Could this be the next new hot thing? Excerpt from the PR:
"X Board will be launched at the world's largest boat show in Ft. Lauderdale, Fla., on October 28. It is on schedule for full production in early 2005 and will be available to leading boat and watercraft dealers across North America and internationally. It is priced competitively with personal watercraft and will be available to demo at major resorts and water sport rental services. "
Comments?
TORRANCE, Calif., Sep 27, 2004 (BUSINESS WIRE) -- Nova Communications Ltd. (NCVM) today introduced a new personal watercraft product to be known as the X Board. A jet-powered watercraft that is shaped like a surfboard but powered by a jet propelled engine, X Board allows riders of all skill levels to experience the exhilaration of surfing anywhere, anytime. Photos and more information are available at the Company's web site(www.NCVM.net).
X Board was developed by Nova's majority-owned subsidiary, Aqua Xtremes Inc., a four-year-old Nevada corporate entity. Water sports enthusiasts worldwide have been waiting for a motorized board that brings the freedom of surfing to their playgrounds on lakes and rivers. The X Board design team has responded with a revolutionary jet-powered surfboard that combines innovative hull design and a powerful, EPA conforming engine.
Ken Owen, Nova Communications CEO, commented, "After having invested a great deal of energy in the personal watercraft industry over the last several quarters, we are proud to introduce our own Xtreme personal watercraft product, X Board, the ultimate water sports-riding machine."
X Board will be launched at the world's largest boat show in Ft. Lauderdale, Fla., on October 28. It is on schedule for full production in early 2005 and will be available to leading boat and watercraft dealers across North America and internationally. It is priced competitively with personal watercraft and will be available to demo at major resorts and water sport rental services.
Concurrently, Nova announced that the timeline has expired to close the merger with PowerSki International, and that the companies at this time do not plan to close the merger as outlined in the previously executed Memorandum of Understanding.
Learn More About Nova's X Board
To learn more about X Board, please visit www.NCVM.net. Additionally, investors and media are encouraged to sign up for the free company newsletter that will provide updates on news, Company developments, and periodic shareholder updates from Nova CEO Ken Owen.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:
Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
Nova Communications has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Nova Communication's results of operations and financial condition. However, no assurances can be given that Nova Communications will be successful in these efforts.
SOURCE: Nova Communications
Company Reporter, Inc.Mike Long, 281-565-5983mike@companyreporter.com
TORRANCE, Calif.--(BUSINESS WIRE)--Sept. 29, 2004--Nova Communications Ltd. (OTCBB:NCVM - News) announced that it will unveil its new personal watercraft product, XBoard, at the Ft. Lauderdale International Boat Show.
XBoard is a jet-powered watercraft that has the power of a jet ski but behaves like a surfboard. XBoard allows riders of all skill levels to experience the exhilaration of surfing anywhere, anytime. Photos and more information are available at the Company's web site (www.NCVM.net).
XBoard will be exhibited at the Ft. Lauderdale International Boat Show, the world's largest boat show, October 28th through November 1st, 2004. The XBoard team can be found in booth number 3112.
At the boat show, the XBoard team will be taking applications for distributorships and retail dealers as the Company plans to have the XBoard ready for full production in early 2005.
XBoard was developed by Nova's majority-owned subsidiary, Aqua Xtremes Inc., a four-year-old Nevada corporate entity. Water sports enthusiasts worldwide have been waiting for a motorized board that brings the freedom of surfing to their playgrounds on lakes and rivers. The XBoard design team has responded with a revolutionary jet-powered surfboard that combines innovative parabolic hull design and a powerful, EPA conforming engine.
LEARN MORE ABOUT NOVA'S X BOARD
To learn more about XBoard, please visit www.NCVM.net. Additionally, investors and media are encouraged to sign up for the free company newsletter that will provide updates on news, Company developments, and periodic shareholder updates from Nova CEO Ken Owen.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
Nova Communications has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Nova Communication's results of operations and financial condition. However, no assurances can be given that Nova Communications will be successful in these efforts.
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Contact:
Company Reporter, Inc.
Mike Long, 281-565-5983
mike@companyreporter.com
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Source: Nova Communications Ltd.
Stay away, take the advice from the home of surfing and the triple crown here in hawaii. this is never going to fly...
LIVING in Hawaii doesn't make one an expert on surfing, and although I would welcome the advice of an expert who is FAMILIAR with the product, I don't think we have gotten any yet.
If you want to see the board in action, as opposed to relying on your own preconceived notions, go here:
http://www.NCVM.net./
Click on the picture, and watch the flash presentation. Wait until it is COMPLETELY over. Then you will see an option to see more video. Watching that, I see that the XBoard seems to be reaching speeds similar to a jet ski. Looks pretty exciting.
I emailed them and left a phone message. I'll post whatever I get.
id4, thank you for your opinion, and I would be interested to know what you think AFTER you learn something about the product.
Nova Communications Ltd (OTC BB: NCVM) Last Update: 12:24:00 PM ET Oct 7, 2004
Nova Communications Board Authorizes Reverse Stock Split
TORRANCE, Calif., Oct 7, 2004 (BUSINESS WIRE) -- Nova Communications Ltd. (NCVM) announced that its Board of Directors has authorized a reverse stock split of its common stock.
