posted
I did a search for this puppy on Allstocks and couldn't find anything - not sure why this hasn't caught the attention of you fine folks out there ----
-->52 week Low June 30th = .04 -->as of May 23, 2006, there were 89,223,634 outstanding shares
News today: (although this is not a "new contract signed" news listing by any means):
ActiveCore Completes $1.0 Million Financing Friday June 2, 7:00 am ET
TORONTO--(BUSINESS WIRE)--June 2, 2006--ActiveCore Technologies, Inc. (OTCBB:ATVEE - News), a Company that operates a group of subsidiaries and divisions in the U.S. and Canada that offer a Smart Enterprise Suite of products, today announced the completion of $1.0 million CAD of financing since the middle of its first quarter of 2006, comprised of both debt and equity. The Company will continue to work on raising additional financing over the next few months. ADVERTISEMENT
As announced in its press release dated May 12, 2006, the company is undergoing a series of restructuring initiatives. The funds raised from this financing will be used to carry out the restructuring plan
MANAGEMENT TEAM PARTICIPATES IN LATEST ROUND OF FINANCING
In addition to the participation of numerous unrelated third parties, the participants in this latest round of financing include Chairman and CEO, Peter Hamilton and Senior Vice President, George Theodore.
Chairman and CEO, Peter Hamilton stated, "The management team is fully committed to the long term health of the Company. To this end we have made a large monetary contribution to help in the restructuring efforts that have commenced." We expect to be in a position to announce more details of the restructuring in the very near future."
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore Alternatively, investors can e-mail AGORA Investor Relations directly at ATVE*Agoracom.com.
About ActiveCore Technologies, Inc. (www.ActiveCore.com)
ActiveCore Technologies, Inc., operates a group of subsidiaries and divisions in the U.S., and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass web portals, enterprise middleware, mobile data access, data management and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS and MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operate under the trade names C Comm Network Corporation, DisclosurePlus and ActiveCast. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
Statements contained in this news release regarding ActiveCore Technologies, Inc. formerly IVP Technology and planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond ActiveCore's control, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in ActiveCore's Registration Statement on Form SB-2 filed with the Securities and Exchange Commission on January 4, 2005. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.
posted
The reason you didn't find the search is because it was posted as AVTE. It just recently received the "E" because it was late filling financial form Q10.
I agree with you that its going up. I was able to get in at .044. For some reason they, people at allstocks, don't like this one. Im already up a little over 13%. This has the potential to reach .17 pps.
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quote:Originally posted by 10of13: Perhaps when the "E" is removed after Monday then they will bounce...
It already did bounce, check the chart. Now it's time for the slow 16 business day climb! If you look back at the 12 month chart, this one does a steady climb for 16 days to its peak and then settles. I think were at day one! IMO
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posted
New research report out on this puppy - with the E dropped and some extra attention ATVE might just make us a couple of dollars -- it's a bouncer.
Date: 3-Jun-06 Contributor: Wright Reports Title: A textual analysis of ActiveCore Technologies, Inc.'s financial statements, including company description and recent stock performance, versus Arkona, Inc., Siboney Corporation and Cover-All Technologies Inc
-------------------- Work Hard / Play Hard
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posted
ActiveCore Unveils Strategic Direction Monday June 12, 7:00 am ET Company Targets Acquisition of ePocket
TORONTO--(BUSINESS WIRE)--June 12, 2006--ActiveCore Technologies, Inc. (OTCBB: ATVE - News), a Company that operates a group of subsidiaries and divisions in the US and Canada, today announced that it has issued a letter of intent ("LOI") to acquire all of the issued and outstanding shares of Global Sterling Payments Systems Limited ("GSPS"), the parent company of ePocket Inc. ActiveCore currently holds a minority shareholding position in GSPS. ADVERTISEMENT
At the current time, ActiveCore has received signed LOIs from shareholders holding a majority of GSPS' Ordinary Shares. The LOI is subject to several conditions which must be met by GSPS prior to a definitive purchase and sale agreement being executed. However, these conditions may be waived in whole or in part at the sole discretion of ActiveCore. The Company indicated that it is seeking to close this transaction later this summer.
