SANTA MONICA, Calif., May 23, 2006 (PRIMEZONE via COMTEX News Network) --
RUDY 45 (Pink Sheets:RDYF) announces that it has entered into a new LOI effective April 30, 2006, to acquire EDI Marketing (EDIM), a wholly owned subsidiary of Early Detect Incorporated (EDI). EDIM will receive an assignment from EDI of all sales and marketing contracts with respect to EDI's integrated line of in-home self-testing healthcare diagnostic products. These contracts are estimated to result in revenues of $35-$40 million dollars.
About EDI Marketing
Headquartered in Costa Mesa, California, Early Detect Incorporated employs 26 people in 4 different locations in Southern California, Phoenix, and Dallas. EDI Marketing distributes their products to some of the most nationally known companies in the U.S. They distribute nationally to CVS Corp (NYSE:CVS) and regionally to Costco Wholesale Corporation (Nasdaq:COST). In addition, they also sell to major chains in Canada. EDI holds all patents on most of their products and either manufactures them directly or uses independent labs.
As an investment company that has elected to be treated as a 'Business Development Company' (BDC) under the Investment Company Act of 1940, Rudy 45 is looking to invest in companies that are cash flow positive or likely to become cash flow positive in the foreseeable future based on sound economic fundamentals. These entities will have the prospect for expansion as a result of access to capital and/or additional management acumen. As part of this strategic process, the Company is looking for investment opportunities in all consumer product categories and/or services that have the potential for a positive return on investment, both in terms of current income and capital appreciation.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
SANTA MONICA, Calif., May 16, 2006 (PRIMEZONE) -- The Board of Directors and the management of Rudy 45, Inc. (Pink Sheets:RDYF) have created and implemented a revised business model. Management and Board of Directors have been reviewing all aspects of the business. The underlying objective of this evaluation was to ensure that Company pursues a business approach that has the potential of producing fundamental value for its shareholders.
The Directors and Management have determined that as a Business Development Company, future investments will be focused on companies that have entry level positive cash flow financial statements. Additionally, the investments must have the potential for growth based on existing core factors, additional capital infusion if required and, whenever necessary, the introduction of an experienced management team that has a reasonable expectation of expanding the existing foundation.
The Directors and Management will be reviewing acquisition opportunities to include all consumer products categories to provide for a diversification in an expanded portfolio, the Board and Management feel strongly that this new direction will both reduce the risk for the Company and its shareholders as well as provide the best opportunity for long-term shareholder value.
Consistent with this new strategy, the Company has identified and initiated discussions with several potential acquisition candidates. In addition, investors may have the opportunity to acquire shares in the companies that the BDC acquires. If the acquisition companies are "spun out" becoming separate public companies themselves, then the RDYF shareholders will receive those shares as well, usually in the form of distributions or dividends.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," forecasts," potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.
CONTACT: Nassau International Consultants, Inc. nicirkm********** (516) 238-4936
Posted by Jason0321 on :
boy they did this right. I wonder how far I will have to chase this one to get in. JUICE, do you own any of this already? The chart is a train reck.
Posted by J_U_ICE on :
No I don't have any. This is gonna be hard to get into and all over the place. Can't wait to see the spread in the AM
Posted by Jason0321 on :
Im lookin at .24 on the ask right now. I think we'll see a gap above that tomorrow.
Posted by J_U_ICE on :
Without a doubt. Should be something to watch
Posted by kkt6zv on :
What would the PPS be worth With Revenues to be Approximately $35-40 Million ???
Posted by Stockman13 on :
Hey JUICE are you going to wait on the sidelines the first 20-30 mins when the market opens so everything cools down, then buy or buy at the open?
Posted by Johnwayne on :
You would have to get in small here I would think with this few shares Iwould normally buy 10,000 shares, up to .20. Iknow I'd have trouble buying that much but will I have trouble selling it too?
Posted by Jason0321 on :
I think we are going to open closer to 3. that's just my opinion, but if the o/s is as low as they say, this stock is going to be in high demand tomorrow.
Posted by J_U_ICE on :
quote:Originally posted by Stockman13: Hey JUICE are you going to wait on the sidelines the first 20-30 mins when the market opens so everything cools down, then buy or buy at the open?
With such a low amount of shares it'll be hard to get into all I don't think you can afford to wait
Posted by renrob05 on :
Sorry guys...yesterday there was around 50k in volume...and the O/S is 60k.
