Klon,
As you can see by the PR 9/15/2009 Mr.Sym stated that we were purchasing an asset worth between $80 Mil. and $100 Mil.
If that is an accurate statement, and you divide 1.12 bil. into the lower of $80 Mil. you will find that the share price will be .0625 cents. Keep in mind that that share price is based on an asset value of $80 Mil. and it is using the authorized total not the shares outstanding. This means that if Jonathan Sym , which is a man with a government secret clearance, said that the asset value was $80 to $100 Mil. I believe the value is that and what else have they done since September? Marvin
Per Nevada SOS
1,280,000,000 – AS
Per Transfer Agent
781M – OS
413M – Float
368M – Restricted
The Evermedia Group Provides Guidance on Upcoming Share Structure
NEW YORK, NY -- (Marketwire) -- 09/15/09 -- Recently The Evermedia Group, Inc.
(PINKSHEETS: EVRM) acquired a majority position in STS Evermedia Corporation (SEVM), holding company of defense contractor System Technology Solutions, Inc. (STS). As a result of this acquisition, the authorized capital stock of the company will increase from 790 million to 1.28 billion shares. The increase will reflect the issuance of new Class B non-voting and non-trading shares. The total number of outstanding shares will increase to approximately 1.131 billion shares, of which the entire increased amount will be used to finance the recent acquisition. The majority of the stock used will come from Class B shares affecting the Class A shares by an increase of approximately 124 million shares. As no third party investors, brokers or commissions were involved in the transaction, all of the increase in outstanding shares will be given to officers, directors and employees only, all in the form of restricted stock. Furthermore, the percentage increase also reflects the minimum federal requirements necessary for The Evermedia Group and its subsidiaries to maintain the Service Disabled Veteran Owned Small Business (SDVOSB) status. Lastly, the number of shares in the float will not be affected by this transaction.
CEO of The Evermedia Group Jonathan Sym commented that "this acquisition is very important to the growth of our company. The STS transaction will allow us to consolidate financials and to generate revenues for the first time in our company's developmental history as well as to align ourselves with several top 100 federal contractors to integrate our biometric identity applications. Now that all of our current and future operating companies will be designated as SDVOSB, this will give us a valuable and distinct advantage when bidding for government contracts against some of our larger competitors." He further stated that "the total cost of this acquisition is about $15 million in stock and cash. What we are buying is an asset that is worth about $80-$100 million, based on STS' current and pro forma revenues, earnings growth rates, relative P/E and its ability to generate government contracts in the next three years. This is an incredible opportunity for us to acquire an asset for a great price.
