posted
Wow, already one quarter of yesterday's volume in only a half hour and already up 25%. Should be a big mover today. Good find Furrysound.
IP: Logged |
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Pinnacle Developments Inc. Announces the Preparation of the SB2 Application for Filing with the SEC and the NASD
BELLINGHAM, Wash., Aug 18, 2005 (PRIMEZONE via COMTEX) -- The management of Pinnacle Developments Inc. (Pink Sheets:PNCV) is pleased to announce that the company is having its financial statements audited in preparation for an SB2 filing for registration for shares and disclosure of financial information with the SEC and the NASD in September 2005. The purpose of the filing is to have the company's shares trade on the OTC Bulletin Board, giving Pinnacle access to a broad investor base, including institutions. Pinnacle's management is excited about the current state of the global commodity markets and is considering a number of acquisitions that will be accretive to revenues and earnings in the short term and provide for significant growth in the future. The company is positioning itself to take advantage of the shrinking supply and increasing demand for wood fiber through the acquisition of existing operations throughout Canada, the U.S. and other developed wood manufacturing countries.
As of August 15, 2005 Pinnacle Developments Inc. had 29,574,123 common shares issued and outstanding; and 7,680,790 of these shares are free trading. Holladay Stock Transfer out of Dallas, TX is registered under the Exchange Act and is an SEC approved transfer agent for Pinnacle Developments Inc.
Certain statements contained herein are "forward looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE: Pinnacle Developments, Inc.
By Staff
CONTACT: Pinnacle Developments Inc. Investor Relations 1-888-634-8664
(C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services SUBJECT CODE: MANUFACTURING WOOD Company Announcement
IP: Logged |
posted
Big buys just came through, may make an afternoon run here. Volume has exceeded the yearly max, and news of OTCBB transition has came out today. Keep on your radar!
IP: Logged |
posted
this should be a gapper tomorrow just based on the sheer volume its had today and from the great news that came out about transition to OTCBB.
IP: Logged |
posted
What a day on this one... up huge yesterday and instead of collapsing, gaps at open, and holds gains from yesterday, closing at $0.20 on 712,699 shares traded... that's over $150,000 traded, over 2.5x yesterday's volume..
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
posted
Sorry I couldn't give you the l2 on it, was tied with some stuff most of today.. I've 'heard' dollar land and AMEX spoken in conjunction with this company from pretty reliable sources. I'm hoping with tomorrow being a friday we may get a dip, but I'm not holding my breath.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
Pinnacle Developments Inc. Announces Agreement for the Acquisition of a Wood Processing Facility, Inventory, Rolling Stock, and a Timber Tenure
BELLINGHAM, Wash., Aug 19, 2005 (PRIMEZONE via COMTEX) -- Pinnacle Developments Inc. (Pink Sheets:PNCV) announces an agreement for the acquisition of land, buildings, milling equipment, rolling stock, inventory and a 600,000 cubic meter timber tenure from a major financial institution by Cantech Fibre Corp., a wholly owned subsidiary. Management is pleased to report to shareholders that they have secured assets with an approximate replacement value of $4,983,000 for $558,000. Included in the agreement is a timber tenure of 60,000 m3 per year cut for 10 years; with approximate earnings of $10 to $20 per m3 Pinnacle expects to meet its earnings targets called for in the company's business plan.
The land and buildings are located in the town of Fort St. James in North-Western British Columbia, Canada. Pinnacle's agreement for purchase of these assets is the first step into the production aspect of wood remanufacturing for both hardwood and softwood fiber. Management anticipates it will take 90 days to put the milling equipment into production and shipment of cants and lumber to the market will commence 30 days after start-up.
By acquiring these assets Pinnacle will strategically position itself to take advantage of the burgeoning pine beetle epidemic, the mill in Fort St. James is located in the heart of 200,000,000 m3 of infected pine forests. The Ministry of Forests is actively working with the private sector to ensure that harvesting is done without delay to capture the value of the standing timber, to prevent large forest fires and other environmental problems.
With the acquisition of the processing and harvesting operations, Pinnacle will actively pursue additional timber tenures from the Ministry of Forests to meet growing demand for wood products from China, India, Japan and the U.S.
