securityTitle>
<transactionDate>
<value>2009-01-02</value>
</transactionDate>
<deemedExecutionDate></deemedExecutionDate>
<transactionCoding>
<transactionFormType>4</transactionFormType>
<transactionCode>S</transactionCode>
<equitySwapInvolved>0</equitySwapInvolved>
</transactionCoding>
<transactionTimeliness>
<value></value>
</transactionTimeliness>
<transactionAmounts>
<transactionShares>
<value>178880</value>
</transactionShares>
<transactionPricePerShare>
<value>48.00</value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value>D</value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value>1788804</value>
<footnoteId id="F3"/>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value>D</value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<footnotes>
<footnote id="F1">Stock Dividend of .10 share of common stock for each share held that was paid on 12/19/2008</footnote>
<footnote id="F2">Amount reflects stock dividend of .10 share of common stock for each share held that was paid on 12/19/2008</footnote>
<footnote id="F3">The reported securities are owned directly by Nexgen Holdings LLC and indirectly by (i) Marie Holcombe as a co-manager and member of Nexgen Holdings LLC, (ii) James Veneruso as a co-manager of Nexgen Holdings LLC, (iii) The Josephine Abplanalp Revocable Living Trust f/b/o Marie A. Holcombe as a member of Nexgen Holdings LLC and (iv) other members of Nexgen Holdings LLC who are not Reporting Persons. Marie Holcombe, The Josephine Abplanalp Revocable Living Trust f/b/o Marie A. Holcombe and the other members of Nexgen Holdings LLC disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.</footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName>/s/ Stephen R. Brown (Stephen R. Brown as Attorney-in-Fact for Nexgen Holdings LLC)</signatureName>
<signatureDate>2009-01-05</signatureDate>
</ownerSignature>
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</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
GHL Technologies Authorizes Reverse Split to Strengthen Company.
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Link to this page
<a href="http://www.thefreelibrary.com/GHL+Technologies+Authorizes+Reverse+Split+to+Strengthen+Company.-a0168214025">GHL Technologies Authorizes Reverse Split to Strengthen Company.</a>
BREMERTON, Wash. -- GHL GHL Guideline Harvest Level (commercial fishing)
GHL Greenland Halibut Technologies, Inc. (Pink Sheets:GHLT) announced today that the company has effected a 50-for-1 reverse stock split. This split became effective at the close of business on August 27, 2007.
As a result of the reverse stock split, every 50 shares of GHLT common stock will be exchanged into one share of GHLT common stock. Following the split, GHLT will approximately have just over 1 million outstanding shares. Those shareholders with fractional shares Fractional share
Stocks amounting to less than one full share, usually resulting from splits, acquisitions, exchanges, or dividend reinvestment programs.
fractional share
Less than one share of stock, that is, one-third or one-half a share. after the split will be issued cash in lieu Cash In Lieu (CIL)
In a typical exchange offer, "old" shares of the target company are exchanged for "new shares". of rounding up or down to the nearest share.
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Gene Hew-Len, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , stated, "We believe this is the best course of action for GHLT to follow at this time. We recently enacted a new business strategy to target the fleet market. During this implementation we have seen very erratic trading volume Trading volume
The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. , and have received limited support from the market. This decision has been made with the future of GHLT and its shareholders in mind." He continued with, "We believe that this course of action will greatly benefit our shareholders and the company in the long term. This action is providing GHLT with an opportunity to create more value for its shareholders and will allow us to execute the NXGen strategy focused on fleet vehicles."
Shareholders must contact the transfer agent to have their shares exchanged; the transfer agent can be contacted as indicated below:
First American Stock Transfer
706 East Bell Road, Suite 202
Phoenix, AZ 85022
Office 602-485-1346
Fax 602-788-0423
Jeannie@firstamericanstock.com
GHL Technologies, Inc., through its wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
Notes:
In other words, the parent company owns the company outright and there are no minority owners. NXGen, Inc., is focused on providing solutions to commercial fleet operators, enhancing their productivity and operating efficiencies. GHLT specializes in the emerging, multi-billion-dollar GPS/telematics industry. GHLT's mission is to become a recognized leader in this industry by aggressively investing in new acquisitions, building strategic alliances and securing strategic partnerships with companies on the cutting edge of the GPS and telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the development - thereby creating value for its shareholders.
For more information please visit the company website at www.GHLTechnologies.com or call 360-782-0169.
For investment information please contact ATG ATG antithymocyte globulin. lymphocyte immune globulin (antithymocyte globulin equine, ATG, ATG equine, LIG)
Atgam
Pharmacologic class: Immunoglobulin
Therapeutic class: Immunosuppressant INC at 858-764-1820 or aflores@atgcapital.com.
"Safe Harbor Safe Harbor
1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive.
