Saturday, December 11, 2010 6:31:29 PM
ADT could have been a private company and Triton asked for it to become a corp because in order for it to become a public company it would need to be under a corporation. This could be the only reason why it was done on 12/10/2010 or the state was late in filing the corp. on time.
Now back to the juicy part we have more news on the way as stated in the PR. I will highlight it in bold, red text for all to see. I am excited of the developments of this stock and can't wait for it all to come together. This is the stuff dreams are made of. A hint for u all, that other little monster creeping in our foot steps will take some time t o develop. Now is just too early to jump in, it will go much lower before the run. TTDZD is in full blow-out mode. Not hyping this stock but it's only fitting that we are sitting on a Gold mine here.
http://www.manta.com/mb?search=Advanced+Gold+Technology,+inc
Triton Signs Irrevocable Letter of Intent to Acquire Control of Advance Gold Technology ("AGT")
TIBURON, CA--(Marketwire - 12/09/10) - Triton's (Pinksheets:TTDZD - News) management announced today the signing of an Irrevocable Letter of Intent to acquire 51% control of Advance Gold Technology ("AGT") of Delaware. Under this acquisition AGT will become a wholly owned subsidiary of Triton Distribution Systems, Inc. Triton will exchange 20,000,000 restricted shares for 51% of the outstanding equity of AGT. Final agreements will be executed by January 15, 2011. The acquisition will require shareholders approval from both companies.
Universal Holdings of Beijing, China will provide any necessary capital to Triton Distribution Systems, Inc. to expand its operation and to complete the AGT acquisition together with future planned acquisitions in several industries that need the technology developed by Triton for 5,000,000 common shares of Triton.
AGT is currently a profitable mining services company, offering a full suite of mining services including: Contract Mining, Contracting / Construction, and Fabrication and Machine Services. AGT estimates total earnings for calendar year 2010 to reach $35 million in revenue and $15 million operating income. Additionally the company owns 49% of REP BEREZOVSKOYE, a well established Russian mining company located in the north of Russia. ADT estimates revenues to reach $55 million in 2011 with $20 million in operating income.
At the closing, Triton will purchase 51% of all issued and outstanding stock of AGT. This will result in a controlling interest of Triton over all the assets related to AGT, including all inventories, all intellectual property, all accounts and notes receivable, all contracts and agreements, all equipment, all legally assignable government permits, and certain documents, files and records containing technical support and other information belonging to the operation of AGT.
The existing Management of AGT will remain responsible and have exactly the same authority as previously appointed, to manage, make decisions, and run overall the day to day operations of AGT.
About Triton Distribution Systems: Triton Distribution Systems is an Internet-based software engineering company for electronic distribution of inventories in diversified industries from shipping to travel and from mining to transportation, hospitality and medical.
Triton's transfer agent Action Stock Transfer Corporation announced today that it has received all the stock certificates from the depository Trust Corporation ("DTC") to be exchanged for the new certificates under the new CUSIP number approved by FINRA for the November 17, 2010 Reverse Merger. The new certificates were FDERAL EXPRESSED to DTC yesterday December 8, 2010.
FORWARD-LOOKING STATEMENTS This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. The company's operations and business prospects are always subject to risk and uncertainties.
I maybe compelled to do a write up on TTDZD this weekend, stay tuned @ http://www.Greenuptrends.blogspot.com . This is truly deserving of some attention as an emerging company, especially in a hot sector (Gold) at a time of it's peak.
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