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Wireless Age to Change Name to Sunbay Energy America.
TORONTO, ONTARIO--(Marketwire - Aug. 19, 2009) - Wireless Age Communications, Inc. (PINK SHEETS:WLSA), ("Wireless Age" or "the Company") announced today that it intends to change its name to Sunbay Energy America Inc.
As announced on August 11, 2009, the Company has entered into an agreement to acquire a 60% interest in a development stage plasma gasification project proposed to be built in Port Hope, Ontario, Canada and the exclusive rights to participate in plasma gasification projects in the United States of America. The Company believes that the new name has valuable brand recognition and is better reflective of the proposed new business direction.
The acquisition and the name change are subject to various conditions precedent, including regulatory and board of directors' approval. The Company anticipates that the process to formalize the name change will take up to 60 days.
For more information, please contact
Wireless Age Communications, Inc. John G. Simmonds Chairman & CEO 905-833-2753 ext. 223
Posts: 41 | From: TimelessWealth.net | Registered: Oct 2008
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WLSA: Name change to Sunbay Energy America in the month of September. Several projects worth hundreds of millions of dollars to be announced shortly afterwards. Multi-billion dollar partners warmly adopt Wireless Age Communications, Inc. into the renewable energy sector. More...http://timelesswealth.net/alert_08272009.html
Wireless Age to Change Name to Sunbay Energy America TORONTO, ONTARIO--(Marketwire - Aug. 19, 2009) - Wireless Age Communications, Inc. (PINK SHEETS:WLSA), ("Wireless Age" or "the Company") announced today that it intends to change its name to Sunbay Energy America Inc.
As announced on August 11, 2009, the Company has entered into an agreement to acquire a 60% interest in a development stage plasma gasification project proposed to be built in Port Hope, Ontario, Canada and the exclusive rights to participate in plasma gasification projects in the United States of America. The Company believes that the new name has valuable brand recognition and is better reflective of the proposed new business direction.
The acquisition and the name change are subject to various conditions precedent, including regulatory and board of directors' approval. The Company anticipates that the process to formalize the name change will take up to 60 days.
On the evening of the 1st of September, I spoke with John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WLSA). Simmonds and business partner Jordan Oxley, President Sunbay Energy Corp., were pleased that their conferences in Connecticut had concluded in such a favorable manner. Their multi-billion dollar enterprise partners were competing against one another as to whom majority stake in the project would belong. In conclusion, subsequent to formal documentation, operations could potentially commence in the next ninety (90) days. In the given event, Simmonds made it clear that Wireless Age Communications, Inc. would be positioned for a fourth quarter (Q4) 2009 profit in the seven figures.
The Governor of Connecticut stated that if a technological solution to the treatment of ash created during incineration is not determined, these multi-billion dollar enterprises’ business would be forced to shut down due to controversy and repercussions surrounding incineration. Wireless Age Communications, Inc, would profit through the resale of plasma torch technology as well as established operations in Connecticut with the recycling of ash through plasma gasification technology. As emphasized in our previous newsletter , it is in the best interest of these government organizations that their business in the state of Connecticut survives. They are therefore fast-tracking any technological solutions to keep their business alive. Realizing the advantage to plasma gasification, they have chosen to conduct business with Wireless Age Communications, Inc.
Simmonds stressed the importance of the upcoming name and symbol (ticker) change in the month of September. Wireless Age Communications, Inc. announced their title would be changed to Sunbay Energy America . Besides the legal fixture, Sunbay Energy America represents Wireless Age Communications’ transition from a development stage company to a renewable energy enterprise offering North America the unmet demand of plasma gasification technology through massive contracts and proposed projects. A new identity for a business with high expectations would best describe the name change.
Investor relations, marketing campaigns, and transparency will follow Sunbay Energy America ’s announcement of their three hundred million ($300,000,000) dollar project in Connecticut . Directors of the company would be marketing Sunbay Energy America (currently Wireless Age Communications, Inc.) to accredited and institutional investors as well as major brokers throughout North America . The company’s addition of Jordan Oxley and Albert Pope as Directors of the company would ascertain credibility.
Albert A. Pope, Director of Corporate Development XTnrgy, is a veteran senior executive with extensive experience in international finance, investment, business management, strategic business development and private equity investment. He has held senior executive positions at Deltec Securities, J.P.Morgan Corporate Finance - Merger & Acquisition Group, and as President of Montenay Energy. He has also served as a consultant on energy matters to both US and foreign government entities. For the past seventeen years, he has been active as a private equity investor in the USA , as well as Europe , Latin America , and Asia . Mr. Pope is a graduate of Harvard University . Source.
Nearing the end of our conference, Simmonds and Oxley both assured me that credibility to these projects and contracts would be realized through professional journals, articles, and newspaper coverage, let alone press releases. Their time would be greatly dedicated towards further meetings in Connecticut and the structuring of this multi-million dollar project. Through these efforts, John Simmonds continues to believe the value mandatory for listing on a higher exchange will be met.
As higher lows institute on increasing volume, the price may attempt breaking past resistance at $0.12, $0.15, accordingly. Bullish accumulation taking place between the CMF, Accum/Dist, and On Bal Vol. My thoughts and analysis follow.
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Sunbay Energy America & the $300,000,000+ project in Connecticut.
February 17th, 2009: President Obama signed the American Recovery and Reinvestment Act into law; a $100,000,000,000 incentive concerning "green" investment.
August 11th, 2009: Wireless Age Communications, Inc. acquired majority interest in Sunbay Energy Corp. and exclusive rights to participation in renewable energy projects in Canada and the United States of America.
