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Press Release Source: Good Life China
Good Life China Corporation (TLGP - pending new ticker symbol) Issues Correction on Purchase of Assets
Tuesday February 19, 4:11 pm ET
BEIJING, China, Feb. 19 /PRNewswire-FirstCall/ - Good Life China Corporation issued a press release earlier today regarding the closing of the purchase of assets of Esprit/Good Life China.
The release erroneously reported the consideration as 86 million shares. The correct amount is 96 million shares of TLGP as consideration for the purchase, placing a value on the acquisition of $67.2 million USD.
The Company regrets the error.
About Good Life China Corporation
Good Life China Corporation operates a rapidly growing chain of franchised convenience stores based in Hebei Province, China. It employs advanced retail concepts such as e-commerce enabled POS/back office systems, and achieves significant economies of scale on the supply side of the business. It will be expanding geographically to neighboring Provinces, as well as offering a growing number of additional products and services, such as financial products, as it moves forward.
North American operations include a diversified number of online sub prime financial services. These included: the Payday Loan Software division; Forex Trading; and Advanced Electronic Funds Management.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Good Life China Corporation's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Good Life China Corporation's periodic reports filed with the regulatory authorities.
http://www.goodlifechina.com/
Eternal Image Completes Form “SB2” and Submits it to the SEC
The SB2 is Now Available for Viewing in the SEC EDGAR System
FARMINGTON HILLS, Mich.--(BUSINESS WIRE)--Eternal Image, Inc. (OTC:ETIM.PK), a public company engaged in the design, manufacturing and marketing of licensed brand image funerary products such as caskets, urns, monuments and vaults, today announced it has completed the compilation of its SB2 registration and has submitted it to the SEC. The SB2 registration document is Eternal Image’s first major step towards submitting application for acceptance as an Over the Counter Bulletin Board (OTC:BB) traded stock.
“Hitting the ‘go’ key to upload the application to EDGAR was a major milestone for our company,” said Jim Parliament, CFO, Eternal Image. “We have worked extremely hard to make this event possible. We have said all along that our goal is to be a company with a very long horizon; that we are here for the long haul, so to speak.”
“While we have been offering basic financial reporting as a Pink Sheet company, moving to the OTC:BB will allow us to formally become a fully reporting company. This will only make the stock more transparent for our increasingly sophisticated shareholders. It is the next step in what we believe will be a consistent series of steps to grow the company in size and maturity,” he added.
The application and the accompanying exhibits are available for viewing by the public in the SEC EDGAR system.
The process of completing the SB2 document is long and complex, and includes the coordination of SEC attorneys, auditors, professional accountants and transcription services. In addition, an array of supplemental exhibits has also been organized in support of the SB2.
“The internal process to build the SB2 registration statement required a long and involved six months,” said Parliament. “Now the SEC will begin its process, which we are told usually runs three to six months. We expect it will involve a good deal of back-and-forth between the SEC and EI as we answer questions and provide additional documentation and clarification. It is our goal to be on the OTC:BB this summer.”
“We are thrilled as a company to have reached this significant milestone,” says Clint Mytych, CEO of Eternal Image. “This is a completed milestone in our master strategic plan which positions us for tremendous future growth and access to necessary growth capital,” he adds. Clint also says that “Eternal Image will continue executing on the fundamentals such as product development, brand license acquisition, broadening our distribution base, and increasing sales while the SEC considers our application.”
About Eternal Image
Eternal Image, founded in 2002, is headquartered in Farmington Hills, MI. The company is the first and only manufacturer and marketer of licensed brand image funerary products. Currently, the company offers urns and caskets that feature licensed images from Major League Baseball™, Precious Moments™ and the Vatican Library Collection™, as well as pet urns featuring the American Kennel Club™. For more information about EI, visit www.EternalImage.net or call 1-888-6-CASKET.
SAFE HARBOR STATEMENT
Statements in this news release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may”, “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential” or “continue” or similar terms or the negative of these terms.
Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
Franchise Capital Corporation Issues Comment on Status of 8-K with Details of Aero Exhaust Acquisition
Press Release
Franchise Capital Corporation Issues Comment on Status of 8-K with Details of Aero Exhaust Acquisition
Issued Friday October 12, 9:05 am ET
MURRIETA, CA--(MARKET WIRE)--Oct. 12, 2007--Franchise Capital Corporation (Other OTC: FCCN) today issued a statement on the status of the Current Report on Form 8-K that includes details of its acquisition of Aero Exhaust, Inc., a world leader in performance exhaust airflow technology and NASCAR Performance Partner.
