Sanwire Corp (SNWR)

[Kaseymoe]

Sanwire Exercises Its Option For 100% Ownership of The iPMine Intellectual Property

SEC Filing at: http://www.sec.gov/Archives/edgar/data/1096759/000109675913000008/nr01exerciseofipmineownershi.htm

Full Text:

Tulsa, OK – March 26, 2013 – Sanwire Corporation ("Sanwire") (OTCQB: NTMG) announced it has exercised its option under the recently executed License and Distribution Agreement for 100% ownership of the iPMine communications and mine-safety system. The iPMine system will continue to operate under Sanwire’s wholly owned subsidiary, iPTerra Technologies, Inc.

About Sanwire Corporation
Sanwire is a global provider of wireless communications services, data solutions, and application software/hardware that connect on-the-move professionals. Our vertically integrated portfolio of solutions target a diverse array of enterprises and multiple disciplines with one goal in mind - deliver efficient and reliable communications. For more information, visit our web site at www.sanwire.net.

About iPTerra Technologies, Inc.
iPTerra is a designer, developer, manufacturer, and marketer of a real-time 2-way wireless and/or wireline communications, and mine-safety solution for the global mining industry. iPMine, iPTerra’s flagship solution, allows mine operators to communicate (voice, text, and video), track, locate, identify, and monitor miners and equipment. For more information, visit our web site at www.ipterra.net.

Contact:
Carman Parente, President and CEO
1 [phone]

Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
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Hadn't known of a Tulsa connection for any of the various names associated with iPackets, predecessors or successors but the filing above is from Tulsa and this is shown as the CONTACT info via the ipTerra website.

iPTerra Technologies, Inc.
4528 South Sheridan Road
Suite 228
Tulsa, OK 74145
Phone: [phone]

For all inquiries, please email us at [e-mail]

Google Earth View shows the address to be a two building office complex - a variety of tenants are listed. Haven't called yet to see how they answer the phone - expect it'll go to voicemail.


The Sanwire website is back to showing "Under Contruction" with the Sanwire logo.

So looks like Sanwire, NTMGD, is the only play for all the ipackets technology.

Almost no trading in NTMGD - about every two weeks a few shares trade - last transaction was at 17.5 cents. The 1 for 50 reverse split price should be 47 cents but that fell immediately to 17 cents.

Here is the trading in NTMG and NTMGD for the past two months. Everything prior to the March 21st trade was pre-split. The flurry of trades on Feb 28th I still don't understand. The highwater mark of 0.015 pre split would translate to 75 cents after the reverse so the current and meaningless pricing of 17.5 cents is a 77% drop. That's the "price" of a reverse split which typically sees a reduction in value and thus market cap. A price paid for the cosmetic effective of getting share price back above a penny. Couple of minor transactions 4-4-13 for 17.5 cents.

Time & Sales
Price Size Exch Time
$0.1750 100 OTO 04/04
$0.1750 200 OTO 04/04
$0.1750 100 OTO 04/02
$0.1700 320 OTO 03/27
$0.1800 480 OTO 03/22
$0.1600 100 OTO 03/21
$0.1600 100 OTO 03/21
$0.0095 8,000 OTO 03/06
$0.0097 6,000 OTO 03/05
$0.0034 10,000 OTO 03/04
$0.0034 1,000 OTO 03/04
$0.0100 4,000 OTO 03/01
$0.0032 1,630 OTO 03/01
$0.0100 4,999 OTO 02/28
$0.0100 40,000 OTO 02/28
$0.0150 5,000 OTO 02/28
$0.0150 10,000 OTO 02/28
$0.0150 60,000 OTO 02/28
$0.0100 50,000 OTO 02/28
$0.0100 2,000 OTO 02/28
$0.0100 50,000 OTO 02/28
$0.0115 1,000 OTO 02/28
$0.0200 83,354 OTO 02/28
$0.0120 10,000 OTO 02/28
$0.0150 4,000 OTO 02/28
$0.0100 25,000 OTO 02/28
$0.0100 1,000 OTO 02/28
$0.0100 15,646 OTO 02/28
$0.0100 50,000 OTO 02/28
$0.0100 50,000 OTO 02/28