August 19th, 2009: Wireless Age Communications, Inc. announced intent to change its name to Sunbay Energy America Inc.
Four key things to help you understand the Waste Management movement in Connecticut.
*Resource Recovery Facilities (RRFs) are incineration plants producing electricity by burning waste ("waste-to-energy"). *RRFs treat 57% of municipal solid waste (MSW) generated in the state of Connecticut. *Contracts that supply MSW to Connecticut’s RRF facilities will expire over the next two to fourteen years. *2,168,850 tons of MSW will need alternative treatment.
Plasma gasification is an inexpensive, efficient and renewable energy solution involving thermal treatment of waste.
Wireless Age Communications, Inc. will benefit from:
(1)Plasma gasification operations across the state of Connecticut comprising of feedstock and long-term power purchase agreements already in place (with government organizations); (2)The resale of plasma torch technology (attained at a discount from exclusive partner, Europlasma).
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. has spent decades collecting hundreds of millions of dollars after restructuring and developing start-up companies.
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds continues to gather key individuals in structuring a successful renewable energy company:
Jordan Oxley, President Sunbay Energy Corp., is an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, his occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. Read More: http://timelesswealth.net/sunbay_team.html
Stein Lal, Director Sunbay Energy Corp., joined the public service of Ontario in 1988 as the Deputy Minister in the Ministry of the Solicitor General and since then has held that position in five other ministries retiring from the public service 2001 as the Deputy Minister of the Ministry of the Environment. Stein Lal has served in the capacity of Deputy Minister under all three governments...read more: http://timelesswealth.net/wlsa_team.html
David Tsubouchi, Board of Advisors Sunbay Energy Corp., is an associate counsel in the Business Law Group of Miller Thomson LLP in Markham. Mr. Tsubouchi brings a wealth of experience from the public sector as an elected official municipally and provincially. His background as Chair of an investment bank brings additional experience in financing and securities...read more: http://timelesswealth.net/sunbay_team2.htmlPosts: 41 | From: TimelessWealth.net | Registered: Oct 2008
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Seasoned Executives handling a multi-million dollar outlook.
John G. Simmonds, Chairman and CEO Wireless Age Communications, Inc. (WSLA), has spent the past few decades generating hundreds of millions of dollars after restructuring and developing start-up companies.
A few highlights derived from his biography, follow in cronological order:
In 1981 Simmonds purchased Dynacharge out of bankruptcy for $100,000 and sold it four years later for $10 million, to Duracell.
In 1989, Mr. Simmonds purchased the first of many golf courses, Cherry Downs, a private 18-hole golf course located just north of Toronto, Canada. Cherry Downs was later sold into a public company, which became Clublink Corporation (TO: LNK) and today is the largest golf course operation in Canada, with enterprise value over $1B.
In 1991, as a director of company, Simmonds aided in taking Glenayre Electronics public on the Nasdaq for $80,000,000. The company peaked at $3,000,000,000 in the early nineties.
In 1996, Simmonds sold Intek Diversified (IDCC) for $500,000,000 to Securicor of Engand.
Simmonds’ most favorable trait has been his consistency in structuring effective management teams. In light of what he is certain becomes a successful renewable energy venture, Simmonds has adjoined Jordan Oxley, President Sunbay Energy Corp., an intellectual, with a background in finance, economics, and philosophy. For a lengthy period of time, Oxley’s occupation was in the banking sector as a venture capitalist, collaborating with seasoned executives. He began his career working closely with the Governor of the Bank of Canada. He holds degrees in Philosophy, Economics, and International Relations, studying at Queen's University, the University of Edinburgh, and the London School of Economics. More on Jordan Oxley: http://timelesswealth.net/sunbay_team.html
Joining Simmonds and Oxley are veteran politicians:
David Tsubouchi, Board of Advisors Sunbay Energy Corp., a former Cabinet Minister in several provincial jurisdictions. More on Tsubouchi: http://timelesswealth.net/sunbay_team2.html
Wireless Age Communications, Inc., announced today that it has entered into a letter of intent with PowerPlay Energy Corp. ("PowerPlay") and Sunbay Energy Corp. ("Sunbay") to acquire the exclusive rights to develop Sunbay plasma gasification opportunities in the United States of America (the "USA Rights") and to acquire 60% of the issued and outstanding shares of Sunbay Port Hope Inc. ("Sunbay Port Hope").
...The Company has agreed to acquire the USA Rights and control of Sunbay Port Hope in exchange for seven million five hundred thousand (7,500,000) common shares of Newlook Industries Corp ("Newlook") and approximately $270,000 US in cash and forgiveness of debt. The Company will also enter into a management services agreement with PowerPlay to utilize the expertise of Mr. Jordan Oxley and his team. Mr. Oxley has over 7 years experience in clean energy development and he will become an integral part of the Wireless Age management team moving forward.
...Sunbay Port Hope was organized to pursue a Sunbay biomass plasma gasification project in Port Hope, Ontario, Canada. Sunbay has entered into an exclusive developer agreement with Europlasma SA for Canada.
..."We also expect that Wireless Age and Newlook will complete our previously announced restructuring of debt as well as a name change for Wireless Age. The Port Hope project alone should provide Wireless Age with over $2M in net income once it is operational."
With the Port Hope project alone, Wireless Age generates over $2M in net income. This figure may be used to derive EPS: $2,000,000 in net income/27,600,000 issued and outstanding (assuming the restricted stock cancellation has closed)= $0.0724 EPS.
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