“The Form 8-K is a comprehensive filing that includes financial information audited by our independent auditing firm and a review by legal counsel that has been retained specifically for the 8-K,” stated Bryan Hunsaker, chief executive officer of Franchise Capital and Aero Exhaust. “We realize that there has been a great deal of interest generated by the acquisition of Aero Exhaust by Franchise Capital, and all parties involved in finalizing the 8-K are working hard to complete and file it as soon as possible, so the details of this transaction can be disclosed to our shareholders and the public markets.”
The definitive agreement regarding the acquisition of Aero Exhaust by Franchise Capital was executed in January 2007, and at that time, Franchise Capital announced that it expected to exchange up to 95% of its total issued and outstanding capital stock in exchange for all of Aero Exhaust’s issued and outstanding shares. Franchise Capital provided $1.9 million in financing in the form of a commercial loan to Aero as part of the transaction. The value of the loan and any accrued interest were converted into Aero Exhaust common stock as part of the share exchange, which increased the percentage of the public company’s issued and outstanding common stock retained by Franchise Capital shareholders. The final number of shares exchanged, including the additional percentage retained by Franchise Capital shareholders, will be included in the 8-K filing.
The 8-K will also include the audited financials of Aero Exhaust and additional detailed information on the company.
To sign up to receive information by email directly from Franchise Capital Corporation, including notices when the company issues future investor newsletters, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust’s products, race team, and motorsports ventures can be found on its corporate website, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company’s report on Form 10-K/A for fiscal year 2006 filed with the Securities and Exchange Commission.
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer, 951-677-8073
investors@franchisecapitalcorp.net
Another Dumb question.
If the 8k is about to come out and it will be a positive thing and will be good news for AERO than why is this stock continuing to go down? Wouldn't you think it would be going up?
REVERSE SPLIT?
Has there been any discussion about a reverse spit of this stock? I hav't been here much lately because of the Pumpers.
Steven Moskowitz, Chief Financial Officer of Spongetech Delivery Systems, Inc., Talks with Traders Nation
2:46p ET April 30, 2007 (Business Wire)
Traders Nation is pleased to announce that it has completed an interview with Steven Moskowitz, Chief Financial Officer of Spongetech Delivery Systems, Inc. (bb: SPNG) and the interview is available at http://www.tradersnation.com/spng.shtml.
Moskowitz updates listeners with current events of the company, product development, national distribution, commercial and residential uses, environmentally friendly sponges, multiple product lines and much more.
Spongetech Delivery Systems, Inc.
(SPNG) SqueezeTrigger Price is $0.19
6:00a ET May 1, 2007 (Business Wire)
Spongetech Delivery Systems, Inc. (OTCBB: SPNG) announced today that BUYINS.NET, www.buyins.net, is initiating coverage of Spongetech Delivery Systems, Inc. (OTCBB: SPNG) after releasing the latest short sale data to April 2007. From January 2007 to April 2007 approximately 6.6 million total aggregate shares of SPNG have traded for a total dollar value of nearly $1.3 million. The total aggregate number of shares shorted in this time period is approximately 986,603 shares. The SPNG SqueezeTrigger price of $0.19 is the volume weighted average short price of all short selling in SPNG. A short squeeze began when shares of SPNG closed above $0.19. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net.
Railpower Technologies Podcast Now Available for Download at MN1.com
1:11p ET April 17, 2007 (Market Wire)
Jose Mathieu, chief executive officer of Railpower Technologies Corp. (TSX: P), interviewed live with Market News First "Off the Charts" host Kate Delaney April 11, 2007. If you missed the chance to hear how Railpower Technologies is creating environmental solutions for railroads, log on to www.mn1.com and click the Downloads and Podcasts icon.
Railpower is an industry leader, specializing in energy technology systems for transportation; Railpower has created hybrid locomotives that are not only environmentally friendly, but cost effective as well.
During the interview, Mathieu detailed the Company's flagship product, the GC Series of yard locomotives. Its technology develops hybrids with the ability to cut 40-70 percent of diesel fuel use and 80-90 percent greenhouse gas emissions.
To learn more about Railpower Technologies, its hybrid giants, and how the Company has strategically positioned itself for success while keeping planet earth in mind, log on to www.mn1.com and download the Podcast free of charge.
About Railpower
Railpower (TSX: P) (www.railpower.com) is engaged in the development, construction, marketing and sales of specialized, patented, environmentally friendly technology systems for the transportation and related industries. Railpower's technologies significantly reduce fuel usage, operating and maintenance costs, and emissions. While Railpower's origins are in the transportation industry, its technologies have broad potential and applications in other markets and industries. Railpower is headquartered in Montreal, Quebec. Its U.S. office is located in Erie, PA.