Certain statements contained herein are "forward looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.
SOURCE: Pinnacle Developments, Inc.
By Staff
CONTACT: Pinnacle Developments Inc. Investor Relations (888) 634-8664
(C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services SUBJECT CODE: ACQUISITION WOOD TIMBER Product Services Announcement Mergers and Acquisitions
IP: Logged |
posted
that news is huge.. 3-4 months they'll be making a solid profit from that one venture alone.. and they have many more they are bringing on board.. .20's are a gift.. anything under is plain crazy.. stock_espy, I agree.. .50-1.00 should be quick on this one with volume.. i think yesterday we ate through most if not all of the previous day buyers.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
posted
I think we'll see some volume once somebody nibbles at the ask. People are afraid to take a bite because of yesterday's gap and decline back to the previous day's close. But, with this news, it's only a matter of time till the buyers come on board.
Well, I spoke too soon, LOL. Now we have some volume.
IP: Logged |
posted
FurrySound- I think yesterdays volume ate through the previous day buyers also and I agree with you that the .20's as an enty point is a gift...GL
IP: Logged |
posted
Hard to believe that there was 220k volume on Wednesday, 715k volume yesterday, and only 10k volume so far today despite the acquisition news of this morning before open! Anyone who gets in at these prices will be very happy soon IMO.
IP: Logged |
posted
PNCV is actively pursuing the following acquisitions.
1. A hardwood mill currently producing lumber for the U.S. market place. This acquisition would provide gains through the vertical and manufacturing integration. The mill is ideally located along the Fraser river in Mission, British Columbia and is situated on 9 acres of property.
2. A housing prefabrication company selling products in Canada and the United States. This prefabrication housing company is Vancouver, British Columbia fabricates house structures in an automated manufacturing process that reduces the cost of construction by 20-30%.
3. A timber harvesting division of small businesses sales along the coast of British Columbia and the interior.
4. Timber harvesting tenures of 500,000 m3 (damaged by pine beetle infestation) in the central interior of British Columbia to be processed into soft wood cants utilizing the micro mill concept. Cantech intends on using micro-mills at the logging site for processing wood fiber thus creating an inventory on demand cycle.
Investment Policies Pinnacle will be actively investigating suitable opportunities to merge with or acquire existing operations to create a more fully integrated resource company. As a component of any acquisition, real estate may be purchased and used in the setup of milling operations where applicable. Land will be used to increase the productivity of milling sites.
posted
“China, the world's ninth largest importer of forest products is a primary focus of Pinnacle Products' export plans. China's forestry imports have doubled over the past decade with imports of round wood up 35%, softwood 60% and hardwood 400%.”
“The plan is to take advantage of the expanding global demand for value added softwood and hardwood products as well as softwood based construction materials. There is a growing demand for these products in Asia particularly India and China.”
Pinnacle Developments Inc. Announces its Intention to Expand Operations Into Specialty Wood Products Distribution
August 25, 2005 13:15:14 (ET)
BELLINGHAM, Wash., Aug 25, 2005 (PRIMEZONE via COMTEX) -- Pinnacle Developments Inc. (Pink Sheets:PNCV) announces its intention to expand operations to the distribution of specialty products used by major forest products companies in British Columbia and Alberta, Canada, in production and remanufacture of wood products.
The initial product will supply market demand in the regional and local market place for quality lath. A lath is a wooden strip used by wood products plants to stabilize finished products in the packaging and shipping phase of the operation. These wooden lath are placed by machine at intervals of 4 to 5 strips for every six tiers of lumber.
The product consists of imported lath manufactured from the tree species Falcata which provides a near clear lath product ideally suited for the machine placement of lath used by the forest industry. The market is currently dissatisfied with the available products and is limited in its choice of alternatives. The product Pinnacle has arranged to be distributed is of a vastly superior quality than any alternatives handled by competitors.
The initial market opportunity consists of 50% of the 13,000,000 lath consumed in British Columbia, Canada, representing potential gross sales of $650,000 per month with a 10-40% profit on sales.
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