Peter Hamilton, Chief Executive Officer of ActiveCore, said, "Over the past weeks, we have been working on finalizing the details of our Company's new strategic direction. It gives me great pleasure to announce that we have signed a Letter of Intent to purchase ePocket. With this acquisition, ActiveCore is positioned to become a leading organization in the electronic payment industry, one of the hottest and fastest growing sectors in the marketplace. It is an exciting time for ActiveCore and its shareholders, and we will release more details, when permitted, in the very near future."
The Company also clarified the related party nature of this transaction. Although Peter Hamilton was the controlling shareholder of GSPS at the conclusion of its acquisition of ePocket approximately a year ago, his current shareholdings in GSPS have been diluted to under 5% of its total shares outstanding. The total shareholdings of GSPS currently owned by Mr. Hamilton along with other senior executives of ActiveCore is approximately 15%.
Neil Fishenden, Chief Executive Officer of GSPS, stated, "The management teams of both companies have spent considerable time analyzing the synergies between the two organizations, which are a critical component of this proposed transaction. ActiveLink, the integration engine developed and owned by ActiveCore, will become a key piece of technology in deploying the ePocket technology with future customers. This delivery function will be led by the Cratos implementation team, which has demonstrated world class proficiency in implementing complex electronic payment systems globally. Additionally, the ActiveCast broadcast technology will provide the backbone to an important value-added service which the new Company will provide.
"It has become clear to the GSPS Board of Directors that ePocket's ability to secure significant funding as well as to establish credibility in the marketplace with prospective customers is greatly enhanced as part of a public entity. The progress made with the underlying ePocket technology and business model over the past several months has been compelling enough to convince our Board and management team that this transaction was an opportunity we had to capitalize on."
ePocket Update
Commercialization of the ePocket technology has progressed extremely well over the past several months, to the point where ePocket now possess a readily deployable payment solution which it is currently marketing. ePocket has also continued to refine its go-to-market strategy, which has a clear focus on both the micropayment and youth markets. Its tactical plan begins with the facilitation of WiFi access payments as a foundation and market entry point. It is expected that from this entry point ePocket will continue to build a community that will be leveraged for advertising and digital products and services all oriented with the youth in mind.
ActiveCore Restructuring
As mentioned in previous releases, ActiveCore will continue to explore manners in which it can reduce costs in preparation for this transaction. Areas not expected to be impacted by this restructuring are those elements which have been identified as synergistic with ePocket, and which therefore need to be maintained.
This press release is available on the company's official online investor relations site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore.
About ActiveCore Technologies, Inc. (www.ActiveCore.com)
ActiveCore Technologies, Inc., operates a group of subsidiaries and divisions in the U.S., and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass web portals, enterprise middleware, mobile data access, data management and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS and MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operates under the trade names C Comm Network Corporation, DisclosurePlus and ActiveCast. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
About ePocket Inc. (http://www.ePocket.com)
ePocket brings true electronic cash to the world for the first time, making purchases over the Internet as secure and simple as handing cash to a clerk in a store. ePocket enables banks to provide their customers with the ability to withdraw electronic cash in any currency from their regular deposit accounts, and send this electronic cash to merchants or other consumers in order to make payments. Cash created electronically is just like cash, except there are no coins, bills, or plastic cards -- it is entirely electronic. Just like cash, electronic cash does not require the identification of a payer. This provides privacy for consumers, and eliminates fraud and identity theft, making ePocket the most cost-effective payment solution for Internet commerce. ePocket payments cost merchants less than any other payment technologies. Their extraordinary cost effectiveness enables merchants to profitably accept very small payments of just one or two dollars. In contrast to other payment schemes, consumers do not have to open additional accounts with a payment intermediary. Consumers do not have to give up any identity or credit information in order to accomplish a payment. This makes ePocket payments completely secure and provides complete privacy for consumers
-------------------- Work Hard / Play Hard
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ActiveCore Provides Shareholders With Update on ePocket Monday June 19, 7:00 am ET
TORONTO--(BUSINESS WIRE)--June 19, 2006--ActiveCore Technologies, Inc. (OTCBB:ATVE - News), a Company that operates a group of subsidiaries and divisions in the US and Canada, is pleased to provide shareholders with an update regarding the acquisition of Global Sterling Payments Systems Limited (''GSPS''), the parent company of ePocket, which outlines the latest developments and future prospects of the Company.