About MN1.com
Market News First is an online, market news provider that brings investors current news on the market. Market News First is the only online, live IPTV web site that brings real market news to investors and features live interaction with companies from the Bulletin Board to NYSE.
Through daily, live interviews, we bring you up to date on all the established companies and inform the investors of the newest opportunities within the market. Market News First offers one-on-one interviews with the presidents and CFOs of companies to deliver answers to the questions that investors may ask and provides them insight into the companies' present condition and future plans.
Losing your friend..
http://www.petspub.com/html/pages/pages.html
Ameritrade - Tried to place an order at 7:50AM est. and they wouldn't take it.
It would be nice to have some news soon..
thank you
Question - If ETIM ended the week at .006 why did I find two sites that list it at .01?
http://www.marketwatch.com/quotes/etim
http://finance.google.com/finance?q=etim
Sorry - Google News released it 27 minutes ago.
NEWS-An urn for the die-hard fan
BY NEIL BEST
March 16, 2007
Hang on, Mets fans!
As of next month, Eternal Image of Farmington Hills, Mich., is putting on sale (through funeral homes) urns festooned with, yes, Major League Baseball logos.
For a mere $699, fans of the Yankees (and seven other teams) can have their remains put in an urn with the team's logo on the front, a base shaped like home plate and room for a souvenir baseball on top.
Coffins with team logos are due in September.
Which leads to an urgent question for any Mets fan currently, um, feeling a tad under the weather.
When will the Amazin's get their urn turn, joining the Yanks, Cardinals, Braves, Red Sox, Cubs, Tigers, Dodgers and Phillies?
A spokeswoman said the Mets are one of 12 teams due in the next wave of offerings later this year. So hang on!
At least Eternal Images is soft-pedaling the whole thing, given the sensitivity of the subject. "Not much has changed in the funeral industry in centuries - some might even say in thousands of years," its brochure reads. "Until now."
Copyright © 2007, Newsday, Inc.
This is confusing. Did this stock reverse split on Wednesday? If so Was it 2-1?
Interview with Franchise Capital Chief Executive Officer, Steven R. Peacock, Conducted March 8, 2007
http://www.equitydigest.com/FCCN_AERO_CEOCAST.html
FCCN SHAREHOLDERS CONCENTRATION
http://www.cnbc.com/id/15837275?q=fccn
Nice to see that this is staying up while the DOW is off so much.
Taking profits from the up turn..
Search Firm E-Commerce Solution, Features NASCAR Product
http://www.submitexpress.com/news/shownews.php?article=295
Salt Lake City, Utah - (Cheap Web Hosting Directory) - February 23, 2007 - Search and online selling solutions firm, Infopia, has joined Franchise Capital Corporation, in a National Association for Stock Car Auto Racing (NASCAR) Performance product, for packaging and related media.
NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. The agreement between Aero Exhaust and Infopia includes utilizing Infopia's award-winning Marketplace Manager to drive online transactions and revenue from eBay, Amazon, Overstock.com, Sell.com, uBid, and others. Additionally, Aero Exhaust will leverage Infopia's Software as a Service (SAAS) platform to integrate sourcing, inventory, merchandising, customer relationship management, and business analytics to optimize operating efficiencies and profit.
Bryan Hunsaker, CEO of Aero Exhaust, Inc. remarked, "We are very excited to partner with a company like Infopia that has produced such remarkable results for their clients. This is a key relationship for us as we continue to develop our comprehensive distribution strategy. We look forward to supercharging our online business across all of our product lines in 2007."
Franchise Capital Corporation recently announced that it had entered into a preliminary agreement to purchase all of the issued and outstanding shares of Aero Exhaust. The company is currently conducting its due diligence and expects to announce a definitive agreement with Aero Exhaust within the next 30 days.
Aero Exhaust is the world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site.
Infopia provides an eCommerce platform, designed to enable businesses to fully execute the online inventory-to-cash cycle, including a full range of critical success factors, to help companies to optimize product merchandising, manage the shopping experience, and maximize their presence through premier online marketplaces and search engines such as eBay, Amazon, Overstock.com, Shopping.com, Shopzilla, Yahoo! and Google. Together with online selling best-practices, Infopia provides unique and proven value to a wide range of clients, from start-ups to top eBay PowerSellers to multi-billion dollar corporations. Infopia is headquartered in Salt Lake City, Utah.
For more information about Aero Exhaust, please visit: www.aeroexhaust.com.
Cash Now Announces Engagement with a California Web Based Marketing Company
LAS VEGAS, Feb. 23 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now), is pleased to announce that it has contracted a California based technology company to develop its next-generation e-commerce and fully interactive 'Virtual Salesperson' website.
