DALLAS, TX -- (MARKET WIRE) -- 01/14/08 -- Company Officials (PINKSHEETS: MNTY) announced today the company has signed and executed an additional lease for the expansion of Market 99. The new location, 2311 Lakeland Dr. Dallas, TX 75228, is located in the eastern region of Dallas and is estimated to commence operations the second week of March 2008. Jason Brola, CEO of Market 99, stated, "We are all very pleased with this addition to the growing family of Market 99 locations. We are really striving to have the Lakeland Plaza open by the middle of March."
Brola further stated, "One of my goals as CEO for Market 99, in 2008, is to enable the company to steadily grow and average a new store opening every 20-30 days."
Another addition to be finalized and executed later this afternoon is the new corporate offices for Market 99. The company has chosen to locate to office space in North Dallas which consists of 3,500 sq. ft. Centrally located, the offices will include a Meet & Greet area, specifically designed to welcome current investors as well as potential future investors.
ABOUT US
Market 99 is a discount retailer with 15,000-20,000 square foot stores selling mainly name brand merchandise to value-conscious consumers. Market 99 carries Consumables, Health and Beauty Aids, Stationery Items, House wares, Cold Foods, Frozen Foods, Women's Accessories, Women's Clothing, Men's Clothing, Children & Infant's Clothing, Seasonal, Arts & Crafts, and Toys, all for .99 cents or less.
Market 99 Reduces Outstanding Shares by 1.21 Billion
DALLAS, TX -- (MARKET WIRE) -- 12/18/07 -- Market 99 LTD. (PINKSHEETS: MNTY) today announced that in an effort to keep in line with company direction and avoiding a reverse stock split at the current time, Desmond Milligan has concluded that it is in the best interest of the company as well as shareholders to retire his personal (1.21 Billion) shares back to the company treasury.
Retiring the 1.21 Billion shares; the total number of outstanding shares of Market 99 is reduced to 1,216,636,000. Company officials believe this is yet another positive step in creating value and trust among current and future shareholders.
"Looking at our company's current situation with new leases signed and moving into a new year, our board of directors agreed this was the only solution that made perfect sense. Market 99 now has negotiation opportunity to raise capital while focusing on the opening of the new stores," stated Desmond Milligan, Market 99 CEO.
Looking for at least .0015 bounce short term
Posted by rustyj on :
Why the sudden sell off ??
Posted by rustyj on :
Got alot of buying going on,anyone know why the price has not moved?
Posted by Federated Records on :
it moved up today 0005 to 0007, pinksheet companies take time to update since there is no bid or ask for normal ticker companies to update their logs..
Posted by Gimme_my_change on :
I'd like to see some craziness from this one, I think it's getting it's feet wet with a little dip right now; but I'm thinking it's going for a jump.
Posted by Bottomfeeder on :
Is this the store that sells everything for .99? If it is CNBC just has a 20 min piece on their successes and it looke to be pretty good.Now how the stock does is a little different.The pr stated that the company is letting employees share in the profits and that may include stocks.
Posted by Federated Records on :
quote:Originally posted by Bottomfeeder: Is this the store that sells everything for .99? If it is CNBC just has a 20 min piece on their successes and it looke to be pretty good.Now how the stock does is a little different.The pr stated that the company is letting employees share in the profits and that may include stocks.
yep, everything is 99cent... profitsharing is a rare thing, even now, if that is true, then that is cool that they would do just that...
with the exposure on CNBC, hopefully the stock will climb with new investors coming onboard...
Posted by Jonus on :
Bill says if this one bust .0009 then its off to the races. We shall see. Where ya at KID you pumper you. lol
Posted by Jonus on :
sold too early still got a double though ill take it
Posted by J_U_ICE on :
SEC sues five men plus firms over securities
10:07 PM CDT on Thursday, September 25, 2008 By ERIC TORBENSON / The Dallas Morning News etorbenson*dallasnews.com
The Securities and Exchange Commission filed two civil lawsuits Thursday alleging that five men – four from North Texas – and their related companies violated securities laws.
In the first suit, the SEC alleges that Ryan M. Reynolds, Jason W. Brola and Desmond J. Milligan – all living in Texas – and Timothy T. Page of California conspired to sell millions of shares of penny stock companies. The stocks involved were for eCarfly Inc., now known as Market 99 Ltd. Also part of the suit are limited partnerships that the defendants controlled.
The suit says Mr. Brola asked Mr. Reynolds to create a company that sold used cars and to sell its shares. The group then touted the company to drive up its shares' value so they could sell them at a profit. The shares were not registered, which is required, and the group published false information about the company to investors, the suit alleges.
Mr. Reynolds is also part of an SEC action related to his involvement in an alleged penny stock fraud promotion and is connected to a third SEC complaint related to a penny stock called Connect-A-Jet.
The second lawsuit filed Thursday accuses Rey Salomon Jr. and Ellen H Development LLC of offering unregistered securities connected to an oil and gas drilling project in Denton County.
The suit alleges that Mr. Salomon's company raised $903,195 from 22 investors in the unregistered offering. Mr. Salomon allegedly used $220,000 of the money for personal purposes despite telling investors that their money would go only to fund the project, the suit said.
The SEC says that Mr. Salomon and his company have settled the suit, without admitting or denying the allegations.
He agreed to pay $985,004, with about $382,000 of that waived by the court.
Spencer Barasch, attorney for Mr. Reynolds and for Mr. Salomon, declined to comment on the suits. Attempts to reach the other defendants were unsuccessful Thursday.
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