Wisdom International Corporation Completes Transaction with Birchington Investments Limited for the Sale of Common Stock SALT LAKE CITY, July 29, 2005 (PRIMEZONE) -- Wisdom International Corporation (Pink Sheets:WSMI) announced today that it has recently completed a transaction with Birchington Investments Limited, an investment company, in which Birchington purchased 6,500,000 shares of Common Stock of Wisdom International Corporation at $0.90 per share in exchange for 5,850,000 Ordinary Shares of Birchington. Birchington is a newly formed company, which recently was admitted to listing on the Irish Stock Exchange in Dublin, Ireland. Birchington has been established specifically to invest in U.S. small-cap companies with long-term growth potential.
Material Technologies, Inc. Completes Transaction with Birchington Investments Limited for the Sale of 5,850,000 Shares of Common Stock Business Wire, June 13, 2005 E-mail Print Link LOS ANGELES -- Material Technologies, Inc. ("MATECH") (OTCBB:MTNA) announced today that it has completed a transaction with Birchington Investments Limited, a corporation organized under the laws of the British Virgin Islands ("Birchington"). In the transaction, Birchington purchased 5,850,000 shares of the restricted Common Stock of MATECH, in exchange for 5,850,000 Ordinary Shares of Birchington, calculated on the basis of a $1.00 US per share
The Guardian, Saturday October 29 2005 Article historyI have been phoned repeatedly by Securities Advisory Group International, apparently registered in New York, with a persuasive line to buy shares at $1.05 in Material Technologies - a small US firm which they say currently trades at $1.20 - "as a special recommendation for new customers".
SAGI states Material Technologies will show a rise of around 300% over a year. They will recommend when to sell and ask for 3% of any profits, this being their way of making profits for their company. The calls, actually from Ireland and not New York, have been up to 30 minutes duration.
Is this a genuine stock offer? SF, London
Material Technologies is a real Californian company working on electronic gadgetry to detect cracks in bridges and buildings. It has US government contracts, but it is still at the development stage with multi-million dollar research bills and losses. These costs are, in part, financed by issuing shares in exchange for money or stock in other companies. One such deal was a stock swap with Birchington Investments - registered in the British Virgin Islands but listed on the Irish Stock Exchange. These shares are sold under a deal restricting trading for a year.
The 3% is immaterial. SAGI makes its money by buying the shares for a few cents and selling them for dollars. Your shares will also be restricted.
The source of SAGI's shares is unclear. Both Material Technologies and Birchington say they have no idea, although the California company is aware of the share pushers. And they are confused by the 300% gain claim. No one can promise this.
In reality, SAGI is part of a group of high pressure "boiler room" sellers including Douglas St James (Suisse), Parker Lane and Black and White Investments. The FSA has issued warnings on these firms and believed they had disappeared.
Now they're back. Put your phone down on further calls
When the Company was organized on March 11, 2003, Articles of Incorporation were filed in which 95,000,000 shares of common stock and 5,000,000 shares of preferred stock were authorized. On September 10, 2003, 25,536,388 million shares of common stock were issued to the founders of the Company and original investors in the Corporation, 7,000,000 shares were issued for the purchase of Wisdom Global Mining assets, 2,200,000 shares were issued for the purchase of La Mejor Livestock Company and La Mejor Trucking Company, and 2,500,000 shares were issued for the purchase of 80% of International Reinsurance Company. Since the original issue of Common Stock the Company has issued the following shares of common stock, which represent 5% or more of the same class of outstanding shares:
RESUMES OF THE BOARD OF DIRECTORS AND SIGNIFICANT OFFICERS – WISDOM INTERNATIONAL CORPORATION MICHAEL P. MESERVY (58), WIC’s Co-Founder, Chief Executive Officer. Prior to his involvement with Wisdom (November 2002 to present), Mr. Meservy owned and managed Arkentsone Enterprises from 1994 through 2002, Arkenstone, a consulting company, specialized in assisting start-up companies with financing efforts. He has successfully raised millions of dollars for small, emerging growth companies among which include Interjet.net, Pacific Nakon International and Diatec International. From 1980 to 1984 Mr. Meservy launched a successful career as a stockbroker, becoming Merrill Lynch’s top producing account executive in the Intermountain area. Since leaving the brokerage business, he has focused on his own companies, one of which was successfully merged with a NASDAQ company. After graduating from the Utah State University in 1970 where he played football Mr. Meservy joined the United States Army where he served as a commissioned officer.
HENRY G. (TODD) NORVELL (56) is the Founder of International Reinsurance Company, Ltd. Mr. Novell realized in the mid-eighties that the insurance companies that were making the most profits in the insurance industry were those who were selling reinsurance policies. Companies such as Warren Buffet’s, Berkshire Hathaway have centered their entire operation around their insurance and reinsurance business even though they own numerous name brand companies. Mr. Norvell has been in the insurance business since 1972 and has successfully run his own insurance agency since 1986. In 1986 Norvell founded Norvell & Associates, an Insurance Brokerage Company. He ran Norvell & Associated until 2000 when he founded International Reinsurance Company, Ltd.
Mr. Holloway, under the direct supervision of Mr. Newton and the Board of Directors of the Company, has directed IRC towards reinsurance of companies such as Warren Buffet's Berkshire Hathaway, have centered their entire operation around their insurance and reinsurance business, even though they own numerous name brand companies. There are no conflicts of interest between the above named firms.
When we first created Tamarack Development Company we partnered with an existing development group out of North Carolina and immediately began working on three exciting projects. Our focus was to build three exciting new retirementorientated residential community’s and golf courses built on approximately 700 to 900 acres of land and located in some of the most exciting resort areas in the United States. The three uniquely designed projects planned for development were located in three of the most prestigious golf areas along the eastern seaboard. They included: Pinehurst and Beaufort, North Carolina and North Myrtle Beach, South Carolina.
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