The new website will have full e-commerce capability, and will feature a virtual sales person that will point the end users to all of the services offered by the company. The site will provide a live person portal type service, for the various sub prime financial services, including Forex and other services offered by the company. This will include its products and services such as;
- A payday loan license program, Payday Express.
- A payday loan and check cashing license known as Check Express.
- Its innovative Electronic Wallet called the EM2 (Electronic Money
Management). This product is ideal as a powerful payroll tool,
allowing employers to issue 'Electronic Wallet' to each employee or
even for companies involved in Multi Level Marketing.
- Cash Now's upcoming Forex trading platform, which will be marketed
directly to active day traders, as well as being available to
licensees to offer their high wealth clients access to a
sophisticated and transparent trading platform originally designed
for institutional investors with accounts greater than $100 Million
USD.
Garr Winters, Cash Now's CEO, said, 'We are very excited about this new initiative. Cash Now has been an industry leader in developing and licensing a full suite of sub-prime financial services. The complexity and sophistication of our website has grown organically as we have added new products and services. It is appropriate to take this opportunity to redesign the site using the latest software and programming techniques. We will continue to transact business as normal on our present site, and execute a running rollover once the new site has been fully programmed and debugged.'
Winters also added, 'We are continuing to target the launch of our Beta test Forex website to be up and running by the end of February. This continues to be our highest priority new product, as we enter the retail Forex trading marketplace which is experiencing geometric growth rates with a product that will target active 'day traders' by offering a true flow-through data feed directly off the Interbank quotation service. We are aiming at having this new site launched in concert with the fully operational Forex platform.'
About Cash Now
Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. The company's proven business model includes licensing to corporately operated locations across the U.S. and Canada, as well as several foreign markets. Additionally, Cash Now's website is the most advanced payday-lending portal, offering key insight to clients and potential clients alike.
The Company is currently in the process of expanding its product portfolio by bringing a retail Forex trading platform to market, targeted to seasoned day traders.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Cash Now's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Cash Now's periodic reports filed with the regulatory authorities.
SOURCE Cash Now Corporation
Source: PR Newswire (February 23, 2007 - 4:16 PM EST)
Could this go down tomorrow before a larger up tick?
Railpower Technologies Corp. completes public offering raising net proceeds of approximately $32.0 million
TSX: P / RLPPF.PK
MONTREAL, Feb. 13 /CNW/ - Railpower Technologies Corp. (TSX: P) (the
"Company") is pleased to announce that it has closed its previously announced
public offering (the "Offering") of 34,500,000 units ("Units") at a price of
$1.00 per Unit for aggregate gross proceeds to the Company of $34,500,000. The
Offering included the exercise in full of the underwriters' over-allotment
option to purchase an additional 4,500,000 Units. Each Unit consisted of one
common share in the share capital of the Company ("Common Share") and one-half
of one Common Share purchase warrant. Each whole Common Share purchase warrant
will entitle the holder thereof to purchase one Common Share at a price of
$1.25, on or before February 12, 2010.
The Units were sold through a syndicate of underwriters co-led by
Canaccord Capital Corporation and Sprott Securities Inc., and included
National Bank Financial Inc., Paradigm Capital Inc. and Pacific International
Securities Inc.
The Company intends to use the net proceeds of the offering as follows:
approximately $20.0 million for working capital purposes to: (i) finance the
fulfillment of the Company's current orders and future orders, depending on
the payment terms; and (ii) to support the level of inventory. The balance of
approximately $12.0 million will be used for continued technology research and
development purposes and new business development activities.
Railpower Technologies News
Railpower Technologies Corp. completes public offering raising net proceeds of approximately $32.0 million
TSX: P / RLPPF.PK
MONTREAL, Feb. 13 /CNW/ - Railpower Technologies Corp. (TSX: P) (the
"Company") is pleased to announce that it has closed its previously announced
public offering (the "Offering") of 34,500,000 units ("Units") at a price of
$1.00 per Unit for aggregate gross proceeds to the Company of $34,500,000. The
Offering included the exercise in full of the underwriters' over-allotment
option to purchase an additional 4,500,000 Units. Each Unit consisted of one
common share in the share capital of the Company ("Common Share") and one-half
of one Common Share purchase warrant. Each whole Common Share purchase warrant
will entitle the holder thereof to purchase one Common Share at a price of
$1.25, on or before February 12, 2010.
The Units were sold through a syndicate of underwriters co-led by
Canaccord Capital Corporation and Sprott Securities Inc., and included
National Bank Financial Inc., Paradigm Capital Inc. and Pacific International
Securities Inc.
