posted
Automotive Specialty Concepts Changes Vision to Gold Exploration Wednesday January 25, 3:44 pm ET
VANCOUVER, WA--(MARKET WIRE)--Jan 25, 2006 -- Automotive Specialty Concepts Inc. (Other OTC:AMVS.PK - News) announces new beginnings for the company. Through discussions with the principle shareholders, current management has decided to shift its focus to develop shareholder value in the most efficient way. ADVERTISEMENT [Blocked Ads]
Part of AMVS's continued growth strategy is aggressively seeking new opportunities to bring into AMVS to produce value for the shareholder base. As part of the strategy defined herein, there will be a name and symbol change as soon as possible.
Due to recent economic and geo-political events, the market is fully aware of the impacts of the weakening dollar and the growing concern for gold prices. Prices have as of recently been hitting approx. 25-year highs above $560 an ounce. In recent reports, analysts have predicted that gold prices may reach almost $600-800 an ounce by the end of 2006 on gold mine supply worries and firming jewelry demand. This is making previously non-economical mining deposits valuable again as prices have doubled since many areas have been placed out of commission.
Currently discussions with industry professionals have proved to be very beneficial and the company is preparing for shifts in the management team to better cater to the new vision of AMVS. Several potential high-value properties have already been located and have been under review by the panel of professionals to determine if the area is gold rich and worth further mining efforts and exploitation activity. Although this change is an about-face from the company's previous business model, AMVS believes that the opportunities located in such a venture will be directly connected to the shareholders value and are fully confident in building a strong foundation in 2006.
Please contact the IR for any further inquiries regarding the change of vision.
Contact: Clayton Smith 1-503-618-0370 1-888-601-9983 info*novakcapital.com
posted
Opened strong .005x.006, high of .007, pushing against resistance at .006 here. On watch for more detailed info next few days imo.
Looks like new management coming in, very good thing.
"Currently discussions with industry professionals have proved to be very beneficial and the company is preparing for shifts in the management team to better cater to the new vision of AMVS"
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
posted
AMVS going in the right direction... Prices have as of recently been hitting approx. 25-year highs above $560 an ounce. In recent reports, analysts have predicted that gold prices may reach almost $600-800 an ounce by the end of 2006 on gold mine supply worries and firming jewelry demand. This is making previously non-economical mining deposits valuable again as prices have doubled since many areas have been placed out of commission.
Currently discussions with industry professionals have proved to be very beneficial and the company is preparing for shifts in the management team to better cater to the new vision of AMVS. Several potential high-value properties have already been located and have been under review by the panel of professionals to determine if the area is gold rich and worth further mining efforts and exploitation activity. Although this change is an about-face from the company's previous business model, AMVS believes that the opportunities located in such a venture will be directly connected to the shareholders value and are fully confident in building a strong foundation in 2006
IP: Logged |
posted
AMVS looking for .01 break here soon as the lows get higher in this uptrend . Bollinger bands opening nicely, RSI up, Ultimate Osc up as well as Money Flow
IP: Logged |
posted
up again today. I like the slow and steady crawl. it wins the race. Like to see what tomorrow brings. looks like the candles are nice.
IP: Logged |
posted
analyzer, thanks for the charts. i think we will see resistance around the .012-.0145 range. there will be profit takers around there and also passing that old high will be a task.
IP: Logged |
posted
AMVS...RADAR THIS STOCK..COULD BE THE HOTTEST MINING PLAY OF THE YEAR..SUBBY TO PENNIES..COMPANY DISOLVING BACKING IN MINING PROPERTIES..NEW CEO..MGMT...PROPERTIES..ASSETS... O/S 600 mil Float 250 mil (tradeable is around 100mil)
Full management change as they are bringing in experienced mining professionals (20-30+ years)
Some of the properties are located in Mexico, SW USA, Alaska and the Yukon.
posted
AMVS, set for name change and asset news.. broke out 16% today, and next offer is .0095.. likely to break into the AM UP 25% MON 10% TUES 16% WED
IP: Logged |
posted
Chart clearly shows .011 .0145 as resistance. .011 not that big as you can see the volume then was not that large. IMO this could be a real big mover like i said since .0045 area.
posted
From the PR, looks to be as soon as possible. I'd guess however long it takes to submit the paperwork and get approval from both the state and the sec.
Huge attention in the market and just on the announcement. Expecting news any day now on assets, management, etc. Just management change alone is huge.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
posted
Great call on this one everyone. I agree, huge attention everywhere, already made me some nice cash, looking for it to go higher tomorrow. Still not a bad position to buy in at, IMO
IP: Logged |
posted
AMVS!!!! NEW ANIMAL IN TOWN..WAITING FOR NEWS ON MGMT CHANGE...ASSETS...PROPERTIES...COULD BE HOTTEST NEW GOLD MINING PLAY THIS YEAR??? GLTY
IP: Logged |
posted
AMVS -- Automotive Specialty Concepts, Inc. Com ($0.002)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES: Automotive Specialty Concepts Announces the Name Change to Drake Gold Resources Corp.
VANCOUVER, BC, Feb 02, 2006 (MARKET WIRE via COMTEX) -- Automotive Specialty Concepts, Inc. (OTC: AMVS) is pleased to announce that, due to the change in the companies focus to the exploration and production of precious metals, the company will change the name and symbol of the stock to become better known and presentable as a staple in the mining industry. Therefore, a consent resolution has been sent out to a significant portion of our shareholders to approve a name change to "Drake Gold Resources Corp."
The vote has been tallied and approved and the State of Nevada is in the process of filing and completion. We are awaiting a new CUSIP number and symbol from the SEC and NASD, which will be done in the next 7-10 days from what the lawyers have informed the company.
Shown here, the company outlined in a previous press release is the details of the vision the company is now focused on:
"Currently discussions with industry professionals have proved to be very beneficial and the company is preparing for shifts in the management team to better cater to the new vision of AMVS. Several potential high-value properties have already been located and have been under review by the panel of professionals to determine if the area is gold rich and worth further mining efforts and exploitation activity. Although this change is an about-face from the company's previous business model, AMVS believes that the opportunities located in such a venture will be directly connected to the shareholders value and are fully confident in building a strong foundation in 2006."
The new management team is being formed and further announcements are being prepared to update shareholders. AMVS is prepared to issue several Letter of Intents (L.O.I.) to acquire or joint venture the company with assets in the gold industry.
Please contact the IR for any further inquiries regarding the change of vision.
This press release contains forward-looking statements involving risks and uncertainties including statements regarding the Company's future performance. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual future results may differ materially from those anticipated, depending on a variety of factors which include, but are not limited to, our ability to leverage our technology, manage our growth, protect our intellectual property rights, attract new customers and general economic conditions affecting consumer spending, including uncertainties relating to global political conditions, such as terrorism and the conflict with Iraq. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company does not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.
Clayton Smith 1-503-618-0370 1-888-601-9983 info*novakcapital.com
posted
Looking good today. .0089x.01 1x3 after a slight dip earlier today. Expecting a strong close for a friday, looks to be setting up nicely for next week.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Smile]](smile.gif)
