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Echelon Brands, Ltd. Appoints New CEO as Company Re-Organization Commences.
Dec 15, 2008 06:00:02 (ET)
DALLAS, Dec 15, 2008 (BUSINESS WIRE) -- Echelon Brands, Ltd. (PINK SHEETS: ICTY.PK), formerly known as Eyecity.com, Inc, announced today Mr. Brad Wilson as the newly appointed CEO. Mr. James Brola formally resigned his position as CEO with consideration of the company and the shareholders in mind. Mr. Wilson will appoint new management and other key individuals that bring innovative thinking and fresh perspectives to the team.
Over the next several days as the re-organization begins, company officials will release information allowing the shareholders an opportunity to understand the direction and the process in which the company will re-structure. New offices are being established in Central Florida and should be completed within the next couple of days. Additionally, corporate books are in the process of being forwarded to the new corporate attorney also located in Florida. Echelon Brands, Ltd. has retained the services of Wyndam Media Group for all investor related questions and comments.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This press release contains "forward-looking statements," which are statements related to future, not past events. In this context, the forward-looking statements often include statements regarding our goals, plans, projections and guidance regarding our financial position, results of operations, market position, pending and potential future acquisitions and business strategy, and often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks" or "will." Any such forward-looking statements are not assurances of future performance and involve risks and uncertainties that may cause results to differ materially from those set forth in the statements.
These risks and uncertainties include, among other things, (a) general economic and business conditions, (b) the level of strategic partner incentives, (c) the future regulatory environment, (d) our cost of financing, (e) our ability to complete acquisitions and dispositions and the risks associated therewith, and (f) our ability to retain key personnel. These factors, as well as additional factors, could affect our forward-looking statements. We urge you to carefully consider this information. We undertake no duty to update our forward-looking statements, including our earnings outlook.
SOURCE: Echelon Brands, Ltd.
Wyndam Media Group Investor Relations: Mick Bazsuly, 954-513-7911 Echelon Brands, LTD. Defines Company Strategy
Dec 16, 2008 12:49:00 (ET)
DALLAS, Dec 16, 2008 (BUSINESS WIRE) -- Echelon Brands, LTD., (Pink Sheet: ICTY.PK) formerly known as Eyecity.com, Inc., announced today that after several months of corporate challenges in the retail industry, an explosive industry has been identified that has the potential and the history that Mr. Wilson, CEO, feels confident will move Echelon Brands into an arena that will sustain its ever growing popularity through the economic shortfalls.
Numerous meetings were held with key individuals and industry experts collaborating ideas that resulted in a decision by Mr. Wilson to move Echelon Brands, LTD., into the Sports Media Broadcast and Sporting Venue Promotions excitement. Corporate decisions were made based on the level of involvement from media companies sharing corporate highlights, astonishing revenues, extremely low cost of production and other encouraging segments. Echelon Brands, LTD., is poised to be a major contributor while the recent exponential growth in the sporting community continues. "As we move into the sports broadcasting and event planning and promotional business, be assured the professionals we assemble will be those of the highest esteem with a worldwide following. It will be a veteran staff of proven individuals who share the same ideas and direction." stated Mr. Wilson, CEO.
Mr. Bradley Wilson was further quoted by saying "This is a new time for ICTY. A new Chapter is about to begin for our company and shareholders alike. We need to put to rest the entire speculative hypothesis about my involvement with other companies. I need to make it perfectly clear that my focus is to rebuild this organization. Now is the time to put positive corporate action into real world exercise. In the next couple of days, I will divulge additional corporate opportunities that will allow all the shareholders to regain confidence in a company that has lost the trust of the public."
Safe Harbor
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
SOURCE: Echelon Brands, LTD.
Wyndam Media Group Investor Relations Mick Bazsuly, 954-513-7911
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
PPS .0002 Echelon Brands, LTD. Signs Letter of Intent to Purchase Sports Radio Broadcast, Inc.
Dec 17, 2008 14:11:00 (ET)
DALLAS, Dec 17, 2008 (BUSINESS WIRE) -- Echelon Brands, Ltd., (Pink Sheets: ICTY.PK) formerly known as Eyecity.com, Inc. has signed a Letter of Intent to acquire and operate Sports Radio Broadcast, Inc. a licensed broadcasting company providing in stadium play by play to the crowds in the stadium, parking areas and the ever growing tailgate party areas.