The Company intends to use the net proceeds of the offering as follows:
approximately $20.0 million for working capital purposes to: (i) finance the
fulfillment of the Company's current orders and future orders, depending on
the payment terms; and (ii) to support the level of inventory. The balance of
approximately $12.0 million will be used for continued technology research and
development purposes and new business development activities.
Underwriters increase bought deal to $30 Million
TORONTO, Jan. 23 /CNW/ - Railpower Technologies Corp. (the "Company") is
pleased to announce that the syndicate of underwriters led by Canaccord Adams
and Sprott Securities Inc., and including National Bank Financial Inc.,
Paradigm Capital Inc. and Pacific International Securities Inc. have increased
the size of the previously announced bought deal by an additional $5 million
for a total deal size of $30 million, all on the terms set forth in the
Company's earlier press release.
The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.
Railpower announces $25 million bought deal
RLPPF.PK
TORONTO, Jan. 23 /CNW/ - Railpower Technologies Corp. (the "Company") is
pleased to announce that it has entered into an agreement to sell, on a bought
deal basis, 25,000,000 units (the "Units") at a price of C$1.00 per Unit to a
syndicate of underwriters led by Canaccord Adams and Sprott Securities Inc.,
and including National Bank Financial Inc., Paradigm Capital Inc., and Pacific
International Securities Inc. (collectively, the "Underwriters"), for gross
proceeds to the Company of C$25 million. Each Unit will consist of one common
share and one-half of one common share purchase warrant. Each whole warrant
will be exercisable at a price of C$1.25 for a period of three years from the
closing date.
In addition, the Underwriters have been granted an option (the
"Over-allotment Option") to sell that number of additional Units as is equal
to 15% of the size of the offering for market stabilization and over-allotment
purposes. The Over-allotment Option may be exercised at any time, in whole or
in part, until that date which is 30 days following the closing date. The
offering is scheduled to close on or about February 13, 2007 and is subject to
certain conditions including, but not limited to, the receipt of all necessary
approvals including the approval of the Toronto Stock Exchange. The Company
will use its best efforts to list the warrants on the Toronto Stock Exchange
upon closing of the offering.
Proceeds of the offering will be used by the Company for general
corporate purposes.
The securities offered have not been registered under the U.S. Securities
Act of 1933, as amended, and may not be offered or sold in the United States
absent registration or applicable exemption from the registration
requirements. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the securities
in any State in which such offer, solicitation or sale would be unlawful.
Railpower Technologies Corp. completes public offering raising net proceeds of approximately $32.0 million
TSX: P / RLPPF.PK
MONTREAL, Feb. 13 /CNW/ - Railpower Technologies Corp. (TSX: P) (the
"Company") is pleased to announce that it has closed its previously announced
public offering (the "Offering") of 34,500,000 units ("Units") at a price of
$1.00 per Unit for aggregate gross proceeds to the Company of $34,500,000. The
Offering included the exercise in full of the underwriters' over-allotment
option to purchase an additional 4,500,000 Units. Each Unit consisted of one
common share in the share capital of the Company ("Common Share") and one-half
of one Common Share purchase warrant. Each whole Common Share purchase warrant
will entitle the holder thereof to purchase one Common Share at a price of
$1.25, on or before February 12, 2010.
The Units were sold through a syndicate of underwriters co-led by
Canaccord Capital Corporation and Sprott Securities Inc., and included
National Bank Financial Inc., Paradigm Capital Inc. and Pacific International
Securities Inc.
The Company intends to use the net proceeds of the offering as follows:
approximately $20.0 million for working capital purposes to: (i) finance the
fulfillment of the Company's current orders and future orders, depending on
the payment terms; and (ii) to support the level of inventory. The balance of
approximately $12.0 million will be used for continued technology research and
development purposes and new business development activities.
NASCAR - Will the AERO car be running in the Daytona500 and if so who will be driving?
Franchise Capital Corporation Announces February 2007 Investor Newsletter
TEMECULA, CA -- (MARKET WIRE) -- February 13, 2007 -- Franchise Capital Corporation (PINKSHEETS: FCCN) today announced that it has released the February 2007 issue of its investor newsletter. A PDF version of the newsletter is posted under the "Recent News" section on the company's website at www.franchisecapitalcorp.net and a notice has been distributed through its website-based mailing list.
The February 2007 newsletter includes articles that review the major events of the past month, including the definitive acquisition agreement between Franchise Capital and Aero Exhaust, Inc., a leader in performance exhaust airflow technology and NASCAR Performance Partner.
Shareholders and anyone else interested in receiving a notification when future newsletters are issued, should subscribe to the Franchise Capital mailing list by entering their email address in the appropriate field on the website home page.