Tower Group
In 2005, Tower Group, PLC, an investment group based in the United Kingdom agreed to provide financing to GSPS to facilitate the development and commercialization of ePocket. Tower Group is in the process of finalizing the insurance wrapper for LLP3, LLP5 and LLP6 and once this insurance is in place funds from these LLP's will begin to flow to GSPS. The Tower Group has been apprised of ActiveCore's intention to acquire GSPS and has assured ActiveCore that they are supportive of this transaction.
Peter Hamilton, Chief Executive Officer of ActiveCore, stated, "We have had the opportunity to discuss our vision and strategic direction at length with Tower Group, and have received their approval to proceed with the acquisition of GSPS. Tower Group principals have stated in no uncertain terms that they remain committed to the ePocket initiative and believe that the combination of ActiveCore and GSPS will accelerate the commercialization of the ePocket digital coin technology."
Financing
In order to complete the proposed acquisition of all the issued and outstanding shares of GSPS and facilitate the capitalization required to successfully operate on a world-class level, ActiveCore has retained the services of several investment bankers and brokers to complete the raise of an additional 30-40 Million USD.
Link Resource Partners, a Toronto based Investment group, will be spearheading this effort on behalf of ActiveCore Link Resource Partners recently raised 1 Million as part of their short term commitment. Link Resource Partners will be working closely with a number of Toronto, London and New York based brokers to complete this financing.
It is the consortiums intention to raise the first 10 million USD as a private placement within the next sixty to ninety days. The balance of the funds would be raised in a public offering to be completed by January 2007. ActiveCore currently has a team on the ground in London including the companies CFO Mr. Efrem Ainsley.
Broaden Market Exposure
Upon the completion of the GSPS acquisition, ActiveCore intends to seek a dual listing on the AIIM exchange in London. The move on to the AIIM exchange would greatly broaden ActiveCore's market exposure and help attract a broader base of investors to the Company.
Mr. Hamilton stated, "The electronic payment space has evolved more quickly in Europe and is more readily accepted as an alternative legitimate form of payment. As such, an AIIM listing would help attract new shareholders to a technology they are much more comfortable and familiar with. Historically AIIM has been a preferred and successful exchange for technology centric and more specifically payment related organizations."
This press release is available on the company's official online investor relation's site for investor commentary, feedback and questions. Investors are asked to visit ActiveCore IR Hub located at http://www.Agoracom.com/IR/ActiveCore.
About ActiveCore Technologies, Inc.
(http://www.ActiveCore.com)
ActiveCore Technologies, Inc., operates a group of subsidiaries and divisions in the U.S., and Canada that offer a Smart Enterprise Suite of products and services. We integrate, enable, and extend functions performed by current and legacy IT systems. Our products encompass web portals, enterprise middleware, mobile data access, data management and system migration applications. The Systems Integration & Modernization Division of ActiveCore operates under the trade names of CRATOS and MDI Solutions. The Corporate Disclosure and Messaging Division of ActiveCore operates under the trade names C Comm Network Corporation, DisclosurePlus and ActiveCast. ActiveCore services clients in health care, financial services, government and manufacturing worldwide.
About ePocket Inc.
(http://www.ePocket.com)
ePocket brings true electronic cash to the world for the first time, making purchases over the Internet as secure and simple as handing cash to a clerk in a store. ePocket enables banks to provide their customers with the ability to withdraw electronic cash in any currency from their regular deposit accounts, and send this electronic cash to merchants or other consumers in order to make payments. Cash created electronically is just like cash, except there are no coins, bills, or plastic cards -- it is entirely electronic. Just like cash, electronic cash does not require the identification of a payer. This provides privacy for consumers, and eliminates fraud and identity theft, making ePocket the most cost-effective payment solution for Internet commerce. ePocket payments cost merchants less than any other payment technologies. Their extraordinary cost effectiveness enables merchants to profitably accept very small payments of just one or two dollars. In contrast to other payment schemes, consumers do not have to open additional accounts with a payment intermediary. Consumers do not have to give up any identity or credit information in order to accomplish a payment. This makes ePocket payments completely secure and provides complete privacy for consumers.
-------------------- Work Hard / Play Hard
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