GLVP looks to be a good play in the comming weeks. Lots of upside here with new managment, share buyback, products are allready in stores, and Arnold Palmer is a spokesman for the company. DD links from investorshub.com
Press Release Source: Gluv Corp.
Gluv Corp. Enters Into a Licensing Agreement
Thursday July 15, 11:00 am ET
RINGGOLD, Ga., July 15 /PRNewswire-FirstCall/ -- Gluv Corp. (OTC Pink Sheets: GLVP - News), a leading leather goods manufacturer and distributor, is pleased to announce the completion of a transaction with Knight Johnson Technologies, Inc. in which Knight Johnson has been granted a license to certain of Gluv Corp.'s technology. As a part of the transaction, Gluv Corp. is reacquiring 36 million shares of its common stock from Knight Johnson. Additionally, Knight Johnson has agreed to assume certain corporate debt/obligations.
According to Lanier M. Davenport, Sr., who replaces Jonathan P. Hoover as the Chairman and President, "I am excited about the opportunity to lead this company in the coming years. Our management team has one simple goal: to build shareholder value. The result of this transaction is a substantial reduction in total shares outstanding from approximately 92 million to 56 million and a reduction in outstanding debt of more than $400,000. Within 30 days, we anticipate relocating our corporate offices to the Atlanta, Georgia metro area. The new management team views the ongoing relationship with Knight Johnson as a key element to our future success in marketing specialty sports products. They are expert manufacturers and our agreement with them allows us the opportunity to market these products without the traditional financial burden associated with manufacturing and warehousing these types of inventory."
About Gluv Corp. and its subsidiaries
Gluv® has been developing, marketing and distributing its patented, premium products throughout North America and Western Europe since 1998. All products feature the finest Bisconte® leather. Its current product line includes leather jackets, leather bags, and patented gloves for golf, baseball, softball, football, driving, aviation and mechanics. All products can be customized with almost any logo. For the latest stock quote on GLVP, simply click-on http://www.pinksheets.com/quote/quote.jsp?symbol=glvp .
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~Shares Outstanding ... 56 million.
Corporate information...
Gluv International, Inc. was formed in July 1998 to develop, market, and distribute the premier line of sports gloves. These proprietary gloves are based on several issued patents.
Our Mission
The Company's mission is to develop the premier line of sports gloves and/or to acquire related proprietary technologies and market those products on a global basis. It is committed to distributing the finest quality goods and to providing the best possible service to its customers. Through our precision sizing system, our unique design and patented seamless palm construction, International Gluv guarantees fit, feel, durability and performance in each glove we sell.
GLVP -- GLUV Corp. (FL)
Com (No Par)
Address:
250 Cassidy Lane
Ringgold
GA 30736-2772
USA
Phone: 706-965-4588
Company Website: http://www.igluv.net
~Recent Press Releases...
*Gluv Corp. Enters Into a Licensing Agreement
Thursday July 15, 11:00 am ET
http://biz.yahoo.com/prnews/040715/clth047_1.html
*Greater Hickory Classic Reorders Gluv Corp. Golf Gloves
Wednesday July 7, 6:30 am ET
http://biz.yahoo.com/prnews/040707/clw021_1.html
*Gluv Corp. Introduces New Product -- Fine Leather Shoe Bags
Wednesday June 30, 6:30 am ET
http://biz.yahoo.com/prnews/040630/clw016_1.html
*R.J. Reynolds Orders Gluv Corp.'s Golf Gloves
Wednesday June 23, 6:30 am ET
http://biz.yahoo.com/prnews/040623/clw015_1.html
*Global Explorations and Millennium SMS Selected as Partner for GLUV Corp.
Tuesday June 22, 6:31 am ET
Company to Distribute Press Releases and Facilitate Public Relations
http://biz.yahoo.com/pz/040622/59562.html
*Coca-Cola Reorders Gluv Corp.'s Golf Gloves
Monday June 21, 6:30 am ET
http://biz.yahoo.com/prnews/040621/clm021_1.html
~Chart...
http://stockcharts.com/def/servlet/SC.web?c=glvp
Arnold Palmer Testimony...
http://www.igluv.net/img/palmer.jpg
Some exposure...
http://lists.gnu.org/archive/html/info-gnus-english/2004-04/msg00005.html
http://www.thegreenbaron.com/Stock%20Profiles.htm#GLVP