"This edition of our monthly newsletter provides an overview of recent events regarding Franchise Capital and its anticipated acquisition of Aero Exhaust," commented Steven R. Peacock, chief executive officer of the company. "Included in these events was not only the definitive acquisition agreement but also the filing of preliminary proxy material for the company's annual meeting of shareholders and several updates on the operations of Aero Exhaust. We are pleased to provide this summary of Franchise Capital's recent activities and look forward to additional progress toward the close of our acquisition of Aero Exhaust."
Highlighted Links
Aero Exhaust Website
Franchise Capital Website
To sign up to receive information by email directly from Franchise Capital Corporation whenever new press releases, investor newsletters, SEC filings, and other new material is issued by the company, including an upcoming interview with Mr. Peacock, please visit http://www.franchisecapitalcorp.net.
About Aero Exhaust:
Aero Exhaust is a world leader in performance exhaust airflow technology, manufacturing and distributing the most technologically advanced muffler on the market. Its product lines are built to the highest industry standards and offer the consumer a lifetime warranty. Aero Exhaust has been issued U.S. and Australian patents on its innovations and development in the exhaust industry, and its mufflers are available worldwide through major retailers, mass merchant centers, automotive aftermarket supply stores and wholesalers. Aero Exhaust mufflers are an exclusive National Association for Stock Car Auto Racing (NASCAR) Performance product and carry the prestigious NASCAR brand on product, packaging and related media. NASCAR legend Rusty Wallace is the official spokesperson for Aero Exhaust products. Additional information on Aero Exhaust's products, race team, and motorsports ventures can be found on its corporate web site, www.aeroexhaust.com.
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance and the like are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including the lack of funding, inability to complete required SEC filings, and others set forth in the Company's report on Form 10-K/A for fiscal year 2005 filed with the Securities and Exchange Commission.
--------------------------------------------------------------------------------
CONTACT:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
Email Contact
SOURCE: Franchise Capital Corporation
Cash Now (CHNW) Begins Search For A Full Service Forex Broker - Dealer Firm
Thursday February 8, 5:00 am ET
LAS VEGAS, NV, Feb. 8 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now) Cash Now is a public company engaged in the operation and licensing of a comprehensive suite of Internet based payday loan and check cashing software and private label back end office systems.
Additionally, the Company is in the late developmental stage of offering an innovative Retail Forex trading platform through a previously announced Introducing Broker (IB) agreement with Advanced Markets, Inc.
The company today announced that it has retained an agent to assist in locating a suitable full service broker dealer agency for acquisition, together with various posted listings of "businesses wanted" sections on various Internet based business directories. This will allow the Company to bring these important capabilities in-house and provide greater vertical integration to maximize revenue streams from this high growth opportunity.
Mr. Richard Sciacchetano, Cash Now's advisor and project manager of the Forex product advised that "Cash Now is currently on track to complete the test site of the FOREX Introductory Broker site by the end of February 2007. Our webmasters are hard at work completing this task, and we expect to be in receipt of the good source codes from our supporting broker dealer firm that will link the Cash Now Forex site into the firms secure back office, that will service the clients FOREX needs."
Cash Now Background
Cash Now Corporation, a pioneer in the payday loan industry, is developing the most comprehensive menu of services in the cash advance industry, all centered on the Internet model. The company's proven business model includes licensing to corporately operated locations across the U.S., Canada, and Australia. Additionally, the company is in the developmental stage of a FOREX Introducing Broker (IB) platform. Cash Now's Web site is the most advanced payday-lending portal, offering key insight to clients and potential clients alike. Cash Now offers a payday loan license program, Payday Express; and a payday loan and check cashing license known as Check Express, and the industry first real time booking engine. The company plans to continue offering both of the FOREX and the sub prime product lines simultaneously.
Safe Harbor Statement
Information in this press release may contain 'forward-looking statements.' Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated. Forward-looking statements in this news release are made pursuant to the 'Safe Harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to the ability to close transactions being contemplated, risks related to sales, continued acceptance of Cash Now's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in Cash Now's periodic reports filed with the regulatory authorities.