Sports Radio Broadcast has a selective list of prolific sports casters, and allows those who purchase tickets to NFL, Major League Baseball, NCAA football and basketball as well as the NBA and the NHL , an opportunity to hear play by play action in the stadium using one of the companies private labeled radios complete with state of the art ear piece.
The actual commercials during the breaks and the sales of advertising of those commercials are property of the company as is the many coupons with tremendous value to the listeners. This is a generation of income due to the fact that as the audience listens to each commercial, there are individual coupons that contain ID numbers which provide valuable prizes at each break.
Over 80,000 radios have been purchased by the NFL for distribution at this year's Super Bowl in Tampa, Florida, and marks year eleven of supplying the product with commemorative design on the packaging and the radio itself as a keepsake of the game.
Mr. Brad Wilson stated, "We are very pleased with the proposed acquisition and the great team of announcers who have agreed to stay on board and continue to deliver quality broadcasts. We will expand to the NCAA finals again this year as well as college football in areas of high population and stadium attendance."
Mr. Wilson further stated, "This is a serious money maker and with the team we have in place, there is no doubt success is right around the corner. Our intentions are to expand the company and its capacity to consistently cover multi-events in different areas."
Sports Radio Broadcast, Inc. is a fully licensed National Football League provider of in stadium broadcasting.
SPORTS RADIO BROADCAST INC, WWW.SPORTSRADIOBROADCAST.COM WILL AGAIN FOR THE TENTH CONSECUTIVE YEAR PROVIDE IN STADIUM RADIOS TO OVER 80,000 FANS ATTENDING THE SUPER BOWL IN TAMPA, FLORIDA.
A DUE DILLENGENCE IS UNDERWAY AND THE COMPANIES ANTICIPATE CLOSING AFTER THE FIRST OF THE YEAR.
Safe Harbor
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
SOURCE: Echelon Brands, LTD.
Wyndam Media Group Investor Relations Mick Baszuly, 954-513-7911
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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posted
I grabbed some .0002's eod as a starter. .0003's up on ask now. Lots of nice pr's this week with more to come.
Posts: 712 | Registered: Mar 2006
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posted
Echelon Brands, LTD Updates Shareholders on Recent Corporate Activity
Dec 18, 2008 11:26:00 (ET)
DALLAS, Dec 18, 2008 (BUSINESS WIRE) -- Echelon Brands, Ltd., (Pink Sheets: ICTY) formerly known as Eyecity.com, Inc., is releasing to the public information regarding the recent Corporate changes. On Monday December 15th, a statement was released appointing Mr. Bradley Wilson as the new CEO. Soon after that release on Wednesday the 17th, another release was issued stating a Letter of Intent has been signed to purchase a viable company named "Sports Radio Broadcast, Inc." a fully licensed NFL broadcasting network. www.sportsradiobroacast.com
Company officials would like clarify the details pertaining to the Letter of Intent. The purpose of the LOI is for both parties to perform their Due-Diligence into each set of corporate books and get an understanding of the capital structure of each organization. Synergies between both companies have allowed this somewhat timely task to be streamlined into an efficient process, thus providing for the immediate signatures on the LOI by both parties.
One of the key topics of discussion in the public sector seems to be the transfer of company from Mr. James Brola to Mr. Bradley Wilson. A Corporate Resolution is filed in the corporate book confirming that 100% of the Preferred, Series A Convertible stock has been transferred to Mr. Bradley Wilson giving him the control block needed to run the company as needed. Mr. Brola eloquently surrendered all of his stock with the company and the shareholders in mind. Reasoning behind the total transfer of shares comes from a notes payable from an un-disclosed party that now has complete satisfaction of debt.
With regards to any type of reverse merger, nothing has taken place as of today. The due-diligence process will determine if a reverse merger, stock purchase agreement, or simply a merger between the two organizations is the most suitable. Mr. Wilson did state, "I appreciate all of the influx of calls and I hope to answer all of inquires in a timely manner. I'm looking forward to a successful transition and a promising New Year."
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
SOURCE: Echelon Brands, LTD.
Wyndam Media Group Investor Relations Mick Bazsuly, 954-513-7911
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT! Posts: 9276 | From: San Diego CA | Registered: Jul 2006
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