Hmmmmmmm....something wrong here...you think
Posted by Jason0321 on :
yeah i dont know about that either. on the last 8-K they said they converted 50K in prefered stock to common stock for the outgoing CEO. JUICE, not that I dont believe you, but were did you get those numbers?
Posted by J_U_ICE on :
Rudy 45 (OTO : RDYF)
QUOTE: Rudy 45 (OTO : RDYF)
*Market Closed Last Trade Time : May 23, 2006 16:00:00 EST Refresh Last Sale 0.1690 Open 0.1700
Change -0.031 Prev. Close 0.2000
% Change -15.50% Tick Type UP
Volume 39,200 Shares (last trade) 100
Day High 0.2000 52 Week High 3.5000
Day Low 0.1600 52 Week Low 0.1500
Bid N/A Ask N/A
Bid Size N/A Ask Size N/A
# Trades N/A Industry Oil & Gas Operations
Fundamental Data P/E N/A Market Cap (m) 0.01
Earnings/Share N/A Shares Out. (m) 0.06
Dividend per share N/A Exchange OTO
Current Div. Yield N/A Ex Dividend Date N/A
Posted by renrob05 on :
Juice has the right numbers...it's what the company put out.
Posted by J_U_ICE on :
RDYF -- Rudy 45 Com ($0.001)
Search for Dun & Bradstreet reports on this company.
Address: 2633 Lincoln Blvd. Suite 117 Santa Monica, CA 90405 USA
Phone: (310) 452-3206
Business Description: Not Available
State of Incorporation: NV
Officers: Ben Dulley, Pres. & CEO; Bruce Ramsay, CFO; Jake Neufeld, COO
Fiscal Year End: July 31
Edgar Filing Status: Current EDGAR Filer
CIK: 0001105413
Outstanding Shares: 59,974 as of 2006-03-13
Estimated Market Cap: 11,995 as of 2006-05-22 (based on Outstanding Shares as of 2006-03-13) Number of Shareholders of Record: 140 as of 2005-11-15
Current Capital Change: shs decreased by 1 for 1450 split Ex-Date: Record Date: Pay Date: 2005-09-26
Dividends:
Company Notes: Formerly=Granada Mineral Products, Inc. until 5-01. Company completed a reverse merger prior to the name change to become a public company Formerly=Malahat Energy Corp. until 12-04 Formerly=PHC Holdings until 9-05
Class Notes: Capital Change=shs increased by 10 for 1 split. Ex-date=4-16-01. Rec date=4-10-01. Pay date=4-16-01
Transfer Agent: Interwest Transfer Co., Inc., Salt Lake City, UT 84117
Posted by permanentjaun on :
I have a hard time believing the O/S is just 60K. Look at the volume the past several days. It has traded close to and over 50K several time with many days of probably around 30K in volume. I would imagine the stock would have moved more than it did. Matt
[ May 23, 2006, 23:50: Message edited by: permanentjaun ]
Posted by J_U_ICE on :
It's very hard to believe but that's what I keep finding.
Posted by Johnwayne on :
Spit boys I ain't even gonna try to get in this one. Not good enough to figure out where to buy in at, and woul just wind up buying at HOD. I may watch for pullback. Good luck all.
Posted by BuyTex on :
OT:
take a gander at MDSM...
Posted by kkt6zv on :
The whole point of having threads is to stay on topic.
P.S. If you have some great breaking news, it's okay.
Posted by Stockman13 on :
how the heck do they have only Outstanding Shares: 59,974 as of 2006-03-13? got this from pinksheets.com, but it dosent seem right.
[ May 24, 2006, 04:55: Message edited by: Stockman13 ]
Posted by PennyBulletin on :
quote:Originally posted by Stockman13: how the heck do they have only Outstanding Shares: 59,974 as of 2006-03-13? got this from pinksheets.com, but it dosent seem right.
If that is the case, and that PR stated $35-$40 million in contracts the PPS should fly.
Posted by gatorboy2424 on :
it could be such a low float because they havent diluted since their pps used to be 70 a share...which then would make perfect sense why there is such a low amount
Posted by Johnwayne on :
My guess is they had a huge R/S at some point, thus significantly reducing share amount. Good luck to all.
Posted by finalwish on :
I hesitated for a moment and couldn't get it at .22, got it at .25 though.
Posted by PennyBulletin on :
A break through .30 would send this to .50
Posted by PennyBulletin on :
quote:Originally posted by finalwish: I hesitated for a moment and couldn't get it at .22, got it at .25 though.
held .25 through pullback period so that wasn't a bad add.