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Source: Cash Now Corporation
Cash Now Announces Plans To Launch A Town Hall Forum For Its Shareholders
Thursday February 1, 7:44 pm ET
LAS VEGAS, NV, Feb. 1 /PRNewswire-FirstCall/ - Cash Now Corporation (CHNW.PK) www.cashnow.com (Cash Now). Cash Now is a public company engaged in the design, manufacture, marketing and distribution of customized payday loan and check cashing software and white label or private label back end office systems. Through it's www.cashnow.net site the company offers Internet-based payday loans and other sub prime financial utility tools. The company today announced that it intends to launch a "town hall forum" for it's shareholders to enable it's shareholder base to be more informed and more transparent to it's shareholders. The company today retained an IR firm to assist in the creation of the content, and assigned it the first task of reviewing and preparing "The Presidents Message" which the company prepared in a draft format. The company plans to host a "chat type" forum and message board, and perhaps a video feed, that will be hosted by the company's CEO and/or other key staff of the company. Garr Winters, Cash Now's CEO, said, "We felt that this was needed to keep our shareholders advised of all current affairs and we also felt we needed to go outside of our staff resource to be able to provide this type of service and content in a timely and quality fashion. We are also desirous of releasing the Presidents message as soon as possible and we are hoping that the launch of the Town Hall Forum; all of this can be done with the Presidents Message as our first virtual town hall meeting".
In other company news, the company confirms that it has began to seek an alternate name change to better reflect its new planned addition of the business line; that being a Forex Introductory Broker; together with it's current business product lines that will remain unchanged. The company also plans on requesting a new QUSIP number and a new trading symbol in the very near future. Mr. Winters added, "Our shareholders have been requesting and asking for this for some time now, and we also see this as the best route as well. The company will make a separate announcement on this topic in the very near future in accordance with the rules."
Cal-Bay Seeks Article Retraction from Louisiana Publication ``The Independent Weekly''
CARLSBAD, Calif.--(BUSINESS WIRE)--Cal-Bay International, Inc. (OTCBB:CBAY) President and CEO Roger Pawson announced the company has today given notice to Louisiana publication “The Independent Weekly” (www.theind.com) for an incorrect statement regarding a purchase contract for the “Couret Place” development property.
Pawson stated, “The article is completely misquoted in regards to statements that represent no such contract or communication existed. Cal-Bay has received the revised contract from the seller’s attorneys, via fax and FedEx which originated on Monday, Jan. 22. The negotiations between Cal-Bay and the seller’s attorneys have at no time been without communication. Cal-Bay fully intends to complete the acquisition within the time frames specified in and under the terms of the contract.”
Cal-Bay has given “The Independent Weekly” until 3:00 p.m. PST Jan. 25, 2007 to confirm their intent to rectify the misstatement by way of a published retraction.
FORWARD-LOOKING SAFE HARBOR STATEMENT: To the extent that this release discusses any expectations concerning future plans, financial results or performance, such statements are forward-looking within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and are subject to substantial risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and reflect only management's belief and expectations based upon presently available information. These statements, and other forward-looking statements, are not guarantees of future performance and involve risks and uncertainties.
The Company assumes no obligation to update any of the forward-looking statements in this release.
Cal-Bay International, Inc.
Tim Garlin, (760) 930-0100
Fax: (760) 930-0200
IR@calbayinternational.com
www.calbayinternational.com
Cal-Bay coy on Couret Place
Cal-Bay coy on Couret Place
A California company’s announcement that it has funding approval to take over north Lafayette’s failed Couret Place leaves more questions than answers.
By Leslie Turk | 1/24/2007
http://www.theind.com/business3.asp?CID=405810045
What last week appeared to be good news for contractors and creditors of the failed Couret Place traditional neighborhood development and the family that owns the north Lafayette land is creating more questions about the California company that claims it has a plan to salvage the project.
On Thursday, Jan. 18, Cal-Bay International, a publicly traded real estate development and investment group out of Carlsbad, Calif., announced that it had funding approval for a $400 million “residential/commercial golf course development project” in Lafayette. The company has been in negotiations for several months to take over the troubled 2-year-old project, a traditional neighborhood development promoted by Lafayette’s enigmatic Royston family — accountant John Royston, his son Kevin and Kevin’s wife, Ronnie — as north Lafayette’s River Ranch.
On Friday, Oct. 13 — three months before last week’s announcement — Cal-Bay issued a press release saying it was going to buy a residential and retail shopping center in southern Louisiana but did not identify the project at that time. When contacted by The Independent Weekly last December, however, Cal-Bay Vice President Bill Sickert confirmed that his company was planning to acquire John Royston’s Couret Place Inc., pay the Buller family of Evangeline Parish for the land, and pay off what he estimated might be as much as $2 million in debt (“Couret Controversy,” Dec. 6).
At that time, it seemed Cal-Bay was poised to save the proposed Couret Place TND from its mounting debt and legal troubles, which came to light last fall when the property’s owner, the Buller family, filed a breach of contract lawsuit against Couret Place Inc., whose front man is John Royston. Couret Place Inc. and the Bullers were to share revenues in the proposed development of the 177-acre tract off I-49 near Acadian Hills golf course — a project that supposedly included 1,000 residential lots and 30,000 square feet of commercial space — but the Bullers claimed Couret Place Inc. kept trying to change the agreement. Couret Place countersued, blaming the Bullers.
