Corporate Finance and shareholder equity As publicly disclosed, the 8000inc Investment Team has negotiated financing utilising the current issued and outstanding common stock of 8000inc. For clarity and for shareholder value, the company would like to confirm the following. The current float has increased by 5M restricted shares only and the issued and outstanding shares are and will stay at 143,824,000. This is the figure that shareholder value, company value and equity is, has and will be based upon. Through the financial vehicle negotiated by 8000inc, the company has been able to raise capital for cash acquisitions and activities, some of which are discussed above, and all activities are paid without incurring or creating debt. The current listed and factual float for 800inc is 107,391,750 common shares. The increase in shares is a direct result of the capital raised for aggressive acquisitions as listed. The stock utilised to raise the capital, is not available or leaked into the market and is held purely as collateral. Thus the actual float, available to trade by investors, the public, market makers, brokers dealers alike, still remains at 77,391,750 common shares. It is the company’s intention not to increase this number of shares and the current plan of acquisitions will not in any way increase the number of share available on the market. Although the float has increased and will increase through acquisitions, the actual number of shares available to trade on the market will remain and continue to remain at 77,391,750 due to the unique financing mechanism negotiated by the Investment team. It is important to note that there are no more shares being issued. Although the public float value is shown to increase, the number of shares available on the market to be bought and sold has remained and will remain constant as published at 77,391,750. The shareholder value and equity has only been affected by the issuance of 5M restricted shares for the acquisition of Sky Villas Realty. Thus there is no dilution but there is significant increase in asset, revenue and thus company and shareholder value.
In light of the recent enquiries and current activities, the board felt that it is important and valuable to inform and update the company’s Shareholders to ensure that their interests and understanding of the company is maintained and protected. Acquisitions and Activities As has been publicly announced, 8000inc is currently engaged in several acquisitions and developments. The latest activities are listed briefly below. The Board of 8000inc believes that the direction and focus of acquisition bringing all facets and functions of our business in-house is the best for the company and in the best interest of the investors.
Time Velocity Group Time Velocity Group is a privately owned group of companies that engages in web and technology development, Design and Fashion. The group has secured a national contract to provide corporate services to 300,000 companies. The group has been involved in the development of the 8000inc portfolio of companies through web site and technology development and more recently the Brand8000 project. Through the unquestionable success, 8000inc has acquired the group of companies in a cash transaction.
Manufacturing Due to the unparalleled success of the Brand8000 launch, the Board decided to engage in acquisitions and investments to bring all the operations of Brand8000, including manufacturing and production inhouse. This will involve the introduction of a Barbados Cotton Mill into the group and will immediately reduce costs by 35%. In this manner, quality, production, control and profit all increase substantially with immediate effect.
International Cricket Academy Through the success of the partnership with the Amateur Athletics Association of Barbados, 8000inc has begun formulating its partnership to develop the Desmond Haynes International Cricket Academy. This will include not only coaching and equipment, but will include a new line for Brand8000 and global marketing initiatives.
Statement from the CEO The board felt that due to the rapid advances and success already shown by the team, it was important to clarify, and indeed, support the shareholders. The financing model we have devised has proven beyond doubt what can be achieved without the usual company and shareholder dilution. The existing day one issued and outstanding figures have only increased by 5M restricted shares. Yet the company has engaged in acquisitions from Realty through International Athletics. Has launched its own successful, sold out, clothes ranges and we have caught the attention of Internationally renowned figures. With the cash and asset value we now have, the plans we have in place for the 8000club, the International Academy and the Technologies business, there is no financing, no debt and a the cash available to expand at an ever increasing pace. I am proud of what we have achieved, proud of the team and more importantly proud of the value we have created for the corporation and shareholders alike, particularly when this is only the start of the journey. Thomas Kelly CEO 8000inc
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