Replies to post #78797 on 8000 Incorporated (EIGH)

[Kevin_W]

Awesome news for EIGH!

They really need a corporate proofreader. I wonder what they'd pay me per year...

[Crazy Money]

"restricted stock" ;-) another EIGH PR :-D lolzzz eom

[JohnWilliams]

Great news for EIGH! Still executing their business plan and increasing shareholder value!

[itsmikie]

Yep,,, Still Looking like the Business, I know to be Good... :*)

[Fire Lane]

the PR says blah blah blah DILUTION blah blah blah

[samsamsamiam]

From their recent quarterly report:
Southbridge Development Group ( www.southbridgedevelopmentgroup.com )
There are no developments to report currently but a formal announcement will be made During August
2010.
===============
8000inc Acquires as a wholly owned subsidiary Southbridge Development Group Inc (SDG) through a $1.5M cash investment

As part of its $75m investment strategy, 8000inc will provide an initial $1.5M working capital for the project through the acquisition. The SDG project currently holds contracts delivering $25M gross revenue
MANASSAS, VA, Dec. 16 /PRNewswire-FirstCall/ - SDG has formed a joint venture with the Massachusetts EB-5 organization for educational services, real estate development and manufacturing. They have a lease purchase agreement to develop a 150 acre site which will contain a 300,000 square foot hotel and 900,000 square foot industrial Park. With 12 years remaining on its current 20 year training contract with the Department of Defense, SDG will house an international vocational training center, to develop and run a vocational training and certification program for the US Veterans, beginning with wounded veterans at the Walter Reed Army Medical Center. In addition, the project will develop and create new services and businesses for the local community. For more detailed information on the project please go to the investment section of www.8000inc.net. Further detailed announcements will be made.
"This Unique proposition and project attracted us", said Thomas Kelly, "because not only did the business model and reasoning stand up, but this project delivers something special to a community and individuals who have provided service to their country. Simply it gives something back. I can see no better justification for investing in any project. The Investment team should be congratulated for identifying and closing this deal, and we as a team feel excited at being involved with such a worthwhile project".
Larry Mathews, President Southbridge Development Group Inc. stated "This financing is a significant event for Southbridge, as it brings in both capital and experienced investors who can help us achieve our ambitious growth plans. The realization of this investment now means we can progress without barriers to deliver what we feel is an exceptional project and investment opportunity. I and the team are looking forward to working with 8000inc, whose creativeness and vision has ensured the project can now deliver its plan."

===============

The exact name of the Domestic Profit Corporation: SOUTHBRIDGE DEVELOPMENT GROUP, INC.
Entity Type: Domestic Profit Corporation
Identification Number: 271443623
Date of Organization in Massachusetts: 12/14/2009
Current Fiscal Month / Day: 12 / 31
The location of its principal office:
No. and Street: 405 HAMPTON VIEW COURT
City or Town: ALPHARETTA State: GA Zip: 30004-3076 Country: USA
If the business entity is organized wholly to do business outside Massachusetts, the location of that office:
No. and Street:

City or Town: State: Zip: Country:
Name and address of the Registered Agent:
Name: PHILLIP S. DAVIS, ESQUIRE
No. and Street: 370 MAIN STREET
City or Town: WORCESTER State: MA Zip: 01608-1723 Country: USA
The officers and all of the directors of the corporation:

Title Individual Name
First, Middle, Last, Suffix Address (no PO Box)
Address, City or Town, State, Zip Code
PRESIDENT LARRY C. MATTHEWS 405 HAMPTON VIEW COURT
ALPHARETTA, GA 30004-3076 USA
TREASURER CHARLES C. STANLEY 1134 WEST WINGED FOOT CIRCLE
WINTER SPRINGS, FL 32708-4203 USA
SECRETARY JAMES C. STANLEY 1134 WEST WINGED FOOT CIRCLE
WINTER SPRINGS, FL 32708-4203 USA
VICE PRESIDENT CHARLES D. VOLLMER 1645 WHITE PINE
VIENA, VA 22182-1964 USA
DIRECTOR CHARLES C. STANLEY 1134 WEST WINGED FOOT CIRCLE
WINTER SPRINGS, FL 32708-4203 USA
DIRECTOR LARRY C. MATTHEWS 405 HAMPTON VIEW COURT
ALPHARETTA, GA 30004-3076 USA
DIRECTOR CHARLES D. VOLLMER 1645 WHITE PINE
VIENNA, VA 22182-1964 USA
======================

http://investorshub.advfn.com/boards/board.aspx?board_id=7146

http://www.viiinc.com/VII_Biographies.html

[janice shell]

As part of its investment strategy, 8000inc will provide through restricted stock the first traunch in the initial $1.5M working capital for this subsidiary project to begin its site development.

At the current stock price, that means they'll be issuing about 21.4 million shares of restricted stock. Of course restricted is usually sold at a considerable discount to market, so we're probably talking a good deal more stock.

SDG is in the final stages of signing a lease-purchase agreement for a four-star hotel/convention/training center and an industrial park that has a total of 1.2 million square feet of facilities.

...The SDG project not only has training and industrial facilities, it also has its own power plant and transportation facilities to service a wide variety of business initiatives. The power plant may prove to be a very useful facility, especially in a future constrained energy environment.

So. Does that stuff already exist, or must it be built? If Southbridge is merely purchasing it, how far will $1.5 million go?

Not very.

And, um, where is it? Oh never mind; that's a minor detail...