Amazing NR for PKTO - even more amazing is VSHD had identical news
Pocketop Corp. Is Debt Free With Assets Only!
Monday March 12, 3:30 pm ET
Pocketop Corp. Explains Balance Sheet
DOVER, DE--(MARKET WIRE)--Mar 12, 2007 -- Pocketop Corp. (Other OTC:PKTO.PK - News) today clarified its Balance Sheet to counter any speculation by its new shareholders. The company explained that although millions have been spent on development and sales to date the secured creditors and Cyberhand Technologies International Inc. have agreed to create a new debt free entity that would start with only assets on the balance sheet and no debt whatsoever. Tangible assets in hardware, inventory, designs, patents, trademarks and parts totaling hundreds of thousands of dollars and the investment credit for the millions more that was spent were simply placed in the new company. The new Pocketop Corp. will have all it needs to produce new products on time and on budget regardless of the complexity and feature set. It has also been agreed that Cyberhand Technologies International Inc. will provide its existing design files at no charge and to use its design studios and software group at a preferred rate unmatchable in the industry to speed production.
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"We have no debt, plenty of assets and millions already spent to help us," commented Nino Caldarola, President and Chief Executive, Pocketop Corp. "No debt, assets, superior designs ready to go, proven manufacturing expertise on tap and a team ready to go with little overhead to worry about. We are going to be a hard to beat technology provider with a price point unmatched in the industry. If you thought we were hard to beat in the past, come and try our new products and enjoy what a debt free working environment brings to the market. We will be delivering the world's best products at the industry's best price and offering service no one can even hope to touch," stated Nino Caldarola.
VShield Software Corp. Is Debt Free Software Company With Assets Only!
Monday March 12, 11:58 am ET
VShield Software Corp. Explains Balance Sheet
DOVER, DE--(MARKET WIRE)--Mar 12, 2007 -- VShield Software Corp. (Other OTC:VSHD.PK - News) today clarified its Balance Sheet to counter any speculation by its new shareholders. The company explained that although millions have been spent preciously on software development and commercial site testing to date the secured creditors have agreed to create a new debt free entity that would start with only assets on the balance sheet and no debt whatsoever. Tangible assets in hardware, boxed software inventory, designs, potential process patents, copyrighted material and parts totaling thousands of dollars and the investment credit for the millions more that was spent were simply placed in the new company. The new VShield Software Corp. will have all it needs to produce its new software products on time and on budget regardless of the complexity and feature set. It has also been agreed that all previous enhancements and rights to other software not mentioned on the web site will also be transferred to the new company at no charge, when available. This suite of products will include a full suite of tested casino software, it proprietary net meeting software, and various other components.
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"We have no debt, plenty of assets and millions already spent to help us," commented Patrick Burke, Chief Technical officer of VShield Software Corp. "It's a real pleasure to have no debt, assets, the base code, powerful leading edge software tools at our fingertips, superior designs ready to go, proven software expertise on tap and little overhead to worry about. We are going to be a hard to beat software provider with profitability and burn rate unmatched in the industry. If you thought we only dealt with large commercial installations and ignored the retail market you would be wrong. The millions of small players on the web are welcome to try our new products and enjoy what a debt free working environment brings to the market. We will be delivering the world's best products, with the fastest most stable upgrades, at the software markets best price and offering service no one can even hope to touch. We will make the Internet safer and more comfortable than your home," stated Patrick Burke.
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