Midnight Holdings Group (MHGI)

[micuzzu45]

Doesn't Nicholas Cocco own almost 13% in shares ( I did read something like 112million shares owned just by him , also company making money last reported close to $5million in revs , what's up with that? News clip is old but why would they waste time with Acqusition,Expansion plans.

CLINTON TOWNSHIP, Mich., April 3 /PRNewswire-FirstCall/ -- Midnight
Holdings Group, Inc. (OTC: MHGI) today announced that it has purchased theassets of the three franchised All Night Auto operations in Oklahoma and added the three service centers to it's All Night Auto Stores, Inc.operations.The three facilities are located in Norman, Warr Acres and Yukon and
currently generate about $2.2 million in annual sales revenues according toNicholas Cocco, the CEO of Midnight Holdings Group, Inc. "This is the firstof several acquisitions we plan to complete over the coming years to growour operations and meet the objectives of our business plan."


Maybe the guy on the phone said it's sold out becasue of what the news below refers to...


Midnight Holdings Group Announces Expansion in Naperville, Illinois - Auto News from April 04, 2007
CLINTON TOWNSHIP, Mich., April 4 /PRNewswire-FirstCall/ -- Midnight Holdings Group, Inc. today announced that its subsidiary company All Night Auto Stores Inc. has sold its All Night Auto of Aurora, IL, and All Night Lube Express of Tinley Park, IL, operations to All Night Auto of Naperville, IL, a joint venture partnership between Midnight Auto Franchise Corp. and J.C. Walsh Inc. The transaction increases All Night Auto of Naperville's store ownership count from one to two (Tinley Park and Aurora) and merges the Lube Express operations at Tinley Park with the service center operations located at the same facility. Both locations operated by the joint- venture now have Lube Express facilities with common management and revenues. John Walsh, president of All Night Auto of Naperville, will be the General Manager with operational support provided by Midnight Auto Franchise Corp.

According to Nicholas Cocco, the CEO of Midnight, the deal will help streamline the efficiency of the two suburban Illinois operations allowing John Walsh to be focused on expanding the size and scope of the operations in both Aurora and Tinley Park.