..... Click the link for more information." Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and
..... Click the link for more information. of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although GHL Technologies, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by GHL Technologies, Inc. or any other person that the objective and plans of GHL Technologies, Inc. will be achieved.
http://www.thefreelibrary.com/GHL+Technologies+Authorizes+Reverse+Split+to+Strengthen+Company.-a0168214025
fluff, yes
http://www.sec.gov/litigation/complaints/2008/comp20684.pdf
http://www.sec.gov/litigation/litreleases/2008/lr20684.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20684 / August 15, 2008
Securities and Exchange Commission v. Francisco Abellan, et al., Case No. 3:08-cv-05502-FDB (W.D. Wash. filed August 14, 2008)
SEC Freezes Funds in Trans-Atlantic "Pump and Dump" Scheme
The Securities and Exchange Commission announced today that it obtained an emergency court order freezing the profits from an alleged $13 million international fraud involving a Seattle-area microcap company and a Barcelona stock promoter. The Commission charged Bremerton, Wash.-based GHL Technologies, Inc., and its CEO Gene Hew-Len with issuing a series of false press releases touting the company's business dealings. The Commission also charged Francisco Abellan (also known as "Frank Abel") of Barcelona, Spain with coordinating the scheme, sending glossy promotional mailers to over 2 million U.S. recipients and unloading over $13 million in GHL stock on unsuspecting investors.
At the SEC's request, the federal district court in Tacoma, Wash. Thursday issued an order freezing Abellan's assets and prohibiting him from further dissipating the proceeds of the scheme (most of which, according to the SEC, he transferred to multiple bank accounts in the principality of Andorra).
GHL (later renamed NXGen Holdings, Inc.) is an installer of GPS-based navigation equipment. According to the Commission's complaint, in early 2006, President and CEO Hew-Len and stock promoter Abellan arranged for GHL to issue millions of shares of GHL stock to offshore entities designated by Abellan. In April 2006, the SEC alleges, Abellan caused the dissemination of "The Street Stock Report," a full-color glossy mailer sent to millions of U.S. addresses urging investors to purchase GHL stock quickly to see huge trading profits. Around the same time, Hew-Len issued nine press releases over a nine-week period hyping the company. Among other things, according to the SEC, the press releases made false claims about contracts with large customers, fraudulently touting millions of dollars in potential revenues.
Following this concerted promotion campaign, GHL's stock price doubled and trading volume spiked nearly 1500%. Abellan and his entities sold their GHL stock holdings for profits in excess of $13 million. The stock, which reached a high of nearly $9 per share at the height of the scheme, now trades at under a penny.
The SEC's complaint charges GHL, Hew-Len and Abellan with violating Sections 5(a) and 5(c) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and seeks preliminary and permanent injunctions, disgorgement, penalties, and other permanent and emergency relief. The complaint also names various entities associated with Abellan, including Vega Star Capital, EU Equity Holdings, and KLO Financial Services, as defendants or relief defendants. Pursuant to the court's order, a hearing will be held on August 27, 2008 to determine whether the asset freeze will remain in place during the remainder of the litigation.
GHLT Announces Creation of NXGen, Inc. Subsidiary
Business Wire, Feb 26, 2007
* 1
* 2
* Next »
BREMERTON, Wash. -- GHL Technologies, Inc. (PINK SHEETS:GHLT) today announced the creation of a new subsidiary - NXGen, Inc. The new subsidiary is a part of the strategic plan of GHLT for vertical integration of related products within the GPS and transportation industries by expanding from installation to product sales. NXGen will seek to enter into partnerships for product sales and distribution of new GPS related technologies allowing GHLT to broaden its spectrum of products within this exciting sector.
"The creation of NXGen is critical in the ongoing implementation of our plan to significantly enhance the revenues and potential future earnings of GHLT. NXGen is expected to consummate critical networking opportunities which will allow the company to achieve a new level of success," stated Gene Hew-Len, Founder and Chief Executive Officer.
About GHL Technologies, Inc.
GHL Technologies, Inc. actively installs, develops and markets navigational devices for the transportation industry. The company has developed strategic alliances which provide it with the platform necessary to become an emerging growth business.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although GHL Technologies, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by GHL Technologies, Inc. or any other person that the objective and plans of GHL Technologies, Inc will be achieved.
COPYRIGHT 2007 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning
http://findarticles.com/p/articles/mi_m0EIN/is_2007_Feb_26/ai_n27305608/
GHLT was the previous symbol which got changed to NXGH
Daily List Search
OTHER-OTC / PORTAL SYSTEM CHANGES
DIVIDENDS
Record Date Symbol Company Name Dividend Type
GHLT GHL Technologies, Inc. Common Stock Reverse Split
NAME/SYMBOL CHANGES
DL Date Date Old Symbol/Name New Symbol/Name
9/6/2007 9/7/2007 GHLT GHL Technologies, Inc. Common Stock NXGH NXGEN Holdings, Inc. Common Stock
http://www.otcbb.com/asp/dailylist_search.asp?DirectSymbol=GHLT&OTCBB=OTC
I think it is about to break through .14 oops it just did.
