posted
Great news just out: DOVER, DE -- (MARKET WIRE) -- 03/12/07 -- Pocketop Corp. (PINKSHEETS: PKTO) today clarified its Balance Sheet to counter any speculation by its new shareholders. The company explained that although millions have been spent on development and sales to date the secured creditors and Cyberhand Technologies International Inc. have agreed to create a new debt free entity that would start with only assets on the balance sheet and no debt whatsoever. Tangible assets in hardware, inventory, designs, patents, trademarks and parts totaling hundreds of thousands of dollars and the investment credit for the millions more that was spent were simply placed in the new company. The new Pocketop Corp. will have all it needs to produce new products on time and on budget regardless of the complexity and feature set. It has also been agreed that Cyberhand Technologies International Inc. will provide its existing design files at no charge and to use its design studios and software group at a preferred rate unmatchable in the industry to speed production.
"We have no debt, plenty of assets and millions already spent to help us," commented Nino Caldarola, President and Chief Executive, Pocketop Corp. "No debt, assets, superior designs ready to go, proven manufacturing expertise on tap and a team ready to go with little overhead to worry about. We are going to be a hard to beat technology provider with a price point unmatched in the industry. If you thought we were hard to beat in the past, come and try our new products and enjoy what a debt free working environment brings to the market. We will be delivering the world's best products at the industry's best price and offering service no one can even hope to touch," stated Nino Caldarola.
Posts: 660 | From: california | Registered: Nov 2005
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posted
picked some up at .018 looks like a bounce... but be careful here, they raised the a/s from 20M to 1B
Posts: 2473 | Registered: May 2006
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VShield Software Corp. Is Debt Free Software Company With Assets Only! Monday March 12, 11:58 am ET
VShield Software Corp. Explains Balance Sheet
DOVER, DE--(MARKET WIRE)--Mar 12, 2007 -- VShield Software Corp. (Other OTC:VSHD.PK - News) today clarified its Balance Sheet to counter any speculation by its new shareholders. The company explained that although millions have been spent preciously on software development and commercial site testing to date the secured creditors have agreed to create a new debt free entity that would start with only assets on the balance sheet and no debt whatsoever. Tangible assets in hardware, boxed software inventory, designs, potential process patents, copyrighted material and parts totaling thousands of dollars and the investment credit for the millions more that was spent were simply placed in the new company. The new VShield Software Corp. will have all it needs to produce its new software products on time and on budget regardless of the complexity and feature set. It has also been agreed that all previous enhancements and rights to other software not mentioned on the web site will also be transferred to the new company at no charge, when available. This suite of products will include a full suite of tested casino software, it proprietary net meeting software, and various other components.
"We have no debt, plenty of assets and millions already spent to help us," commented Patrick Burke, Chief Technical officer of VShield Software Corp.
quote:Originally posted by lukin4winners: Great news just out: DOVER, DE -- (MARKET WIRE) -- 03/12/07 -- Pocketop Corp. (PINKSHEETS: PKTO) today clarified its Balance Sheet to counter any speculation by its new shareholders. The company explained that although millions have been spent on development and sales to date the secured creditors and Cyberhand Technologies International Inc. have agreed to create a new debt free entity that would start with only assets on the balance sheet and no debt whatsoever. Tangible assets in hardware, inventory, designs, patents, trademarks and parts totaling hundreds of thousands of dollars and the investment credit for the millions more that was spent were simply placed in the new company. The new Pocketop Corp. will have all it needs to produce new products on time and on budget regardless of the complexity and feature set. It has also been agreed that Cyberhand Technologies International Inc. will provide its existing design files at no charge and to use its design studios and software group at a preferred rate unmatchable in the industry to speed production.
"We have no debt, plenty of assets and millions already spent to help us," commented Nino Caldarola, President and Chief Executive, Pocketop Corp. "No debt, assets, superior designs ready to go, proven manufacturing expertise on tap and a team ready to go with little overhead to worry about. We are going to be a hard to beat technology provider with a price point unmatched in the industry. If you thought we were hard to beat in the past, come and try our new products and enjoy what a debt free working environment brings to the market. We will be delivering the world's best products at the industry's best price and offering service no one can even hope to touch," stated Nino Caldarola.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Tex, I saw that someone on IHub said the companies are related but I didn't check it out. Rergardless, they make themselves look really bad by doing something like that, in my opinion, whether related or not.
Oh well, just thought it was amusing.
quote:Originally posted by T e x: PC,
so there's not been an established link between the two companies?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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