The Company filed a Form 8-K with the Securities and Exchange Commission disclosing the split, whereby the Board of Directors approved a 1 for 100 reverse stock split. On September 21, 2004, the Company filed a Certificate of Change with the Nevada Secretary of State pursuant to the Nevada Business Corporation Act reflecting the reverse stock split. In addition to the reverse stock split, the Certificate of Change also reduced the Company's authorized capital stock to 5,000,000 shares of common stock and 100,000 shares of preferred stock.
On September 28, 2004, the Company notified NASDAQ of the proposed reverse split as required by the 10-day notice provisions of Rule 10b-17 under the Securities Exchange Act of 1934. The reverse stock split is scheduled to be effective for shareholders of record as of October 8, 2004.
The Company has been notified by NASDAQ that its new stock symbol will be "NVAC."
Ken Owen, Nova's CEO commented, "The Board felt it was in the best interest of the Company and its shareholders to implement the reverse stock split. We feel that the Company will benefit from a capital structure more appropriate for a company of our status.
"After refining our business over the last 12 months, and with plans to introduce the XBoard to the marine industry at the Ft. Lauderdale International Boat Show on October 28, we felt that a reverse split will provide a more appealing capital structure and share price.
"We believe this will facilitate more attractive financing opportunities and help the Company establish more solid credibility, helping us to better position the Company for growth and market penetration in our businesses."
Additionally, the Company recently announced its introduction of the XBoard -- a jet-powered watercraft that is shaped like a surfboard but powered by a jet propelled engine. The XBoard allows riders of all skill levels to experience the exhilaration of surfing anywhere, anytime. Photos and more information are available at the Company's web site (www.NCVM.net).
The XBoard will be exhibited at the Ft. Lauderdale International Boat Show, the world's largest boat show, from October 28th through November 1st, 2004. The XBoard team can be found in booth number 3112.
At the boat show, the XBoard team will be taking applications for a dealership network and distribution, as the Company plans to have the XBoard ready for full production in early 2005.
The XBoard was developed by Nova's majority-owned subsidiary, Aqua Xtremes Inc., a four-year-old Nevada corporate entity. Water sports enthusiasts worldwide have been waiting for a motorized board that brings the freedom of surfing to their playgrounds on lakes and rivers. The XBoard design team has responded with a revolutionary jet-powered surfboard that combines innovative hull design and a powerful, EPA conforming engine.
Learn More about Nova's XBoard
To learn more about the XBoard, please visit www.NCVM.net. Additionally, investors and media are encouraged to sign up for the free company newsletter that will provide updates on news, Company developments, and periodic shareholder updates from Nova CEO Ken Owen.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent inthe telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
Nova Communications has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Nova Communication's results of operations and financial condition. However, no assurances can be given that Nova Communications will be successful in these efforts.
SOURCE: Nova Communications Ltd.
Company Reporter, Inc.Mike Long, 281-565-5983mike@companyreporter.com
Copyright (C) 2004 Business Wire. All rights reserved.
The surfing world is not about evolutionizing thier sport. Trust me, this product will not last and will get spit on.
I'm saying this to the investors becuase I am a consumer in the surfing market.
If i wanted something to ride on the water I would buy a reliable WaveRunner. Not motorized board with a rope to hold on to. Trust me I have seen some many goofy things like this that never take off.
[This message has been edited by mattonic (edited October 07, 2004).]
Man, I'm changing my name to just Losesum.
[This message has been edited by tigertony (edited October 22, 2004).]
I'm an idiot.
I'm an idiot.
I'm an idiot.
I'm an idiot.
I'm an idiot.
I'm an idiot.
quote:
Originally posted by tigertony:
Thanks for input everyone.Winsum we have all been there,take it off your streamer.You'll find another one that will do even better.Good Luck
(Just kidding though - Don't feel too bad - Nobody was a BIGGER IDIOD than me when I DIDN'T sell UVCL a year ago over .15 (it hit .173) when it ran from .01 in 4 days (I had bought it a month before at .02 and SUFFERED as it dropped to .01 and had almost NO volume many days)
anyway, sorry, but - hang in there and know it happens to all of us!! this one, i agree it was the "right" move to sell as soon as the R/S was announced, i would have done *exactly* the same thing. who knew the turkey would suddenly grow wings? just no way of knowing
uh, mind telling me why you think this one is going to hit $20?
quote:
Originally posted by blue_in_MI:
heh, almost spit my coffee all over the screen when i read the $20 estimate.uh, mind telling me why you think this one is going to hit $20?
quote:
Originally posted by bjay22:
I am completely stumped by this one - I first talked myself into buying more if it returned to 1.17, because I HATE chasing any stock, but with the 28th still days away, I am so tempted. It's obvious someone is buying at these prices, anyone here? Any longs adding to their position? Geez, just seen it hit 3.25 - now 3.35. This is unreal!
TIA
quote:
Originally posted by Love the Market:
Did Nova change systems? I find NCVM at .005 on AOL Personal Finance and it won't even come up on Ameritrade Streamer or Level II.TIA