Would love to, but bouncing against the 5% limit with 70 million.
Could they have moved to Michigan? It's funny we can't even find where they are incorporated. I thought I have seen it all, but wrong again.
http://finance.yahoo.com/q/pr?s=NXGH.PK
Thanks, needs to be straightened out.
Thanks, B and K, for all the e-mails and info. Here's the thing: I
need some investors to *call me*. I need investors to tell their stories
and what exactly they're upset about and what they want, as one from CA
already has. I'm a radio reporter and I need people to talk - that's what
makes my stories possible. E-mails doesn't talk. So I encourage you to let
people on the board they can contact me at my office phone, or by e-mail, to
set up a time to talk. You have my info. on the message board...
Thanks
David
David Sommerstein
Reporter/Asst. News Director
North Country Public Radio
St. Lawrence University
Canton, NY 13617
T: (315)229-5356
F: (315)229-5373
C: (315)323-1222
david@ncpr.org
www.ncpr.org
You might want to consider your signature LOL, maybe to the Pats?
SpongeTech® Delivery Systems, Inc. Partners with the Cincinnati Bengals
http://ih.advfn.com/p.php?pid=nmona&cb=1248961927&article=38839023&symbol=NB^SPNG
"Landing on the store shelves across the country is what we need to accomplish as the business method."
Yes I agree. This definitely is a phase I (almost phase II ) company.
As the SEC explains, it can be FTD's on the long side as well. Sometimes it just takes a day or more longer to settle. As you can see, the 24 million FTD's were gone the next day, i.e they got delivered.
I have seen a lot of FTD's in times where companies dilute before. Why? I don't know.
"SpongeTech Had 24 million FTDs on June 1st 2009. That was also the settlment date."
it is 7,890,269 as of 6/30/09 and 24,381,363 on 6/1/09 (edit, my apology didn't see it at first.)
20090630|849109103|SPNG|7890269|Spongetech Delivery Systems, I|0.11
You cannot add FTD of several days, as those already are aggregate numbers:
"The figure is not a daily amount of fails, but a combined figure that includes both new fails on the reporting day as well as existing fails. In other words, these numbers reflect aggregate fails as of a specific point in time, and may have little or no relationship to yesterday's aggregate fails. Thus, it is important to note that the age of fails cannot be determined by looking at these numbers."
Also FTD's are not necessarily naked shorts:
Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling.
http://www.sec.gov/foia/docs/failsdata.htm
WEB AUDIO: Scozzafava & her brother's investment company 07/24/09
Listen to audio | Download audio (1:22)
Republican candidate for the 23rd congressional district, Dede Scozzafava, explains to David Sommerstein that she has no connection to her brother's venture capital firm, Seaway Valley Capital Corp., which owes $192,000 in state and federal taxes.
Permalink|Comment | ShareThis
http://www.northcountrypublicradio.org/news/sommerstein.php
Dede trying to distance herself:
http://www.northcountrypublicradio.org/news/story/14033/web-audio-scozzafava-her-brother-s-investment-company
Thanks tb
As incredible as it sounds, TS probably hasn't done anything illegal, at least probably nothing illegal the SEC can put its fingers on. Other than distorting the state of affairs and obviously promoting the company stock, I can't see anything that he did wrong. Issuing debentures and taking on loans while wasting the money on futile enterprises is not really against the law. And it is not against the law to take shareholder money. His filings seem all up to date, so it would be a tough case for the SEC, plus its small potatoes for them.
Oh, we can start a chart now connecting all the penny stock scams to SPNG. We already have a list with Moskowitz, Metter and Dicon connected to various penny stocks. Usually you find connections thru mgmt, lawyers and auditors. SPNG will be no exception.
Here we go again, one PR and immediately we see another red flag on Viagra. I'm starting to believe that Metter and Moskowitz don't even care at this juncture. Their bank accounts are probably stuffed with cash.
I think the squeeze trigger price is .10. That's when a lot will hit the sell buttons. IMO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39987652
Kind of makes sense as the same often can be said for a company going on the RegSho list.
.1375 those .14's aren't cheap anymore.
edit .137
I believe it's fresh shares hitting the market, seen it before. Timing also matches the RegSho listing.
5k blocks always seem to happen when new shares hit the market. Nobody seems to know why.
nope haven't bought any lately. I revisit the stock when it falls below .001 (the trip ooo's)
"The testing was for the RACKS, which have been in there for 1.5 years now..."
That's what I thought, but if you read the PR carefully, it says initial production. Can we verify that WNBD is in more than 100 Home Depot stores?