posted
three news releases in two days the following is good as gold for ican stock owners. Please read the following
Look at the volume. It has not been this high is months
ICAN -- IBAC Corp.
Com ($0.001) Primary Venue: Pink Sheets
Best Bid: 0.0001 (5000 shares) Best Ask: 0.0003 (5000 shares) *
Date/Time of Last Inside Change: 16:29 * Quoted on the Pink Sheets
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TRADE DATA
Last Sale: 0.0003 Change: +0.0001
Percent Change: +50.00 Tick: Down
Daily High: 0.0003 Daily Low: 0.0002
Opening Price: 0.0003 Volume: 494,590,938
Annual High: 0.1581 Annual Low: 0.0001
Dividend: 0.000 Earnings/Share: 0.00
Previous Close: 0.0002 P/E ratio: N/A
Yield: 0.00
Beta Coefficient: 1.02
Last Trade Date/Time: 15:56
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ICAN -- IBAC Corp.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
NEW YORK, Jul 13, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN.PK) today announced that 625,676,008 Million Common Shares have been retired effective at the opening of business tomorrow. IBAC also announced that the company has approved an additional buyback of up to $500,000.00 of its common stock on the open market over the next six months.
The company has budgeted the $500,000.00 over the next six months out of operating revenues and does not expect it will cause any adverse effect on operations. The projected revenues for July at The Company's Royal Arkansas Hotel are expected to be at a five year high along with better than expected revenues of the recently acquired Memphis Airport Ramada along with other company operations, the company feels that the budget is achievable.
"The company will continue to implement its aggressive growth plan while enduring start up and rapid growth pains, in just nine short months the company has gone from a dormant non operating company to over 100 employees in three states, we will continue to grow our assets & revenues and achieve all of our stated goals." Said Edward W Hayter President & CEO of IBAC Corporation
ICAN -- IBAC Corp.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
IBAC Corporation to Further Reduce Authorized Shares & Issued and Outstanding Simultaneously
NEW YORK, Jul 14, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN.PK) today announced that in addition to yesterdays announced 625,676,008 Million of Common Shares being retired effective today at the opening of business, and the approved additional buyback of up to $500,000.00 of its common stock on the open market over the next six months, it will now also reduce the authorized shares by 1 Billion immediately. (Pending filings with Delaware by counsel.)
The company intends to purchase as many shares as possible on the open market over the next six months with its budget of $500,000.00 and will simultaneously reduce its authorized shares equal to the purchased shares in equal amount blocks. This process is being taken to bring the share value inline with the company's true worth.
The company's Sanibel Restaurant Group Unit will undergo its first six month audit (IBAC has only owned it since January 4, 2005) next week followed by The Royal Arkansas Hotel (IBAC has owned it 1 year at the end of August), the newly acquired Memphis Airport Ramada and the second Sanibel Steakhouse in Bonita Springs (closing at the end of August) audits will be ordered and integrated when needed. This action is being taken to position the company for its anticipated move to the OTCBB.
I have personally invested over 3.5M cash in this company and am the largest shareholder and I am committed to the company's success
ICAN -- IBAC Corp.
Com ($0.001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
IBAC Corporation Reports June Revenues
NEW YORK, Jul 14, 2005 (BUSINESS WIRE) -- IBAC Corporation (ICAN.PK) today announced revenues for the month of June for The Sanibel Restaurant Group and The Royal Arkansas Hotel & Suites of $285,525.79 combined. These revenue figures are compiled from internal company accounting/bookkeeping and are subject to audit by the company's independent accountants/auditors.
For the month, The Sanibel Restaurant Group had slight decrease in sales over last month; the company attributes this to the seasonality of the location in Florida. The Royal Arkansas Hotel & Suites had a slight gain over last month.
The Royal Arkansas Hotels & Suites expect a significant increase in revenue for July as scheduled bookings & banquets are at a five year high for July. The company also expects additional increases in revenues from its Hotel operations in July from the newly acquired Memphis Airport Hotel.
The company expects (projects) July revenues from all operations to be from $450,000 to $500,000 for the month, a major increase over last month.
The company also expects a significant increase in revenues for the fourth quarter as it will be adding the next Sanibel location in August along with the recently acquired restaurant at the Memphis location and increased bookings at its Hotels.
About IBAC Corporation: IBAC Corporation is a New York-based holding company operating through its subsidiaries within the Hospitality, Food Service & Restaurant and other industries. IBAC now operates businesses and employs over 100 people in Florida, Tennessee & Arkansas that includes a 200 room full service hotel, 127 room limited hotel, 7 restaurants/lounge (2 pending closing already contracted) 10,000 sf of banquet space and the exclusive concession, food, beverage & catering contract with the Pine Bluff Convention Center. IBAC operates through its subsidiaries, The Sanibel Restaurant Group/The Royal Arkansas Hotel & Suites/National Hospitality Management Services/Monarch Entertainment Group Worldwide; IBAC intends to grow aggressively throughout the next three years, through acquisitions, mergers and the building of new establishments. Visit the company website at www.ibaccorp.com
Posts: 3 | Registered: Jul 2005
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-------------------- "...Luck isn't some mystical energy that ****** around the universe randomly bestowing people with satisfaction and joy. You create your own luck" Posts: 65 | Registered: Jul 2005
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posted
yes i own 32,640,000 and my friends own another 60,million were betting the farm on it it may take some time but they are agressive i talked to the owner and within 2 years they wanta be 200-300 million a year profit
Posts: 3 | Registered: Jul 2005
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posted
32 million in this stock.How high do you think this is going to go with the O/S over 10 billion.I would sell 31 million of this and buy many stocks.If you are betting the farm on this i know of a couple of soup kitchens you will need in a couple of months
Posts: 1326 | From: Providence,RI,USA | Registered: May 2004
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