Aluf Holdings Inc (AHIX)

[Robza73]

New CEO of AHIX - HUGE BACKGROUND inside

From July 1985 until March 1986, Mr. Milligan served as Regional Director for the Walt Disney Company, where he was responsible for sales and marketing in eight midwestern states.

Mr. Milligan was President, CEO and founder of 21st Century Cable Inc. (21st Century Telecom Group Inc.)





At 21st Century, Milligan's right-hand man was Richard Wiegand-Moss, 21st Century's chief operating officer. Moss came to Chicago from Cincinnati, where he was VP of customer operations for Time Warner Cable's 200,000-subscriber system.

Milligan's company 21st Century was eventually sold to RCN for $500 mill (and ties with Microsoft billionaire and co-founder Paul Allen)!!



https://www.cedmagazine.com/article/1997/10/21st-century-lays-out-its-plan

http://articles.chicagotribune.com/1999-12-22/news/0003110224_1_rcn-corp-chicago-customers-chicago-internet

Milligan had several equity investors who, collectively, have shelled out tens of millions of dollars:

George Soros: George Soros, Hon FBA is a Hungarian-American investor, business magnate, philanthropist, political activist and author. Soros is one of the world's most successful investors. As of February 2018, Soros had a net worth of $8 billion, after donating $18 billion to his philanthropic agency, Open Society Foundations.

William F. Farley: William F. Farley (born October 10, 1942) is the sole owner of Farley Industries, a private equity firm based in Chicago. For 15 years (1985–99), he was chairman and CEO of Fruit of the Loom. Farley Industries soon encompassed numerous companies within the manufacturing, mining, and apparel industries. The largest acquisition was Northwest Industries, for $1.4 billion in July 1985.[8] Farley Industries had 50,000 employees and nearly $4 billion in annual sales by the late 1980s.

https://en.wikipedia.org/wiki/William_F._Farley

JK & B Capital: JK&B Capital (www.jkbcapital.com) is a venture capital firm with $600 million under management. Founded in 1995, the fund offers in-depth technical and industry expertise capable of adding true value and insight to the entrepreneur. JK&B Capital is an active investor that usually assumes a lead investor role and works closely with the company’s management. Its primary investment focus is in telecommunications, software and information technologies.

Successful public portfolio companies of JK&B include: Exodus Communications, MPower Communications (MGC Communications), Phone.com, Commerce One, Interwoven, Selectica, Silverstream, Viador, Daleen, Macromedia (Andromedia), SCC Communications and RCN Corp. (21st Century Telecom Group).



Formerly, Mr. Milligan was a member of the Chicagoland Chamber of Commerce's Executive Board of Directors, Executive Board of Directors of the National Conference of Christians and Jews, recipient of the Chicago Christopher House's Annual Harold Blake Award for Outstanding Community Service, recipient of the annual Good Scout Award from the Chicagoland Boy Scouts of America, named to the Final Four in Ernst & Young's annual "Chicago Entrepreneur of the Year" program, and included in Crain’s Chicago Business’ “Chicago’s 50 Most Influential Businessmen” and “Who’s Who in Chicago Business”.

From the January 3 PR for AHIX:
His track record of identifying and assembling diverse teams to implement complex strategies has enabled him to build companies to valuations approaching $1 billion. During his decades of C-level experience, Mr. Milligan has interfaced with some of the largest global financial institutions, venture capital firms, mutual funds, and private investors to underwrite his projects. His 'hands on,' 'do whatever it takes to succeed' mindset represents the type of leadership we have been seeking."



From the March 5 PR on AHIX:

To this end, I am pleased to inform you AHIX is in the final stages of due diligence and a $15.5 MM capital raise to fund the total acquisition of two (2) targeted biometrics companies.

https://www.otcmarkets.com/stock/AHIX/news/story?e&id=1021126

Furthermore, from that same PR:
Our new biometrics focus and near-term acquisitions will power an ever-growing IP portfolio with impressive technologies and software systems currently in high demand by local, state and federal law enforcement agencies nationwide. ROI will be driven by the development and monetization of an expanding $40,000,000 sales pipeline and growth of AHIX's technology services footprint into new markets.

And last but not last from that PR:
NO MORE DILUTION, no more conversions:
As I am sure you are aware, I arrived at AHIX during a period when there has been a massive influx of note conversions from past financings. Recent financial reports, when compared to previous years, have indicated that convertible debt in excess of $487,000 has come off our books. This is a result of our noteholders converting their debt into equity and selling into the market. The AHIX Annual Report will be released next month. It will reflect there are no more remaining debt-to-equity conversions. Although there is an enormous amount of shares in the float, AHIX remains on solid ground.