Allstocks.com's Bulletin Board: PTEL-Announce Approval of 15c211 Filing and Target OTC Bulletin Board Move

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Posted by stockpicker23 on :

hit wire about 20 mins ago!

http://biz.yahoo.com/prnews/070611/ukm025.html?.v=31

This adult entertainment company is well on their way!

Posted by PCola77 on :

There are now at least 3 threads on this stock on page 1. Please post all relevant info in one thread.

Thanks.

Posted by stockpicker23 on :

quote:
Originally posted by PCola77:
There are now at least 3 threads on this stock on page 1. Please post all relevant info in one thread.

Thanks.

apologize, i tried to get the post up as quickly as possible after i saw it off the wire and before market opened [Frown]

Posted by PCola77 on :

Okay, but so you know, mods will lock threads if there are multiples, and old info gets lost. If you feel like it, copy the info from the other threads into this one, and just keep one going from here on out.

Posted by stockpicker23 on :

NEWS: Petel Inc announces final stages of Business Combination With a2a Group PLC

Thursday, 14 June 2007
Petel Incorporated can today announce that they are in the final stages of a Business Combination with UK broadband television technology visionaries a2a Group PLC.

A business combination allows the two companies to remain intact, each trading on its respective exchange, whilst pooling resource and capital. Petel Incorporated are overseeing the final UK legal requirements to effect the transaction. On completion, the previously detailed 1-for-1 share exchange will be actioned. It is anticipated this will be no later than week commencing 2nd July 2007.

The business combination delivers significant benefits to both parties:-

Petel Incorporated:
• In-house channel management and broadcast platform technologies.
• Acceleration of schedule to launch non-adult broadband television channels.
• Complete end-to-end channel management, from production through to delivery.

a2a Group PLC:
• Restructure, with successful management input from Petel Incorporated.
• Management input will deliver revenue generating status within 6 weeks of completion.
• Design and production facilities available in-house, reducing significant third party costs.
• Market management.
• Marketing input and support.
• Contract management and development with major global brands.
• AsiaPac market development in conjunction with experienced Petel Incorporated management team.

Further information will be released on completion.