posted
SAN DIEGO, Apr 06, 2006 (BUSINESS WIRE) -- Safe Travel Care, Inc. (OTCBB:SFTV) announced today that it has signed a nonbinding agreement to merge with Titan Energy Development, Inc. of Detroit, Michigan. The intended merger is pending due diligence and the execution of a final agreement. Titan Energy Development, Inc. is the manufacturer of a mobile, multifunctional utility system called the "Sentry 5000" designed for disaster recovery and response situations.
The Sentry 5000 was designed and developed by Titan to be a smaller, completely self sufficient "first response" unit that will provide vital services in situations such as manmade or natural disasters. The Sentry 5000 generates electricity, provides heating and cooling, water filtration and satellite communications and is small enough to be transported by a pick up truck or SUV and operates on diesel fuel.
More information on Safe Travel Care, Inc. can be found at: www.sftvinc.com. More information on Titan Energy Development Inc. and the Sentry 5000 Mobile Utility System can be found at www.titanenergydevelopment.com.
Investors are cautioned that certain statements contained in this document as well as some statements in periodic press releases and some oral statements of SFTV officials are "Forward-Looking Statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, which include words such as "believes," "anticipates," "intends," "plans," "expects," and similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future SFTV actions, which may be provided by management, are also forward-looking statements as defined by the Act. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance, or achievements expressed or implied by such forward-looking statements and to vary significantly from reporting period to reporting period. Although management believes that the assumptions made and expectations reflected in the forward-looking statements are reasonable, there is no assurance that the underlying assumptions will, in fact, prove to be correct or that actual future results will not be different from the expectations expressed in this report. These statements are not guarantees of future performance and SFTV has no specific intention to update these statements.
SOURCE: Safe Travel Care, Inc.
CONTACT: Safe Travel Care, Inc.Jeff Flannery, 619-342-7449
Posts: 1097 | Registered: Jun 2005
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posted
Depends on the assets of Titan, I'm tryin to find that out. Thats quite the little product hey have though!
Posts: 1097 | Registered: Jun 2005
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posted
I think you're right. A little shake, gain some real traction, and then settle into a steady climb. Go SFTV!
Posts: 98 | From: MA | Registered: Mar 2006
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posted
Im holding my position until further news, no telling where this may go. Starting to get more notice out there, wallstreetgrapevine news now too.
Posts: 1097 | Registered: Jun 2005
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posted
It looks like Flannery bought Titan under his Axia Group Inc., then bought up SFTV, and is now merging the two. So, Flannery owns Titan and SFTV?
I like the talk about marketing to Asia too.
Posts: 98 | From: MA | Registered: Mar 2006
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posted
The only thing I can think of that makes sense of this merger is that SFTV is BB stock and AXIG ended back on the pinks because it couldnt afford the audit. AXIG may want to use the audited financials of SFTV to get off the pinks again?
Letter as of March 29, 2006
Shareholder Letter
29 March 2006
Today Axia Group, Inc. was moved from the OTC Bulletin Board to the Pink Sheets. The expense of completing the audit at this time and other factors require us to operate on the Pink Sheets for the foreseeable future while we solidify our business plans and operations.
Axia is continuing as an operating business dedicated to its goals and vision. Please be assured that we are moving forward with the building projects in Sri Lanka, going forward with the land development in Kingman, Arizona, as well as pursuing other business opportunities that present themselves.
We will strive in every way possible to continue to keep you informed of developments in the company as well as to provide you with timely financial information. I am committed to working with our auditors to complete the audit process for Axia Group, Inc. and so be in a position in the future to reapply for listing on the OTC Bulletin Board. I cannot assure when that may happen, but I will continue to do all I can to keep you informed of the company’s progress and status.
posted
The whole Axia, Titan, SFTV relationship seems a bit confusing. I am not sure exactly how they all fit together. It looks like Axia might just be the marketing agent for Asia, while SFTV will be the owning company. The advantage SFTV has over Axia is that it is a OTCBB compliant company as opposed to a pink sheet. That puts the Titan product in a better position in terms of stock trading venue.
This story is just beginning to unfold and I think it is a looking like a good one!
Posts: 98 | From: MA | Registered: Mar 2006
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From Jwfworld*aol.com Subject SFTV and AXIG Date Thu, April 6, 2006 8:51 am To stickfigurefred*******
Hi Fred --
The only reason we would contemplate a reverse split with AXIG would be at the request of our financing partners who have expressed concern that the stock price is below a penny. We are seeking bonding for new projects as well as working capital for AXIG.
There is no reverse split being considered for SFTV.
Jeff
-------------------- Fred [IMG]http://renegade.iconlabs.net/images/tek.gif[/IMG] Posts: 1097 | Registered: Jun 2005
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posted
Question? I want to buy this for future potential, but everytime I start to put my buy order in something stops me. Has anyone else every had this problem?
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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posted
SFTV with this news should be one of the hottest penny stocks out there. I just bought in today, and it is up almost 100%. Definately would recommend this one for a couple more cents in the recent future.
posted
Accumulation, nobody is wanting to sell this afternoon, hehe. Excellent volume, I tell ya what when this thing wants to take off it takes off, look at the last several times it hit .04 and .07, we are hitting volume of magnitude for the .04 so far. Next few days should be interesting with more DD popping out.
Posts: 1097 | Registered: Jun 2005
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posted
SFTV with this news should be one of the hottest penny stocks out there. I just bought in today, and it is up almost 100%. Definately would recommend this one for a couple more cents in the recent future.
posted
Yeah I bought into it today and also had a problem with ameritrade. You have to set the price to limit instead of market, and input the price at which you would like to buy or the current ask price. It wouldn't allow me to do it other than that and I had to buy in at a little higher price than the ask the first 2 spots wouldn't go through.
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