While that battle ensued, respected local contractors who performed work at the site — one owed as much as $400,000 — filed liens and lawsuits of their own against both Couret Place Inc. and the Bullers’ Couret Farms LLC.
“Our goal at Cal-Bay is to make good with all of the local contractors,” Sickert said in December. He also said 12 entities appeared to have put money down on 55 separate lots.
One person, who asked not to be identified, says he put $9,219 down on an option to buy a lot. The man says John Royston identified the parcel of land as one of his personal lots.
So why is the Jan. 18 announcement by a company promising to make good on Couret Place Inc.’s debts suspect? Because the Bullers, who still have title to the property, haven’t heard a peep from Cal-Bay after imposing a Thursday, Jan. 18, deadline for the company to respond to their offer to buy the land. The Bullers’ attorney, Marcus Fontenot of the Lafayette law firm Becker & Associates, says he’s been negotiating with Cal-Bay because the company assured him in writing that it purchased Couret Place Inc. When the project broke ground in March of last year, the owners of Couret Place were identified as John Royston, Stephen F. Owens of Alpine, Calif., and a San Francisco-based entity called Lisar, a company that appears to be owned by an investor named Clayton Lee, according to court documents. Fontenot has yet to see any documentation of that purchase, despite repeated requests that Cal-Bay produce it.
By Monday morning, Fontenot still had not heard from Cal-Bay. “No phone calls. No letters. No e-mails,” he says. “There’s no deal, absolutely not. I don’t know what they’re doing,” continues Fontenot, explaining that the Bullers’ proposal calls for an outright sale of the property. “We’re not interested in any joint venture. We were negotiating, but we had not reached an agreement. Our negotiations are, ‘Here is the sale price, but you have to pay all these people.’”
Because Cal-Bay did not meet the deadline, Fontenot and his co-counsel, Wendel Fusilier of Ville Platte, say they will pursue litigation against Couret Place Inc. this week.
Cal-Bay’s Sickert did not return phone calls seeking comment.
Yet another mystery is Cal-Bay’s written descriptions of the project. The company says the development is on 177 acres, the size of the Buller family land, but calls it a “mixed-use residential and commercial golf course development” mapped to include the construction of 500-1,000 single family residences simultaneously with a 10-acre commercial/retail facility development. If Cal-Bay’s plans include the nearby privately owned Acadian Hills golf course, the company has never mentioned it. The company says the project is expected to generate $400 million in revenue over the next three years and add $100 million to Cal-Bay’s bottom line upon completion.
In October, Cal-Bay noted that its wholly-owned subsidiary, COBS Homes Ltd., would develop the project. But in a tersely worded press release dated Dec. 26, Cal-Bay said it had released COBS as its subsidiary and that the two companies were operating independently of each other.
Since it was announced two years ago, Couret Place had been heavily promoted by John Royston, a Lafayette accountant whose financial disputes with local business people led to numerous lawsuits against him from 1997 to 2001.
John Royston declined comment for this story.
Despite the TND’s failure to materialize and the Royston family’s lack of real estate development experience, Couret Place appears to have been a financial windfall for the Roystons. For their sweat equity — none of them put any money into the deal — they were to receive options on a number of lots in the development, according to court documents. They also likely received hundreds of thousands of dollars in fees, according to the Bullers’ attorneys. “Management fees” and “professional accounting fees,” which it appears were paid to John Royston, totaled $226,000, according to an income statement John himself provided. Architectural intern Kevin Royston — who is not licensed to practice architecture in the state of Louisiana — was equally compensated for his role as “town planner,” as that same income statement reveals that $300,000 was paid out for “architectural fees.” Kevin’s wife, Ronnie, got “marketing fees” of $6,000, and “sales commissions” of $14,600 were paid to someone identified as R. Royston — presumably Ronnie.
Thanks for the insight on the reverse merger. Any thoughts on my original question?
From a newbe:
What would be a possible downside to this coming together. Would or could they reverse spit the stock? If so what would be the advantage to Aero or Franchise Capital to do this?
If one of you were in FCCN/AERO shoes what would be to your best advantage?
FROM A NEWBE 2:
I should have added this question to my last post but forget.
Why would AERO need to partner with FCCN to go public couldn't they have done this with out this partner? Excuse my lack of knowledge just trying to educate myself.
From a newbe:
What would be a possible downside to this coming together. Would or could they reverse spit the stock? If so what would be the advantage to Aero or Franchise Capital to do this?
If one of you were in FCCN/AERO shoes what would be to your best advantage?